Unlisted “Chennai Super Kings” Share Which Gives 10X Rally in Last 3 Years

csk unlisted shares

The Chennai-based cricket team, CSK has had an outstanding run of three years. There is increased involvement in the game by both players and audiences, owing to the One India philosophy of the owners. The IPO for CSK gave 4X ramping up its valuation to $12 Million. 

 

All About CSK players

Chennai Super Kings (CSK) is a cricket team made up of players with experience at the international level. The team has won an Indian Premier League and it has reached the finals many times.  It is also the most popular team with CSK merchandise selling like pancakes during the time of sale and their Facebook page reaching 7 million fans in record time.  CSK is one of the most powerful sports franchises in Indian cricket with stars like MS Dhoni, Suresh Raina, Dwayne Bravo, Ruturaj Gaikwad, Faf du Plessis. They are ferocious with their two all-rounders Shardul Thakur and Ravindra Jadeja backed by tricky wrist-spinner Shadab Jakrar to trouble any opposition they face.  These players have been a major reason for their ramp-up in funds with potential investors seeing CSK as a safe investment.   CSK players have delivered excellent performances in all three seasons.  Under the able captaincy of Mahendra Singh Dhoni, CSK has made 10X rallies in the past three seasons. The company’s CSK has shown a huge improvement in the past few years. With such a high player retention rate (10X), CSK has received many awards for its management and leadership skills. 

 

How does CSK share grow with time?

Back in April 2013, CSK got listed on the stock exchange. The price of each Chennai Super Kings Unlisted Share was Rs 272. As of today, the price is Rs 3134. This means the CSK has grown by 10X in the last three years. CSK’s unlisted share price is the story of a tenfold rally. The company has grown over time and had more than Rs. 100 crores of the market capitalization of outstanding shares at the end-March 2018 at a 4.92 percent increase in share prices year on year. CSK’s net revenue increased by 10.8 percent to Rs 541 crore at the end-March 2018 as compared to Rs 482 crores at the end of March 2017, their profitability has increased 10 percentage points to 19.03 %.

CSK is not just expensive, it recently marked almost 2 lakh jumps in one day. One of the reasons behind this increase is that some people are awaiting new tax rules on share trading which are expected to come out sometime next month. Other than this, CSK’s scrip remains among some of India’s most-traded stocks.  

 

How do CSK Shares go Up? 

  1. Expenses come down 
  2. Improved sector share 
  3. Growth of other income sources 
  4. Greater liquidity rallies because of CSK investing in various projects to come up with the right solutions.

 

csk celebrationOriginal market price

CSK has rallied from the original worth of Rs. 200 in February 2009 to 10 times, trading at Rs2,060 as of 20 March 2013. During the public time, CSK was traded at NTD 1.81 to NTD 3.47 per share before the price fell steeply to NT $0.92 during the summer of 2015 because of the company’s decision to flush out inventory ahead of an exploration slowdown due to low prices. CSK stocks started at $1.05 in 2012 which went to $3.00 in 2013, $6.77 in 2014 and $14.92 in March 2016. Based on fluctuations, the market price has grown by 10X over the last three years.

 

10X rally in the last 3 years

CSK has had an amazing rally in the last 3 years, with its stock up 10X. Investors are expecting CSK to get even better in the coming future. CSK shares have been making a 10x rally in the last three years. In 2000 it was trading at Rs 520 and recently an investment of Rs 500 has been bought for Rs 50,000. They partially attribute this success to an increase in faith in the economy in their country and international recognition. CSK has seen growth with the IPO in 2014 when they raised shareholders of about 440 million.  CSK has been a high-performing stock. Historically, it has ranged from around Rs 100-200. In the last 3 years, it has surged to as high as Rs 1800. The rally comes from the management’s strategy of increasing free cash flow and deleveraging its balance sheet.

 

Conclusion

In the wake of the Covid epidemic, Chennai Super Kings had mixed results. PAT for 2020-21 was Rs 40.26 crore, a 20% decrease from the PAT of Rs 50.33 crore recorded in the previous fiscal year.

The Chennai-based company recorded a 29% decrease in operating income in FY21, at Rs 247.83 crore, compared to FY2020’s Rs 350.27 crore.

Both Radhakishan Damani, a Dalal Street veteran, and LIC are significant stockholders in the business. According to the company’s annual report for 2021, LIC has a 6.04 percent interest, whereas Damani did not have any ownership stakes declared.

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