1. India Stocks

  2. •

    Technology

  3. •

    Electronic Gaming & Multimedia
Nazara Technologies Limited

Nazara Technologies Limited

NAZARA.NS
Nazara Technologies LimitedIN flagNational Stock Exchange of India
304.30
INR
+0.50
- -
56.37BMarket Cap
Nazara Technologies Limited
NAZARA.NS
(National Stock Exchange of India)

Recent

price

304.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
7.06
6.97
11.15
19.69
24.88
41.44
41.06
50.76
49.37
51.04
Revenue per Share
0.11
0.72
-0.1
0.4
1.14
1.5
2.04
2.37
2.59
2.67
Basic EPS, GAAP
0.05
0.55
-0.42
2.81
1.99
-0.01
2.31
-2.57
0.97
- -
Free Cash Flow per Basic Share
1.23
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
7.72
8.11
8.65
9.89
5.7
6.12
9.66
2.56
2
2.07
Book Value per Share
10.31
12.85
11.16
21
31.25
28.42
63.11
50.5
60.02
62.05
Tangible Book Value per Share
244
244
222
231
250
263
277
320
370
358
Basic Weighted Avg Shares
1,720
1,697
2,475
4,542
6,217
10,910
11,383
16,239
18,290
18,290
Sales/Revenue/Turnover
6.63
1.91
-11.86
3.85
10.26
5.21
6.78
2.2
1.33
1.27
Operating Margin (%)
82
195
269
355
390
572
670
1,177
2,306
2,306
Depreciation Expense
27
175
-21
92
284
394
566
758
958
958
Net Income, GAAP
92
38.25
- -
18.07
27.47
28.63
13.52
19.7
- -
36.45
Effective Tax Rate (%)
1.55
10.32
-0.86
2.03
4.57
3.61
4.97
4.67
5.24
5.24
Profit Margin (%)
2,382
2,660
2,312
4,677
7,423
6,631
15,158
5,743
6,330
6,330
Working Capital
83
- -
20
6
10
52
127
1,490
1,194
1,194
LT Debt
3,871
4,403
5,700
7,790
11,983
13,166
23,346
32,373
35,517
35,517
Total Equity
- -
0.49
- -
2.13
4.69
3.19
3.61
0.99
- -
- -
Return on Invested Capital (%)
- -
12.4
- -
1.65
2
5.81
8.49
16.63
- -
- -
Return on Capital (%)
- -
9.08
-1.09
4.38
15.33
25.95
26.38
43.37
122.92
122.9
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
734
- -
955
LT Borrowings
481
- -
488
LT Finance Leases
750
- -
706
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
370
- -
370
Market Capitalization
88,579
96,707
83,513

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
12,289
- -
12,384
Cash, Cash Equivalents & STI
7,683
- -
7,439
Accounts Receivable, Net
3,284
- -
3,762
Inventories
33
- -
34
Total Current Liabilities
5,703
- -
6,054
Payables & Accruals
- -
- -
- -
ST Debt
734
- -
955
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
37.88%
9.71%
Free Cash Flow
- -
-7,223.59%
-143.64%
Net Income, GAAP
- -
70.29%
26.42%
Sales/Revenue/Turnover
- -
34.4%
12.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,544
2,972
3,204
2,662
11,383
2025
2,501
3,189
5,347
5,202
16,239
2026
4,988
5,265
4,060
3,978
18,290

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.74
0.75
0.88
- -
2.04
2025
0.74
0.72
0.9
0.19
2.37
2026
1.93
-0.85
0.27
1.27
2.59

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Solid Clouds hf (SOLID.IC)
Zengame Technology Holding Limited (2660.HK)
Whole Easy Internet Technology Co., Ltd. (002464.SZ)
BigBen Interactive (0O0E.L)
Contagious Gaming Inc. (KSMRF)
Gamelancer Media Corp. (GMNG.CN)
Business
Nazara Technologies Limited (NAZARA.NS) develops and publishes mobile games, operates esports platforms and sports media properties, and provides adtech solutions; core offerings include the World Cricket Championship franchise with over 200 million downloads, Kiddopia gamified early learning app for preschoolers, Animal Jam Classic online playground for kids, CarromClash skill-based game, Halaplay and Qunami fantasy and trivia platforms, NODWIN Gaming esports tournaments, Sportskeeda sports and esports news coverage, and Datawrkz digital advertising services. Founded in 1999 and headquartered in Mumbai, India, the company serves mass-market mobile gamers, children, esports enthusiasts, and advertisers across India, the Middle East, Africa, North America, and Europe through segments such as subscription-based freemium gaming, real-money gaming, esports, gamified early learning, and adtech. Subsidiaries encompass Nextwave Multimedia, WildWorks, Paper Boat Apps, Nodwin Gaming, Sportskeeda, Datawrkz, Fusebox Games, and Curve Games. Recent developments include the September 2024 acquisition of a 47.7% stake in Moonshine Technology (PokerBaazi parent) for Rs 832 crore, the May 2025 acquisition of Curve Games for Rs 247 crore to bolster PC and console gaming, the same month's purchase of Smaaash Entertainment for on-venue gaming expansion, the January 2025 acquisition of Zeptolab's King of Thieves and CATS games for $7.7 million, the August 2024 acquisition of Fusebox Games for $27.2 million, a $4 million investment in subsidiary Nazara Dubai by Griffin Gaming Partners in September 2025, and the cancellation of a Rs 15.90 crore deal for Moonshine's remaining stake in August 2025 due to India's online gaming regulations. In March 2024, Nazara earmarked Rs 830 crore for global mergers and acquisitions in gaming, esports, and adtech, following a Rs 760 crore fundraise.