Subscribe

Nazara Technologies Limited (NAZARA.NS)

INR310.10 +6.15 (+2.02%)
IN NSE Technology Electronic Gaming & Multimedia
Address 51-54, Maker Chamber 3 400021
Mumbai, IN
CEO Nitish Vikash Mittersain
Website nazara.com
IPO 2021-03-30
ISIN INE418L01047

Explore sections of this company profile

Also trades on Bombay Stock Exchange · NAZARA.BO (INR) National Stock Exchange of India · NAZARA.NS (INR)
Description

Nazara Technologies Limited, an Indian company established in 1999 and headquartered in Mumbai, functions as a leading platform in the gaming and sports media sectors, with operations spanning both its home country and international markets. The firm strategically engages across distinct business verticals, which include educational gaming for young children, competitive electronic sports, free-to-play game models, subscription services via telecom operators, and skill-based games involving real money. The company's offerings feature an array of interactive gaming experiences, comprehensive e-Sports ecosystems, and engaging gamified learning environments for early education. Additionally, Nazara is involved in providing subscriptions and downloads for a variety of digital content. It holds ownership of several prominent intellectual properties; these encompass popular mobile games such as World Cricket Championship and CarromClash, the educational application Kiddopia, leading eSports brands like Nodwin and Sportskeeda, and skill-based fantasy and trivia platforms such as Halaplay and Qunami.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
INR310.10 +6.15 (+2.02%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
3M
Beta
0.09
Float Shares
138.66M
Free Float %
74.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.30% -2.92% +3.57% -4.69% -2.80% -2.76% -12.87% +87.65% +27.41% +33.67% +33.67%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
310.10
DCF (Unlevered) 818.31 +163.9%
DCF (Levered) 528.26 +70.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 4 0
Hold 2 0
Sell 2 0
Strong Sell 1 0
Quality scores
Altman Z-Score
4.24
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Electronic Gaming & Multimedia: +4.1%
    +12.6% Q1'26: -23.5% (vs Q1'25)
  • EPS growth Electronic Gaming & Multimedia: +20.0%
    -44.5% Q1'26: +225.6% (vs Q1'25)
  • FCF margin FCF growth · Electronic Gaming & Multimedia: +41.4%
    +3.2% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Electronic Gaming & Multimedia: +10.3%
    +1.0% Q1'26: +7.2% (vs Q1'25)
  • ROIC Electronic Gaming & Multimedia: +6.6%
    +0.6% Q1'26: +3.8% (vs Q1'25)
  • Share dilution Electronic Gaming & Multimedia: +0.0%
    +128.9% Q1'26: +131.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electronic Gaming & Multimedia: -1.53×
    0.86× Q1'26: 0.73× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.07) × ERP
WACC = 95% × Ke + 5% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 777.41 Current price: 310.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
9 Rev. Ana.
4 EPS Ana.
Mar 2027
8 Rev. Ana.
3 EPS Ana.
Mar 2028
6 Rev. Ana.
4 EPS Ana.
Mar 2029
5 Rev. Ana.
2 EPS Ana.
Mar 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
6.22B
est: 6.23B (-0.1%)
10.91B
est: 10.91B (+0.0%)
11.38B
est: 11.34B (+0.4%)
16.24B
est: 16.12B (+0.8%)
19.22B
18.28B – 20.76B
+19.3% YoY
20.05B
15.32B – 30.22B
+4.3% YoY
23.31B
22.88B – 23.74B
+16.2% YoY
43.16B
32.96B – 65.04B
+85.1% YoY
27.30B
20.85B – 41.14B
-36.7% YoY
EBITDA
1.11B
est: 907.59M (+21.9%)
1.52B
est: 1.59B (-4.6%)
1.80B
est: 1.65B (+9.1%)
2.13B
est: 2.35B (-9.2%)
2.80B
2.66B – 3.03B
+19.3% YoY
2.92B
2.23B – 4.41B
+4.3% YoY
3.40B
3.33B – 3.46B
+16.2% YoY
6.29B
4.80B – 9.48B
+85.1% YoY
3.98B
3.04B – 6.00B
-36.7% YoY
EBIT
716.00M
est: 503.50M (+42.2%)
947.00M
est: 882.28M (+7.3%)
1.13B
est: 917.00M (+23.6%)
955.10M
est: 1.30B (-26.7%)
1.55B
1.48B – 1.68B
+19.3% YoY
1.62B
1.24B – 2.44B
+4.3% YoY
1.89B
1.85B – 1.92B
+16.2% YoY
3.49B
2.67B – 5.26B
+85.1% YoY
2.21B
1.69B – 3.33B
-36.7% YoY
Net Income
284.00M
est: 207.44M (+36.9%)
393.90M
est: 325.06M (+21.2%)
565.70M
est: 1.94B (-70.9%)
753.50M
est: 586.58M (+28.5%)
910.00M
26.64M – 2.33B
+55.1% YoY
706.99M
649.70M – 764.29M
-22.3% YoY
1.07B
840.08M – 1.31B
+51.7% YoY
2.14B
1.48B – 3.55B
+99.6% YoY
— – —
-100.0% YoY
SGA
2.19B
est: 2.70B (-19.0%)
4.62B
est: 4.73B (-2.3%)
4.41B
est: 4.91B (-10.2%)
7.77B
est: 6.98B (+11.3%)
8.33B
7.92B – 8.99B
+19.3% YoY
8.69B
6.64B – 13.09B
+4.3% YoY
10.10B
9.91B – 10.29B
+16.2% YoY
18.70B
14.28B – 28.18B
+85.1% YoY
11.83B
9.03B – 17.83B
-36.7% YoY
EPS
1.14
est: 1.30 (-12.2%)
3.00
est: 1.98 (+51.9%)
4.08
est: 10.35 (-60.6%)
4.72
est: 3.12 (+51.2%)
10.10
0.17 – 14.56
+223.6% YoY
4.41
4.07 – 4.78
-56.3% YoY
6.48
5.26 – 8.17
+46.9% YoY
13.40
9.29 – 22.23
+106.9% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
163.04M
OE per share TTM
0.97
Owner's Yield
0.16%
Maintenance CapEx ratio
12.57%
Maint CapEx / Avg PPE
3.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 4 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 The India Internet ETF INQQ 1.82% 787.1K 0.86%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.05% 372.5K 0.65%
3 State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM 0.01% 179.3K 0.09%
4 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.00% 742.8K 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.49M
Shares Outstanding
185.23M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Nitish Vikash Mittersain Founder, Joint MD & Executive Director and Chief Executive Officer 39M male
Vikash Pratapchand Mittersain Chairman & MD 15M male
Arun Bhandari Company Secretary & Compliance Officer male
James Savio Saldanha Chief Executive Officer of Nazara Digital male
Anupriya Sinha Das Head of Corporate Development female
Pratik Shah Chief Executive Officer of Mastermindsports male
Rakesh Shah Chief Financial Officer male
Rohit Sharma Executive Director male
Anshu Dhanuka Co-Founder & Chief Product Officer of Paper Boat female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits