ABOUT CHENNAI SUPER KINGS CRICKET LIMITED
CHENNAI SUPER KINGS CRICKET LIMITED is an Indian franchise cricket team located in Chennai. The cricket team is known as Chennai Super Kings. Chennai Super Kings participates in the Indian Premier League (IPL). The team started playing since the first IPL season in 2008. M.A. Chidambaram Stadium of Chennai is the home stadium of Chennai Super Kings.
Chennai Super Kings was banned for two years from IPL, from 2015 to 2017 due to the alleged participation of their owners in the betting case of IPL 2013. The team came back to play in 2018 and won the championship in the year itself. In total, Chennai Super Kings have won three IPL seasons, 2010,2011, and 2018.
The team holds a record of most occurrences in the IPL playoff. Moreover, the team has played 8 finals of IPL. Other than IPL, they have won Champions League Twenty20 two times in 2010 and 2014.
Since the first match played by Chennai Super Kings, the captain of the team is Mahendra Singh Dhoni.
In September 2014, India Cements approved a demerger of Chennai Super Kings (a cricket team) into a wholly-owned subsidiary by transferring its net assets at costs. Now the team (Chennai Super Kings) is an asset of Chennai Super Kings Cricket Limited.
19 December 2014
Category / Sub-Category of the Company
Company Limited by Shares
Address of the Registered office and contact details
‘Dhun Building’, 827, Anna Salai, Chennai – 600002; Email: firstname.lastname@example.org
Name, Address and Contact details of Registrar and Transfer Agent, if any
Integrated Registry Management Services PrivateLimited,
2nd Floor, “Kences Towers”,
No.1, Ramakrishna Street, North Usman Road,
T. Nagar, Chennai – 600017
Phone: 044-28140801 to 28140803
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
CHENNAI SUPER KINGS CRICKET LIMITED does not have any subsidiary or associate company.
BOARD OF DIRECTORS
Sri R. SRINIVASAN, Chairman
Sri K.S. VISWANATHAN, Wholetime Director & CEO
Sri L. SABARETNAM (Till 24.04.2021)
Sri RAKESH SINGH
Sri PL. SUBRAMANIAN
Sri B. KALYANASUNDARAM
Sri K. RAMGOPAL
Smt. E. JAYASHREE
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Sports Activities and Amusement and Recreation Activities
CHENNAI SUPER KINGS CRICKET LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 0.10 Per Equity Share
Last Traded Price
Rs. 3204.79 Crore
List Of Share Holding Of More than 5%
As at 31st March 2021
As at 31st March 2020
No.of Shares held
No.of Shares held
Trustees, India Cements Shareholders Trust*
Sri Saradha Logistics Private Limited
Life Insurance Corporation of India; Life Insurance Corporation of India P & GS Fund; LIC of India Market Plus Growth Fund
Despite the rise in COVID-19 cases, Board of Control for Cricket in India (BCCI) is organizing the Indian Premier League (IPL). IPL has proved to be a mega profitable business from the time it started in 2008. In 2020, the brand value of IPL went down for the first time in 6 years. It fell by 3.6% from Rs. 47,500 crores in 2019 to Rs. 45,800 crores in 2020.
In 2020, IPL was relocated to the United Arab Emirates (UAE) because the Indian Government had paused all the sporting activities due to COVID 19 pandemic. In 2020, IPL had witnessed lower sponsorship revenues as compared to previous years. This was because VIVO pulled out the title sponsorship at the last moment. Then Dream 11 became the Title sponsor but paid only Rs. 222 Crores, as against Vivo’s canceled contract of Rs. 440 Crores. Chennai Super Kings suffered the worst drop in brand value. It devalued by 16.5% from Rs. 732 crores in 2019 to Rs. 611 Crores in 2020.
However, IPL 2020 was very beneficial for IPL broadcasters. Television ratings increased significantly and advertisers too jumped into this opportunity.
In 2021 IPL, Vivo is back as title sponsor and BCCI is expecting to earn around Rs. 4,000 Crores from this 2021 IPL season. 2021 has seen the uprising trend in sponsorship revenues. Star India is paying Rs. 3,269.5 crores to BCCI for broadcasting rights. VIVO is paying Rs. 440 Crores. Apart from this, BCCI is getting Rs. 220 Crores from 5 official sponsors (Upstox, Dream 11, Unacademy, Tata Motors, and Cred) and Rs. 60 crores from the umpire and strategic time-out sponsorships.
Subsequently, there is an expected increase of 10-15% in revenues this year. Moreover, an increase in the number of teams in 2022 and the renewal of media rights in 2023 could enhance the IPL value in the future.
BCCI shares 50% of the revenues with the Team franchises as part of the central pool. And, franchises give 20% of their total revenue back to BCCI at the end of the season.
KEY FINANCIALS OF CHENNAI SUPER KINGS CRICKET LIMITED (In Rs. Lakhs)
STATEMENT OF PROFIT AND LOSS
Revenue from Operations
Cost of Operations
Employee benefits expense
Depreciation and Amortisation Expenses
Profit /(Loss) before exceptional and extraordinary and tax items
Less : Exceptional Item
Profit/(Loss) before tax
Less : Current Tax
Less : Deferred Tax
Profit/(Loss) After tax
Number Of Shares
Earnings Per Equity Share (EPS)
Dividend (In Rs.)
BALANCE SHEET OF CHENNAI SUPER KINGS CRICKET LIMITED (In Rs. Lakhs)
BALANCE SHEET AS AT 31ST MARCH 2021
As at 31st March 2021
As at 31st March 2020
EQUITY AND LIABILITIES
1. Shareholders' Funds :
a. Share Capital
b. Reserves and Surplus
Total Shareholders equity
2. Non-Current Liabilities :
a. Long-term borrowings
b. Deferred tax liabilities
c. Long Term Provisions
Total Non-Current Liabilities
3. Current Liabilities :
a. Trade Payables
(i) Total outstanding dues of micro enterprises and
(ii) Total outstanding dues of creditors other than
micro-enterprises and small enterprises:
b. Other Current Liabilities
c. Short Term Provisions
Total Current Liabilities
Total Equities and Liabilities
1. Non-Current Assets :
a. Property, Plant and Equipment 10
(i) Tangible Assets
(ii) Intangible Assets
b. Deferred Tax Asset (Net)
c. Long Term Loans and Advances
(i) Capital Advances
(ii) Other Loans and Advances
Total Non current assets
2. Current Assets :
a. Trade Receivables
b. Cash and Cash Equivalents
c. Short-term loans and advances
d. Other current Assets
Total Current assets
PERFORMANCE OF THE COMPANY.
CSK is very nicely placed in this year's IPL and it's likely to make it to this year's Playoffs as it most often does. It is one of the most successful IPL teams as it has made it to the playoff most no. of the time. As for the financial part of it has one of the biggest and most loyal Fan base in the country. Though its financials were greatly affected when it was banned for two years in the comeback year CSK won the tournament and it showed in its financial performance too. But the Covid 19 has had its effect here in the cricketing world too.
Revenue of Chennai Super Kings Cricket Limited fell by 29% from Rs. 35653 lakhs in FY 2020 to Rs. 25369 lakhs in FY 2021. The decline can be attributed to the COVID 19 pandemic.
EBITDA has also seen a decline of 9% in FY 2021 and reached Rs. 6,779.92 lakhs from Rs. 7426.38 lakhs in FY 2020.
Profit After Tax of the company decreased by 16% % in FY 2021 to Rs. 4026.22 lakhs from Rs.5033.75 lakhs in FY 2020. PAT margins increased from 14% in FY 2020 to 16% in FY 2021. EPS for FY 2021 stood at Rs. 1.31.
The current ratio of the company is 4.43. This states that the company does not have any liquidity issues and can pay the liabilities easily in case of emergencies also.
The company has not paid any dividend for the past 3 years.
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