RATING

RECOMMENDATION

Strong Buy

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

  • Chennai Super Kings Growth

Get detailed information about the Chennai Super Kings share. In this research report, you will get to know about Chennai Super Kings Management Limited Key Ratio data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Chennai Super Kings Revenue Growth

Growth in %

  • -28.84%

    1 Year

  • -22.08%

    2 Year

  • 296.34%

    3 Year

The company had a massive increase in revenue in 2019 due to the team winning its comeback season after not playing in the IPL for two years. The revenues dropped in 2020 due to the IPL being cancelled and the industry facing the impact of the Covid-19 pandemic.

In respect of Season XIV, the same commenced on 9th April 2021 and the matches were held till 2nd May 2021. BCCI, on account of spread of COVID 19 pandemic, decided to suspend the remaining matches and the same are rescheduled to be held at UAE from 19th September 2021.

The drop in total revenue and profit for the year 2020-21 compared with the previous year was mainly due to reduced revenues on account of COVID 19 pandemic.

Chennai Super Kings Net Profit Growth(PAT)

Growth in %

  • -20.02%

    1 Year

  • -39.83%

    2 Year

  • NA

    3 Year

Decreased revenues and constant costs have made the company’s Net profit decrease after 2019. This is because the IPL was cancelled in 2020 and even in 2021 is being held without crowd in the stadiums. The company is still recovering in terms of revenue after the drop in 2020

Chennai Super Kings EPS Growth

Growth in %

  • -19.63%

    1 Year

  • -39.76%

    2 Year

  • NA

    3 Year

  • Chennai Super Kings Book Value Growth

Growth in %

  • 30.06%

    1 Year

  • 67.32%

    2 Year

The company's book value per share has increased in FY'21 over FY'20 due to increase in the total equity of the company in the current year. The increase in equity is attributable to the increase in reserves and surplus which is because the company has retained the profit generated last year as reserves in the current year.

Chennai Super Kings EBITDA Growth

Growth in %

  • -8.70%

    1 Year

  • -35.65%

    2 Year

  • 573.93%

    3 Year

Chennai Super Kings Operating Profit Growth

Growth in %

  • -11.24%

    1 Year

  • -37.03%

    2 Year

  • 562.69%

    3 Year

The EBIT of the company has decreased by 11% in FY'21 over FY'20. This decrease is mainly due to the company facing decreased revenue as a result of the IPL getting cancelled in 2020. The company's costs have remained stable due to which the company has a decreased EBIT.

Chennai Super Kings Asset Growth

Growth in %

  • 19.06%

    1 Year

  • 0.01%

    2 Year

  • 18.49%

    3 Year

The company's assets have increased by 20% approximately in FY'21 over FY'20. This increase is due to the company investing an additional INR 50 Cr in fixed deposits in FY'21. Also the company has realized it's short term trade receivables worth INR 18 Cr, which were due for 6 months, in FY'21.

Chennai Super Kings Cash Flow from Operations

Growth in %

  • -55.94%

    1 Year

  • 145.04%

    2 Year

  • -18.73%

    3 Year

Cash flow from operations of the company has decreased by 56% in this financial year as compared to 2020 which is primarily due to the decreased net profit of the company as well as the company having decrease in other receivables in from INR 123 Cr in FY'20 to INR 2 Cr in FY'21. 

  • Chennai Super Kings Solvency Ratios

Chennai Super Kings D/E Ratio

The company's debt equity ratio is falling in FY'21 compared to FY'20. The reason is that the company's total debt has remained constant in FY'21, which comprises majorly of the optionally convertible debentures issued by the company in 2018 for 5 years worth INR 65 Cr. On the other hand, the company's total equity has increased in FY'21 over FY'20 due to increase in reserves and surplus as a result of the company retaining previous year profits as reserves in FY'21.

Chennai Super Kings Current Ratio

The current assets of the company have increased by 47% in FY'21 over FY'20. This increase is mainly due to the company's trade receivables increasing to INR 22 Cr as a result of the company realizing debtors due in FY'21. On the other hand the current liabilities have only increased by 37% in FY'21 over FY'20 which is attributable to thee increase in trade payables as well as advance received from customers. Since the current assets have had a larger growth compared to current liabilities, the current ratio has increased.

Chennai Super Kings Quick Ratio

Chennai Super Kings Interest Coverage Ratio

The interest expenses of the company have remained stable in FY'21 over FY'20  since the company did not take up any more debt in current year. On the other hand, the company's EBIT has dropped 11% in FY'21 over FY'20 due to decrease in revenue of the company as a result of the IPL getting cancelled due to the pandemic in the country.

  • Chennai Super Kings Operating Efficiency

We can see that the operating ratios took a dip in 2020 but is in a recovering mode now. This is because the total income dropped post FY19 due to covid but the expenses has increased. The expenses have now shown a decrease in 2021 as a result of which all the operating ratios are showing a trend of dropping in 2020 and then rising in 2021.

Chennai Super Kings Operating Profit EBIT Margin(OPM)

Chennai Super Kings Profit Before Tax Margin (PBT Margin)

The PBT margin decreased by almost 50% in 2020 due to the company facing decrease in revenue. The company has managed its resources much better in 2021 and significantly reduced its cost resulting in PBT margin improving.

Chennai Super Kings Profit After Tax Margin (PAT Margin)

The net profit of the company decreased drastically in 2020, further due to lack of revenues as a result of IPL getting cancelled the company’s net profit again decreased in 2021. Since the company significantly decreased its expenses in 2021, it is showing a better profit margin compared to 2020.

  • Chennai Super Kings Profitablity Ratio

The profitability ratios dropped significantly post the FY2019 as the industry faced the impact of the covid-19 pandemic. The company increased its capital employed through 2020 and 2021, yet the net profit continued to drop in 2020 and 2021. The company also increased it’s holding of tangible assets in 2020 which they continue to hold now, where revenues were earlier dropping and now are looking to have stabilised a bit in 2021.

Chennai Super Kings Return on Equity(RoE)

The company's ROE has decreased in FY'21 because the company has faced a decrease in the revenue in FY'21 due to the IPL getting cancelled in 2020, which is the main source of revenue for the company. On the other hand the company's equity has increased due to the company retaining its profits as reserves and surplus. As a result the ROE has decreased.

Chennai Super Kings Return on Capital Employed(RoCE)

Chennai Super Kings Return to Assets (RoA)

The ROA has decreased in FY'21 since the company's total assets have increased by INR 50 Cr in FY'21 over FY'20, which is because of the company investing in fixed deposits as well as increase in the company's receivables. On the other hand the revenue of the company fell by 29% in FY'21 over FY'20, due to hinderance in business continuity and cancellation of IPL in 2020. As a result the company's ROA has decreased.

  • Chennai Super Kings Valuation Ratios

Chennai Super Kings Earning Yield