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Nazara Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nazara Technologies and similar public comparables like mixi, Playtika, Yalla Group, Modern Times Group and more.
Nazara Technologies Overview
About Nazara Technologies
Nazara Technologies Ltd is a mobile game company in India. The company has offerings across the interactive gaming, eSports, ad-tech, and gamified early learning ecosystems including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin, PublishMe and Sportskeeda in eSports and eSports media, OpenPlay, Halaplay and Qunami in skill-based, fantasy and trivia games, and Datawrkz in digital ad tech. The company's segment includes Gaming; eSports; and Ad tech. It generates maximum revenue from the eSports segment. Geographically, it derives a majority of its revenue from the USA.
Founded
1999
HQ
Employees
63
Website
Sectors
Financials (LTM)
EV
$1B
Nazara Technologies Financials
Nazara Technologies reported last 12-month revenue of $208M and EBITDA of $27M.
In the same LTM period, Nazara Technologies generated $141M in gross profit, $27M in EBITDA, and $45M in net income.
Revenue (LTM)
Nazara Technologies P&L
In the most recent fiscal year, Nazara Technologies reported revenue of $191M and EBITDA of $22M.
Nazara Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $208M | XXX | $191M | XXX | XXX | XXX |
| Gross Profit | $141M | XXX | $117M | XXX | XXX | XXX |
| Gross Margin | 68% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $27M | XXX | $22M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $45M | XXX | $10M | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 5% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nazara Technologies Stock Performance
Nazara Technologies has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Nazara Technologies' stock price is $2.90.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.3% | XXX | XXX | XXX | $0.03 |
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Start Free TrialNazara Technologies Valuation Multiples
Nazara Technologies trades at 4.9x EV/Revenue multiple, and 37.4x EV/EBITDA.
EV / Revenue (LTM)
Nazara Technologies Financial Valuation Multiples
As of March 18, 2026, Nazara Technologies has market cap of $1B and EV of $1B.
Equity research analysts estimate Nazara Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nazara Technologies has a P/E ratio of 24.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBITDA | 37.4x | XXX | 45.5x | XXX | XXX | XXX |
| EV/EBIT | 70.3x | XXX | 252.7x | XXX | XXX | XXX |
| EV/Gross Profit | 7.2x | XXX | 8.7x | XXX | XXX | XXX |
| P/E | 24.0x | XXX | 104.1x | XXX | XXX | XXX |
| EV/FCF | 74.4x | XXX | (113.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nazara Technologies Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Nazara Technologies Margins & Growth Rates
Nazara Technologies' revenue in the last 12 month grew by 5%.
Nazara Technologies' revenue per employee in the last FY averaged $3.3M.
Nazara Technologies' rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nazara Technologies' rule of X is 26% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Nazara Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 34% | XXX | 23% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 37% | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 59% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nazara Technologies Public Comps
See public comps and valuation multiples for other Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| mixi | XXX | XXX | XXX | XXX | XXX | XXX |
| Playtika | XXX | XXX | XXX | XXX | XXX | XXX |
| Yalla Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Modern Times Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Hubei Century Network | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nazara Technologies M&A Activity
Nazara Technologies acquired XXX companies to date.
Last acquisition by Nazara Technologies was on XXXXXXXX, XXXXX. Nazara Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nazara Technologies
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNazara Technologies Investment Activity
Nazara Technologies invested in XXX companies to date.
Nazara Technologies made its latest investment on XXXXXXXX, XXXXX. Nazara Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nazara Technologies
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Nazara Technologies
| When was Nazara Technologies founded? | Nazara Technologies was founded in 1999. |
| Where is Nazara Technologies headquartered? | Nazara Technologies is headquartered in India. |
| How many employees does Nazara Technologies have? | As of today, Nazara Technologies has over 63 employees. |
| Who is the CEO of Nazara Technologies? | Nazara Technologies' CEO is Nitish Vikash Mittersain. |
| Is Nazara Technologies publicly listed? | Yes, Nazara Technologies is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Nazara Technologies? | Nazara Technologies trades under NAZARA ticker. |
| When did Nazara Technologies go public? | Nazara Technologies went public in 2021. |
| Who are competitors of Nazara Technologies? | Nazara Technologies main competitors are mixi, Playtika, Yalla Group, Modern Times Group. |
| What is the current market cap of Nazara Technologies? | Nazara Technologies' current market cap is $1B. |
| What is the current revenue of Nazara Technologies? | Nazara Technologies' last 12 months revenue is $208M. |
| What is the current revenue growth of Nazara Technologies? | Nazara Technologies revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Nazara Technologies? | Current revenue multiple of Nazara Technologies is 4.9x. |
| Is Nazara Technologies profitable? | Yes, Nazara Technologies is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nazara Technologies? | Nazara Technologies' last 12 months EBITDA is $27M. |
| What is Nazara Technologies' EBITDA margin? | Nazara Technologies' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Nazara Technologies? | Current EBITDA multiple of Nazara Technologies is 37.4x. |
| What is the current FCF of Nazara Technologies? | Nazara Technologies' last 12 months FCF is $14M. |
| What is Nazara Technologies' FCF margin? | Nazara Technologies' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Nazara Technologies? | Current FCF multiple of Nazara Technologies is 74.4x. |
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