Table of Contents
CSK Unlisted Shares
BUY
₹ 238.00
SELL
₹ 254.00
CSK share has suffered a Sideways trend in the past year because of their poor performance in this year’s IPL. They are currently at the bottom of the table. Loosing means their revenue will get cut short. This was observed in their FY 25 result.
As on 16 Jul 2026, 12:46 AM, we are buying shares of the CHENNAI SUPER KINGS CRICKET LIMITED for ₹ 238.00 and selling them for ₹ 254.00 per share.
About CSK Unlisted Shares
Chennai Super Kings (CSK) is one of the most successful and iconic franchises in the Indian Premier League (IPL). Since its inception in 2008, the team has built a strong fan base and demonstrated remarkable consistency in its performance. Led by cricketing legend MS Dhoni, CSK has won multiple IPL titles, making it one of the most valuable franchises in the league. Apart from being one of the most successful franchises in the Indian Premier League, the Chennai Super Kings is also one of the most highly regarded and valuable franchises in sports. Through its company structure, the Chennai Super Kings showcases a distinct unlisted share investment category, where sports performance, brand equity, and commercial monetization align. As a franchise, CSK has its valuation determined by league sponsorships, fan engagement, and media coverage, which is also unlike any other company in the manufacturing or financial sectors. Therefore, CSK unlisted shares are unlike any other unlisted investments.
CSK Business Model Explained
CSK has multiple revenue channels. One of the highest revenue channels is the central IPL revenue, which consists of sponsorships and tv broadcast rights, which are equally distributed to all franchises, including CSK. Other sources of revenue include digital brand sponsorships, merchandising, team sponsorships, and revenue from matchdays. Due to the franchise structure, CSK is able to have a revenue stream with a low amount of fixed assets and is able to capitalize on the IPL’s media and advertising revenue. Because of this, CSK’s brand and sponsorship revenue is highly dependent on the super successful on-field performance of the team.
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While CSK is not publicly listed on any stock exchange, its unlisted shares are actively traded in the private market. Investors keen on gaining a stake in the franchise can buy Chennai Super Kings Unlisted Shares through platforms like Delisted Stocks. The valuation of these shares is influenced by the team’s performance, IPL media rights auctions, and overall market trends.
Business Divisions
Chennai Super Kings operates as a multi-dimensional business, generating revenue through multiple streams:
- Sponsorships & Merchandise Sales – CSK enjoys significant sponsorship deals with top brands, contributing a major portion of its revenue. The team also earns from the sale of official merchandise, including jerseys, caps, and accessories.
- Broadcast & Media Rights – A key source of revenue, CSK benefits from the IPL’s lucrative media rights deals, which have seen exponential growth over the years.
- Ticket Sales & Match-Day Revenue – The franchise earns substantial revenue from ticket sales at the M.A. Chidambaram Stadium in Chennai, along with additional earnings from in-stadium advertisements and hospitality services.
- Digital & Fan Engagement – With millions of fans worldwide, CSK leverages digital platforms for brand promotions, social media collaborations, and online engagement campaigns.
- Investment & Expansion – CSK has been actively exploring opportunities for international expansion, including participation in other T20 leagues and setting up training academies.
Financial Highlights of Chennai Super Kings Unlisted Shares
- Revenue Growth – CSK’s revenue surged to ₹69,545 crore in 2024, a massive increase compared to ₹24,783 crore in 2021, reflecting the franchise’s financial strength.
- EBITDA Expansion – The team’s EBITDA margin improved from 25% in 2021 to an impressive 37.91% in 2024, indicating better operational efficiency and profitability.
- Net Profit Growth – CSK recorded a net profit of ₹20,150 crore in 2024, a sharp increase from ₹4,026 crore in 2021, showcasing strong financial performance.
- Increase in Assets – The franchise’s total assets grew from ₹31,621 crore in 2021 to ₹83,911 crore in 2024, highlighting its expansion and investment in infrastructure.
- Strong Equity Base – CSK’s reserves grew significantly, reaching ₹52,420 crore in 2024, reinforcing its financial stability and investor confidence.
Why Investors Track CSK Unlisted Shares
Here are some reasons why CSK unlisted shares are being tracked:
- Strong brand visibility within India and internationally
- Steady team performance season after season
- Predictable and stable league structure over several years
- Scarcity value within the unlisted segment
- Unlike early-stage start-ups, CSK is a fully mature sports franchise with a healthy cash flow and a proven league structure.
IPL Ecosystem and Its Impact on CSK Unlisted Share Price
The IPL runs a centralized revenue distribution model including league rights, title sponsorships, and other sanctioned partnerships, leading to consistent revenue inflow across the league. For franchises, consistent revenue means that even an inflating value of rights would profit the franchise irrespective of the team's performance on the pitch. It is the centralised revenue distribution model and media rights contracts that ensures consistent revenue for CSK unlisted shares and are likely more stable than sports intangible assets, yet they are still subject to league-wide changes.
Understanding CSK Unlisted Share Price Movement
The price movement of CSK unlisted shares is a function of:
- Consistency of team performance
- Absence of available shares and the demand within the marketplace
- The timing of the transaction and the lot size. Given that the shares are privately traded, price variance within the transaction would be likely between the buyer and seller.
Dividend Expectation and Shareholder Returns
CSK has been considered an unlisted entity, and unlisted entities are usually expected to pay dividends. This expectation is a function of profitability, cash reserves, and dividend policy, along with surplus balance post expenses of the league and operational commitments. Still, there is no guarantee you will receive dividends, as this is up to the management and the performance of the business.
Liquidity and Exit Considerations
When looking to sell the CSK unlisted shares, keep in mind that unlisted shares have less liquidity than listed shares. The possibilities of selling the shares and getting cash depend on the interest in the unlisted market, the time of the IPL season, and the price of the shares. Investors should be ready to have their money tied up for longer periods.
Demat Transfer and Settlement Process
CSK unlisted shares are in a dematerialized state, so they are electronically held. When a sale is completed, shares will be transferred via an off-market demat transfer from the seller's demat account to the buyer's demat account. The time it takes to complete this is dependent on the seller's documentation readiness and the buyer's documentation and their readiness.
Taxation on CSK Unlisted Shares
The amount of time you hold the shares will determine the type of taxation that will occur.
- If you hold the shares for less than two years, you will incur short-term capital gains tax.
- If you hold the shares for over two years, you will incur long-term capital gains tax.
- The rates for these taxes are determined by the government and the person's individual circumstances. Who Should Think About CSK Unlisted Shares
Who Should Consider CSK Unlisted Shares
CSK unlisted shares are a better investment for:
- Grasp how business models work.
- Look Way out into the future.
- I want a slice of India’s sports economy.
- They don't work with short-term strategies.
Final Perspective
CSK shows a unique combination of sporting success and business growth potential in the unlisted market. While passionate emotional interest is often the case, is investors showing rational interest in CSK unlisted shares, it should be through the prisms of cash flows, league economics, and liquidity.
Disclaimer*This research has been conducted for investment purposes based on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We do not assume any responsibility for financial losses or inaccuracies in the data provided.
Pros
- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.23% over past five years.
- Company has a low return on equity of 3.68% over last 3 years.
Key Details
| Share Name | Particulars |
|---|---|
| CSK | 264.00 |
| Unlisted Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 15000 |
| 52 Week High | ₹ 225 |
| 52 Week LoW | ₹ 174 |
| Depository | NSDL & CDSL |
| PAN Number | AAFCC8730K |
| ISIN Number | INE852S01026 |
| CIN | U74900TN2014PLC098517 |
| RTA | Integrated Registry Mnagagement Services |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 10017 |
| P/E Ratio | 64.71 |
| P/B Ratio | 14.02 |
| Debt to Equity | 0.01 |
| ROE (%) | 21% |
| Book Value | 18.83 |
| EPS | 4.08 |
| Face Value | 0.1 |
| Total Shares | 379425004 |
Financials
| P&L Statement | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 67380 | 69545 | 27315 |
| Cost of Material Consumed | 45188 | 41841 | 20161 |
| Gross Margins | -40 | 39.84 | 26.19 |
| Change in Inventory | 32.99 | 17 | 0 |
| Employee Benefit Expenses | 1663 | 668 | 368 |
| Other Expenses | 1432 | 655 | 284 |
| EBITDA | 19137 | 26364 | 6502 |
| OPM | 28.4 | 37.91 | 23.8 |
| Other Income | 3049 | 2783 | 1919 |
| Finance Cost | 218 | 756 | 1005 |
| D&A | 1016 | 474 | 363 |
| EBIT | 18121 | 25890 | 6139 |
| EBIT Margins | 26.89 | 37.23 | 22.47 |
| PBT | 20951 | 27916 | 7053 |
| PBT Margins | 31.09 | 40.14 | 25.82 |
| Tax | 6119 | 7766 | 1835 |
| PAT | 14832 | 20150 | 5218 |
| NPM | 22.01 | 28.97 | 19.1 |
| EPS | 3.91 | 5.32 | 1.69 |
| Ratio | FY25 | FY24 | FY23 |
|---|---|---|---|
| operating profit margin | 30% | 40% | 10% |
| Net Profit Margin | 21% | 28% | 4% |
| Return on Equity | 21% | 38% | 5% |
| Debt-Equity | 0.01 | 0 | 0.25 |
| Current Ratio | 1.78 | 1.86 | 1.40 |
| Dividend Payout | 0% | 0% | 0% |
| Company | Chennai Super Kings |
|---|---|
| Market Cap (₹ Crores) | 6981 |
| Profitability Margin (%) | 21.06% |
| ROCE (%) | 29.32% |
| ROE (%) | 20.76% |
| D/E Ratio | 0.01 |
| P/E Ratio | 45.10 |
| P/B Ratio | 9.77 |
| Book Value per Share (₹) | 18.83 |
| Assets | 2025 | 2024 | 2023 |
|---|---|---|---|
| Fixed Assets | 27211 | 21010 | 13601 |
| CWIP | 2348 | 4811 | 1701 |
| Investments | 30774 | 651 | 5204 |
| Trade Receivables | 3831 | 5158 | 570 |
| Inventory | 126 | 86 | 0 |
| Other Assets | 48952 | 52195 | 27965 |
| Total Assets | 113242 | 83911 | 49041 |
| Liabilities | 2025 | 2024 | 2023 |
|---|---|---|---|
| Share Capital | 379.43 | 379 | 309 |
| FV | 0.1 | 0.1 | 0.1 |
| Reserves | 71454 | 54420 | 29792 |
| Borrowings | 513 | 0 | 6500 |
| Trade Payables | 4765 | 800 | 3637 |
| Other Liabilities | 36130.57 | 30312 | 8804 |
| Total Liabilities | 113242 | 83911 | 49041 |
Promoters or Management
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| N. Srinivasan | Chairman | 30 yrs | |
| K.S. Viswanathan | ceo | 33 yrs |
Frequently Asked Questions
Is it legal to buy CSK unlisted shares in India?
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
How to buy CSK unlisted shares?
The procedure to buy the CSK unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. Once the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.
Is CSK involved in selling its unlisted shares?
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.
When will the CSK unlisted shares be credited into my demat account?
The CSK unlisted shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
Is there any minimum lot size limit to buy CSK unlisted shares?
The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size of CSK, please visit the stock page on our website: www.delistedstocks.in
How is the market price of CSK unlisted shares determined?
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.
What is the minimum lock-in period for CSK unlisted shares?
Before IPO, there is no restriction on sale and transfer of your CSK unlisted shares. But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period of 6 months after listing on the stock exchange.
How to sell CSK unlisted shares?
Once the selling price and quantity of shares is agreed with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.
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