Kannur International Airport

Infrastructure & Real Estate · NSE-listed subsidiary · CIN: U24110MH1993PLC070713

Infrastructure & Real Estate

Unlisted

Current Price

₹128

52W Low

₹112

▲ 5.2% this month

- 3.2% this month

52W High

₹129.75

Market Cap

₹1,713.14 Cr

▲ 5.2% this month

- 3.2% this month

Price Performance

Historical indicative price trend

Key Financials

Revenue (TTM)

₹190.93 Cr

Net Profit

₹452.3 Cr

EBITDA

₹96.02

EPS

₹203.92

ROE

-17.12%

ROCE

1.39%

Debt / Equity

0.08

Book Value

₹128.5

Face Value

100

About

Kannur International Airport

Founded

2018

Headquarters

Kerala, India

Employees

NA

Listed (IPO)

Unlisted

Kannur International Airport (KIAL) is an airport infrastructure company in India, the fourth international airport in Kerala. The company is engaged in the development, operation, and management of airport infrastructure, catering to passenger traffic, cargo movement, and aviation-related services. Its revenue mix includes aeronautical services (landing, parking, passenger fees), non-aeronautical income (retail, duty-free, advertising), and cargo operations, with a growing focus on international traffic, particularly from Gulf destinations.
KIAL follows an asset-heavy, Public-Private Partnership (PPP) model, with significant investment in infrastructure spread across ~2,300 acres. The company’s performance is closely linked to passenger traffic growth, international connectivity, airline capacity, and non-aero monetisation, making operating leverage and asset utilisation critical for profitability. The airport primarily caters to NRI traffic, tourism, and regional business demand, with strong dependence on Middle East routes. Commissioned in December 2018, Kannur Airport serves as a key gateway to North Kerala and nearby regions like Coorg and Mysore, supporting both domestic and international connectivity.

Shareholders

Name

2026

Promoters

71.49%

Others (including Public)

28.51%

Promoter and Management

Promoter and Management

Designation

Mr. Dinesh Kumar

MD

Mr. S Jayakrishnan

CFO

Particulars

FY21

FY22

FY23

FY24

FY25

Total Revenue

50.27

83.94

115.17

101.62

195.22

Total Revenue YoY Growth (%)

-

66.98

37.21

-11.77

92.11

EBITDA

-21.66

24.88

29.52

12.97

96.02

EBITDA Margin (%)

-48.38

31.77

26.21

13.07

50.29

EBIT

-90.31

-44.32

-39.69

-56.53

24.53

EBIT Margin (%)

-201.72

-56.6

26.21

-56.97

12.85

PBT

-179.36

-138.26

-144.81

-173.64

-100.89

PBT Margin (%)

-400.63

-176.55

-128.55

-174.99

-52.84

PAT

-184.99

-124.3

-126.27

-168.51

-93.78

Revenue from Operations

44.77

78.31

112.65

99.23

190.93

YoY Growth (%)

-

-32.83

1.51

33.51

-44.32

EPS (Diluted ₹)

-13.83

-9.29

-9.43

-12.59

-7.01

Particulars

FY21

FY22

FY23

FY24

FY25

Total Non-Current Assets

1972.93

1931.98

1915.41

1870.44

1852.11

Total Current Assets

133.67

88.93

71.01

33.57

48.98

Total Assets

2106.6

2020.92

1986.42

1904.01

1901.1

Total Non-Current Liabilities

969.35

1049.82

1131.26

1163.02

1261.73

Total Current Liabilities

123.66

81.46

91.8

146.3

138.59

Total Liabilities

1093.01

1131.28

1223.06

146.3

1400.32

Total Equity

1013.58

889.63

763.36

594.68

500.76

Total Liabilities and Equity

2106.6

2020.92

1986.42

1904.01

1901.1

Particulars

FY21

FY22

FY23

FY24

FY25

Cash & Cash Equivalents (Closing)

49.84

27.61

27.93

2.43

16.68

Operating Activities (A)

-13.84

51.41

63.78

19.13

82.91

Investing Activities (B)

-22.77

-66.48

-24.58

-6.35

-1.1

Financing Activities (C)

-38.31

-7.15

-38.88

-38.27

-67.54

Net (Decrease) / Increase (A+B+C)

-74.92

-22.22

0.32

-25.49

14.27

Particulars

FY21

FY22

FY23

FY24

FY25

Current Ratio (x)

1.08

1.09

0.77

0.23

0.35

Cashflow Ratio (x)

-0.11

0.63

0.69

0.13

0.6

EBIT Margin (%)

-201.72

-56.6

-35.23

-56.97

12.85

Net Profit Margin (%)

-413.2

-158.73

-112.09

-169.82

-49.12

ROA (%)

-8.78

-6.02

-6.3

-8.66

-4.93

ROE (%)

-18.25

-13.06

-15.28

-24.82

-17.12

ROCE (%)

-4.55

-2.29

-2.09

-3.22

1.39

Operating Profit Margin (%)

-201.72

-56.6

-35.23

-56.97

12.85

PBT Margin (%)

-400.63

-176.55

-128.55

-174.99

-52.84

EBITDA Margin (%)

-48.38

31.77

26.21

13.07

50.29

Debt to Equity (x)

0.94

1.16

1.44

1.96

2.43

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Quick Snapshot

ISIN

INE218H01017

CIN

₹10

Industry

Financial Services

Lot Size

50 Shares

Dipository:

NSDL & CDSL

PAN No.

AADCK8494N

Registration Date

09/12/2018

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