Kannur International Airport

Company Overview

Kannur International Airport (IATA: CNN, ICAO: VOKN) is serving the North Malabar region of Kerala, Kodagu and Mysore districts of Karnataka and Mahé district of Puducherry in India. It is located 28 km (17 mi) east of Kannur town, and 24 km (15 mi) east of Thalassery town, near the municipality of Mattannur in Thalassery taluk of Kannur district in Kerala. It is owned and operated by Kannur International Airport Limited (KIAL), a public–private consortium. The airport opened for commercial operations on 9 December 2018.[4]

The Kannur Airport was expected to serve more than one million passengers annually and authorities estimate the number would increase five-fold by 2025.[5] The airport could serve one million passengers in just nine months since commercial operations began.[6][7] Amidst the COVID-19 crisis the greenfield airport could maintain stable growth and it achieved the milestone of two million passengers in the twenty-third month of operations in November 2020.[8]

The first aircraft to land was an IAF (Indian Air Force) aircraft that touched down at the airport on 29 February 2016.[9] The first trial passenger flight operation conducted on 20 September 2018 using a Boeing 737-800 aircraft from Air India Express.[10][11] On the inaugural day, 9 December 2018, an Air India Express flight IX 715 (Boeing 737-800) took off to Abu Dhabi at 10:13 (IST), becoming the first commercial passenger aircraft to depart from Kannur International Airport.[12][4][13][14] The Airport was inaugurated by Minister of Civil Aviation, Suresh Prabhu and Kerala Chief Minister Pinarayi Vijayan.

id company_master_id company shareholder sharesNo shareHolding dateOfUpdate
97 40 Kannur International Airport Public 81050000 0 2019-03-31
96 40 Kannur International Airport Government of Kerala 35000000 0 2019-03-31
id company_master_id company shareholder sharesNo shareHolding dateOfUpdate

Revenue Segment

Share Holding

Revenue & Margins

% Margins

Company Financials

Profit and Loss Account (₹ in Crores) 2019 2020 2021
Revenue from Operations 15.01 0 44.77
Other Income 4.07 0 5.5
Total Income 19.08 0 50.27
Cost of Operations 16.03 0 45.05
EBITDA -25.35 0 -20.77
EBITDA % -1.33 0 -41.32
EBIT -46.24 0 -89.42
EBIT % -2.42 0 -177.88
PBT -78.91 0 -178.47
PBT % -4.14 0 -355.02
TAX -31.95 0 5.62
NPAT -46.96 0 -173.11
NPAT % -2.46 0 -344.36
EPS (Basic) in ₹ -4.28 0 -13.83
EPS (Diluted) in ₹ -4.28 0 -13.83
Dividend Per Share (in ₹) 0 0 0

Sources of funds

Application of funds

Balance Sheet (₹ in Crores) 2019 2020 2021
Share Capital 1160.5 0 1338.12
Reserves -45.7 0 -324.53
Networth 1114.8 0 1013.59
Long Term Borrowings 884.41 0 0
Short Term Borrowings 7.79 0 0
Current Liabilities 125.04 0 123.66
Non-Current Assets 2061.78 0 0
Current Assets 68.72 0 0
Total Assets 2130.5 0 0
Cash Bank Balance 8.31 0 0
Trade Receivables 13.04 0 0
Trade Payables 8.96 0 0
Inventory 0 0 0
Cash Flow Statement (₹ in Crores) 2019 2020 2021
Cash flow from operating Activities -98.49 0 -13.84
Cash flow from Investing Activities -104.69 0 -22.77
Cash flow from Financing Activities 123.87 0 -38.31
Net Cash-Flow -79.31 0 -80.72

KEL %

2020
2019

SHEELA %

2020
2019
Price Multiples as on 2021-05-08
Face Value Per Share (in ₹) 100
Price Per Share (in ₹) 115
P/E -8.32
P/B 1.32
Dividend Yield 0 %
Price / Sales 29.81
Market Cap (₹ in Crores) 1335
Interesting Quote / Trivial Information about the company's unlisted shares
Source Name
Additional details

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