₹167
*Average Price as per 8 September, 2024
Fundamentals
FACE VALUE
0.1
BOOK VALUE
13.92
NO OF SHARES
379425004
EPS
6.14
SALES
695.45
INDUSTRY PE
0
DIVIDEND
0
DIVIDEND YIELD
0
PE
36.97
PB
16.31
PS
12.38
MARKET CAP
8612.95
EQUITY
3.79
PAT
201.49
MESSAGE
2023-24
OVERVIEW
In September 2014, the Chennai Super Kings’ parent business, India Cements, made the decision to demerge the IPL franchise to a wholly-owned subsidiary, CSKCL. Chennai Super Kings remained owned by India Cements after being converted from a division to a 100% subsidiary. In 2008, India Cements made a $91 million proposal for the Chennai franchise and the sum that needed to be paid in ten years. The company set a record date of October 9, 2015, with the intention of distributing CSKCL shares in the ratio of 1:1 to India Cements Ltd. Shareholders.
• Chennai Super Kings (CSK) is more than just an IPL team - it's a global cricket powerhouse
• Not content with dominating the Indian cricket scene, CSK has recently ventured into the South Africa T20 (SA20) league with its Johannesburg-based franchise named Joburg Super Kings
• The CEO of CSK, Mr. Kasi Viswanathan, has stated that the team plans to be the world's leading T20 franchise by 2030
• To reach this ambitious target, CSK is planning to invest a whopping Rs. 150-200 crores in building a High-Performance Centre at Navalur - a move that's sure to boost the team's training and development capabilities to new heights
·On June 15, 2022, the Indian Premier League (IPL) achieved a significant milestone when the BCCI sold the media rights for the 2023–2027 season for Rs 48,075 Cr. TV rights brought in Rs 22,575 Cr, while internet rights brought in Rs 21,500 Cr for 410 matches. Read more about how IPL 2023 Ad Revenue Crossed. Rs 10,000 Cr!
·TV Rights for the Indian subcontinent have been sold to The Walt Disney Company India owned Star, while the digital rights have been bagged by Viacom18. The league signed a major title deal with TATA for Rs, 670 Cr.
·The Five Year revenue just from IPL Media Rights stands at upwards of Rs 2400 Cr for Chennai Super Kings (CSK) from FY 2023 onwards.
·IPL Media Rights for the period 2018-22: Star Sports had picked up the composite rights for Rs 16,347 Cr. By virtue of these rights, the revenue share of franchises over the next 5-year period was 50% of the above amount after deducting the production expenses incurred during the season.
·The league also signed a major title deal with VIVO for Rs, 2199 crore for the same period. ( 2018-2022). A combination of sponsorship and media rights ensures, the franchise will receive over Rs 1000 crore in the form of central revenue over the next five years from the BCCI-IPL. However, the Franchisees have to share 20% of the income with BCCI.
CSK recently entered into an agreement with Gulf carrier Etihad Airways to become its official sponsor in 2024. CSK has a lot of brands under its belt like – The Muthoot Group, India Cements, Jio, Dream 11 etc.
INSIGHT
Consolidated Financial Summary
· Mumbai Indians owned by Reliance Industries - a brand value of $190 million.
· Kolkata Knight Riders owned by Red Chillies Entertainment is estimated at $181 million approx.
· Royal Challengers Bangalore backed by United Spirits of Vijay Mallya earlier, now Diageo is estimated brand value of $195 million.
Chennai Super Kings
As of 2023, CSK boasts the highest brand value among all IPL teams, estimated at $212 million.
However, Forbes recently valued the company around $1.15 billion, ranking second among IPL teams behind Mumbai Indians. Read more about Chennai Super Kings – FY2022 Highlights.
CSK Unlisted Shares were introduced into the unlisted market in April-21 at a price of 74 per share and the stock made a low of 64 in June-21. The stock then went up by more than 3x and made a high of 229 in April-22 and the stock then went into a correction and closed at around 165 in March-23. Since then the stock has almost remained range bound at a range of 150 to 193. For more insights on CSK Pre-IPO share journey consider reading this blog. CSK unlisted share price has gone from 20Rs to 200Rs a 10X increase in barely 3 years.
SECONDARY NAME
ISIN
CDSL
NSDL
INDUSTRY
SECTOR (READ ONLY)
SHARE HOLDINGS
Name of Shareholder | Holdings |
---|---|
India Cements Shareholder Trust | 30.06 % |
Shri Saradha Logistics Private Limited | 6.88 % |
Life Insurance Corporation of India | 6.04 % |
ELM Park Fund Ltd | 4.99 % |
Radhakishan S Damani | 2.94 % |
HIRTLE Callaghan Emerging Markets Portfolio | 2.87 % |
Dreyfus International Funds INC | 1.77 % |
The Boston Company INC Pooled Employee Funds Emerging Markets Value Equity Fund | 1.6800000000000002 % |
Dimensional Emerging Markets Value Fund | 1.65 % |
Government Pension Fund Global | 1.52 % |
Other | 39.6 % |
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