CSK
CSK Unlisted Share
Market Cap ₹ 5547Cr.
Current Price Please Contact
Lot Size 100
52W High ₹ 205
EPS 1.04
P/B 22.3
Face Value 0.1
Debt to Equity 0.26
Stock P/E 172.7
Book Value ₹ 8.1
Company
52W Low ₹ 167
Demat Account Both
ISIN INE852S01026
Valuation
No. of Shares 30.82Cr.
Research see more...
Overview Inc. Year: 2014Industry: Other
CSK Investment Thesis
Company Overview:
Chennai Super Kings (CSK) is a franchise cricket team based in Chennai, Tamilnadu, India. They play in the Indian Premier League (IPL), the team plays its home matches at the M.A Chidambaram Stadium in Chennai. The team is owned by Chennai Super Kings Cricket Ltd and India Cement is the major stakeholder. The team served a two-year suspension from the IPL. The 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 (58.98%). They hold the records of most appearances in the playoffs (eleven) and the Final (nine) of the IPL.
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 $1.2 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 and high growth franchise in the Indian Premier League. The company has a CAGR of 158% in 2022 over 2020 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 various unfavourable 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 61.83% among all teams in IPL, which can also be attributable to the great managerial efficiency that their board possesses. The company also organises Junior Super Kings inter-school T20 tournament every year in Chennai 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.
Revenue Stream:
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Brand Sponsorship:
IPL franchises generate a sizable part of their revenue through brand sponsorships. Franchises tie-up with brands to offer visibility to the brand by endorsing their logos on their jerseys, headgear and team kits. Bigger the logo, the more the money brand has to shell out. Teams also earn from other tournament-related marketing activities organised by their sponsors. Sponsorship revenue reportedly forms around 20-30% of revenue for an IPL team.
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Ticket Sales:
The global pandemic affected India’s biggest sporting gala in 2020 and 2021. However, it was back with a bang this year. Now that the stadiums are full of spectators again, a small portion of ticket sales will be offered to sponsors and the BCCI, the rest goes into the team’s wallet. The ticket prices are determined based on the seating capacity of the stadium, the excitement around the event, the standard of living in the city, and so on. Ticket revenue reportedly forms around 10% of revenue for IPL teams.
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Prize Money:
BCCI offers a colossal amount of prize money to the winning team. This amount varies every year.
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Merchandise Sales:
As per a ResearchAndMarkets report, India's sports equipment and apparel market is estimated to be $28 billion in 2022 and reach $40.6 billion by 2027. Each franchise sells merchandise that includes T-shirts, Caps, Wrist watches and so on and gets a share of money collected from consumers.
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Media Rights:
The official media sponsor of the IPL for the last decade was Sony India, vivo and then it was Dream 11. Disney+Hotstar is declared as the official broadcaster of IPL 2022, which has further onboarded 13 new sponsors including Swiggy, Pristyn Care, Ather Energy, Parle Agro, Livspace, Niyo, Zepo, Niyo, Spotify, L'Oreal, Spinny, ahead of the cricketing extravaganza. IPL is known for its revenue distribution model. The BCCI gets a substantial amount from broadcasters and online streamers. On the basis of IPL team ranking, this amount is distributed among all IPL teams after deducting their fees. Media rights are another way of earning for IPL franchises. In fact, they are the IPL brand's biggest financial contributors.
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Sponsorship Income:
From players bat to the bails on the stamps everything within the stadium has a price tag. The sponsors are the real source of income in the Indian Premium League. All the teams of IPL have sponsors for everything, there is the main sponsor, a jersey sponsor, and even a sleeve sponsor, which hugely contributes to the overall income. The teams tie-up with organizations to promote brands in return for an exorbitant amount of money.
Key Strength:
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Strong growth rate has been observed
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Lack of Peer Competitor
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Strong Brand Value
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Increasing CAGR value
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Team CSK is driven under the strong Captainship of M.S Dhoni.
Shareholding Pattern:
Peers:
Financials:
Valuation:
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The company had a massive increase in revenue in 2022. The revenue of company has grown by 37.4% in FY22.
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The company's book value per share has increased in FY22 over FY'21 due to increase in the total equity of the company. The increase in equity is attributable to the increase in reserves and surplus.
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Cash flow from operations has been decreased by 51.2% in FY22.
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Cash flow from investing is increased by 300% in FY22 over FY21.
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Current asset of company is increased by 32% in FY22 over FY21 on the other hand current liability is also increased due to increase in trade payables.
News:
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CSK parent buys Johannesburg franchise of South Africa’s new T20 league; IPL team owners buy all six teams.
https://www.moneycontrol.com/news/cricket/csk-parent-buys-johannesburg-franchise-of-south-africas-new-t20-league-ipl-team-owners-buy-all-six-teams-8857511.html
CSK Unlisted Shares: FAQs
1. Is trading in Chennai Super Kings Cricket Limited's unlisted shares legal in India?
Yes trading in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market through various platforms like NRNFincaap.com.
2. Is unlisted shares regulated by SEBI?
No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more.
3. Where can I get the best Chennai Super Kings Cricket Limited unlisted share price?
You will get the best price for Chennai Super Kings Cricket Limited and a hassle-free buying experience only on NRNFincaap.com platform.
4. How can I buy Chennai Super Kings Cricket Limited's unlisted shares?
Chennai Super Kings Cricket Limited's unlisted shares can be easily purchased at NRNFincaap.com by following a few easy steps. Given below are the steps involved in the buying of these shares:
Step 1 - Confirmation on the number of shares you want to purchase of Chennai Super Kings Cricket Limited at a trading price.
Step 2 - Submission of the necessary document like your Client Master Report. Certain additional documents will also be asked for by our representative if required such as a cancelled cheque and your PAN Card if you are paying from a secondary bank account which is not mentioned in your CMR.
Step 3 - The NRNFincaap.com representative will share the account details so that you can transfer the trade amount into the account.
Step 4 - The shares of Chennai Super Kings Cricket Limited will reflect in your Demat account within 24 hours as soon as the payment is received and depending on the holidays. Our details would be available to you before the transfer.
5. How can I sell Chennai Super Kings Cricket Limited unlisted shares?
Chennai Super Kings Cricket Limited's unlisted shares can be easily sold at NRNFincaap.com by following a few easy steps. Given below are the steps involved in the of selling of these shares:
Step 1- Confirmation on the number of shares you want to sell of Chennai Super Kings Cricket Limited and at what price you want to sell.
Step 2- At NRNFincaap, we will find a suitable buyer for you according to your requirements and if you accept the trade we will move on to the transfer and the payment aspect of the trade.
Step 3- The NRNFincaap representative will provide you with the Demat account details to transfer your Chennai Super Kings Cricket Limited shares. They will also notify you about the additional details required from your end before the transfer of shares such as client master copy, delivery instruction slip, and more.
Step 4- Once the transfer is complete, the payment would be credited to your bank account within 24 hours, depending on the holidays.
6. What is the minimum ticket size for investment in Chennai Super Kings Cricket Limited unlisted shares?
Over the years the minimum ticket size for investment has dropped as more and more people have started investing in the Unlisted market. Currently, the minimum ticket size for Chennai Super Kings Cricket Limited is between 30K to 50K.
7. How to check if Chennai Super Kings Cricket Limited shares are credited to my account?
Brokers or dealers provide you with a trading facility means you can buy and sell shares with your broker but when you buy shares the Depository holds your shares. There are mainly two depositories NSDL and CDSL.
If you want to check your shares in NSDL and CDSL you need to download the application (NSDL Speede App or CDSL myeasi).
- You need to download the Application.
- Login or Register yourself.
- Fill in your DP Id and Client Id (NSDL DP Id starts with IN and CDSL DP & Client Id in numeric).
- After registration, log on to your account and go to Dashboard.
- You can see all your holding (Listed, Unlisted, Mutual Fund) there.
8. What will be the tax bearing on Chennai Super Kings Cricket Limited?
The taxation on the Chennai Super Kings Cricket Limited shares may vary depending on 2 Factors:
- Short-term capital or long-term capital.
- Pre-IPO stage (unlisted shares) or Post-IPO stage (listed shares)
Short-term capital
Unlisted shares - In unlisted shares, the taxation of short-term capital gain i.e. less than 24 months is taxable according to the investor's income tax slab.
Listed Shares - In listed shares, the taxation for short-term capital gains i.e. less than 12 months is at 15%
Long-term capital
Unlisted shares - The taxation for long-term capital gain i.e. more than 24 months is taxable at 20% with indexation benefits.
Listed Shares - The taxation for long-term capital gains i.e. more than 12 months is at 10% after an exemption of 1 lakh. There are no indexation benefits in listed shares.
9. What is the lock-in period of Chennai Super Kings Cricket Limited shares?
According to the current rule issued by SEBI last year in August 2021, the lock-in period is brought down from 1 year to 6 months. This was done to entice more investors to invest their money in pre-IPO companies and startups. The lock-in period of Chennai Super Kings Cricket Limited varies depending on which type of investor you are:
- Foreign Venture Capital Investor - These investors have a lock-in period of 6 months from the procurement date of Chennai Super Kings Cricket Limited shares.
- Alternative Investment Funds II - These investors don't have to serve any lock-in period.
- Other investors - These investors include body corporate, retail, high net-worth individuals. The lock-in period for them is 6 months from the date of listing of Chennai Super Kings Cricket Limited enlisted shares.
10. How to check Chennai Super Kings Cricket Limited unlisted share price daily?
You can check daily share prices of companies on our website or register with us using your phone number where you will get daily whatsapp updates on company news and other essential informations.