Chennai Super Kings(CSK) Unlisted Share
₹243▼4.03%(10.00)
About the company
Chennai Super Kings Cricket Limited: Company Overview
Chennai Super Kings Cricket Limited (CSKCL) is the company associated with the franchise of Chennai Super Kings of the Indian Premier League (IPL). The organization was incorporated in December 2014 and has its registered office in Chennai, Tamil Nadu. CSKCL engages in sports and entertainment-related activities, particularly owning and operating the commercial and business aspects related to the cricket league. Notably, the company is distinct from the CSK as a sports entity, although it is strongly linked with the franchise in terms of ownership. In other words, CSKCL owns the CSK, which franchises sporting events in IPL.
Chennai Super Kings Franchise
The Chennai Super Kings franchise is one of the most recognized brands in Indian cricket. The team’s popularity is due to its impressive performance in the IPL, during which it has secured five championships. In addition, the company has noted the team’s ability to reach multiple IPL finals and consistently finish in the playoffs.
The commercial value of the franchise is a critical success factor, unlike a traditional manufacturing or technology company. For CSKCL, revenue is highly dependent on sports rights, sponsorships, franchisees’ income, and sales of merchandise and other goods related to the team.
Business Model
CSKCL's business is primarily connected with the commercial exploitation and operation of the Chennai Super Kings franchise.
Its business activities can include:
IPL franchise-related income
Central and franchise-specific media and broadcasting-related revenue
Sponsorship and advertising
Brand partnerships
Merchandise and licensing opportunities
Match-day and related commercial activities
Cricket-related entertainment and promotional activities
International franchise-related activities
The company also has subsidiaries and investments associated with its broader cricket and sports business. Its FY2024 annual report, for example, identifies Superking Ventures Private Limited as a wholly owned subsidiary and Joburg Super Kings (Pty) Ltd as another wholly owned subsidiary.
Revenue and Financial Performance
CSKCL has been able to generate significant revenues from its franchise business. Based on FY2025-26 figures published in the company's filings, the company was able to generate consolidated revenues of around ₹697.1 crore, compared to ₹673.8 crore in FY2024-25. Profit after tax came to around ₹113.8 crore in FY2025-26.
In FY2024-25, the company's annual report shows that the company generated turnover of around ₹643.99 crore, compared to ₹676.40 crore in FY2023-24. Profit after tax came to around ₹180.94 crore, compared to ₹229.11 crore in the previous fiscal. The company attributed the fall in revenue in FY2024-25 primarily to the absence of prize money that contributed to revenues during FY2023-24.
It is evident from these figures that CSK's fortunes can fluctuate from one year to the next depending on IPL performance, prize money, commercial deals and other forms of revenue.
Brand Value and Commercial Strength
One of the major assets associated with CSKCL is the strength of the Chennai Super Kings brand.
A successful sports franchise can generate value from several sources simultaneously. These include sponsorships, broadcasting arrangements, merchandise, fan engagement, digital platforms and brand partnerships.
The large and loyal fan base of Chennai Super Kings can provide the company with significant commercial reach. However, investors should distinguish between the value of the broader CSK brand and the financial value actually attributable to the listed/unlisted company's equity.
Brand popularity alone does not determine the fair value of the shares.
Ownership and Shareholding Background
CSKCL's shareholding structure has its roots in the demerger of the Chennai Super Kings franchise from India Cements. The shares subsequently became widely held among various shareholders.
Current market information shows institutional and other shareholders alongside significant individual/entity holdings. The company's annual reports also provide information regarding shareholders and related-party relationships.
This relatively distributed ownership structure is one reason CSK shares are available in the private market and are actively searched by investors interested in sports-related unlisted securities.
Dividend History
CSKCL has also started returning capital to shareholders through dividends. For FY2024-25, the Board recommended a dividend of ₹1 per equity share of face value ₹0.10, subject to shareholder approval.
Dividend income can be an important consideration for investors because it provides a return independent of any potential appreciation in the private-market share price.
However, future dividends depend on profitability, cash availability, board recommendations and shareholder approval. Investors should therefore not assume that a particular dividend will be repeated every year.
Unlisted Status and IPO Position
Chennai Super Kings Cricket Limited remains an unlisted company. Its equity shares are not traded through the regular NSE or BSE order book. Current market sources also indicate that no DRHP has been filed for an IPO as of 2026.
Therefore, investors should not describe CSK shares as a confirmed upcoming IPO opportunity.
The Chennai Super Kings Unlisted Share Price is determined in the private market and can vary according to demand, supply, transaction size, financial performance, IPL-related developments and investor sentiment.
Recent indicative market sources have shown CSK private-market prices around the ₹238–₹242 per share range, although different dealers can quote different prices and the final transaction price may change.
Investment Considerations
CSK shares offer exposure to a unique sports and entertainment business rather than a conventional corporate sector.
Investors considering the shares should evaluate:
Franchise profitability
IPL-related commercial income
Sponsorship and media revenue
Brand strength
Financial performance
Dividend history
Private-market valuation
Liquidity
Future IPL and franchise developments
The investment should not be based solely on the popularity of the cricket team.
Because the shares are unlisted, investors should also understand that buying and selling may take longer than transactions in listed companies.
Fundamentals
Valuation
Registry
| Metric | Value |
|---|---|
| PAN number | AAFCC8730K |
| ISIN number | INE852S01026 |
| CIN | U74900TN2014PLC098517 |
Figures in lk ·
Financials
| P&L Statement | 2025Latest | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 67380 | 69545 | 27315 | 34105 |
| EBITDA | 19137 | 26363 | 6502 | 4133 |
| OPM | 28.4 | 37.91 | 23.8 | 12.12 |
| PBT | 20951 | 27916 | 7053 | 4133 |
| PAT | 14832 | 20150 | 5218 | 3213 |
| EPS | 3.91 | 5.32 | 1.69 | 1.04 |
Shareholding Pattern
| Holder | Percentage |
|---|---|
| EWS Finance & Investments Private Ltd | 47.08% |
| Mr. N Srinivasan | 0.11% |
| Others | 52.81% |
Leadership
| Name | Role | Experience | |
|---|---|---|---|
| N. Srinivasan | Chairman | 30 yrs experience | |
| K.S.Viswanathan | CEO | 33 yrs experience | — |
Frequently asked questions
Common questions on Chennai Super Kings(CSK) Unlisted Share—tap a row to read the answer.
Q.1What are CSK Unlisted Shares?
CSK Unlisted Shares are equity shares of Chennai Super Kings Cricket Limited (CSKCL) that are not currently listed and traded on stock exchanges such as NSE or BSE. Investors can buy and sell these shares through the unlisted share market, subject to availability and applicable transfer procedures.
These shares give investors an opportunity to own a stake in the company behind the Chennai Super Kings franchise. However, since they are unlisted securities, investors should carefully consider factors such as company valuation, liquidity, financial performance, and associated risks before investing.
Q.2How can I buy CSK Unlisted Shares?
If you are planning to buy CSK unlisted shares, you can purchase them through an intermediary dealing in unlisted securities. You generally need an active Demat account, PAN, and completed KYC documentation.
Once you check the latest CSK unlisted shares price and confirm the quantity you want to purchase, you can proceed with the transaction. After the required payment and settlement process is completed, the shares are transferred to your Demat account.
Before investing, make sure you understand the current valuation and verify all transaction details.
Q.3What is the latest CSK Unlisted Share Price?
The CSK unlisted share price can change based on demand and supply in the unlisted market, availability of shares, company performance, financial results, and overall investor interest.
Unlike listed stocks, there is no single live price available on NSE or BSE. Therefore, investors looking for the latest Chennai Super Kings share price should check the current market quote before buying or selling. The final transaction price may vary depending on the quantity and prevailing market conditions.
Q.4What is the minimum investment required to buy CSK Unlisted Shares?
The minimum investment required for CSK Unlisted Shares depends on the current share price and the minimum quantity available for purchase.
For example, if there is a minimum quantity set for a particular transaction, your total investment will be calculated based on the agreed price per share multiplied by the number of shares purchased. Investors should check the latest minimum ticket size and share availability before placing an order.
Q.5How can I sell my CSK Unlisted Shares?
If you already own CSK Unlisted Shares and wish to sell them, you can approach an intermediary dealing in unlisted securities and check the current buying price.
Once you agree on the price and quantity, the shares are transferred from your Demat account to the buyer as per the applicable settlement process. Payment is then made according to the agreed transaction terms.
Since unlisted shares are not traded on a regular stock exchange, liquidity may be lower, and the selling price can depend on buyer demand at the time of the transaction.
Q.6How is DIS used to sell CSK Unlisted Shares?
A Delivery Instruction Slip (DIS) can be used to transfer CSK Unlisted Shares from your Demat account to another Demat account when completing a sale.
The seller generally needs to provide details such as the ISIN, quantity of shares, and recipient's Demat account information. Depending on your Depository Participant (DP), an electronic transfer facility may also be available.
Always verify the recipient's details carefully before authorizing the transfer.
Q.7How much revenue does Chennai Super Kings Cricket Limited generate?
CSKCL has generated substantial revenues from its cricket franchise and other commercial activities.
In FY2025-26: According to provisional financial data, the company size revenue of around ₹697.1 crore.
In FY2024-25: The revenue was ₹673.8 crore.
In FY26, revenue grew by around 3.5% YoY. In FY23, the revenue was around ₹676.4 crore as per the last filed annual report.
The company's turnover may vary from year to year depending on IPL results, prize money and other revenues.
It must be noted that apart from revenue, investors must evaluate the cash flows and profitability before taking any investment decision.
The company had witnessed a dip in its FY24-25 revenue as compared to FY23-24 as the latter had fetched significant prize money which was not accrued in the former year.
Therefore, while comparing revenue growth, it is essential to consider the performance across multiple years instead of taking single year's figures into consideration.
Q.8Is Chennai Super Kings Cricket Limited profitable?
Yes. CSKCL has recorded profits in net profit terms in recent financial years, but these can vary depending on franchise-related income and expenses.
FY2025-26: Current filed-financial data shows PAT of around ₹113.8 crore.
FY2024-25: The firm posted PAT of about ₹180.94 crore.
FY2023-24: PAT stood at roughly ₹229.11 crore.
Variation: Profit fell in FY2025-26 compared with earlier years.
Reason: Franchise performance, prize money and other commercial factors can affect annual earnings.
Investor View: Profitability should be assessed over several years and not on a one-season basis.
CSK's profitability is a key differentiator between its business model and many early-stage technology or consumer startups.
However, investors should also think about the valuation at which they're buying into the shares. A profitable company can still be expensive if its private-market valuation implies a very high earnings multiple.
Q.9Does CSK pay dividends to shareholders?
Yes. Chennai Super Kings Cricket Limited recommended a dividend of ₹1 per equity share for FY2024-25, subject to shareholder approval.
Dividend: The recommended dividend is ₹1 per share.
Face Value: The shares have a face value of ₹0.10 per share according to the prevailing market norms.
FY2025: The dividend relates to the profit for the year ended March 31, 2025.
Shareholder Approval: The payment of dividend is subject to the applicable corporate approval process.
Future Dividends: The past dividends do not guarantee the future payouts.
Investor Benefit: The dividends can provide a cash return to the investors while they hold the shares.
Dividend history is a pertinent consideration while evaluating CSK since the investors are not solely relying on the appreciation in the private-market price.
However, the board of the company determines the further distributions on the basis of the company's profitability, its cash needs and other factors. The investors should therefore not assume that ₹1 per share will be paid out as a dividend every year.
Q.10What is the ISIN of Chennai Super Kings shares?
The ISIN of equity shares of Chennai Super Kings Cricket Limited is INE852S01026.
ISIN: INE852S01026 identifies the company's equity security.
Demat: The ISIN is also used for electronic holding and transfer of eligible shares.
Verification: It is for the investors to verify the ISIN before completing the transaction.
Dematerialisation: Unlisted company shares may be held in dematerialised form.
Transfer: The correct security identification should be used for an off-market transfer.
Listing: Possession of ISIN does not mean that the company is listed at NSE or BSE.
As per CSKCL's own shareholder notice, securities of unlisted companies are required to be transferred in dematerialised form, subject to any exceptions permissible under any law for the time being in force. The current market records the CSK equity ISIN as INE852S01026.
Q.11What is the face value of CSK shares?
The face value of equity shares of Chennai Super Kings Cricket Limited is ₹0.10 per share as of now according to the stock market.
Face Value: ₹0.10 per equity share.
Market Price: This is not the same as the private-market share price.
Valuation: A share trading at ₹240, for example, does not reflect in its face value as ₹240.
Accounting Reference: Face value is generally used for corporate and accounting purposes.
Dividend: The company has recommended ₹1 dividend per share for FY2024-25.
Investor Analysis: Investors should look at earnings, book value, cash flow & valuation rather than face value.
Just having a low face value does not necessarily mean that a share is cheap.
For CSK, the private-market valuation reflects expectations of the franchise economics and future earnings rather than the face value of ₹0.10.
Q.12Why does CSK have unlisted shares?
CSK shares became available for a larger shareholder base after the company’s corporate restructuring/demerger from India Cements.
Corporate Structure: Chennai Super Kings Cricket Limited was incorporated in 2014.
Demerger: The franchise was demerged from India Cements through a corporate restructuring process.
Share Distribution: The shares were distributed among eligible shareholders.
Wide Ownership: This resulted in a wide ownership base of various investors.
Private Trading: These shareholders can now sell eligible shares in private trading.
Current Status: The company is presently unlisted.
This background explains why CSK shares are available in a private market even though the franchise is a highly recognized sports brand.
The availability of unlisted shares must be distinguished from an IPO. The current investment opportunity is based on existing equity ownership in a private company.
Q.13How does IPL performance affect CSK's business?
IPL performance could have an impact on CSKCL financial and commercial results, but it is difficult to say how significant it will be for each source of revenue.
Prize Money: If the team performs well, they will receive additional prize money for good results.
Brand Visibility: Strong results could also improve the profile of the Company’s products and services.
Sponsorship: The same goes for sponsorships, as well as media coverage and merchandise sales.
Media Exposure: Successful IPL campaigns could increase the franchise’s visibility.
Long-Term Brand Visibility: This will have a positive effect on the brand’s visibility for as long as the CSKCL exists.
However, one IPL season is not enough to make the company profitable.
The main source of revenue for the CSK is long-term franchise ownership, sponsorship agreements, media rights, and brand value. Thus, when it comes to the stock price, it would be better to look at the financial performance of the Company over several seasons rather than buy or sell shares based on one successful or unsuccessful IPL campaign.
Q.14Is CSK a good long-term investment?
Whether CSK is a good long-term investment depends primarily on the valuation at which the shares are purchased and the investor's risk tolerance.
Brand Strength: CSK has one of India's strongest cricket franchise brands.
Profitability: The company has reported positive profits.
Dividend: The company has demonstrated the ability to distribute dividends.
Business Model: Sports franchise economics can generate recurring commercial opportunities.
Valuation: Investors must consider the relatively high valuation compared with current earnings.
Liquidity: Unlisted shares can take longer to sell.
CSK may appeal to investors seeking exposure to sports and entertainment assets, but the share price matters enormously.
A high-quality brand can still be an expensive investment if the purchase price already reflects very optimistic future expectations.
Investors should therefore evaluate CSK based on financial performance, franchise economics, valuation and liquidity rather than simply assuming that a famous sports brand will always appreciate.
Q.15What is the minimum investment to buy CSK shares?
The minimum investment amount depends upon the lot size and transaction terms on which the private-market seller is willing to sell.
Lot size: Different market participants may have different minimum quantities.
Indicative price: Recently quoted price ranges between ₹238-₹242 per share.
Example: At ₹240 per share, the minimum investment (before any charges) would be 66 shares worth ₹15,840.
Availability: The minimum quantity may vary depending upon the seller.
Transaction charges: Some transaction charges may be levied additionally.
Therefore, a prospective buyer must inquire about the minimum quantity on hand with the seller before making the deal.
This should not be confused with the recommended minimum investment amount.
Since these shares are unlisted, one should be cautious and consider his/her ability to hold on to the shares for a long time.
Currently, different private-market sources have quoted different minimum lots, therefore, it is important to check what lot size is available with any seller before making the transaction.
Q.16What should I check before buying CSK unlisted shares?
Investors must do their due diligence when buying CSK shares, as the private-market valuation could be significantly different from the conventional benchmarks.
Financials: Study the revenue, profits, cash flows, and dividend-paying capacity.
Valuation: Ask yourself if the price being offered is consistent with the earnings and book value of the shares.
IPL Economics: Determine the franchise value and commercial income.
Liquidity: Understand the liquidity implications.
IPO: Remember that the company has not yet issued a DRHP, so there is no indication that an IPO is imminent.
Transaction: Confirm the ISIN, number of shares, ownership details, pricing, and settlement instructions.
Most crucially, separate brand value from investment thesis.
While CSK is unquestionably one of India’s most valuable sporting brands, one is not investing in its cricket following; one is buying shares in a company.
Consequently, it is essential to analyze the financials and valuation before purchasing.
Q.17What is the future outlook for Chennai Super Kings Cricket Limited?
The long-term prospects for CSKCL depend on the continued commercial success of the Chennai Super Kings franchise and its ability to generate sustained revenues and profits.
Brand: CSK has a highly valuable sports brand.
IPL Ecosystem: The long-term prospects of the IPL are promising for the franchisee economics.
Commercial Revenue: Sponsorships, media economics and partnerships can provide recurring avenues of revenue.
Fan Base: Sustained fan engagement can contribute to merchandise and other commercial activities.
Profitability: The company has delivered positive earnings, though they can be volatile on an annual basis.
Listing: There is currently no confirmed IPO / DRHP and investors should not count on an imminent public-market exit.
Overall, CSK offers the rare unlisted investment opportunity as investors are essentially buying into a major Indian sports franchise, not an operating business.
The key factors to monitor are franchisee revenues, profits, dividends, IPL commercial developments, valuation and liquidity.
Q.18How much revenue does Chennai Super Kings Cricket Limited generate?
CSKCL has been generating significant annual revenue from its cricket franchise and other business activities.
For FY2025-26: The revenue from operations amounted to ₹697.1 crore as of now according to the filed financial data
For FY2024-25: The revenue from operations was ₹673.8 crore
This suggests that the FY26 revenue from operations has increased by approximately 3.5% compared to FY25
For FY2023-24: The revenue from operations was reported as ₹676.4 crore in the last annual report
Thus, the variations in the annual revenue from operations may arise from the IPL performance, including the prize money and other sources of income.
Therefore, while considering the revenue from operations, it is essential to focus on the firm’s profitability, cash flow, and other relevant factors.
The FY24-25 revenue from operations was lower than that of FY23-24, as the latter had benefited from the prize money that was absent in the former.
Therefore, while evaluating the performance of the company, it is essential to analyse the trends in revenue from operations over various fiscal years instead of focusing on one fiscal year.
Q.19What is the business model of CSK Cricket Limited?
CSKCL’s business model is mainly based on the play of the Chennai Super Kings cricket franchise and the company’s sports activities.
The company’s income is generated through:
• franchise and sports activities,
• sponsorships and brand partnerships,
• media and cricket-related broadcasting economics,
• merchandise, and
• other franchise-related revenues,
as well as the utilization of the CSK brand. Moreover, CSKCL owns subsidiaries which are related to the aforementioned sports activities.
A sports company’s revenue stream is not the same as a manufacturing or retail company’s. The number of games won and lost, player salaries, IPL-related revenues, sponsorships, and media economics can affect the final result. Therefore, to assess the value of a sports franchise, it is essential to consider both financial and sport performance indicators.
Q.20Is there an IPO planned for Chennai Super Kings?
As of now, there is no confirmed CSK IPO based on the provided 2026 information. Current market sources indicate that no DRHP has been filed for Chennai Super Kings Cricket Limited.
Status: CSKCL is currently unlisted.
DRHP: It is not confirmed that a DRHP has been filed.
IPO Date: There is no official IPO date for investors to rely upon.
Market Rumours: Private-market discussions should not be mistaken for an official IPO announcement.
Future Possibility: The company has the option to list in the future, subject to corporate and regulatory decisions.
Investment Decision: Investors should not purchase CSK shares solely on the prospect of an upcoming IPO. This is an important distinction from companies that have filed formal IPO documents. For CSK, the investment case is based on its sports franchise business, financial performance and private-market valuation.
Q.21Is CSK listed on NSE or BSE?
Chennai Super Kings Cricket Limited is currently an unlisted company. Its equity shares are not traded through the normal NSE or BSE order book.
Current Status: CSKCL is an active unlisted public company.
Exchange Trading: There is no regular NSE/BSE trading facility for its shares.
Private Market: Shares can be transferred through eligible off-market transactions.
Price Discovery: Private-market buyers and sellers determine transaction quotations.
Liquidity: Selling may take longer compared with actively traded listed stocks.
IPO: Current market information indicates that no DRHP has been filed for a CSK IPO.
Therefore, investors should not confuse the availability of CSK shares in the private market with stock-exchange listing.
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