Coastal Corporation Limited (COASTCORP)
₹36.59 +0.16% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Coastal's revenue was ₹254 Cr (+38.2% year on year, -21.8% on the previous quarter), and net profit ₹11.6 Cr (+100.9% year on year); the operating margin was 8.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹254 | +38.2% | -21.8% |
| Operating profit | ₹20.9 | +29.8% | +29.3% |
| Net profit | ₹11.6 | +100.9% | +16.9% |
| EPS (₹) | 1.73 | +101.2% | +16.9% |
| Operating margin | 8.2% | — | — |
COASTCORP delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 54.9% of the COASTCORP shares traded on NSE were taken to delivery, against the stock's own 20-session average of 62.88%. That is close to its usual level. Turnover was only ₹14 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 53.0% · 58.0% · 69.4% · 73.1% · 54.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
CARE Ratings has upgraded Coastal Corporation Limited's credit rating across ₹341.78 crore of bank facilities out of default ('CARE D'). Long-term facilities of ₹68.28 crore were upgraded to 'CARE B+; Stable', while long-term/short-term facilities of ₹273.50 crore were revised to 'CARE B+; Stable / CARE A4'. The upgrade follows operational and financial reviews for FY26 (revenue ₹848.81 crore) and Q1FY27. This transition away from default status signals restoring credit regularisation on bank debt totaling 111.7% of existing reported debt (₹306 crore).
- CARE upgraded ₹68.28 crore of long-term bank facilities from 'CARE D' to 'CARE B+; Stable'
- Long-term/short-term facilities of ₹273.50 crore upgraded from 'CARE D / CARE D' to 'CARE B+; Stable / CARE A4'
- Total bank facilities covered under the rating revision amount to ₹341.78 crore
- Term loan repayments include 36 monthly installments starting January 2027 for Bank of India (₹29.60 cr) and Union Bank of India (₹25.94 cr)
Coastal Corporation Limited announced the scrutinizer report and voting results for its 45th Annual General Meeting held on August 27, 2026. All 7 resolutions were approved by shareholders with near-unanimous majorities. Key approvals include the adoption of FY26 audited financial statements, declaration of a final dividend of ₹0.28 per share (14% on face value of ₹2), approval of related party transactions, and director appointments.
- All 7 resolutions approved with over 99.99% votes in favor
- Final dividend of ₹0.28 per equity share (14% on nominal value of ₹2) approved for FY26
- Re-appointment of Dr Emandi Sankara Rao and appointment of Mr. N S Narayan Rao as Independent Directors approved
- Approval granted for related party transactions entered by the company
Coastal Corporation Limited conducted its 45th Annual General Meeting on August 27, 2026. Key agenda items transacted included the adoption of FY26 financial statements, approval of a final dividend of Rs 0.28 per equity share (14% on face value of Rs 2), and approval of related party transactions. The company also placed the re-appointment of Independent Director Dr. E. Sankara Rao, appointment of Mr. N.S. Narayan Rao as Independent Director, and appointment of Ms. Vineesha Valsaraj (holding 25,10,665 equity shares) as Non-Executive Non-Independent Director before shareholders. Detailed e-voting results will be filed separately.
- Deliberated final dividend of Rs 0.28 per share (14% on face value of Rs 2/- each) for FY26.
- Transacted 7 agenda resolutions across ordinary business, related party transactions, and board appointments.
- Appointed Ms. Vineesha Valsaraj (holding 25,10,665 equity shares) as Non-Executive Non-Independent Director.
- Remote e-voting took place from August 24 to August 26, 2026, alongside voting at the AGM.
Coastal Corporation Limited's wholly owned subsidiary, Coastal Biotech Private Limited, has received an incremental allocation of 4,310 Kilo Litres (KL) of ethanol for supply to Oil Marketing Companies (OMCs—BPCL, IOCL, and HPCL). The supply is scheduled for Q4 of Ethanol Supply Year (ESY) 2025-26 under the Ethanol Blended Petrol Programme (EBPP). This incremental order supports the company's ongoing ramp-up of its grain-based ethanol facility and revenue diversification beyond seafood exports.
- Incremental allocation of 4,310 Kilo Litres (KL) ethanol awarded to subsidiary Coastal Biotech Private Limited
- Supply designated for Q4 of Ethanol Supply Year (ESY) 2025-26
- Allocated by domestic OMCs: BPCL, IOCL, and HPCL under the Ethanol Blended Petrol Programme (EBPP)
Coastal Corporation Limited (COASTCORP) has issued a clarification regarding its debt repayment history following a recent credit rating revision. The company's banker, DBS Bank, confirmed that several apparent delays in 2025 and early 2026 were due to manual processing and value-dating by the bank rather than fund shortages. However, the bank noted two instances in April and May 2026 where repayments were delayed by approximately 8-9 days because MTM/FCY movements caused working capital limits to be exceeded, triggering system blocks. The bank currently classifies the account conduct as satisfactory with no observed stress.
- DBS Bank confirmed no observed stress in any facilities as of August 8, 2026.
- Repayment for March 2026 was delayed until April 8, 2026, due to MTM/FCY movements exceeding limits.
- Repayment for April 2026 was delayed until May 7, 2026, due to similar system-related processing issues.
- Company maintains a Debt-to-Equity ratio of 1.02 with total debt of Rs 306 Cr.
- Clarification covers five specific dates between May 31, 2025, and May 7, 2026.
CARE Ratings has downgraded Coastal Corporation Limited's credit rating to 'CARE D' (Default) from 'CARE BB; Stable'. The downgrade covers ₹341.78 crore in bank facilities, including ₹68.28 crore in term loans and ₹273.50 crore in working capital limits. The rating agency cited the company's FY26 operational performance and delays in the FY26 annual report as primary reasons for the action. With a total debt of ₹306 crore nearly matching its net worth of ₹301 crore, the default rating indicates severe liquidity and solvency concerns.
- Total bank facilities downgraded to 'CARE D' amount to ₹341.78 crore
- Long-term bank facilities of ₹68.28 crore downgraded from CARE BB; Stable
- Short-term/Long-term fund-based limits of ₹273.50 crore downgraded to CARE D
- Rating action triggered by FY26 performance and delays in releasing the FY26 annual report
- Total rated debt represents approximately 118% of the company's current market capitalization of ₹290 crore
Coastal Corporation has scheduled its 45th Annual General Meeting (AGM) for August 27, 2026, to approve FY26 financials and a proposed dividend of ₹0.28 per share (14% of face value). The company reported a significant revenue jump to ₹849 Cr in FY26 from ₹618.8 Cr in FY25, driven by its new ethanol plant and seafood exports. Key agenda items include the re-appointment of Dr. Emandi Sankara Rao as an Independent Director for a second 5-year term and approval for related party transactions for FY27. The company remains highly leveraged with a Debt-to-Equity ratio of 1.02.
- Proposed dividend of ₹0.28 per share for FY 2025-26, representing 14% of the ₹2 face value.
- 45th Annual General Meeting scheduled for August 27, 2026, via Video Conferencing.
- TTM Revenue reached ₹849 Cr, a 37% increase over FY25 revenue of ₹618.76 Cr.
- Re-appointment of Dr. Emandi Sankara Rao as Independent Director for a 5-year term starting June 30, 2026.
- Credit loss provision policy established at 1% for receivables past due by more than 90 days.
Coastal Corporation Limited has announced August 20, 2026, as the record date for determining shareholder eligibility for the final dividend of FY26. The 45th Annual General Meeting (AGM) is scheduled for August 27, 2026, to be held via video conferencing. This follows a profitable FY26 where the company reported a net profit of Rs 23.44 Cr and an EPS of Rs 3.50. The dividend payout is subject to shareholder approval during the upcoming AGM.
- Record date for final dividend eligibility is fixed for August 20, 2026.
- 45th Annual General Meeting to be held on August 27, 2026, at 10:00 A.M.
- Dividend pertains to the financial year ended March 31, 2026, where revenue reached Rs 848.81 Cr.
- The company maintains a debt-to-equity ratio of 1.02 with a net worth of Rs 301 Cr as per latest context.
Coastal Corporation Limited (COASTCORP) reported a strong performance for Q1 FY27, with consolidated revenue rising 41.6% YoY to ₹262.15 Cr. Net profit surged 101% YoY to ₹11.57 Cr, compared to ₹5.76 Cr in the same period last year. The company has fixed August 20, 2026, as the record date for its final dividend. Additionally, the board approved registration with the Food Corporation of India (FCI) as a trader to facilitate grain procurement for its ethanol operations.
- Consolidated Revenue from operations increased to ₹262.15 Cr in Q1 FY27 from ₹185.14 Cr in Q1 FY26.
- Net Profit for the quarter doubled to ₹11.57 Cr, representing a significant margin improvement.
- Auditors highlighted a non-provision of ₹25.00 Cr impairment loss related to the US subsidiary, Seacrest Seafoods Inc.
- Record date for final dividend for FY26 is set for August 20, 2026.
- Board approved registration as a trader with FCI for procurement of rice and other food grains.
Coastal Corporation reported a strong performance for Q1 FY27, with consolidated revenue rising 41.6% YoY to Rs 262.15 Cr. Net profit doubled to Rs 11.57 Cr from Rs 5.76 Cr in the year-ago period, reflecting improved operational efficiency. The company has fixed August 20, 2026, as the record date for its final dividend. Strategically, the board approved registering as a trader with the Food Corporation of India (FCI) to facilitate grain procurement for its ethanol business.
- Consolidated Revenue from operations grew 41.6% YoY to Rs 262.15 Cr in Q1 FY27.
- Net Profit increased by 100.8% YoY to Rs 11.57 Cr compared to Rs 5.76 Cr in Q1 FY26.
- Record date for final dividend for FY26 fixed as August 20, 2026.
- Auditors issued a qualified opinion regarding the non-provision of a Rs 25.00 Cr impairment loss in the US subsidiary, Seacrest Seafoods Inc.
- Board approved registration as an FCI trader for procurement of rice and food grains for the ethanol segment.
Coastal Corporation Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited, confirmed that no requests for dematerialization of equity shares were received during the period from April 1, 2026, to June 30, 2026. This is a standard procedural filing with no impact on the company's financial health or operations, which currently see a TTM revenue of Rs 849 Cr.
- Zero (0) dematerialization requests were received during the quarter ended June 30, 2026.
- The reporting period spans from April 1, 2026, to June 30, 2026.
- The certificate was issued by Bigshare Services Private Limited, the company's RTA.
- The filing confirms compliance with SEBI (Depositories and Participants) Regulations, 2018.
Coastal Corporation Limited has announced the closure of its trading window for all designated persons starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure precedes the declaration of un-audited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially announced. This is a standard procedural filing and does not impact the company's operational fundamentals.
- Trading window closure effective from July 1, 2026
- Pertains to the Un-Audited financial results for the 1st Quarter ended June 30, 2026
- Window to remain closed until 48 hours post-result declaration
- Company recently reported a high quarterly revenue of Rs 324.67 Cr in Mar 2026
Coastal Corporation Limited reported a total income of ₹970.65 Cr for FY 2025-26, with the core seafood business contributing ₹728.75 Cr and the new ethanol segment adding ₹241.90 Cr. The ethanol business, operated via subsidiary Coastal Biotech, demonstrated superior profitability with a 10.40% EBITDA margin compared to 4.85% in the seafood segment. Total Profit After Tax (PAT) reached ₹26.65 Cr, notably driven by the ethanol division which contributed ₹13.79 Cr. The company is successfully diversifying from seafood exports into India's clean energy ethanol blending program.
- Total consolidated income for FY 2025-26 reached ₹970.65 Cr across seafood and ethanol segments.
- Ethanol segment EBITDA margin of 10.40% significantly outperformed the seafood segment's 4.85% margin.
- The 198 KLPD grain-based ethanol plant in Odisha contributed ₹13.79 Cr to the total PAT of ₹26.65 Cr.
- Seafood processing infrastructure includes three units in Andhra Pradesh with specialized IQF and cooking capacities up to 25 MTPD.
- Company maintains a 3.6 MW captive solar power plant in Andhra Pradesh to support sustainable operations.
Coastal Corporation Limited has recommended a final dividend of ₹0.28 (14%) per share for FY 2025-26. The company announced a major strategic diversification into ethanol manufacturing with a ₹350 crore project in Odisha. However, the standalone financial results received a qualified opinion from auditors due to a non-provision of ₹30.1 crore for impairment in its US-based subsidiary. The board also approved several management changes, including the appointment of the Managing Director's daughter as a non-independent director.
- Recommended a final dividend of ₹0.28 per equity share of ₹2 each for FY 2025-26.
- Approved setting up a 300 KLPD Ethanol Manufacturing Plant in Odisha at an estimated cost of ₹350 crores.
- Auditors issued a qualified opinion on standalone results regarding a ₹30.1 crore non-provision for impairment in Seacrest Seafoods Inc.
- Appointed Ms. Vineesha Valsaraj (MD's daughter) and Mr. N. S. Narayan Rao as Additional Directors.
- Consolidated financial results received an unmodified audit opinion, unlike the standalone results.
Coastal Corporation Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter group, led by Managing Director Thottoli Valsaraj, confirmed that no shares were encumbered or pledged, directly or indirectly, during the fiscal year. As of March 31, 2026, the total number of pledged shares by the promoter group remains at nil. This annual declaration provides transparency regarding the stability of the promoter's holding in the company.
- Promoter group confirms zero encumbrance of shares for the financial year ended March 31, 2026.
- Compliance filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
- Declaration covers the entire promoter and promoter group of Coastal Corporation Limited.
- The filing confirms that no new pledges were created and existing encumbrances remain at nil.
Financial Performance
Revenue Growth by Segment
Marine Products revenue reached INR 612.99 Cr in FY25, representing a 44.8% increase from INR 423.36 Cr in FY24. Solar power remains a minor segment, while the new Ethanol segment via Coastal Bio-Tech Pvt Ltd has commenced operations.
Geographic Revenue Split
The USA is the primary market, contributing approximately 85% of total revenue. Other export destinations include China, South Korea, Japan, and Russia.
Profitability Margins
Net Profit Margin declined to 1.21% in FY25 (INR 7.40 Cr profit) from 1.93% in FY24 (INR 8.17 Cr profit). Profit Before Tax (PBT) fell 11.1% YoY to INR 10.28 Cr.
EBITDA Margin
EBITDA margin decreased to 7.11% in FY25 from 9.11% in FY24, primarily due to higher raw material costs and the impact of US countervailing duties on realizations.
Capital Expenditure
Significant historical CAPEX was directed toward the grain-based ethanol plant under Coastal Bio-Tech Pvt Ltd, which is now fully operational and selling to OMCs.
Credit Rating & Borrowing
The credit rating was revised/downgraded to CARE BB; Stable / CARE A4 in March 2025 from CARE BBB-; Stable / CARE A3 in January 2024. Finance costs rose 40.8% YoY to INR 21.10 Cr due to increased working capital borrowings.
Operational Drivers
Raw Materials
Raw Shrimp and other marine products represent the primary raw materials, accounting for 75.2% of total revenue at INR 460.78 Cr in FY25.
Import Sources
Raw materials are primarily sourced domestically from aquaculture zones in Andhra Pradesh, India.
Key Suppliers
Sourcing is conducted through a network of local aquaculture farmers and agents in the coastal regions of Andhra Pradesh.
Capacity Expansion
The grain-based ethanol plant is now fully operational. Seafood processing capacity is established in prime aquaculture zones to maintain a geographical sourcing advantage.
Raw Material Costs
Raw material costs increased 45.5% YoY to INR 460.78 Cr in FY25, tracking the 44.8% growth in revenue.
Manufacturing Efficiency
The ethanol plant is reported as fully operational and selling to OMCs; seafood processing efficiency is supported by proximity to raw material sources.
Logistics & Distribution
Other expenses, including freight and distribution, rose 100.6% YoY to INR 68.42 Cr, representing 11.2% of total revenue.
Strategic Growth
Expected Growth Rate
30%
Growth Strategy
Growth will be driven by scaling the new grain-based ethanol plant to fulfill contracts with Oil Marketing Companies (OMCs) and diversifying seafood exports into Russia and Japan to mitigate the 85% revenue concentration in the USA.
Products & Services
Frozen shrimp, processed seafood, grain-based ethanol, and solar power.
Brand Portfolio
Seacrest Seafoods (USA subsidiary).
New Products/Services
Grain-based ethanol production has commenced, targeting the fuel blending market with expected significant revenue contribution in FY26.
Market Expansion
Targeting expansion in Russia and Japan to diversify the export base and reduce vulnerability to US trade policies.
External Factors
Industry Trends
The seafood industry is seeing a shift toward processed products, while the ethanol industry is growing due to government mandates for 20% blending by 2025-26.
Competitive Landscape
Intense competition from both large and small domestic players, as well as international exporters from South-East Asia.
Competitive Moat
The company possesses a durable advantage through the extensive experience of its promoters and its strategic location in India's primary aquaculture hub, ensuring stable raw material access.
Macro Economic Sensitivity
Highly sensitive to global trade policies, US-India economic relations, and domestic fuel blending mandates.
Consumer Behavior
Global consumer trends are shifting toward convenient, processed, and frozen seafood options in Western markets.
Geopolitical Risks
Trade barriers, such as the imposition of countervailing duties by the US, pose a significant risk to the core export business.
Regulatory & Governance
Industry Regulations
Operations are subject to stringent international quality standards for seafood exports and US-imposed trade duties (CVD).
Environmental Compliance
The ethanol plant is a key ESG initiative, aligning with national renewable energy goals and providing a sustainable revenue stream.
Taxation Policy Impact
The effective tax rate for FY25 was approximately 28%, with a current tax provision of INR 2.00 Cr on PBT of INR 10.28 Cr.
Legal Contingencies
The company is contesting FPPCA (Fuel Surcharge Adjustment) electricity charges; monthly payments are being made and charged to the P&L as a precautionary measure.
Risk Analysis
Key Uncertainties
Climatic conditions and disease outbreaks in aquaculture could impact raw material supply by up to 30% in a severe season.
Geographic Concentration Risk
85% of revenue is concentrated in the USA, creating extreme vulnerability to US trade policy shifts.
Third Party Dependencies
High dependency on US-based importers for seafood sales and local farmers for raw material procurement.
Technology Obsolescence Risk
Low risk in seafood processing; the ethanol division must maintain process efficiency to remain competitive for OMC tenders.
Credit & Counterparty Risk
Auditors noted no material uncertainty regarding the realization of financial assets or the company's ability to meet liabilities within one year.
