Nazara Technologies Ltd

Nazara Technolo. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nazara Technologies Ltd

₹ 624 -2.62%
19 Apr 4:01 p.m.
nazara.com BSE: 543280 NSE : NAZARA
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).

Website BSE NSE
  • Market Cap ₹ 4,757 Cr.
  • Current Price ₹ 624
  • High / Low ₹ 990 / 534
  • Stock P/E
  • Book Value ₹ 125
  • Dividend Yield 0.00 %
  • ROCE -2.65 %
  • ROE -2.98 %
  • Face Value ₹ 4.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 4.99 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 -19.1% over past five years.
  • Promoter holding is low: 16.4%
  • Company has a low return on equity of -3.07% over last 3 years.
  • Earnings include an other income of Rs.32.2 Cr.
  • Debtor days have increased from 34.4 to 47.6 days.
  • Working capital days have increased from -188 days to 74.6 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.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7.20 6.40 6.40 4.20 6.30 3.50 4.68 6.30 5.78 6.19 4.75 6.88 5.20
9.50 14.40 13.40 16.60 9.80 23.70 7.85 28.40 9.52 22.08 8.50 11.65 10.49
Operating Profit -2.30 -8.00 -7.00 -12.40 -3.50 -20.20 -3.17 -22.10 -3.74 -15.89 -3.75 -4.77 -5.29
OPM % -31.94% -125.00% -109.38% -295.24% -55.56% -577.14% -67.74% -350.79% -64.71% -256.70% -78.95% -69.33% -101.73%
1.40 1.20 2.50 3.10 1.80 5.10 4.01 10.60 6.89 5.22 6.63 7.44 12.90
Interest 0.00 0.00 0.00 0.00 0.00 0.60 0.05 0.10 0.03 0.00 0.23 0.81 0.32
Depreciation 1.30 1.50 1.10 0.90 1.20 0.20 0.68 0.70 0.70 0.61 0.68 0.44 0.68
Profit before tax -2.20 -8.30 -5.60 -10.20 -2.90 -15.90 0.11 -12.30 2.42 -11.28 1.97 1.42 6.61
Tax % -4.55% 32.53% 14.29% 22.55% 17.24% -17.61% -400.00% -18.70% 8.26% -6.12% 22.34% 61.27% 12.56%
-2.30 -5.60 -4.80 -7.90 -2.40 -18.70 0.55 -14.60 2.22 -11.97 1.53 0.55 5.78
EPS in Rs -0.40 -0.92 -0.79 -1.30 -0.37 -2.87 0.08 -2.22 0.34 -1.81 0.23 0.08 0.79
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 TTM
31.10 46.05 116.96 77.36 66.35 43.45 46.12 32.90 20.40 23.00 23.02
21.28 32.45 96.20 69.34 103.75 51.51 36.65 37.20 63.50 68.10 52.72
Operating Profit 9.82 13.60 20.76 8.02 -37.40 -8.06 9.47 -4.30 -43.10 -45.10 -29.70
OPM % 31.58% 29.53% 17.75% 10.37% -56.37% -18.55% 20.53% -13.07% -211.27% -196.09% -129.02%
0.93 1.54 24.15 6.45 34.98 11.96 6.63 9.00 12.60 26.70 32.19
Interest 0.15 0.11 0.17 0.11 0.21 0.00 0.52 0.20 0.30 0.10 1.36
Depreciation 0.19 0.25 0.91 1.07 1.16 0.76 5.11 5.40 3.80 2.70 2.41
Profit before tax 10.41 14.78 43.83 13.29 -3.79 3.14 10.47 -0.90 -34.60 -21.20 -1.28
Tax % 34.01% 30.72% 26.74% 30.40% -174.41% 29.30% 33.52% 188.89% 2.31% -13.21%
6.87 10.23 32.11 9.24 -10.41 2.22 6.97 0.80 -33.80 -24.00 -4.11
EPS in Rs 40.41 60.18 80.28 23.10 -1.93 0.40 1.24 0.13 -5.18 -3.63 -0.71
Dividend Payout % 0.00% 0.00% 61.97% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -19%
3 Years: -21%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 87%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -7%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: -2%
3 Years: -3%
Last Year: -3%

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 Sep 2023
Equity Capital 0.87 0.87 1.99 1.99 10.79 10.99 11.20 12.20 13.00 26.50 26.47
Reserves 20.14 30.37 73.27 89.87 211.50 241.67 331.58 457.70 885.70 889.40 891.86
Preference Capital 1.25 1.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 3.99 0.00 2.60 0.00 65.91
8.59 8.45 23.58 14.98 23.22 17.04 25.10 101.60 17.60 10.10 17.02
Total Liabilities 29.60 39.69 98.84 106.84 245.51 269.70 371.87 571.50 918.90 926.00 1,001.26
0.45 1.35 1.94 1.68 1.25 0.57 5.09 0.90 2.70 0.90 6.00
CWIP 0.00 0.00 0.36 0.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 1.06 52.89 72.58 198.03 240.48 335.91 444.30 870.20 806.00 832.72
29.15 37.28 43.65 32.44 46.23 28.65 30.87 126.30 46.00 119.10 162.54
Total Assets 29.60 39.69 98.84 106.84 245.51 269.70 371.87 571.50 918.90 926.00 1,001.26

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
8.31 8.25 -7.56 3.28 8.10 48.70 -48.00 -17.60
17.84 -10.69 -43.56 -14.86 -4.29 -157.80 -320.80 -24.20
-20.31 0.00 45.86 11.73 -2.60 107.80 314.30 38.90
Net Cash Flow 5.83 -2.44 -5.26 0.15 1.21 -1.30 -54.50 -2.90

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
Debtor Days 124.05 47.56 57.39 54.83 122.95 60.06 66.95 46.60 8.95 47.61
Inventory Days 0.00 0.00
Days Payable
Cash Conversion Cycle 124.05 47.56 57.39 54.83 122.95 60.06 66.95 46.60 8.95 47.61
Working Capital Days 98.35 79.42 22.44 27.08 87.19 0.84 -61.02 -455.97 -182.50 74.59
ROCE % 54.39% 12.91% -2.65% 0.85% 3.17% -0.47% -5.22% -2.65%

Shareholding Pattern

Numbers in percentages

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% 9.56%
3.55% 5.84% 5.09% 3.89% 5.50% 5.43% 6.31% 8.19% 10.67% 9.11% 15.90% 16.55%
66.79% 65.17% 64.49% 66.44% 65.15% 65.06% 64.41% 64.19% 61.70% 60.92% 56.48% 57.46%
No. of Shareholders 97,64594,6741,27,1411,52,4011,80,8112,00,1591,94,8661,90,9091,78,9311,71,5511,71,4971,69,936

* 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.

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