Kannur International Airport

Platform	Last Traded Price	Min Quantity

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.

Balance Sheet	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

Profit & Loss	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

Shareholding Pattern

Color	Shareholder	Holding
	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%

Fundamentals

Quick Insights

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).

Market Cap-

PE Ratio-

EPS₹-12.6

Dividend Yield-

Book Value₹57.04 Cr

Debt/Equity1.436

Price/Book-

Price/Sales-

Industry PE-

Sales₹99.2 Cr

Profit After Tax₹-168.52 Cr

Share Capital₹1,338.39 Cr

Shares Outstanding-

ISININE02Y401013

SectorAviation

Symbol-

About Company

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.

Quick Insights

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).

Market Cap-

PE Ratio-

EPS₹-12.6

Dividend Yield-

Book Value₹57.04 Cr

Debt/Equity1.436

Price/Book-

Price/Sales-

Industry PE-

Sales₹99.2 Cr

Profit After Tax₹-168.52 Cr

Share Capital₹1,338.39 Cr

Shares Outstanding-

ISININE02Y401013

SectorAviation

Symbol-

About Company

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.

Annual Reports

FY FY FY

Balance Sheet	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

Profit & Loss	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

Shareholding Pattern

Color	Shareholder	Holding
	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%

Board of Directors

Sri. Pinarayi Vijayan Chairman

Sri. A K SaseendranDirector

Sri. Dinesh Kumar C Managing Director

Padmashri M A YusuffaliDirector

Dr. Shamsheer V PDirector

Sri. Abdul Qadir TheruvathDirector

Dr. M P Hassan KunhiDirector

Sri. M Madhavan NambiarIndependant director

Smt. K Parvathy AmmalIndependant director

Senior Management

Sri. C. Dinesh KumarManaging Director

Sri. S. Jayakrishnan ACA.Chief Financial Officer

Sri. Aby Eapen. Company Secretary