Nazara Technologies Ltd

Nazara Technologies Ltd

₹ 928 2.19%
16 Jul 12:07 p.m.
About

Nazara Technologies is the leading India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems.

Key Points

Nazara Technologies is a leading India based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, eSports and gamified early learning ecosystems. The company owns some of the most recognisable IP, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay Technologies Private Limited (“Halaplay”) and Qunami in skill-based, fantasy and trivia games. Nazara was among the first entrants in the Indian market in eSports (through Nodwin) and cricket simulation (through Nextwave).

  • Market Cap 7,107 Cr.
  • Current Price 928
  • High / Low 990 / 591
  • Stock P/E
  • Book Value 209
  • Dividend Yield 0.00 %
  • ROCE -7.17 %
  • ROE -7.74 %
  • Face Value 4.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 4.50 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.73%
  • The company has delivered a poor sales growth of -11.7% over past five years.
  • Promoter holding is low: 16.4%
  • Company has a low return on equity of -5.60% over last 3 years.
  • Debtor days have increased from 45.2 to 78.9 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 817 days to 2,558 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6 6 4 6 4 5 6 6 6 5 7 5 6
14 13 17 10 24 8 28 10 22 8 12 10 125
Operating Profit -8 -7 -12 -4 -20 -3 -22 -4 -16 -4 -5 -5 -119
OPM % -125% -109% -295% -56% -577% -68% -351% -65% -257% -79% -69% -102% -1,833%
1 2 3 2 5 4 11 7 5 7 7 13 18
Interest 0 0 0 0 1 0 0 0 0 0 1 0 0
Depreciation 2 1 1 1 0 1 1 1 1 1 0 1 1
Profit before tax -8 -6 -10 -3 -16 0 -12 2 -11 2 1 7 -102
Tax % 33% 14% 23% 17% -18% -400% -19% 8% -6% 22% 61% 13% -3%
-6 -5 -8 -2 -19 1 -15 2 -12 2 1 6 -105
EPS in Rs -0.92 -0.79 -1.30 -0.37 -2.87 0.08 -2.22 0.34 -1.81 0.23 0.08 0.79 -13.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
31 46 117 77 66 43 46 33 20 23 23
21 32 96 69 104 52 37 37 64 68 156
Operating Profit 10 14 21 8 -37 -8 9 -4 -43 -45 -133
OPM % 32% 30% 18% 10% -56% -19% 21% -13% -211% -196% -569%
1 2 24 6 35 12 7 9 13 27 45
Interest 0 0 0 0 0 0 1 0 0 0 2
Depreciation 0 0 1 1 1 1 5 5 4 3 2
Profit before tax 10 15 44 13 -4 3 10 -1 -35 -21 -92
Tax % 34% 31% 27% 30% -174% 29% 34% 189% 2% -13% -6%
7 10 32 9 -10 2 7 1 -34 -24 -98
EPS in Rs 40.41 60.18 80.28 23.10 -1.93 0.40 1.24 0.13 -5.18 -3.63 -12.74
Dividend Payout % 0% 0% 62% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -12%
3 Years: -11%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -261%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -2%
1 Year: 36%
Return on Equity
10 Years: %
5 Years: -4%
3 Years: -6%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 2 2 11 11 11 12 13 26 31
Reserves 20 30 73 90 212 242 332 458 886 889 1,572
1 1 0 0 0 0 4 0 3 0 5
7 7 24 15 23 17 25 102 18 10 20
Total Liabilities 30 40 99 107 246 270 372 572 919 926 1,628
0 1 2 2 1 1 5 1 3 1 5
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 0 1 53 73 198 240 336 444 870 806 685
29 37 44 32 46 29 31 126 46 119 938
Total Assets 30 40 99 107 246 270 372 572 919 926 1,628

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 8 -8 3 8 49 -48 -18 -18
18 -11 -44 -15 -4 -158 -321 -24 -362
-20 0 46 12 -3 108 314 39 750
Net Cash Flow 6 -2 -5 0 1 -1 -54 -3 369

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 124 48 57 55 123 60 67 47 9 48 79
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 124 48 57 55 123 60 67 47 9 48 79
Working Capital Days 98 79 22 27 87 1 -61 -456 -182 75 2,558
ROCE % 54% 13% -3% 1% 3% -0% -5% -3% -7%

Shareholding Pattern

Numbers in percentages

13 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
20.70% 20.70% 19.32% 19.32% 19.20% 19.17% 19.14% 19.05% 19.05% 19.01% 17.16% 16.43%
8.96% 8.29% 11.10% 10.35% 10.15% 10.34% 10.15% 8.58% 8.58% 10.97% 10.46% 9.44%
3.55% 5.84% 5.09% 3.89% 5.50% 5.43% 6.31% 8.19% 10.67% 9.11% 15.90% 16.80%
66.79% 65.17% 64.49% 66.44% 65.15% 65.06% 64.41% 64.19% 61.70% 60.92% 56.48% 57.34%
No. of Shareholders 97,64594,6741,27,1411,52,4011,80,8112,00,1591,94,8661,90,9091,78,9311,71,5511,71,4971,69,481

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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