Kannur International Airport unlisted share price

Price history

About

Kannur International Airport Limited (KIAL) was incorporated on 3 December 2009 to design, finance, build, operate and maintain an international airport at Kannur, Kerala. Its registered office is at Mattannur, Kannur. The airport started commercial operations on 9 December 2018. The company earns from airlines and passengers. Its operating revenue has two parts: aero revenue (landing, parking and passenger-related charges) and non-aero revenue (rentals, concessions and similar income). In FY25, aero revenue was ₹16,015.36 lakh and non-aero revenue was ₹2,577.28 lakh, as per its annual report. The numbers here are standalone figures from the FY25 annual report. Revenue from operations grew from ₹9,923.62 lakh in FY24 to ₹19,093.33 lakh in FY25. The company still reported a loss for the year of ₹9,437.77 lakh in FY25, against ₹16,856.02 lakh in FY24. Finance costs of ₹12,542.54 lakh and depreciation of ₹7,149.59 lakh are the big reasons, because the airport was built largely with borrowed money. Total borrowings (long term and short term) stand on the balance sheet at ₹121,281.03 lakh non-current and ₹332.19 lakh current. Ownership is spread among the state, public sector bodies and individuals. As at 31 March 2025 the Government of Kerala, the only promoter, held 39.23% of the equity. Bharat Petroleum Corporation Limited held 16.20%, M A Yusufali 8.59% and the Airports Authority of India 7.47%. The Chief Minister of Kerala is the Chairman of the Board and Dinesh Kumar C is the Managing Director. KIAL has not filed a DRHP with SEBI as far as our data shows, and there is no linked IPO on IPO Guru. Unlisted shares of a company like this are dealt off-market between buyers and sellers, so the indicative price shown on this page (₹119 per share, lot of 250) is only a guide and not an exchange price. The shares have a face value of ₹100.