Market Price: 37/-
 
This seafood processing company has been exporting marine products under Coastal Gold, Coastal Premium brands. It is also in the deep-sea fishing activity through Continental Fisheries India Pvt Ltd, a subsidiary company. To import aqua foods from the US and market them in the Indian market, Coastal had set up a separate firm, See Crest See Foods Inc, in the US. The beauty in this company is its minuscule equity of Rs 2.54 Cr over which the promoters have total control by holding shares directly (32.18%) or indirectly.
 
In the first half of 2016-17, its consolidated net profit has increased to Rs 6.17 Cr from Rs 4.53 Cr earned in the same period a year-ago. It is almost equal to the 2014-15’s full year consolidated net earnings of Rs 6.83 Cr.
 
The book value of the share of Rs 10 (FV) was Rs 203 as on Sep 2016. It is a zero-debt company. Coastal Corporation, which had got relisted in August 2015 paid Rs 1.50 or 15% dividend per share for 2014-15. Following a 1:1 bonus issue in 2015-16, the equity increased from Rs 1.27 Cr to Rs 2.54 Cr. Even on the increased share capital, it has maintained the same 15% dividend. The stock will give attractive returns.

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