Key Growth Metrics for Nazara Technologies
The ICC World Cup 2023, scheduled between October 5th and November 19th, is not just a sporting spectacle but a possible game-changer for companies connected with broadcasting and online gaming. One such company is Nazara Technologies, a leader in online gaming with a strong portfolio of IPs.
Stock Performance and Past Returns
In the last six months, Nazara Technologies has yielded more than 66% returns, while its year-to-date returns stand at over 35%. The stock hit an all-time high of 1,561 INR in October 2021. Currently, it’s trading at nearly 45% below its peak, indicating a possible opportunity for investors.
Diverse Portfolio of Offerings
Nazara owns popular IPs including Kidopia, Animal Jam, and the World Cricket Championship. The company provides interactive gaming, e-sports, edtech, and gamified early learning solutions primarily in India, Africa, and North America. E-sports, in particular, has surpassed major traditional sports leagues in terms of viewership.
Anticipated Boom in the Online Gaming Industry
With the proliferation of smartphones and data access, India is at the cusp of a gaming megatrend. Experts believe that the biggest opportunity lies in the online gaming sector. Nazara Technologies stands out as the only listed player in this rapidly growing market. According to the Federation of Indian Fantasy Sports, the market size for online gaming is expected to surge from ₹346 billion in the financial year 2011 to an estimated ₹1.65 trillion by 2025.
Financial Health and Future Plans
Nazara recently posted its Q1 results showing a year-over-year growth of 14% in net sales and a 31% increase in net profits. The company plans to raise a total fund of ₹7.5 billion in the coming months.
Awaiting Cricket World Cup 2023
All eyes are now on the ICC World Cup 2023 to see what offerings Nazara will bring to the table. Market experts are eagerly waiting for the weeks leading up to the World Cup to measure the impact on the company’s stock.
| Parameter | Detail |
|---|---|
| Stock Peak Price | 1,561 INR (Oct 2021) |
| Current Stock Price | 45% below peak |
| 52-week High/Low | 929.05 INR/ 480.35 INR |
| YTD Returns | 35%+ |
| 6-month Returns | 66%+ |
| Q1 YoY Growth in Sales | 14% |
| Q1 YoY Growth in Profits | 31% |
| Future Fundraising | ₹7.5 billion |
| Market Size by 2025 | Estimated ₹1.65 trillion |
