IPO Status: The company has not officially announced any news regarding its IPO as of now.
CIAL Share Price
- The share price of Cochin International Airport Limited (CIAL) is determined by market demand and supply, similar to the listed market.
- Current Share Price: Rs 195 per share with a face value of Rs 10.
CIAL Peers
Close Listed Peers:
- GMR Airports Infra
CIAL Valuation and Analysis – FY23 Review
- Impressive performance in FY22-23:
- Revenue growth: Rs 524 Cr (FY22) to Rs 954 Cr (FY23).
- Profit After Tax (PAT) growth: Rs 34 Cr (FY22) to Rs 292 Cr (FY23).
- Positive impact on CIAL Share Price.
As of September 19, 2023, CIAL share price is Rs 195 per equity share. EPS is Rs 7.59 per equity share, resulting in a PE Ratio of 24.
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Cochin Airport Share News
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(i) Cochin International Airport (CIAL), the nation’s first greenfield airport developed through public-private partnerships, stands as an exemplary model in infrastructure innovation. Conceived and constructed from the ground up, CIAL gained international acclaim for its groundbreaking approach. The project’s success can be attributed to remarkable public engagement, unwavering support from NRIs, and effective leadership, positioning CIAL as a global brand. Notably, it holds the distinction of being the world’s first airport fully powered by solar energy. Since its inaugural commercial flight to Dammam on June 10, 1999, CIAL has swiftly ascended to become India’s fourth-largest international airport within four years.
(ii) Mr. V.J. Kurian IAS, the founder managing director, orchestrated the project with the visionary guidance and patronage of the late Mr. K. Karunakaran, former Chief Minister of Kerala. Kurian’s leadership ensured the realization of the unprecedented idea of establishing an international airport through a public-private partnership, leading to CIAL’s resounding success.
(iii) CIAL’s performance in FY18-19 reflects impressive growth, boasting a cumulative annual growth rate of 20% in the initial eight years and sustaining 12% thereafter. Annual passenger traffic reached 7.7 million in 2015-16, surging to 8.9 million in 2016-17 with approximately 1200 weekly aircraft movements. In FY18-19, CIAL surpassed one crore passengers once again, witnessing an increase in aircraft movements to 71,871 compared to 69,665 the previous year.
(iv) Kochi, Kerala’s burgeoning business hub, experiences unprecedented growth with mega projects like the LNG terminal and International Cargo Container Terminal. Tourism studies indicate a 7% annual growth in foreign tourists and 9% in domestic tourists. The Kerala Government’s Vision 2025 outlines ambitious targets for the region’s development.
Here are the key details for Cochin International Airport shares:
- ISIN NUMBER: INE02KH01019
- FACE VALUE: ₹10 per equity share
- Share Price: ₹195 per equity share
- Earnings Per Share (EPS): ₹7.59
- P/E Ratio: 25
- Net Revenue: ₹954 Cr
- Net Profit: ₹292 Cr
- Outstanding Shares: 38.3 Cr
Investors can use these metrics to assess the financial health and performance of Cochin International Airport shares.
About Cochin International Airport (CIAL) – A Solar-Powered Marvel
Cochin Airport (IATA code: COK) stands as a global pioneer, being the world’s first airport fully powered by solar energy. Located 28 km northeast of Kochi, Kerala’s commercial capital, it holds the position as India’s third busiest airport for international passenger traffic and ranks seventh in total passenger volume. As of 2022, Cochin International Airport commands 61.8% of Kerala’s air passenger movement.
Key Features:
- Solar-Powered Excellence: CIAL is a trailblazer, relying entirely on solar energy for its operations[1].
- Investor Base: With 19,000 investors from 28 countries, including expatriate Keralites, CIAL is supported by a diverse and robust investor community, with the State Government as the largest stakeholder at 34%.
- Financial Resilience: Despite significant losses in 2020-’21, CIAL rebounded impressively, registering a profit of Rs. 37 crore in the fiscal year 2021-’22. In 2022-’23, it achieved a historic operating profit of Rs. 521.50 Cr and a net profit of Rs. 267 Cr.
- Mega Projects: CIAL marked its success by launching three major projects, including a 12 MW Solar plant in Payyanur, Kannur, a 4.5 MW run-of-the-river project at Aripara, Kozhikode, and an exquisite Business Jet Terminal.
- Passenger Handling: During FY23, CIAL served a staggering 89,29,362 passengers, solidifying its position as the third-largest international airport in India.
Cochin International Airport’s journey reflects not only a commitment to sustainable practices but also resilience and innovation in the aviation industry.
FAQs
The current share price of Cochin International Airport Ltd (CIAL) is Rs 195 per share with a face value of Rs 10.
Real-time updates on CIAL share prices today can be obtained from financial news platforms, stock market websites, or through the official channels of Cochin International Airport Ltd. Ensure to verify information from credible sources for accurate and up-to-date details.
To buy or sell CIAL shares, you can explore online platforms that specialize in unlisted shares. Websites like UnlistedZone.com and TradeUnlisted.com provide information on buying and selling CIAL shares. It is advisable to follow the prescribed procedures on these platforms and stay informed about market trends.
The face value of CIAL shares is mentioned as ₹10 per share in the search results, with a current unlisted share price of ₹190 per share.