| Name | Cochin International Airport Limited Unlisted Shares |
|---|---|
| Short Name | CIAL Unlisted Shares |
| Sector | Aviation |
| Security Type | Unlisted Equity Shares |
| Face Value | ₹ 10 |
| ISIN Code | INE02KH01019 |
| Available in Depository | CDSL & NSDL |
| Cochin International Airport (CIAL) Unlisted Share Price | ₹ 288 Per Equity Share |
| Lot Size | 100 Shares |
| Minimum Investment | ₹ 28000-30000 |
| All Time High | ₹ 290 |
| All Time Low | ₹ 158 |
| Highlights | - CIAL is the first airport in the world to be fully powered by solar energy. - The airport is located in Kochi, Kerala, and serves as a gateway to the state's tourism and business sectors. |
| PAN | AAACC9658B |
Cochin International Airport is the first green field airport in the country built with public-private partnership. Planned and constructed from scratch, the airport has been acclaimed for setting a novel idea in infrastructure development.
The astonishing public participation, relentless support from NRIs and an effective leadership have made Cochin International Airport, the company that built and operates the airport, an international brand. Cochin International Airport is also the first airport in the world fully powered by solar energy.
Mr.V.J.Kurian IAS is the founder managing director of the Cochin International Airport – CIAL and the project itself is his brain child. With the guidance and patronage of Late Mr.K.Karunakaran, former Chief Minister of Kerala, Mr.Kurian could materialize a never before idea of building an international airport with public private partnership. He was responsible for the entire project from conception to making the Cochin International Airport – CIAL a runaway success.
Cochin International Airport- CIAL showcases a sustainable business model which always adheres to people, community and culture. The balance sheet also is sound as the profit ratio exceeds 35%. The paid up capital of the company is Rs.382.57 Cr with over 19,000 shareholders from 31 countries.
Over the years, Cochin International Airport accrued gross assets worth of Rs. 2455.64 Cr. which include three sprawling terminals having two million SFT of area and offering state of the art passenger facilities, a convention centre, a golf course and an aircraft maintenance hangar.
Cochin International Airport has been paying dividend from 2003-04 and with the year 2019-20, the total dividend pay-out has touched 282%. CIAL has been paying dividend from 2003-04 and with the year 2019-20, the total dividend pay-out has touched 282%.
Ever since commercial operations started on 10th June 1999 with International flight to Dammam., Cochin International Airport(CIAL), has grown rapidly becoming the 4th largest International Airport in India in terms of international passenger traffic in just four years.
Cochin International Airport – CIAL recorded a cumulative annual growth rate of nearly 20% in the initial 8 years and thereafter at 12% with annual passenger traffic touching 7.7 million in 2015-16. The airport handled 8.9 million passengers during 2016-17 and the weekly aircraft movements stand around 1200.
For the first time in its history, the passenger volume for a single financial year (2017-18) touched 10 million on 28th March 2018. Since then, the airport has been handling around 10M passengers a year.
Cochin International Airport – CIAL is the World’s first airport fully powered by solar energy. The eco-friendly initiative of CIAL won international accolades including “ The Champions of the Earth Award-2018 “ from United Nations. At present the total installed capacity of solar power plants at CIAL is 40MWp
There are 24 airline companies operate from the airport today, which facilitates direct connectivities to GCC, Sri Lanka, Singapore, Thailand and Malaysia.
The MRO facility by CIASL, a fully owned subsidiary of Cochin International Airport – CIAL, has obtained certifications from DGCA,-India, GCAA-UAE; SLCAA-Sri Lanka and is providing engineering services to Sri Lankan Airlines, Etihad, Gulf Air etc.
Aircraft, Passenger and Cargo Movement:
Source -Cochin international Airport (CIAL) Annual Report 2022-23
Cochin International Airport Subsidiary Companies:
CIAL has five subsidiary companies, namely Cochin International Aviation Services Limited (CIASL), Air Kerala International Services Limited (AKISL), CIAL Infrastructures Limited (CIL), CIAL Dutyfree and Retail Services Limited (CDRSL) and Kerala Waterways and Infrastructures Limited (KWIL). A statement containing the salient features of the financial statement of Subsidiaries / Associates Companies / Joint Ventures
– Cochin International Aviation Services Limited
Cochin International Aviation Services Limited (CIASL) is a subsidiary of CIAL, which has been incorporated for aircraft Maintenance, Repair and Overhaul (MRO) services and for Aviation Training.
CIASL is currently undertaking Line Maintenance Services for several international carriers operating at Cochin International Airport.
The organization has secured approvals from regulators like Director General of Civil Aviation (DGCA), European Aviation Safety Agency (EASA), General Civil Aviation Authority (GCAA – UAE), Civil Aviation Authority of Singapore (CAAS), Qatar Civil Aviation Authority, Civil Aviation Authority of Sri Lanka, Civil Aviation Authority Thailand, Civil Aviation Authority Bahrain, Public Authority of Civil Aviation Oman, Civil Aviation Authority of Israel and DGCA – Kuwait for line maintenance services.
For base maintenance, the Company has established two Narrow Body Hangars, with easy and direct access to the Airport Runway. The Company has entered into an agreement with a leading MRO service provider and operationalized the MRO facility at Cochin Airport during the financial year 2020 – 21.
– Air Kerala International Services Limited
Air Kerala International Services Limited (AKISL) is a subsidiary of the Cochin International Airport Limited, and the primary objective of the Company is to establish a low cost airline based at Cochin
International Airport, to benefit the huge population of non-resident Keralites in the Middle East.
In the National Civil Aviation Policy 2016, the Government has decided to scrap the requirement that mandated airlines to have five years of domestic operations to be eligible to fly overseas. However,
an airline will have to allocate 20 aircraft or 20% of their total fleet of aircraft, whichever is higher, to the domestic sector if they wish to fly overseas.
– CIAL Infrastructures Limited
CIAL Infrastructures Limited (CIL) was incorporated in the year 2012 to broaden the horizons of CIAL to exploit the opportunities in the power and other infrastructure sectors. CIL has already commissioned 40 MWp solar power plant at the Airport premises, which enabled their Company to continue the status of World’s first fully solar powered Airport. The plant now generates adequate power to meet the energy requirements of the Airport.
– CIAL Dutyfree and Retail Services Limited
CIAL Dutyfree and Retail Services Limited (CDRSL) is a wholly owned public limited company of CIAL. The Company was incorporated on the 01st day of March 2016, in order to clasp the maximum benefits deriving out of the duty free and travel retail business.
CDRSL is established with the major objective to expand the duty free operations far beyond the limits of Cochin Airport to the several travel destinations spread across the world.
– Kerala Waterways and Infrastructures Limited
Kerala Waterways and Infrastructures Limited (KWIL) was incorporated on 03rd October 2017 jointly by Government of Kerala and Cochin International Airport Limited. The Company was established
with the major objective to facilitate the development of an Inland Waterway from Kovalam to Bakel.
The waterway from Kovalam to Bakel is proposed to be developed in three phases. The inaugural ride in the 25 seater solar boat of CIAL was undertaken by the Hon’ble Chief Minister and other dignitaries on 15th of February 2021 between Akkulam and Pound Kadavu by strictly observing the prevailing Covid protocols.
Source -Cochin international Airport Annual Report 2020-21
Financial Overview FY2022-23
CIAL, also known as Cochin International Airport, has achieved a remarkable feat by recording a gross income of Rs. 770.91 crores, surpassing all previous annual revenues. This achievement is particularly noteworthy as it occurred while operating at 90% of pre-COVID levels, representing an impressive 84.12% growth in revenue compared to the prior year. This substantial increase is attributed to the remarkable growth of non-aero income, successful collection of User Development Fee (UDF), and the implementation of increased aeronautical tariffs in accordance with the approved tariff card by the Airports Economic Regulatory Authority (AERA).
Moreover, in the current fiscal year, CIAL has experienced an exceptional surge in profits, reaching a historic high of Rs. 265.08 crores. This surpasses the previous highest profit of Rs. 215.12 crores achieved in the year 2019-20. CIAL’s exceptional financial performance underscores its resilience and success.
(Source – Cochin International Airport (CIAL) annual report FY2022-23)
Financial Overview FY2021-22
During the year under review, the operations of Cochin International Airport (CIAL) was severely affected by the spread of Covid – 19 pandemic. The financial year 2021 – 22 of Cochin International Airport (CIAL) had continued under the influence of the pervasive Covid – 19 virus.
The total revenue for the year ended 31st March 2022 was Rs. 418.69
crores. Cochin International Airport (CIAL) earned an operating profit of Rs. 217.34 crores during 2021 – 22 as against Rs. 67 crores during 2020 – 21 with an increase of 224.39%. After charging interest on borrowed funds, Cochin International Airport (CIAL) made a cash profit of Rs. 170.02 crores during the financial year 2021 – 22.
The profit before and after tax were Rs. 37.69 crores and Rs. 26.12 crores respectively.
(Source – Cochin International Airport (CIAL) annual report FY2021-22)
Cochin International Airport Rights Issue 2022-23 Details:
The Board of Directors of Cochin International Airport Limited (CIAL) at its meeting held on 14th February, 2023 decided to offer 9,56,43,687 equity shares of ₹10 each for a premium of ₹40 per share (i.e. issue price ₹50 per share) to existing shareholders of the company in the ratio of 1:4 (1 new equity share for every four fully paid-up equity shares held) as on record date, i.e, 22nd February, 2023 on rights basis.
Cochin International Airport (CIAL) Rights Issue Details simplified:
| Particulars | 2022-23 | 2021-22 | 2020-21 | 2019-20 |
|---|---|---|---|---|
| Revenue from Operations | 93,963.60 | 50,230.06 | 26,758.75 | 78,129.31 |
| Other Income | 1,519.40 | 2,189.93 | 2,906.44 | 2,878.84 |
| Total Revenue | 95,483.00 | 52,420.00 | 29,665.20 | 81,008.15 |
| Expenses: | ||||
| Purchase of Stock in Trade | 14,507.20 | 7,057.91 | 847.00 | 10,116.23 |
| Change in Inventories of stock in trade | (3,342.50) | (559.36) | 1,571.22 | (93.33) |
| Employee Benefits Expenses | 12,850.04 | 10,705.18 | 9,493.72 | 9,670.36 |
| Finance Costs | 4,483.83 | 5,493.91 | 5,612.21 | 5,425.55 |
| Depreciation and amortisation expenses | 14,167.61 | 14,536.86 | 14,107.32 | 13,560.83 |
| Other Expenses | 13,647.94 | 10,329.13 | 10,336.88 | 13,825.12 |
| Total Expenses | 56,314.12 | 47,563.63 | 41,968.34 | 52,504.77 |
| Profit / (loss) before exceptional items and tax | 39,168.88 | 4,856.37 | 12,303.14) | 28,503.38 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 1,036.54 |
| Profit before tax | 39,168.88 | 4,856.37 | 12,303.14) | 27,466.84 |
| Tax expense: | ||||
| a. Current tax | 4,965.50 | 126.77 | 114.28 | 5,474.41 |
| b. MAT Credit Entitlement | (280.94) | (104.17) | (114.30) | (111.45) |
| c. Tax expenses of earlier years | (10.72) | (0.01) | (22.76) | 0.02 |
| d. Deferred tax | 5,220.63 | 1,334.78 | (2,992.91) | (1,662.58) |
| 9,894.47 | 1,357.37 | (3,015.70) | 3,700.41 | |
| Profit for the period | 29,274.41 | 3,499.00 | (9,287.45) | 23,766.44 |
| Earnings per equity share (EPS)(INR) | 7.59 | 0.83 | (2.37) | 5.91 |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of Cochin International Airport Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 382,574,749 (As per Annual Report FY 2022-23)
Market Cap Scenarios:
At 190 Rs/Share, Cochin International Airport Unlisted Shares values the company at approx. Rs. 7,268 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Cochin International Airport unlisted shares.
At 200 Rs/Share, Cochin International Airport Unlisted Shares values the company at approx. Rs. 7,615 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Cochin International Airport unlisted shares.
At 210 Rs/Share, Cochin International Airport Unlisted Shares values the company at approx. Rs. 8,034 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Cochin International Airport unlisted shares.
| Name | Listing Status |
|---|---|
| Adani Airport Holdings Limited | Unlisted (Parent - Adani Enterprises) |
| GMR Infrastructure | Listed |
| Kannur International Airport - KIAL | Unlisted |
Cochin International Airport Dividend
FY 2022-23:
No information found for Cochin International Airport Shares Buyback
No information found for Cochin International Airport Shares Split
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The minimum lot size for investing in Cochin International Airport Unlisted Shares is 200 Shares
The Lock-in period for Cochin International Airport Unlisted Shares will be Six Months. The Lock-in period starts from the date of IPO allotment. (According to SEBI regulations)
As per the SEBI guidelines, lock-in period for Pre IPO shares is six months. The lock-in period starts from the date of allotment of IPO. During the lock-in period, the shares remain in your account but are marked as locked. After six months, the shares automatically gets unlocked and one can sell it normally on stock exchanges like any other listed shares
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There are two methods to transfer Cochin International Airport Unlisted Shares
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One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it
Yes, Cochin International Airport Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares
Once the process is complete, Cochin International Airport Unlisted Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement
You can also check your holdings in the following:
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That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
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Cochin International Airport is an unlisted company
Yes, NRIs can also buy and sell Cochin International Airport Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
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