BSE: 543280 | NSE: NAZARA | IT - Software | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nazara Technologies Ltd is a average quality company.
The key valuation ratios of Nazara Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nazara Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 63.4% | 63.6% | 16% | -2.3% | 1.3% | 3.7% | -0.2% | -5% | -2.3% | -7.2% | - |
| Value Creation Index ⓘ | 3.7 | 3.7 | 0.2 | -1.2 | -0.9 | -0.7 | -1.0 | -1.4 | -1.2 | -1.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 89.6 | 117 | 77.4 | 66.4 | 43.5 | 46.1 | 32.9 | 20.4 | 23 | 23.3 | 26 |
| Sales YoY Gr. | - | 30.5% | -33.9% | -14.2% | -34.5% | 6.1% | -28.7% | -38% | 12.6% | 1.5% | - |
| Adj EPS ⓘ | 13.2 | 6.2 | 1.5 | 2.7 | -0.5 | 1.4 | 0.7 | -2.1 | -0.5 | -2.9 | -9 |
| YoY Gr. | - | -52.8% | -76.1% | 83.9% | -118.3% | NA | -49% | -390.4% | NA | NA | - |
| BVPS (₹) ⓘ | 33.5 | 15.1 | 17.7 | 37.6 | 41.3 | 56.7 | 75.1 | 136.4 | 138.4 | 209.2 | 290.2 |
| Adj Net Profit ⓘ | 24.4 | 31 | 7.4 | 14.8 | -2.8 | 8 | 4.4 | -13.9 | -3.5 | -22 | -77 |
| Cash Flow from Ops. ⓘ | 25.5 | 8.3 | 8.3 | -7.6 | 3.3 | 8.1 | 48.7 | -48 | -17.6 | -17.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -13.9% | -11.7% | -10.9% | 1.5% | ||||
| Adj EPS ⓘ | -184.4% | NA | -258% | NA | ||||
| BVPSⓘ | 22.6% | 38.3% | 40.7% | 51.2% | ||||
| Share Price | - | - | -3.7% | 13.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 41.3 | 44.8 | 8.9 | 9.4 | -1.2 | 2.7 | 1.1 | -2 | -0.4 | -1.8 | -3.6 |
| Op. Profit Mgn % ⓘ | 38.6 | 17.8 | 10.4 | -1.2 | -10.8 | 28.3 | 6.4 | -63.2 | -54.1 | -71.1 | -513.5 |
| Net Profit Mgn % ⓘ | 27.2 | 26.5 | 9.6 | 22.3 | -6.3 | 17.4 | 13.5 | -67.9 | -15.2 | -94.5 | -292.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 107 | 94 | 130 | 177 | 271 | 192 | 514 | 709 | 216 | 628 | 5,838 |
| Cash Conv. Cycle ⓘ | -42 | -24 | -21 | -12 | -60 | -60 | -63 | -65 | -2 | 8 | 5,458 |
Sales growth is good in last 4 quarters at 15.18%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -10.85%
Net Profit has been subdued in last 3 years -258.01%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -9 | 7.2 |
| TTM Sales (₹ Cr.) | 26.4 | 1,156 |
| BVPS (₹.) ⓘ | 290.2 | 321 |
| Reserves (₹ Cr.) ⓘ | 2,445 | 2,711 |
| P/BV ⓘ | 3.44 | 3.11 |
| PE ⓘ | 0.00 | 137.83 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 590.85 / 1124.15 |
| All Time Low / High (₹) | 481.95 / 1677.20 |
| Market Cap (₹ Cr.) | 8,524 |
| Equity (₹ Cr.) | 34.2 |
| Face Value (₹) | 4 |
| Industry PE ⓘ | 36 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 90 | 117 | 77 | 66 | 43 | 46 | 33 | 20 | 23 | 23 |
| Operating Expenses ⓘ | 55 | 96 | 69 | 68 | 52 | 37 | 37 | 64 | 68 | 156 |
| Manufacturing Costs | 7 | 11 | 6 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 10 | 20 | 21 | 25 | 16 | 14 | 17 | 21 | 21 | 20 |
| Other Costs ⓘ | 38 | 66 | 42 | 41 | 35 | 22 | 20 | 43 | 47 | 135 |
| Operating Profit ⓘ | 35 | 21 | 8 | -2 | -8 | 9 | -4 | -43 | -45 | -133 |
| Operating Profit Margin (%) | 38.6% | 17.8% | 10.4% | -2.5% | -18.5% | 20.5% | -13.1% | -211.0% | -196.0% | -568.0% |
| Other Income ⓘ | 3 | 24 | 6 | 35 | 12 | 7 | 9 | 13 | 27 | 45 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 4 | 3 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -36 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 37 | 44 | 13 | -4 | 3 | 10 | -1 | -35 | -21 | -92 |
| Tax ⓘ | 13 | 12 | 4 | 7 | 1 | 4 | -2 | -1 | 3 | 6 |
| Profit After Tax | 25 | 32 | 9 | -10 | 2 | 7 | 1 | -34 | -24 | -98 |
| PAT Margin (%) | 27.5% | 27.5% | 11.9% | -15.7% | 5.1% | 15.1% | 2.4% | -165.0% | -104.0% | -418.0% |
| Adjusted EPS (₹) | 13.4 | 6.5 | 1.9 | -1.9 | 0.4 | 1.2 | 0.1 | -5.2 | -3.6 | -12.7 |
| Dividend Payout Ratio (%) | 0% | 62% | 0% | -1,565% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 63 | 75 | 88 | 203 | 227 | 317 | 458 | 887 | 916 | 1,601 |
| Share Capital ⓘ | 2 | 2 | 2 | 11 | 11 | 11 | 12 | 13 | 26 | 31 |
| Reserves ⓘ | 61 | 73 | 86 | 192 | 216 | 306 | 446 | 874 | 889 | 1,571 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 18 | 17 | 10 | 15 | 10 | 8 | 13 | 2 | 2 | 7 |
| Others Liabilities ⓘ | 4 | 6 | 8 | 25 | 30 | 44 | 97 | 24 | 5 | 19 |
| Total Liabilities ⓘ | 84 | 97 | 106 | 243 | 267 | 370 | 569 | 913 | 923 | 1,628 |
Fixed Assets | ||||||||||
| Gross Block | 4 | 6 | 6 | 7 | 7 | 17 | 18 | 23 | 10 | 11 |
| Accumulated Depreciation | 3 | 4 | 5 | 6 | 6 | 12 | 17 | 21 | 9 | 6 |
| Net Fixed Assetsⓘ | 1 | 2 | 2 | 1 | 1 | 5 | 1 | 3 | 1 | 5 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 33 | 53 | 73 | 198 | 240 | 336 | 444 | 870 | 806 | 685 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 15 | 18 | 12 | 22 | 7 | 8 | 4 | 1 | 3 | 5 |
Cash Equivalents  ⓘ
| 22 | 10 | 8 | 3 | 3 | 4 | 56 | 29 | 101 | 873 |
| Others Assetsⓘ | 14 | 14 | 12 | 19 | 16 | 17 | 63 | 11 | 13 | 60 |
| Total Assets ⓘ | 84 | 97 | 106 | 243 | 267 | 370 | 569 | 913 | 923 | 1,628 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 25 | 8 | 8 | -8 | 3 | 8 | 49 | -48 | -18 | -18 |
| PBT ⓘ | 37 | 44 | 13 | -4 | 3 | 10 | -1 | -35 | -21 | -92 |
| Adjustment ⓘ | -3 | -23 | 1 | 18 | 2 | 3 | 4 | 25 | 11 | 78 |
| Changes in Working Capital ⓘ | 4 | -1 | -0 | -15 | 1 | -3 | 47 | -38 | -7 | -1 |
| Tax Paid ⓘ | -14 | -12 | -5 | -6 | -2 | -2 | -1 | 0 | 0 | -3 |
| Cash Flow From Investing Activity ⓘ | -6 | 18 | -11 | -44 | -15 | -4 | -158 | -321 | -24 | -362 |
| Capex | -1 | -2 | -1 | -1 | 0 | 0 | 0 | 0 | -1 | 0 |
| Net Investments | -9 | -1 | -10 | -8 | 7 | 52 | -72 | -275 | 73 | -274 |
| Others ⓘ | 3 | 21 | 0 | -35 | -22 | -56 | -85 | -46 | -97 | -88 |
| Cash Flow From Financing Activityⓘ | -16 | -20 | 0 | 46 | 12 | -3 | 108 | 314 | 39 | 750 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 77 | 12 | 3 | 112 | 318 | 42 | 760 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Dividend Paid ⓘ | 0 | -20 | 0 | -30 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -16 | 0 | 0 | -1 | 0 | -5 | -4 | -3 | -3 | -10 |
| Net Cash Flow ⓘ | 3 | 6 | -2 | -5 | 0 | 1 | -1 | -55 | -3 | 369 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 42.71 | 46.85 | 11.31 | -7.15 | 1.03 | 2.56 | 0.21 | -5.03 | -2.66 | -7.75 |
| ROCE (%) | 63.37 | 63.61 | 16.03 | -2.28 | 1.32 | 3.69 | -0.17 | -5.01 | -2.32 | -7.18 |
| Asset Turnover Ratio | 1.22 | 1.29 | 0.76 | 0.38 | 0.17 | 0.14 | 0.07 | 0.03 | 0.02 | 0.02 |
| PAT to CFO Conversion(x) | 1 | 0.25 | 0.89 | N/A | 1.5 | 1.14 | 49 | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 48 | 51 | 71 | 93 | 124 | 62 | 70 | 42 | 28 | 63 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
The company 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 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 goal is to cater to billion plus mobile internet players across emerging markets who have embraced social multiplayer interactive gaming as the foremost form of entertainment. The company seeks to achieve this by providing interactive mobile games, eSports content and gamified early learning apps which are entertaining, locally relevant and result in positive engagement and longer retention of users of company’s platform. Given the company’s market-first position in India across sports simulation and eSports, it is well placed to leverage the opportunity that interactive mobile games, eSports content and gamified early learning apps offer. Its effort has been to grow revenue and profitability concurrently by leveraging its capabilities of in-house content creation, game engine development, technology stack development, its relationships with other participants in gaming ecosystems and its skilled leadership.
Business area of the bank
Nazara Technologies is a leading mobile game company in India. The company offers a range of diversified gaming products across the Interactive gaming, eSports, and gamified early learning ecosystem across emerging markets i.e. India, Africa, South East Asia, Middle East, and Latin America.
Major events and milestones
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