Cochin International Airport Limited
ISIN INE02KH01019
Indicative price, for information
As of 02 Jul 2026
Enquire
No obligationAn enquiry is a request for information, not a transaction. Indicative data, not investment advice. Nothing here is an offer to buy or sell any security.
About CIAL
India's first PPP airport, a cash-generative monopoly asset with a 22-year unbroken dividend track record.
CIAL is India's first Public-Private Partnership (PPP) airport, a model where private investors and government entities jointly own and operate an airport. Set up in 1994, well before the Mumbai/Delhi/Bangalore PPP restructurings (2006). Government of Kerala is the largest shareholder (about 32.4%); the rest is held by NRIs, Indian residents and public-sector institutions. Revenue is split across aeronautical (landing/parking/terminal) and non-aeronautical (commercial real estate, retail, F&B, solar power) streams.
Key data
Fundamentals, indicative.Price & size
- Current price
- ₹460
- Market cap
- ₹21,998 Cr
- Lot size
- 100
- 52W high / low
- ₹495 / ₹438
Valuation
- P/E ratio
- 42.63
- P/B ratio
- 8.22
- Book value
- ₹55.94
- Face value
- ₹10
Returns & leverage
- ROE
- 19.36%
- Debt / equity
- 0.17
- EPS (latest)
- ₹10.79
- ISIN
- INE02KH01019
Financials
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 502 | 940 | 1,158 | 1,310 |
| EBITDA | 227 | 563 | 722 | 789 |
| OPM % | 45.2 | 59.9 | 62.4 | 60.2 |
| PBT | 48 | 391 | 599 | 693 |
| PAT | 35 | 292 | 448 | 516 |
| EPS (₹) | 0.92 | 7.63 | 9.37 | 10.79 |
Figures in ₹ Cr except per-share. Audited, via UnlistedZone.
Shareholding
As of FY25- Government of Kerala32.4%
- NRIs30%
- Residents and institutions37.6%
Funding history
Rounds, valuation and investors.| Round | Date | Amount | Post-money | Investors |
|---|---|---|---|---|
| PPP formation | 1994 | — | — | Government of Kerala, NRIs and public institutions |
| Rights issue (1:4) | Feb 2023 | at ₹50 / share | — | Existing shareholders |
Where a deal size is not public we show what we can, so some cells read as dash.
Reports
Free to download.Documents are indicative and for information only.
News & pipeline
Private
No IPO announced; 22-year unbroken dividend record
CIAL announces a ₹200 Cr digital transformation initiative
20 May 2025
Global green-airport recognition for solar leadership
28 Apr 2025
Highest-ever dividend: ₹245 Cr payout (50% on paid-up)
FY25
Track record
Our past research call on this name.If you had invested ₹1,00,000
₹2,71,0002.71x
Entry
₹160 (Apr 2023)
Multiple
2.71x
CAGR
39.5%
Hold
3.0-year hold
- Profitable PPP airport with a monopoly catchment in Kerala; about 63% of all Kerala air traffic, durable Gulf-diaspora + tourism + cargo demand.
- Highest international travel ratio in India at 47% (vs Hyd 17%, Blr 12%, Mum 27%, Del 26%), a premium-yield passenger mix.
Past performance is not indicative of future results. Information only, not investment advice.
Important, please read. Deepwell Global is an information service for unlisted and pre-IPO shares. It is NOT a stock exchange or trading platform recognised by SEBI and does not operate any on-platform trading. Deepwell Global is not a SEBI-registered investment adviser, broker or portfolio manager. All content, including company data, valuations and indicative prices, is for information and education only and is not investment, financial, legal or tax advice. Indicative prices are not an offer to buy or sell and may differ from any price at which a deal is actually concluded. Unlisted and pre-IPO shares carry substantial risk, including total loss of capital, illiquidity, valuation uncertainty and no guarantee of any IPO. Past performance does not indicate future results. Conduct your own due diligence and consult a SEBI-registered adviser before investing. Visiting this site or contacting us creates no advisory, broker or fiduciary relationship.