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On 6 Nov 2026, Nazara Technologies was priced at ₹412.10, or 1084.5× trailing earnings, against an industry P/E of 22.6×. Sales and net profit grew 19% and 34% a year over 3 years, with ROCE of 1.8% and ROE of 0.5%. It carries very little debt. It is a small-cap company with a market cap of ₹16,837 Cr, ranked 9th of 57 Electronic Gaming & Multimedia companies by market cap; the shares rose 55% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹417.00
Day high
₹419.55
Day low
₹411.00
Prev. close
₹417.60
Volume
7.9 L

Health check

3 good · 3 to check
  • ReturnsAhead

    +54.9% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 1084.5 vs industry 22.6.

  • GrowthStrong

    Sales +18.8%, profit +34.5% a year over 3 years.

  • ProfitabilityWeak

    ROCE 1.8% vs peer median 16.7%.

  • Balance sheetSolid

    Debt 0.06× equity, interest covered 11.5×.

  • Red flags3 to check

    Return on equity is low at 0.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electronic Gaming & Multimedia

56 listed peers. Screen the industry

Small cap

₹16,837 Cr, #9 of 57 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,036 Cr · profit ₹13 Cr
Market cap
₹16,837 Cr
Small cap
P/E
1084.5
Industry 22.6
Price to book
4.11
Peers 8.12
Dividend yield
0.00%
ROE
0.5%
Peers 21.5%
ROCE
1.8%
Peers 16.7%
Debt to equity
0.06
Debt ₹220 Cr
EPS (TTM)
₹0.38
Face value ₹2
OPM (TTM)
15.2%
Net margin 0.6%
Sales growth
+52.6%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
8.27
EV/EBITDA 62.0

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 52.6% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 0.5%.
  • P/E of 1084.5 against an industry P/E of 22.6.
  • Promoter stake down from 34.3% to 32.0%.

Derived automatically from reported figures. Not a recommendation.

About Nazara Technologies

Nazara Technologies Limited operates a gaming and sports media platform in India, Africa, the Middle East, the Asia Pacific, the United States, and internationally. It operates through Gaming, eSports, and Ad tech segments. The company offers subscriptions, download of games, and support services. It also provides gamified early learning; mobile gaming; PC and console publishing; offline entertainment; esports, indoor kids soft play/gaming and…

Headquarters
Mumbai
Employees
76
Sector
Communication Services
ISIN
INE418L01047
Website
nazara.com

Price range

52 weeks

₹215.70₹426.55

Today

₹411.00₹419.55
Avg volume (3M)
17 L
1-year return
plus 54.9%
From 52-week high
minus 3.4%

Analyst consensus

9 analysts
HoldMean target ₹415.67 plus 0.9%

Target range, with today’s price

Low ₹300.00High ₹720.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Electronic Gaming & Multimedia

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
BHARTIARTLBharti Airtel2,107.20plus 2.45%13,15,37141.512.116.7%57.1%1.0014.9%minus 2.7%
IDEAVodafone Idea12.76minus 1.01%1,38,2463.717.136.9%42.7%–2.1%plus 37.0%
INDUSTOWERIndus Towers383.10minus 0.03%1,01,06114.26.418.4%54.6%0.564.6%minus 2.4%
BHARTIHEXABharti Hexacom1,664.40minus 2.01%83,22042.317.321.1%52.9%0.8612.4%minus 9.3%
TATACOMMTata Communications1,704.80minus 0.52%48,60144.112.315.3%19.9%3.7111.6%minus 10.1%
STLTECHSterlite Technologies719.90minus 5.00%37,01852.465.88.0%22.0%0.22−11.8%plus 530.2%
HFCLHFCL210.66minus 5.00%32,23736.842.910.8%21.2%0.341.3%plus 188.1%
NAZARANazara Technologies412.10minus 1.32%16,8371084.5––15.2%0.06–plus 54.9%
Median of 7 peers–−1.01%83,22041.517.116.7%42.7%0.714.6%−2.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
526406398429803
501339320382684
25.966.777.646.5120
4.9%16.4%19.5%10.8%14.9%
91711.320.2−53.6−9.8
6.84.36.23.63.8
60.859.745.547.773.6
−917−0−3.6−21.8−6.7
−41.713.942.5−80.225.8
18.7%36.4%−31.2%−2.8%−37.2%
−29.49.847−79.936.3
-0.850.271.27-2.160.95

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+18.8%
Profit CAGR 3Y
+34.5%
EPS CAGR 3Y
+20.7%
ROE
0.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,0911,1381,6241,829
–+4.3%+42.7%+12.6%
9779941,4691,569
114144155260
10.4%12.7%9.5%14.2%
9.722.449.5−250
4.76.89.922.5
57.267118231
2710.71.3288
88.810377.945.3
28.6%13.5%19.7%−48.0%
39.456.675.895.9
–+43.6%+34.0%+26.4%
1.492.042.372.62

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
26.530.635.174.1
1,0781,9682,8283,399
38.127.7219215
5597351,354683
1,7022,7624,4354,371
14.823.1123146
–––1.2
97.5222180278
7161,416613715
8731,1013,5193,231
1,7022,7624,4354,371

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8.190.865.5149
−95.2−603−1,134−542
14.5946805361
−72.3434−264−33
−8.3−26.9−148−113
−0.263.9−82.335.9

Shareholding pattern

Source: NSE filings
32.0%
promoters
  • Promoters32.00%
  • Public68.00%
  • As of 12 Oct 2026
QuarterSplitPromotersPublicPromoter change
12 Oct 202632.00%68.00%minus 1.98
30 Sep 202633.98%66.02%0.00
3 Aug 202633.98%66.02%minus 0.08
30 Jul 202634.06%65.94%minus 0.19
30 Jun 202634.25%65.75%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you