Coastal Corporation Limited

Seafood processing and export company with a focus on shrimp products.

1981 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated:

Coastal Corporation Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 13.46 Cr
  • Company Age 43 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 370.66 Cr
  • Satisfied Charges ₹ 102.54 Cr
  • Revenue Growth -26.40%
  • Profit Growth -40.26%
  • Ebitda 18.05%
  • Net Worth 19.83%
  • Total Assets 10.30%

About Coastal Corporation

Coastal Corporation Limited (CCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 May 1981 and has a history of 43 years and 11 months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 501831 and on the National Stock Exchange(NSE) under COASTCORP.

The Corporate was formerly known as Coastal Trawlers Private Limited. The Company is engaged in the Food And Beverages Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 13.46 Cr.

The company currently has active open charges totaling ₹370.66 Cr. The company has closed loans amounting to ₹102.54 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Coastal Corporation Limited India are Swaroopa Meruva as COMPANY SECRETARY and Ganta Veeravenkata as Cfo. Emandi Rao, Venkateswara Kamireddi, Venkata Malakapalli, and Four other members serve as directors at the Company.

Company Details

  • Location

    Visakhapatnam, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L63040AP1981PLC003047

  • Company No.

    003047

  • Stock Symbol

    BSE : 501831 NSE : COASTCORP

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 May 1981

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Vijayawada

Industry

Food and Beverages
Company report

Coastal Corporation Limited

Explore comprehensive data for Coastal Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Coastal Corporation?

Executive Team (3)

NameDesignationAppointment DateStatus
Swaroopa Meruva Company SecretaryCurrent
Ganta Veeravenkata Country flag representing In CFOCurrent
Valsaraj Thottoli Country flag representing In Managing Director30-May-1981Current

Board Members (5)

NameDesignationAppointment DateStatus
Venkateswara Kamireddi Country flag representing In Director 01-Oct-2004Current
Emandi Rao Country flag representing In Director 01-Jul-2021Current
Venkata Malakapalli Country flag representing In Director 14-Sep-2015Current
Jeeja Valsaraj Country flag representing In Director 01-Oct-2004Current
Pandithacholanaloor Kalyanaraman Country flag representing In Director 13-Feb-2018Current

Financial Performance of Coastal Corporation.

Coastal Corporation Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 26.4% decrease. The company also saw a substantial fall in profitability, with a 40.26% decrease in profit. The company's net worth Soared by an impressive increase of 19.83%.

Coastal Corporation revenue growth over time
Coastal Corporation profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-26.40%
Revenue from Operations
-26.88%
Total Assets
10.30%
Profit or Loss
-40.26%
Net Worth
19.83%
EBITDA
18.05%

What is the Ownership and Shareholding Structure of Coastal Corporation?

In 2021, Coastal Corporation had a promoter holding of 36.12% and a public holding of 63.88%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹370.66 Cr

Satisfied Charges

₹102.54 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 172.02 Cr
  • Bank Of India : 150.33 Cr
  • Axis Bank Limited : 31.45 Cr
  • Others : 16.00 Cr
  • President Of India Ministry Of Finance : 0.85 Cr
  • Others : 0.01 Cr

Latest Charge Details

DateLenderAmountStatus
29 May 2024Others₹16.00 CrOpen
13 Feb 2024Hdfc Bank Limited₹9.18 MOpen
27 Dec 2022Bank Of India₹9.40 MOpen
26 Dec 2022Axis Bank Limited₹6.45 CrOpen
28 Nov 2022Hdfc Bank Limited₹1.03 CrOpen

How Many Employees Work at Coastal Corporation?

Coastal Corporation has a workforce of 746 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Coastal Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Coastal Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Coastal Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Coastal Corporation

Recent activity within the organization

  • Annual General Meeting

    Coastal Corporation Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 16.00 Cr with Charge ID 100929661 was registered on 29 May 2024.

  • Balance Sheet

    Coastal Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.92 Cr with Charge ID 100906745 was registered on 13 Feb 2024.

  • Charges

    A charge registered on 15 Jul 2023 via Charge ID 100758059 with Bank Of India was fully satisfied on 02 Dec 2023.

  • Charges

    A charge registered on 15 Oct 2013 via Charge ID 10454100 with Kotak Mahindra Bank Limited was fully satisfied on 10 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Coastal Corporation Limited?

    Coastal Corporation Limited was incorporated on 30 May 1981.

  • What is authorized share capital and paid-up capital of Coastal Corporation Limited?

    The authorized share capital of Coastal Corporation Limited is ₹ 25.00 Cr and paid-up capital is ₹ 13.46 Cr.

  • Who are the current board members & directors of Coastal Corporation Limited?

    Currently 9 directors are associated with Coastal Corporation Limited.

    • Swaroopa Meruva
    • Ganta Satyanarayana Veeravenkata
    • Emandi Sankara Rao
    • Venkateswara Rao Kamireddi
    • Venkata Suryanarayana Malakapalli
    • Ganta Satyanarayana Veeravenkata
    • Valsaraj Thottoli
    • Jeeja Valsaraj
    • Pandithacholanaloor Ramaswamy Kalyanaraman

  • What is the registered address of Coastal Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Coastal Corporation Limited is Coastal One Plot No. 1 Balaji Nagar 3Rd 4Th Floor Door 8-1-5/4 Siripuram, India, Visakhapatnam (Urban), Andhra Pradesh, 530003.

  • What is the corporate identification number (CIN) and company number of Coastal Corporation Limited?

    The corporate identification number (CIN) of Coastal Corporation Limited is L63040AP1981PLC003047 and the company number is 003047 as per Ministry of Corporate Affairs (MCA).

  • Is Coastal Corporation Limited registered with any stock exchange in India?

    Yes, Coastal Corporation Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): COASTCORP.

  • What is the official website of Coastal Corporation Limited?

    The Official website of Coastal Corporation Limited is https://www.coastalcorp.co.in

  • What has been the recent revenue trend for Coastal Corporation Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Coastal Corporation Limited has fallen by -26.40%.

  • How many employees does Coastal Corporation Limited currently have?

    As Per 2023 financial reports, 746 employees are currently employed by Coastal Corporation Limited.

  • What change has been observed in the net worth of Coastal Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Coastal Corporation Limited has experienced an upsurge of 19.83%.

  • What are the total open charges for Coastal Corporation Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Coastal Corporation Limited amount to ₹ 370.66 Cr.

  • When was the last Balance Sheet of Coastal Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Coastal Corporation Limited was filed with the ROC on 31 Mar 2024.

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