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RATING

RECOMMENDATION

Buy

Business Type

Emerging Leader

Buy Chennai Super Kings Unlisted Shares at Planify if you want to invest in stocks. You can also get all financial details including Chennai Super Kings Net Profit Growth, peers, latest news, and each information you need to know about company before investing your money.

ISIN

INE852S01026

Face Value

₹0.10

Total Share

30,81,53,074

Total Income

₹253.70

Profit After Tax

₹40.26

EPS

₹1.31

P/E

155.73

P/B

32.08

Market Capitalisation

₹6,286.32 Cr

Enterprise Value

₹6,229.53 Cr

Book Value

₹6.36

Earnings Yield

0.64 %

Sector

Consumer Discretionary

Sub-sector

Theme Parks and Gaming

Category

Upcoming IPO

Cashflow - Operations

₹36.88

Cashflow - Financing

-₹5.26

Chennai Super Kings Growth

Compounded Sales Growth

  • -28.84%

    1 Year

  • -22.08%

    2 Year

  • 296.34%

    3 Year

Pro Only

Compounded Profit Growth

  • -20.02%

    1 Year

  • -39.83%

    2 Year

  • NA

    3 Year

Pro Only

Return On Equity

  • 20.54%

    1 Year

  • 33.41%

    2 Year

  • 159.06%

    3 Year

Pro Only

About Chennai Super Kings

  • Chennai Super Kings Cricket Limited is an unlisted public company, which owns and operates the cricket team Chennai Super Kings which is famous for playing in the Indian Premier League, the domestic cricket league played in India.
  • The Chennai Super Kings have won the IPL title four times (in 2010, 2011, 2018, and 2021), and have the highest win percentage of matches among all teams in the IPL (59.83%).
  • Founded in 2008, the team plays its home matches at the M.A Chidambaram in Chennai.
  • Initially company was owned by India Cements, they were later changed to a separate entity named Chennai Super Kings Cricket Ltd.
  • The company was incorporated on 19 December, 2014 and heads its operations from it's office in Anna Salai, Chennai.

  • Chennai Super Kings IPO Details

Currently there is no news for Chennai Super Kings upcoming IPO.

  • Chennai Super Kings Merger & Acquisition

Merger

  • India Cements, the company that owned Chennai Super Kings, decided to demerge the IPL franchise to a wholly-owned subsidiary(CSKCL) in September, 2014. Converting Chennai Super Kings from a division into a 100% subsidiary did not affect controls the franchise, as India Cements continued to own it. India Cements had bid for the Chennai franchise in 2008 for $91 million. The amount to be paid over a ten year period. The firm had fixed record date as October 9, 2015 for the purpose of distribution of shares of CSKCL to the shareholders of India Cements Ltd. The filing said that one share of CSKCL will be equal to a single share of India Cements. India Cements declared the rationale behind the share distribution is to enable India Cements shareholders "to own and manage affairs of CSKCL".

Acquisition

  • The company acquired the Chennai franchise of BCCI-IPL namely “Chennai Super Kings” from The India Cements Limited on 20th February 2015. The India Cements Limited decided to demerge Chennai franchise and run it as a wholly owned subsidiary in 2014. Recently, India Cements has fixed Oct 9, 2021 as the record date for allotting the shares of the CSK team to the company's shareholders. The firm said the rationale behind the share distribution is to enable India Cements shareholders to own and manage affairs of Chennai Super Kings Cricket Limited.
  • Chennai Super Kings Subsidiaries

The company does not have any subsidiary, associate / joint venture Companies

  • Chennai Super Kings Revenue Segmentation

  • Income from Grant of Central Rights
  • Sponsorship Income
  • Other Tournament Related Income
  • Other income
  • Chennai Super Kings Product & Services

  • Advertisements
  • Stadium Tickets
  • T-shirts
  • Watches
  • Games Accessories
  • Other Merchandise


  • Chennai Super Kings Assets

The company's assets as at 31 March 2021:
  • Land - INR 129.42 Cr
  • Building - INR 11.60 Cr
  • Computer Software and Licenses(Intangible Asset)- INR 3.50 Cr
  • Chennai Super Kings Industry Overview

Industry Statistics

  • Sports industry is an industry in which people, activities, business, and organizations are involved in producing, facilitating, promoting, or organizing any activity, experience, or business enterprise focused on sports.
  • The Indian sports industry was worth Rs 6,400 Cr in 2016 and jumped to Rs 9,100 Cr in 2019 registering a 42% CAGR over the three years. However, the pandemic dropped the industry's market value by 35% in 2020. Presently the sports industry in India is valued around Rs 8800 Cr in 2021. Of the Rs 5,900 Cr total market size, around Rs 5,150 Cr of sponsorships and endorsements come from the cricket industry in India. Other sports like football and the rest account for the remaining Rs 800 Cr.
  • The sports industry is growing due to factors such as the rising consumption of sports content, rising viewership impacting the market including sponsored ads, sponsorship and online sports content and applications somewhere is helping the sports industry to grow. Other factors include rising female viewership, viewership number increasing in rural areas. The rise of online streaming platforms has been an essential factor in carrying the growth of the sports industry during the pandemic time like Disney Hotstar, Jio Tv broadcasting the IPL 2021.
  • The sports industry in India includes a large number of sports, but cricket remains the most popular which is easily seen by the massive 87% contribution it made to the Indian sports industry in terms of sponsorships in 2020.
  • Recently, the cricket industry has started to face competition from other sports like football due to Indian Super League, badminton due to Premier Badminton League as well as kabaddi due to Pro Kabaddi League.

Future Prospects

  • The global economic slump triggered by the Covid-19 pandemic could change the entire sports industry in ways thought unthinkable till now. . The economic structure of international cricket is likely to change and lower-ranked nations will face a crunch in funds. Indian cricket saw the series against South Africa abandoned due to the virus and could see the IPL washed out, however, it could still emerge with a bigger role to play going ahead.

Government Initiatives

  • The sports law in India is governed and regulated by National Sports Policy, Sports Law and Welfare Association of India, Sports Authority of India, Sports Broadcasting Law in India.
  • The Central government allocated Rs.2,596.14 crore to sports budget for the next financial year 2021-22.
  • The Sports Authority of India (SAI) has been allocated Rs.660.41 crore, which is an increase from the Rs.500 crore that was allocated in the last budget.
  • The Sports Ministry's flagship Khelo India, on the other hand, has had its allocation 657.71 crore for the year 2020-21 .

Chennai Super Kings Awards & Achievements

  • The team Chennai Super Kings are the current champions of Indian Premier League after winning the the tournament in 2021.
  • The Super Kings have lifted the IPL title four times (in 2010, 2011, 2018 and 2021), and have the best win percentage among all teams in the IPL (59.83%). 
  • Most appearances in the IPL playoffs (ten) and in the final (eight).
  • Won the Champions League Twenty20 in 2010 and 2014.

Chennai Super Kings Strengths

  • The company owns and manages the cricket team Chennai Super Kings, which has recently become the first unicorn in sports industry in the country i.e. company having a valuation of more than US $1 bn. This highlights the massive growth that the company has achieved post winning their IPL trophy in 2021 and has made them the most valuable franchise in the Indian Premier League.
  • The company has a CAGR of 343% in 2021 over 2018 in terms of its revenue from operations, which is a great increase considering that the IPL in 2020 was cancelled due to the widespread pandemic across the country. The company has been able to increase its revenue despite the unfavorable conditions, which exemplifies their operational efficiency.
  • The team Chennai Super Kings have won the IPL four times, which places them second in the number of IPL trophies despite not participating in 2016 and 2017. The team has the maximum win percentage of 59.83% among all teams in IPL, which can also be attributable to the great managerial efficiency that their board possesses.

Chennai Super Kings Shortcomings

  • In the past, the company’s management has been linked with irregulations in the past where a few of them have been penalized for the same and as a result of which the team was barred from playing the IPL in 2016 and 2017.
  • The company has kept its long term debt constant for the last few financial years, which is due to the issue of optionally convertible debentures of INR 65 Cr. This burdens the organization with constant interest expenses, which is harmful for the long term solvency of the company.

Chennai Super Kings Opportunities

  • The company organizes Junior Super Kings inter-school T20 tournament every year in Chennai. They should look to broaden thee horizon and organize such tournaments for other sports as well to encourage children as well as provide them a platform to showcase their talent which will also help in recognition of hidden talent in the country.

Chennai Super Kings Threats

  • The Covid-19 pandemic has affected all industries relating to entertainment and the sports industry since they earn most of their revenue from media and entertainment. Even though certain measures have been taken to conduct the IPL and other events in 2021, the company still faces such uncertainties posed by the pandemic in the future which affects the ability of the firm to achieve higher profits and revenue.
  • The company and player controversies only make it further difficult to manage the organization. 
  • Threats from other competitor teams that are participants in the IPL.
Chennai Super Kings Rating

  • RECOMMENDATION

    Buy

  • Chennai Super Kings Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

09/12/2021

Registered Date

19/12/2014

Planify Ticker

CSK

Reg Office: Dhun Building, No: 827, 3rd Floor, Mount Road, Anna Salai, Chennai - 600 002. Tamil Nadu, India

Website: https://www.chennaisuperkings.com/