NSE: COASTCORP · BSE: 501831
COASTAL CORPORATION LTD
Processes and exports seafood — primarily shrimp and fish products — and manufactures grain-based ethanol through its wholly owned subsidiary Coastal Biotech Private Limited. The seafood segment generated ₹728.75 crore of revenue at a 4.85% EBITDA margin, while Coastal Biotech's ethanol business contributed ₹241.9 crore at a 10.4% EBITDA margin. Seafood is processed across three units and exported to 12 countries, with the United States accounting for around 84% of export income. Ethanol from the existing 198 KLPD grain-based plant in Odisha is sold to Oil Marketing Companies under India's ethanol blending programme, and a new 300 KLPD ethanol plant at Kalahandi District, Odisha, has been approved at an estimated cost of ₹350 crore. The company also operates 3.6 MW of captive solar power. Raw materials — fish/shrimp and grains — are the largest cost at 64.8% of revenue, followed by other operating expenses at 26.6% and employee costs at 2.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Seafood processing and exports, Ethanol (Coastal Biotech). Cyclical seafood exporter with growing grain-ethanol subsidiary
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 491 | 353 | 436 | 628 | 971 |
| EBITDA (ex other income) | 16 | 20 | 28 | 31 | 60 |
| margin % | 3.3 | 5.6 | 6.5 | 4.9 | 6.2 |
| Owners' profit | 14 | 0 | 0 | 4 | 0 |
| EPS, as reported (₹) | 12.55 | 5.69 | 3.41 | 0.67 | 3.98 |
| ROE % · ROCE % | 6.6 · 10.8 | 2.7 · 7.8 | 1.7 · 6.0 | 1.7 · 7.8 | 9.4 · 16.6 |
| Debt / equity (x) | 0.84 | 0.72 | 1.28 | 1.56 | 1.69 |
| Cash from operations | 27 | 26 | (66) | 3 | (20) |
| Capex | (6) | (122) | (9) | (4) | (147) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 155 | 184 | 157 | 184 | 160 | 303 | 325 | 254 |
| Profit before tax | 1 | 2 | 0 | 8 | 7 | 7 | 13 | 14 |
| Net profit | 1 | 2 | (1) | 6 | 4 | 7 | 10 | 12 |
| EPS (₹) | 0.38 | 1.46 | (0.15) | 0.86 | 0.55 | 2.12 | 1.48 | 1.73 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| APEX FROZEN FOODS LIMITED | 1,027 | 20.0 | 1.95 | — | 7.4 | 9.8 | — | 12.9 |
| SHARAT INDUSTRIES LTD. | 623 | 39.0 | 4.03 | 18.8 | 10.3 | 11.8 | — | 3.6 |
| COASTAL CORPORATION LTD ◆ | 230 | 5.8 | 0.81 | 8.0 | 9.4 | 8.3 | 15.4 | 11.5 |
| WATERBASE LTD. | 182 | — | 1.29 | — | (10.4) | (13.5) | 10.6 | (1.3) |
| KINGS INFRA VENTURES LIMITED | 153 | 10.5 | 1.77 | 7.2 | 18.5 | 18.3 | — | 16.8 |
| Zeal Aqua Limited | 131 | 9.3 | 1.27 | — | 13.7 | 16.2 | — | 6.6 |
| ESSEX MARINE LIMITED | 76 | 10.8 | — | — | — | 15.7 | — | — |
| NCC BLUE WATER PRODUCTS LTD. | 20 | 7.1 | 1.39 | — | 19.5 | 23.1 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 5.8 | 10.5 | 1 of 7 | 100% |
| P/B | 0.8 | 1.6 | 1 of 8 | 100% |
| ROCE | 8.3 | 12.3 | 8 of 9 | 13% |
| ROE | 9.4 | 12.0 | 6 of 8 | 29% |
| Debt / Equity | 1.7 | 0.9 | 6 of 8 | 29% |
| EBITDA margin | 11.5 | 6.6 | 3 of 7 | 67% |
| Revenue growth | 38.2 | 3.9 | 2 of 7 | 83% |
| Profit growth | 101.1 | (0.2) | 2 of 8 | 86% |
| Market cap | 230 | 153 | 3 of 9 | 75% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · Quarterly compliance certificate for dematerialisation of shares | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 17 Sept 2026 · Credit rating upgraded from CARE D to CARE B+ with stable outlook | credit debt | medium | — | — |
| 28 Aug 2026 · Coastal Corporation 45th AGM voting results - all 7 resolutions passed | compliance | minimal | — | — |
| 27 Aug 2026 · Coastal Corp 45th AGM: 14 percent final dividend approved, key director changes | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Coastal Corp 45th AGM: Rs 0.28 dividend declared, new directors appointed | board shareholder meetings | medium | — | — |
| 20 Aug 2026 · Coastal Corp subsidiary gets additional 4,310 KL ethanol allocation from OMCs | business updates | medium | — | — |
| 8 Aug 2026 · Company clarifies on credit rating revision and repayment dates | credit debt | medium | — | — |
| 7 Aug 2026 · CARE downgrades Coastal Corporation bank facilities to CARE D from CARE BB | credit debt | medium | — | — |
| 5 Aug 2026 · Coastal Corporation publishes 45th AGM notice in newspapers | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.