Chennai Super Kings (CSK) Unlisted Shares

The franchise was suspended for the 2016 and 2017 IPL seasons following a spot-fixing scam. But in 2018, CSK made a historic comeback by winning the IPL 2018 title. CSK has one of the most followed fan bases, especially with the legacy of M.S. Dhoni.

Demerger From India Cements Limited

On September 24, Indian Cements Limited decided to demerge its CSK division into a wholly owned subsidiary. The demerger took effect from 1st Jan 2015. The shareholders of India Cements received shares of CSK in the ratio of 1:1.

CSK's International Expansion

CSK is also involved in cricket beyond the IPL. The franchise has expanded globally with Joburg Super Kings in the South African SA20 League and Texas Super Kings in Major League Cricket (USA).

CSK Business Model

• The company's central revenue streams include organising cricket matches and tournaments, handling team operations, selling tickets, and retailing merchandise such as jerseys and memorabilia.

• It generates additional business by leveraging media rights, sponsorships, advertising deals, and digital platforms related to sports events.

• The company is also involved in broader sports promotion, running academies, coaching camps, and establishing infrastructure like stadiums and training centres.

• Its Memorandum of Association details expansive activities, like developing sports facilities, offering training programs, supporting players, engaging in consultancy, and providing welfare schemes for sports persons and employees.

Fundamental Analysis of Chennai Super Kings Share Price:

• In FY23–24, there was massive growth of over 122%, which some factors like Expansion, Acquisition, or a major increase in demand might drive. But in FY24-25, there was a slight decline of 2.6%, which is not a major concern unless this trend continues in future years.

• In FY23–24, a 513% YoY growth from last year. EBITDA rose more than 5x, showing the company managed its operating costs efficiently, despite the revenue jump. But in FY24-25, there was a decline of 23.8%, which suggests lower margins. It may trigger concern about the sustainability of profits.

• FY23-24 was a breakout year in profitability Net Income increasing over 14x, from Rs.12.8 cr in FY23 to Rs.201.5 cr in FY25. showing that not only did the company grow revenue, but it also converted much of it into profits. But in FY 24-25, a 25% decline on a YoY basis shows one-time gains. Even though profits fell YoY, FY24-25 still shows a very healthy net profit unless the decline continues.

• EPS showed very strong growth in FY23-24 from Rs.0.4 to Rs.6.1, which is around a 1,425% YoY growth, but in the following year, EPS declined from Rs.6.1 to Rs.4.08, a decline of around 33.1% that might be due to lower net income, which could lower investors’ confidence.

Current CSK Market Value Second Highest among All IPL Teams

American Investment Banker Holian Lokey valued IPL’s business at USD 16.4 million (approx. 1,34,858 crores), a 6.5% increase from the previous year. Among all the IPL Franchises, chennai super kings cricket ltd was valued at $231 Million, growing by 9% year on year. 

Thus, csk franchise value has kept its number one tag. For FY 22-23, the franchise reported a 65% increase in Profit After Tax (PAT) at 52.2 crore, as against 31.5 crore in FY 21-22. All this positively affects the market price of csk share. 

It is clear that the CSK share price, which also depends on the company's performance, is expected to grow in the future.

Will CSK Share Price Decrease After Dhoni’s Retirement?

Right from the 1st season of the IPL, MS Dhoni has been the face of CSK. His image and legacy have contributed significantly to brand visibility and fan following. Ultimately adding to the growth of csk shares. However, the former Indian cricket team captain is 42 now, and speculations that this year will be his last are probably true. So, we can expect a drop in csk unlisted share price.

But overall, if CSK can make a good marquee of cricketers that can replace the Dhoni void and win IPL seasons, then csk shares can turn out to be a profitable investment.

Who owns CSK?

CSK is currently owned by Chennai Super Kings Cricket Limited, which is part of India Cements Limited. N. Srinivasan, the Managing Director of India Cements, is the main person behind CSK. He has been involved with the team since it started in 2008. Srinivasan is a well-known businessman and has held top positions in cricket organisations like the Board of Control for Cricket in India (BCCI) and the International Cricket Council (ICC).

Read here to know more: Who is the present owner of CSK?

Why Buy Chennai Super Kings Unlisted Shares?

One of the biggest franchises of the IPL, Chennai Super Kings, has been growing rapidly since its inception. The company's capital has surged to Rs. 7,083 crore, surpassing that of its former owner, India Cements. According to the Economic Times Of India, by 2024, the company's value is expected to be at least $1.5 billion. Let's understand the company's revenue and growth with the following graph.

Team won the prize pool money of IPL 2023, contributing to its earnings and positively affecting the CSK share price. As the brand value of CSK keeps increasing with every season, it is an excellent opportunity for investors to buy csk unlisted shares. In addition, it is the only IPL team that offers its Pre-IPO shares for trading. With less competition, you can expect a good return from its unlisted shares.

How To Buy Chennai Super Kings Unlisted Shares?

Buying and selling unlisted shares can be complex if you're not aware of the process. If you're considering buying CSK unlisted shares and need help with how to go about it, India’s best unlisted shares broking platforms are here to help. There are many factors to consider before applying to unlisted shares, including EPS growth, KPI, EBITDA Margin, Profit & Loss summary, etc. The experts at Stockify will provide you with every valuable piece of information you need.

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