Chennai Super Kings Limited (CSK) Unlisted Shares – Company Overview
Chennai Super Kings Limited is an Indian franchise cricket team located in Chennai. The cricket team is known as the Chennai Super Kings. The Chennai Super Kings participate in the Indian Premier League (IPL). The team started playing in the first IPL season in 2008. M.A. Chidambaram Stadium in Chennai is the home stadium of the Chennai Super Kings.
Chennai Super Kings was banned for two years from the IPL, from 2015 to 2017, due to the alleged participation of their owners in the IPL 2013 betting case. The team returned to play in 2018 and won the championship that year. In total, the Chennai Super Kings have won three IPL seasons: 2010, 2011, 2018 and 2021.
The team holds the record for most occurrences in the IPL playoffs. Moreover, the team has played in eight finals of the IPL. Other than the IPL, they have won the Champions League Twenty20 twice, in 2010 and 2014.
Mahendra Singh Dhoni has been the captain of the Chennai Super Kings since their first match.
In September 2014, India Cements approved the demerger of Chennai Super Kings (a cricket team) into a wholly-owned subsidiary by transferring its net assets at cost. Chennai Super Kings Cricket Limited now owns the team (Chennai Super Kings).
The Chennai Super Kings' unlisted share price increased as a result of the revelation that there would be two additional teams competing in the 2022 IPL season.
Chennai Super Kings Cricket Limited Share Details as of March 31, 2024
CSK Outstanding Shares: |
379,425,004 |
Face Value of CSK Unlisted Share: |
Rs. 0.1 Per Equity Share |
ISIN of CSK Unlisted Share: |
INE852S01026 |
Lot Size of CSK Unlisted Share: |
1000 Shares |
CSK Share Price: |
Best in Industry |
PAN Number of CSK: |
AAFCC8730K |
GST Number of CSK: |
33AAFCC8730K1ZK |
Incorporation Details of Chennai Super Kings Limited
CIN of CSK |
U74900TN2014PLC098517 |
Registration Date CSK |
19 December 2014 |
Category / Sub-Category of CSK |
Company Limited by Shares/ Non- govt Company |
CSK Registered Office Address |
‘Dhun Building’ 827, Anna Salai Chennai – 600002 |
CSK Registrar and Transfer Agent Contact Details |
Integrated Registry Management Services private limited 2nd Floor, “Kences Towers” No.1, Ramakrishna Street, North Usman Road T. Nagar, Chennai – 600017 Phone: 044-28140801 to 28140803 |
Principal Business Activities of Chennai Super Kings Limited
| Name and Description of main products/services | NIC Code of the product/service | % to the total turnover of the Company |
| Sports Activities and Amusement and Recreation Activities | 931 | 100% |
Board of Directors of CHENNAI SUPER KINGS CRICKET Limited
| Board of Directors Constituents |
| Sri R. SRINIVASAN |
| Sri K.S. VISWANATHAN |
| Sri RAKESH SINGH |
| Sri PL. SUBRAMANIAN |
| Sri B. KALYANASUNDARAM |
| Sri K. RAMGOPAL |
| Smt. E. JAYASHREE |
CHENNAI SUPER KINGS CRICKET Company Limited's Particulars of Holding, Subsidiaries, & Associate Companies
| S.no | Name of the Company | Subsidiary / Associate | % of shares held |
| 1 | Superking Ventures Private Limited | Subsidiary | 100.00% |
| 2 | Joburg Super Kings (Pty) Ltd | Subsidiary | 100.00% |
CHENNAI SUPER KINGS CRICKET Limited Shareholding Pattern (As of 31-03-2024)
| S. No. | Shareholder’s Name | No. of Shares | % of total Shares of the company |
| 1 | Promoter | 158,016,303 | 41.65% |
| 2 | Public Shareholding | 2,214,08,701 | 58.35% |
| Total | 37,94,25,004 | 100.00% |
Chennai Super Kings Cricket Limited Consolidated Balance Sheet (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
| Non-Current Assets | ||
| Property, Plant and Equipment | 20,745.18 | 14,285.83 |
| Capital work-in-progress | 4,811.48 | 1,701.11 |
| Intangible Assets | 265.13 | 311.93 |
| Investments | 651.37 | 651.37 |
| Other Financial Assets | 44.41 | 12.34 |
| Deferred Tax Assets | 50.72 | 93.37 |
| Other Non-Current Assets | 189.93 | 1,797.52 |
| Current Assets | ||
| Inventories | 86.00 | |
| Trade Receivables | 5,158.13 | 648.23 |
| Cash and Cash Equivalents | 16,675.84 | 2,552.37 |
| Loans | 28,935.51 | 18,069.00 |
| Other Financial Assets | 880.80 | 913.42 |
| Other Current Assets | 5,416.64 | 5,029.34 |
| Total Assets | 83,911.14 | 46,065.83 |
| Equity | ||
| Equity Share Capital | 379.43 | 308.15 |
| Other Equity | 52,420.45 | 25,844.66 |
| Non-Current Liabilities | ||
| Lease Liabilities | 372.70 | 411.97 |
| Provisions | 83.50 | 63.20 |
| Current Liabilities | ||
| Borrowings | - | 6,500.00 |
| Lease Liabilities | 117.19 | 71.63 |
| Trade Payables | ||
| Total outstanding dues of micro enterprises and small enterprises | - | 10.15 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 800.70 | 3,918.59 |
| Provisions | 7.61 | 4.81 |
| Other Current Liabilities | 29,098.91 | 8,932.67 |
| Current Tax Liabilities (Net) | 630.65 | - |
| Total Equity and Liabilities | 83,911.14 | 46,065.83 |
Chennai Super Kings Cricket Limited Consolidated Profit & Loss Statement (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
|---|---|---|
| Revenue | ||
| Revenue from Operations | 69,545.17 | 30,585.81 |
| Other Income | 2,782.87 | 1,944.30 |
| Total Revenue | 72,328.04 | 32,530.11 |
| Expenses | ||
| Changes in Inventories of Finished Good | 17.51 | - |
| Cost of Operations | 41,841.28 | 26,804.93 |
| Employee benefits expense | 667.96 | 380.44 |
| Finance costs | 755.94 | 1,029.85 |
| Depreciation and amortisation expense | 473.98 | 503.38 |
| Other expenses | 655.57 | 597.78 |
| Total Expenses | 44,412.24 | 29,316.38 |
| Profit Before Tax | 27,915.80 | 3,213.73 |
| Current Tax | 7,723.71 | 1,864.48 |
| Deferred Tax | 42.65 | -29.26 |
| Profit for the period | 20,149.44 | 1,378.51 |
| Other Comprehensive Income / (Loss) | ||
| Items that will not be reclassified to Profit or (Loss): | ||
| Remeasurement of net defined benefit Plan | 10.89 | 1.49 |
| Income tax relating to Items that will not be reclassified to Profit or Loss | 0.51 | -3.11 |
| Items that will be reclassified to Profit or (Loss): | ||
| Income tax relating to Items that will be classified to Profit or Loss | -13.79 | -97.68 |
| Total Comprehensive Income | 20,147.05 | 1,279.21 |
| Earnings per equity share (Face value of Rs. 0.10 each) | ||
| Basic | 6.14 | 0.42 |
| Diluted | 5.41 | 0.34 |
| Earnings per equity share for continuing and discontinued operations | ||
| Basic | 6.14 | 0.42 |
| Diluted | 5.41 | 0.34 |
Chennai Super Kings Cricket Limited Consolidated Cash Flow Statement (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
| Cash Flow from Operating Activities | ||
| Net Profit before exceptional items and tax | 27,915.80 | 3,213.73 |
| Other Comprehensive Income | -2.38 | -99.30 |
| Adjustments for | ||
| Depreciation | 473.98 | 503.37 |
| Finance costs | 755.94 | 1,029.85 |
| Interest income | -2,782.87 | -1,944.30 |
| Operating Profit before Working Capital Changes | 26,360.47 | 2,703.36 |
| Inventories | -86.00 | - |
| Trade Receivables | -4,509.90 | 3,092.25 |
| Other Financial Assets | 0.55 | -129.54 |
| Other Assets | 1,220.29 | 473.46 |
| Trade payables | -3,128.04 | 1,103.68 |
| Other Current liabilities | 20,166.24 | 4,088.02 |
| Provisions | 653.78 | 28.83 |
| Cash Generated From Operations | 40,677.39 | 11,360.16 |
| Direct Taxes | -7,723.71 | -1,864.50 |
| Net cash from Operating activities | 32,953.68 | 9,495.66 |
| Cash Flow from Investing Activities | ||
| Purchase of Fixed Assets/ Intangibles | -9,990.63 | -2,738.76 |
| Purchase of Investments | - | -651.37 |
| Loans | -10,866.51 | -18,063.00 |
| Interest income | 2,781.87 | 1,944.30 |
| Net cash from Investing activities | -18,074.27 | -19,508.83 |
| Cash Flow from Financing Activities | ||
| Interest paid | -755.94 | -1,029.85 |
| Net cash from Financing Activities | -755.94 | -1,029.85 |
| Net (decrease) / increase in cash and cash equivalents | 14,123.47 | -10,992.53 |
| Cash and cash equivalents at the beginning of the period | 2,552.37 | 13,544.90 |
| Cash and cash equivalents at the end of the period | 16,675.84 | 2,552.37 |
| Components of Cash & Cash Equivalents: | ||
| Cash on hand | 0.09 | 0.01 |
| Balance(s) In current accounts | 15,087.71 | 2,552.36 |
| Fixed deposit with banks | 1,588.04 | - |
| Total Cash and Cash Equivalents | 16,675.84 | 2,552.37 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities: The company experienced a substantial increase in net profit before exceptional items and tax, rising to Rs. 27,915.80 lakhs from Rs. 3,213.73 lakhs in the previous year. Despite a negative Other Comprehensive Income, the company’s operational cash flow was robust. Adjustments for non-cash items included depreciation and finance costs, and interest income was accounted for. The adjustments led to an operating profit before working capital changes of Rs. 26,360.47 lakhs, a notable increase from Rs. 2,703.36 lakhs in the prior year. Changes in working capital were significant, with substantial increases in trade receivables, trade payables, other current liabilities, and provisions. The overall cash generated from operations surged to Rs. 40,677.39 lakhs from Rs. 11,360.16 lakhs. After accounting for direct taxes of Rs. 7,723.71 lakhs, net cash from operating activities rose to Rs. 32,953.68 lakhs from Rs. 9,495.66 lakhs, reflecting a strong operational performance.
Cash Flow from Investing Activities: The investing activities show a significant cash outflow. The company invested Rs. 9,990.63 lakhs in fixed assets and intangibles, compared to Rs. 2,738.76 lakhs in the previous year. It also made loans amounting to Rs. 10,866.51 lakhs, though there was no new purchase of investments this year. The interest income from investments was Rs. 2,781.87 lakhs. The net cash used in investing activities totaled Rs. 18,074.27 lakhs, a decrease from Rs. 19,508.83 lakhs last year, reflecting substantial investment in assets and loans.
Cash Flow from Financing Activities: The company’s financing activities involved interest payments of Rs. 755.94 lakhs, which is lower compared to Rs. 1,029.85 lakhs in the previous year. The net cash used in financing activities was Rs. 755.94 lakhs, also lower than the previous year 's Rs. 1,029.85 lakhs.
Net Increase in Cash and Cash Equivalents: The net effect of the above activities resulted in an increase in cash and cash equivalents by Rs. 14,123.47 lakhs, contrasting with a decrease of Rs. 10,992.53 lakhs in the previous year. The cash and cash equivalents at the beginning of the period were Rs. 2,552.37 lakhs, and at the end of the period, they stood at Rs. 16,675.84 lakhs. This increase is indicative of a strong cash flow position, with components including cash on hand, current account balances, and fixed deposits.
Financial Ratios of Chennai Super Kings Cricket Limited
| Particulars | 2024 | 2023 |
| Current Ratio (in times) | 1.86 | 1.4 |
| Debt-Equity Ratio (in times) | - | 0.05 |
| Debt service coverage ratio | 35.43 | 4.1 |
| Return on Equity Ratio (in %) | 0.51 | 0.05 |
| Net Capital Turnover Ratio (in times) | 2.62 | 3.93 |
| Net Profit Ratio (in %) | 0.29 | 0.04 |
| Return on Capital Employed Ratio (in %) | 0.54 | 0.16 |
| Inventory Turnover ratio (in times) | 0.89 | - |
| Trade Receivables Turnover Ratio (in times) | 23.95 | 13.94 |
| Trade Payable Turnover Ratio (in times) | 17.97 | 8.11 |
Here is a summary of the financial and operational metrics for Chennai Super Kings Cricket Limited for the year 2024 and 2023:
Current Ratio: The current ratio improved to 1.86 times in 2024 from 1.4 times in 2023. This indicates a stronger liquidity position, meaning the company has a better ability to cover its short-term liabilities with its short-term assets. A higher current ratio suggests improved short-term financial health.
Debt-Equity Ratio: The debt-equity ratio was not applicable (or not reported) for 2024, but it was 0.05 times in 2023. This low ratio in 2023 indicated minimal reliance on external debt relative to equity. The absence of this ratio for 2024 might imply changes in the company’s capital structure, potentially shifting towards a higher equity base or changes in reporting.
Debt Service Coverage Ratio (DSCR): The debt service coverage ratio significantly improved to 35.43 times in 2024 from 4.1 times in 2023. This dramatic increase suggests the company’s ability to meet its debt obligations from its operating cash flows has strengthened considerably, reflecting a robust capacity to service its debt.
Return on Equity (ROE): The return on equity ratio increased substantially to 0.51% in 2024 from 0.05% in 2023. This improvement indicates that the company’s profitability relative to its shareholders ' equity has risen, showcasing better returns on the equity invested by shareholders.
Net Capital Turnover Ratio: The net capital turnover ratio decreased to 2.62 times in 2024 from 3.93 times in 2023. This decline suggests that the company is generating less revenue per unit of net capital employed, potentially indicating lower efficiency in utilizing its capital base.
Net Profit Ratio: The net profit ratio improved to 0.29% in 2024 from 0.04% in 2023. This increase reflects a higher proportion of revenue being converted into net profit, indicating enhanced profitability and better cost management.
Return on Capital Employed (ROCE): The return on capital employed ratio rose to 0.54% in 2024 from 0.16% in 2023. This improvement suggests that the company is now generating more profit per unit of capital employed, indicating more efficient use of its capital resources.
Inventory Turnover Ratio: The inventory turnover ratio was 0.89 times in 2024. This ratio indicates how often the company sells and replaces its inventory within a year. Since there was no figure for 2023, the 2024 ratio alone suggests a slower inventory turnover, which may imply either increased inventory levels or slower sales.
Trade Receivables Turnover Ratio: The trade receivables turnover ratio improved significantly to 23.95 times in 2024 from 13.94 times in 2023. This indicates that the company is more efficiently collecting its receivables, converting them into cash more rapidly.
Trade Payable Turnover Ratio: The trade payable turnover ratio increased to 17.97 times in 2024 from 8.11 times in 2023. This suggests the company is paying its suppliers more frequently within the year, reflecting either a stronger liquidity position or more aggressive payment terms with suppliers.
| CHENNAI SUPER KINGS CRICKET Limited share Dividend History | ||
| Particulars | 2024 | 2023 |
| Dividend per Share | - | - |
| Retained Earnings | 44,210.08 | 24,060.64 |
A V Thomas International Limited Annual Report 2023-24
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