Chennai Super Kings (CSK) Unlisted Shares
Chennai Super Kings Cricket Ltd. (CSK)
INE852S01026
Incorporation Date: 19-Dec-2014
Listing Status: DRHP Not Filed
About Chennai Super Kings (CSK) Unlisted Shares
Overview of Chennai Super Kings (CSK) Unlisted Shares
- Central Revenue Sharing: Earns a dedicated share of the central revenue pool distributed by the BCCI, driven by multi-billion-dollar IPL media rights (Viacom18/Disney Star) and central league sponsorships.
- Franchise Commercialization: Monetizes local team shirt sponsorships (e.g., TVS Eurogrip, Gulf Oil), gate receipts at M.A. Chidambaram Stadium, in-stadium advertising, and licensed merchandise.
- Global Multi-Franchise Expansion: Extends the "Super Kings" brand globally by operating Joburg Super Kings in South Africa's SA20 and co-owning Texas Super Kings in US Major League Cricket (MLC).
- Unlisted Equity Platform: Functions as one of India's most liquid unlisted public equities, offering institutional and retail investors direct exposure to IPL franchise economics.
- Mr. N. Srinivasan (Director & Promoter): Vice Chairman & MD of India Cements and former BCCI President; acts as the core promoter steering strategic governance and vision.
- Mr. K.S. Viswanathan (Managing Director & CEO): Directs day-to-day operations, franchise management, player contract negotiations, and commercial partnerships.
- Board Composition: Supported by seasoned directors including Rupa Gurunath, V. Manickam, and Sanjay Patel overseeing audit and corporate governance.
| Asset / Franchise | Tournament / League | Operational Hub | Ownership & Status |
| Chennai Super Kings (CSK) | Indian Premier League (IPL) | Chennai, India | 100% Owned; 5-time IPL Champions. |
| Joburg Super Kings (JSK) | SA20 League | Johannesburg, South Africa | 100% Owned; plays at Wanderers Stadium. |
| Texas Super Kings (TSK) | Major League Cricket (MLC) | Dallas, United States | Co-owned entity operating from Grand Prairie Stadium. |
| Super Kings Academy | Grassroots Training Network | India, US, UK | Owned network of high-performance cricket academies. |
- Revenue Scale: Consolidated total income reached ~₹704 crore, supported by increased central media distributions and stadium ticket sales.
- Profitability: Demonstrates high profit margins with a Net Profit (PAT) of ~₹148 crore, supported by an asset-light operational structure and a net worth exceeding ₹680 crore.
- Offer Unified Multi-League Sponsorship Packages: Management should bundle sponsorship rights across all three global teams (CSK, JSK, and TSK). Presenting a unified global footprint across the IPL, SA20, and MLC allows the company to command premium rates from global MNC sponsors.
- Scale the Super Kings Academy Franchise Model: Expand the Super Kings Academy into high-density cricket hubs across North America, the Middle East, and the UK. Licensing the academy brand generates recurring royalty revenue while building a proprietary international talent-scouting network.
- Monetize Digital Media for Non-Season Cash Flow: To reduce financial dependency on the 2-month IPL window, CSKCL should launch a dedicated D2C digital content hub—monetizing behind-the-scenes streaming, esports tournaments, and fan memberships year-round.
Insights of Chennai Super Kings (CSK) Unlisted Shares
Chennai Super Kings Cricket Limited (CSK) – Financial Snapshot & Strategic Insights
Consolidated Financial Snapshot (FY24 – FY26)
| Metric (in ₹ Cr.) | FY24 | FY25 | FY26 | YoY Growth (%) |
Net Revenue | 695.45 | 673.80 | 697.14 | +3.46% |
Total Operating Cost | 431.82 | 482.43 | 530.23 | +9.91% |
EBITDA | 263.63 | 191.37 | 166.91 | -12.78% |
EBITDA Margin (%) | 37.91% | 28.40% | 23.94% | -446 bps |
Profit Before Tax (PBT) | 279.16 | 209.51 | 169.58 | -19.06% |
Profit After Tax (PAT) | 201.49 | 148.32 | 123.73 | -16.58% |
PAT Margin (%) | 28.97% | 22.01% | 17.75% | -426 bps |
Key Operational & Strategic Highlights
- Commercial Sponsorship Cushioning Revenue: Consolidated Net Revenue grew by 3.46% YoY to ₹697.14 Cr
. Although central rights income from the BCCI declined on a standalone basis to ₹430.43 Cr (due to the team finishing 10th in IPL 2025 vs. 5th in IPL 2024) , this was successfully cushioned by strong commercial growth, with sponsorship revenue surging 26.56% YoY to ₹131.01 Cr . - Margin Compression via Staff & Global Operational Costs: Total operating expenses expanded by 9.91% YoY to ₹530.23 Cr
. Higher player and support staff remuneration, alongside increased employee headcount to support global operations, compressed the consolidated PAT margin to 17.75% . - Joburg Super Kings (SA20) Operational Recovery: The South African franchise (Joburg Super Kings) qualified for the SA20 playoffs for the fourth consecutive season
. Franchise revenue increased to ₹51.36 Cr (up from ₹45.30 Cr in FY25), narrowing its operational loss to ₹25.70 Cr (vs. ₹32.80 Cr in FY25) . - Major League Cricket (Texas Super Kings) Legal Resolution: Through its 55.5% step-down subsidiary (Texas Super Kings International LLC), consolidated US revenue reached ₹11.15 Cr
. A critical regulatory dispute between USA Cricket (USAC) and American Cricket Enterprises (ACE) was resolved via a court-approved settlement on July 2, 2026, fully reinstating the franchise operating agreement . - Super Kings Academy Global Rollout: The grass-roots development arm (Superking Ventures Pvt Ltd) expanded its footprint to over 30 centers globally, including new academies in Singapore, Canada, Qatar, and Dubai
. Notably, the academy produced its first player selected for the Indian Women's Senior National Team . - Sustained Dividend Payout & Liquidity: The Board recommended an equity dividend of ₹1.00 per share (1,000% on a face value of ₹0.10 per share) for FY26
. The company maintains a zero net-debt balance sheet, supported by ₹355.56 Cr deployed in liquid mutual fund investments .
Financial Charts of Chennai Super Kings (CSK) Unlisted Shares
Balance Sheet of Chennai Super Kings (CSK) Unlisted Shares
Profit and Loss of Chennai Super Kings (CSK) Unlisted Shares
Ancillary of Chennai Super Kings (CSK) Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Chennai Super Kings (CSK) Unlisted Shares
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How to buy CSK Ltd.?
Below are three ways through which you can purchase CSK Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy CSK Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell CSK Ltd.?
Below are three ways through which you can sell CSK Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell CSK Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of CSK Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for CSK Ltd. is ₹245 and your sell price for CSK Ltd. is ₹230. The price is based on our estimates and market conditions.
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What is the lock-in period of CSK Ltd.?
The lock-in period for CSK Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of CSK Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of CSK Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the CSK Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of CSK Ltd.. The price is also determined from the most recent funding round for CSK Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of CSK Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of CSK Ltd. with us kindly click here.
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What are the financials of CSK Ltd.?
The financials of CSK Ltd. which includes the P/L of CSK Ltd. and the Balance Sheet of CSK Ltd. is in the financials section (Click on link).
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Where can I find the annual report of CSK Ltd.?
The annual report of CSK Ltd. is available in the annual report section (Click on link).
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Is buying CSK Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on CSK Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on CSK Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on CSK Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source CSK Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying CSK Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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