Nazara Technologies

₹509 2.3 | 0.4%

WEBSITE BSE:543280 NSE : NAZARA 23 Mar, 15:31

Market Cap ₹3368 Cr.

Stock P/E 79.8

P/B 3

Current Price ₹509

Book Value ₹ 171.4

Face Value 4

52W High ₹897

Dividend Yield 0%

52W Low ₹ 482

Edit Ratio

Nazara Technologies Research see more...

Nazara Technologies Limited: Growth should be supplemented by increased adoption and industry dynamics

Overview Inc. Year: 1999Industry: IT - Software

Nazara Technologies Ltd operates a gaming and sports activities media platform in India and across the world. The organisation operates thru Gamified Early Learning, esports, Freemium, Telco Subscription, and Skill Based Real Money Gaming segments. It offers e-Sports, gamified early learning eco-systems and interactive gaming. The enterprise additionally engages in the provision of subscription/download of games/different contents. In addition, it owns diverse IPs, together with World Cricket Championship and CarromClash in cell video games; Kiddopia in gamified early getting to know; Nodwin and Sportskeeda in eSports and eSports media; and Halaplay and Qunami in skill-based, delusion, and trivia games. Nazara Technologies Ltd was incorporated in 1999 and is based in Mumbai, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Nazara Technologies Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	123	131	130	186	175	223	264	315
Other Income	2	5	6	4	10	7	23	12
Total Income	126	136	135	190	185	230	287	326
Total Expenditure	114	106	111	157	162	193	250	285
Operating Profit	12	30	24	33	23	37	37	42
Interest	0	0	0	0	0	0	1	1
Depreciation	7	8	10	14	11	14	10	13
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	4	22	15	20	11	23	26	29
Provision for Tax	-1	8	0	5	6	6	9	6
Profit After Tax	5	14	15	15	5	17	17	22
Adjustments	-2	-9	-4	-6	-3	-5	-7	-4
Profit After Adjustments	3	5	10	9	2	12	10	18
Adjusted Earnings Per Share	0.5	0.9	1.7	1.3	0.3	1.7	1.6	2.7

Nazara Technologies Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	54	87	153	211	190	171	170	248	454	622	977
Other Income	2	3	5	8	12	10	16	15	14	24	52
Total Income	56	90	158	219	202	180	186	263	469	646	1028
Total Expenditure	37	50	82	135	129	126	160	255	413	535	890
Operating Profit	19	40	76	84	73	54	26	8	55	111	139
Interest	0	0	0	0	0	1	1	1	1	1	2
Depreciation	1	1	1	1	1	4	16	26	36	39	48
Exceptional Income / Expenses	0	0	0	0	0	-36	0	0	0	0	0
Profit Before Tax	18	39	75	83	72	13	9	-20	17	70	89
Provision for Tax	5	10	16	18	11	12	5	7	3	19	27
Profit After Tax	13	29	59	65	61	1	4	-27	14	51	61
Adjustments	0	0	0	0	0	1	11	25	-4	-23	-19
Profit After Adjustments	13	29	59	65	61	3	15	-2	9	28	42
Adjusted Earnings Per Share	6.7	14.8	32	13	12.3	0.5	2.8	-0.4	1.5	4.3	6.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	37%	54%	27%	0%
Operating Profit CAGR	102%	62%	9%	0%
PAT CAGR	264%	134%	-4%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-42%	NA%	NA%	NA%
ROE Average	6%	1%	1%	24%
ROCE Average	8%	2%	3%	32%

Nazara Technologies Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	38	67	109	158	223	356	408	501	658	1041
Minority's Interest	0	0	0	0	0	42	41	69	121	157
Borrowings	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	1	-0	-1	-3	27	18	33	26	33
Total Current Liabilities	10	11	32	40	41	43	49	148	214	173
Total Liabilities	48	79	142	198	261	468	515	752	1018	1404
Fixed Assets	1	1	1	2	2	126	143	327	296	424
Other Non-Current Assets	12	6	5	7	11	47	58	45	41	65
Total Current Assets	34	72	136	189	249	295	315	380	681	915
Total Assets	48	79	142	198	261	468	515	752	1018	1404

Nazara Technologies Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	2	3	9	36	69	65	89	53	72	140
Cash Flow from Operating Activities	14	22	52	59	57	-6	14	-2	68	62
Cash Flow from Investing Activities	-5	-16	-8	-6	-54	-20	-68	9	-268	-350
Cash Flow from Financing Activities	-8	0	-16	-20	0	46	12	3	217	335
Net Cash Inflow / Outflow	1	6	28	32	2	21	-42	10	17	47
Closing Cash & Cash Equivalent	3	9	36	69	65	89	53	72	86	192

Nazara Technologies Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	6.74	14.79	32.03	12.98	12.27	0.51	2.75	-0.38	1.51	4.32
CEPS(Rs)	7.2	15.19	32.46	13.17	12.51	1.02	3.64	-0.08	8.05	13.8
DPS(Rs)	0	0	0	40	0	60.4	0	0	0	0
Book NAV/Share(Rs)	18.88	33.75	58.59	31.87	44.2	62.42	69.58	84.91	105.97	158.34
Core EBITDA Margin(%)	32.09	42.35	46.41	36.01	32.16	26.13	5.59	-3.02	9.05	13.91
EBIT Margin(%)	33.93	44.61	49.02	39.27	37.91	8.47	5.98	-7.41	3.85	11.44
Pre Tax Margin(%)	33.85	44.41	48.86	39.07	37.76	7.91	5.46	-7.91	3.65	11.24
PAT Margin (%)	24.34	33.13	38.63	30.56	32.1	0.75	2.58	-10.82	2.99	8.16
Cash Profit Margin (%)	26.01	34.05	39.15	31	32.71	3.22	11.79	-0.18	10.81	14.43
ROA(%)	27.33	45.59	53.66	38	26.58	0.35	0.89	-4.23	1.54	4.19
ROE(%)	35.7	56.19	67.86	48.41	32.27	0.46	1.22	-6.24	2.42	6.05
ROCE(%)	48.14	73.85	84.89	61.93	37.74	4.98	2.66	-4.04	3.02	8.37
Receivable days	86.9	52.24	39.68	47.18	56.99	73.89	95.75	84.14	54.93	45
Inventory Days	0	0	0	0	0	0	0	0	0	0.76
Payable days	0	0	0	0	853.36	1155.58	221.2	0	0	0
PER(x)	0	0	0	0	0	0	0	0	485.66	189.43
Price/Book(x)	0	0	0	0	0	0	0	0	6.91	5.17
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	-0.13	-0.3	-0.34	-0.35	-0.59	-0.63	-0.72	-0.71	9.02	8.04
EV/Core EBITDA(x)	-0.38	-0.66	-0.68	-0.89	-1.53	-1.96	-4.74	-21.99	73.93	45.21
Net Sales Growth(%)	0	61.14	75.11	38.04	-9.95	-10.31	-0.42	45.74	83.51	36.88
EBIT Growth(%)	0	111.81	92.42	10.6	-13.08	-79.96	-29.69	-280.55	195.41	306.29
PAT Growth(%)	0	119.36	104.17	9.18	-5.4	-97.91	243.18	-711.46	150.79	272.79
EPS Growth(%)	0	119.36	116.62	-59.49	-5.4	-95.81	435.94	-113.8	496.67	186.64
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	3.47	6.58	4.2	4.69	6.14	6.83	6.44	2.56	3.19	5.29
Quick Ratio(x)	3.47	6.58	4.2	4.69	6.14	6.83	6.44	2.56	3.19	5.28
Interest Cover(x)	391.43	227.88	320.44	195.6	250.29	15.13	11.54	-14.83	19.44	59.25
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0

Nazara Technologies Shareholding Pattern

#	Sep 2016	Mar 2017	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	75.66	27.78	20.7	20.7	20.7	19.32	19.32	19.2	19.17	19.14
FII	0	0	6.21	8.96	8.29	11.1	10.35	10.15	10.34	10.15
DII	13.79	0	11.97	3.54	5.84	5.09	3.89	5.5	5.44	6.31
Public	10.56	72.22	61.13	66.79	65.17	64.49	66.44	65.15	65.05	64.41
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2016	Mar 2017	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	0.06	0.75	0.63	0.63	0.63	0.63	0.63	1.26	1.26	1.26
FII	0	0	0.19	0.27	0.25	0.36	0.34	0.67	0.68	0.67
DII	0.01	0	0.36	0.11	0.18	0.17	0.13	0.36	0.36	0.42
Public	0.01	1.95	1.86	2.03	1.98	2.1	2.17	4.28	4.28	4.24
Others	0	0	0	0	0	0	0	0	0	0
Total	0.07	2.7	3.05	3.05	3.05	3.26	3.26	6.57	6.58	6.59