Nazara Technologies Share Price Target 2024, 2025 to 2030

Nazara Technologies is a leading mobile game developer and sports media company based in Mumbai, India. Known for its diversified portfolio, Nazara focuses on developing and publishing a wide range of mobile games and interactive content. Its offerings span gaming, e-sports, edutainment, and gamified early learning ecosystems.

The company has made strategic investments in various gaming and sports media ventures, including Nodwin Gaming, a key player in the esports sector, and Paper Boat Apps, a children’s educational content provider. Nazara’s games are popular both domestically and internationally, with a significant presence in emerging markets such as the Middle East, Southeast Asia, and Africa.

Leveraging its strong brand and extensive distribution network, Nazara Technologies has formed partnerships with global gaming giants and local developers. This strategic approach has solidified its position in the competitive gaming landscape. Nazara’s commitment to innovation and user engagement continues to drive its growth and influence in the rapidly evolving world of mobile gaming and digital entertainment.

History of Nazara Technologies

Nazara Technologies, founded by Nitish Mittersain in 1999, initially provided mobile entertainment VAS for Indian telecom operators and shifted to developing mobile games in 2009. Expanding into the Middle East and Africa, Nazara became a licensed distributor of EA Mobile’s games.

In 2015, Nazara obtained the license to create mobile games based on Chhota Bheem and partnered with Amar Chitra Katha in 2016 to develop games featuring Tinkle characters. Major acquisitions began in 2018 with stakes in Nextwave Multimedia and Nodwin Gaming.

In 2019, Nazara acquired a 67% stake in Absolute Sports (Sportskeeda) and a 51% stake in Paper Boat Apps (Kiddopia). After going public in March 2021, Nazara acquired OpenPlay for ₹186 crore.

In 2022, Nazara purchased a 55% stake in Datawrkz and acquired US-based WildWorks for $10.4 million. In 2023, Nazara bought a 73.27% stake in Pro Football Network LLC through Sportskeeda for ₹16 crore (US$1.82 million). Nazara is also a principal member of the All India Gaming Federation (AIGF).

Popular Games by Nazara Technologies

1. World Cricket Championship (WCC): A cricket simulation game offering immersive gameplay and realistic graphics, developed by Nextwave Multimedia.
2. CarromClash: A digital version of the traditional board game carrom, featuring multiplayer modes and engaging gameplay.
3. Kiddopia: A gamified early learning app designed for kids, offering a variety of educational games and activities to enhance learning.
4. Chhota Bheem Jungle Run: Based on the popular Indian animated series Chhota Bheem, this game offers exciting adventures in the jungle.
5. Motu Patlu Game: Inspired by the Indian animated sitcom Motu Patlu, this game features the iconic characters in various adventures.
6. Ludo King: A classic board game adapted into a digital format, offering multiplayer gameplay and online features.
7. Sportskeeda Cricket Quiz: A cricket quiz game offering trivia questions and challenges for cricket enthusiasts.

Nazara Technologies’ Q4 Profit Plummets to ₹0.18 Crore Amidst Revenue Decline and Strategic Restructuring

• Q4 net profit plummeted to ₹0.18 crore 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 saw a 21.8% increase in net profit to ₹74.75 crore, with revenue growing by 4.3% to ₹1,138.3 crore.
• 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.
• 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.
• Geographically, India accounted for 45% of FY24 revenues, while North America contributed 39%, and the rest of the world contributed 16%.
• 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.

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

Nazara Technologies’ stock prices are expected to fluctuate between July and December 2024. Starting around ₹962.10 to ₹836.61 in July, the range extends to ₹1,071.63 and ₹931.85 by December.

Nazara Technologies Share Price Prediction 2025

Nazara Technologies’ stock prices are projected to vary significantly throughout 2025. Starting in January with a range between ₹1,082.34 and ₹832.57, the prices are anticipated to fluctuate, reaching highs of ₹1,260.40 and lows of ₹969.54 by December.

Nazara Technologies Share Price Target 2026

Nazara Technologies Share Price Target 2027

Nazara Technologies Share Price Target 2028

Nazara Technologies Share Price Target 2029

Nazara Technologies Share Price Prediction 2030

As we step into 2030, Nazara Technologies’ stock prices are expected to witness notable fluctuations throughout the year. Starting in January with anticipated prices ranging between ₹2,719.15 and ₹2,091.65, the year progresses with highs reaching ₹3,250.02 and lows at ₹2,500.02 by December. These projections reflect ongoing market dynamics and investor sentiments influencing Nazara Technologies’ stock performance over the course of the year.

Financial Condition of Nazara Technologies: Last 5 Years

• Sales: Nazara Technologies has experienced steady growth in sales over the past five years, increasing from 248 in March 2020 to 1,138 in March 2024.
• Expenses: Similarly, expenses have also been on the rise, indicating the company’s expansion and operational activities. Expenses increased from 255 in March 2020 to 1,041 in March 2024.
• Operating Profit: The operating profit fluctuated over the years but generally trended upwards. It rose from -7 in March 2020 to 98 in March 2024.
• Other Income: Nazara Technologies has seen growth in other income sources, increasing from 15 in March 2020 to 65 in March 2024.
• Interest and Depreciation: Both interest and depreciation expenses have increased steadily, reflecting the company’s investment in assets and potential debt obligations.
• Profit Before Tax: The profit before tax has shown a positive trend, increasing from -20 in March 2020 to 89 in March 2024.
• Tax Percentage: The tax percentage has fluctuated but generally remained moderate, ranging from -37% to 29% over the years.
• Net Profit and EPS: Nazara Technologies has reported consistent growth in net profit, with EPS increasing from -0.38 in March 2020 to 7.39 in March 2024.
• Dividend Payout: The company has not distributed any dividends during this period, possibly indicating a reinvestment strategy or other financial priorities.

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