Chennai Super Kings Cricket Limited Unlisted Shares
Chennai Super Kings Cricket Limited 
Chennai Super Kings Cricket Limited is a Public incorporated which was established on 19 December 2014. It is describe as Non-govt company and is registered by Registrar of Companies, Chennai. Its authorized share capital is Rs. 31,316,000 and its paid up capital is Rs. 30,815,308.It is involved in Business activities n.e.c. Arms Securities Buy CSK Shares.
CSK Cricket Limited’s Annual General Meeting (AGM) was lastly held on 05 July 2018 and as per previous records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2018. ArmsSecurities Sell Chennai Super Kings Shares.
Directors of Chennai Super Kings Cricket Limited are Sabaretnam Lakshmanan, Subramanian Palaniappan, Srinivasan Ranganathan, Kalyanasundaram Balasubramanyam, Rakesh Singh, Ramgopal Kalathingal, Karukayil George John and.
Shareholding Pattern:
| Shareholder’s Name | No. of Shares | % of total Shares of the company |
| Trustees, India Cements | 95079183 | 30.86% |
| Life Insurance Corporation | 18609745 | 6.04% |
| Sri Saradha Logistics Private limited | 7525976 | 5.69% |
| Reliance Capital Trustee | 7729231 | 2.51% |
| Radhakishan S Damani | 7369263 | 2.39% |
| The Boston Company | 5186784 | 1.68% |
Financials of Chennai Super Kings Unlisted Shares:
(Figures in Crores)
| Year | Revenue | EBITDA | PAT | EBITDA Margins | Profit Margins | Shares | EPS |
| FY18 | 4.07 | 0.23 | -51.49 | 6% | NA | 30.815 | -1.67 |
| FY19 | 417.83 | 163 | 111.2 | 39% | 27% | 30.815 | 3.61 |
| FY20 | 356 | 72 | 50 | 21% | 14% | 30.815 | 1.63 |
| Year | Equity | FV | Net-Worth | Debt | D/E |
| FY18 | 3.0815 | 0.1 | 14.31 | 65 | 4.54 |
| FY19 | 3.0815 | 0.1 | 125.51 | 65 | 0.52 |
| FY20 | 3.0815 | 0.1 | 175.85 | 65 | 0.36 |
| Revenue Break up | ||
| Particulars(cr) | 2018-19 | 2019-20 |
| Income from Grant of Central Rights | 294 | 240 |
| Sponsorship Income | 54 | 67 |
Chennai Super Kings Cricket Limited’s
Corporate Identification Number (CIN): U74900TN2014PLC098517
Registration number: 98517.
Address : DHUN BUILDING- 827, ANNA SALAI, CHENNAI Chennai TN 600002 IN.
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Chennai Super Kings Limited (CSK) Unlisted Shares – Company Overview
Chennai Super Kings Limited is an Indian franchise cricket team located in Chennai. The cricket team is known as the Chennai Super Kings. The Chennai Super Kings participate in the Indian Premier League (IPL). The team started playing in the first IPL season in 2008. M.A. Chidambaram Stadium in Chennai is the home stadium of the Chennai Super Kings.
Chennai Super Kings was banned for two years from the IPL, from 2015 to 2017, due to the alleged participation of their owners in the IPL 2013 betting case. The team returned to play in 2018 and won the championship that year. In total, the Chennai Super Kings have won three IPL seasons: 2010, 2011, 2018 and 2021.
The team holds the record for most occurrences in the IPL playoffs. Moreover, the team has played in eight finals of the IPL. Other than the IPL, they have won the Champions League Twenty20 twice, in 2010 and 2014.
Mahendra Singh Dhoni has been the captain of the Chennai Super Kings since their first match.
In September 2014, India Cements approved the demerger of Chennai Super Kings (a cricket team) into a wholly-owned subsidiary by transferring its net assets at cost. Chennai Super Kings Cricket Limited now owns the team (Chennai Super Kings).
The Chennai Super Kings’ unlisted share price increased as a result of the revelation that there would be two additional teams competing in the 2022 IPL season.
Chennai Super Kings Cricket Limited Share Details as of March 31, 2022
| CSK Outstanding Shares: | 379,425,004 |
| Face Value of CSK Unlisted Share: | Rs. 0.1 Per Equity Share |
| ISIN of CSK Unlisted Share: | INE852S01026 |
| Lot Size of CSK Unlisted Share: | 1000 Shares |
| CSK Share Price: | Best in Industry |
| PAN Number of CSK: | AAFCC8730K |
Incorporation Details of Chennai Super Kings Limited
| CIN of CSK | U74900TN2014PLC098517 |
| Registration Date CSK | 19 December 2014 |
| Category / Sub-Category of CSK | Company Limited by Shares/ Non- govt Company |
| CSK Registered Office Address | ‘Dhun Building’, 827, Anna Salai, Chennai – 600002; |
| CSK Registrar and Transfer Agent Contact Details | Integrated Registry Management Services private limited, 2nd Floor, “Kences Towers”, No.1, Ramakrishna Street, North Usman Road, T. Nagar, Chennai – 600017 Phone: 044-28140801 to 28140803 |
Principal Business Activities of Chennai Super Kings Limited
| Name and Description of main products/services | NIC Code of the product/service | % to the total turnover of the Company |
| Sports Activities and Amusement and Recreation Activities | 931 | 100% |
Board of Directors of CHENNAI SUPER KINGS CRICKET Limited
| Board of Directors Constituents |
| Sri R. SRINIVASAN |
| Sri K.S. VISWANATHAN |
| Sri RAKESH SINGH |
| Sri PL. SUBRAMANIAN |
| Sri B. KALYANASUNDARAM |
| Sri K. RAMGOPAL |
| Smt. E. JAYASHREE |
CHENNAI SUPER KINGS CRICKET Company Limited’s Particulars of Holding, Subsidiaries, & Associate Companies
| S.no | Name of the Company | Subsidiary / Associate | % of shares held |
| 1 | Superking Ventures Private Limited | Subsidiary | 100.00% |
| 2 | Joburg Super Kings (Pty) Ltd | Subsidiary | 100.00% |
CHENNAI SUPER KINGS CRICKET Limited Shareholding Pattern (As of 31-03-2023)
| S. No. | Shareholder’s Name | No. of Shares | % of total Shares of the company |
| 1 | Promoter | 88726373 | 28.79 |
| 2 | Public Shareholding | 219426701 | 71.21 |
| Total | 308153074 | 100.0 |
Sports Franchisee Industry Outlook
Despite the rise in COVID-19 cases, the Board of Control for Cricket in India (BCCI) is organizing the Indian Premier League (IPL). IPL has proved to be a mega-profitable business from the time it started in 2008. In 2020, the brand value of IPL went down for the first time in 6 years. It fell by 3.6% from Rs. 47,500 crores in 2019 to Rs. 45,800 crores in 2020.
In 2020, IPL was relocated to the United Arab Emirates (UAE) because the Indian Government had paused all sporting activities due to the COVID-19 pandemic. In 2020, IPL witnessed lower sponsorship revenues as compared to previous years. This was because VIVO pulled out the title sponsorship at the last moment. Then Dream 11 became the Title sponsor but paid only Rs. 222 Crores, as against Vivo’s canceled contract of Rs. 440 Crores. Chennai Super Kings suffered the worst drop in brand value. It devalued by 16.5% from Rs. 732 crores in 2019 to Rs. 611 Crores in 2020.
However, IPL 2020 was very beneficial for IPL broadcasters. Television ratings increased significantly and advertisers too jumped into this opportunity.
In the 2021 IPL, Vivo is back as the title sponsor and BCCI is expecting to earn around Rs. 4,000 Crores from this 2021 IPL season. 2021 has seen an uprising trend in sponsorship revenues. Star India is paying Rs. 3,269.5 crores to BCCI for broadcasting rights. VIVO is paying Rs. 440 Crores. Apart from this, BCCI is getting Rs. 220 Crore from 5 official sponsors (Upstox, Dream 11, Unacademy, Tata Motors, and Cred) and Rs. 60 crores from the umpire and strategic time-out sponsorships.
Subsequently, there is an expected increase of 10-15% in revenues this year. Moreover, an increase in the number of teams in 2022 and the renewal of media rights in 2023 could enhance the IPL value in the future.
BCCI shares 50% of the revenues with the Team franchises as part of the central pool. And, franchises give 20% of their total revenue back to BCCI at the end of the season.
CHENNAI SUPER KINGS CRICKET Limited Balance Sheet (In Rs. Crores)
| Particulars | 31-Mar-23 | 31-Mar-22 |
| ASSETS | ||
| Property, Plant and Equipment | 142.86 | 129.89 |
| Capital work-in-progress | 17.01 | – |
| Intangible Assets | 3.12 | 6.16 |
| Financial Assets: | ||
| Investments | 6.51 | – |
| Other Financial Assets | 0.12 | 0.08 |
| Deferred Tax Assets | 0.93 | 0.64 |
| Other Non-Current Assets | 17.98 | 46.37 |
| TOTAL NON-CURRENT ASSETS | 188.53 | 183.14 |
| Current Assets | ||
| Financial Assets: | ||
| Trade Receivables | 6.48 | 37.41 |
| Cash and Cash Equivalents | 25.52 | 135.45 |
| Loans | 180.69 | 0.06 |
| Other Financial Assets | 1.31 | 0.06 |
| Other Current Assets | 58.12 | 34.46 |
| TOTAL CURRENT ASSETS | 272.12 | 207.43 |
| TOTAL ASSETS | 460.66 | 390.57 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 3.08 | 3.08 |
| Other Equity | 258.45 | 245.65 |
| TOTAL-EQUITY | 261.53 | 248.74 |
| Non-Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | – | – |
| Lease Liabilities | 4.12 | 0.08 |
| Provisions | 0.63 | 0.37 |
| Deferred Tax Liabilities (Net) | – | – |
| TOTAL NON-CURRENT LIABILITIES | 4.75 | 0.45 |
| Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 65 | 64.5 |
| Lease Liabilities | 0.72 | 0.17 |
| Trade Payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 0.1 | – |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 39.19 | 28.25 |
| Provisions | 0.05 | 0.02 |
| Other Current Liabilities | 89.33 | 48.45 |
| TOTAL CURRENT LIABILITIES | 194.38 | 141.39 |
| TOTAL LIABILITIES | 199.13 | 141.83 |
| TOTAL EQUITY AND LIABILITIES | 460.66 | 390.57 |
CHENNAI SUPER KINGS CRICKET Limited Profit & Loss Statement (In Rs. Crores)
| PARTICULARS | 2023 | 2022 |
| a) Revenue from Operations | 305.86 | 341.05 |
| b) Other Income | 19.44 | 8.10 |
| Total Revenue | 325.30 | 349.15 |
| Expenses | ||
| a) Cost of Operations | 268.05 | 281.49 |
| b) Employee benefits expense | 3.80 | 3.19 |
| c) Finance costs | 10.30 | 6.26 |
| d) Depreciation and amortisation expense | 5.03 | 2.51 |
| e) Other expenses | 5.98 | 14.95 |
| Total Expenses | 293.16 | 308.40 |
| Profit Before Exceptional items and Tax | 32.14 | 40.75 |
| Exceptional Items | – | – |
| Profit Before Tax | 32.14 | 40.75 |
| Tax Expenses | ||
| a) Current Tax | 18.64 | 11.02 |
| b) Deferred Tax | -0.29 | -1.82 |
| Total Tax Expenses | 18.35 | 9.21 |
| Profit for the period | 13.79 | 31.54 |
| Other Comprehensive Income / (Loss) | – | – |
| Items that will not be reclassified to Profit or (Loss) | – | – |
| Remeasurement of net defined benefit Plan | 0.01 | 0.00 |
| Income tax relating to Items that will not be reclassified to Profit or Loss | -0.03 | -0.00 |
| Items that will be reclassified to Profit or (Loss) | – | – |
| Exchange difference in translating the financial statements of a foreign operation | -0.98 | – |
| Other Comprehensive Income / (Loss) | -0.99 | 0.00 |
| Total Comprehensive Income | 12.79 | 31.54 |
| Earnings per equity share for continuing operations | ||
| [Face value of ` 0.10 each] | ||
| a) Basic | 0.42 | 1.02 |
| b) Diluted | 0.34 | 0.83 |
| Earnings per equity share for continuing operations | ||
| [Face value of ` 0.10 each] | ||
| a) Basic | 0.42 | 1.02 |
| b) Diluted | 0.34 | 0.83 |
CHENNAI SUPER KINGS CRICKET Limited’s Cash Flow Statement (In Rs. Crores)
| Particulars | 31st March 2023 | 31 March 2022 |
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit before exceptional items and tax | 70.53 | 40.75 |
| Other Comprehensive Income | 0.09 | 0.00 |
| Adjustments for | ||
| Depreciation | 3.63 | 2.51 |
| Finance costs | 10.06 | 6.26 |
| Interest income | -19.19 | -8.10 |
| Loss on Assets Discarded | – | 11.41 |
| Net Adjustments | -5.50 | 12.09 |
| Operating Profit before Working Capital Changes | 65.12 | 52.84 |
| Changes in Working Capital | ||
| Adjustments for (increase) / decrease in operating assets | ||
| Trade Receivables | 31.70 | -15.49 |
| Other Financial Assets | -1.27 | 0.09 |
| Other Current Assets | -13.31 | -27.22 |
| Other Non-Current Assets | 28.78 | -24.24 |
| Liabilities | ||
| Trade payables | 8.02 | 14.70 |
| Other Current liabilities | 37.23 | 28.37 |
| Short-term provisions | 0.02 | 0.01 |
| Long-term provisions | 0.15 | 0.07 |
| Net Adjustments | 91.32 | -23.69 |
| Cash Generated From Operations | 156.44 | 29.14 |
| Direct Taxes | -18.64 | -11.02 |
| Net cash from Operating activities [A] | 137.80 | 18.12 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of Fixed Assets/ Intangibles | -22.09 | -4.94 |
| Purchase of Investments | -51.95 | -0.10 |
| Loans | -189.29 | -1.93 |
| Interest income | 19.19 | 8.10 |
| Net cash from Investing activities [B] | -244.13 | 1.13 |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| (Repayment) / Proceeds from borrowings | 0.50 | 0.57 |
| Interest paid | -10.06 | -6.26 |
| Net cash from Financing Activities [C] | -9.55 | -5.69 |
| Net (decrease) / increase in cash and cash equivalents (A+B+C) | -115.89 | 13.55 |
| Cash and cash equivalents at the beginning of the period | 135.35 | 121.80 |
| Cash and cash equivalents at the end of the period | 19.46 | 135.35 |
CHENNAI SUPER KINGS CRICKET Limited Key Financial Ratios
Below are the Key Financial Ratios of CHENNAI SUPER KINGS CRICKET Limitedplease write summary of given Key Financial Ratios
| Particulars | 31-Mar-23 | 31-Mar-22 |
| Current Ratio (in times) | 1.41 | 1.47 |
| Debt-Equity Ratio (in times) | 0.22 | 0.26 |
| Debt service coverage ratio | 8.08 | 7.78 |
| Return on Equity Ratio (in %) | 0.19 | 0.14 |
| Trade Receivables Turnover Ratio (in times) | 12.67 | 11.5 |
| Trade Payable Turnover Ratio (in times) | 6.34 | 14.18 |
| Net Capital Turnover Ratio (in times) | 3.57 | 5.17 |
| Net Profit Ratio (in %) | 0.19 | 0.09 |
| Return on Capital Employed Ratio (in %) | 0.22 | 0.15 |
CHENNAI SUPER KINGS CRICKET Limited share Dividend History
| Particulars | 2023 | 2022 |
| Dividend per Share | – | – |
| Retained Earnings (In Rs. Crores) | 240.61 | 226.82 |
CHENNAI SUPER KINGS CRICKET Limited Recent Financial Performance
Revenue from Operations:
- In 2023, revenue from operations was ₹305.86 crores, showing a decrease from ₹341.05 crores in 2022.
- This indicates a decline in the company ‘s core revenue generation activities between the two years.
Profit for the Period:
- The profit for the period in 2023 was ₹13.79 crores, significantly lower than ₹31.54 crores in 2022.
- This substantial drop in net profit suggests challenges in the company ‘s operational performance.
Total Comprehensive Income:
- Total comprehensive income also decreased to ₹12.79 crores in 2023, down from ₹31.54 crores in 2022.
- The decrease in comprehensive income reflects a less favorable financial position.
Earnings per Equity Share (Basic and Diluted):
- Both basic and diluted earnings per equity share declined in 2023, with ₹0.42 (basic) and ₹0.34 (diluted), compared to ₹1.02 (basic) and ₹0.83 (diluted) in 2022.
- This indicates a decrease in earnings attributable to each share.
Comparison:
- Overall, the financial performance of the company deteriorated from 2022 to 2023, with decreases in revenue, profit before tax, and net profit.
- The increase in other income partially offset the decline in core revenue but couldn ‘t prevent a significant drop in profitability.
- The company should analyze the factors behind these declines and implement strategies to improve its financial performance in the future.
