Nazara Technologies Ltd
NSE: NAZARA BSE: 543280Media
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.
₹298
52W: ₹216 — ₹363
PE 215 · Book ₹60.5 · +393% vs bookMarket Cap₹11,055 Cr
Stock P/E215Price to Earnings
ROCE2.02%Return on Capital
ROE2.09%Return on Equity
Div. Yield0%Face Value ₹2
Strengths
- +Company is almost debt free.
- +Company is expected to give good quarter
Weaknesses
- −Stock is trading at 5.02 times its book value
- −Tax rate seems low
- −Company has a low return on equity of -0.60% over last 3 years.
- −Promoters have pledged 55.9% of their holding.
Shareholding Pattern
Promoters35.45%
FIIs13.3%
DIIs2.16%
Public49.08%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 10.05% | 10.05% | 9%▼1.1 | 8.78%▼0.2 | 8.3%▼0.5 | 35.45%▲27.2 | 35.45% | 35.45% |
| FIIs | 6.05% | 9.71%▲3.7 | 11.59%▲1.9 | 13.04%▲1.4 | 12.98%▼0.1 | 12.63%▼0.3 | 11.98%▼0.7 | 13.3%▲1.3 |
| DIIs | 16.76% | 12.21%▼4.6 | 13.51%▲1.3 | 12.44%▼1.1 | 9.8%▼2.6 | 7.18%▼2.6 | 3.62%▼3.6 | 2.16%▼1.5 |
| Public | 67.13% | 68.03%▲0.9 | 65.9%▼2.1 | 65.74%▼0.2 | 68.9%▲3.2 | 44.73%▼24.2 | 48.95%▲4.2 | 49.08%▲0.1 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.2 | 6.48 | 7.99 | 6.72 | 7.03 | 12.68 | 20.32 | 18.02 | 17.06 | 18.44 |
| Expenses | 10.49 | 125.28 | 14 | 12.12 | 20.22 | 16.86 | 21.22 | 37.52 | 26.04 | 25.95 |
| Operating Profit | -5.29 | -118.8 | -6.01 | -5.4 | -13.19 | -4.18 | -0.9 | -19.5 | -8.98 | -7.51 |
| OPM % | -101.73% | -1833.33% | -75.22% | -80.36% | -187.62% | -32.97% | -4.43% | -108.21% | -52.64% | -40.73% |
| Net Profit | 5.78 | -105.35 | 9.63 | 12.73 | 1.64 | 4.04 | 27.61 | -966.95 | 0.46 | 3.91 |
| EPS ₹ | 0.2 | -3.44 | 0.31 | 0.42 | 0.05 | 0.12 | 0.75 | -26.1 | 0.01 | 0.11 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹74Cr, up 117.6% YoY. OPM at -50%.
Debt Position
Borrowings at ₹31Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
Institutional Flow
DIIs: 2.16% (-8.51pp change). FIIs: 13.3% (+4.72pp change). Promoters hold 35.45%.
Margin & Efficiency
ROCE declining from 54% (Mar 2012) to 2% (Mar 2026). Working capital days: 3074.
Valuation
PE 215x with 2.02% ROCE. Price is 393% above book value of ₹60.5. Dividend yield: 0%.
Recent Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 6m
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 May - Nazara Technologies Limited informs the Exchange about Copy of Newspaper Publication.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 13 May - Audio recording of Nazara’s Q4 and FY2026 earnings call released on May 13, 2026.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 12 May - ICRA monitoring report for Q4 FY2026 shows no deviation in ₹495 crore preferential issue proceeds utilisation.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse