Kannur International Airport - Unlisted Shares
Fundamentals
- Current Price
- ₹0
- Market Cap
- 0
- ISIN
- INE02Y401013
- Face Value
- ₹1,000
- P/E Ratio
- 0
- EPS
- -12.6
- P/B Ratio
- 0
- Book Value
- 57.04
- Debt / Equity Ratio
- 1.436
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue from Operations | 44.77 | 78.32 | 112.66 | 99.2 |
| Growth % | - | 74.93% | 43.85% | -11.91% |
| Operating Expenses | 71.06 | 64.52 | 83.14 | 88.6 |
| Growth % | - | -9.20% | 28.85% | 6.62% |
| Operating Profit | -26.29 | 13.79 | 29.52 | 10.6 |
| Op. Profit Margin % | -58.71% | 17.61% | 26.20% | 10.68% |
| Other Income | 5.51 | 5.63 | 2.51 | 2.4 |
| Finance Costs | 89.05 | 93.95 | 105.13 | 117.1 |
| Depreciation | 68.65 | 69.20 | 69.21 | 69.5 |
| share pof loss of joint venture | -0.8852 | - | - | 0.0015 |
| Profit Before Tax | -179.37 | -143.72 | -142.30 | -173.6 |
| exceptional items | - | 5.45 | -2.51 | - |
| Tax | 5.63 | -13.96 | -18.54 | -5.1 |
| Tax % | 12.57% | -17.83% | -16.46% | -5.17% |
| Profit After Tax | -185.00 | -124.30 | -126.27 | -168.52 |
| Growth % | - | -32.81% | 1.58% | 33.46% |
| PAT % | -413.21% | -158.72% | -112.08% | -169.81% |
| Diluted EPS | -13.83 | -9.29 | -9.43 | -12.6 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Equity Capital | 1338.12 | 1338.37 | 1338.39 | 1338.39 |
| Reserves | -324.54 | -448.74 | -575.03 | -743.71 |
| Total Equity | 1013.58 | 889.63 | 763.36 | 594.68 |
| Borrowings | 951.67 | 1030.47 | 1085.55 | 1,124.90 |
| Provision | 1.25 | 1.58 | 2.01 | 2.594 |
| Other Non-Current Liabilities | 16.44 | 17.78 | 43.70 | 35.5292 |
| Total Non current Liabilities | 969.35 | 1049.83 | 1131.26 | 1,163.0 |
| Borrowings | - | 5.50 | 11.02 | 40.711 |
| Other Current Liabilities | 123.67 | 75.97 | 80.78 | 105.60 |
| Total current Liabilities | 123.67 | 81.47 | 91.80 | 146.3 |
| Equity + Liabilities | 2106.60 | 2020.93 | 1986.43 | 1,904.01 |
| Fixed Assets (incl. WIP) | 1909.41 | 1855.90 | 1802.07 | 1743.148 |
| Other Non Current Assets | 63.53 | 76.09 | 113.35 | 127.29 |
| Total Non current Assets | 1972.93 | 1931.99 | 1915.41 | 1,870.4 |
| Trade Receivables | 27.87 | 19.25 | 18.81 | 15.72 |
| Cash & Cash Equivalents | 51.96 | 27.88 | 30.74 | 2.8709 |
| Other Current Assets | 53.84 | 41.81 | 21.46 | 15.0 |
| Total current Assets | 133.67 | 88.94 | 71.02 | 33.6 |
| Total Assets | 2,106.60 | 2,020.93 | 1,986.43 | 1,904.01 |
Shareholding Pattern
- Government of Kerala -(Only promoter)
- 39.23%%
- Bharat Petroleum Corporation Limited
- 16.20%%
- Airports Authority of India
- 7.47%%
- M A Yusufali
- 8.59%%
- others
- 28.51%%
Strengths & Weaknesses
Strengths
- Strategic Location: Kannur Airport serves a high-demand region, including expatriate communities in the Middle East and domestic travelers in northern Kerala.
- Modern Infrastructure: Equipped with a 3050m runway, Code E compliance, and facilities like LEED Gold-rated terminals, aerobridges, self-check-in kiosks, and duty-free shops
- Cargo Potential: Presence of a full-fledged cargo complex enhances non-aero revenue streams.
- Collaborative Stakeholders: Partnerships with key players like Bharat Petroleum Corporation Limited (BPCL) and Airports Authority of India (AAI).
Weaknesses
- Financial Losses: Accumulated losses of ₹742.77 crores as of FY 2023-24 due to operational challenges and inadequate profitability.
- Revenue Decline: A year-on-year decrease in total income from ₹115.1736 crores (2022-23) to ₹101.6228 crores (2023-24).
- Dependence on External Financing: Heavy reliance on debt or government support may strain long-term financial stability.
- Limited Market Penetration: Relatively new entrant compared to established airports like Cochin International Airport.
About Kannur International Airport
Kannur International Airport Limited (KIAL) operates Kannur International Airport, a modern greenfield airport located in Mattannur, Kerala. Established in 2018, the airport serves as a vital gateway to northern Kerala, catering to domestic and international travelers, particularly the expatriate community in the Middle East.
Board of Directors
- Sri. Pinarayi Vijayan - Chairman
- Sri. A K Saseendran - Director
- Sri. Dinesh Kumar C - Managing Director
- Padmashri M A Yusuffali - Director
- Dr. Shamsheer V P - Director
- Sri. Abdul Qadir Theruvath - Director
- Dr. M P Hassan Kunhi - Director
- Sri. M Madhavan Nambiar - Independant director
- Smt. K Parvathy Ammal - Independant director
Senior Management
- Sri. C. Dinesh Kumar - Managing Director
- Sri. S. Jayakrishnan ACA. - Chief Financial Officer
- Sri. Aby Eapen. - Company Secretary