Chennai Super Kings Cricket Ltd (CSK)

₹175 - ₹189.2

Platform	Last Traded Price	Min Quantity
★★★★☆	₹175	100
★★★★★	₹177	100
★★★★★☆	₹178	100
★★★★☆	₹183	100
★★★★☆☆	₹183	100

★★★★☆

LTP:₹175

Min Qty:100

★★★★★

LTP:₹177

Min Qty:100

★★★★★☆

LTP:₹178

Min Qty:100

★★★★☆

LTP:₹183

Min Qty:100

★★★★☆☆

LTP:₹183

Min Qty:100

Strengths & Weaknesses

Strengths

Strong Fan Base: CSK boasts one of the most loyal and passionate fan bases in the IPL, which significantly boosts their brand value and attracts better team sponsorships.

Consistent Team Performance: They have won the IPL title 5 times (2010, 2011, 2018, 2021 and 2023), and competed in 5 more finals. They are able to boost their revenues by getting a higher share of the prize money.

Talent Nurturing: CSK has been opening academies for young cricketers which will aid in spotting talent, helping reduce the wage burden of the team.

Strength of IPL brand: IPL as a brand has strengthened with broadcasting rights growing from Rs. 3,300 Cr p.a. from 2018-2022 to Rs. 9,678 Cr p.a. from 2023 to 2027. As per the revenue sharing model with the BCCI, each team is likely to receive a windfall of Rs. 280-300 Cr additional revenue without an associated cost.

Expansion to different leagues: CSK has also established teams in the T20 league of South Africa (Joburg Super Kings) and in the US Major League Cricket (Texas Super Kings). This will help CSK create brand loyalty for the Indian franchisee as well as generate revenue from other franchisees.

Weaknesses

Retirement of MS Dhoni: MS Dhoni has been the biggest ambassador of CSK and his impending retirement can impact the brand loyalty of the franchisee.

Dependence on BCCI: Changes in league policies or regulations by the BCCI can impact revenue structures and operational strategies

Balance Sheet	FY24	FY23	FY22	FY21	FY20	FY19
Equity Capital	3.8	3.1	3.1	3.1	3.08	3.08
Reserves	524.2	258.4	245.7	214.1	172.8	122.4
Total Equity	528.0	261.5	248.7	217.2	175.9	125.5
Borrowings	0.0	0.0	0.0	63.9	65.0	65.0
Other Non-Current Liabilities	4.5	4.8	0.5	1.5	0.2	0.1
Total NC Liabilities	4.5	4.8	0.5	65.4	65.1	65.0
Borrowings	0	65.0	64.5	0	0	0
Other Current Liabilities	306.6	129.4	76.9	33.6	24.6	125.6
Total Current Liabilities	306.6	194.4	141.4	33.6	24.6	125.6
Equity + Liabilities	839.1	460.7	390.6	316.2	265.6	316.2
Fixed Assets (incl. WIP)	255.5	159.9	129.9	141.28	143.25	3.51
Other Non Current Assets	12.0	28.7	53.3	25.6	21	126.47
Total NC Assets	267.5	188.5	183.1	166.9	164.25	129.98
Trade Receivables	51.5	6.5	37.4	21.92	3.58	12.62
Cash & Cash Equivalents	166.7	25.5	135.5	121.8	89.17	145.94
Other Current Assets	353.2	240.1	34.6	5.6	8.6	27.6
Total Current Assets	571.5	272.1	207.4	149.32	101.35	186.18
Total Assets	839.1	460.7	390.6	316.2	265.6	316.2

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue from Operations	695.5	305.9	341.1	247.8	350.2	410.5
Growth %	127%	-10%	38%	-29%	-15%	0
Operating Expenses	431.8	277.8	299.7	185.9	282.3	254.1
Growth %	55%	-7%	61%	-34%	11%	0
Operating Profit	263.6	28.1	41.3	61.9	67.9	156.4
PBT	279.2	32.1	40.7	59.2	67.2	156.8
PAT	201.5	13.7	31.4	40.2	50.3	111.2
Growth	1365.4%	-56.3%	-21.9%	-19.9%	-54.8%	0
PAT %	29%	4%	9%	16%	14%	27%

Shareholding Pattern

Color	Shareholder	Holding
	EWS Finance & Investments Private Ltd	36.22%
	Sri Saradha Logistics Private Limited	5.60%
	Mrs. Rupa Gurunath	5.26%
	LIC	4.90%
	Others	48.02%

Fundamentals

Quick Insights

Chennai Super Kings (CSK) is one of the most successful and popular franchises in the Indian Premier League (IPL). Established in 2008, the team is based in Chennai, Tamil Nadu, and is owned by Chennai Super Kings Cricket Ltd., with India Cements being a key stakeholder. CSK has been one of the most successful teams in IPL winning the trophy 5 times (2010, 2011, 2018, 2021 and 2023) and being a runner-up another 5 times. The team's home ground is the M. A. Chidambaram Stadium in Chennai, commonly referred to as "The Chepauk." CSK has one of the most loyal fan bases amongst other IPL teams with Mahendra Singh Dhoni (MSD) popularity and longevity contributing significantly to the fan base.

Market Cap₹7,398.79 Cr

PE Ratio36.04

EPS₹5.41

Dividend Yield-

Book Value₹17.1 Cr

Debt/Equity-

Price/Book11.4

Price/Sales-

Industry PE-

Sales₹695.45 Cr

Profit After Tax₹201.5 Cr

Share Capital₹3.8 Cr

Shares Outstanding-

ISININE852S01026

SectorSports

SymbolCSK

About Company

Chennai Super Kings (CSK) is one of the most successful and popular franchises in the Indian Premier League (IPL). Established in 2008, the team is based in Chennai, Tamil Nadu, and is owned by Chennai Super Kings Cricket Ltd., with India Cements being a key stakeholder.

Quick Insights

Chennai Super Kings (CSK) is one of the most successful and popular franchises in the Indian Premier League (IPL). Established in 2008, the team is based in Chennai, Tamil Nadu, and is owned by Chennai Super Kings Cricket Ltd., with India Cements being a key stakeholder. CSK has been one of the most successful teams in IPL winning the trophy 5 times (2010, 2011, 2018, 2021 and 2023) and being a runner-up another 5 times. The team's home ground is the M. A. Chidambaram Stadium in Chennai, commonly referred to as "The Chepauk." CSK has one of the most loyal fan bases amongst other IPL teams with Mahendra Singh Dhoni (MSD) popularity and longevity contributing significantly to the fan base.

Market Cap₹7,398.79 Cr

PE Ratio36.04

EPS₹5.41

Dividend Yield-

Book Value₹17.1 Cr

Debt/Equity-

Price/Book11.4

Price/Sales-

Industry PE-

Sales₹695.45 Cr

Profit After Tax₹201.5 Cr

Share Capital₹3.8 Cr

Shares Outstanding-

ISININE852S01026

SectorSports

SymbolCSK

About Company

Strengths

Strong Fan Base: CSK boasts one of the most loyal and passionate fan bases in the IPL, which significantly boosts their brand value and attracts better team sponsorships.

Talent Nurturing: CSK has been opening academies for young cricketers which will aid in spotting talent, helping reduce the wage burden of the team.

Weaknesses

Retirement of MS Dhoni: MS Dhoni has been the biggest ambassador of CSK and his impending retirement can impact the brand loyalty of the franchisee.

Dependence on BCCI: Changes in league policies or regulations by the BCCI can impact revenue structures and operational strategies

Annual Reports

FY 2021 FY 2022 FY 2023 FY 2024

Balance Sheet	FY24	FY23	FY22	FY21	FY20	FY19
Equity Capital	3.8	3.1	3.1	3.1	3.08	3.08
Reserves	524.2	258.4	245.7	214.1	172.8	122.4
Total Equity	528.0	261.5	248.7	217.2	175.9	125.5
Borrowings	0.0	0.0	0.0	63.9	65.0	65.0
Other Non-Current Liabilities	4.5	4.8	0.5	1.5	0.2	0.1
Total NC Liabilities	4.5	4.8	0.5	65.4	65.1	65.0
Borrowings	0	65.0	64.5	0	0	0
Other Current Liabilities	306.6	129.4	76.9	33.6	24.6	125.6
Total Current Liabilities	306.6	194.4	141.4	33.6	24.6	125.6
Equity + Liabilities	839.1	460.7	390.6	316.2	265.6	316.2
Fixed Assets (incl. WIP)	255.5	159.9	129.9	141.28	143.25	3.51
Other Non Current Assets	12.0	28.7	53.3	25.6	21	126.47
Total NC Assets	267.5	188.5	183.1	166.9	164.25	129.98
Trade Receivables	51.5	6.5	37.4	21.92	3.58	12.62
Cash & Cash Equivalents	166.7	25.5	135.5	121.8	89.17	145.94
Other Current Assets	353.2	240.1	34.6	5.6	8.6	27.6
Total Current Assets	571.5	272.1	207.4	149.32	101.35	186.18
Total Assets	839.1	460.7	390.6	316.2	265.6	316.2

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue from Operations	695.5	305.9	341.1	247.8	350.2	410.5
Growth %	127%	-10%	38%	-29%	-15%	0
Operating Expenses	431.8	277.8	299.7	185.9	282.3	254.1
Growth %	55%	-7%	61%	-34%	11%	0
Operating Profit	263.6	28.1	41.3	61.9	67.9	156.4
PBT	279.2	32.1	40.7	59.2	67.2	156.8
PAT	201.5	13.7	31.4	40.2	50.3	111.2
Growth	1365.4%	-56.3%	-21.9%	-19.9%	-54.8%	0
PAT %	29%	4%	9%	16%	14%	27%

Shareholding Pattern

Color	Shareholder	Holding
	EWS Finance & Investments Private Ltd	36.22%
	Sri Saradha Logistics Private Limited	5.60%
	Mrs. Rupa Gurunath	5.26%
	LIC	4.90%
	Others	48.02%

Board of Directors

Sri R. SrinivasanChairman

Sri K.S.ViswanathanWhole-time Director & CEO

Sri. L SabaretnamDirector

Sri Rakesh SinghDirector

Sri PL. SubramanianDirector

Sri B.KalyanasundaramDirector

Sri K.RamgopalDirector

Smt. E. JayashreeDirector

Senior Management

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