NAZARA TECHNOLOGIES LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 701.8 INR | -0.44% |
|
+14.24% | -18.07% |
| May. 28 | Jefferies Adjusts Nazara Technologies’ Price Target to INR650 From INR810, Keeps at Hold | MT |
| May. 27 | Transcript : Nazara Technologies Limited, Q4 2024 Earnings Call, May 27, 2024 |
Valuation
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 53,443 | 34,176 | 53,721 | - | - |
| Enterprise Value (EV) 1 | 51,405 | 33,137 | 51,394 | 43,398 | 41,379 |
| P/E ratio | 180 x | 82.4 x | 82.3 x | 47.3 x | 37.6 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | 8.6 x | 3.13 x | 4.52 x | 4.09 x | 3.37 x |
| EV / Revenue | 8.27 x | 3.04 x | 4.52 x | 3.3 x | 2.6 x |
| EV / EBITDA | 54.3 x | 28 x | 40.8 x | 24 x | 17.9 x |
| EV / FCF | 103 x | -24.8 x | 38.9 x | -241 x | 39 x |
| FCF Yield | 0.97% | -4.04% | 2.57% | -0.41% | 2.56% |
| Price to Book | 5.11 x | 3.09 x | 2.93 x | 2.54 x | 2.42 x |
| Nbr of stocks (in thousands) | 65,242 | 66,174 | 76,542 | - | - |
| Reference price 2 | 819.2 | 516.4 | 701.8 | 701.8 | 701.8 |
| Announcement Date | 5/13/22 | 5/9/23 | 5/24/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 6,217 | 10,910 | 11,383 | 13,136 | 15,927 |
| EBITDA 1 | - | 946 | 1,183 | 1,259 | 1,807 | 2,314 |
| EBIT 1 | - | 556 | 612 | 589.1 | 1,169 | 1,562 |
| Operating Margin | - | 8.94% | 5.61% | 5.18% | 8.9% | 9.81% |
| Earnings before Tax (EBT) 1 | - | 507 | 888 | 1,034 | 1,957 | 2,401 |
| Net income 1 | 92.38 | 284 | 394 | 565.8 | 1,075 | 1,330 |
| Net margin | - | 4.57% | 3.61% | 4.97% | 8.18% | 8.35% |
| EPS 2 | - | 4.545 | 6.270 | 8.160 | 14.85 | 18.65 |
| Free Cash Flow 1 | - | 498 | -1,338 | 1,121 | -180 | 1,060 |
| FCF margin | - | 8.01% | -12.26% | 9.57% | -1.37% | 6.66% |
| FCF Conversion (EBITDA) | - | 52.64% | - | 80.59% | - | 45.8% |
| FCF Conversion (Net income) | - | 175.35% | - | 131.51% | - | 79.68% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 5/28/21 | 5/13/22 | 5/9/23 | 5/24/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,312 | 1,296 | 1,858 | 1,751 | 2,231 | 2,638 | 3,148 | 2,893 | 2,544 | 3,129 | 3,437 | 2,873 | 2,746 |
| EBITDA 1 | 301 | 195 | 303 | 149 | 301 | 213 | 306 | 282 | 330.2 | 316.7 | 379.8 | 291.6 | 384 |
| EBIT 1 | 169 | 99 | 168 | 36 | 165 | 110 | 180 | 122 | 178.1 | - | 232 | 104 | 210.5 |
| Operating Margin | 12.88% | 7.64% | 9.04% | 2.06% | 7.4% | 4.17% | 5.72% | 4.22% | 7% | - | 6.75% | 3.62% | 7.67% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | 236 | - |
| Net income 1 | 53 | 101 | 85 | 22 | 115 | 102 | 181 | 26 | 195 | 117 | 241 | 154.7 | 281 |
| Net margin | 4.04% | 7.79% | 4.57% | 1.26% | 5.15% | 3.87% | 5.75% | 0.9% | 7.66% | 3.74% | 7.01% | 5.38% | 10.23% |
| EPS 2 | 0.8650 | 1.655 | 1.355 | 0.3350 | 1.750 | 1.550 | 2.750 | - | 2.950 | - | - | 2.050 | 3.700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/30/21 | 10/29/21 | 2/11/22 | 5/13/22 | 7/29/22 | 10/20/22 | 1/25/23 | 5/9/23 | 7/28/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,038 | 1,039 | 10,084 | 10,323 | 12,342 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 498 | -1,338 | 1,121 | -180 | 1,060 |
| ROE (net income / shareholders' equity) | - | 3.34% | 4.24% | 5.61% | 5.14% | 6.01% |
| ROA (Net income/ Total Assets) | - | 2.85% | 2.93% | 3.97% | 4.2% | 5.45% |
| Assets 1 | - | 9,951 | 13,460 | 21,482 | 25,587 | 24,409 |
| Book Value Per Share 2 | - | 160.0 | 167.0 | 240.0 | 276.0 | 290.0 |
| Cash Flow per Share 2 | - | 9.550 | 1.290 | 19.50 | 2.300 | 29.70 |
| Capex 1 | - | 123 | 82 | 477 | 528 | 544 |
| Capex / Sales | - | 1.98% | 0.75% | 4.07% | 4.02% | 3.41% |
| Announcement Date | 5/28/21 | 5/13/22 | 5/9/23 | 5/24/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
701.8
INR
Average target price
775.1
INR
Spread / Average Target
+10.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -18.07% | 644M | |
| +15.95% | 22.18B | |
| -4.41% | 2.29B | |
| +100.79% | 2.12B | |
| -22.47% | 1.86B | |
| -45.27% | 1.71B | |
| +2.84% | 1.3B | |
| -17.41% | 1.26B | |
| -2.45% | 1.24B | |
| +5.34% | 1.08B |
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- Financials Nazara Technologies Limited
