Nazara Technologies Ltd
NSE:NAZARA

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Nazara Technologies Ltd
NSE:NAZARA
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Price: 272.16 INR 0.22% Market Closed
Market Cap: ₹100.8B

EV/EBITDA

47.6
Current
858%
More Expensive
vs 3-y average of 5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
47.6
=
Enterprise Value
₹91.6B
/
EBITDA
₹2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
47.6
=
Enterprise Value
₹91.6B
/
EBITDA
₹2B

Valuation Scenarios

Nazara Technologies Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (5), the stock would be worth ₹28.41 (90% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-90%
Maximum Upside
No Upside Scenarios
Average Downside
77%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 47.6 ₹272.16
0%
3-Year Average 5 ₹28.41
-90%
5-Year Average 7.4 ₹42.31
-84%
Industry Average 14.2 ₹81.06
-70%
Country Average 17.7 ₹100.97
-63%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹91.6B
/
Jan 2026
₹2B
=
47.6
Current
₹91.6B
/
Mar 2026
₹2.6B
=
35.6
Forward
₹91.6B
/
Mar 2027
₹4.2B
=
21.9
Forward
₹91.6B
/
Mar 2028
₹5.1B
=
18.1
Forward
₹91.6B
/
Mar 2029
₹3.5B
=
25.9
Forward
₹91.6B
/
Mar 2030
₹4.2B
=
21.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Nazara Technologies Ltd
NSE:NAZARA
100.8B INR 47.6 204
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 24.6 34.2
CN
NetEase Inc
NASDAQ:NTES
71.3B USD 8.7 14.4
JP
Nintendo Co Ltd
TSE:7974
9.3T JPY 19.8 23.1
US
Electronic Arts Inc
NASDAQ:EA
50.7B USD 37.5 74.5
SG
Sea Ltd
NYSE:SE
46.7B USD 16.1 29.6
US
Roblox Corp
NYSE:RBLX
39.7B USD -37.8 -37.3
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
39B USD 40.2 -9.8
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
122.9B CNY 19.9 32.6
JP
Konami Holdings Corp
TSE:9766
2.7T JPY 16.4 31.4
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 9.5 22.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Nazara Technologies Ltd
NSE:NAZARA
Average EV/EBITDA: 24
47.6
49%
1
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
CN
NetEase Inc
NASDAQ:NTES
8.7
12%
0.7
JP
Nintendo Co Ltd
TSE:7974
19.8
33%
0.6
US
Electronic Arts Inc
NASDAQ:EA
37.5
20%
1.9
SG
Sea Ltd
NYSE:SE
16.1
38%
0.4
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -37.8 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
40.2
58%
0.7
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
19.9
61%
0.3
JP
Konami Holdings Corp
TSE:9766
16.4
15%
1.1
JP
N
Nexon Co Ltd
TSE:3659
9.5
16%
0.6
P/E Multiple
Earnings Growth PEG
IN
Nazara Technologies Ltd
NSE:NAZARA
Average P/E: 51.9
204
38%
5.4
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
14.4
14%
1
JP
Nintendo Co Ltd
TSE:7974
23.1
26%
0.9
US
Electronic Arts Inc
NASDAQ:EA
74.5
32%
2.3
SG
Sea Ltd
NYSE:SE
29.6
27%
1.1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -37.3 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.8 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
32.6
104%
0.3
JP
Konami Holdings Corp
TSE:9766
31.4
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.8
18%
1.3

Market Distribution

Higher than 86% of companies in India
Percentile
86th
Based on 2 785 companies
86th percentile
47.6
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Nazara Technologies Ltd
Glance View

Nazara Technologies Ltd. operates as a mobile entertainment company. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2021-03-30. The firm offers esports, sports simulation, early learners, skill-based fantasy, and others. Its markets are in Africa and North America, with offerings across interactive gaming, esports, and gamified learning ecosystems. The firm owns a range of intellectual property (IP), including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, NODWIN, and Sportskeeda in esports and esports media, and Halaplay and Qunami in skill-based fantasy, and trivia games. The Company’s distribution pipelines/network with approximately 52 telcos in 58 countries including Africa, the Middle East, and South Asia. The firm's subsidiaries include Absolute Sports Private Limited, Nazara Technologies FZ LLC, Nazara Pte. Limited, Nazara Pro Gaming Private Limited, Next Wave Multimedia Private Limited, and Nodwin Gaming Private Limited.

NAZARA Intrinsic Value
83.25 INR
Overvaluation 69%
Intrinsic Value
Price ₹272.16
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