CSK Annual Reports, Balance Sheet and Financials

Chennai Super Kings Cricket Limited Balance Sheet (Rs in Lakhs)

Chennai Super Kings Cricket Limited Profit & Loss Statement (Rs in Lakhs)

 Chennai Super Kings Cricket Limited Cash Flow Statement (Rs in Lakhs)

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

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.