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Nazara Technologies Overview

Nazara Technologies Ltd operates a gaming and sports activities media platform in India and across the world. The organisation operates thru Gamified Early Learning, esports, Freemium, Telco Subscription, and Skill Based Real Money Gaming segments. It offers e-Sports, gamified early learning eco-systems and interactive gaming. The enterprise additionally engages in the provision of subscription/download of games/different contents. In addition, it owns diverse IPs, together with World Cricket Championship and CarromClash in cell video games; Ki...Read More

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Nazara Technologies Key Financials

Market Cap ₹9951 Cr.

Stock P/E 159.1

P/B 2.9

Current Price ₹268.6

Book Value ₹ 91.9

Face Value 2

52W High ₹362.5

Dividend Yield 0%

52W Low ₹ 216

Nazara Technologies Share Price

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Volume
Price

Nazara Technologies Quarterly Price

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Nazara Technologies Peer Comparison

Nazara Technologies Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 297 320 266 250 319 535 520 499 526 406
Other Income 12 18 38 26 25 22 19 77 1104 11
Total Income 310 338 304 276 344 557 539 576 1631 417
Total Expenditure 271 284 263 225 294 498 486 451 467 338
Operating Profit 39 54 41 50 50 59 53 125 1164 79
Interest 3 2 1 1 2 3 5 5 7 4
Depreciation 15 15 22 15 26 31 37 65 61 60
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -915 -1
Profit Before Tax 21 37 19 35 23 26 11 55 182 14
Provision for Tax -1 8 -0 10 4 12 -8 -6 -8 5
Profit After Tax 23 29 19 24 19 14 19 61 190 9
Adjustments -3 -3 -28 -2 3 17 -13 8 -219 1
Profit After Adjustments 20 26 -9 23 22 31 7 68 -29 10
Adjusted Earnings Per Share 0.7 0.9 -0.3 0.7 0.7 0.9 0.2 1.8 -0.8 0.3

Nazara Technologies Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 153 211 190 171 170 248 454 622 1091 1138 1624 1951
Other Income 5 8 12 10 16 15 14 24 49 89 92 1211
Total Income 158 219 202 180 186 263 469 646 1141 1227 1715 3163
Total Expenditure 82 135 129 126 159 253 413 535 989 1047 1501 1742
Operating Profit 76 84 73 54 27 10 55 111 152 180 214 1421
Interest 0 0 0 1 1 1 1 1 6 8 11 21
Depreciation 1 1 1 4 16 26 36 39 57 67 118 223
Exceptional Income / Expenses 0 0 0 -36 0 0 0 0 0 0 0 -916
Profit Before Tax 75 83 72 13 9 -20 17 70 89 103 78 262
Provision for Tax 16 18 11 12 5 7 3 19 25 14 15 -17
Profit After Tax 59 65 61 1 4 -27 14 51 63 89 63 279
Adjustments 0 0 0 2 11 25 -4 -22 -24 -33 13 -223
Profit After Adjustments 59 65 61 3 15 -2 9 28 39 57 76 56
Adjusted Earnings Per Share 8 3.2 3.1 0.1 0.7 -0.1 0.4 1.1 1.5 1.8 2.2 1.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 43% 38% 46% 27%
Operating Profit CAGR 19% 24% 85% 11%
PAT CAGR -29% 7% 0% 1%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -0% 24% 5% NA%
ROE Average 3% 5% 5% 15%
ROCE Average 4% 6% 6% 20%

Nazara Technologies Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 109 158 223 356 408 501 658 1041 1105 1999 2863
Minority's Interest 0 0 0 42 41 69 121 157 212 336 374
Borrowings 0 0 0 0 0 0 0 0 0 0 92
Other Non-Current Liabilities -0 -1 -3 27 18 33 26 33 47 37 152
Total Current Liabilities 32 40 41 43 49 148 214 173 334 382 926
Total Liabilities 142 198 261 468 515 752 1018 1404 1698 2753 4418
Fixed Assets 1 2 2 126 143 327 296 424 583 608 1731
Other Non-Current Assets 5 7 11 47 58 45 41 65 118 247 1176
Total Current Assets 136 189 249 295 315 380 681 915 997 1897 1408
Total Assets 142 198 261 468 515 752 1018 1404 1698 2753 4418

Nazara Technologies Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 9 36 69 65 89 53 72 140 208 142 567
Cash Flow from Operating Activities 52 59 57 -6 14 -2 68 62 8 91 66
Cash Flow from Investing Activities -8 -6 -54 -20 -68 9 -268 -334 -95 -603 -1134
Cash Flow from Financing Activities -16 -20 0 46 12 3 217 335 15 946 805
Net Cash Inflow / Outflow 28 32 2 21 -42 10 17 63 -72 434 -264
Closing Cash & Cash Equivalent 36 69 65 89 53 72 86 208 142 567 299

Nazara Technologies Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.01 3.24 3.07 0.13 0.69 -0.1 0.38 1.09 1.49 1.85 2.16
CEPS(Rs) 8.12 3.29 3.13 0.25 0.91 -0.02 2.01 3.45 4.55 5.11 5.14
DPS(Rs) 0 1 0 7.55 0 0 0 0 0 0 0
Book NAV/Share(Rs) 14.65 7.97 11.05 15.61 17.4 21.23 26.49 39.58 41.74 65.22 81.68
Core EBITDA Margin(%) 46.41 36.01 32.16 26.13 6.15 -2.29 9.05 13.91 9.39 8.06 7.55
EBIT Margin(%) 49.02 39.27 37.91 8.43 5.98 -7.41 3.85 11.44 8.69 9.78 5.47
Pre Tax Margin(%) 48.86 39.07 37.76 7.87 5.46 -7.91 3.65 11.24 8.14 9.09 4.8
PAT Margin (%) 38.63 30.56 32.1 0.71 2.58 -10.82 2.99 8.16 5.81 7.86 3.85
Cash Profit Margin (%) 39.15 31.01 32.71 3.18 11.79 -0.18 10.81 14.43 11.05 13.74 11.1
ROA(%) 53.66 38 26.58 0.33 0.89 -4.23 1.54 4.19 4.09 4.02 1.74
ROE(%) 67.86 48.41 32.27 0.44 1.22 -6.24 2.42 6.05 5.94 5.77 2.57
ROCE(%) 84.89 61.93 37.74 4.96 2.66 -4.04 3.02 8.37 8.71 7.08 3.54
Receivable days 39.68 47.18 56.99 73.89 95.75 84.14 54.93 45 45.29 73.91 95.63
Inventory Days 0 0 0 0 0 0 0 0.76 4.32 4.27 0.52
Payable days 0 0 0 0 0 0 0 0 835.31 996.36 3585.83
PER(x) 0 0 0 0 0 0 485.6 187.43 86.77 90.71 109.48
Price/Book(x) 0 0 0 0 0 0 6.91 5.17 3.09 2.57 2.9
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) -0.34 -0.35 -0.59 -0.63 -0.72 -0.71 9.02 8.04 2.86 3.45 4.92
EV/Core EBITDA(x) -0.68 -0.89 -1.53 -1.96 -4.57 -17.92 73.93 45.21 20.53 21.8 37.27
Net Sales Growth(%) 75.11 38.04 -9.95 -10.31 -0.42 45.74 83.51 36.88 75.49 4.33 42.66
EBIT Growth(%) 92.42 10.6 -13.08 -80.05 -29.37 -280.55 195.41 306.29 33.28 17.47 -20.2
PAT Growth(%) 104.17 9.18 -5.4 -98.02 261.6 -711.46 150.79 272.79 25.01 41.15 -30.1
EPS Growth(%) 116.62 -59.49 -5.4 -95.81 435.91 -113.81 496.53 189.66 36.24 24.15 17.09
Debt/Equity(x) 0 0 0 0 0 0 0 0 0.03 0 0.05
Current Ratio(x) 4.2 4.69 6.14 6.83 6.44 2.56 3.19 5.29 2.98 4.96 1.52
Quick Ratio(x) 4.2 4.69 6.14 6.83 6.44 2.56 3.19 5.28 2.91 4.96 1.52
Interest Cover(x) 320.44 195.6 250.29 15.06 11.54 -14.83 19.44 59.25 15.9 14.14 8.11
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0.01 0 0.02

Nazara Technologies Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 17.16 16.43 10.05 10.05 9 8.78 8.31 35.46 35.46 35.46
FII 10.46 9.44 6.05 9.71 11.58 13.04 12.98 12.63 11.97 13.31
DII 15.9 16.8 16.76 12.2 13.16 11.6 9.81 7.16 3.61 2.17
Public 56.48 57.32 67.13 68.04 66.26 66.58 68.9 44.75 48.96 49.07
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Nazara Technologies News

Nazara Technologies Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 35.46%.
  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 996.36 to 3585.83days.
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