loader2
Partner With Us NRI

Nazara Technologies Ltd share Price Today

Company details

655.05
678.40
495.95
989.40
6M Return -18.86%
1Y Return 34.49%
Mkt Cap.(Cr) 5,139.41
Volume 304,753
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 304,753

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Internet Software & Services company Nazara Technologies announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Revenue: Increased to Rs 320.4 crore, a 2% growth compared to Rs 314.8 crore in Q3FY23.
  • EBITDA: Rose by 24% to Rs 37.7 crore from Rs 30.5 crore in Q3FY23.
  • EBITDA Margin: Improved by 210 basis points to 11.8% from 9.7% in Q3FY23.
  • PAT (Profit After Tax): Grew by 47% to Rs 29.5 crore versus Rs 20.1 crore in Q3FY23.

Consolidated 9MFY24:

  • Revenue: 9% increase to Rs 872.1 crore from Rs 801.7 crore in 9MFY23.
  • EBITDA: 20% growth to Rs 98.7 crore, up from Rs 81.9 crore in 9MFY23.
  • EBITDA Margin: Went up by 110 basis points to 11.3% from 10.2% in 9MFY23.
  • PAT: Increased by 44% to Rs 74.6 crore compared to Rs 51.8 crore in 9MFY23.

Fundraising and Cash Balance:

  • Fundraising: The company raised Rs 760 crore through a preferential placement to marquee investors.
  • Proforma Cash Balance: Approximately Rs 1,500 crore, which includes the recent fund raise.

Business Segments (9MFY24):

  • Gaming: Contributed 36% of total revenue.
  • eSports: Accounted for 55% of total revenue.
  • Adtech: Made up 9% of total revenue.

Geographical Revenue Breakdown (9MFY24):

  • India: 46% of total revenue.
  • North America: 38% of total revenue.
  • Rest of the World: 16% of total revenue.

Commenting on the Q3 & 9MFY24 performance, Nitish Mittersain, Founder, CEO & Jt MD of Nazara Technologies stated: “We saw healthy growth in Animal Jam and Sportskeeda resulting in our EBITDA increase by 24% year-on-year and our EBITDA margin increasing from 9.7% in Q3FY23 to 11.8% in Q3FY24, with our esports segment witnessing a remarkable 79% EBITDA growth.

Our approach of acquiring global gaming IPs and leveraging focused user acquisition alongside data-driven product innovation is beginning to pay off, as demonstrated by Animal Jam's performance in Q3. We are optimistic this strategy will enable substantial scale-up opportunities we can replicate in the future.

We have also completed our FY24 fundraising goal, securing Rs 760 crore through a preferential placement to marquee investors. With significant cash reserves, we're in an excellent position to pursue the exciting acquisition opportunities our team has identified, aiming for strategic expansion in the upcoming quarters.

Our Nazara Publishing division has hit the ground running, with its inaugural set of games going live soon. This March, we're proud to lead the Indian delegation at GDC San Francisco, the world's premier gaming conference, and co-host the first ever "India pavilion" marking a significant milestone for us and the Indian gaming community.”

 

 

Result PDF

View Other Company Results

Nazara Technologies Ltd shares SWOT Analysis

Strengths (13)

  • Company with high TTM EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (3)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (5)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 681.6
R2 691.7
R3 704.9
Pivot

668.30

S1 658.2
S2 645.0
S3 634.9
EMA SMA
700.7
758.2
784.5
769.6
693.0
791.5
815.1
785.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-12 953.44 491675 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-12 953.98 491675 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-13 852.49 551096 NSE
Name Category Shares
NITISH MITTERSAIN PROMOTER 2.64%
MITTER INFOTECH LLP PROMOTER 13.75%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Nazara Technologies Ltd Stocks COMPARISON

Financials( in Cr) Nazara Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 671.45 3,876.30 1,498.05 1,543.55 480.10
% Change 1.52 0.92 0.96 -0.17 1.65
Mcap Cr 5,139.41 1,402,479.45 621,757.86 418,867.76 250,823.54
Revenue TTM Cr 1,091.00 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 61.40 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 75.07 30.82 25.51 26.68 22.22
1 Year Return 34.49 24.15 7.85 46.80 32.90
ROCE 8.30 58.04 44.36 27.62 17.11
ROE 5.97 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,104.90 Cr FV: 4.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

Nazara Technologies Ltd Information

Stock PE (TTM)
75.07
Promoter Holding
16.43%
Book Value
229.9659
ROCE
8.3%
ROE
5.97%
Description
  • Nazara Technologies Limited was originally incorporated as a private limited company with the name "Nazara.Com Private Limited" on December 8, 1999. Subsequently, the name of the Company was changed to Nazara Technologies Private Limited on July 4, 2003. Thereafter, the Company was converted into a public limited company and the name of the Company was changed to Nazara Technologies Limited on December 13, 2017. The Company is one of the leading mobile games company headquartered in Mumbai, which is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America. The operations comprise of Subscription Business, Freemium Business and esports business. The Subscription Business is focussed on mass mobile internet users in the emerging markets, comprising largely of first time mobile gamers. In light of the low propensity of gamers to pay for online content, the Company has tailored its product offerings to deliver maximum value for gamers at affordable price points. The "sachet pricing" strategy in Subscription Business allows gamers to access entire catalogue of over 1,000 android games, upon signing up for a daily, weekly or monthly subscription. Billing for Subscription Business is channelled through telecom operators (carrier billing), which has eased the payment process for gamers and collection of revenue by the company. As part of in-house Freemium Business, the company understands local gamer behaviour in designing games and innovatively incorporating local, licensed, intellectual property to drive the growth of network of games is one of its key strengths. Localised gamer insights are reflected in the popularity of some of its mobile games on the Google Play Store, such as, `World Cricket Championship 2`, `Chhota Bheem Race`, and `Motu Patlu Game`. These games have consistently been part of the top three games on the top free charts on the Google Play Store ahead of certain globally established names such as Candy Crush, Subway Surfer and Temple Run. The Promoters, Vikash Mittersain and Nitish Mittersain, who have over 15 years of experience in the mobile entertainment and gaming industry.

Registered Address

51-57 Maker Chambers 3, Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-40330800/22810303/22813030
Email : cs:nazara.com
Website : http://www.nazara.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 4
Market Lot Equity Shares : 1
BSE Code : 543280
NSE Code : NAZARA
Book Closure Date (Month) :
BSE Group : A
ISIN : INE418L01021

FAQ’s on Nazara Technologies Ltd Shares

You can buy Nazara Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nazara Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:59 PM the closing price of Nazara Technologies Ltd was ₹ 671.45.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:59 PM, the market cap of Nazara Technologies Ltd stood at ₹ 5,139.41.

The latest PE ratio of Nazara Technologies Ltd as of Mar 28, 2024 03:59 PM is 75.07

The latest PB ratio of Nazara Technologies Ltd as of Mar 28, 2024 03:59 PM is 0.34

The 52-week high of Nazara Technologies Ltd share price is ₹ 989.40 while the 52-week low is ₹ 495.95

Download Our

Download App
market app