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 ₹ 14,110 Cr.
- Current Price ₹ 367
- High / Low ₹ 380 / 216
- Stock P/E
- Book Value ₹ 93.8
- Dividend Yield 0.00 %
- ROCE 27.1 %
- ROE 30.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Debtor days have improved from 97.6 to 75.1 days.
- Company's median sales growth is 24.8% of last 10 years
Cons
- Stock is trading at 3.92 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.47%
- Promoters have pledged 87.0% of their holding.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 211 | 190 | 172 | 170 | 247 | 454 | 622 | 1,091 | 1,138 | 1,624 | 1,829 | 1,759 | |
| 135 | 129 | 123 | 154 | 255 | 415 | 536 | 989 | 1,040 | 1,509 | 1,857 | 1,849 | |
| Operating Profit | 76 | 61 | 49 | 15 | -7 | 39 | 86 | 102 | 99 | 115 | -28 | -90 |
| OPM % | 36% | 32% | 28% | 9% | -3.0% | 9% | 14% | 9% | 9% | 7% | -1.5% | -5% |
| 8 | 12 | -26 | 16 | 15 | 14 | 24 | 47 | 65 | 80 | 343 | 259 | |
| Interest | 0 | 0 | 2 | 1 | 1 | 1 | 1 | 6 | 8 | 11 | 24 | 21 |
| Depreciation | 1 | 1 | 8 | 20 | 27 | 35 | 39 | 57 | 67 | 118 | 231 | 214 |
| Profit before tax | 83 | 72 | 13 | 11 | -21 | 17 | 70 | 87 | 89 | 66 | 60 | -66 |
| Tax % | 22% | 15% | 92% | 38% | 28% | 18% | 27% | 29% | 16% | 23% | -36% | |
| 65 | 61 | 1 | 7 | -27 | 14 | 51 | 61 | 75 | 51 | 82 | -52 | |
| EPS in Rs | 40.32 | 38.14 | 0.12 | 0.80 | -0.10 | 0.38 | 1.09 | 1.49 | 1.85 | 2.16 | 2.59 | -1.41 |
| Dividend Payout % | 31% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 32% |
| 3 Years: | 19% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 155% |
| 3 Years: | 194% |
| TTM: | -267% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 19% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 15% |
| Last Year: | 31% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 11 | 11 | 11 | 12 | 13 | 26 | 31 | 35 | 74 |
| Reserves | 156 | 221 | 341 | 396 | 496 | 646 | 1,028 | 1,078 | 1,968 | 2,828 | 3,399 |
| 0 | 0 | 8 | 9 | 8 | 1 | 4 | 38 | 28 | 219 | 215 | |
| 41 | 42 | 105 | 92 | 258 | 359 | 358 | 555 | 727 | 1,336 | 654 | |
| Total Liabilities | 200 | 265 | 465 | 509 | 773 | 1,018 | 1,404 | 1,698 | 2,753 | 4,418 | 4,342 |
| 2 | 2 | 152 | 137 | 348 | 296 | 424 | 583 | 608 | 1,731 | 1,431 | |
| CWIP | 0 | 0 | 1 | 1 | 6 | 2 | 1 | 0 | 0 | 14 | 42 |
| Investments | 55 | 77 | 98 | 127 | 58 | 118 | 442 | 332 | 439 | 1,312 | 2,064 |
| 142 | 187 | 214 | 243 | 361 | 601 | 537 | 783 | 1,706 | 1,362 | 805 | |
| Total Assets | 200 | 265 | 465 | 509 | 773 | 1,018 | 1,404 | 1,698 | 2,753 | 4,418 | 4,342 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 59 | 57 | 3 | 19 | -2 | 68 | 62 | 8 | 91 | 66 | 149 | |
| -6 | -61 | -17 | -60 | 18 | -271 | -329 | -89 | -612 | -1,139 | -634 | |
| -20 | 0 | 37 | 6 | 3 | 217 | 335 | 15 | 946 | 805 | 361 | |
| Net Cash Flow | 33 | -5 | 24 | -35 | 19 | 14 | 68 | -66 | 425 | -268 | -124 |
| Free Cash Flow | 57 | 56 | 1 | 13 | -9 | 66 | 51 | -0 | 64 | -82 | 36 |
| CFO/OP | 99% | 117% | 42% | 220% | -67% | 216% | 94% | 33% | 133% | 103% | -680% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 50 | 91 | 96 | 101 | 55 | 50 | 62 | 88 | 129 | 75 |
| Inventory Days | 10 | ||||||||||
| Days Payable | 1,092 | ||||||||||
| Cash Conversion Cycle | 58 | 50 | 91 | 96 | 101 | 55 | 50 | 62 | -994 | 129 | 75 |
| Working Capital Days | 33 | 42 | 72 | 92 | 19 | -9 | 6 | 22 | 26 | -38 | -20 |
| ROCE % | 36% | 16% | 3% | -4% | 2% | 7% | 7% | 6% | 3% | 27% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Kiddopia Subscribers Number of subscribers (iOS) ・Standalone data |
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| Human Fall Flat Lifetime Units Sold Million units (cumulative since launch) ・Standalone data |
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| Funky Monkey Centers Number of stores (at end of quarter) ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
- Nazara approved up to ₹28 crore unsecured loan to wholly-owned subsidiary Smaaash on September 21, 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
- Raymond Albaladejo Stauffer appointed CEO effective September 16, 2026; Nitish Mittersain ceases as CEO.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Nazara launched Bodycam UEFN in Fortnite worldwide on September 11, 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
- Nazara revised preferential issue to ₹7,30.78 crore, excluding one allottee on September 4, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Nazara Technologies Limited informs the Exchange about Copy of Newspaper Publication
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
from bse
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Annual Report 2021
from bse
Concalls
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Aug 2026Transcript PPT REC
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Dec 2021Transcript
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021PPT
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Jun 2021Transcript PPT
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Apr 2021Transcript
Business Overview[1]
Nazara Technologies is India’s only publicly
listed gaming company. Its key businesses include Curve Games, Kiddopia, Animal
Jam, Fusebox Games (Love Island, Big
Brother, Bigg Boss), World Cricket Champ
and Sportskeeda, along with offline gaming businesses such as Funky Monkeys and Smaaash Entertainment. The company
also operates Datawrkz, a digital ad tech business.
With presence in India, North America, and
other global markets, Nazara is building a
global gaming platform with IP, publishing,
and operating capabilities.