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Companies›Consumer Discretionary›Media Entertainment & Publication›Entertainment
NSE:NAZARA

NAZARA TECHNOLOGIES LTD

Media Entertainment & Publication › Entertainment·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKETNIFTY MEDIA
₹402.15
at close · 27 Oct 2026
▼ 0.25 (-0.06%)

Latest filings

  1. ICRA reports no deviation in preferential issue proceeds for Q2 FY27 · Compliance
  2. Nazara Q2 FY27 EBITDA rises 93% with Bluetile included · Investor Communications
  3. Nazara posts record Q2FY27 revenue of INR 803 crore · Compliance
All filings ↓
Ask Nexa about NAZARA TECHNOLOGIES LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates a diversified gaming and digital entertainment platform spanning mobile games, PC and console publishing, eSports, and ad-tech. In FY26, the gaming segment generated revenue of INR 1,072 crore, up 107% year-on-year, with mobile gaming at INR 713 crore and PC/console publishing at INR 261 crore at a 39% EBITDA margin; the IP Human Fall Flat crossed 58 million lifetime units globally. The eSports business, anchored by associate NODWIN, swung from a INR 14 crore EBITDA loss in FY25 to a INR 21 crore profit in FY26 and is preparing for an IPO, while the AdTech segment grew 32% year-on-year. Total FY26 revenue was INR 1,829 crore (+13% YoY) with EBITDA of INR 255 crore (+66% YoY); gaming now contributes 90% of EBITDA versus 56% in FY25. The company is closing its largest acquisition, Bluetile (CY25 revenue INR 1,460 crore, EBITDA INR 254 crore), which consolidates from Q1 FY27. Costs are dominated by other operating expenses (67.7% of revenue) and employee costs (17.2% of revenue).

Operating scale
Gaming segment revenue (FY26)
INR 1,072 crore (+107% YoY)FY26
Mobile gaming revenue
INR 713 crore (+38% YoY)FY26
PC and console publishing revenue
INR 261 crore at 39% EBITDA marginFY26
Human Fall Flat lifetime units
58 millionFY26
NODWIN EBITDA turnaround
INR 21 crore profit (vs INR 14 crore loss in FY25)FY26
Bluetile acquisition (CY25)
Revenue INR 1,460 crore; EBITDA INR 254 croreCY25
Who pays it
Mobile and PC/console gamers globally, eSports audiences and tournament participants, plus advertisers and brands using the ad-tech platform.
Biggest cost
Other operating expenses at 67.7% of revenue (FY26), which includes platform fees paid to app stores and user-acquisition costs; employee costs add 17.2% of revenue.
Kind of business
Diversified digital entertainment and gaming platform with globally distributed IP and growth-stage subsidiaries.
Where it sits
Listed Indian gaming and digital entertainment company that publishes global IPs (Human Fall Flat) and holds a controlling stake in NODWIN Gaming; FY26 revenue INR 1,829 crore with EBITDA INR 255 crore.
Market Cap
₹14,900 Cr
P / E (TTM)
—
EV / EBITDA
30.6×
Div Yield
—
Growth
32.1%▲
Revenue 5y CAGR
PAT +43.1% · EBITDA +59.7%
Quality
5.7%·
ROCE (5y median)
ROE 3.2% (5y median) · margin 31.5%
Leverage
0.03·
Debt / Equity · low
Net cash ₹63 Cr
Revenue FY21→FY26
4.0×▲
Margin +1.5 pts
₹454 Cr → ₹1,829 Cr
Cash conversion
1.72×▲
Operating cash ÷ profit · 5 yrs
₹550 Cr on ₹320 Cr
Moves on a normal day
1.15%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 58 Entertainment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#40/47
ROCE#10/55
ROE#17/47
Debt / Equity#25/47
EBITDA margin#30/52
Revenue growth#31/49
Profit growth#45/50

Scorecard

Measured from the filed financials, judged against its Entertainment peers · as of FY26 — not investment advice

Strengths
Revenue compounding 32% a year over 5 years
Profit compounding 43% a year over 5 years
Over 5 years it reported ₹320 Cr of profit and ₹550 Cr of operating cash — 1.72×
Profit is converting into cash
Concerns
Returns on capital 5.7% (5-year median)
#10 of 55 in Entertainment on the latest reported figures · up from 2.5% in FY21
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

NAZARA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from NAZARA TECHNOLOGIES LTD's filed financials and exchange disclosures

What does NAZARA TECHNOLOGIES LTD do?

NAZARA TECHNOLOGIES LTD is a Entertainment company listed on NSE and BSE, trading under the symbol NAZARA.

Is NAZARA TECHNOLOGIES LTD profitable?

No. Over the trailing twelve months NAZARA TECHNOLOGIES LTD reported a net loss of ₹52 Cr on revenue of ₹1,759 Cr.

Does NAZARA TECHNOLOGIES LTD pay a dividend?

Not in the latest reported year — NAZARA TECHNOLOGIES LTD's dividend payout for FY26 was nil.

Is NAZARA TECHNOLOGIES LTD debt-free?

On a net basis, yes. It reported borrowings of ₹112 Cr on its 31 Mar 2026 balance sheet, but holds ₹63 Cr more cash than debt.

How much does the NAZARA TECHNOLOGIES LTD share price move in a day?

On a typical session NAZARA TECHNOLOGIES LTD moves 1.15% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track NAZARA TECHNOLOGIES LTD's announcements?

Every NSE and BSE filing by NAZARA TECHNOLOGIES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.