This sentiment meter reflects current demand-supply conditions in the unlisted market. It is not a rating and should not be considered advice to buy, sell, or hold. Sentiments are subject to rapid change and may not be real-time.
Want to stay updated? Add your target price and email, and we'll notify you.
Chennai Super Kings (CSK) is one of the most successful and popular franchises in the Indian Premier League. Based in Chennai, the franchise has built a massive fan following through its consistent performances, strong leadership, and championship-winning legacy.
CSK has won the IPL title five times — in 2010, 2011, 2018, 2021, and 2023 — making it one of the most successful teams in IPL history. The franchise is widely recognised for its consistency, having regularly qualified for the playoffs and finals across multiple seasons.
Originally owned by India Cements, Chennai Super Kings was demerged into a separate entity named Chennai Super Kings Cricket Limited (CSKCL). On September 26, 2014, India Cements approved the demerger by transferring the net assets of the CSK business into the newly incorporated wholly-owned subsidiary. Effective January 1, 2015, shareholders of India Cements received one share of Chennai Super Kings Cricket Limited for every one share held in India Cements.
Today, Chennai Super Kings Cricket Limited operates not only the IPL franchise but has also expanded its presence across cricket development, global franchise cricket, merchandising, sponsorships, and sports business operations.
The company has also expanded into cricket training and grassroots development through the Super Kings Academy (SKA), which aims to nurture young cricketing talent with world-class infrastructure and coaching facilities.
Located in Thoraipakkam, Chennai, the academy offers modern cricket training facilities including indoor and outdoor practice nets, floodlights, fitness centres, and multiple pitch types. The centre includes 14 turf pitches, indoor wickets, concrete wickets, an open practice net, cafeteria, lounge, and official Super Kings merchandise store.
The Salem facility is built within the Salem Cricket Foundation stadium, a large international-standard cricket complex spread across 16 acres. The venue features a main stadium with five pitches, 14 practice wickets, floodlights, and player facilities. The academy supports aspiring cricketers through structured coaching programs and training infrastructure.
Super Kings Academy has established a growing network of cricket training centres across India and overseas markets. In India, the academies operate across cities including Chennai, Salem, Hosur, Tirunelveli, Trichy, Coimbatore, Tiruppur, Madurai, Bengaluru, Delhi, Puducherry, Vellore, Karaikudi, Tenkasi, Ariyalur, Kallakurichi, and several other locations.
The academy has also expanded internationally with centres across the United States, Canada, and Australia, including locations such as Austin, Atlanta, Bay Area, Boston, Dallas, Phoenix, New Jersey, Northern Virginia, Sydney, and Toronto. This expanding academy network strengthens CSK’s grassroots cricket development ecosystem while increasing the brand’s global presence.

Superking Ventures Private Limited (SKVPL) manages the flagship Super Kings Academy initiative and several commercial operations of the group. Since launching in 2022 with two centres, the academy network has expanded to 16 centres across India through company-owned and franchise-operated models.
The academies have trained more than 1,000 students and conducted over 2,000 practice matches. Several students now represent state-level cricket teams, while one academy player became part of India’s U19 Women’s World Cup-winning squad and was later selected for the Women’s Premier League (WPL).
SKVPL also manages sponsorships, partnerships, and commercial interests for Chennai Super Kings Cricket Limited.
Joburg Super Kings represents the group’s expansion into South Africa’s SA20 cricket league. The franchise has rapidly gained popularity with strong stadium attendance, growing digital engagement, and an expanding fan base. The management remains optimistic about the long-term commercial potential of the SA20 league and the Joburg Super Kings brand.
Super Kings International Inc. (SKI), the company’s wholly-owned US subsidiary, expanded CSK’s international presence through its investment in Texas Super Kings International LLC (TSK), the franchise operating in Major League Cricket.
In October 2024, SKI acquired a 55.5% ownership stake in TSK. With the increasing popularity of cricket in the United States, the company sees strong long-term growth opportunities in the American cricket market through the Texas Super Kings franchise.
Chennai Super Kings has built strong commercial partnerships with several leading national and international brands across sectors such as aviation, logistics, telecom, finance, FMCG, consumer electronics, healthcare, and sports nutrition.
Over the years, the franchise has partnered with brands including Etihad Airways, FedEx, Ashok Leyland, Gulf Oil, Vi, Coca-Cola, TECNO, Navi, Amul, and several other reputed brands.
These partnerships reflect the strong marketability and commercial appeal of the CSK brand. The franchise’s large fan base, consistent IPL performance, and strong digital engagement continue to attract sponsorships and long-term brand collaborations across industries.
The diversified sponsorship ecosystem also contributes significantly to Chennai Super Kings Cricket Limited’s revenue visibility and brand strength within the sports business industry.

Chennai Super Kings is widely regarded as one of the strongest sports brands in India. Over the years, the franchise has built a loyal global fan base through consistent on-field performance, iconic leadership, and strong digital engagement.
The franchise has regularly ranked among the most valuable IPL teams in terms of brand valuation and commercial strength. CSK's popularity extends beyond cricket through merchandise sales, sponsorship partnerships, social media presence, and international franchise expansion.
The team's “Whistle Podu” fan culture has become one of the most recognised identities in Indian sports, helping CSK maintain strong audience engagement across television, stadium attendance, and online platforms.
Chennai Super Kings Cricket Limited operates through multiple revenue streams, making it more than just a cricket franchise.
The company earns revenue from:
The IPL media rights ecosystem has significantly strengthened the earning potential of franchises like CSK, with broadcasting and digital rights contributing a major share of league revenues.
CSK has strategically expanded its brand presence beyond India through participation in international T20 leagues.
The group currently operates:
This international expansion allows the company to strengthen global brand visibility, diversify revenues, and participate in the growing worldwide cricket ecosystem.
The company continues to focus on long-term opportunities in emerging cricket markets such as the United States and South Africa.
Several factors differentiate CSK from other cricket franchises:
These factors have helped CSK become one of India's most recognised sports businesses and a closely tracked company in the unlisted shares market.
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2021-22 | FY 2022-23 | FY 2023-24 | FY 2024-25 | Trend |
|---|---|---|---|---|---|
| Revenue | |||||
| a) Revenue from Operations | 34,105.11 | 30,585.81 | 69,545.17 | 67,379.54 | |
| b) Other Income | 809.55 | 1,944.30 | 2,782.87 | 3,048.65 | |
| Total Revenue | 34,914.66 | 32,530.11 | 72,328.04 | 70,428.19 | |
| Expenses | |||||
| a) Cost of Materials Consumed | - | - | 103.50 | 215.82 | |
| b) Changes in Inventories of Finished Goods | - | - | (85.99) | (39.66) | |
| c) Cost of Operations | 28,149.21 | 26,804.93 | 41,841.28 | 44,972.05 | |
| d) Employee benefits expenses | 318.66 | 380.44 | 667.96 | 1,662.98 | |
| e) Finance costs | 626.18 | 1,029.85 | 755.94 | 218.54 | |
| f) Depreciation and amortisation expense | 250.74 | 503.38 | 473.98 | 1,015.77 | |
| g) Other expenses | 1,495.06 | 597.78 | 655.57 | 1,431.54 | |
| Total Expenses | 30,839.85 | 29,316.38 | 44,412.24 | 49,477.04 | |
| Profit Before Tax | 4,074.81 | 3,213.73 | 27,915.80 | 20,951.15 | |
| Tax Expense | |||||
| a) Current Tax | 1,102.38 | 1,864.48 | 7,723.71 | 6,102.73 | |
| b) Deferred Tax | (181.68) | (29.26) | 42.65 | 16.10 | |
| Total Tax Expense | 920.70 | 1,835.22 | 7,766.36 | 6,118.83 | |
| Profit for the year | 3,154.11 | 1,378.51 | 20,149.44 | 14,832.32 | |
| Profit attributable to Owners of the Parent | 3,154.11 | 1,378.51 | 20,149.44 | 15,149.24 | |
| Earnings per equity share (EPS) (in ₹) | 1.02 | 0.42 | 6.14 | 4.08 |
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2021-22 | FY 2022-23 | FY 2023-24 | FY 2024-25 | Trend |
|---|---|---|---|---|---|
| A. Assets | |||||
| 1. Non-Current Assets | 18,313.79 | 18,853.47 | 26,754.78 | 40,009.57 | |
| 2. Current Assets | 20,743.23 | 27,212.36 | 57,152.92 | 73,232.65 | |
| Total Assets | 39,057.02 | 46,065.83 | 83,907.70 | 1,13,242.22 | |
| B. Equity And Liabilities | |||||
| 1. Equity | |||||
| a) Equity Share Capital | 308.15 | 308.15 | 379.43 | 379.43 | |
| b) Other Equity | 24,565.45 | 25,844.66 | 52,420.45 | 67,900.22 | |
| c) Non Controlling Interest | - | - | 0.00 | 3,178.46 | |
| Total Equity | 24,873.60 | 26,152.81 | 52,799.88 | 71,458.11 | |
| 2. Liabilities | |||||
| A. Non-Current Liabilities | 44.69 | 475.17 | 456.20 | 748.87 | |
| B. Current Liabilities | 14,138.73 | 19,437.85 | 30,651.62 | 41,035.24 | |
| Total Liabilities | 14,183.42 | 19,913.02 | 31,107.82 | 41,784.11 | |
| Total Equity And Liabilities | 39,057.02 | 46,065.83 | 83,907.70 | 1,13,242.22 |
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
| Particulars | FY2021-22 | FY2022-23 | FY2023-24 | FY2024-25 | Trend |
|---|---|---|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before exceptional items and tax | 4,074.81 | 3,213.73 | 27,915.80 | 20,951.15 | |
| Other Comprehensive Income | 0.27 | (99.30) | (2.38) | 330.54 | |
| Net Adjustments | 1,208.52 | (411.07) | (1,546.39) | (1,457.31) | |
| Operating Profit before Working Capital Changes | 5,283.60 | 2,703.36 | 26,367.01 | 19,824.38 | |
| Changes in Working Capital | (2,560.14) | 8,656.80 | 14,316.91 | 6,912.68 | |
| Cash Generated From Operation | 2,723.46 | 11,360.16 | 40,683.93 | 26,737.07 | |
| Direct Taxes | (1,102.38) | (1,864.50) | (7,723.71) | (6,102.73) | |
| Net cash from Operating activities [A] | 1,621.08 | 9,495.66 | 32,960.22 | 20,634.33 | |
| B. CASH FLOW FROM INVESTING ACTIVITIES | 313.28 | (19,508.83) | (18,080.82) | (7,461.36) | |
| C. CASH FLOW FROM FINANCING ACTIVITIES | (568.98) | (979.36) | (755.94) | 3,789.54 | |
| Net (decrease) / increase in cash and cash equivalents = (A+B+C) | 1,365.38 | (10,992.53) | 14,123.47 | 16,962.51 | |
| Cash and cash equivalents at the beginning of the period | 12,179.52 | 13,544.90 | 2,552.37 | 16,675.84 | |
| Cash and cash equivalents at the end of the period | 13,544.90 | 2,552.37 | 16,675.84 | 33,638.35 | |
| Total Cash and Cash Equivalents | 13,544.90 | 2,552.37 | 16,675.84 | 33,638.35 |
Academy Network Emerging as Strategic Business Vertical
CSK’s growing academy network across India and overseas is evolving into a long-term strategic initiative rather than just a fan engagement activity. Apart from grassroots cricket development, the academies may strengthen brand visibility, talent identification, merchandising opportunities, and ecosystem expansion over time.
Global Expansion Strategy Strengthening Brand Presence
CSK continues to expand internationally through franchises such as Joburg Super Kings in South Africa and Texas Super Kings in the United States. The company appears optimistic about the long-term commercial potential of overseas cricket leagues, especially in emerging markets like the US where cricket is witnessing increasing popularity.
CSK Expanding Beyond IPL Franchise Model
Chennai Super Kings is gradually transforming from being just an IPL franchise into a broader sports and entertainment business. The company is expanding into cricket academies, international T20 franchises, sports infrastructure, and high-performance centres, which could help diversify revenues and reduce dependence on seasonal IPL income
There are currently no active or upcoming share buyback programs announced for this security.
| Particulars | Year | Dividend (in ₹) |
|---|---|---|
| Final Dividend | 2025 | ₹1 per per equity share on a face value of ₹0.10 |
Deal values IPL franchise and global teams at $1.65 billion; approvals pending as Mittal-led group secures majority stake while US consortium led by Kal Somani loses out
Sale of two IPL franchises attracts huge interest from sports investors and private equity firms.
A strong rally has emerged in the unlisted shares of Chennai Super Kings as investors rush to tap into a potential re-rating of IPL assets following high-value deals involving Royal Challengers Bengaluru and Rajasthan Royals, a Mint report said on Thursday.
Unlisted shares of Chennai Super Kings Cricket Ltd (CSK) have surged to a record as investors look to capitalize on a potential rerating of Indian Premier League (IPL) assets after Royal Challengers Bengaluru (RCB) and Rajasthan Royals (RR) commanded a combined $3.41 billion in back-to-back deals.
Try adjusting your search or filters.
Quick enquiry - tell us what you want and we'll reach out via WhatsApp or email.
This sentiment meter reflects current demand-supply conditions in the unlisted market. It is not a rating and should not be considered advice to buy, sell, or hold. Sentiments are subject to rapid change and may not be real-time.
Set a target price and we'll notify you when it's reached.
FAQ's
A quiet, private space for unlisted share prices, market insights, updates, and important news.
Join our WhatsApp Community.
Our team will shortly send you the invite link on your WhatsApp. Thank you for your interest.
Want to stay updated? Add your target price and email, and we'll notify you.
Quick enquiry - tell us what you want and we'll reach out via WhatsApp or email.
These metrics help you understand a company's financial health and performance. They are usually reported every quarter or year.
Want to stay updated? Add your target price and email, and we'll notify you when the price hits your target.
Regulatory Requirement