Nazara Technologies Ltd.

•

nazara.comBSE: 543280NSE: NAZARA

Market Cap₹ 14,276 Cr.

Current Price

High / Low₹ 380 / 216

Stock P/E0.0

Book Value₹ 57

Price to Book3.84

Dividend Yield0.00 %

ROCE-38.2 %

ROE-38.0 %

Face Value₹ 2

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ABOUT

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 is almost debt free
Promoters have been increasing their shareholding - up 24.2pp over 2 years
Operating margins have improved to -49.9% from -79.8%
Company has delivered good sales growth of 17.5% CAGR over last 5 years

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 1719.7% versus prior year
Interest coverage is weak at -258.8x - earnings barely cover interest
Company has a low return on capital employed of -14.6%
Company has a low return on equity of -14.8% over last 3 years

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	5	7	5	6	8	7	7	13	20	18	17	18	174
	8	12	10	125	14	12	20	17	21	38	26	26	1,000
Operating Profit	-4	-5	-5	-119	-6	-5	-13	-4	-1	-20	-9	-8	-826
OPM %	-78.95%	-69.33%	-101.73%	-1833.33%	-75.22%	-80.36%	-187.62%	-32.97%	-4.43%	-108.21%	-52.64%	-40.73%	-474.81%
	7	7	13	18	19	18	15	14	26	-946	15	24	211
Interest	0	1	0	0	0	0	0	1	1	1	1	1	5
Depreciation	1	0	1	1	1	1	1	3	6	6	5	5	54
Profit before Tax	2	1	7	-102	12	12	1	6	19	-973	0	10	-615
Tax %	22.34%	61.27%	12.56%	-3.31%	21.71%	-8.99%	-17.14%	36.58%	-46.63%	0.57%	-70.37%	61.74%	-2.67%
Net Profit	2	1	6	-105	10	13	2	4	28	-967	0	4	-632
	0.23	0.09	0.78	-14.17	1.26	0.42	0.05	0.10	3.12	-26.72	0.01	0.11	-1.70

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	77	66	43	46	33	20	23	23	34	74	71
	69	68	52	37	37	64	68	164	63	111	189
Operating Profit	8	-2	-8	9	-4	-43	-45	-141	-29	-37	-119
OPM %	10.36%	-2.54%	-18.54%	20.52%	-13.07%	-211.27%	-196.34%	-605.23%	-83.61%	-49.95%	-167.20%
	6	-1	12	7	9	13	27	53	66	-881	-887
Interest	0	0	0	1	0	0	0	2	1	4	3
Depreciation	1	1	1	5	5	4	3	2	5	21	21
Profit before Tax	13	-4	3	10	-1	-35	-21	-92	32	-943	-1,024
Tax %	30.44%	-174.52%	29.45%	33.50%	188.89%	2.31%	-13.03%	-6.00%	11.69%	0.87%	-0.21%
Net Profit	9	-10	2	7	1	-34	-24	-98	28	-935	-1,026
EPS	37.89	-4.11	0.79	2.46	0.28	-5.41	-3.67	-12.74	3.20	-25.24	—
Dividend Payout %	0.00%	-1565.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -4%
5 Years:: 18%
3 Years:: 48%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: -4%
5 Years:: -10%
3 Years:: -15%
Last Year:: -38%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	86	192	216	306	446	874	889	1,571	2,646	2,166
	0	0	0	0	0	0	0	3	15	25
Trade Payables	10	15	10	8	13	2	2	8	14	20
	8	25	30	44	97	24	5	15	24	1
Total Liabilities	106	243	267	370	569	913	923	1,628	2,734	2,286
	2	1	1	5	1	3	1	5	84	95
	73	198	240	336	444	870	806	685	2,234	1,800
	0	0	0	0	0	0	0	9	17	20
Cash & Bank	8	3	3	4	56	28	101	873	74	71
	23	41	23	25	68	12	16	55	325	300
Total Assets	106	243	267	370	569	913	923	1,628	2,734	2,286

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14	-1	6	10	50	-48	-18	-18	-44	-30
Cash from Investing	-11	-44	-15	-4	-158	-321	-24	-362	-1,147	-460
Cash from Financing	0	46	12	-3	108	314	39	750	850	485
	-2	-5	0	1	-1	-54	-3	369	-341	-5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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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

174

125

1,000

Operating Profit

-4

-5

-119

-6

-5

-13

-4

-1

-20

-9

-8

-826

OPM %

-78.95%

-69.33%

-101.73%

-1833.33%

-75.22%

-80.36%

-187.62%

-32.97%

-4.43%

-108.21%

-52.64%

-40.73%

-474.81%

-946

211

Interest

Depreciation

Profit before Tax

-102

-973

-615

Tax %

22.34%

61.27%

12.56%

-3.31%

21.71%

-8.99%

-17.14%

36.58%

-46.63%

0.57%

-70.37%

61.74%

-2.67%

Net Profit

-105

-967

-632

0.23

0.09

0.78

-14.17

1.26

0.42

0.05

0.10

3.12

-26.72

0.01

0.11

-1.70

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

164

111

189

Operating Profit

-2

-8

-4

-43

-45

-141

-29

-37

-119

OPM %

10.36%

-2.54%

-18.54%

20.52%

-13.07%

-211.27%

-196.34%

-605.23%

-83.61%

-49.95%

-167.20%

-1

-881

-887

Interest

Depreciation

Profit before Tax

-4

-1

-35

-21

-92

-943

-1,024

Tax %

30.44%

-174.52%

29.45%

33.50%

188.89%

2.31%

-13.03%

-6.00%

11.69%

0.87%

-0.21%

Net Profit

-10

-34

-24

-98

-935

-1,026

EPS

37.89

-4.11

0.79

2.46

0.28

-5.41

-3.67

-12.74

3.20

-25.24

—

Dividend Payout %

0.00%

-1565.43%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

192

216

306

446

874

889

1,571

2,646

2,166

Trade Payables

Total Liabilities

106

243

267

370

569

913

923

1,628

2,734

2,286

198

240

336

444

870

806

685

2,234

1,800

Cash & Bank

101

873

325

300

Total Assets

106

243

267

370

569

913

923

1,628

2,734

2,286

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

-48

-18

-44

-30

Cash from Investing

-11

-44

-15

-4

-158

-321

-24

-362

-1,147

-460

Cash from Financing

-3

108

314

750

850

485

-2

-5

-1

-54

-3

369

-341

-5

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

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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