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Cochin International Unlisted Shares
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₹ 428.00
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₹ 448.00
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As on 30 Jul 2026, 10:34 PM, we are buying shares of the COCHIN INTERNATIONAL AIRPORT LIMITED for ₹ 428.00 and selling them for ₹ 448.00 per share.
About Cochin International Unlisted Shares
Cochin International Airport (CIAL) stands as a testament to successful public-private partnerships in India’s aviation sector. It is the first greenfield airport in the country to be constructed entirely through a collaborative effort between the public and private sectors. Unlike most airports, CIAL was planned and constructed from scratch, receiving international acclaim for its innovative approach to infrastructure development. One of the most remarkable features of this airport is its commitment to sustainability. CIAL is the world’s first airport to be fully powered by solar energy.
Cochin International Airport Limited - Overview
Cochin International Airport Limited is the first Indian airport built under the public-private partnership scheme. Located in the Indian state of Kerala, the airport is an important gateway for international and domestic passengers, particularly for the Middle East and tourism driven markets. Cochin International Airport Limited (CIAL) is also the world’s first fully solar-powered airport, making it a more sustainable option, as well as helping with long-term cost savings.
Cochin International Airport Limited Business Model
CIAL generates revenue from both aeronautical and non-aeronautical sources. Aeronautical income is derived from the various service fees, as well as, field landing and parking charges. Non-aeronautical income is from duty-free stores, other retail and parking operations, cargo operations, and leases, and is more substantial. This diversity in revenue helps ensure consistent revenue streams, even in times of lower traffic, and makes investing in CIAL’s unlisted shares attractive to more conservative long-term investors.
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The airport commenced its commercial operations on June 10, 1999, with an international flight to Dammam, Saudi Arabia, and has grown rapidly since. Within just four years of its inception, CIAL became the fourth largest international airport in India in terms of passenger traffic, reflecting its rapid expansion and global recognition.
Business Divisions
Cochin International Airport Limited (CIAL) is a pioneering public-private partnership (PPP) airport in India, setting global benchmarks in sustainability and infrastructure development. Established as India’s first greenfield airport built with public-private investment, CIAL has grown into one of the country's most successful aviation ventures.
One of the standout features of CIAL is its commitment to renewable energy. It is the world’s first airport to be fully powered by solar energy, making it a model for sustainable airport operations. Since its commercial launch in 1999, the airport has expanded rapidly, becoming a major gateway for international travel, particularly for the Gulf-bound Keralite diaspora.
CIAL operates multiple subsidiaries to diversify its business beyond airport operations, ensuring long-term financial stability. These subsidiaries include:
- Cochin International Aviation Services Limited (CIASL): Focuses on aircraft maintenance, repair, and aviation training.
- Air Kerala International Services Limited: A proposed airline catering to the Keralite community in the Middle East.
- CIAL Infrastructure Limited (CIL): Manages the airport’s solar energy projects and infrastructure expansions.
- CIAL Duty-Free and Retail Service Limited: Operates duty-free shops and retail services, contributing to non-aeronautical revenue.
- Kerala Waterways and Infrastructures Limited: A joint venture with the Kerala government to develop an inland water transport system.
Financial Highlights
- Impressive Revenue Growth – CIAL’s revenue surged from ₹267 crores in FY21 to ₹1,158 crores in FY24, reflecting exceptional business expansion.
- Strong EBITDA Performance – The EBITDA margin improved from 16.85% in FY21 to 62.35% in FY24, showcasing higher operational efficiency.
- Significant Profitability Boost – The Profit After Tax (PAT) jumped from ₹-93 crores in FY21 to ₹448 crores in FY24, demonstrating strong financial recovery.
- Growing Asset Base – Total assets grew from ₹2,525 crores in FY21 to ₹3,573 crores in FY24, highlighting CIAL’s financial expansion and infrastructure investments.
- Reduced Borrowings – CIAL successfully lowered its debt from ₹663 crores in FY21 to ₹585 crores in FY24, improving its overall financial health.
Why Cochin International Airport Limited Unlisted Shares Are Tracked
The Cochin International Airport Limited Unlisted Shares is tracked due to the following reasons:
- stable operating history
- consistent passenger traffic base
- infrastructure-backed revenue
- dividend yield to the investors
CIAL is unlike other unlisted early stage companies and provides the investors with the benefit of a mature asset with predictable operations.
Airport Sector Outlook in India
Travel and tourism are on the rise and have allowed for the growth of the aviation industry in India. Airports with international connections and more established infrastructure are becoming more successful due to these trends. Without close competitors in the surrounding area, CIAL plays a key role in Kerala’s transportation system as a single-airport operator.
Cochin International Airport Limited Unlisted Share Price Movement
The factors that influence the price of CIAL unlisted shares include:
- Passenger traffic growth
- Dividend announcements
- Financial performance
- Demand and supply in unlisted markets.
Since unlisted shares are traded through negotiated deals, the price of unlisted shares can vary and the price can change depending on size and availability.
Understanding Cochin International Airport Limited Unlisted Share Price Movement
CIAL is talked about in many unlisted markets due to its history of paying dividends. Decisions on dividends are dependent on profit, cash availability, and how fast the company is expanding and developing.
This is an important factor to consider for investors.
On the other hand, dividends are not guaranteed and can change due to the performance of the company.
Dematerialized Settlement and Transfer Process
Cochin International Airport Limited unlisted shares can only be kept in electronic form (dematerialized).
Once a transaction is confirmed by both parties, shares are transferred via the seller’s and buyer’s demat accounts. These processes can take time depending on how quickly both parties finish the paperwork.
Tax on Cochin International Airport Limited Unlisted Shares
Tax Guidelines for Shares are:
- Under 2 years: These are considered to have short-term capital gains. Any gains are taxed at 15%.
- Over 2 years: These are considered to have long-term capital gains. No tax on gains.
These may change from person to person through tax rules and individual tax guidance.
Who Should Consider Investing In Cochin International Airport Limited Unlisted Shares
Cochin International Airport Limited unlisted shares may be a good fit for investors who:
- Prefer businesses that are backed by tangible, physical infrastructure.
- Want consistent cash flows from operations.
- Are patient and are in it for the long haul.
Final Thoughts
Cochin International Airport Limited shows a unique mix of infrastructure and operational stability, maturity, and dividend potential in unlisted shares.
While unlisted shares generally come with a dividend and price risk, as far as unlisted airport operators in India, CIAL is one of the more fundamentally investable ones.
Disclaimer*This research has been conducted for investment purposes based on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We do not assume any responsibility for financial losses or inaccuracies in the data provided.
Pros
- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.23% over past five years.
- Company has a low return on equity of 3.68% over last 3 years.
Key Details
| Share Name | Particulars |
|---|---|
| Cochin International Airport Unlisted | 438.00 |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 15000 |
| 52 Week High | ₹ 515 |
| 52 Week LoW | ₹ 250 |
| Depository | NSDL & CDSL |
| PAN Number | AAACC9658B |
| ISIN Number | INE02KH01019 |
| CIN | U63033KL1994PLC007803 |
| RTA | SKDC Consultants |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 20945.97 |
| P/E Ratio | 46.74 |
| P/B Ratio | 8.81 |
| Debt to Equity | 0.25 |
| ROE (%) | 18.93 |
| Book Value | 49.71 |
| EPS | 9.37 |
| Face Value | 10 |
| Total Shares | 478,218,436 |
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 1158 | 940 | 502 |
| Cost of Material Consumed | 114 | 145 | 70 |
| Gross Margins | 90.16 | 84.57 | 86.06 |
| Change in Inventory | 9 | -33 | -5 |
| Employee Benefit Expenses | 140 | 129 | 107 |
| Other Expenses | 173 | 136 | 103 |
| EBITDA | 722 | 563 | 227 |
| OPM | 62.35 | 59.89 | 45.22 |
| Other Income | 75 | 15 | 22 |
| Finance Cost | 51 | 45 | 55 |
| D&A | 148 | 142 | 145 |
| EBIT | 574 | 421 | 82 |
| EBIT Margins | 49.57 | 44.79 | 16.33 |
| PBT | 599 | 391 | 48 |
| PBT Margins | 51.73 | 41.6 | 9.56 |
| Tax | 151 | 99 | 13 |
| PAT | 448 | 292 | 35 |
| NPM | 38.69 | 31.06 | 6.97 |
| EPS | 9.37 | 7.63 | 0.92 |
| Ratio | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Margin | 53% | 46% | 19.74% |
| Net Profit Margin | 36% | 31% | 6.67% |
| Return on Eqyity | 20% | 17% | 2.63% |
| Debt-Equity | 0.25 | 0.32 | 0.69 |
| Current Ratio | 3.61 | 2.88 | 1.06 |
| Dividend Payout | 37.4% | 57% | 0% |
| Company | COCHIN INTERNATIONAL AIRPORT LTD | ADANI ENTERPRISES LTD | GMR INFRASTRUCTURE LTD |
|---|---|---|---|
| Market Cap (₹ Crores) | 9230 | 342630 | 88548 |
| Profitability Margin (%) | 36.30% | 3.45% | -9.45% |
| ROCE (%) | 20.19% | 9.87% | 6.41% |
| ROE (%) | 18.91% | 9.73% | 0.00% |
| D/E Ratio | 0.25 | 1.67 | 0.00 |
| P/E Ratio | 20.27 | 82.40 | 0.00 |
| P/B Ratio | 3.90 | 8.66 | 0.00 |
| Book Value per Share (₹) | 49.50 | 343.00 | -3.59 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 2076 | 2075 | 2131 |
| CWIP | 181 | 113 | 90 |
| Investments | 11 | 196 | 10 |
| Trade Receivables | 116 | 100 | 93 |
| Inventory | 46 | 55 | 22 |
| Other Assets | 1143 | 892 | 166 |
| Total Assets | 3573 | 3431 | 2512 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 578.21 | 382.5 | 382.5 |
| FV | 10 | 10 | 10 |
| Reserves | 1889 | 1733 | 964 |
| Borrowings | 585 | 674 | 680 |
| Trade Payables | 44 | 58 | 35 |
| Other Liabilities | 576.79 | 583.5 | 450.5 |
| Total Liabilities | 3573 | 3431 | 2512 |
Promoters or Management
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| Sri Pinarayi Vijayaran | Chairman | 40 yrs | |
| Sri Saji Daniel | CFO | 31 yrs | |
| S. Suhas | MD | 5yrs |
Annual Reports
Frequently Asked Questions
Is it legal to buy Cochin International unlisted shares in India?
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
How to buy Cochin International unlisted shares?
The procedure to buy the Cochin International unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. Once the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.
Is Cochin International involved in selling its unlisted shares?
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.
When will the Cochin International unlisted shares be credited into my demat account?
The Cochin International unlisted shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
Is there any minimum lot size limit to buy Cochin International unlisted shares?
The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size of Cochin International, please visit the stock page on our website: www.delistedstocks.in
How is the market price of Cochin International unlisted shares determined?
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.
What is the minimum lock-in period for Cochin International unlisted shares?
Before IPO, there is no restriction on sale and transfer of your Cochin International unlisted shares. But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period of 6 months after listing on the stock exchange.
How to sell Cochin International unlisted shares?
Once the selling price and quantity of shares is agreed with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.
What is the current Cochin International Airport Limited unlisted share price?
Cochin International Airport Limited's unlisted share price is determined by recent off-market deals in the unlisted market.Since these shares are privately traded, prices are subject to change based on demand, availability, and block size.
Is Cochin International Airport Limited a listed company?
Cochin International Airport Limited is not currently listed on any of the Indian stock exchanges like the NSE or BSE. Their shares are traded in the unlisted market through off-market transactions.
Can retail investors buy Cochin International Airport Limited unlisted shares?
Cochin International Airport Limited unlisted shares may be acquired by retail investors, assuming shares are accessible and the investor possesses a valid demat account.
How can I buy Cochin International Airport Limited unlisted shares?
To purchase Cochin International Airport Limited unlisted shares, an investor must have: An operational demat account, and a PAN & KYC-compliant bank account. Confirmation that shares are available. After a deal is finalized, shares are directly transferred to the demat account of the purchaser.
How are Cochin International Airport Limited unlisted shares transferred?
Cochin International Airport Limited unlisted shares are transferred via off-market transfer. After payment is confirmed, the seller will initiate the demat transfer, which will usually reflect in the buyer’s account within a few working days.
Why do investors track Cochin International Airport Limited unlisted shares?
Cochin International Airport Limited unlisted shares interest is because of: Reliable airport operations Revenue model with infrastructure Revenue from consistent passenger traffic Dividend-oriented reputation CIAL is seen as a mature, unlisted infrastructure company.
Does Cochin International Airport Limited pay dividends?
Cochin International Airport Limited has a history of declaring dividends based on the profit and the cash in hand. But there is no guarantee of declaring any dividends, and this depends on the actual financial performance and the capital requirements.
What affects the Cochin International Airport Limited unlisted shares price?
Cochin International Airport Limited's unlisted shares price is affected by growth in passenger traffic, performance of airport revenue, announcements of dividends, demand, and supply in the unlisted market. Prices are subject to private negotiations as not listed.
Is there a minimum quantity required to buy CIAL unlisted shares?
Yes, a minimum lot is defined in unlisted shares. The specific number is subject to the seller and market conditions.
How is tax calculated on Cochin International Airport Limited unlisted shares?
Tax computation depends on how long you hold the shares. If you hold them for less than 24 months, you will incur short-term capital gains, and if you hold them for more than 24 months, you will incur long-term capital gains.Tax rates will depend on your personal circumstances.
Can Cochin International Airport Limited unlisted shares be sold later?
Yes, it is possible to sell CIAL unlisted shares on the unlisted market, depending on the availability of buyers and the conditions of the market.
Is there a lock-in period for CIAL unlisted shares?
The existence of lock-in periods is dependent on the source of the shares and the terms of the transaction.
Who should consider investing in Cochin International Airport Limited unlisted shares?
Investors may find CIAL unlisted shares appealing if they have a preference for investing in businesses that are backed by infrastructure and would like to have more predictable cash flows, less liquidity, and a patience for a longer investment timeframe.
How do I get information regarding unlisted shares in India?
Investors who want to get insights regarding unlisted shares in India can visit Delisted stocks for regular updates and correct market insights.
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