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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 501831 | NSE: COASTCORP

Fundamental Analysis of Coastal Corporation Ltd

Basic Stock Data

Last Updated: May 22, 2024, 7:04 pm

Market Cap 317 Cr.
Current Price 237
High / Low355/182
Stock P/E216
Book Value 197
Dividend Yield0.57 %
ROCE5.48 %
ROE2.93 %
Face Value 10.0
PEG Ratio-4.52

Data Source: screener.in

Competitors of Coastal Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales125.86129.3390.49128.10146.13126.38116.44107.1256.1373.03100.58111.36107.00
Expenses121.65131.1781.69118.49139.96134.53107.4696.3950.5878.4790.77100.8897.65
Operating Profit4.21-1.848.809.616.17-8.158.9810.735.55-5.449.8110.489.35
OPM %3.34%-1.42%9.72%7.50%4.22%-6.45%7.71%10.02%9.89%-7.45%9.75%9.41%8.74%
Other Income2.792.762.743.343.903.315.554.231.100.661.072.271.70
Interest1.470.490.781.042.551.691.733.062.913.563.063.743.85
Depreciation0.911.001.021.110.991.191.072.632.593.052.983.033.04
Profit before tax4.62-0.579.7410.806.53-7.7211.739.271.15-11.394.845.984.16
Tax %25.54%-124.56%26.59%27.31%27.87%20.21%24.98%27.18%63.48%18.96%32.23%25.25%29.33%
Net Profit3.44-1.287.147.854.72-6.168.796.750.41-9.233.284.482.94
EPS in Rs2.89-1.025.716.283.78-4.566.515.000.30-6.842.433.322.20

Last Updated: May 10, 2024, 4:01 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 2, 2024, 11:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales230278335489613601604473491353392
Expenses207251314460566542564448475333368
Operating Profit2327202948594026162024
OPM %10%10%6%6%8%10%7%5%3%6%6%
Other Income011141615813126
Interest5108910107461114
Depreciation233333344912
Profit before tax171511183862452619114
Tax %34%36%40%46%37%38%24%30%30%38%
Net Profit1110710243834181471
EPS in Rs9.088.185.708.0819.9131.8028.6414.7310.044.961.11
Dividend Payout %0%2%6%4%2%4%0%17%17%26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-9.09%-30.00%42.86%140.00%58.33%-10.53%-47.06%-22.22%-50.00%
Change in YoY Net Profit Growth (%)0.00%-20.91%72.86%97.14%-81.67%-68.86%-36.53%24.84%-27.78%

Growth

Compounded Sales Growth
10 Years:%
5 Years:-10%
3 Years:-16%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:-23%
3 Years:-42%
TTM:-85%
Stock Price CAGR
10 Years:%
5 Years:-3%
3 Years:14%
1 Year:20%
Return on Equity
10 Years:%
5 Years:14%
3 Years:7%
Last Year:3%

Last Updated: May 16, 2024, 9:26 am

Balance Sheet

Last Updated: May 2, 2024, 11:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11333101011121313
Reserves2535405074103133161193232250
Borrowings5177647792128112138173176266
Other Liabilities2322305666492516202324
Total Liabilities100135137186234291281326398443553
Fixed Assets323435324544506269181180
CWIP000102232921736
Investments00111112111
Other Assets67102101153188243227229236244336
Total Assets100135137186234291281326398443553

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -12-152321826509128
Cash from Investing Activity -5-3-3-0-10-3-3-40-56-42
Cash from Financing Activity 1817-2052-13-30343521
Net Cash Flow1-207911182-207

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-28.00-50.00-44.00-48.00-44.00-69.00-72.00-112.00-157.00-156.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days25403131304223223027
Inventory Days708263606210084107119192
Days Payable25152437342912469
Cash Conversion Cycle6910770545911295125142210
Working Capital Days62966557589484117122164
ROCE %27%17%24%32%35%21%11%7%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters36.12%36.12%36.12%41.09%41.09%41.09%41.63%41.63%41.64%41.64%41.86%41.86%
FIIs0.00%0.00%0.00%1.73%1.97%1.67%2.13%2.06%1.93%1.93%2.00%1.87%
Public63.88%63.88%63.88%57.18%56.94%57.25%56.24%56.32%56.44%56.41%56.13%56.27%
No. of Shareholders9,4288,9767,96810,46610,52412,88512,83213,27914,16312,02112,64612,686

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.5512.5518.1033.5137.21
Diluted EPS (Rs.)5.5511.7117.8933.5137.21
Cash EPS (Rs.)12.3815.4320.5536.7840.52
Book Value[Excl.RevalReserv]/Share (Rs.)188.82176.68164.60140.81111.61
Book Value[Incl.RevalReserv]/Share (Rs.)188.82176.68164.60140.81111.61
Revenue From Operations / Share (Rs.)272.17424.13443.38594.25590.78
PBDIT / Share (Rs.)24.2125.6631.8053.8973.86
PBIT / Share (Rs.)17.0021.9428.4950.6370.55
PBT / Share (Rs.)8.3016.7124.4743.8960.48
Net Profit / Share (Rs.)5.1711.7117.2433.5137.21
NP After MI And SOA / Share (Rs.)5.1711.7117.2433.5137.21
PBDIT Margin (%)8.896.057.179.0612.50
PBIT Margin (%)6.245.176.428.5111.94
PBT Margin (%)3.053.935.517.3810.23
Net Profit Margin (%)1.892.753.885.636.29
NP After MI And SOA Margin (%)1.892.753.885.636.29
Return on Networth / Equity (%)2.736.6210.4723.8033.34
Return on Capital Employeed (%)7.8910.8215.5635.2160.62
Return On Assets (%)1.513.405.6112.1412.98
Long Term Debt / Equity (X)0.100.120.090.000.00
Total Debt / Equity (X)0.710.840.780.781.12
Asset Turnover Ratio (%)0.831.241.291.771.85
Current Ratio (X)1.281.281.591.541.33
Quick Ratio (X)0.560.600.830.770.66
Inventory Turnover Ratio (X)1.863.202.953.804.20
Dividend Payout Ratio (NP) (%)34.5623.630.0010.791.00
Dividend Payout Ratio (CP) (%)14.4217.930.009.830.92
Earning Retention Ratio (%)65.4476.370.0089.2199.00
Cash Earning Retention Ratio (%)85.5882.070.0090.1799.08
Interest Coverage Ratio (X)2.794.917.918.007.34
Interest Coverage Ratio (Post Tax) (X)1.593.245.295.984.70
Enterprise Value (Cr.)368.36553.92272.31220.40414.86
EV / Net Operating Revenue (X)1.041.130.570.360.69
EV / EBITDA (X)11.7418.648.024.025.52
MarketCap / Net Operating Revenue (X)0.640.830.380.250.52
Retention Ratios (%)65.4376.360.0089.2098.99
Price / BV (X)0.932.011.041.082.79
Price / Net Operating Revenue (X)0.640.830.380.250.52
EarningsYield0.020.030.100.220.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹1,253.88

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 429.06% compared to the current price ₹237

Intrinsic Value: ₹654.52

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 176.17% compared to the current price ₹237

Last 5 Year EPS CAGR: -47.80%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.90%, which is a positive sign.
  2. The company has shown consistent growth in sales (441.73 cr) and profit (24.18 cr) over the years.
  1. The stock has a high average Working Capital Days of 91.90, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 104.30, which may not be favorable.
  3. The company has higher borrowings (123.09) compared to reserves (117.82), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Coastal Corporation Ltd:
    1. Net Profit Margin: 1.89%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 7.89% (Industry Average ROCE: 0%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: 2.73% (Industry Average ROE: 0%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.59
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.56
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 216 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.71
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Coastal Corporation Ltd. is a Public Limited Listed company incorporated on 30/05/1981 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L63040AP1981PLC003047 and registration number is 003047. Currently company belongs to the Industry of Aquaculture - Deep Sea Fishing. Company’s Total Operating Revenue is Rs. 460.61 Cr. and Equity Capital is Rs. 11.58 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aquaculture - Deep Sea FishingD.No. 15-1-37/3, Jayaprada Apartments, Vishakapatnam Andhra Pradesh 530002secratarialdept@coastalcorp.co.in
http://www.coastalcorp.co.in
Management
NamePosition Held
Mr. Emandi Sankara RaoChairman & Ind.Director
Mr. T ValsarajVice Chairman & Mng.Director
Mr. G V V SatyanarayanaDirector - Finance & CFO
Mrs. Jeeja ValsarajNon Executive Director
Mr. P R KalyanaramanIndependent Director
Mr. M V SuryanarayanaIndependent Director
Mr. Kamireddi Venkateswara RaoIndependent Director

FAQ

What is the latest fair value of Coastal Corporation Ltd?

The latest fair value of Coastal Corporation Ltd is ₹1253.88.

What is the Market Cap of Coastal Corporation Ltd?

The Market Cap of Coastal Corporation Ltd is 317 Cr..

What is the current Stock Price of Coastal Corporation Ltd as on 22 May 2024?

The current stock price of Coastal Corporation Ltd as on 22 May 2024 is ₹237.

What is the High / Low of Coastal Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Coastal Corporation Ltd stocks is ₹355/182.

What is the Stock P/E of Coastal Corporation Ltd?

The Stock P/E of Coastal Corporation Ltd is 216.

What is the Book Value of Coastal Corporation Ltd?

The Book Value of Coastal Corporation Ltd is 197.

What is the Dividend Yield of Coastal Corporation Ltd?

The Dividend Yield of Coastal Corporation Ltd is 0.57 %.

What is the ROCE of Coastal Corporation Ltd?

The ROCE of Coastal Corporation Ltd is 5.48 %.

What is the ROE of Coastal Corporation Ltd?

The ROE of Coastal Corporation Ltd is 2.93 %.

What is the Face Value of Coastal Corporation Ltd?

The Face Value of Coastal Corporation Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Coastal Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE