Overview of Chennai Super Kings
The Chennai Super Kings (CSK) is a franchise cricket team based in Chennai, Tamilnadu which plays in the Indian Premier League (IPL).
Founded in 2008, the team plays its home matches at the M.A Chidambaram in Chennai. After serving a two-year suspension from the IPL starting July 2015 for the alleged involvement of their owners in the 2013 IPL betting case the Chennai Super Kings returned to the league in 2018, winning the championship in the comeback season, its third overall to tie Mumbai Indian for the record for most IPL title wins. The team is captained by Mahendra Singh Dhoni.
The brand value of the Super Kings in 2018 was estimated at $65 million, making them the most valuable franchise in the IPL as per the Brand Finance Report.
One of the major boosts for IPL this year, as per the Brand Finance report, was not just television viewership which grew by 11%, but also the fact that over 200 million people watched the tournament on digital platforms such as Hotstar. “Cricket enthusiasts who did not get tickets to see the games live could watch the competition in specially designated Fan Parks in 36 cities across the country. Family-friendly and free to attend for all, Fan Parks offered music, entertainment, and a range of merchandise stalls, bringing stadium atmosphere to city centers on a scale larger than ever,” points out the Brand Finance report.
Demerger from India Cement
The India Cement on 26.09.2014 approved a demerger of Chennai Super Kings a BCCI-IPL Franchise 20/20 Cricket Tournament Team into a wholly-owned subsidiary by transferring its net assets at cost. So with effect from 01.01.2015, a new wholly-owned subsidiary will get incorporated. The shareholders of CSK will get one share of CSK for every one share of India Cement.
India Cements had transferred its holding of CSK to India Cements Shareholders Trust with October 9, 2015, as the date fixed for allotment of the shares. The shareholders of the company were allotted a share each for every India Cements shares they owned. However, since that time period, CSK, along with Rajasthan Royals had to serve a two-year suspension due to respective team principals Gurunath Meiyappan and Raj Kundra found to being involved in the suspicious betting activity.
| Total Available Shares: | Not Available |
| Face Value: | ₹ 0.1 Per Equity Share |
| ISIN: | INE852S01026 |
| Lot Size: | 500 Shares |
| Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
| Shareholder’s Name | No. of Shares | % of total Shares of the company |
| Trustees, India Cements | 95079183 | 30.86% |
| Life Insurance Corporation | 18609745 | 6.04% |
| Sri Saradha Logistics Private limited | 7525976 | 5.69% |
| Reliance Capital Trustee | 7729231 | 2.51% |
| Radhakishan S Damani | 7369263 | 2.39% |
| The Boston Company | 5186784 | 1.68% |
| Year | Revenue | EBITDA | PAT | EBITDA Margins | Profit Margins | Shares | EPS |
| FY18 | 4.07 | 0.23 | -51.49 | 6% | NA | 30.815 | -1.67 |
| FY19 | 417.83 | 163 | 111.2 | 39% | 27% | 30.815 | 3.61 |
| Year | Equity | FV | Net-Worth | Debt | D/E |
| FY18 | 3.0815 | 0.1 | 14.31 | 65 | 4.54 |
| FY19 | 3.0815 | 0.1 | 125.51 | 65 | 0.52 |
| Revenue Break up | |
| Particulars(cr) | 2018-19 |
| Income from Grant of Central Rights | 294 |
| Sponsorship Income | 54 |
| Gate Collection | 20.97 |
| Franchisee Income - Others | 40.52 |
| Income from Sale of Merchandise | 0.43 |
| Interest on Fixed Deposit with Bank | 7.26 |
| Major Expense Break up | |
| Particulars(cr) | 2018-19 |
| Players fees | 113.48 |
| Support Staff fees | 11.4 |
| Players Expenses | 2.25 |
| Support Staff Expenses | 1.15 |
| Franchisee Fee | 68 |
| Tournament expenditure | 16.79 |
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anoop
Can anyone share the current offered price?
Market Wizard
The current market price is 28 per share.
Ashish
Current price?
Market Wizard
Rs.25 per share.
PRE IPO SHARES
As per news published in ET today,
CSK is now trading at Rs. 30 per share at a market value of Rs. 1,000 crore in the unlisted market. Retail high-net worth individuals are buying the currently unlisted stock.
ET had reported in November 2018 that CSK shares were selling in the unlisted market at Rs. 13-15 per share at a valuation of Rs. 450 crore.
SACHIN
What is the current price per share
Market Wizard
Rs. 34 per share
Rahul Shukla
I am looking to buy 500 shares of CSK at around 30 Rs. Also, whats the current price and whats the price movement in last 1 year please?
sreenivs
38/-
Market Wizard
Delhi daredevil Results.
https://www.delhicapitals.in/static-assets/images/cssimages/pdf/Results%20Page_BSE_March_31.03.2019.pdf
Market Wizard
On May 2018, the JSW Group has bought 50% Stakes in Delhi Daredevils wherein they have bought close to 5,87,588 number of shares at Rs. 550 Cr. The Delhi Daredevils valued at 1100 Cr during a deal JSW Group on May 2018. The EBITDA of Delhi daredevil for FY17-18 was 25 Cr which translate into EBITDA Multiple of 44x. The EBITDA of FY18-19 is 96 Cr, even if we give a reasonable EBITDA Multiple of 15x to Delhi-Daredevil, the Valuation comes out at ~1500 Cr.
The CSK has clocked an EBITDA of 163 Cr. If we give the valuation of ~1500 Cr to CSK the fair value per share would be close to ~Rs. 50.
Arun
I am interested to pick up 10000 shares. Any sellers. Pls contact me
Karan
I have share and want to sell at 45.
Altinvest
Review on CSK Shares – https://youtu.be/57GyeK8y4bY
Market Wizard
Brand Value of IPL Report
https://unlistedzone.com/indian-premier-leagues-brand-valued-at-6-8-billion-in-2019-19-09-2019/
Swaminathan
I have 500 shares of csk and willing to sell at Rs.40. Any one interested let me know
Umesh Bhakta P
I am interested in buying 1 lot of shares
Market Wizard
How much quantity do you want to buy? Please drop an email at sales@unlistedzone.com or watsapp at 08010009625. Our team will guide you with all the formalities.
Karan
Contact me
Satish
I m interested to buy this shares….
Market Wizard
Please contact Dinesh Gupta at 08010009625
Arjun
HI dinesh,
I wish to sell 5000 quantity of CSK @34.50. Interested
-Arjun
Rajesh
What is the best price you can give?
Market Wizard
35 per share.
Eranna
I am interested to buy at 32
Market Wizard
Sir, at present we are offering a price of 35.
Nagarajan G
interested
Anurag
Hi I am a directly a retail buyer
Rajashekar Raghavan
Hi would like to buy 1000 shares, what is the procedure?
Market Wizard
Please find below the procedure to get unlisted shares on our platform.
https://unlistedzone.com/procedure-to-buy-and-sell-unlisted-shares-with-unlistedzone
sreenivs
Call me 8010009625
Arivazhagan
hi sir if want buy CSK shares contact UnlistedZone.com
zakir husain
r u buy CSK unlisted share
Sathish
Need to buy some 20000 to 25000 Qty.. Do you have any inventory??
Arivazhagan
want buy CSK shares Contact me
OM PRAKASH
I HAVE 654 CSK AND WANT TO SELL OUT
Venugopal
hi what is rate per share ???
OM PRAKASH SHARMA
I HAVE 654 SHARES. WHAT IS THE CURRENT RATE? Email – omsantoshajayvijay@yahoo.com
Market Wizard
The way Cricket is loved in India, I think one should definitely look to pounce on Chennai Super King Shares available at a good valuation. The craze of IPL is getting bigger and bigger as the league is getting old. The way Delhi Daredevils have performed in terms of Revenue this season the future of the sports league is looking very bright. The Revenue was almost tripled in the first 6 months of the year as compared to last year.
Market Wizard
Source of Income of IPL Franchise
1. Central Right
2. Sponsorship Fees
3. Sale of Tickets
4. Coaching fees.
Market Wizard
Delhi Daredevil FY Performance:
2014-15
Revenue= 117 Cr
PAT= -20 Cr
EPS= -210
2015-16
Revenue= 137 Cr
PAT= -6.1 Cr
EPS= -68
2016-17
Revenue= 132 Cr
PAT= -9 Cr
EPS= -96.93
2017-18
Revenue= 136 Cr
PAT= 1.9 Cr
EPS= 19.88
6MFY18-19
Revenue= 316 Cr
PAT= 69 Cr
EPS= 605
On May 2018, the JSW Group has bought 50% Stakes in Delhi Daredevils wherein they have bought close to 5,87,588 number of shares at Rs. 550 Cr. The Value of one share 9360. With an EPS of 605, the P/E of Delhi Daredevils is 15.47.
The Delhi Daredevils valued at 1100 Cr during a deal Kings,W Group in May 2018.
shailendra
Please note that Face Value of Chennai Super Kings Cricket Ltd is Re 0.10 (10 paise) and not Rs. 10
Interesting parallels can be drawn from Delhi Daredevils now Delhi Capitals on the value and earning visibility. They have published 3 years annual accounts and half yearly statements for period ending Sept 30th 2018.
The financial statement of this IPL team can give some visibility on how the earnings are made and what would be the likely valuations given the fact that Chennai Super Kings is much better team compared to all other teams in the IPL, in my view it should enjoy better valuations. This is my personal view.
Market Wizard
Thanks for the view. I will take Delhi Daredevils as a peer company to do a comparison.
Market Wizard
1. Many investors who got CSK shares last month were seen selling them off-market. Savvy investors are interested in buying CSK share.
2. There is a good demand for CSK shares in off-market as it’s currently trading at a discount to its brand as per market experts.
3. According to an Economic Times report, investors are lapping up shares the CSK-ownership entity Chennai Super Kings Cricket in off-market transactions.