Nazara Technologies, headquartered in Mumbai, India, is a prominent player in the mobile gaming and sports media sectors. Renowned for its diverse range of offerings, Nazara specializes in creating and distributing a wide array of mobile games and interactive experiences. Its portfolio covers various segments, including gaming, esports, educational entertainment, and gamified learning platforms.
Through strategic investments in gaming and sports media enterprises like Nodwin Gaming and Paper Boat Apps, Nazara has established itself as a significant player in both domestic and international markets. Its games enjoy widespread popularity, particularly in emerging regions such as the Middle East, Southeast Asia, and Africa.
Capitalizing on its strong brand identity and expansive distribution channels, Nazara Technologies has forged alliances with both global gaming giants and local developers. This strategic approach has cemented its position as a formidable contender in the competitive gaming industry. Nazara remains dedicated to innovation and user engagement, fueling its ongoing growth and impact in the ever-changing landscape of mobile gaming and digital entertainment.
History of Nazara Technologies
Established in 1999 by Nitish Mittersain, Nazara Technologies initially catered to Indian telecom operators with mobile entertainment services before transitioning to game development in 2009. Expanding its reach globally, the company acquired licenses for EA Mobile’s games and ventured into the Middle East and Africa. In subsequent years, Nazara pursued strategic acquisitions, including Nextwave Multimedia, Nodwin Gaming, and stakes in Absolute Sports and Paper Boat Apps. Going public in 2021 marked a significant milestone, facilitating further expansion through acquisitions such as Datawrkz and WildWorks. Notably, in 2023, Nazara gained majority control of Pro Football Network LLC, reinforcing its position in the sports media domain. Additionally, as a principal member of the All India Gaming Federation (AIGF), Nazara plays a pivotal role in shaping the gaming landscape in India.
Nazara Technologies’ Q4 FY24 Results: Summary and Key Points
- Q4 net profit: ₹0.18 crore, a sharp decline from ₹9.4 crore year-on-year, attributed to a loss of ₹16.87 crore from discontinued operations.
- Q4 revenue: Experienced an 8% decline to ₹266.2 crore.
- Full-year FY24: Net profit increased by 21.8% to ₹74.75 crore, with revenue growing by 4.3% to ₹1,138.3 crore.
- Segment performances: Esports revenue up 6% to ₹148.2 crore, while Gaming revenue down 17% to ₹91.1 crore with a loss of ₹18.45 crore. Revenue from Real-Money Gaming decreased to ₹4.8 crore due to the impact of 28% GST.
- Adtech business: Witnessed a significant decline in revenue, down 29.5% to ₹27.5 crore for Q4, and FY24 revenue dropped to ₹103.8 crore.
- Geographical distribution: India accounted for 45% of FY24 revenues, North America contributed 39%, and the rest of the world contributed 16%.
- Future outlook: The company anticipates robust revenue growth in FY25 with the introduction of new features and gaming formats, along with a focus on higher-margin clients and strategic mergers and acquisitions.
Popular Games by Nazara Technologies
- World Cricket Championship (WCC): A cricket simulation game offering immersive gameplay and realistic graphics, developed by Nextwave Multimedia.
- CarromClash: A digital version of the traditional board game carrom, featuring multiplayer modes and engaging gameplay.
- Kiddopia: A gamified early learning app designed for kids, offering a variety of educational games and activities to enhance learning.
- Chhota Bheem Jungle Run: Based on the popular Indian animated series Chhota Bheem, this game offers exciting adventures in the jungle.
- Motu Patlu Game: Inspired by the Indian animated sitcom Motu Patlu, this game features the iconic characters in various adventures.
- Ludo King: A classic board game adapted into a digital format, offering multiplayer gameplay and online features.
- Sportskeeda Cricket Quiz: A cricket quiz game offering trivia questions and challenges for cricket enthusiasts.
How to Purchase Nazara Technologies Shares in India?
Below are the trading platforms that you can use to purchase Nazara Technologies shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Nazara Technologies Share Price Target 2024, 2025 to 2030
Nazara Technologies Share Price Target 2024
| When | Maximum Price | Minimum Price |
| June 2024 | 631.00 | 548.70 |
| July 2024 | 624.69 | 543.21 |
| August 2024 | 649.68 | 564.94 |
| September 2024 | 675.67 | 587.54 |
| October 2024 | 662.42 | 576.02 |
| November 2024 | 688.92 | 599.06 |
| December 2024 | 695.81 | 605.05 |
In June 2024, Nazara Technologies is expected to reach a maximum price of ₹631.00 and a minimum price of ₹548.70. Moving forward to July, the prices may range between ₹624.69 and ₹543.21. August could witness a rise to ₹649.68 and ₹564.94. September might see prices around ₹675.67 and ₹587.54. October could see a range of ₹662.42 to ₹576.02. November may experience an increase to ₹688.92 and ₹599.06. Finally, December could mark a peak at ₹695.81 and ₹605.05.
Nazara Technologies Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 702.76 | 540.59 |
| February 2025 | 709.86 | 546.05 |
| March 2025 | 724.77 | 557.52 |
| April 2025 | 717.59 | 552.00 |
| May 2025 | 696.69 | 535.92 |
| June 2025 | 728.04 | 560.03 |
| July 2025 | 713.77 | 549.05 |
| August 2025 | 735.84 | 566.03 |
| September 2025 | 744.67 | 572.83 |
| October 2025 | 764.04 | 587.72 |
| November 2025 | 783.14 | 602.41 |
| December 2025 | 818.38 | 629.52 |
- Maximum Price: ₹818.38 (December)
- Minimum Price: ₹535.92 (May)
Nazara Technologies Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 842.93 | 648.41 |
| February 2026 | 821.86 | 632.20 |
| March 2026 | 838.29 | 644.84 |
| April 2026 | 855.40 | 658.00 |
| May 2026 | 846.93 | 651.49 |
| June 2026 | 868.11 | 667.77 |
| July 2026 | 851.08 | 654.68 |
| August 2026 | 877.41 | 674.93 |
| September 2026 | 894.95 | 688.43 |
| October 2026 | 918.22 | 706.33 |
| November 2026 | 941.18 | 723.98 |
| December 2026 | 964.71 | 742.08 |
Nazara Technologies Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 974.36 | 749.50 |
| February 2027 | 999.34 | 768.72 |
| March 2027 | 1,038.31 | 798.70 |
| April 2027 | 1,017.95 | 783.04 |
| May 2027 | 988.30 | 760.23 |
| June 2027 | 1,032.78 | 794.45 |
| July 2027 | 1,012.53 | 778.87 |
| August 2027 | 1,043.84 | 802.96 |
| September 2027 | 1,080.38 | 831.06 |
| October 2027 | 1,108.47 | 852.67 |
| November 2027 | 1,136.18 | 873.98 |
| December 2027 | 1,164.58 | 895.83 |
Nazara Technologies Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,187.88 | 913.75 |
| February 2028 | 1,218.33 | 937.18 |
| March 2028 | 1,265.85 | 973.73 |
| April 2028 | 1,241.03 | 954.64 |
| May 2028 | 1,204.88 | 926.83 |
| June 2028 | 1,259.10 | 968.54 |
| July 2028 | 1,234.41 | 949.55 |
| August 2028 | 1,272.59 | 978.92 |
| September 2028 | 1,317.13 | 1,013.18 |
| October 2028 | 1,351.38 | 1,039.52 |
| November 2028 | 1,385.16 | 1,065.51 |
| December 2028 | 1,419.79 | 1,092.15 |
Nazara Technologies Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,448.19 | 1,113.99 |
| February 2029 | 1,485.32 | 1,142.55 |
| March 2029 | 1,543.25 | 1,187.11 |
| April 2029 | 1,512.99 | 1,163.84 |
| May 2029 | 1,468.92 | 1,129.94 |
| June 2029 | 1,535.02 | 1,180.79 |
| July 2029 | 1,504.92 | 1,157.63 |
| August 2029 | 1,551.47 | 1,193.44 |
| September 2029 | 1,605.77 | 1,235.21 |
| October 2029 | 1,647.52 | 1,267.32 |
| November 2029 | 1,688.71 | 1,299.00 |
| December 2029 | 1,730.92 | 1,331.48 |
Nazara Technologies Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,765.54 | 1,358.11 |
| February 2030 | 1,810.81 | 1,392.93 |
| March 2030 | 1,881.43 | 1,447.26 |
| April 2030 | 1,844.54 | 1,418.88 |
| May 2030 | 1,790.82 | 1,377.55 |
| June 2030 | 1,871.41 | 1,439.54 |
| July 2030 | 1,834.71 | 1,411.32 |
| August 2030 | 1,891.45 | 1,454.97 |
| September 2030 | 1,957.66 | 1,505.89 |
| October 2030 | 2,008.55 | 1,545.04 |
| November 2030 | 2,058.77 | 1,583.67 |
| December 2030 | 2,110.24 | 1,623.26 |
- Maximum Price: ₹2,110.24 (December 2030)
- Minimum Price: ₹1,358.11 (January 2030)
Financial Condition of Nazara Technologies: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 248 | 454 | 622 | 1,091 | 1,138 |
| Expenses + | 255 | 415 | 536 | 989 | 1,041 |
| Operating Profit | -7 | 39 | 86 | 102 | 98 |
| OPM % | -3% | 9% | 14% | 9% | 9% |
| Other Income + | 15 | 14 | 24 | 47 | 65 |
| Interest | 1 | 1 | 1 | 6 | 7 |
| Depreciation | 26 | 36 | 39 | 57 | 67 |
| Profit before tax | -20 | 17 | 70 | 87 | 89 |
| Tax % | -37% | 18% | 27% | 29% | 16% |
| Net Profit + | -27 | 14 | 51 | 61 | 75 |
| EPS in Rs | -0.38 | 1.51 | 4.36 | 5.95 | 7.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Nazara Technologies has demonstrated remarkable financial performance over the past five years, characterized by significant growth in sales, operational activities, and profitability metrics. Sales have steadily increased from 248 in March 2020 to 1,138 in March 2024, reflecting the company’s expanding market presence. Similarly, expenses have risen, indicating the company’s commitment to expansion and operational efficiency. Despite fluctuations, operating profit has generally trended upwards, reaching 98 in March 2024 from -7 in March 2020. Additionally, other income sources have grown from 15 to 65 over the same period. Interest and depreciation expenses have increased steadily, reflecting the company’s investment in assets. Profit before tax has shown a positive trend, increasing from -20 to 89, while the tax percentage has fluctuated moderately. Net profit and EPS have consistently grown, with EPS reaching 7.39 in March 2024 from -0.38 in March 2020. Despite this financial success, the company has not distributed any dividends during this period, indicating a possible reinvestment strategy or other financial priorities.
FAQS
What is the current share price of Nazara Technologies?
As of May 25th, 2024, the share price of Nazara Technologies is around INR ₹614.
What is Nazara Technologies share price target for 2025?
According to our analysis, Nazara Technologies is expected to trade within the range of ₹535.92 to ₹818.38 in 2025.
What is Nazara Technologies share price target for 2030?
Based on our assessment, Nazara Technologies is projected to aim for a share price range of approximately ₹1,358.11 to ₹2,110.24 by 2030.
What is the company’s current price-to-earnings (P/E) ratio?
Nazara Technologies current stock price-to-earnings (P/E) ratio is 69.5.
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Conclusion
Despite a dip in Q4 net profit to ₹0.18 crore from ₹9.4 crore year-on-year, and a 8% decline in Q4 revenue to ₹266.2 crore, Nazara Technologies remains resilient and adaptive in the competitive gaming industry. Its diverse portfolio and strategic investments reflect a commitment to innovation and growth. Notable segment performances include Esports revenue up 6% to ₹148.2 crore, and Gaming revenue down 17% to ₹91.1 crore with a loss of ₹18.45 crore. Despite challenges in Q4, FY24 showcased strength, especially in segments like esports and gaming. With a focus on optimization and shareholder value, Nazara is poised for sustained growth. Looking ahead, the company’s dedication to innovation and partnerships positions it well for future success in the dynamic digital entertainment landscape.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Nazara Technologies. This post on Nazara Technologies share price target from 2024 to 2030 is for educational purposes only.
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