Cochin International Airport Limited Unlisted Shares
Cochin International Airport Limited
About Cochin International Airport Limited Unlisted Shares
Share Details
| company Name | Cochin International Airport Limited |
| indicative Unlisted Share Price | ₹575 |
| market Capitalization | ₹20,946 Cr |
| lot Size | 100 |
| 52 Week High | ₹495 |
| 52 Week Low | ₹425 |
| face Value | ₹10 |
| book Value | ₹55.94 |
| pe Ratio | 40.59 |
| pb Ratio | 7.83 |
| debt To Equity | 0.17 |
| return On Equity | 19.36% |
| total Outstanding Shares | 47,82,18,436 |
| isin | INE02KH01019 |
| depository | NSDL & CDSL |
| pan | AAACC9658B |
| cin | U63033KL1994PLC007803 |
| rta | SKDC Consultants |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 502 | 940 | 1,158 | 1,310 |
| EBITDA | 227 | 563 | 722 | 789 |
| Operating Profit | 227 | 563 | 722 | 789 |
| EBIT | 82 | 421 | 574 | 644 |
| Profit Before Tax | 48 | 392 | 598 | 603 |
| Net Profit / Loss | 48 | 392 | 598 | 603 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 45.22 | 59.89 | 62.35 | 60.23 |
| Debt to Equity | 0.17 | 0.17 | 0.17 | 0.17 |
| ROE (%) | 19.36 | 19.36 | 19.36 | 19.36 |
Financial Annual Report Summary
Why Invest in Cochin International Airport
- CIAL is one of the most profitable airport operators in India with consistently high EBITDA margins.
- Strong recovery post-COVID with significant revenue and profit growth.
- Diversified revenue streams including non-aero income reduce dependency on passenger fees.
- Low debt levels and strong cash generation make it financially stable.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 2,131 | 2,075 | 2,076 | 2,221 |
| CWIP | 90 | 113 | 181 | 174 |
| Investments | 10 | 196 | 111 | 32 |
| Trade Receivables | 93 | 100 | 116 | 108 |
| Inventory | 22 | 55 | 48 | 66 |
| Other Assets | 166 | 892 | 1,143 | 1,241 |
| Total Assets | 2,512 | 3,431 | 3,573 | 3,842 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 382.5 | 382.5 | 478.21 | 478.21 |
| Reserves | 964 | 1,733 | 1,869 | 2,187 |
| Borrowings | 680 | 674 | 585 | 465 |
| Trade Payables | 35 | 58 | 44 | 55 |
| Other Liabilities | 450.5 | 583.5 | 576.79 | 656.79 |
| Total Liabilities | 2,512 | 3,431 | 3,573 | 3,842 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
The balance sheet reflects strong asset growth driven by infrastructure expansion. Borrowings have reduced over time, indicating deleveraging. High reserves and retained earnings demonstrate consistent profitability and strong internal accruals.
Liabilities Breakdown
Liabilities are well balanced with a strong equity base and declining borrowings. Trade payables and other liabilities are operational in nature and manageable relative to revenue scale.
Additional Insights
CIAL maintains a strong financial position with low leverage and high profitability. Continuous reinvestment into infrastructure and expansion supports long-term growth while maintaining financial stability.
Cash Flow Insights
- Strong and consistent operating cash flows indicate high business stability.
- Investing cash flows reflect infrastructure expansion and asset investments.
- Negative financing cash flow shows debt repayment and dividend payouts.
- Overall liquidity position remains strong with healthy cash generation.
Shareholding Pattern
Promoters & Management
Cochin International Airport is promoted by the Government of Kerala along with public and institutional investors, making it one of the earliest successful PPP models in Indian infrastructure.
Registrar & Transfer Agent (RTA)
Registrar: SKDC Consultants
Management Analysis
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