Nazara Technologies Limited

NSE: NAZARA · Digital Entertainment

52W Range₹216 ₹1,453

Snapshot

Unlock Nazara Technologies Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nazara Technologies Limited is a diversified gaming and sports media platform operating across gamified early learning, esports, freemium, and skill-based real money gaming segments. The company manages a portfolio of intellectual properties including Kiddopia, Nodwin Gaming, and Sportskeeda, catering to both domestic and international markets.

Business Model

The company generates revenue through a multi-faceted model involving subscription-based services, in-game purchases, esports media rights, and skill-based gaming platforms. It leverages a diverse ecosystem of proprietary IPs to monetise user engagement across mobile and digital channels.

Growth Outlook

Growth is driven by the expansion of its esports media footprint and the scaling of its gamified early learning products. The company continues to focus on acquiring and developing high-engagement gaming IPs to capture the growing digital entertainment market.

Key Risks

  • Regulatory Risk. Changes in Indian government regulations regarding real-money gaming and fantasy sports could adversely impact revenue streams.
  • Market Competition. The digital entertainment sector is highly competitive, with constant pressure to innovate and retain users against global and local gaming platforms.
  • Dependency on IPs. The company's performance is heavily reliant on the continued popularity and performance of its core intellectual properties like Kiddopia and Nodwin.
  • Technological Obsolescence. Rapid shifts in consumer preferences and gaming technology require continuous investment to remain relevant in the fast-evolving mobile gaming landscape.

Price

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Key Metrics

REVENUE

₹1,829 Cr

TTM · consolidated

+12.6%YoY

NET PROFIT

₹82 Cr

TTM · consolidated

+42.2%YoY

EPS

₹6.74

TTM · consolidated

-37.8%YoY

RETURN ON EQUITY

2.7%

TTM · consolidated

+0.1 ppYoY

RETURN ON CAPITAL EMPLOYED

9.7%

TTM · consolidated

+5.8 ppYoY

P/E

45.7x

Q4 FY26 · consolidated

45.7 vs -11.1x5Y avg

EV/EBITDA

3.8x

Q4 FY26 · consolidated

3.8 vs -37.1x5Y avg

EBITDA MARGIN

81.6%

TTM · consolidated

+68.5 ppYoY

NET PROFIT MARGIN

14.0%

Q4 FY26 · consolidated

+13.2 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.02xYoY

Peers · Digital Entertainment

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nazara Technologies LimitedNAZARA
8,49645.703.7812.6%81.6%2.7%9.7%-77.7%
PVR INOX Ltd.PVRINOX
9,30360.774.4316.3%33.8%4.7%6.9%+2.7%
Tips Industries LimitedTIPSINDLTD
8,69529.5020.9%78.4%97.6%122.3%
TV18 Broadcast LimitedTV18BRDCST
7,84313.4%0.8%-4.9%-1.2%
Zee Entertainment Enterprises Ltd.ZEEL
6,70924.4411.8019.6%8.1%3.6%4.4%-26.6%
Saregama India Ltd.SAREGAMA
6,56545.7124.94-15.9%38.5%12.8%16.9%+1.9%

As of Q4 FY26

Financials