Cochin International Airport Limited (CIAL)
- Unlisted share
- Hospitality & Travel
- ISIN INE02KH01019
At a glance
Sales
FY25
₹1,310 Cr
+13.1%on FY24What the company earned from its customers in the year.
Profit
FY25
₹516 Cr
+15.1%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹21,255 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY25
₹2,665 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Cochin International Airport Limited (CIAL)
- ISIN
- INE02KH01019
- Sector
- Hospitality & Travel
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹444.46
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Cochin International Airport Limited (CIAL)
CIAL owns and runs the international airport at Kochi, Kerala, the first Indian airport built as a public-private partnership, with shares held by the Government of Kerala, non-resident Indians, the public and airport service providers. The Government of Kerala is the largest shareholder with 33.38% and the Chief Minister of Kerala chairs the company; businessman Yusuffali M.A. held 12.11% at 31 March 2025. Its subsidiaries include a duty-free retail company, and the group earned consolidated revenue of about ₹1,310 crore in FY2024-25.
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Hospitality & Travel
- ISIN
- INE02KH01019
- Registered office
- Kochi, Kerala
- Promoter
- Government of Kerala (33.38% stake, held in the name of the Governor of Kerala)
- Key people
- Chairman: Pinarayi Vijayan; Managing Director: S. Suhas IAS; Chief Financial Officer: Saji Daniel; Executive Director & Company Secretary: Saji K. George
- Face value per share
- ₹10
- Equity shares issued and fully paid
- 47,82,18,436 shares
- CIN
- U63033KL1994PLC007803
- CIAL Dutyfree and Retail Services Limited annual report 2025-26 (subsidiary)
- Website
- cial.aero
Read from: CIAL 31st Annual Report 2024-25, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
41.2×
At this price you pay ₹41.2 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
7.97×
At this price you pay ₹7.97 for every ₹1 of net worth on the company's books.
Profit margincalculated
39.4%
Out of every ₹100 of sales, ₹39.4 was left as profit.
Return on equitycalculated
19.3%
For every ₹100 of the owners' money, the company made ₹19.3 of profit in the year.
- Indicative price
- ₹444.46
- Market valuecalculated
- ₹21,255 Cr
- price × shares
- No. of shares
- 47,82,18,436
- EPS
- ₹10.78
- Book value per share
- ₹55.73
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Cochin International Airport Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY22 to FY25: ₹502 Cr to ₹1,310 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY22 to FY25: ₹35 Cr to ₹516 Cr.
| Particulars | FY22 | FY23 | FY24 | FY25Latest |
|---|---|---|---|---|
| Operating income (ICRA key financial indicators) | 502.3 | 939.6 | 1,158.43 | 1,309.95▲13% |
| Other income | n/a | n/a | 75.08 | 92.34▲23% |
| Total income | n/a | n/a | 1,233.51 | 1,402.3▲14% |
| Depreciation and amortisation | n/a | n/a | 148.37 | 145.44▼2% |
| Finance costs | n/a | n/a | 50.83 | 42.43▼17% |
| Profit before tax | n/a | n/a | 598.47 | 692.8▲16% |
| Profit after tax (ICRA key financial indicators) | 35 | 292.7 | 447.75 | 515.54▲15% |
| Basic earnings per share (₹) | n/a | n/a | 9.52 | 10.78▲13% |
Rupees crore unless marked, consolidated, consolidated, as summarised by ICRA. The change shown is the latest year against the year before. Read from: CIAL 31st Annual Report 2024-25, ICRA rating rationale, 15 November 2023, ICRA rating rationale, 19 February 2025.
Credit rating. [ICRA]AA (Stable) on ₹824.69 crore of term loan and working capital facilities, reaffirmed 26 May 2026 (upgraded from [ICRA]AA- on 19 February 2025) (26 May 2026) ICRA rating rationale, 26 May 2026
Ownership
Shareholding pattern
Who owns the company
32.4%Government of Kerala
- Largest holder
- 32.4%
- Top 1 together
- 32.4%
- Holders named
- 1
- Government of Kerala32.40%
- Total32.40%
Read from: ICRA rating rationale, 7 September 2021
Leadership
Management
Pinarayi Vijayan
Chairman
S. Suhas IAS
Managing Director
Saji Daniel
Chief Financial Officer
Saji K. George
Executive Director & Company Secretary
P. Rajeeve
Director
K. Rajan
Director
Yusuffali M.A.
Director
E. K. Bharat Bhushan
Director (chairs the Audit Committee)
Aruna Sundararajan
Director (chairs the Nomination and Remuneration Committee)
Read from: CIAL 31st Annual Report 2024-25 (board as listed in the report)
Corporate calendar
Events
- 26 May 2026Credit ratingICRA reaffirmed [ICRA]AA (Stable) on ₹824.69 crore of bank facilities; about ₹4,000 crore of capital spending planned for April 2026 to March 2031Open
- 27 Sept 2025AGM31st annual general meeting held by video conference; agenda included adopting the FY2024-25 accounts and declaring a dividend of 50% of paid-up valueOpen
- 19 Feb 2025Credit ratingICRA upgraded the rating to [ICRA]AA (Stable) from [ICRA]AA- (Stable)Open
- 15 Nov 2023Credit ratingICRA upgraded the rating to [ICRA]AA- (Stable) from [ICRA]A+Open
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
- September 2021ICRA rationale: rating reaffirmed, rated amount enhanced (7 September 2021)
- November 2023ICRA rationale: rating upgraded, outlook Stable (15 November 2023)
- May 2026ICRA rationale: rating reaffirmed (26 May 2026)
- February 2025ICRA rationale: ratings upgraded to [ICRA]AA (Stable) (19 February 2025)
- FY2024-2531st Annual Report 2024-25
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Cochin International Airport Limited (CIAL) on WhatsAppIs the price shown for Cochin International Airport Limited (CIAL) final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Cochin International Airport Limited (CIAL) shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Cochin International Airport Limited (CIAL) shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Cochin International Airport Limited (CIAL). Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.