Can you believe that today’s kids can actually turn their love for gaming into a full-fledged career? It’s mind-boggling to think that the gaming industry has been around for nearly half a century! But it’s the rapid advancements in technology that have truly fueled its remarkable growth. And if you thought things couldn’t get any crazier, the COVID-19 pandemic came along and skyrocketed the industry to new heights. Also, if you’re a trader, then you definitely can’t miss out on the opportunity to invest in these companies. In this article, we will discuss the “Top Gaming Stocks In India.”
List of Top Gaming Stocks In India 2023
Delta Corp:
When it comes to gaming, one name stands tall above the rest in India – Delta Corp. As the largest gaming company in the country, Delta Corp boasts a unique distinction: it is the only listed company in India that operates in the casino business. With nearly 50% ownership of organized casinos across the nation, Delta Corp has solidified its position as a trailblazer in the industry. At the heart of Delta Corp’s success are its renowned casinos, Deltin Royale and Deltin JAQK.
Not stopping, Delta Corp has also made its mark in the digital realm. The company owns assa52rummy.com, a popular website renowned for its poker games. This online platform has captured the hearts of gaming enthusiasts, providing them with an immersive and thrilling virtual gaming experience. However, Delta Corp’s achievements extend far beyond its impressive portfolio of games and websites.
The company boasts an exceptional financial record, solidifying its position as an industry leader. Currently trading at around Rs. 241, Delta Corp recorded a net profit of Rs 616 Crores for the fiscal year ending in 2022. Furthermore, the company reported a remarkable net profit of Rs 273 Crores for the December 2022 quarter alone.
Zensar Tech:
With a current trading value of Rs. 403, Zensar Tech has established a robust presence in over 15 countries worldwide. As a top-rated software services company, it is recognized for its excellence in software development, consulting, and package solutions. The company’s operations are part of the larger RPG Group, which boasts diversified interests in sectors such as infrastructure and tires, with a staggering worth of 263 billion.
Being a part of the RPG Group provides Zensar Tech with a strong financial background and unwavering support. Furthermore, the company’s valuation received an additional boost with an investment from renowned investor Rakesh Jhunjhunwala. These factors contribute to the overall stability and potential of Zensar Tech.
In terms of financial performance, Zensar Tech has consistently delivered impressive results. With a profit of Rs 421 Crores for the previous financial year and a net profit of 76 Crores for the quarter ending in December 2022, the company showcases its ability to generate substantial returns. Moreover, the company’s revenues have been on an upward trajectory since 2018, with the exception of 2021. The latest financial year ended with revenue of 4243 Crores, indicating a positive growth trend.
Zensar Tech’s success can be attributed to its focus on providing cutting-edge software solutions and leveraging its global presence to cater to a diverse clientele. With a strong financial foundation, support from the RPG Group, and notable investments, the company is poised to capitalize on emerging opportunities in the software services industry.
Nazara Technologies:
The next up on the list is Nazara Technologies. It is a well-established India-based company that holds a prominent position in the gaming and sports media industry. Its presence extends beyond India, reaching markets in North America and Africa. Renowned for its popular game Chhota Bheem Jungle Run and Trivia games, the company has captured the attention of gaming enthusiasts worldwide.
However, despite its notable stature, this Jhunjhunwala-backed company faces significant financial challenges. The negative PE Ratio indicates a lack of profitability and negative returns. Despite these obstacles, the company has made strategic investments in various gaming apps and sites, demonstrating an ongoing commitment to expansion and innovation. Additionally, the improvement of their Debtor days from 68 to 49 showcases their efforts to optimize financial management.
Nevertheless, it is crucial to consider certain red flags surrounding the company. The low promoter holding of just 19% raises concerns, especially when combined with the recent financial losses. It is essential for investors to exercise caution and closely monitor the company’s performance over the coming months.
OnMobile Global:
With a trading history dating back to 2008, OnMobile Global has established itself as a notable presence in the market. While not primarily focused on the gaming industry, the company’s diversified revenue streams have laid a foundation for steady growth. Notably, OnMobile Global holds a prominent position as the global leader in Ringback Tones, a major contributor to its revenue.
Although gaming constitutes a modest 7% of its revenue, OnMobile Global has emerged as one of the pioneering companies in this sector. With its existing growth trajectory, the company has the potential to capture a significant market share in the coming years. While it may not be the top performer in the industry, it can still offer fair returns to investors.
However, the company has experienced a decline in revenues since 2018, which is a cause for concern. Additionally, the profit margins do not paint a favorable picture. However, it is worth noting that the company maintains a debt-free status, which is a positive sign.