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Nazara Technologies Ltd share Price Today

Company details

858.45
884.00
591.50
989.40
6M Return -3.02%
1Y Return 26.25%
Mkt Cap.(Cr) 6,597.54
Volume 93,232
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 93,232

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Internet Software & Services company Nazara Technologies announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue of Rs 266.2 crore as against Rs 289.3 crore in Q4FY23
  • EBITDA increased to Rs 29.3 crore as against Rs 27.8 crore in Q4FY23
  • EBITDA margin increased by robust 140 bps to 11.0% in Q4FY24 from 9.6% in Q4FY23
  • PAT (from continued operations) of Rs 17.1 crore as against Rs 11.9 crore in Q4FY24

FY24 Financial Highlights:

  • Revenue grew by 4.3% to Rs 1,138.3 crore as against Rs 1,091.0 crore in FY23
  • EBITDA increased by 16.6% to Rs 127.9 crore as against Rs 109.8 crore in FY23
  • EBITDA margin increased by 110 bps to 11.2% in FY24 from 10.1% in FY23
  • Operating Cash Flow (pre-taxes) was Rs 131.4 crore in FY24
  • PAT (from continuing operations) increased by 41.2% to Rs 89.5 crore in FY24 as against Rs 63.4 crore in FY23
  • PAT including discontinued operations increased by 21.8% to Rs 74.8 crore in FY24 as against Rs 61.4 crore in FY23
  • Net Cash Balance of Rs 1,449 crore as of March 31, 2024

Commenting on the Q4 & FY24 performance, Nitish Mittersain, Founder, CEO & Jt MD of Nazara Technologies stated: “FY24 has been a year of building a strong foundation for rapid future scaling. We achieved a 4.3% revenue growth and a 16.5% EBITDA growth, with our margin improving by 110 bps YoY to 11.2%. Notably, our Operating Cash Flow increased to Rs 131.4 crore, reflecting the company's strong underlying performance.

We raised Rs 950 crore at Nazara and subsidiaries, our largest fundraise to date, resulting in a net cash balance of Rs ~1,450 crore.

Key initiatives from FY24 are set to yield results in the coming year, including our new publishing platform, new game launches through existing studios, IP partnerships, and a strong M&A pipeline. Subsidiaries are also successfully adopting our M&A playbook, with Absolute Sports (Sportskeeda) acquiring Pro Football Network (PFN) in March 2023, doubling PFN business post-acquisition and turning it profitable. Nextwave acquired UTP (a casual card game) in April 2024, and NODWIN Gaming acquired Comic Con India.

We are optimistic about FY25, expecting accelerated growth in both revenue and EBITDA. With substantial cash reserves and a robust M&A pipeline, we are well positioned to seize further growth opportunities and enhance our growth trajectory through strategic M&A over the next 12 months.

We have also announced acquisition of 100% stake in Nextwave Multimedia Private Limited, developers of the popular mobile cricket games under the “World Cricket Championship” franchise.”

Result PDF

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Nazara Technologies Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (0)

Data not found

Opportunity (1)

  • RSI indicating price strength

Threats (4)

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

Resistance and support

R1 888.5
R2 905.8
R3 923.5
Pivot

870.77

S1 853.5
S2 835.8
S3 818.5
EMA SMA
766.1
718.7
726.0
735.4
740.9
678.1
728.1
782.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-28 702.48 534406 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-28 702.35 534406 NSE
PLUTUS WEALTH MANAGEMENT LLP Bulk Purchase 2024-05-27 620.5 4884000 BSE
Name Category Shares
NITISH MITTERSAIN PROMOTER 2.64%
MITTER INFOTECH LLP PROMOTER 13.75%

FINANCIALS

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Nazara Technologies Ltd Stocks COMPARISON

Financials( in Cr) Nazara Technologies Ltd Bharti Airtel Ltd Vodafone Idea Ltd Bharti Hexacom Ltd Tata Communications Ltd
Price 867.00 1,423.55 16.66 1,129.70 1,861.50
% Change -0.49 -0.34 -1.13 -2.17 -0.36
Mcap Cr 6,636.19 860,874.07 113,086.22 56,485.00 53,052.75
Revenue TTM Cr 1,091.00 139,144.80 42,177.20 6,579.00 17,838.26
Net Profit TTM Cr 61.40 12,287.40 -29,301.10 549.20 1,766.84
PE TTM 93.65 64.65 0.00 90.61 49.19
1 Year Return 26.99 71.90 119.21 38.90 17.00
ROCE 8.30 12.66 0.00 10.07 15.61
ROE 5.97 17.04 0.00 13.96 46.73
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,104.90 Cr FV: 4.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Nazara Technologies Ltd Information

Stock PE (TTM)
93.65
Promoter Holding
16.43%
Book Value
261.111
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, Company name was changed to Nazara Technologies Private Limited on July 4, 2003. Thereafter, the Company converted into a Public Limited Company and the name of 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 focused 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. In 2022, Sportskeeda, a Nazara subsidiary, acquired Pro Football Network, the No. 3 NFL Publisher in the US. In 2023, the Company acquired Middle Eastern game publisher Publishme and skill gaming platform OpenPlay. It acquired WildWorks to strengthen the Gamified Early Learning Division.

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 Jun 19, 2024 09:49 AM the closing price of Nazara Technologies Ltd was Rs.861.95.

The latest PE ratio of Nazara Technologies Ltd as of Jun 19, 2024 09:49 AM is 93.65

The latest PB ratio of Nazara Technologies Ltd as of Jun 19, 2024 09:49 AM is 0.30

The 52-week high of Nazara Technologies Ltd share price is Rs. 989.40 while the 52-week low is Rs. 591.50

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 Jun 19, 2024 09:49 AM, the market cap of Nazara Technologies Ltd stood at Rs. 6,597.54.

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