Regulatory Hurdles And Global Competition Will Test Gaming Expansion
Despite a modest increase in revenue growth forecasts, a slight decline in net profit margin has contributed to a sharp reduction in Nazara Technologies' fair value estimate, with the consensus price target falling from ₹1252 to ₹307.27.
What's in the News
- Nazara Technologies is implementing a 4:1 stock split.
- The company is launching the acclaimed PC title Bodycam as a Fortnite island, leveraging Unreal Engine 5.3 via UEFN, marking its entry into platform convergence and next-gen global game IP.
- Shareholders approved the de-subsidiarisation of Nodwin Gaming Private Limited and the relinquishment of controlling rights.
- Plutus Wealth Management LLP and Axana Estates LLP completed a tender offer and acquired an additional stake in Nazara, with CCI approval.
- The Board proposed increasing the authorised share capital from INR 500 million to INR 800 million, pending shareholder approval.
Valuation Changes
Summary of Valuation Changes for Nazara Technologies
- The Consensus Analyst Price Target has significantly fallen from ₹1252 to ₹307.27.
- The Consensus Revenue Growth forecasts for Nazara Technologies has risen from 17.3% per annum to 18.6% per annum.
- The Net Profit Margin for Nazara Technologies has fallen slightly from 9.99% to 9.66%.
Disclaimer
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