Nazara Technologies Ltd.

•

nazara.comBSE: 543280NSE: NAZARA

Market Cap₹ 14,276 Cr.

Current Price

High / Low₹ 380 / 216

Stock P/E—

Book Value₹ 90

Price to Book2.48

Dividend Yield0.00 %

ROCE2.1 %

ROE2.1 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Subscription/download of games/other contents: 58.5% • Ad Tech: 24.8% • Business of Organising Events including E-Sports Tournaments: 16.8%

AI Sector View

AI GENERATED

Media Entertainment & Publication

Hold

This sector uses indirect proxies rather than direct ad-spend data. Urban CMIE sentiment at 109.5 (2026-07), disposable personal income of INR 353131560 million (Dec/25), and consumer spending of INR 44743 billion (Jun/26) are supportive, but formal consumer confidence weakened to 88.3 (Jul/26). FPI flow is mildly negative at INR -558 crore over 3 months to 2026-08-31, so the stance remains neutral and confidence is capped.

Confidence

48%

View full sector analysis →

PROS

Company has delivered good profit growth of 37.6% CAGR over last 5 years
Company is almost debt free
Promoters have been increasing their shareholding - up 24.2pp over 2 years
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 32.1% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.39x)

CONS

A large part of profit comes from other income (2747.0% of PBT)
Recent results are weak - TTM profit is down 342.3% versus prior year
Company has a low return on capital employed of 4.2%
Company has a low return on equity of 3.5% over last 3 years
Free cash flow has been persistently negative
Valuation is stretched - P/E of 89.8 is well above its own 5-year median (27.4)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Media Entertainment & PublicationITIT - Software

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	3571.00	1029.71	29401.00	1014.73	27.70	18.65
12.	NAZARA	371.10	0.00	14276.07	0.00	-824.70	-1706.35	4287.70	759.65	2.10	-8.80

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	254	297	320	266	250	319	535	520	499	526	406	398	4,288
	221	271	284	263	225	294	498	486	451	467	338	324	4,554
Operating Profit	33	27	36	4	25	25	37	35	47	60	68	74	-266
OPM %	12.98%	8.98%	11.34%	1.34%	9.96%	7.89%	6.93%	6.65%	9.51%	11.36%	16.68%	18.61%	-6.20%
	12	12	18	38	26	25	22	19	77	190	10	51	88
Interest	1	3	2	1	1	2	3	5	5	7	4	6	36
Depreciation	15	15	15	22	15	26	31	37	65	61	60	46	477
Profit before Tax	28	21	37	19	35	23	26	11	55	182	14	73	-802
Tax %	26.21%	-5.93%	21.49%	-0.63%	30.00%	15.88%	45.34%	-71.85%	-10.57%	-4.28%	36.37%	-18.14%	-2.79%
Net Profit	0	0	0	0	24	16	14	41	51	-339	9	56	-825
	2.95	2.74	3.47	1.12	2.96	0.78	3.84	0.23	6.04	-0.84	0.27	1.27	-2.16

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	190	171	170	248	454	622	1,091	1,138	1,624	1,829	1,759
	129	126	159	253	413	535	989	1,047	1,501	1,579	1,584
Operating Profit	61	45	10	-6	41	86	102	92	123	250	175
OPM %	32.16%	26.13%	6.15%	-2.29%	9.05%	13.91%	9.39%	8.06%	7.55%	13.69%	9.95%
	12	-26	16	15	14	24	49	89	92	328	259
Interest	0	1	1	1	1	1	6	8	11	24	21
Depreciation	1	4	16	26	36	39	57	67	118	231	214
Profit before Tax	72	13	9	-20	17	70	89	103	78	45	189
Tax %	14.99%	90.98%	52.81%	-36.76%	18.07%	27.47%	28.63%	13.52%	19.70%	-48.05%	-7.27%
Net Profit	61	1	4	-27	14	51	63	89	63	67	202
EPS	289.90	1.08	5.42	-0.77	3.08	4.55	5.96	7.39	8.65	2.59	—
Dividend Payout %	0.00%	5875.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 24%
5 Years:: 32%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 4%
5 Years:: 60%
3 Years:: 35%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 11%
3 Years:: 22%
1 Year:: 36%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 4%
3 Years:: 3%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	11	11	11	12	13	26	31	35	74
Minority Interest	0	42	41	69	121	157	212	336	374	78
	218	326	371	464	634	1,016	1,078	1,966	2,828	3,397
	0	13	7	2	1	1	36	22	200	182
Trade Payables	24	29	25	69	61	50	198	240	547	376
	17	48	60	136	189	167	148	159	433	234
Total Liabilities	261	468	515	752	1,018	1,404	1,698	2,753	4,418	4,342
	2	126	143	327	296	424	583	608	1,731	1,431
Capital Work in Progress	0	0	0	0	0	0	0	0	0	1
	77	101	127	58	118	442	332	439	1,312	2,064
	0	0	0	0	0	1	25	2	3	3
	0	0	0	0	0	0	0	275	576	376
Cash & Bank	114	117	133	187	372	323	329	1,210	458	255
	69	124	112	180	231	214	429	220	339	211
Total Assets	261	468	515	752	1,018	1,404	1,698	2,753	4,418	4,342

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	72	11	28	5	84	81	34	91	65	149
Cash from Investing	-54	-20	-68	9	-268	-334	-95	-603	-1,134	-542
Cash from Financing	0	46	12	3	217	335	15	946	805	361
	2	21	-42	10	17	63	-72	434	-264	-33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	10.05	10.05	9.00	8.78	8.31	35.46	35.46	35.46	34.25
	6.05	9.71	11.59	13.04	12.98	12.63	11.98	13.30	13.23
	16.76	12.20	13.15	11.60	9.80	7.16	3.61	2.16	2.33
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	67.13	68.04	66.26	66.58	68.90	44.75	48.96	49.06	50.18

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Press Release

2026-09-11 - Nazara Technologies Limited informs the Exchange regarding a press release dated September 11, 2026, titled "Nazara launches Bodycam in Fortnite through an official UEFN adaptation."

2026-09-05

Updates

2026-09-05 - Nazara Technologies Limited informs the Exchange regarding ''Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 which is self explanatory.

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Nazara Technologies Limited informs the Exchange about Copy of Newspaper Publication

2026-09-03

Updates

2026-09-03 - Nazara Technologies Limited informs the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - update.

2026-09-03

Shareholders meeting

2026-09-03 - Nazara Technologies Limited informs the Exchange regarding Notice convening the 27th Annual General Meeting of the Company for the FY 2025-26 scheduled to be held on Friday, September 25, 2026.

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Nazara Technologies Limited informs the Exchange about Copy of Newspaper Publication

2026-08-31

Shareholders meeting

2026-08-31 - Nazara Technologies Limited informs the Exchange regarding Scrutinizer's report and voting results of Extraordinary General Meeting held held on August 30, 2026.

2026-08-30

Shareholders meeting

2026-08-30 - Nazara Technologies Limited informs the Exchange regarding Proceedings of Extraordinary General Meeting held on August 30, 2026

2026-08-21

Updates

2026-08-21 - Nazara Technologies Limited informs the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - update.

News

Recent coverage and analyst commentary for NAZARA

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AI Stock Analyst

Nazara Technologies Ltd.

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Free 5nance Account

Name

TCS

2202.00

16.00

796702.87

5.00

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1038.20

13.91

421325.69

4.62

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1207.00

18.80

327539.38

4.47

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1539.50

29.38

150891.59

3.31

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4301.15

24.39

127581.28

1.74

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11760.00

30.01

102409.76

3.40

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5537.45

45.42

87353.27

0.72

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1847.40

46.58

81835.77

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2294.10

22.92

43790.98

2.70

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3334.95

26.80

35379.24

1.74

3571.00

1029.71

29401.00

1014.73

27.70

18.65

NAZARA

371.10

0.00

14276.07

0.00

-824.70

-1706.35

4287.70

759.65

2.10

-8.80

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

254

297

320

266

250

319

535

520

499

526

406

398

4,288

221

271

284

263

225

294

498

486

451

467

338

324

4,554

Operating Profit

-266

OPM %

12.98%

8.98%

11.34%

1.34%

9.96%

7.89%

6.93%

6.65%

9.51%

11.36%

16.68%

18.61%

-6.20%

190

Interest

Depreciation

477

Profit before Tax

182

-802

Tax %

26.21%

-5.93%

21.49%

-0.63%

30.00%

15.88%

45.34%

-71.85%

-10.57%

-4.28%

36.37%

-18.14%

-2.79%

Net Profit

-339

-825

2.95

2.74

3.47

1.12

2.96

0.78

3.84

0.23

6.04

-0.84

0.27

1.27

-2.16

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

190

171

170

248

454

622

1,091

1,138

1,624

1,829

1,759

129

126

159

253

413

535

989

1,047

1,501

1,579

1,584

Operating Profit

-6

102

123

250

175

OPM %

32.16%

26.13%

6.15%

-2.29%

9.05%

13.91%

9.39%

8.06%

7.55%

13.69%

9.95%

-26

328

259

Interest

Depreciation

118

231

214

Profit before Tax

-20

103

189

Tax %

14.99%

90.98%

52.81%

-36.76%

18.07%

27.47%

28.63%

13.52%

19.70%

-48.05%

-7.27%

Net Profit

-27

202

EPS

289.90

1.08

5.42

-0.77

3.08

4.55

5.96

7.39

8.65

2.59

—

Dividend Payout %

0.00%

5875.01%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

121

157

212

336

374

218

326

371

464

634

1,016

1,078

1,966

2,828

3,397

200

182

Trade Payables

198

240

547

376

136

189

167

148

159

433

234

Total Liabilities

261

468

515

752

1,018

1,404

1,698

2,753

4,418

4,342

126

143

327

296

424

583

608

1,731

1,431

Capital Work in Progress

101

127

118

442

332

439

1,312

2,064

275

576

376

Cash & Bank

114

117

133

187

372

323

329

1,210

458

255

124

112

180

231

214

429

220

339

211

Total Assets

261

468

515

752

1,018

1,404

1,698

2,753

4,418

4,342

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

149

Cash from Investing

-54

-20

-68

-268

-334

-95

-603

-1,134

-542

Cash from Financing

217

335

946

805

361

-42

-72

434

-264

-33

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

10.05

9.00

8.78

8.31

35.46

34.25

6.05

9.71

11.59

13.04

12.98

12.63

11.98

13.30

13.23

16.76

12.20

13.15

11.60

9.80

7.16

3.61

2.16

2.33

Government

0.00

67.13

68.04

66.26

66.58

68.90

44.75

48.96

49.06

50.18

Nazara Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Nazara Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI