Chennai Super Kings Cricket Limited
Company Overview
The Chennai Super Kings (CSK) are a franchise cricket team based in Chennai, Tamil Nadu, which plays in the Indian Premier League (IPL). Founded in 2008, the team plays its home matches at the M. A. Chidambaram Stadium in Chennai. The team served a two-year suspension from the IPL starting July 2015 for the alleged involvement of their owners in the 2013 IPL betting case, and won the title in its comeback season. The team is captained by Mahendra Singh Dhoni and coached by Stephen Fleming. The Super Kings have lifted the IPL title thrice (in 2010, 2011 and 2018)
Franchise History
In September 2007, the Board of Control for Cricket in India (BCCI) announced the establishment of the Indian Premier League, a Twenty20 competition to be started in 2008. In January 2008, the BCCI unveiled the owners of eight city-based franchises. The Chennai franchise was sold to the India Cements for $91 million, making it the fourth most expensive team in the league behind Mumbai, Bangalore and Hyderabad.
India Cements acquired the rights to the franchise for 10 years. Former ICC Chairman N. Srinivasan was the de facto owner of the Chennai Super Kings, by means of his position as the vice-chairman and managing director of India Cements Ltd. The franchisee was transferred to a separate entity named Chennai Super Kings Cricket Ltd., after the Supreme Court of India struck down the controversial amendment to the BCCI constitution’s clause 6.2.4 that allowed board officials to have a commercial interest in the IPL and the Champions League Twenty20 on 22 January 2015.
| id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
|---|---|---|---|---|---|---|
| 158 | 36 | Chennai Super Kings Cricket Ltd | Others | 175669328 | 0 | 2021-03-31 |
| 155 | 36 | Chennai Super Kings Cricket Ltd | India Cements Shareholders trust | 92632408 | 0 | 2021-03-31 |
| 156 | 36 | Chennai Super Kings Cricket Ltd | Sri Saradha Logistics Private Limited | 21241593 | 0 | 2021-03-31 |
| 157 | 36 | Chennai Super Kings Cricket Ltd | LIC | 18609745 | 0 | 2021-03-31 |
| id | company_master_id | company | shareholder | sharesNo | shareHolding | dateOfUpdate |
Revenue Segment
Share Holding
Revenue & Margins
% Margins
Company Financials
| Profit and Loss Account (₹ in Crores) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue from Operations | 247.83 | 341.05 | 305.85 |
| Other Income | 5.86 | 8.09 | 19.44 |
| Total Income | 253.69 | 349.14 | 325.29 |
| Cost of Operations | 179.42 | 281.59 | 268.04 |
| EBITDA | 67.79 | 49.42 | 47.48 |
| EBITDA % | 26.72 | 14.15 | 14.6 |
| EBIT | 64.46 | 47.02 | 42.45 |
| EBIT % | 25.41 | 13.47 | 13.05 |
| PBT | 59.2 | 41.34 | 32.16 |
| PBT % | 23.34 | 11.84 | 9.89 |
| TAX | 18.94 | 9.21 | 18.35 |
| NPAT | 40.26 | 32.13 | 13.78 |
| NPAT % | 15.87 | 9.2 | 4.24 |
| EPS (Basic) in ₹ | 1.31 | 1.04 | 0.42 |
| EPS (Diluted) in ₹ | 1.16 | 0.95 | 0.34 |
| Dividend Per Share (in ₹) | 0 | 0 | 0 |
Sources of funds
Application of funds
| Balance Sheet (₹ in Crores) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Share Capital | 3.08 | 3.08 | 3.08 |
| Reserves | 213.03 | 245.15 | 258.44 |
| Networth | 216.11 | 248.23 | 261.52 |
| Long Term Borrowings | 65 | 0 | 0 |
| Short Term Borrowings | 0 | 65 | 65 |
| Current Liabilities | 33.64 | 141.72 | 194.37 |
| Non-Current Assets | 166.95 | 350.68 | 188.53 |
| Current Assets | 149.28 | 207.27 | 272.12 |
| Total Assets | 316.22 | 557.95 | 460.65 |
| Cash Bank Balance | 121.8 | 135.35 | 25.52 |
| Trade Receivables | 21.92 | 37.4 | 6.48 |
| Trade Payables | 13.54 | 28.23 | 3918 |
| Inventory | 0 | 0 | 0 |
| Cash Flow Statement (₹ in Crores) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Cash flow from operating Activities | 36.88 | 16.07 | 94.95 |
| Cash flow from Investing Activities | 1 | 3.15 | 195.08 |
| Cash flow from Financing Activities | -5.26 | -5.67 | -9.79 |
| Net Cash-Flow | 32.62 | 13.55 | 280.24 |
KEL %
SHEELA %
| Price Multiples as on 2021-05-08 | |
|---|---|
| Face Value Per Share (in ₹) | 0.1 |
| Price Per Share (in ₹) | 170 |
| P/E | 500 |
| P/B | 20.03 |
| Dividend Yield | 0 % |
| Price / Sales | 17.13 |
| Market Cap (₹ in Crores) | 5239 |
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