Pan No:
AAACC9658B
Face Value:
₹ 10 Per Equity Share
ISIN:
INE02KH01019
Paid Up Equity Capital:
₹ 382.57
About Cochin International Airport Limited:
Cochin International Airport is the first greenfield airport in the country built with public – private partnerships. Planned and constructed from scratch, the airport has been acclaimed for settings a novel idea in infrastructure development. The astonishing public participation, relentless support from NRIs and effective leadership have made CIAL, the company that built and operates the airport, an international brand. It is also the first airport in the world fully powered by solar energy. Ever since commercial operations started on 10th June,1999 with an International flight to Dammam. CIAL has grown rapidly becoming the 4th largest International Airport in India in terms of international passenger traffic in just 4 years.
Mr. V. J. Kurian IAS is the founder managing director of the company and the project itself is his brainchild. With the guidance and patronage of Late Mr.K.Karunakaran, former Chief Minister of Kerala, Mr. Kurian could materialize a never before an idea of building an international airport with a public – private partnership. He was responsible for the entire project from conception to making the company a runaway success.
Cochin International Airport has five subsidiaries. Let us see the purpose of forming these and what business they are doing apart from maintaining and running an airport which is done through Cochin International Airport Limited.
1. Cochin International Aviation Services Limited - It does the work of maintenance of Aircraft, Repair and Overhaul Services and it is also engaged in Aviation training. CISL currently taking Line Maintenance Services for the international flights running from CIAL.
2. Air Kerala International Services Limited - The primary objective of forming this subsidiary is to make international low-cost airlines for the Keralites who are living in the Middle-East.
3. CIAL Infrastructure Limited - It is formed to exploit the opportunities in Power and Infrastructure sectors. CIL has already commissioned 29.14 MW solar power station at Cochin International Airport and with the growing demand at the airport, the CIL has already augmented the capacity from 29.14 MWp to 40 MWp.
4. CIAL Duty-Free and Retail Service Limited - It is a wholly-owned public limited company of CIAL. The company is formed in 01.03.2016 to tap the business of Duty-free and Travel Retail business.
5. Kerala Waterways and Infrastructures Limited - The company is formed on 03.10.2017 jointly by Govt. of Kerala and CIAL. It is formed with the objective of making an inland waterway between Kovalam to Bakel. The project will be developed in 3 phases, the first phase will be completed in May 2020 while the second phase will be completed by 2022 and the third phase will be completed by 2025. It will enable the movement of cargo through the waterway.
Financial Results(in Cr)
2019-20
2018-19
2017-18
2016-17
Total Income
810
807
701
592
EBITDA
475
434
440
320
PAT
237
188
172
192
EBITDA Margin
59%
54%
PAT Margin
29%
23%
25%
33%
Debt/Net Worth
0.367
0.395
0.33
0.28
Equity
382.570
EPS
6.19
4.91
4.5
5.04
Shareholder
No.of Shares
% of Shareholders
Synthite Industries Limited
2,49,84,020
6.53%
BPCL
1,31,25,000
3.43%
Housing and Urban Development Corporation
1,25,68,829
3.83%
AIRPORT
