Market Cap:	₹ 1713 CR	Book Value:	51.88
Lot Size:	250 Shares	52 Week High:	₹ 145
52 Week Low:	₹ 100	EPS:	-12.59
Demat Account:	Required	PB:	2.47
Face Value:	100	Debt To Equity:	1.96
No Of Shares:	133838900	Web Site Url:	https://kannurairport.aero/

Company Overview

Kannur International Airport Limited (KIAL) is an unlisted public limited company promoted by the Government of Kerala to facilitate modern air connectivity for North Kerala and adjoining regions. Established in 2009, KIAL is the latest entrant in India’s aviation infrastructure, conceived as a greenfield international airport to serve the growing domestic and international passenger traffic, notably catering to the large Non-Resident Indian (NRI) population from the region.

The airport commenced operations in December 2018 and is the fourth international airport in Kerala. Spread over approximately 2,300 acres, it features a 3,050-meter runway (oriented 07/25), with plans for extension and a spacious passenger terminal spanning over 97,000 square meters. Despite early operational challenges and some financial losses, KIAL is strategically positioned for growth, with increasing passenger traffic and ambitious plans to become a profitable, self-sustaining corporate entity.

Board of Directors

Name	Designation	Appointment Year
Sri. Pinarayi Vijayan	Chairman (Hon’ble Chief Minister)	Current
Sri. Dinesh Kumar	Managing Director	2023
Sri. M. Madhavan Nambiar	Independent Director	Current
Smt. K. Parvathy Ammal	Independent Director	Current
Sri. Aby Eapen	Company Secretary	2023
Sri. S Jayakrishnan	Chief Financial Officer	Current

Company Incorporation

Particular	Detail
Name	Kannur International Airport Limited (KIAL)
Incorporation Date	3rd December 2009
CIN	U63033KL2009PLC025103
Registered Office	Mattannur, Kannur, Kerala – 670708
Industry	Aviation Infrastructure
Legal Status	Unlisted Public Limited Company

Shareholding Pattern (Approximate)

Shareholders	Holding %
Government of Kerala	~39.2%
Airports Authority of India	~7.5%
Shamsheer Parambath	~2%
Kerala State Industrial Entities	~2%
Public, NRIs & Others	~49.3%

 Balance Sheet of Kannur International Airport Unlisted Shares

in ₹ Cr.

category	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Equity	765.70	891.96	1015.93	1199.99	1115.69	1061.62	998.60
Liabilities	1223.02	1131.27	1092.97	1051.97	1015.70	824.72	598.18
Total Equity and Liabilities	1988.72	2023.23	2108.90	2251.96	2131.39	1886.34	1596.78
Net Fixed Assets	1763.24	1831.66	1897.55	1951.71	1982.27	316.42	316.31
Capital Work-in-progress	38.81	24.22	11.84	22.05	11.48	1460.31	1177.13
Other Non current Assets	115.67	78.41	65.84	88.07	68.92	14.05	29.78
Current Assets	71.00	88.93	133.67	190.13	68.72	95.55	73.56
Total Assets	1988.72	2023.22	2108.90	2251.96	2131.39	1886.34	1596.78

Profit and Loss of Kannur International Airport Unlisted Shares

in ₹ Cr.

category	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Net Revenue	112.65	78.31	44.77	115.90	15.01	0.42	0.42
Total Operating Cost	83.12	64.52	71.04	71.03	44.43	10.96	5.93
Operating Profit (EBITDA)	29.53	13.79	-26.27	44.86	-29.42	-10.54	-5.51
Other Income	2.51	5.64	5.50	1.86	4.07	3.01	4.36
Depreciation and Amortization Expense	69.21	69.20	68.65	68.79	20.88	0.15	0.13
Profit Before Interest and Taxes	-37.17	-49.77	-89.42	-22.07	-46.24	-7.68	-1.28
Finance Costs	105.12	93.95	89.05	86.35	32.36	2.14	0.00
Profit Before Tax and Exceptional Items Before Tax	-142.29	-143.72	-178.47	-108.42	-78.60	-9.82	-1.28
Exceptional Items Before Tax	-2.51	5.45	0.00	0.00	0.00	0.13	0.00
Profit Before Tax	-144.80	-138.27	-178.47	-108.42	-78.60	-9.69	-1.28
Income Tax	-18.54	-13.96	5.58	-13.89	-31.95	0.00	-1.00
Profit for the Period from Continuing Operations	-126.26	-124.31	-184.05	-94.53	-46.65	-9.69	-0.27
Profit for the Period	-126.26	-124.31	-184.05	-94.53	-46.65	-9.69	-0.27