Cochin International Airport Unlisted Share

₹171

*Average Price as per 23 October, 2024

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Fundamentals

FACE VALUE

10

BOOK VALUE

49.5

NO OF SHARES

478218436

EPS

9.52

SALES

939

INDUSTRY PE

0

DIVIDEND

4.5

DIVIDEND YIELD

0.92

PE

51.47

PB

9.9

PS

24.95

MARKET CAP

23432.7

EQUITY

478

PAT

447

MESSAGE

2023-24

OVERVIEW

Cochin International Airport is the first airport in India built under Public Private Partnership (PPP).

  • It is the world's first fully solar-powered airport
  • Ranks third busiest for international passengers and seventh largest overall in India.
  • Cochin Airport handles 61.8% of Kerala's total air passenger movement.

For over 24 years of dedicated service, Cochin International Airport has seamlessly connected 31 countries, collaborating with 24 airlines and welcoming more than 10 million passengers annually to its world-class facilities.


Timeline

1994: CIAL is formed with a public-private partnership model

1999: CIAL is officially inaugurated on 25th May

2000: Welcomes the First International Flight

2002: Cargo Terminal is inaugrated

2011: Announced a new international terminal T3

2015: First airport in the world to be fully powered by solar energy

2023: 10 Million Passengers


Traffic Movement

Passenger Movement


YearInternational PassengerDomestic Passenger Total Passenger Movement
2020-20219,19,34615,50,75024,70,096
2021-202222,31,25625,27,74147,58,997
2022-202342,13,62147,15,36389,28,984
2023-202449,30,83155,98,8831,05,29,714
  • Increase in International Passenger Y-o-Y basis was 17%
  • Increase in Domestic Passenger Y-o-Y basis was 19%
  • Increase in Overall Passenger Movement Y-o-Y basis was 18%

Aircraft Movement


YearInternational AircraftDomestic Aircraft Total Aircraft Movement
2020-20218,12918,85726,986
2021-202217,54625,64943,195
2022-202325,74135,49061,231
2023-202429,60140,60270,203
  • Increase in International Aircraft Movement Y-o-Y basis was 15%
  • Increase in Domestic Aircraft Movement Y-o-Y basis was 14%
  • Increase in Overall Aircraft Movement wY-o-Y basis was 14.5%

Future Plans

  • Commissioned its state-of-the-art Business Jet Terminal
  • Expansion of the international terminal T3, with the addition of 8 more aerobridges
  • Installation of full body scanners and DigiYatra facial recognition systems
  • Strategic agreement with the Taj group to oversee the operation of its 112 key five-star hotel situated within the airport premises
  • Initiated the development of a Commercial Zone in front of the international terminal
  • Transit Accommodation located between the International, Domestic and Business Jet Terminals, which will offer short-term accommodation and associated facilities
  • 18-hole golf course on its premises
  • A budget City Hotel Project near the Airport

INSIGHT

Financial Insights


Particulars31st March, 202331st March, 2022Y-o-Y % increase
Revenue 95552482%
EBITDA521217140%
PBT39249700%
PAT 29031835%
EPS 7.60.8
  • Operational Efficiency: The data indicates a marked improvement in operational efficiency and profitability. The significant increases in EBITDA and PBT reflect well-managed costs and enhanced revenue streams.
  • Profitability: With PAT increasing by 835%, the company has shown exceptional profitability growth. This might attract more investors and improve market confidence.
  • Shareholder Value: The substantial rise in EPS is a clear indicator of increased shareholder value, suggesting that the company's shares are becoming more valuable.


Revenue Split


Industry Outlook

The Indian aviation sector is poised for significant growth, driven by several factors:

  • Rising disposable income: A growing middle class with more money to spend on travel will fuel demand for air travel.
  • Urbanization: As more people move to cities, air travel becomes a more convenient option for long-distance travel.
  • Government initiatives: The government's "Sagarmala" and "UDAN" schemes aim to develop coastal airports and improve regional connectivity, boosting regional airports.
  • Low-cost carriers: The rise of low-cost carriers makes air travel more affordable for a wider range of people.


Kerala, a major tourist destination and a state with a large diaspora, has its own reasons for airport growth:

  • Tourism boom: As Kerala's tourism sector flourishes, more airports will be needed to cater to the influx of visitors.
  • NRI traffic: The large Non-Resident Indian (NRI) population creates a steady demand for flights connecting Kerala to major destinations abroad.

ANNUAL REPORT

SECONDARY NAME

Cochin International Airport Unlisted Share

ISIN

INE02KH01019

CDSL

Yes

NSDL

Yes

INDUSTRY

Aviation

SECTOR (READ ONLY)

Airport Operation

SHARE HOLDINGS

Name of ShareholderHoldings
His Excellency, The Governor of Kerala32.42 %
Yusuffali M. A.9.93 %
N. V. George7.31 %
Synthite Industries Private Limited6.53 %
Founders

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