A23 is an online gaming platform that offers various types of games, primarily focused on rummy and poker, designed for players in India.

Nazara Technologies Limited operates a gaming and sports media platform in India and internationally. The company operates through Gamified Early Learning, esports, Freemium, Telco Subscription, and Skill Based Real Money Gaming segments. It offers interactive gaming, e-Sports, and gamified early learning eco-systems. The company also engages in the provision of subscription/download of games/other contents. In addition, it owns various IPs, including World Cricket Championship 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. Nazara Technologies Limited was incorporated in 1999 and is based in Mumbai, India.

Metric
Company Name	A23	Nazara Technologies Limited
Symbol		NAZARA
MSH ID	COM:A23	COM:NAZARA
Market	PRIVATE	STOCKS
Sector	Consumer Services	Technology
Industry	Online Gaming	Electronic Gaming & Multimedia
Country	IN	IN
Stage
Employee Count		74
Website	a23.com	nazara.com
LinkedIn		nazara-technologies
Founders

Metric
Market Cap		820.20M
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue		134.39M
Revenue (LTM)
Revenue (NTM)
Gross Profit		78.86M
EBITDA		24.27M
Operating Income		16.36M
Net Income		6.68M
EPS		0.10
Diluted EPS		0.10
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin		0.58
Operating Profit Margin		0.11
EBITDA Margin		0.18
Net Profit Margin		0.06
Return on Equity		0.07
Return on Assets		0.02
Return on Capital Employed		0.05

A23

COM:A23

A23

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio		107.55
P/B Ratio		5.21
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio		7.21
EV Multiple		46.96

Metric
Days Sales Outstanding		58.59
Days Payables Outstanding		107.56
Days Inventory Outstanding		1.62
Operating Cycle		100.47
Cash Conversion Cycle
Asset Turnover		0.41

Metric
Operating Cash Flow		10.72M
Free Cash Flow		7.55M
Cash Flow to Debt		3.32
Operating Cash Flow/Sales		0.08
Free Cash Flow Yield		0.00

Metric
Cash & Equivalents		66.94M
Accounts Receivable		-8.15M
Inventory		249.11K
Goodwill		46.54M
Debt to Capitalization		0.01
Debt to Assets		0.06
Current Ratio		3.03
Quick Ratio		4.96

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue		0.00
R&D to Revenue
SG&A to Revenue