Coral India Finance & Housing Ltd. (CORALFINAC) AI Stock Analysis

• Market Cap: ₹1.27B
• Dividend Yield: 1%
• Average Volume (3M): 2.87K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 0.79
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 7
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.93
• Shares Outstanding: 40,302,223
• 10 Day Avg. Volume: 5,437
• 30 Day Avg. Volume: 2,874
• PEG Ratio: -0.61
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 7.79
• P/FCF Ratio: 7.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹35.00 ▼(-12.72% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is driven primarily by financial stability (no debt and improved latest-year cash generation), tempered by uneven revenue trends and historically volatile cash flows. Technical signals are mixed/neutral with a weaker longer-term trend, while valuation looks reasonable but the dividend yield is modest.

Positive Factors

Zero reported debt / conservative balance sheet

Zero reported debt materially reduces solvency risk and preserves financial flexibility for lending, funding, or opportunistic investments. Over 2-6 months this supports stable operations, lower fixed interest costs, and a stronger ability to withstand funding stress or tighten underwriting if needed.

Rebound in operating cash flow and free cash flow

A rebound where FCF aligns with net income indicates improving cash conversion and internal funding capacity. Durable cash generation supports loan book growth, capital expenditure, reserves, and shareholder returns without needing external borrowing over the medium term.

Stable NBFC housing-finance spread-based business model

A spread-driven housing finance model provides steady, predictable revenue when underwriting discipline is maintained. Over months this structural income source allows margin capture on loan portfolios and scales with asset growth, underpinning long-term cashflow resilience.

Negative Factors

Two-year revenue decline

Consecutive annual revenue declines signal weak top-line momentum and potential market share loss or reduced origination. Persisting revenue contraction over several quarters undermines scale advantages, constrains operating leverage, and limits sustainable profit growth.

Historically volatile operating cash flows

Intermittent swings in operating cash flow reduce predictability of available funds for lending, provisioning, and investment. For an NBFC, volatile cash flows raise refinancing and liquidity planning risk and complicate consistent credit growth or reserve-building.

Earnings-quality concerns from unusually high margins

Margins that appear abnormally high versus peers may reflect one-off items, accounting mix, or scale distortions. Over time this raises the risk of margin normalization, weaker reported profitability sustainability, and pressure on ROE as equity base expands but profit conversion lags.

Coral India Finance & Housing Ltd. Business Overview & Revenue Model

Company Description

Coral India Finance and Housing Limited engages in the construction, development, maintenance of properties in India. The company operates through two segments, Construction and Investments. It develops commercial complexes and residential development projects; rents properties; and provides finance services. The company was incorporated in 1995 and is based in Mumbai, India.

How the Company Makes Money

The company primarily makes money through interest income earned on loans and financing products it extends to borrowers (e.g., housing-related loans and other finance offerings consistent with an NBFC model). Its core revenue model is based on the spread between (a) the interest rate it charges customers and (b) its cost of funds (such as borrowings or other funding sources), plus any fees associated with loan origination, processing, documentation, and related services, if applicable. Additional contributors to earnings for finance companies typically include late payment/penal charges, income from ancillary financial services tied to lending, and investment/treasury income on surplus funds; however, CORALFINAC-specific breakdowns, disclosed fee categories, material partnerships, or the relative contribution of each stream are null.

Coral India Finance & Housing Ltd. Financial Statement Overview

Summary

Strong balance sheet with zero debt and expanding assets/equity supports stability, and the latest year shows a rebound in operating cash flow/free cash flow. Offsetting this, revenue has declined in the last two annual periods and cash flows have been volatile, with unusually high reported margins raising earnings-quality consistency questions.

Income Statement

Profitability is strong on paper, with very high reported margins across years and healthy net income in absolute terms. However, growth momentum is weak: revenue declined in the latest annual period (2025 vs. 2024) and was also lower in 2024 vs. 2023, suggesting a choppy top-line trajectory. The unusually high margin levels (often at or above 100% for operating metrics) also warrant caution on earnings quality/consistency even though reported profits remain solid.

Balance Sheet

The balance sheet is conservatively positioned with zero reported debt across all periods, which materially reduces solvency risk and gives financial flexibility. Equity and total assets have generally expanded over time, supporting balance-sheet stability. The main drawback is that returns on equity are only moderate in recent years (lower in 2025 vs. 2024), implying the company is not converting its equity base into profit as efficiently as it previously did.

Cash Flow

Cash generation is a clear positive overall: free cash flow closely tracks net income in most years, and the latest year shows a strong rebound in operating cash flow and free cash flow. That said, cash flows have been volatile historically (notably weaker operating cash flow in 2024 and 2022 versus adjacent years), which adds uncertainty around consistency despite the strong latest print.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	151.55M	211.59M	217.70M	284.92M	167.12M	145.18M
Gross Profit	143.95M	194.06M	269.66M	236.93M	145.84M	129.80M
EBITDA	155.87M	212.60M	236.65M	224.09M	220.88M	158.18M
Net Income	130.23M	174.90M	207.67M	183.20M	173.71M	129.72M
Balance Sheet
Total Assets	2.29B	2.34B	1.93B	1.64B	1.53B	1.35B
Cash, Cash Equivalents and Short-Term Investments	1.16B	1.25B	958.55M	696.15M	596.44M	567.55M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	150.40M	132.39M	95.82M	145.43M	106.02M	80.05M
Stockholders Equity	2.14B	2.21B	1.84B	1.50B	1.42B	1.27B
Cash Flow
Free Cash Flow	91.32M	207.36M	49.53M	219.31M	19.14M	40.86M
Operating Cash Flow	98.62M	223.49M	50.20M	219.46M	19.14M	41.16M
Investing Cash Flow	-59.58M	-212.85M	-33.11M	-87.67M	9.30M	149.07M
Financing Cash Flow	-3.00K	-16.12M	-12.12M	-12.11M	-20.36M	-206.23M

Coral India Finance & Housing Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CORALFINAC	69 Neutral	₹1.27B	10.71	―	1.00%	―	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ELDEHSG	63 Neutral	₹7.75B	17.84	―	1.01%	-0.19%	-54.29%
LANCORHOL	49 Neutral	₹1.48B	-233.07	―	0.80%	4.65%	-137.16%
EXCEL	45 Neutral	₹1.54B	-189.52	―	―	181.64%	-93.08%
HDIL	44 Neutral	₹1.01B	-7.38	―	―	―	―