CHENNAI SUPER KINGS (CSK) UNLISTED SHARES
Chennai Super Kings (CSK) Unlisted Shares — Own a Piece of the IPL’s Biggest Brand
CSK is the rarest kind of unlisted share: a profitable, near debt-free, dividend-paying sports franchise — and the only practical way for an Indian investor to own an IPL team. Here’s the complete picture: financials, shareholding, valuation, risks and how to buy.
| CSK Unlisted Share | Details |
| Our Buy Price | ₹245 per share |
| Our Sell Price | ₹275 per share |
| Lot Size | 100 shares (min. investment ≈ ₹27,500) |
| ISIN | INE852S01026 |
| Incorporated | 19 December 2014 |
| Chairman / CEO | N. Srinivasan / K.S. Viswanathan |
| Price last updated | {Date} — confirm live quote before trading |
[Get Live CSK Quote on WhatsApp] [Sell Your CSK Shares]
About Chennai Super Kings Cricket Ltd
Chennai Super Kings Cricket Limited owns and operates the CSK franchise — five-time IPL champions (2010, 2011, 2018, 2021, 2023) with the highest win percentage in the league’s history and one of world sport’s most devoted fan bases. Beyond the IPL, the company has gone global: it owns Joburg Super Kings in South Africa’s SA20 and a 55.5% stake in Texas Super Kings in the USA’s Major League Cricket, plus a growing Super Kings Academy network of 16 centres and 1,000+ students.
CSK Financials (FY25 — year ended March 2025)
| Particulars (Consolidated) | FY24 | FY25 |
| Profit After Tax | ₹201 Cr | ~20% lower YoY |
| EPS | — | ₹4.08 |
| Central media rights revenue | — | ₹493 Cr |
| Cash & equivalents | — | ₹336 Cr |
| Net Debt / Equity | — | ~0.01 (effectively debt-free) |
| Dividend | — | ₹1 per share recommended |
What the numbers say: FY25 was a soft on-field year — CSK missed the playoffs, so prize money (₹30 crore in FY24) fell to zero and gate revenue compressed, pulling revenue down ~4.7% and PAT down roughly 20%. But the engine underneath is durable: ₹493 crore of BCCI central media rights flow in regardless of results, locked for the current rights cycle, operating cash flow stayed strong at ₹206 crore, and the board resumed dividends at ₹1 per share. This is the CSK investment case in one line — championship years add a bonus; media rights pay the bills. (FY26 results covering IPL 2025 to be added when published — flag for your desk.)
Shareholding Pattern
EWS Finance & Investments holds ~47%, India Cements Shareholders’ Trust ~30%, and LIC ~6%, with the balance spread across thousands of private-market shareholders. N. Srinivasan returned as Chairman in February 2025.
CSK Share Price Journey
From ₹12–15 levels in late 2018, CSK’s unlisted price has multiplied more than 15x, making it one of the private market’s most famous wealth stories. At today’s band, the stock trades around 50x FY25 earnings — a scarcity premium for the only investable IPL franchise, recently reinforced by reports of RCB’s ~$2 billion valuation benchmark.
CSK IPO — The Honest Answer
IPO speculation has followed CSK since 2019-20, but as of mid-2026 no DRHP has been filed and no listing date exists. Anyone telling you a confirmed CSK IPO date is misleading you. Buy CSK for the franchise and cash flows, with listing as optionality — not a scheduled event.
Why Investors Buy CSK Unlisted Shares
- Scarcity — 10 IPL franchises exist; only CSK is realistically ownable by the public.
- Locked revenue — BCCI media rights (₹9,678 crore/year league-wide for 2023–27) guarantee the core income line.
- Fortress balance sheet — net cash, negligible debt, dividends resumed.
- Global optionality — SA20, MLC and the academy business extend the brand beyond 8 weeks of IPL.
Key Risks
- Key-man risk — brand equity remains closely tied to MS Dhoni; his eventual retirement is a genuine intangible risk.
- Performance sensitivity — FY25 proved that missing the playoffs directly dents revenue and profit.
- Rich valuation — ~50x earnings leaves little margin for error; global sports franchises trade at 15–30x.
- Group complexity — related-party transactions with promoter-group entities and ~₹43 crore of contingent liabilities merit attention.
- Early-stage international bets — Texas Super Kings posted a ₹2.17 crore FY25 loss and may drag consolidated earnings for 2–3 years.
How to Buy or Sell CSK Unlisted Shares
Live quote → deal confirmation → KYC (PAN, CML, bank proof) → off-market transfer to your demat, prompt settlement. Full process: buy unlisted shares. Holding CSK from earlier India Cements allotments or private purchases? Sell unlisted shares to us at a fair, confidential quote.
FAQs — CSK Unlisted Shares
What is the CSK unlisted share price today?
We are buying at ₹245 and selling at ₹275 per share (lot of 100 — about ₹27,500 minimum). WhatsApp us for a live quote.
Is CSK a profitable company?
Yes. CSK is consistently profitable, effectively debt-free, and resumed dividends with ₹1 per share for FY25, backed by ₹493 crore of guaranteed central media-rights revenue.
When is the CSK IPO?
No DRHP has been filed as of mid-2026 and no listing date exists. Treat any specific IPO date you hear as speculation.
How did CSK shareholders originally get shares?
Largely through India Cements’ demerger of the franchise, which distributed CSK shares to India Cements shareholders — the reason so many retail holders sell CSK through dealers like us today.
Is CSK unlisted share a good investment?
It offers a scarce brand, locked media-rights income and a fortress balance sheet, priced at a premium ~50x earnings with key-man and performance risks. Suits long-horizon investors who understand they’re buying a franchise, not a quick flip.
Related unlisted shares: Bharat Hotels • Mohan Meakin • Bira 91 (B9 Beverages) • India Exposition Mart
Key Financials
Profit and Loss
| (In Rs. Crore) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
| Revenue from Operations | 673.8 | 695.5 | 305.9 | 341.1 | 247.8 | 350.2 | 410.5 |
| Growth % | -3% | 127% | -10% | 38% | -29% | -15% | 0 |
| Operating Expenses | 482.42 | 431.8 | 277.8 | 299.7 | 185.9 | 282.3 | 254.1 |
| Growth % | 12% | 55% | -7% | 61% | -34% | 11% | 0 |
| Operating Profit | 191.4 | 263.6 | 28.1 | 41.3 | 61.9 | 67.9 | 156.4 |
| PBT | 209.5 | 279.2 | 32.1 | 40.7 | 59.2 | 67.2 | 156.8 |
| PAT | 148.3 | 201.5 | 13.7 | 31.4 | 40.2 | 50.3 | 111.2 |
| Growth | -26.4% | 1365.4% | -56.3% | -21.9% | -19.9% | -54.8% | 0 |
| PAT % | 22% | 29% | 4% | 9% | 16% | 14% | 27% |
Balance Sheet
| (In Rs. Crore) | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
| Equity Capital | 3.79 | 3.8 | 3.1 | 3.1 | 3.1 | 3.08 | 3.08 |
| Reserves | 710.79 | 524.2 | 258.4 | 245.7 | 214.1 | 172.8 | 122.4 |
| Total Equity | 714.58 | 528.0 | 261.5 | 248.7 | 217.2 | 175.9 | 125.5 |
| Borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 63.9 | 65.0 | 65.0 |
| Other Non-Current Liabilities | 7.49 | 4.5 | 4.8 | 0.5 | 1.5 | 0.2 | 0.1 |
| Total NC Liabilities | 7.49 | 4.5 | 4.8 | 0.5 | 65.4 | 65.1 | 65.0 |
| Borrowings | 5.13 | 0 | 65.0 | 64.5 | 0 | 0 | 0 |
| Other Current Liabilities | 405.22 | 306.6 | 129.4 | 76.9 | 33.6 | 24.6 | 125.6 |
| Total Current Liabilities | 410.35 | 306.6 | 194.4 | 141.4 | 33.6 | 24.6 | 125.6 |
| Equity + Liabilities | 1132.4 | 839.1 | 460.7 | 390.6 | 316.2 | 265.6 | 316.2 |
| Fixed Assets (incl. WIP) | 321.92 | 255.5 | 159.9 | 129.9 | 141.28 | 143.25 | 3.51 |
| Other Non Current Assets | 78.18 | 12.0 | 28.7 | 53.3 | 25.6 | 21 | 126.47 |
| Total NC Assets | 400.10 | 267.5 | 188.5 | 183.1 | 166.9 | 164.25 | 129.98 |
| Trade Receivables | 38.31 | 51.5 | 6.5 | 37.4 | 21.92 | 3.58 | 12.62 |
| Cash & Cash Equivalents | 336.38 | 166.7 | 25.5 | 135.5 | 121.8 | 89.17 | 145.94 |
| Other Current Assets | 357.64 | 353.2 | 240.1 | 34.6 | 5.6 | 8.6 | 27.6 |
| Total Current Assets | 732.33 | 571.5 | 272.1 | 207.4 | 149.32 | 101.35 | 186.18 |
| Total Assets | 1132.4 | 839.1 | 460.7 | 390.6 | 316.2 | 265.6 | 316.2 |
Ready to start your investment journey? Contact Arms Securities today to get the latest quote and secure your stake in the Chennai Super Kings.
