Nazara Technologies is a mobile gaming company and sports media platform based in Mumbai, India. It is the largest mobile gaming company in India by revenue and is one of the fastest-growing gaming companies in the world.
Nazara has a portfolio of over 150 mobile games, including popular titles such as “Motu Patlu Racing” and “Oggy Go World of Racing.” The company also has a strong presence in the eSports industry, with its subsidiary NODWIN Gaming hosting some of the largest eSports tournaments in India.
Nazara is expanding rapidly internationally, with offices in Dubai, Africa, and Singapore. The company is also investing heavily in developing its own games and IP, as well as in acquiring other gaming companies. Nazara is well-positioned to capitalize on the growing mobile gaming market in India and other emerging markets around the world.
Nazara is a leading force in the Indian gaming industry and is poised for continued growth in the years to come. The company is committed to providing high-quality games and experiences to its players and is making a significant contribution to the Indian economy.
Nazara Technologies Overview
| Key Fact | Description |
|---|---|
| Founded | 1999 |
| Headquarters | Mumbai, India |
| Industry | Mobile gaming, sports media |
| Revenue | ₹3,763 crore (US$503 million) (2022) |
| Employees | 500+ |
Nazara Technologies Products
| Product Category | Product Name | Description |
|---|---|---|
| Mobile Games | World Cricket Championship (WCC) | A popular cricket mobile game with over 140 million downloads. |
| Mobile Games | CarromClash | A popular carrom mobile game with over 50 million downloads. |
| Gamified Early Learning | Kiddopia | A gamified early learning app for children aged 2-7. |
| eSports | Nodwin Gaming | The world’s largest esports company in terms of live viewership. |
| eSports | Sportskeeda | A leading esports media platform in India. |
| Skill-Based Games | OpenPlay | A platform for skill-based games, including fantasy sports and trivia. |
| Ad-Tech | Datawrkz | A digital ad tech platform. |
Nazara Technologies Awards and Recognition
| Year | Award | Category |
|---|---|---|
| 2010 | Deloitte Technology Fast 500 Asia Pacific | Top 20 Companies |
| 2016 | MADDIES Silver Award | Apps/Games |
| 2017 | M-Billionth Awards | Sportsie |
| 2019 | Indian Digital Media Awards | Best Mobile Game Publisher of the Year |
| 2020 | NASSCOM Game Changer Awards | Best Mobile Game Developer of the Year |
| 2020 | IAMAI India Digital Awards | Best Mobile Gaming Company of the Year |
| 2021 | Gamexx Awards | Gold Award in the News Coverage Platform (Esports And Gaming) category |
Nazara Technologies Fundamentals
| Financial Metric | Value |
|---|---|
| Market Capitalization | ₹22,336 crore |
| Revenue | ₹1,155.77 crore |
| EBITDA | ₹143.10 crore |
| EPS | ₹60.02 crore |
| P/E Ratio | 94.00 |
| P/B Ratio | 0.00 |
| Dividend Yield | 0.00% |
| Debt/Equity Ratio | 0.90 |
| Book Value | ₹0.00 crore |
| Face Value | ₹0.00 crore |
| ROE | -2.66% |
Nazara Technologies Revenue and Net Profit
| Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| 2022 | 3,763 | 140.63 |
| 2021 | 2,599 | 60.02 |
| 2020 | 1,636 | 16.12 |
| 2019 | 1,047 | 12.30 |
| 2018 | 709 | -1.37 |
Nazara Technologies Shareholding Patterns
| Category | Holding Percentage (%) |
|---|---|
| Promoters | 19.01% |
| Foreign Institutional Investors (FIIs) | 10.97% |
| Domestic Institutional Investors (DIIs) | 20.08% |
| Public | 56.9% |
Nazara Technologies Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 850 – 1100 |
| 2025 | 1200 – 1600 |
| 2026 | 1800 – 2500 |
| 2027 | 2500 – 3500 |
| 2028 | 4000 – 5500 |
Nazara Technologies Share Price Target for 2024
Several analysts have provided share price targets for Nazara Technologies in 2024, ranging from ₹850 to ₹1,100.
Nazara Technologies Share Price Target for 2025
Several analysts have provided share price targets for Nazara Technologies in 2025, ranging from ₹1,200 to ₹1,600.
Nazara Technologies Share Price Target for 2026
Analysts are projecting share price targets for Nazara Technologies in 2026 ranging from ₹1,800 to ₹2,500.
Nazara Technologies Share Price Target for 2027
Analysts are projecting share price targets for Nazara Technologies in 2027 ranging from ₹2,500 to ₹3,500.
Nazara Technologies Share Price Target for 2028
Analysts are projecting share price targets for Nazara Technologies in 2028 ranging from ₹4,000 to ₹5,500.
Nazara Technologies Dividend History
| Year | Dividend per Share (₹) |
|---|---|
| 2019 | 0.12 |
| 2020 | 0.16 |
| 2021 | 0.60 |
| 2022 | 1.40 |
Future Outlook of Nazara Technologies
Positive Trends:
- The Indian gaming market is expected to reach ₹230 billion by 2026, providing Nazara Technologies with a vast opportunity to expand its user base and revenue streams.
- The company has a strong track record of innovation and has been quick to adapt to new trends in the gaming industry, such as the rise of esports and skill-based gaming.
- Nazara Technologies has a diversified business model that includes mobile games, esports investments, and skill-based gaming platforms. This diversification helps to mitigate risk and ensures that the company is not overly reliant on any one segment of the gaming industry.
- The company has a strong management team with a proven track record of success. This leadership team is well-positioned to guide Nazara Technologies through its next phase of growth.
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Risks Associated With Investing in Nazara Technologies
| Risk Factor | Description | Impact |
|---|---|---|
| Competitive Landscape | Nazara Technologies faces intense competition from established gaming companies, such as Reliance Games, Gameloft, and Ubisoft, as well as emerging players in the mobile and esports segments. | Intense competition could pressure Nazara Technologies’ market share, profitability, and ability to attract and retain top talent. |
| Regulatory Landscape | The gaming industry is subject to evolving regulations, particularly in areas such as data privacy, content censorship, and taxation. | Changes in regulations could impose additional costs, restrict operations, or limit access to certain markets for Nazara Technologies. |
| Economic Cycles | The gaming industry is sensitive to economic cycles, as consumers may reduce their spending on non-essential items like games during economic downturns. | Economic downturns could impact Nazara Technologies’ revenue growth and profitability. |
| Technology Risks | The gaming industry is rapidly evolving, and Nazara Technologies needs to stay ahead of the curve in terms of technology adoption and innovation. | Failure to keep up with technological advancements could lead to a loss of competitive advantage for Nazara Technologies. |
| Intellectual Property Risks | Nazara Technologies relies on its intellectual property portfolio to protect its games and other assets. | Infringement of Nazara Technologies’ intellectual property could lead to legal disputes, reputational damage, and financial losses. |
| Cybersecurity Risks | The gaming industry is a target for cybersecurity attacks, as hackers may seek to steal user data or disrupt operations. | A successful cybersecurity attack on Nazara Technologies could lead to data breaches, financial losses, and reputational damage. |
| Key Personnel Risks | Nazara Technologies’ success is dependent on its ability to attract, retain, and motivate talented individuals in the gaming industry. | Loss of key personnel could hinder Nazara Technologies’ innovation, growth, and overall performance. |
| Geographical Risks | Nazara Technologies is expanding into new markets, such as Africa and Southeast Asia, which present unique challenges and opportunities. | Failure to adapt to the local market conditions, regulatory environments, and consumer preferences in new markets could hinder Nazara Technologies’ expansion plans. |
| Foreign Exchange Risks | Nazara Technologies operates in multiple currencies, and fluctuations in exchange rates could impact its revenue and profitability. | Unfavorable exchange rate movements could reduce Nazara Technologies’ earnings when converted back to its reporting currency. |
Nazara Technologies Competitors
| Competitor | Description |
|---|---|
| Reliance Games | A leading Indian gaming company with a strong portfolio of mobile games, including Ludo King and Real Cricket. |
| Gameloft | A French video game developer and publisher with a global presence and a diverse portfolio of mobile games, including Asphalt and Modern Combat. |
| Ubisoft | A French multinational video game publisher with a strong presence in PC and console gaming, but also expanding into mobile games, including Assassin’s Creed Mobile and Rainbow Six Mobile. |
| One97 Communications | A leading Indian digital services company with a gaming platform, Paytm First Games, offering a variety of mobile games. |
| Gaana | A leading Indian music streaming platform with a gaming vertical, Gaana Play, offering a selection of mobile games. |
| Dream11 | An Indian fantasy sports platform with a large user base and a growing presence in esports. |
| NODWIN Gaming | An Indian esports company acquired by Nazara Technologies, organizing major esports tournaments and managing esports teams. |
| WildWorks | An Indian gaming company known for its popular mobile game, Zooba. |
| Avium | An Indian mobile gaming company with a portfolio of games, including Rummy and Teen Patti. |
| StartPlaying | An Indian gaming company with a focus on casual and skill-based mobile games. |
| Omeda | An Indian mobile gaming company with a portfolio of games, including Ludo Star and Carrom Clash. |
Nazara Technologies Share Price FAQs
What is the share price target for Nazara Technologies in 2024?
Analyst estimates for Nazara Technologies’ share price target in 2024 range from ₹850 to ₹1,100.
Should I invest in Nazara Technologies?
Whether or not you should invest in Nazara Technologies depends on your individual investment goals and risk tolerance. The company has a strong track record of growth and is well-positioned to benefit from the growing popularity of mobile gaming in India. However, there are also some risks to consider, and investors should conduct their own due diligence before making any investment decisions.
DISCLAMER: We are not SEBI registered. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
