About Coastal Projects Limited
Data last updated:
Coastal Projects Limited is a public limited company based in Khurda, Odisha, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 01 May 1995.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45203OR1995PLC003982. Its GSTIN is 11AABCC1907E1ZI (Sikkim). The company holds 22 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹750 Cr and a paid-up capital of ₹330.94 Cr. It is led by directors including Harihara Rao Garapati (Managing Director) and Sabbineni Babu Surendra.
Its last annual general meeting (AGM) was held on 30 December 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Plot No 237 2nd Floor Bapuji Nagar Bhubaneswar India, Khurda, Odisha, India – 751009.
As per the financials filed for FY 2017, the company reported a revenue of ₹1,297.86 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.41 Cr (net margin 0.2%) and EBITDA of ₹519.57 Cr (EBITDA margin 40%).
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand: Coastal Projects. As per MCA filings, the company has open charges of ₹12,557 Cr and satisfied charges of ₹781.23 Cr on record. Court records list 721 cases involving the company, including 161 filed by the company and 561 filed against it; 153 cases are pending. The company has 19 deals on record (10 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹515.35 Cr; the latest was in March 2016. Its 6 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 5 larger and 1 smaller; the largest is Corrtech International Limited with revenue of ₹1,130.28 Cr.
The last known website on record is coastalprojects.co.in.
Company details
CIN history
Coastal Projects has one previous CIN (Corporate Identification Number): U63011OR1995PTC003982. The current CIN is U45203OR1995PLC003982, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203OR1995PLC003982 | Current |
| U63011OR1995PTC003982 | Previous |
Contact details
Coastal Projects Limited's registered office is in Khurda, Odisha. Its website is coastalprojects.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 237 2nd Floor Bapuji Nagar Bhubaneswar India, Khurda, Odisha, India – 751009
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Coastal Projects Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Coastal Projects operates one associated brand: Coastal Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development company | coastalprojects.co.in |
Business activity
The main business activity of Coastal Projects is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Coastal Projects Limited, buy the company report.
Financials of Coastal Projects Limited
FY 2016 filings availableCoastal Projects Limited reported revenue of ₹1,297.86 Cr (up 18% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year. EBITDA rose 59% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1,297.86 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹519.57 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.41 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 40% | ||
| Net Profit Margin | 0.2% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Coastal Projects Limited, buy the company report.
Board of directors of Coastal Projects Limited
Coastal Projects has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sabbineni Babu Surendra | Director | 01 May 1995 | 31 Years 6 Months | As last reported |
| Tadimalla Veera Bhadra Durga Srinivasa Rao Venkata Anantha Laxmi Naga Also directs: Balangir Pharma City Project LLP, Odalarevu RLNG Imports Private Limited, Whitefield Paper Mills Limited and 1 more | Director | 07 Jul 2017 | 9 Years 3 Months | As last reported |
| Harihara Rao Garapati Also directs: Sabbineni Holdings Private Limited | Managing Director | 31 Jul 2008 | 18 Years 3 Months | As last reported |
Peer comparison
Coastal Projects Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Coastal Projects Limitedthis company | ₹1,297.86 Cr (FY 2017) | ₹2.41 Cr | 0.2% | 18.0% | 2 | Khurda, Odisha, India |
| Corrtech International Limited | ₹1,130.28 Cr (FY 2024) | 2.0% | Changodor, Gujarat, India | |||
| Velji Ratna Sorathia Infra Private Limited | ₹1,119.9 Cr (FY 2025) | 11.0% | Kachchh, Gujarat, India | |||
| Soma Enterprise Limited | ₹1,119.75 Cr (FY 2025) | 21.0% | Pune, Maharashtra, India | |||
| DCC Infra Projects Limited | ₹1,106.03 Cr (FY 2025) | -4.0% | Kaithal, Haryana, India | |||
| Sew Infrastructure Limited | ₹1,100.56 Cr (FY 2024) | 159.0% | Hyderabad, Telangana, India | |||
| C & C Constructions Limited | ₹1,086.44 Cr (FY 2018) | -14.0% | Delhi, India |
To see the full peer comparison of Coastal Projects Limited, buy the company report.
Auditor
Coastal Projects Limited is audited by U K Mahapatra and Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U K Mahapatra and Co | FY 2017 | 320039E |
Shareholding
The shareholding of Coastal Projects Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Coastal Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2016 | 100080144 | Others | ₹35 Cr | Open | |
| 18 Feb 2015 | 10590447 | Idbi Bank Limited | ₹20.58 Cr | Open | |
| 30 Jun 2014 | 10524895 | Power Finance Corporation Limited | ₹581.47 Cr | Open | |
| 30 May 2014 | 10516968 | Sbicap Trustee Company Limited | ₹5,426.96 Cr | Open | |
| 26 Mar 2014 | 10506180 | Axis Bank Limited | ₹13 Cr | Open |
To see the full charge records of Coastal Projects Limited, buy the company report.
Total charge records: 213 View all charges
Deals & funding
Coastal Projects Limited has 19 deals on record (10 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹515.35 Cr; the latest was in March 2016.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: IDBI Bank Limited, Tunnel Holdings 1 Limited, Idfc Limited Seller: EQT Private Capital Asia (Baring Private Equity Asia), Idbi Bank, an individual |
| Dec 2015 | Funding round | ₹180.51 Cr | Investors: State Bank of India, Icici Bank Limited , Punjab National Bank |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Idfc Limited Seller: 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: L&T Infrastructure Finance Company Limited , 2 individuals Seller: 3 individuals |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: Sabemeni Holdings Private Limited, Peak XV Partners (Sequoia India and SEA), Eight Roads Ventures Seller: S R Credits Private Limited |
To see the full deal history of Coastal Projects Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Coastal Projects Limited has 721 court cases on record: 161 filed by Coastal Projects, 561 filed against it. 153 cases are pending and 568 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 458 | 405 | 98 |
| High courts | 252 | 149 | 55 |
| Supreme Court | 10 | 6 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 721)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against NHPC Limited and Another and 1 other | Pending |
| High Court, Assam | Court case (MFA) | Filed against the company by United India Insurance Company Limited | Pending |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Ifci Ltd | Pending |
| High Court, Assam | Writ petition | Filed by the company against National Projects Construction Corporation Limited and 4 others | Pending |
To see the full case history of Coastal Projects Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Coastal Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Coastal Projects has 7 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ujjawala Power Private Limited | U40101DL2010PTC208285 | |
| Jalpower Corporation Limited | U40109TG2004PLC043985 | |
| Grandeur Power Projects Private Limited | U40300UP2010PTC042937 | |
| Badao Hydro Power Private Limited | U40300UP2011PTC043279 | |
| Para Hydro Power Private Limited | U40300UP2011PTC043280 | |
| Rebby Hydro Power Private Limited | U40300UP2011PTC043281 |
To see the full group structure of Coastal Projects Limited, buy the company report.
Employees & EPFO
Coastal Projects Limited has a workforce of 2 employees on its EPFO records as of Mar 23, 2024, across 2 active EPFO establishments.
GST
Coastal Projects has 22 GST registrations: 5 active and 17 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 11AABCC1907E1ZI | Sikkim | Active | 01 Jul 2017 |
| 14AABCC1907E1ZC | Manipur | Active | 01 Jul 2017 |
| 16AABCC1907E1Z8 | Tripura | Active | 01 Jul 2017 |
| 29AABCC1907E1Z1 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coastal Projects Limited, buy the company report.
Recent activity
Coastal Projects Limited has 25 board changes on record since 1995: 3 appointments and 22 cessations. The latest: Narala Vara Lakshmi ceased to be Company Secretary on 28 Feb 2018.
315 earlier events are in the company report.
Frequently asked questions
Coastal Projects is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Coastal Projects is a company under liquidation, formerly operating as a public limited company based in Khurda, Odisha, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 01 May 1995 and is registered under CIN U45203OR1995PLC003982. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Coastal Projects has 3 current directors:
- Harihara Rao Garapati - Managing Director
- Sabbineni Babu Surendra - Director
- Tadimalla Veera Bhadra Durga Srinivasa Rao Venkata Anantha Laxmi Naga - Director
The latest financial statements of Coastal Projects on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 December 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Coastal Projects is U45203OR1995PLC003982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coastal Projects has open charges of ₹12,557 Cr and satisfied charges of ₹781.23 Cr as per latest MCA filings.
Coastal Projects has 721 court cases on record: 161 filed by the company and 561 filed against it. 153 are pending. Most are in the district courts.
Coastal Projects was incorporated on 01 May 1995. It is registered with the Registrar of Companies, Cuttack.
Coastal Projects has 19 deals on record (10 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹515.35 Cr; the latest was in March 2016.
The peers of Coastal Projects by revenue are Corrtech International Limited, Velji Ratna Sorathia Infra Private Limited, Soma Enterprise Limited, DCC Infra Projects Limited, Sew Infrastructure Limited and 1 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Narala Vara Lakshmi ceased to be Company Secretary on 28 Feb 2018. Tadimalla Veera Bhadra Durga Srinivasa Rao Venkata Anantha Laxmi Naga ceased to be Additional Director on 02 Nov 2017. Sharad Kumar ceased to be Whole-Time Director on 07 Jul 2017. Coastal Projects has 25 board changes on record in total.
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