Coastal Corporation Ltd

Coastal Corporation Ltd

₹ 229 0.20%
21 Nov 12:18 p.m.
About

Incorporated in 1981, Coastal Corporation
Ltd is engaged in processing and export
of sea food[1]

Key Points

Business Overview:[1][2]
CCL is a HACCP, BRC, and BAP-certified producer and exporter of high-quality Aquaculture seafood
products. It does the sourcing, processing, and packaging, of Shrimps to the international market. The key product line consists of sea-caught and aquaculture shrimps, value
-added and processed, raw or cooked in frozen blocks or IQF forms.

  • Market Cap 307 Cr.
  • Current Price 229
  • High / Low 355 / 208
  • Stock P/E 990
  • Book Value 197
  • Dividend Yield 0.54 %
  • ROCE 4.59 %
  • ROE 1.79 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.18 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 26.3%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.23% over past five years.
  • Company has a low return on equity of 3.69% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 35.3 to 48.9 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Aquaculture

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
128.10 146.13 126.38 116.44 107.12 56.13 73.03 100.58 111.36 107.00 116.62 132.81 154.77
118.49 139.96 134.53 107.46 96.39 50.58 78.47 90.77 100.88 97.65 118.01 123.29 147.23
Operating Profit 9.61 6.17 -8.15 8.98 10.73 5.55 -5.44 9.81 10.48 9.35 -1.39 9.52 7.54
OPM % 7.50% 4.22% -6.45% 7.71% 10.02% 9.89% -7.45% 9.75% 9.41% 8.74% -1.19% 7.17% 4.87%
3.34 3.90 3.31 5.55 4.23 1.10 0.66 1.07 2.27 1.70 2.05 1.93 1.80
Interest 1.04 2.55 1.69 1.73 3.06 2.91 3.56 3.06 3.74 3.85 4.68 4.12 5.02
Depreciation 1.11 0.99 1.19 1.07 2.63 2.59 3.05 2.98 3.03 3.04 3.04 3.03 3.08
Profit before tax 10.80 6.53 -7.72 11.73 9.27 1.15 -11.39 4.84 5.98 4.16 -7.06 4.30 1.24
Tax % 27.31% 27.87% -20.21% 24.98% 27.18% 63.48% -18.96% 32.23% 25.25% 29.33% -12.32% 29.30% 58.87%
7.85 4.72 -6.16 8.79 6.75 0.41 -9.23 3.28 4.48 2.94 -6.19 3.05 0.51
EPS in Rs 6.28 3.78 -4.56 6.51 5.00 0.30 -6.84 2.43 3.32 2.20 -4.62 2.28 0.38
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
230 278 335 489 613 601 604 473 491 353 436 511
207 251 314 460 566 542 564 448 475 333 407 486
Operating Profit 23 27 20 29 48 59 40 26 16 20 28 25
OPM % 10% 10% 6% 6% 8% 10% 7% 5% 3% 6% 6% 5%
0 1 1 1 4 16 15 8 13 12 7 7
Interest 5 10 8 9 10 10 7 4 6 11 15 18
Depreciation 2 3 3 3 3 3 3 4 4 9 12 12
Profit before tax 17 15 11 18 38 62 45 26 19 11 8 3
Tax % 34% 36% 40% 46% 37% 38% 24% 30% 30% 38% 43%
11 10 7 10 24 38 34 18 14 7 5 0
EPS in Rs 9.08 8.18 5.70 8.08 19.91 31.80 28.64 14.73 10.04 4.96 3.38 0.24
Dividend Payout % 0% 2% 6% 4% 2% 4% 0% 17% 17% 26% 36%
Compounded Sales Growth
10 Years: 7%
5 Years: -6%
3 Years: -3%
TTM: 50%
Compounded Profit Growth
10 Years: -8%
5 Years: -35%
3 Years: -37%
TTM: 129%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: -4%
1 Year: -7%
Return on Equity
10 Years: 14%
5 Years: 8%
3 Years: 4%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1 1 3 3 3 10 10 11 12 13 13 13
Reserves 25 35 40 50 74 103 133 161 193 232 246 250
51 77 64 77 92 128 112 138 173 176 333 451
23 22 30 56 66 49 25 16 20 23 38 42
Total Liabilities 100 135 137 186 234 291 281 326 398 443 630 756
32 34 35 32 45 44 50 62 69 181 178 176
CWIP 0 0 0 1 0 2 2 32 92 17 87 119
Investments 0 0 1 1 1 1 1 2 1 1 2 2
67 102 101 153 188 243 227 229 236 244 363 460
Total Assets 100 135 137 186 234 291 281 326 398 443 630 756

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-12 -15 23 2 18 26 50 9 1 27 -63
-5 -3 -3 -0 -10 -3 -3 -40 -56 -41 -81
18 17 -20 5 2 -13 -30 34 35 21 152
Net Cash Flow 1 -2 0 7 9 11 18 2 -20 7 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 40 31 31 30 42 23 22 30 27 49
Inventory Days 70 82 63 60 62 100 84 107 119 192 221
Days Payable 25 15 24 37 34 29 12 4 6 9 9
Cash Conversion Cycle 69 107 70 54 59 112 95 125 142 210 261
Working Capital Days 62 96 65 57 58 94 84 117 122 164 200
ROCE % 27% 17% 24% 32% 35% 21% 11% 7% 5% 5%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
36.12% 41.09% 41.09% 41.09% 41.63% 41.63% 41.64% 41.64% 41.86% 41.86% 41.86% 41.94%
0.00% 1.73% 1.97% 1.67% 2.13% 2.06% 1.93% 1.93% 2.00% 1.87% 1.87% 1.40%
63.88% 57.18% 56.94% 57.25% 56.24% 56.32% 56.44% 56.41% 56.13% 56.27% 56.26% 56.66%
No. of Shareholders 7,96810,46610,52412,88512,83213,27914,16312,02112,64612,68612,93313,135

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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