| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 78 | 113 | 99 | 191 |
| Cost of Material Consumed | 46 | 56 | 64 | 68 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Gross Margins | 41.03 | 50.44 | 35.35 | 64.4 |
| Employee Benefit Expenses | 12 | 16 | 13 | 13 |
| Other Expenses | 6 | 15 | 12 | 19 |
| EBITDA | 14 | 26 | 0 | 91 |
| OPM | 17.95 | 23.01 | 10.1 | 47.64 |
| Other Income | 0 | 5 | 2 | 5 |
| Finance Cost | 94 | 105 | 117 | 125 |
| D&A | 69 | 69 | 70 | 71 |
| EBIT | -55 | -43 | -60 | 20 |
| EBIT Margins | -70.51 | -38.05 | -60.61 | 10.47 |
| PBT | -138 | -145 | -174 | -101 |
| PBT Margins | -176.92 | -128.32 | -5 | -52.88 |
| Tax | -13 | -19 | -175.76 | -7 |
| PAT | -125 | -126 | -169 | -94 |
| NPM | -160.26 | -111.5 | -170.71 | -49.21 |
| EPS | -9.34 | -9.42 | -12.63 | -7.02 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 17.95 | 23.01 | 10.1 | 47.64 |
| Net Profit Margin | -160.26 | -111.5 | -170.71 | -49.21 |
| Earning Per Share (Diluted) | -9.34 | -9.42 | -12.63 | -7.02 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 1832 | 1763 | 1695 | 1684 |
| CWIP | 24 | 40 | 55 | 3.5 |
| Investments | 0 | 0 | 0 | 0.63 |
| Trade Receivables | 19 | 19 | 16 | 11.3 |
| Inventory | 1 | 1 | 0.6 | 0.69 |
| Other Assets | 145 | 163 | 137.4 | 200.88 |
| Total Assets | 2021 | 1986 | 1904 | 1901 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 1338 | 1338 | 1338.3 | 1338.38 |
| FV | 100 | 100 | 100 | 100 |
| Reserves | -449 | -575 | -744 | -838 |
| Borrowings | 1036 | 1096 | 1186 | 1216 |
| Trade Payables | 41 | 56 | 81 | 105 |
| Other Liabilities | 55 | 71 | 62.7 | 79.62 |
| Total Liabilities | 2021 | 1986 | 1904 | 1901 |
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | -138 | -145 | -174 | -101 |
| OPBWC | 23 | 17 | 4 | 86 |
| Change in Receivables | 13 | 9 | 1.6 | 2.29 |
| Change in Inventories | 0 | 0 | 0 | -0.08 |
| Change in Payables | 9 | 15 | 25.1 | 24.29 |
| Other Changes | 8 | 19 | -9.7 | -28.5 |
| Working Capital Change | 30 | 43 | 17 | -2 |
| Cash Generated From Operations | 53 | 60 | 21 | 84 |
| Tax | -2 | -6 | -2 | -1 |
| Cash Flow From Operations | 51 | 54 | 19 | 83 |
| Purchase of PPE | -68 | -27 | -16.6 | -5 |
| Sale of PPE | 0 | 0 | 0.2 | 0 |
| Cash Flow From Investment | -66 | -26 | -6 | -1 |
| Borrowing | 0 | -6 | -11 | -1086 |
| Dividend | 0 | 0 | 0 | 0 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -7 | -33 | -27 | 1018 |
| Cash Flow from Financing | -7 | -39 | -38 | -68 |
| Net Cash Generated | -22 | -11 | -25 | 14 |
| Cash at the Start | 50 | 28 | 28 | 2.4 |
| Cash at the End | 28 | 17 | 3 | 16.4 |
Kannur International Airport Limited (KIAL) is one of India’s newest greenfield airports, established to enhance air connectivity in the northern region of Kerala. Since its inauguration, the airport has played a crucial role in supporting tourism, NRI travel, and regional economic development. Strategically located to serve passengers from Kannur, Kasaragod, Wayanad, and nearby districts of Karnataka, the airport has witnessed steady growth in passenger traffic and flight operations. Its modern infrastructure, efficient terminal capacity, and expanding route network position KIAL as a key aviation hub in South India. Supported by the Government of Kerala and other institutional stakeholders, the airport continues to strengthen its operational foundation.
In recent years, KIAL has focused on increasing domestic connectivity while gradually expanding its international footprint, especially to Gulf destinations with high demand from expatriate communities. The airport has also taken steps to enhance cargo operations to support the region’s agricultural and commercial exports. With advanced runway capabilities suited for wide-body aircraft, Kannur Airport has the potential to attract more airlines and long-haul flights in the coming years. The airport’s operational strategy emphasizes customer experience, safety standards, and long-term financial sustainability, supported by non-aeronautical revenue streams such as retail, parking, hospitality, and advertising.
From an investment perspective, KIAL’s unlisted shares provide exposure to the aviation infrastructure sector, which tends to benefit from rising travel demand and improving economic activity. As Kerala’s tourism and NRI travel continue to expand, Kannur Airport is well positioned for steady traffic growth. However, investors should be mindful of factors such as competition from nearby airports, regulatory policies, funding needs for expansion, and broader aviation market conditions. Despite these considerations, KIAL remains a promising long-term infrastructure asset with significant potential to scale operations, enhance profitability, and contribute to regional economic development. Investors seeking stable, asset-backed exposure may find the unlisted shares of KIAL an attractive option for portfolio diversification.
Q:1 How do I confirm my booking for Kannur International Airport Limited Unlisted Shares?Answer: You can confirm your booking by contacting us and agreeing on a trading price for the shares.
Q:2 What documents do I need to provide to purchase Kannur International Airport Limited Unlisted Shares?Answer: You need to provide your client master report (CMR), PAN Card, and a Cancelled Cheque if you are not transferring funds from the bank account mentioned in the CMR.These documents are required for KYC compliance as per SEBI regulations.
Q:3 How do I transfer funds for the purchase of the shares?Answer: We will provide you with our bank details.You need to transfer the funds using RTGS, NEFT, IMPS, or CHEQUE TRANSFER.Please note that cash deposits are not accepted.
Q:4 Can I use cash to make the payment for the shares?
Answer: No, cash deposits are not allowed.Payments must be made via RTGS, NEFT, IMPS, or cheque transfer.
Q:5 From which bank account should I make the payment?
Answer: Payment must be made from the same bank account where the shares will be credited.
Q:6 What happens if I don't have a client master report (CMR)?
Answer: If you do not have a client master report, you should ask your broker for one, as it is necessary for the transaction.
Q:7 Is there a specific payment method I need to use?
Answer: Yes, you must use either RTGS, NEFT, IMPS, or CHEQUE TRANSFER for the payment.Cash deposits are not accepted.
Q:8 What is the purpose of providing a Cancelled Cheque?Answer: A Cancelled Cheque is required to verify your bank account details for the transaction and ensure that the funds are transferred from the correct account.