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Company Overview
Cochin International Airport Limited (CIAL) stands as a testament to pioneering innovation in infrastructure development and sustainable energy practices. Established through visionary leadership and dynamic public-private partnerships, CIAL has emerged as a global exemplar in airport management and operations.
Key Milestones:
Inception and Growth: Founded in 1999 under the visionary guidance of Mr. V.J. Kurian IAS, CIAL swiftly rose to prominence, facilitated by the support of Late Mr. K. Karunakaran, former Chief Minister of Kerala. From its inception, CIAL has been celebrated for its innovative approach to airport development and management.
Sustainable Energy Leadership: CIAL proudly holds the distinction of being the world’s first airport fully powered by solar energy. This groundbreaking initiative underscores CIAL’s commitment to environmental stewardship and sustainable practices.
Rapid Expansion: With an unwavering focus on excellence, CIAL has experienced remarkable growth, evolving into the fourth largest international airport in India within a span of just four years. The airport’s strategic location and efficient operations have propelled it to the forefront of India’s aviation landscape.
Financial Performance:
- Revenue: CIAL has consistently shown robust financial performance with revenue growing year-on-year. For the financial year 2022-23, the airport reported a revenue of approximately ₹700 crore.
- Profitability: The airport has maintained profitability, recording a net profit of around ₹130 crore for the same period.
- Investments: CIAL has made significant investments in expanding infrastructure and improving passenger amenities. The total investment in various projects over the past years exceeds ₹2,000 crore.
- Shareholding: The Kerala Government holds the majority stake, with private individuals and institutional investors holding the remaining shares.
Future Plans:
- Expansion Projects: Plans are in place for further expansion, including the construction of a new terminal and enhancing cargo handling capacity.
- Innovation and Technology: Continued focus on incorporating advanced technology and innovative solutions to improve passenger experience and operational efficiency.
Fundamentals
| Fundamental | Value | Fundamental | Value |
|---|---|---|---|
| Current Price | ₹295 | ROE (%) | 13.8 |
| Debt to Equity | 0.32 | P/B | 5.33 |
| Market Cap (in Cr.) | ₹11,284 | P/E Ratio | 38.66 |
| Face Value | ₹10 | PAN Number | AAACC9658B |
| Book Value | ₹55.31 | EPS | ₹7.63 |
| ISIN | INE02KH01019 | No. of Shares (in Cr.) | 382.5 |
Promoters & Managements
Profit & Loss Statement (in Crores)
| Item | 2022 | 2023 |
|---|---|---|
| Revenue | 524 | 955 |
| Cost of Material Consumed | 70 | 145 |
| Gross Margins (%) | 86.06 | 84.57 |
| Change in Inventory | -5 | -33 |
| Employee Benefit Expenses | 107 | 129 |
| Other Expenses | 103 | 136 |
| EBITDA | 227 | 563 |
| OPM (Operating Profit Margin) | 45.22 | 59.89 |
| Other Income | 22 | 15 |
| Finance Cost | 55 | 45 |
| D&A (Depreciation & Amortization) | 145 | 142 |
| EBIT (Earnings Before Interest & Tax) | 82 | 421 |
| EBIT Margins (%) | 16.33 | 44.79 |
| PBT (Profit Before Tax) | 48 | 391 |
| PBT Margins (%) | 9.56 | 41.6 |
| Tax | 13 | 99 |
| PAT (Profit After Tax) | 35 | 292 |
| NPM (Net Profit Margin) (%) | 6.97 | 31.06 |
| EPS (Earnings Per Share) | 0.92 | 7.63 |
Financial Ratios
| Financial Ratio | 2022 | 2023 |
|---|---|---|
| Operating Profit Margin (%) | 45.22 | 59.89 |
| Net Profit Margin (%) | 6.97 | 31.06 |
| Earnings Per Share (Diluted) | 0.92 | 7.63 |
Assets ( in Crores)
| Asset Category | 2022 | 2023 |
|---|---|---|
| Fixed Assets | 2131 | 2075 |
| CWIP (Capital Work in Progress) | 90 | 113 |
| Investments | 10 | 196 |
| Trade Receivables | 93 | 100 |
| Inventory | 22 | 55 |
| Other Assets | 166 | 892 |
| Total Assets | 2512 | 3431 |
Liabilities ( in Crores)
| Liability Category | 2022 | 2023 |
|---|---|---|
| Share Capital | 382.5 | 382.5 |
| FV (Face Value) | 10 | 10 |
| Reserves | 964 | 1733 |
| Borrowings | 680 | 674 |
| Trade Payables | 35 | 58 |
| Other Liabilities | 450.5 | 583.5 |
| Total Liabilities | 2512 | 3431 |
Cash Flow Statement ( in Crores)
| Item | 2022 | 2023 |
|---|---|---|
| PBT (Profit Before Tax) | 48 | 392 |
| OPBWC (Operating Profit Before Working Capital) | 246 | 547 |
| Change in Receivables | -43 | 9 |
| Change in Inventories | -5.8 | -34 |
| Change in Payables | -46 | 179 |
| Other Changes | 12 | -16 |
| Working Capital Change | -82.8 | 138 |
| Cash Generated From Operations | 163.2 | 685 |
| Tax | -4 | -40 |
| Cash Flow From Operations | 159.2 | 645 |
| Purchase of PPE | -102 | -124 |
| Sale of PPE | 0 | 0.5 |
| Cash Flow From Investment | -110.7 | 80 |
| Borrowing | 0 | 0 |
| Dividends | -0.3 | -0.5 |
| Equity | 0 | 0 |
| Others From Financing | -0.9 | -93.5 |
| Cash Flow from Financing | -1.2 | -94 |
| Net Cash Generated | 47.3 | 631 |
| Cash at the Start | -76 | -29 |
| Cash at the End | -28.7 | 602 |
Share Holding Pattern
| Shareholder | 2022 | 2023 |
|---|---|---|
| His Excellency, The Governor Of Kerala | 32.42% | 32.42% |
| Mr. Yusuffali M. A. | 9.93% | 11.76% |
| Mr. N. V. George | 7.31% | 7.00% |
| M/s. Synthite Industries Private Limited | 6.53% | 3.00% |
| Others | 43.81% | 45.82% |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
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Receive Shares: We’ll transfer the Cochin International Airport shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your Cochin International Airport shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the Cochin International Airport shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Cochin International Airport shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
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