Nazara Technologies Ltd
Nazara Technologies is the leading India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems.
- Market Cap ₹ 10,924 Cr.
- Current Price ₹ 1,247
- High / Low ₹ 1,326 / 805
- Stock P/E 390
- Book Value ₹ 306
- Dividend Yield 0.00 %
- ROCE 1.52 %
- ROE 1.31 %
- Face Value ₹ 4.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 36.3% CAGR over last 5 years
Cons
- Stock is trading at 4.07 times its book value
- Promoter holding is low: 8.78%
- Company has a low return on equity of -2.43% over last 3 years.
- Earnings include an other income of Rs.66.4 Cr.
- Company has high debtors of 180 days.
- Promoter holding has decreased over last 3 years: -10.5%
- Working capital days have increased from 1,616 days to 4,089 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
31 | 46 | 117 | 77 | 66 | 43 | 46 | 33 | 20 | 23 | 23 | 34 | |
21 | 32 | 96 | 69 | 104 | 52 | 37 | 37 | 64 | 68 | 156 | 63 | |
Operating Profit | 10 | 14 | 21 | 8 | -37 | -8 | 9 | -4 | -43 | -45 | -133 | -29 |
OPM % | 32% | 30% | 18% | 10% | -56% | -19% | 21% | -13% | -211% | -196% | -569% | -84% |
1 | 2 | 24 | 6 | 35 | 12 | 7 | 9 | 13 | 27 | 45 | 66 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 1 |
Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 5 | 5 | 4 | 3 | 2 | 5 |
Profit before tax | 10 | 15 | 44 | 13 | -4 | 3 | 10 | -1 | -35 | -21 | -92 | 32 |
Tax % | 34% | 31% | 27% | 30% | 174% | 29% | 34% | -189% | -2% | 13% | 6% | 12% |
7 | 10 | 32 | 9 | -10 | 2 | 7 | 1 | -34 | -24 | -98 | 28 | |
EPS in Rs | 40.41 | 60.18 | 80.28 | 23.10 | -1.93 | 0.40 | 1.24 | 0.13 | -5.18 | -3.62 | -12.74 | 3.20 |
Dividend Payout % | 0% | 0% | 62% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | 19% |
TTM: | 48% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 36% |
3 Years: | 41% |
TTM: | 127% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 30% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | -2% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.87 | 0.87 | 2 | 2 | 11 | 11 | 11 | 12 | 13 | 26 | 31 | 35 |
Reserves | 20 | 30 | 73 | 90 | 212 | 242 | 332 | 458 | 886 | 889 | 1,572 | 2,646 |
1 | 1 | 0 | 0 | 0 | 0 | 4 | 0 | 3 | 0 | 5 | 20 | |
7 | 7 | 24 | 15 | 23 | 17 | 25 | 102 | 18 | 10 | 20 | 37 | |
Total Liabilities | 30 | 40 | 99 | 107 | 246 | 270 | 372 | 572 | 919 | 926 | 1,628 | 2,738 |
0 | 1 | 2 | 2 | 1 | 1 | 5 | 1 | 3 | 1 | 5 | 89 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 1 | 53 | 73 | 198 | 240 | 336 | 444 | 870 | 806 | 685 | 2,234 |
29 | 37 | 44 | 32 | 46 | 29 | 31 | 126 | 46 | 119 | 938 | 415 | |
Total Assets | 30 | 40 | 99 | 107 | 246 | 270 | 372 | 572 | 919 | 926 | 1,628 | 2,738 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 8 | -8 | 3 | 8 | 49 | -48 | -18 | -18 | -44 | |||
18 | -11 | -44 | -15 | -4 | -158 | -321 | -24 | -362 | -1,147 | |||
-20 | 0 | 46 | 12 | -3 | 108 | 314 | 39 | 750 | 850 | |||
Net Cash Flow | 6 | -2 | -5 | 0 | 1 | -1 | -54 | -3 | 369 | -341 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 124 | 48 | 57 | 55 | 123 | 60 | 67 | 47 | 9 | 48 | 79 | 180 |
Inventory Days | 0 | 0 | ||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 124 | 48 | 57 | 55 | 123 | 60 | 67 | 47 | 9 | 48 | 79 | 180 |
Working Capital Days | 98 | 79 | 22 | 27 | 87 | 1 | -61 | -456 | -182 | 77 | 683 | 4,089 |
ROCE % | 54% | 13% | -3% | 1% | 3% | -0% | -5% | -3% | -8% | 2% |
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
5m - Nazara acquired 100% of Curve Digital for GBP 21.7M (~INR 247 Cr), adding multiple subsidiaries.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11m - Nazara Technologies Limited informs the Exchange about Schedule of meet
-
Outcome Of Committee Of Independent Directors Meeting Held On June 11, 2025
1d - Independent Directors recommend open offer of INR 990/share for 26% stake in Nazara Technologies.
-
Letter of Offer
1d - Open offer to acquire 26% of Nazara Technologies at ₹990/share, totaling ₹2384 crore.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1d
Annual reports
Concalls
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Nazara Technologies is a leading India based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, eSports and gamified early learning ecosystems. The company owns some of the most recognisable IP, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay Technologies Private Limited (“Halaplay”) and Qunami in skill-based, fantasy and trivia games. Nazara was among the first entrants in the Indian market in eSports (through Nodwin) and cricket simulation (through Nextwave).