Entertainment
Valuation | |
|---|---|
| Market Cap | 10.33 kCr |
| Price/Earnings (Trailing) | 87.84 |
| Price/Sales (Trailing) | 3.27 |
| EV/EBITDA | 20.32 |
| Price/Free Cashflow | -29.56 |
| MarketCap/EBT | 39.44 |
| Enterprise Value | 10.27 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -0.20% |
| Price Change 1M | -3.1% |
| Price Change 6M | -19.9% |
| Price Change 1Y | 16.1% |
| 3Y Cumulative Return | 26.7% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -1.13 kCr |
| Cash Flow from Operations (TTM) |
| Revenue (TTM) |
| 3.16 kCr |
| Rev. Growth (Yr) | -25% |
| Earnings (TTM) | 30.32 Cr |
| Earnings Growth (Yr) | -35.4% |
Profitability | |
|---|---|
| Operating Margin | 36% |
| EBT Margin | 8% |
| Return on Equity | 1.01% |
| Return on Assets | 0.83% |
| Free Cashflow Yield | -3.38% |
| 65.5 Cr |
| Cash Flow from Financing (TTM) | 804.92 Cr |
| Cash & Equivalents | 150.6 Cr |
| Free Cash Flow (TTM) | -82.28 Cr |
| Free Cash Flow/Share (TTM) | -8.88 |
Balance Sheet | |
|---|---|
| Total Assets | 4.26 kCr |
| Total Liabilities | 787.62 Cr |
| Shareholder Equity | 3.47 kCr |
| Current Assets | 1.23 kCr |
| Current Liabilities | 570.33 Cr |
| Net PPE | 48.14 Cr |
| Inventory | 3.34 Cr |
| Goodwill | 641.04 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.02 |
| Debt/Equity | 0.02 |
| Interest Coverage | 13.01 |
| Interest/Cashflow Ops | 5.51 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 116.6% |
| Shares Dilution (3Y) | 181.2% |
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 26.7% return compared to 13% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is losing interest in the stock.
Dividend: Stock hasn't been paying any dividend.
Dilution: Company has been diluting it's stock to raise money for business.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.1% in last 30 days.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 26.7% return compared to 13% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is losing interest in the stock.
Dividend: Stock hasn't been paying any dividend.
Dilution: Company has been diluting it's stock to raise money for business.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.1% in last 30 days.
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 116.6% |
| Earnings/Share (TTM) | 3.17 |
Financial Health | |
|---|---|
| Current Ratio | 2.15 |
| Debt/Equity | 0.02 |
Technical Indicators | |
|---|---|
| RSI (14d) | 57.63 |
| RSI (5d) | 49.23 |
| RSI (21d) | 45.32 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Nazara Tech's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Nazara Technologies management provided an optimistic outlook during the Q2 FY26 earnings call, highlighting significant growth and strategic initiatives. For H1 FY26, the revenue reached INR 1,025.2 crores, representing an 80.2% year-on-year increase, with EBITDA up by 118.5% to INR 109.4 crores, showcasing a robust EBITDA margin of 23.2%. In Q2 FY26 alone, revenue was INR 526.5 crores, up 65.1%, while EBITDA soared 146.4% to INR 62 crores. However, there was a reported PAT of negative INR 33.9 crores in Q2, mainly due to regulatory impacts on real money gaming and impairments.
The management emphasized that over 90% of their gaming revenue comes from international markets. Mobile gaming continues to drive growth, aided by popular titles such as Love Island and WCC, with mobile revenue increasing by 81% and EBITDA by 95% year-on-year in Q2. The offline and AdTech segments are also burgeoning, with AdTech reporting 501% revenue growth in Q2 FY26.
Looking forward, management underscored efforts to enhance efficiency through centers of excellence in user acquisition and analytics, expecting to achieve annual core gaming growth of 20-25% with corresponding EBITDA margins. Innovations in technology and partnerships are anticipated to solidify their competitive edge. The management is also focused on leveraging their IPs for new ventures, such as developing "Animal Jam" for the Roblox platform, indicating a proactive strategy in adapting to market trends.
Key forward-looking points include:
Understand Nazara Tech ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Plutus Wealth Management LLP | 10.91% |
| Arpit Khandelwal | 7.44% |
| Mitter Infotech LLP | 6.09% |
| Axana Estates LLP | 5.4% |
| Anantnath Skycon Private Limited | 3.73% |
| Think India Opportunities Master Fund Lp | 2.52% |
| Thakkar Nileshkumar Farshuram (HUF) | 2.48% |
Detailed comparison of Nazara Tech against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| AFFLE | AFFLE 3I | 23.27 kCr | 2.66 kCr | -9.20% | +9.30% | 52.93 | 8.74 | - | - |
| ZENSARTECH | Zensar Tech | 14.82 kCr | 5.81 kCr |
Comprehensive comparison against sector averages
NAZARA metrics compared to Entertainment
| Category | NAZARA | Entertainment |
|---|---|---|
| PE | 87.84 | 65.31 |
| PS | 3.27 | 2.16 |
| Growth | 113.7 % | -33.7 % |
Nazara Technologies Limited, together with its subsidiaries, operates a gaming and sports media platform in India, Africa, the Middle East, the Asia Pacific, the United States, and internationally. It operates through eSports, Ad tech, Gaming segments. The company offers subscription, download of games, and other contents; and support services. It also provides interactive and online gaming, including gamified early learning ecosystems; e-sports; and advertising technology ecosystems. In addition, the company owns various IPs, including World Cricket Championship, Kiddopia, Animal Jam, Classic Rummy, Openplay, Halaplay, Nazara Telco Distribution, Nodwin, NODWIN Gaming, SportsKeeda, Wings, Branded, Pro Football Network, Publishme, Rusk DC, Planet Superheroes, Vizibl, AdPrimus, BidAmp, and Datawrkz. Nazara Technologies Limited was incorporated in 1999 and is based in Mumbai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
NAZARA vs Entertainment (2022 - 2026)
1. Question from Jinesh Joshi: "What led to the INR 206 crores impairment for Freaks4U, and how much was initially invested?"
Answer: As Akshat explained, we initially invested around EUR 42 million (INR 420-430 crores) into Freaks4U. The impairment results from severe industry headwinds in Europe, including significant layoffs and an aging workforce driving up costs. The esports market in the West is contracting, and our management decided to recognize these losses quickly rather than continue funding an unsustainable asset.
2. Question from Manan Poladia: "What is the strategy regarding PokerBaazi and how much cash remains?"
Answer: We've taken a conservative approach with PokerBaazi, writing off most of the investment except for about INR 100 crores in cash. The management is exploring options to leverage their strong poker platform, aiming for strategic partnerships to utilize their user base. We anticipate having more updates by next quarter.
3. Question from Rahul Jain: "What are the plans for the new brand identity?"
Answer: Our new brand identity reflects our aim to create immersive, magical entertainment experiences through gaming. We plan to leverage AI and VR technologies, investing in IPs that can transcend into these platforms, ensuring our content remains relevant and captivating for users, as we maximize engagement.
4. Question from Sucrit Patil: "How are you ensuring sustainable margins amid rising costs?"
Answer: Our strategy focuses on delivering profitable growth, avoiding a growth-at-all-costs mentality. We're investing in centers of excellence to optimize user acquisition costs. Additionally, we're utilizing emerging technologies like AI to enhance efficiency and productivity, ensuring margins remain stable despite rising costs.
5. Question from Abhisek Banerjee: "What is the potential of the Bigg Boss game you recently launched?"
Answer: It's early to assess potential revenue as we've just soft-launched Bigg Boss. Our collaboration between studios has enabled us to develop culturally relevant IPs. We believe this game, backed by India's large user base, will scale well, contributing positively to revenue in FY27, but initial traction is still being monitored.
| SBI Mutual Fund | 2.4% |
| Nitish Mittersain | 2.18% |
| M.Prasad & Co Limited | 1.92% |
| Nksquared | 1.89% |
| Junomoneta Finsol Private Limited | 1.7% |
| Kamath Associates | 1.62% |
| Cohesion Mk Best Ideas Sub-Trust | 1.56% |
| Parijata Trading Private Limited | 1.51% |
| Ram Babu Gupta | 1.5% |
| Timf Holdings | 1.3% |
| Emerging Investments Limited | 1.19% |
| Bellerive Capital (Bcp) 6 Limited | 1.15% |
| Barclays Wealth Trustees India Pvt Ltd | 1.08% |
Distribution across major stakeholders
Distribution across major institutional holders
| -8.10% |
| -26.40% |
| 19.99 |
| 2.55 |
| - |
| - |
| TANLA | TANLA PLATFORMS | 6.58 kCr | 4.3 kCr | -5.40% | -11.40% | 13.43 | 1.53 | - | - |
| DELTACORP | Delta Corp | 1.75 kCr | 750.92 Cr | -6.30% | -35.20% | 7.49 | 2.33 | - | - |
| ONMOBILE | OnMobile Global | 564.46 Cr | 609.3 Cr | -9.50% | -28.80% | 66.36 | 0.93 | - | - |
| 402 |
| 534 |
| 521 |
| 528 |
| 531 |
| 321 |
| Profit Before exceptional items and Tax | -98.7% | 15 | 1,097 | 55 | 11 | 26 | 23 |
| Exceptional items before tax | 99.8% | -1.09 | -914.7 | 0 | 0 | 0 | 0 |
| Total profit before tax | -92.8% | 14 | 182 | 55 | 11 | 26 | 23 |
| Current tax | 154.2% | 10 | 4.54 | 14 | 10 | 14 | 11 |
| Deferred tax | 52.5% | -5.33 | -12.32 | -19.32 | -18.18 | -2.6 | -6.88 |
| Total tax | 146.4% | 5.07 | -7.78 | -5.8 | -8.04 | 12 | 3.65 |
| Total profit (loss) for period | 122.4% | 8.84 | -33.93 | 51 | 4.07 | 14 | 16 |
| Other comp. income net of taxes | -74.4% | 8.18 | 29 | 29 | 2.57 | 6.42 | -2.12 |
| Total Comprehensive Income | 388.3% | 17 | -4.55 | 80 | 6.64 | 20 | 14 |
| Earnings Per Share, Basic | 60.5% | 0.27 | -0.85 | 3.865 | -0.11 | 1.92 | 1.435 |
| Earnings Per Share, Diluted | 60.5% | 0.27 | -0.85 | 3.865 | -0.11 | 1.92 | 1.435 |
| Other expenses |
| -71.1% |
| 40 |
| 136 |
| 47 |
| 43 |
| 20 |
| Total Expenses | -57.2% | 69 | 160 | 71 | 68 | 43 |
| Profit Before exceptional items and Tax | 133.3% | 32 | -91.98 | -21.2 | -34.6 | -0.85 |
| Total profit before tax | 133.3% | 32 | -91.98 | -21.2 | -34.6 | -0.85 |
| Current tax | 293.5% | 7.02 | 2.53 | 0 | 0.5 | 0.91 |
| Deferred tax | -316.6% | -3.31 | 2.99 | 2.8 | -1.3 | -2.58 |
| Total tax | -40% | 3.71 | 5.52 | 2.8 | -0.8 | -1.67 |
| Total profit (loss) for period | 127.4% | 28 | -97.5 | -24 | -33.8 | 0.82 |
| Other comp. income net of taxes | -26.5% | -0.24 | 0.02 | -0.2 | -0.2 | -0.65 |
| Total Comprehensive Income | 127.4% | 28 | -97.48 | -24.2 | -34 | 0.17 |
| Earnings Per Share, Basic | 109.3% | 1.75 | -7.035 | -1.835 | -1.35125 | 0.035625 |
| Earnings Per Share, Diluted | 109.3% | 1.75 | -7.035 | -1.835 | -1.35125 | 0.03525 |
| -39.9% |
| 1,291 |
| 2,147 |
| 1,063 |
| 566 |
| 656 |
| 582 |
| Loans, non-current | 12737.4% | 116 | 0.09 | 0.05 | 0.03 | 0.02 | 0.1 |
| Total non-current financial assets | -34.2% | 1,414 | 2,150 | 1,064 | 567 | 658 | 582 |
| Total non-current assets | -31.7% | 1,532 | 2,243 | 1,071 | 573 | 667 | 587 |
| Total assets | -15.9% | 2,304 | 2,738 | 1,721 | 1,628 | 1,001 | 926 |
| Total non-current financial liabilities | 92.9% | 28 | 15 | 1.43 | 2.78 | 4 | 0 |
| Provisions, non-current | 3.5% | 1.89 | 1.86 | 1.39 | 1.26 | 1.33 | 1.4 |
| Total non-current liabilities | 81.2% | 30 | 17 | 2.82 | 4.06 | 5.33 | 1.4 |
| Borrowings, current | - | 0 | 0 | 0 | 0 | 61 | 0 |
| Total current financial liabilities | -2.9% | 34 | 35 | 89 | 15 | 72 | 6.9 |
| Provisions, current | 1.5% | 0.34 | 0.33 | 0.65 | 0.74 | 0.78 | 0.6 |
| Current tax liabilities | 448.9% | 2.57 | 0.55 | 0 | 0 | 0 | 0 |
| Total current liabilities | -2.6% | 38 | 39 | 92 | 21 | 78 | 8.7 |
| Total liabilities | 19.6% | 68 | 57 | 95 | 25 | 83 | 10 |
| Equity share capital | 114.7% | 74 | 35 | 31 | 31 | 26 | 26 |
| Total equity | -16.6% | 2,236 | 2,681 | 1,626 | 1,603 | 918 | 916 |
| Total equity and liabilities | -15.9% | 2,304 | 2,738 | 1,721 | 1,628 | 1,001 | 926 |
| Net Cashflows From Operating Activities |
| -136.3% |
| -43.71 |
| -17.92 |
| -17.6 |
| -48 |
| - |
| Cashflows used in obtaining control of subsidiaries | - | 1,456 | 0 | 0 | 0 | - |
| Purchase of property, plant and equipment | 8270.7% | 68 | 0.18 | 0.9 | 0 | - |
| Proceeds from sales of intangible assets | - | 0 | 0 | 0 | -0.1 | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 25 | 0 | 0 | 0 | - |
| Interest received | 336.4% | 49 | 12 | 3.5 | 0.6 | - |
| Other inflows (outflows) of cash | 283% | 505 | -274.34 | 73 | -387.7 | - |
| Net Cashflows From Investing Activities | -216% | -1,147.24 | -362.4 | -24.2 | -320.8 | - |
| Proceeds from issuing shares | - | 853 | 0 | 42 | 318 | - |
| Repayments of borrowings | -113.8% | 0 | 8.25 | 0 | 0 | - |
| Payments of lease liabilities | 581.6% | 2.83 | 0.62 | 2.7 | 3.3 | - |
| Interest paid | -669.2% | 0 | 0.87 | 0 | 0 | - |
| Other inflows (outflows) of cash | -100.1% | 0 | 760 | 0 | 0 | - |
| Net Cashflows from Financing Activities | 13.4% | 850 | 750 | 39 | 314 | - |
| Effect of exchange rate on cash eq. | - | -0.07 | 0 | 0 | 0 | - |
| Net change in cash and cash eq. | -192.9% | -340.95 | 369 | -2.9 | -54.5 | - |
Analysis of Nazara Tech's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Gaming | 63.2% | 257 Cr |
| Ad tech | 28.4% | 115.4 Cr |
| eSports | 8.4% | 34 Cr |
| Total | 406.4 Cr |