Nazara Technologies Limited
Nazara Technologies Limited operates in Digital Entertainment, part of the Media Entertainment & Publication sector. It booked ₹803 cr of revenue in its latest quarter (Q2 FY27) and kept 4.5% of sales as profit. It is the 3rd largest of 8 Media Entertainment & Publication companies we track, by market value.
| Segment | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|
| Gaming | 406 | 518 | 1,072 | 36% → 58% |
| Ad tech | 103 | 346 | 454 | 9% → 25% |
| eSports | 632 | 763 | 307 | 55% → 17% |
| Total | 1,141 | 1,627 | 1,834 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“Profit/ (Loss) before share of net loss of 10,545 8,880 (9,198) (2,119) investment accounted for using the equity Nazara is India’s leading listed gaming & esports company with majority ownership of several method and tax leading gaming & esports brands with presence in India, US and other global markets.”
“to become market leader in gaming industry launched a new publishing platform and several new sports media industry.”
Healthier than 47% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 438–2,932 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 55
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in NAZARA?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹803 cr |
| Other Income | ₹14 cr |
| Total Income | ₹817 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹3 cr |
| Inventory Change (±) | ₹49 L |
| Employee Benefit Expense | ₹85 cr |
| Finance Costs | ₹4 cr |
| Depreciation & Amortisation | ₹74 cr |
| Other Expenses | ₹601 cr |
| Total Expenses | ₹768 cr |
| Profit before Tax | ₹49 cr |
| Tax Expense | ₹-10 cr |
| Share of JV / Associates | ₹-23 cr |
| Net Profit | ₹35 cr |
| Net margin on total income | 4.3% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 398 cr | 429 cr | 803 cr |
| Total income | 448 cr | 438 cr | 817 cr |
| Expenses | 375 cr | 455 cr | 768 cr |
| Profit before tax | 73 cr | -18 cr | 49 cr |
| Tax | -13 cr | 2 cr | -10 cr |
| Net profit (owners' share) | 47 cr | -80 cr | 36 cr |
| Net margin (owners' share, on revenue) | 11.8% | -18.6% | 4.5% |
| EPS (₹) | 1.27 | -2.16 | 0.95 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Sun TV Network Limited | ₹589 | ₹23,192 cr | 15.9 | 10.8% | 38.8% | — |
| Prime Focus Limited | ₹290 | ₹22,483 cr | — | -7.9% | -3.3% | — |
| Nazara Technologies Limitedthis company | ₹399 | ₹15,357 cr | 105.1 | 3.8% | 4.5% | — |
| PVR INOX Limited | ₹1,524 | ₹14,646 cr | 14.2 | 14.2% | 12.5% | — |
| Saregama India Limited | ₹562 | ₹10,839 cr | 52.2 | 12.2% | 19.6% | — |
| Tips Music Limited | ₹787 | ₹10,011 cr | 38.2 | 81.1% | 54.8% | — |
| Zee Entertainment Enterprises Limited | ₹62 | ₹5,926 cr | 30.8 | 1.5% | 2.1% | — |
| Network18 Media & Investments Limited | ₹25 | ₹3,893 cr | 18.7 | 4.2% | 9.5% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Stock split | Stock Split From Rs.4/- to Rs.2/- | 26 Sep 2025 |
| Bonus issue | 1:1 | 26 Sep 2025 |
| Bonus issue | 1:1 | 24 Jun 2022 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2026, the company says it has spent 84% of what it set aside, leaving ₹78 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.
As of Sep 2026, the company says it has spent 100% of what it set aside. ICRA Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing