Aakash Group Presentation

Presenter : Pradeep Kr. Garg

Disclaimer: This presentation is only for educational purpose. It is not an investment advice.
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Nazara Technologies Limited- CNBC You Tube

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Gaming Industry challenges & Opportunities in 2024
Nazara Technologies Limited- Gaming Sector Outlook

Factors to consider before investing

❖ Industry Trends: It is imperative that you keep a check on the
current industry trends. By doing so, you will be able to make
informed and smart decisions that are in alignment with the
changing consumer preferences and regulatory development. This
can help investors identify potential growth opportunities and risks
in the gaming industry.
❖ Financial Performance: Assessing the financial performance
and stability of the gaming company is a crucial aspect when it
comes to choosing a stock. This may include evaluating the
company’s revenue growth, profit margins, and cash flow. This can
help investors identify financially stable companies with strong
growth potential.
❖ Valuation: The valuation of a gaming company can be a critical
factor in determining whether it is a good investment opportunity.
Investors should evaluate a company's current valuation and assess
whether it is justified based on its financial performance and growth
potential.
❖ Competition: The Indian gaming industry is highly
competitive, and to make a mark for yourself, you need to stay ahead
of the competition. Investors should evaluate a company's
competitive position and assess how it compares to its peers in terms
of product offerings, customer base, and pricing.
 Nazara Technologies Limited- Gaming Sector Outlook

• How the government is pushing the Indian gaming Top Gaming Stocks in India in 2023
industry Nazara Technologies
The Indian government is planning to set up a National Animation, Nazara Technologies is an India based leading gaming and sports media
Visual Effects, Gaming and Comic Centre (AVGC) of platform. It is one of the gaming company stocks in India that provides
Excellence in collaboration with IIT Bombay. interactive and immersive gaming services across different platforms such as
• What is the future of the Gaming Industry in India eSports, interactive gaming, and gamified learning ecosystems
India is now among the top markets for gamers and India is expected Zensar Technologies Limited
to become a more than 10 billion dollar industry in the next decade. Zensar Technologies is a Mumbai based leading digital and technology-based
India’s richest person recently said “It is very hard to imagine but
company with its headquarters in Pune and its business spread across 18
gaming will be bigger than music, movies, and TV shows put together.
countries. Zensar is focused on assisting gaming companies to optimize the
India’s Internet story is inspiring and penetration of the Internet to
benefits of speed and efficiency for which it has created a specialized Game
even the remotest parts of the country is a herculean task that speaks
Testing Centre of Excellence
volumes about the Indian growth story. As a result, India's gaming
sector is also on the rise. It is expected that growth in the digital Delta Corporation
market will surpass 900 million Internet subscribers by 2025. Delta Corporation previously known as Arrow Webtex Limited is the largest
Amidst all this Indian gaming industry is turning out to be one of the gaming company in India which operates in the online skill gaming, gaming,
biggest booming industries in India. Indian gaming industry is a 1.8 and hospitality segment. It is the gaming brand in India that is listed in the
billion dollars gaming industry growing at 38% CAGR during the year Casino gaming space with more than 2000 live gaming positions. Its business
2017-20 whereas the global video game market size was valued at is spread across three major segments. 1,Casinos 2. Online gaming 3.
184.4 billion dollars in 2022 and in terms of app downloads, India is Hospitality
the largest mobile gaming market in the world. On Mobile Global Limited
Recently Goods and Services Tax Council (GST Council), the On Mobile Global Limited is one of the upcoming gaming stocks in India
GST rate for online gaming, casinos, and horse racing will providing value added services such as Ring back tones, Digital Content Store
be 28 percent and it is likely to come into effect from October 1. and end-to-end mobile entertainment solutions including apps, content
Through this move, the sector will be made more transparent and partnerships, and professional services. They are present in about 56 countries
accountable, while real money and non-money games will be taxed with a user base of 84 million
 Nazara Technologies Limited-eSports Industry in India

Esports, or electronic sports, are competitive video game tournaments

organized through online gaming platforms. These games can be played by
amateurs and professional gamers for leisure or professional
championships on personal computers (PC), consoles, mobiles and tablets.
The games are commonly available in multiplayer online battle arena
(MOBA), player vs player (PvP), first-person shooters (FPS) and real-time
strategy (RTS) formats. Esports are majorly played by gamers sponsored
by organizations for advertisements, tickets, merchandise and media
rights. The tournament is managed through various software that are also
used for scheduling and promoting events, managing user registration, run
branding campaigns and facilitate prize pools. The audiences can also
watch the players compete and interact through a human-computer
interface.

There are no dedicated esports companies listed on any Indian stock

exchange. While esports is a booming industry in India, it's primarily
driven by private companies and organizations  NODWIN Gaming: One of the most prominent esports organizers in India, hosting
major tournaments like ESL India Premiership and DreamHack Delhi. PUBG Mobile,
 Young Industry: The esports industry in India is still relatively young, with Dota 2, CS:GO, and Valorant. They also operate the NODWIN Gaming Esports
its rapid growth happening in recent years. This means many companies are Championship Series (NES) and are known for their professional execution and large
still in their early stages and haven't reached the scale or maturity necessary prize pools.
for public listing.  JetSynthesys: Another leading esports organizer, known for its Skyesports
 Regulatory Uncertainty: The online gaming market in India, including Championship Series and its joint venture 100MB with cricket legend Sachin
esports, is currently under regulatory scrutiny. This uncertainty makes it less Tendulkar.
attractive for esports companies to go public, as investors may be hesitant  Gamerji: A popular esports platform featuring daily tournaments across various
due to the lack of clear regulations. games and offering cash prizes.
 Focus on Private Investment: Many esports companies in India are currently  High Ground Esports: An organization focused on grassroots esports development,
funded through venture capital and angel investors. This provides them with running leagues and tournaments for casual and aspiring players.
the flexibility and agility needed to grow quickly without the pressure of
public market scrutiny.  LXL (League of Extraordinary Gamers): A rapidly growing esports organization
with a focus on mobile gaming and influencer management.
 Nazara Technologies Limited-Introduction

• Founded in 2000, Mumbai-headquartered Nazara Technologies is the creator and publisher of mobile games. It also has offices in Dubai, London,
Africa, and Singapore where its games are available. It debuted on the stock market in 2021, thus becoming the first Indian gaming company to be
listed on the Indian bourses.

• While the company started with mobile gaming, Nazarahas since then expanded into other categories of game development, such as gaming news, real-
money games, children’s games, and casual games, by means of acquisitions and organic growth.

• Nazara’s buys include publishing rights from Israeli gaming firm Snax Games in August this year for Rs 4.15 crore and Pro Football Network, a digital
platform that tracks the National Football League in the United States, for $1.82 million in March.

• With its acquisition of Nodwin Gaming in 2018, the company boasts of a presence in esports as well.

• In May, the company increased its majority stake in Chennai-based games maker Nextwave Multimedia from 52.38% to 71.88%. Nextwave makes
cricket simulation games for mobile phones and holds intellectual property for the world cricket championship series—this marks Nazara's debut in
the cricketing world.

• The gaming company's latest sprint in game development is Nazara Publishing in a bid to transform into a complete gaming platform

• Tackling the Indian market

• The Indian gaming market, which is currently valued at $3.1 billion, is expected to hit the $7.5-billion valuation mark by FY28, says Lumikai’s State of India Gaming FY23
report.

• There were about 568 million gamers in India in FY23, marking a 12% growth from 507 million in FY22, according to Lumikai.

• Despite the robust growth in the gaming market, Mittersain admits that India is not an easy market to crack.

• "If the game is priced well, adopted well, then monetisation should happen," he says. "Indian consumers are relatively open to seeing ads in games which can create
incremental monetisation; so, with the right product, the customer acquisition cost (CAC) to lifetime value (LTV) ratio problem should be solved.”

• The LTV to CAC ratio measures the lifetime value of a user against the cost it took to acquire that user to the platform.

• In recent times, gaming firms have been reworking their strategies in India due to rising CAC and new GST norms. Some companies are moving to other geographies,
including Brazil, to counter these challenges.

• “There's a lot of grind work to be done in India. A lot of data-driven analytical work has to be done. But if that hard work is put in, then there's a large pocket of users
available,” says Mittersain.
 Nazara Technologies Limited-Main Subsidiaries

As on March 31, 2023, the Company has 29 (Twenty-nine) subsidiaries including 12 (Twelve) direct
subsidiaries, 17 (Seventeen) step-down subsidiaries and 02 (Two) associates companies
Nazara Technologies Limited-Management Details
 Nazara Technologies Limited- Peers Comparison Gaming Industry

Debt/Equity
Company M- Cap *1 Share Price*1 ROE*1 ROCE*1 Revenue*2 OPM*2 PAT*2
ratio*1

Nazara Technologies 6,263 Cr 946 0.09 3.56% 7.17% 1,091 Cr 102 Cr 61 Cr

Debt/Equity
Company M- Cap *1 Share Price*1 ROE*1 ROCE*1 Revenue*2 OPM*2 PAT*2
ratio*1

Zensar Technologies
12,906 Cr 570 0.07 11.2% 14.5% 4,848 Cr 552 Cr 328 Cr
Limited

Debt/Equity
Company M- Cap *1 Share Price*1 ROE*1 ROCE*1 Revenue*2 OPM*2 PAT*2
ratio*1

Delta Corporation
4,074 Cr 152 0.03 12.40% 16.3% 1,021 Cr 366 Cr 262 Cr
Limited

Debt/Equity
Company M- Cap *1 Share Price*1 ROE*1 ROCE*1 Revenue*2 OPM*2 PAT*2
ratio*1

On Mobile Global
1,257 Cr 118 0.02 1.20% 1.94% 525 Cr 13 Cr 7 Cr
Limited

1. As on 12th January ‘24 2. As per FY23 Financials (Cons.)

Nazara Technologies Limited- Ecosystem
Nazara Technologies Limited- Track Record
Nazara Technologies Limited- Geographical Spread
Nazara Technologies Limited- Income Statement
Nazara Technologies Limited- Balance Sheet
Nazara Technologies Limited- DuPont Analysis
Nazara Technologies Limited- Q2FY24 Results
Nazara Technologies Limited- Q2FY24 Results
Nazara Technologies Limited- Q2FY24 Results
Nazara Technologies Limited- H1FY24 Gaming Vertical Results
Nazara Technologies Limited-H1FY24 eSports Vertical Results
Nazara Technologies Limited-H1FY24 eSports Vertical Results
Nazara Technologies Limited-H1FY24 Adtech Vertical Results
Nazara Technologies Limited- Growth Strategy
Nazara Technologies Limited- News
Nazara Technologies Limited-M&A Strategy
Nazara Technologies Limited- Estimates Vs Actuals
Nazara Technologies Limited- Estimates Vs Actuals
Nazara Technologies Limited-Share Holding Pattern
Nazara Technologies Limited- Share Holding Data
Nazara Technologies Limited- Risks
Nazara Technologies Limited- Risks
Nazara Technologies Limited- Risks
Nazara Technologies Limited- Share price Returns
Nazara Technologies Limited- Share price Returns
Nazara Technologies Limited- ET Interview You Tube

Nazara Prospects and Business Strategies in 2024

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Nazara Technologies Limited- Chart