Coastal Roadways Limited

Industrials — Trucking · BSE

₹20.79₹0.00 (0.00%)

DalalBaazaar Score

50 / 100

🟡 Moderate

Verdict

NEUTRAL

Risk

Moderate

Driven by micro-cap size, which brings thin liquidity.

In simple words: The business is earning a fairly low return on the money invested in it, with modest growth. Nothing obvious stands out as stretched — the usual checks on business quality and management still apply.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:02 pm

Understanding the Business

Company site ↗

The 60-second version of Coastal Roadways Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Coastal Roadways Limited provides road transportation of goods and logistics services in India. It operates through Freight and Supply Chain Solutions segments. The company offers full truck load, part loads, over-dimensional cargo, and containerized cargo services.

IndustryTrucking

SectorIndustrials

Employees46

Annual revenue₹41 Cr

How does it make money?

Turns over ₹41 Cr a year. Of every ₹100 of sales, about ₹4 reaches shareholders as profit, with ₹9 left at the operating level before interest, tax and depreciation. Each of its 46 employees supports ₹89.9 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹89.9 lakh

Who are its competitors?

The closest listed comparisons in its industry are LARSEN & TOUBRO LTD., SIEMENS LTD, ABB INDIA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 7.8% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE15.2%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved +6% while net margin moved -70% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+6%

Margin effect-70%

DalalBaazaar Score

50/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Revenue CAGR of only 2.0% — barely ahead of inflation
✗ Profit has declined at 32.0% a year

Quality vs. Valuation

Company Quality

44/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

81/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

Optically cheap, but the underlying business scores poorly. Cheap-and-weak is what a value trap looks like from the outside — the low price may be deserved.

Historical Valuation

Current P/E

5.2x

3Y Median

4.4x

40 monthly readings · mean 5.5x · range 1.8x–11.2x

Sector Median

88.8x

median of 3 sector peers

⚠️Current valuation is approximately 17% above its 3y median of 4.4x. Paying more than usual needs a reason — faster growth, a better balance sheet, or a re-rating you believe in.

🟢Against its sector it trades 94% below the peer median of 88.8x.

vs. its own history

Fair

4.4x median over 40 months · +17%

vs. sector peers

Cheap

88.8x median of 3 peers · -94%

vs. generic bands

Cheap

Below 15x

EV/EBITDA

1.7x

PEG

0.54

What's Good / What's Bad

🟢 What's Going Well3

Margins are improving
EBITDA margin is up from 5.0% to 9.0% over 3 years.
Cash generation is improving
Free cash flow is up 59% over 3 years.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention2

Return on equity is falling
ROE has dropped from 27.0% to 6.2% — each rupee of shareholder capital earns less than it did.
Return on capital is falling
ROCE has declined from 25.8% to 7.8% — often a sign of competition or overexpansion.

Red Flags

1 item require attention · 1 watch

🟡Profit is decliningFinancial
Net profit is down 68% over 3 years.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Margin expansion has further to run
EBITDA margin has risen from 5.0% to 9.0%. If that holds, profit compounds faster than sales and today's multiple looks cheaper in hindsight than it does now.
Cheaper than its peers
It trades 94% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Growth barely outpaces inflation
Revenue compounding at 2.0% a year is close to the rate prices rise, so the business is gaining little ground in real terms. That leaves the share price dependent on a re-rating rather than on earnings growth.
Returns on shareholder capital are falling
ROE has dropped from 27.0% to 6.2%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 7%✓ 9.0%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Revenue growth stays above 4% a year✗ 2.0% CAGR
Latest reported year was 2.7%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
3Free cash flow remains positive✓ ₹0 Cr
Profit that never becomes cash eventually stops being profit.
4ROCE stays above 8%✗ 7.8%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.
5Valuation vs its own median of 4.4x✓ 5.2x today
A re-rating above its own history needs a reason; without one it is just a higher price.

Investment Checklist

6 / 10 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

4 good · 5 neutral · 2 weak

Market Cap

₹9 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

5.2x

Cheap

Cheap against the generic band

P/B Ratio

0.35x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹4

Profitable

Profitable on a per-share basis

ROE

6.2%

Weak

Weak capital efficiency

ROCE

7.8%

Weak

Low return on total capital employed

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

2.7%

Modest

Modest growth

Profit Growth (YoY)

9.7%

Modest

Slow profit growth

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹0 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

1.8%

Weak

Thin margins leave little room for error

Net Margin

3.9%

Average

Average bottom-line conversion

Current Ratio

7.90

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.63

Defensive

Steadier than the market

52W Range Position

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

22.0 / 23.7

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

19.1

Oversold zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹39 Cr	₹38 Cr	₹41 Cr	₹41 Cr	+2.0%
EBITDA	₹2 Cr	₹2 Cr	₹3 Cr	₹4 Cr	+23.8%
EBITDA Margin	5.0%	6.4%	8.4%	9.0%	—
PAT (Net Profit)	₹5 Cr	₹4 Cr	₹1 Cr	₹2 Cr	-32.0%
EPS	₹11.89	₹8.71	₹3.5	₹3.8	-31.6%
ROE	27.0%	16.5%	6.3%	6.2%	—
ROCE	25.8%	17.6%	8.7%	7.8%	—
Total Debt	₹1 Cr	₹0 Cr	₹0 Cr	—	—
Free Cash Flow	₹0 Cr	-₹2 Cr	₹2 Cr	₹0 Cr	+16.8%

🟡 Revenue has been broadly flat over 3 years (2.0% a year).

🟢 EBITDA has grown at 23.8% a year over 3 years.

🟢 EBITDA Margin has risen from 5.0% to 9.0% over 3 years (+4.0 pts).

🔴 PAT (Net Profit) has shrunk at 32.0% a year over 3 years.

🔴 EPS has shrunk at 31.6% a year over 3 years.

🔴 ROE has fallen from 27.0% to 6.2% over 3 years (-20.8 pts).

🔴 ROCE has fallen from 25.8% to 7.8% over 3 years (-17.9 pts).

🟢 Free Cash Flow has grown at 16.8% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹28 Cr

Total Liabilities

₹3 Cr

Cash & Equivalents

₹2 Cr

Operating Cash Flow

₹2 Cr

Capex

-₹2 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

76.2%

Corporate Actions

Ex-Dividend Date

19 Jul 2012

Peer Comparison

Company	P/E	ROE
LARSEN & TOUBRO LTD.	30.1x	15.2%
SIEMENS LTD	88.8x	10.5%
ABB INDIA LIMITED	92.6x	19.1%

Recent News

1 positive1 mixed4 general

Coastal Roadways Ltd. Peer Comparison – Compare with Others

Value Research, 04 Sept

Coastal Roadways Ltd. Financials – Balance Sheet, Profit & Loss, Cash Flow

Value Research, 29 Aug

‘Lifeline for North Mumbai’: Goyal sets deadline for Bandra-Versova-Bhayander Coastal Road project

The Economic Times, 06 Aug

Ayushman Infratech reports standalone net loss of Rs 0.15 crore in the June 2026 quarter

Business Standard, 13 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

COASTAL ROADWAYS LTD. Share Price

Upstox, 04 Apr

CSL Finance standalone net profit rises 2.32% in the March 2026 quarter

Business Standard, 26 MayResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Watch Items

Trading very close to its 52-week low — worth checking whether this reflects a temporary setback or a structural problem.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.
RSI is in oversold territory — could mean either a bargain or a stock still falling for good reason. Check the 'why' before assuming reversal.

DalalBaazaar Thesis

StrongFinancial Health · Valuation

MiddlingRisk

WeakBusiness Quality · Growth · Profitability

Points for each in the Score ↑

Cheap, but for a reason

The low price is the whole case here, and the business underneath scores poorly. Cheap-and-weak is what a value trap looks like from the outside — it needs a specific reason the numbers are about to improve, not just the observation that they are low.

2 of 5 tripwires tripped — Revenue growth stays above 4% a year; ROCE stays above 8% · see Key things to watch ↑