Coastal Corporation Ltd

Coastal Corporation Ltd. ventures as a seafood processing and exporting company. The company exports a range of shrimp, fish and other seafoods to its global markets.

Pros:
Company has good consistent profit growth of 35.54% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.52%
Cons:
Promoter holding is low: 32.72%

Peer Comparison Sector: Miscellaneous // Industry: Aquaculture

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
63.47 92.60 134.78 121.82 87.80 129.84 87.84 162.11 109.00 95.77 103.93 151.31
67.49 91.92 136.89 117.45 94.63 130.14 84.47 148.50 95.65 71.07 86.09 144.26
Operating Profit -4.02 0.68 -2.11 4.37 -6.83 -0.30 3.37 13.61 13.35 24.70 17.84 7.05
OPM % -6.33% 0.73% -1.57% 3.59% -7.78% -0.23% 3.84% 8.40% 12.25% 25.79% 17.17% 4.66%
Other Income 5.84 7.14 11.14 6.02 12.50 11.24 7.04 1.55 1.38 0.47 8.61 4.95
Interest -0.70 1.99 2.14 2.55 1.99 2.11 1.76 3.13 2.31 2.27 2.07 2.45
Depreciation 0.59 0.64 0.64 0.64 0.96 0.72 0.72 0.73 0.83 0.84 0.86 0.85
Profit before tax 1.93 5.19 6.25 7.20 2.72 8.11 7.93 11.30 11.59 22.06 23.52 8.70
Tax % 64.77% 35.45% 34.08% 31.81% 76.10% 34.16% 36.32% 35.31% 36.58% 37.26% 35.25% 33.56%
Net Profit 0.67 3.36 4.13 4.91 0.64 5.35 5.05 7.31 7.35 13.84 15.23 5.79
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
32 23 21 23 35 76 159 230 277 332 472 507 460
31 23 22 25 36 66 146 207 250 311 439 459 397
Operating Profit 1 -1 -1 -1 -1 10 12 23 27 21 33 48 63
OPM % 4% -3% -4% -6% -4% 14% 8% 10% 10% 6% 7% 10% 14%
Other Income 2 3 3 4 5 0 0 0 1 1 1 3 15
Interest 1 1 1 1 1 3 3 5 10 8 9 9 9
Depreciation 0 0 0 0 0 0 1 2 3 3 3 3 3
Profit before tax 2 1 1 1 1 7 8 17 16 12 22 39 66
Tax % 13% 14% 11% 19% -33% 33% 33% 34% 35% 36% 38% 36%
Net Profit 1 0 0 1 2 5 5 11 10 8 13 25 42
EPS in Rs 10.57 9.99 7.70 13.19 24.66
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 2% 5% 3% 2%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:36.47%
5 Years:26.17%
3 Years:22.25%
TTM:-1.62%
Compounded Profit Growth
10 Years:48.84%
5 Years:35.54%
3 Years:34.82%
TTM:130.03%
Return on Equity
10 Years:33.08%
5 Years:32.19%
3 Years:29.52%
Last Year:35.66%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
1 1 1 3 3 3 1 1 1 3 3 3 10
Reserves 1 1 2 2 4 9 14 25 35 41 56 80 99
Borrowings 8 8 8 7 12 24 31 51 77 64 77 85 85
3 4 2 3 6 5 12 23 22 29 48 51 62
Total Liabilities 12 14 14 14 24 39 59 100 136 137 184 219 256
2 2 4 5 5 9 28 32 33 34 31 44 45
CWIP 0 2 0 0 0 9 0 0 0 0 1 0 0
Investments 0 0 0 0 0 0 0 0 0 2 8 17 24
10 9 9 8 18 20 30 67 102 100 144 157 187
Total Assets 12 14 14 14 24 39 59 100 136 137 184 219 256

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-1 1 0 4 10 -12 -16 24 6 31
-1 -1 -1 -13 -10 -5 -3 -4 -6 -19
2 0 3 8 1 18 17 -20 5 -2
Net Cash Flow 0 -0 3 -2 1 1 -2 -0 5 10

Ratios Standalone / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 37% 19% 18% 17% 18% 37% 28% 35% 27% 18% 27% 32%
Debtor Days 10 2 2 17 26 7 19 25 40 45 35 35
Inventory Turnover 8.18 4.93 3.98 4.53 6.17 9.00 14.86 11.12 7.35 8.98 12.01 10.62