CIAL Share Price Description – Cochin International Airport, owned and operated by Cochin International Airport Limited (CIAL), holds the distinction of being the first airport in India constructed under a public-private partnership (PPP). Also, it’s the world’s first fully solar-powered airport. Located 28 km northeast of downtown Kochi, it’s the 3rd busiest airport for international passengers and 7th largest in India. As of 2024, CIAL accounts for 63.5% of Kerala’s total air passenger movement.
CIAL’s green energy initiatives have a total installed capacity of 60 MWp and generate 2,40,000 units of power daily. The airport’s daily power consumption is around 1,60,000 units. The airport comprises three terminals, including India’s inaugural charter gateway—an exclusive Business Jet Terminal. Cochin International Airport has connectivity to 31 countries, 24 airlines and accommodates over 11 million passengers with world class facilities. Though not listed, the company has 20,000 investors from 28 countries, mostly expatriate Keralites.
This diverse investor base has played a big role in nurturing the airport, a massive project undertaken by the state government, which has the largest stake at around 34%. Interestingly, the company has been distributing dividends since 2003-04, except for 2021 and 2022 due to Covid.
In the post pandemic year, CIAL was the only airport in the country to be profitable. In 2022-23, the company made a profit of INR 292.76 crore and INR 447.75 crore in 2023-24. In 24 years of operations, it reached a milestone of 11 million passengers in 2024 calendar year.
CIAL is planning to come out with an IPO for retail and institutional investors. The IPO date will be announced by the company. CIAL IPO size is expected to be 18,24,000 equity shares. CIAL’s share price has climbed an impressive 107% in one year.
Cochin International Airport Terminals
Cochin International Airport comprises three primary terminals: domestic, business jet, and international. Additionally, it houses a domestic cargo terminal and international export and import cargo terminals. Together, these three terminals have a peak-hour capacity of 8,000 passengers.
- Terminal 1 (Domestic): The Domestic Terminal Complex has separate arrival and departure areas spread over 6 lakh square feet with a peak-hour capacity of 2,000 incoming and 2,000 domestic outgoing passengers. It’s fully equipped with modern passenger facilities to cater to domestic travelers to and from Kochi. All domestic flights are operated from this complex.
- Terminal 2 (Business Jet Terminal): CIAL is the 4th airport in India to have a terminal dedicated to business jets. This terminal is designed to provide customized services to charter and private jets, making it India’s premier Charter Gateway. Unique to this terminal is the integration of tourism, international summits, business conferences and movement of high net worth individuals while being cost effective in developing an airport terminal.
- Terminal 3 (International): The new international Terminal 3 opened in March 2017. The terminal has 5 entry gates, 84 check-in counters and 80 immigration counters. It has 10 escalators, 21 elevators and 3 moving walkways. The terminal also has a solar carport facility that generates 2.7 MW of power and can park 1,400 cars. Together with the solar carport at the domestic Terminal 1, it constitutes the largest solar carport in the world, with a combined capacity of 5.1 MW of power and parking for 2,800 cars.
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CIAL Unlisted Share Price – Aircraft, Passenger, and Cargo Movement
Cochin International Airport Green Initiatives
CIAL is committed to undertaking projects that promote green energy and reduce its carbon footprint. In 2015, CIAL became the first fully solar-powered airport in the world with the commissioning of a dedicated solar plant. Later in 2021, CIAL ventured into a hydroelectric project. Located at Iruvanjippuzha in Arippara, Kozhikode district, the hydropower plant has an installed capacity of 4.5 MW.
CIAL further strengthened its position as a pioneer in sustainable energy by commissioning a new solar power plant in March 2022 and becoming a power-positive airport. The 12 MWp Payyanur plant is located at Ettukudukka near Payyanur, Kerala. With the commissioning of the Payyanur plant, CIAL’s total installed capacity of solar plants reached 60 MWp.
CIAL produces 73 million units of clean and green energy every year. Daily CIAL generates 2.40 lakh units of power and consumes 1.6 lakh units. This is the highest power production by CIAL and it is the second largest power producer in Kerala after Kerala State Electricity Board.
CIAL Unlisted Share Price – Subsidiaries
CIAL has three wholly-owned subsidiaries:
- CIAL Duty-Free and Retail Services Ltd (CDRSL), which manages the duty-free business in the airport.
- CIAL Infrastructures plans and implements green energy production.
- Cochin International Aviation Services Ltd (CIASL), which facilitates MRO activities and operates two hangars.
Cochin International Airport Share Price – Board of Directors
- Shri.Pinarayi Vijayan, Chief Minister of Kerala, Chairman
- Shri. P. Rajeev, Director
- Shri. K. Rajan, Director
- Smt. Sarada G.Muraleedharan, Director
- Shri. E. K. Bharat Bhushan, Director
- Smt. Aruna Sundararajan, Director
- Shri. M.A. Yusuff Ali, Director
- Shri. N. V. George, Director
- Shri. E. M. Babu, Director
- Dr. P. Mohamad Ali, Director
- Shri. S. Suhas IAS, Managing Director
Key Highlights FY 2023 – 24
- Cochin International Airport has opened the five-star Taj Cochin International Airport hotel, built by CIAL and operated by the Taj group after a global tender.
- A hydrogen fuel cell bus was deployed at Cochin Airport in Kerala as part of India’s first PoC project, advancing clean mobility and green hydrogen adoption.
- CIAL is embarking on an ambitious journey with a portfolio of 163 ongoing projects, of which 9 are of utmost importance and are considered highly prestigious, aligning with its ambitious expansion plans.
- CIAL handled 10.3 million passengers which is an 18% increase from the previous year.
- CIAL recorded 70,203 aircraft movements which is an increase from 61,231 in the previous year.
- CIAL reported a 31.6% increase in total income, reaching INR 1,014.21 crore.
- The company also owns an 18-hole golf course (CIAL Golf Club), a trade center (CIAL Trade and Convention Center), and two hangars.
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Cochin International Airport Unlisted Share Details
| Name | CIAL Unlisted Share Price Details |
| Face Value | INR 10 per share |
| ISIN Code | INE02KH01019 |
| Lot Size | 100 shares |
| Demat Status | NSDL, CDSL |
| CIAL Share Price Today | INR 425 per share |
| Market Cap | INR 20,324 crore |
| Total number of shares | 47,82,18,436 shares |
| Website | www.cial.aero |
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Cochin International Airport Share Price – Right Issue 2022-23
The Board of Directors of CIAL in its meeting held on 14th February 2023 decided to issue 9,56,43,687 equity shares of INR 10 each for a premium of INR 40 per share (i.e., issue price INR 50 per share) to the existing shareholders of CIAL in the ratio of 1:4. The Record date fixed for the Right Issue was 22 February 2023. The Right Issue opened on 1 March 2023 and closed on 30 March 2023.
CIAL Unlisted Share Price Details – Shareholding Pattern
Shareholding pattern of the company as of 31 March 2024:
| Shareholder Name | % to Holding | No. of shares |
| His Excellency, The Governor of Kerala | 33.38 | 15,96,48,207 |
| Mr. Yusuffali M A | 12.11 | 5,79,14,913 |
| Mr. N V George | 5.94 | 2,83,95,210 |
CIAL Share Price – Financial Metrics
| Particulars | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 267.59 | 502.30 | 939.64 | 1,158.43 |
| Revenue Growth (%) | (65.75) | 87.71 | 87.07 | 23.28 |
| Expenses | 419.68 | 475.64 | 563.14 | 635.02 |
| Net income | (92.87) | 34.99 | 292.76 | 447.75 |
| Margin (%) | (34.71) | 6.97 | 31.16 | 38.65 |
| ROE (%) | (6.00) | 2.00 | 19.00 | 22.00 |
| ROCE (%) | (3.00) | 4.00 | 15.00 | 21.00 |
| EPS | (2.37) | 0.83 | 7.57 | 9.52 |
| Debt/Equity | 0.45 | 0.43 | 0.38 | 0.22 |
CIAL Share Price – Annual Reports
Cochin International Airport Annual Report FY 2023 – 2024
Cochin International Airport Annual Report FY 2022 – 2023
Cochin International Airport Annual Report FY 2021 – 2022
Cochin International Airport Unlisted Share Peer Comparison
| Company | 3-yr Sales CAGR (%) | PE Ratio | Net Margin (%) | ROCE (%) | MCap (INR crore) |
| Cochin International Airport | 62.98 | 44.64 | 38.65 | 21.00 | 20,324 |
| GMR Airports | 34.9 | – | (9.46) | 6.41 | 90,649 |
| Adani Enterprises | 34.6 | 67.7 | 3.46 | 9.87 | 2,58,179 |
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Cochin International Airport Unlisted Share FAQs
Is it safe to purchase unlisted shares in India?
While there are risks associated with unlisted shares, purchases made from credible brokers and after conducting due diligence considerably lower these risks.
What is Cochin Airport share price?
Cochin International Airport share price today is INR 425 per share. Shares are purchased in lots of 100 shares.
Who determines Cochin International Airport share price?
The unlisted share price is determined by a variety of factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
When is CIAL IPO planned?
CIAL IPO is currently under discussion, but nothing has been finalized yet. The company is considering going public in the next 3–4 years.
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