Complete Sports & Management wins Rs 40 crore order for family entertainment centre

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Complete Sports & Management secured a Rs 40 crore order for a family entertainment centre from a large South India-based company.
  • The new order follows a Rs 24 crore go-karting facility win, bringing total Q2FY27 disclosed orders to Rs 64 crore.
  • The Rs 40 crore contract represents approximately 69% of the company's average quarterly revenue of Rs 57.90 crore.
  • FY26 net profit rose 59.6% to Rs 18.20 crore, while revenue grew 6.6% to Rs 118.80 crore.
  • Operating cash flow remains negative, with -Rs 3.70 crore reported in FY26.
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Complete Sports & Management has received a significant order worth Rs 40 crore from a large South India-based domestic company. The scope includes the development and construction of India's largest family entertainment centre, encompassing bowling, arcade games, laser tag, and associated equipment and infrastructure.

Order Details and History

This latest disclosure adds to the company's recent momentum, following a Rs 24 crore order secured earlier this quarter from a similar entity for an indoor go-karting facility. The combined order book from these two significant contracts totals Rs 64 crore, marking a substantial increase in disclosed backlog compared to previous quarters.

Date Awarding Entity Value (Rs Cr) Scope
2026-09-30 Large South India-based company 40.0 Development and construction of India's largest family entertainment centre including bowling, arcade games, laser tag and associated equipment and infrastructure
2026-09-21 Large South India-based company 24.0 Design, development, execution and construction of India's first and largest indoor go-karting facility, including associated infrastructure and related requirements

Financial Context and Order Book Coverage

The new Rs 40 crore order is equivalent to approximately 69.1% of the company's average quarterly revenue of Rs 57.90 crore. With the addition of the recent Rs 24 crore order, the total disclosed order book for Q2FY27 stands at Rs 64.00 crore. This inflow provides coverage of approximately 1.11 quarters of average quarterly revenue at the current run-rate.

Company Performance Metrics

The company reported consolidated revenue of Rs 57.90 crore and net profit of Rs 12.50 crore in Q4FY26, with an operating profit margin of 29.16%. For the full fiscal year FY26, revenue grew by 6.6% year-on-year to Rs 118.80 crore, while net profit increased by 59.6% to Rs 18.20 crore. The return on capital employed (ROCE) stood at 56.76% and return on equity (ROE) at 42.56% for FY26.

Metric FY26 (Rs Cr) FY25 (Rs Cr)
Revenue 118.80 111.40
Net Profit 18.20 11.40
EBITDA 25.80 16.20
OPM (%) 20.62 13.71

Balance Sheet and Cash Flow

As of FY26, the company maintained a current ratio of 1.77x, indicating adequate liquidity for near-term obligations. Total liabilities to equity stood at 0.95x. However, operating cash flow remained negative at -Rs 3.70 crore in FY26 and -Rs 3.10 crore in FY25, suggesting that profits have not yet translated into positive operating cash generation. Free cash flow was -Rs 6.90 crore in FY26.

Historical Stock Returns for Complete Sports & Management

1 Day5 Days1 Month6 Months1 Year5 Years
+1.21%+1.53%+28.00%+42.22%+42.22%+42.22%
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Complete Sports & Management India IPO: Check Price Band, Timeline & Key Details

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Complete Sports & Management India files DRHP; IPO opens on 28-Aug-2026.
  • FY2026 PAT grew 59.33% YoY to ₹18.18 Cr; Revenue grew 6.11% to ₹117.09 Cr.
  • Proceeds earmarked for ₹39.88 Cr capex, ₹8.09 Cr for new entertainment centre, and ₹11.50 Cr debt repayment.
  • Key risks include 80.53% customer concentration and negative operating cash flow of ₹382.09 Lakhs in FY2026.
  • Exclusive distributor of Brunswick Bowling Products in India, Singapore, Malaysia, and Indonesia.
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Complete Sports & Management’s IPO closed with a 3.2x overall subscription, driven by a massive late-day surge in QIB interest. The issue crossed the fully subscribed mark in the final hours of Day 3, with QIB jumping from 0.88x to 7.25x.

Final Subscription Status

Day Date QIB NII (bHNI) NII (sHNI) Retail Total
Day 1 28-08-2026 0.00x 0.02x 0.77x 0.04x 0.13x
Day 2 31-08-2026 0.00x 0.12x 0.77x 0.16x 0.20x
Day 3 01-09-2026 7.25x 1.73x 3.13x 1.12x 3.20x

Category-wise Breakdown

  • QIB: 7.25x (Surged +1971.4% intraday from 0.35x)
  • NII (bHNI): 1.73x (Led by high-net-worth individual interest)
  • NII (sHNI): 3.13x
  • Retail: 1.12x
  • Overall: 3.20x

Intra-day Momentum on Day 3

The subscription numbers picked up pace significantly after 1pm on the final day. QIB investors were the standout movers, jumping from 0.35x to 7.25x (+1971.4%). NII (bHNI) also saw strong momentum, rising from 0.22x to 1.73x (+686.4%).

Time (IST) QIB NII (bHNI) Retail Total
11:15 0.35x 0.22x 0.30x 0.48x
12:15 0.35x 0.24x 0.34x 0.50x
13:15 0.67x 0.39x 0.42x 0.65x
14:15 0.88x 0.48x 0.51x 0.77x
15:15 4.82x 0.62x 0.60x 1.99x
16:15 7.25x 1.73x 1.12x 3.20x
17:15 7.25x 1.73x 1.12x 3.20x

About the Company

Complete Sports and Management India Limited (CSML), founded in 2002, is engaged in sourcing, trading, and distribution of diversified amusement and leisure equipment. The company provides installation, commissioning, maintenance, and advisory services across the amusement value chain. It is the authorized distributor of Brunswick Bowling products LLC in India, Singapore, Malaysia, and Indonesia. Promoters Rohit Rajesh Mathur (MD) and Abha Rohit Mathur (CEO) lead the management team.

Financial Highlights

Particulars FY 2025 (₹ crores) FY 2026 (₹ crores)
Revenue from Operations 110.35 117.09
Total Profit (PAT) 11.41 18.18
Total Equity 24.58 42.72

Revenue grew from ₹110.35 crores in FY 2025 to ₹117.09 crores in FY 2026. Profit after tax increased significantly to ₹18.18 crores from ₹11.41 crores.

Objects of the Issue

  • Funding capital expenditure for gaming equipment at Bhiwandi warehouse: ₹39.88 crores
  • Setting up 'Duckpin – The Bowling Bistro' entertainment centre in Mumbai: ₹8.09 crores
  • Repayment and/or prepayment of outstanding borrowings: ₹11.50 crores
  • General Corporate Purposes: Balance net proceeds

Risk Factors

  • High Customer Concentration Risk: Top ten customers contributed 80.53% of revenue in Fiscal 2026.
  • Dependence on Brunswick Bowling Products: Revenues from Brunswick equipment accounted for 50.21% of revenue in Fiscal 2026.
  • Negative Cash Flow from Operations: Company reported negative cash flows from operating activities of ₹382.09 lakhs in Fiscal 2026.

What's Next

Allotment date is scheduled for 2026-09-02. The shares are expected to list on 2026-09-04. Basis of allotment will be determined by the registrar based on subscription levels.

Historical Stock Returns for Complete Sports & Management

1 Day5 Days1 Month6 Months1 Year5 Years
+1.21%+1.53%+28.00%+42.22%+42.22%+42.22%

How might the planned expansion into 'Duckpin – The Bowling Bistro' diversify CSML's revenue streams beyond traditional equipment distribution?

What strategies does CSML plan to implement to mitigate the risk of negative operating cash flows post-IPO?

Could the high dependency on Brunswick Bowling Products expose CSML to significant supply chain or contractual risks if that partnership changes?

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1 Year Returns:+42.22%