Cochin International

Company Overview In 2021, Cochin International Airport Limited (CIAL) emerged as India’s third busiest airport in handling international traffic. The airport now handles an average of 106 planes every day, including both domestic and international flights. During the pre-pandemic period, the Cochin airport handled 10 million passengers annually. Since beginning its operations in 1999, the airport now services flights to all countries in the Middle East, London, Male and Colombo. The airport is owned by a public-private partnership in which Kerala Government owns 32% stake. The airport has inked a bilateral air-bubble agreement with 28 nations to fly international passengers to these destinations. Kochi remains the most populated city of Kerala and the commercial capital of Kerala. Kochi is also the number one district in terms of the largest number of tourists visiting Kerala. Kochi remains the headquarters of the important government and commercial organizations namely Federal Bank, Cochin Shipyard, Kochi Refineries, Coconut Development Board, and Coir Board. Symbol Cochin International Airport Ltd. Face Value (₹): 10 ISIN: INE02KH01019 Demat Status: NSDL & CDSL Lot Size: 75 Shares Business Model: The major earnings drivers of CIAL are landing fees, income from cargo operations, X-Ray screening charges, royalty income from subsidiaries, rent and services, and the sale of duty-free products. During FY 2020-21, the airport earned consolidated revenues of ₹ 296 crores with a net loss of ₹ 92 crores due to the suspension of international travel due to the pandemic. CIAL has five subsidiary companies, namely: Cochin International Aviation Services Limited (CIASL): CIASL performs the aircraft maintenance, repair, and overhaul services for several international carriers operating at Cochin International Airport. Air Kerala International Services Limited (AKISL): AKSIL operates a low-cost airline business. CIAL Infrastructures Limited (CIL): CIL generates solar power for the airport building. CIL has already commissioned a 40 MWp solar power plant at the Airport premises, making CIAL World’s first fully solar-powered airport. CIAL Duty-Free and Retail Services Limited (CDRSL): CDRSL is responsible for managing duty-free and travels retail business at Cochin airport. Kerala Waterways and Infrastructures Limited (KWIL): KWIL operates an inland waterway between Kovalam and Bakel. Registered Address: The registered office of CIAL is located in Room No. 35, 4th Floor, GCDA Commercial Complex, Marine Drive, Cochin. Subsidiary Companies: Cochin International Aviation Services Ltd. Air Kerala International Services Ltd. CIAL Infrastructures Ltd. CIAL Dutyfree and Retail Services Ltd. Kerala Waterways and Infrastructures Ltd. Board of Directors: Name Designation Profile Mr. Pinarayi Vijayan Chief Minister of Kerala & Chairman NA Final 1 Mr. P.Rajeeve Minister & Director NA Final 1 Mr. K.Rajan Minister & Director NA Final 1 Dr. V.P.Joy Chief Secretary & Director NA Final 1 Mr. Kuriakos Roy Paul Director (Former Secretary, Ministry of Civil Aviation, Govt of India) NA Final 1 Ms. Ramani Damodaran Director (Former Chief Engineer, Water Resources, Govt of Kerala) NA Final 1 Mr. N.V. George Director (MD, M/s Geo Electricals Trading & Contracting Company Ltd, Sharjah) NA Final 1 Mr. M.A Yusuff Ali Director (MD, M/s EMKE Group, Abudhabi) NA Final 1 Mr. E.M. Babu Director (M/s Majeed Bukatara Trading Esst, Dubai, UAE) NA Final 1 Mr. S.Suhas IAS Managing Director, CIAL NA Final 1 Key Highlights Ranked as India’s 3rd Largest Airport in terms of Handling International Passenger Traffic in 2021. With expanding middle-class population & growing travel spending, the Indian domestic aviation market size is expected to double by 2030, presenting business growth investment opportunities for investors. The Domestic Air-freight market is expected to touch 1.1 million tonnes from 0.8 million tonnes by 2025 at a CAGR of 7-9% per annum on the back of growing e-commerce & manufacturing sectors, increasing the freight carrying capacity of planes, and better aviation connectivity to smaller cities. The company has consistently been paying dividends from 2003-to 04. Financial Highlights Particulars 2020-21 2019-20 2018-19 2017-18 Total Income (in ₹ CRS.) 296.65 810.08 1563 1102.12 PAT (in ₹ CRS.) 92.87 237.66 286.33 16.93 EPS (in ₹) 2.37 5.91 0.4 0.02 Book Value (in ₹) 34.36 39.44 36.78 34.96 EBITDA 74.16 474.88 435 416 Equity (in ₹ CRS.) 382.57 382.57 382.57 382.57 Financial Charts Cochin International Airport (CIA) Book Value Amount ( Rs in crores ) Year Book Value 2016-17 33.53 2017-18 34.96 2018-19 36.78 2019-20 39.44 Cochin International Airport (CIA) EPS Amount (Rs) Year EPS 2017-18 0.02 2018-19 0.4 2019-20 5.91 2020-21 2.37 Cochin International Airport (CIA) www.greymarketshare.com Amount ( Rs in crores ) Year PAT 2017-18 16.93 2018-19 286.33 2019-20 237.66 2020-21 92.87 Cochin International Airport (CIA) Total Income Amount ( Rs in crores ) Year Total Income 2017-18 1,102 2018-19 1,563 2019-20 810.08 2020-21 296.65 Historical Chart Shareholding Pattern Peer Comparison Competitors' Annual Revenues (FY 2021-22) Adani Enterprises ₹ 39,537 crores GMR Infrastructure ₹ 6,229 crores Bangalore International Airport Ltd ₹ 618 crores* *12-Months Revenues for the period ending on 31-Dec-2020