Nazara Technologies Ltd
NSE:NAZARA

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Nazara Technologies Ltd Logo
Nazara Technologies Ltd
NSE:NAZARA
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Price: 881.95 INR -1.86% Market Closed
Market Cap: 67.5B INR
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Intrinsic Value

The intrinsic value of one NAZARA stock under the Base Case scenario is 600.13 INR. Compared to the current market price of 881.95 INR, Nazara Technologies Ltd is Overvalued by 32%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

NAZARA Intrinsic Value
600.13 INR
Overvaluation 32%
Intrinsic Value
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Nazara Technologies Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Nazara Technologies Ltd

Current Assets 19B
Cash & Short-Term Investments 15B
Receivables 3.1B
Other Current Assets 860.4m
Non-Current Assets 8.6B
Long-Term Investments 2.4B
PP&E 231.2m
Intangibles 5.8B
Other Non-Current Assets 153.1m
Current Liabilities 3.8B
Accounts Payable 2.4B
Short-Term Debt 92.8m
Other Current Liabilities 1.3B
Non-Current Liabilities 3.8B
Long-Term Debt 126.9m
Other Non-Current Liabilities 3.7B
Efficiency

Earnings Waterfall
Nazara Technologies Ltd

Revenue
11.3B INR
Cost of Revenue
-699.4m INR
Gross Profit
10.6B INR
Operating Expenses
-10.1B INR
Operating Income
527.5m INR
Other Expenses
69.5m INR
Net Income
597m INR

Free Cash Flow Analysis
Nazara Technologies Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Nazara Technologies achieved consolidated revenue of INR 250.1 crores and an EBITDA of INR 24.9 crores for Q1 FY '25. Key growth drivers include successful acquisitions like Paperboat Apps and Fusebox, as well as new growth opportunities in gaming and eSports. The gaming segment contributed 37% to revenue, while eSports contributed 53%. Investments in gaming IP and strategic acquisitions in eSports and Adtech aim to boost organic user acquisition and revenue. The company targets an EBITDA of INR 300 crores by FY '27, driven by ongoing growth strategies and new market opportunities.

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Fundamental Scores

NAZARA Profitability Score
Profitability Due Diligence

Nazara Technologies Ltd's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional Revenue Growth Forecast
Positive 3-Years Revenue Growth
Positive Free Cash Flow
52/100
Profitability
Score

Nazara Technologies Ltd's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

NAZARA Solvency Score
Solvency Due Diligence

Nazara Technologies Ltd's solvency score is 83/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Negative Net Debt
Low D/E
83/100
Solvency
Score

Nazara Technologies Ltd's solvency score is 83/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NAZARA Price Targets Summary
Nazara Technologies Ltd

Wall Street analysts forecast NAZARA stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NAZARA is 951.77 INR with a low forecast of 530.25 INR and a high forecast of 1 438.5 INR.

Lowest
Price Target
530.25 INR
40% Downside
Average
Price Target
951.77 INR
8% Upside
Highest
Price Target
1 438.5 INR
63% Upside
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Dividends

Nazara Technologies Ltd
does not pay dividends
Shareholder Yield

Current shareholder yield for NAZARA is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Profile

Nazara Technologies Ltd Logo
Nazara Technologies Ltd

Country

India

Industry

Media

Market Cap

67.5B INR

Dividend Yield

0%

Description

Nazara Technologies Ltd. operates as a mobile entertainment company. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2021-03-30. The firm offers esports, sports simulation, early learners, skill-based fantasy, and others. Its markets are in Africa and North America, with offerings across interactive gaming, esports, and gamified learning ecosystems. The firm owns a range of intellectual property (IP), including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, NODWIN, and Sportskeeda in esports and esports media, and Halaplay and Qunami in skill-based fantasy, and trivia games. The Company’s distribution pipelines/network with approximately 52 telcos in 58 countries including Africa, the Middle East, and South Asia. The firm's subsidiaries include Absolute Sports Private Limited, Nazara Technologies FZ LLC, Nazara Pte. Limited, Nazara Pro Gaming Private Limited, Next Wave Multimedia Private Limited, and Nodwin Gaming Private Limited.

Contact

MAHARASHTRA
Mumbai
51-57, Maker Chambers 3,, Nariman Point Mumbai
+912240330800
nazara.com

IPO

2021-03-30

Employees

83

Officers

Chairman & MD
Mr. Vikash Pratapchand Mittersain
Founder, Joint MD & Executive Director and CEO
Mr. Nitish Vikash Mittersain
Chief Financial Officer
Mr. Rakesh Shah
Company Secretary & Compliance Officer
Ms. Varsha Vyas
Chief Operating Officer
Mr. Sudhir Kamath
Head of Corporate Development
Ms. Anupriya Sinha Das
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Co-Founder & Chief Product Officer of Paper Boat
Ms. Anshu Dhanuka
Chief Executive Officer of Mastermindsports
Mr. Pratik Shah
Head of Strategic Initiatives
Mr. Dhaval Sheth
Chief Executive Officer of Nazara Digital
Mr. James Savio Saldanha
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See Also

Discover More
What is the Intrinsic Value of one NAZARA stock?

The intrinsic value of one NAZARA stock under the Base Case scenario is 600.13 INR.

Is NAZARA stock undervalued or overvalued?

Compared to the current market price of 881.95 INR, Nazara Technologies Ltd is Overvalued by 32%.

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