Iconik Sports - Iconik Sports

📊 BSE: 511260 🏢 Other Financial Services 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Total revenue reached INR 12.71 Cr (1271.19 Lakhs) in FY25, representing an exponential growth of 46,981% from INR 0.027 Cr (2.70 Lakhs) in FY24. Segment-wise performance was reported as not applicable for the current period.

Geographic Revenue Split

Not disclosed in available documents, though the company is headquartered in Mumbai and identifies infrastructure gaps outside metro areas as a key risk, implying a heavy concentration in major urban centers.

Profitability Margins

Operating Profit Margin improved to 27.36% in FY25 from a negative (227.41%) in FY24. Net Profit Margin stood at 20.47% in FY25 compared to a negative (238.52%) in the previous year, driven by the successful pivot to sports management.

EBITDA Margin

EBITDA Margin was 27.36% (INR 3.47 Cr) in FY25, a significant turnaround from an EBITDA loss of INR 0.06 Cr in FY24. This shift is attributed to the commencement of large-scale operations like the World Padel League.

Capital Expenditure

Total assets increased by INR 53.82 Cr, rising from INR 0.49 Cr to INR 54.31 Cr in FY25. This growth was largely fueled by cash and cash equivalents from operations and a further issue of equity shares at a premium.

Credit Rating & Borrowing

Not disclosed in available documents; however, the Debt-Equity ratio shifted to 13.76 in FY25 from (1.13) in FY24 due to significant changes in the capital structure.

⚙️ Operational Drivers

Raw Materials

As a service-oriented sports management firm, traditional raw materials are not applicable. Primary costs are Employee Benefit Expenses and Operating Expenses, which totaled INR 9.23 Cr in FY25.

Import Sources

Not applicable for the sports management and events service model.

Capacity Expansion

Not applicable in traditional manufacturing terms; however, the company expanded its operational capacity by successfully organizing Season 1 of the World Padel League and is scaling into Cricket and Tennis formats.

Raw Material Costs

Operating expenses increased to INR 9.23 Cr in FY25 from INR 0.09 Cr in FY24, representing 72.6% of total revenue, primarily due to the costs of organizing large-scale sporting events.

Manufacturing Efficiency

Not applicable; however, the company leverages operational expertise from niche sports (Padel) to scale into more popular arenas like Cricket.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

The company plans to achieve growth by expanding into emerging leagues such as Padel and Tennis, offering data analytics and performance tools to teams, and developing digital fan engagement platforms. It also aims to scale through corporate sports events and athlete branding services, leveraging government initiatives like Khelo India.

Products & Services

Sports infrastructure development, league management (e.g., World Padel League), commercial sports ventures, digital innovation tools, athlete branding, and event management solutions.

Brand Portfolio

World Padel League, Iconik Sports and Events.

New Products/Services

Upcoming ventures in Cricket and Tennis leagues are expected to be major revenue contributors, building on the track record established by the World Padel League.

Market Expansion

Strategic expansion across multi-sport formats and tapping into grassroots events to strengthen market presence beyond niche sports.

🌍 External Factors

Industry Trends

The Indian sports management industry is evolving through digital adoption and AI. New monetization avenues like fantasy sports and esports are expanding the market, while government reforms aim for transparency in governance.

Competitive Landscape

The market is seeing growth from firms focusing on grassroots development and athlete analytics, though specific competitors are not named.

Competitive Moat

The company possesses a first-mover advantage and operational expertise in niche sports leagues (e.g., World Padel League), which is sustainable due to the specialized knowledge required for end-to-end event solutions and sponsorship management.

Macro Economic Sensitivity

Highly sensitive to private investment trends in sports and government initiatives like Khelo India which drive demand for organized sports management.

Consumer Behavior

Increasing interest in diverse sports beyond cricket and rising engagement with digital fan platforms and fantasy sports.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to sports governance reforms and regulatory requirements for event management and infrastructure development.

⚠️ Risk Analysis

Key Uncertainties

Regulatory uncertainty and seasonal revenue fluctuations are primary risks. Infrastructure gaps outside metro areas could limit growth potential by restricting event locations.