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). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gaming, eSports, Ad tech. Diversified digital entertainment and gaming platform with globally distributed IP and growth-stage subsidiaries.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 622 | 1,091 | 1,138 | 1,624 | 1,829 |
| EBITDA (ex other income) | 86 | 101 | 98 | 122 | (667) |
| margin % | 13.8 | 9.3 | 8.6 | 7.5 | (36.5) |
| Owners' profit | 28 | 39 | 71 | 87 | 81 |
| EPS, as reported (₹) | 9.09 | 5.98 | 8.16 | 9.47 | 2.62 |
| ROE % · ROCE % | 4.2 · 5.7 | 4.7 · 6.8 | 3.2 · 4.6 | 1.6 · 2.7 | 2.3 · 9.2 |
| Debt / equity (x) | 0.00 | 0.02 | 0.00 | 0.04 | 0.03 |
| Cash from operations | 62 | 8 | 91 | 66 | 324 |
| Capex | (12) | (8) | (27) | (148) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 319 | 535 | 520 | 499 | 526 | 406 | 398 | 429 |
| Profit before tax | 23 | 26 | 11 | 55 | 182 | 14 | 73 | (18) |
| Net profit | 16 | 14 | 4 | 51 | (34) | 9 | 56 | (82) |
| EPS (₹) | 2.87 | 3.84 | (0.22) | 7.73 | (0.85) | 0.27 | 1.27 | (2.16) |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| (a) Gaming | 815 | 44.5 |
| (b) eSports | 273 | 14.9 |
| (c) Ad tech | 339 | 18.5 |
| Gaming | 257 | 14.0 |
| eSports | 34 | 1.9 |
| Ad tech | 115 | 6.3 |
| Total, before eliminations | 1,834 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NAZARA TECHNOLOGIES LTD ◆ |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Nazara launches first game adaptation inside Fortnite via UEFN | compliance | low | — | — |
| 5 Sept 2026 · Nazara trims preferential issue size after one allottee drops out | fund raising | high | — | — |
| 4 Sept 2026 · Nazara informs exchanges about AGM notice newspaper ad | compliance | minimal | — | — |
| 3 Sept 2026 · Nazara raises stake in Funky Monkeys subsidiary to 68.10% | strategic transactions | low | — | — |
| 3 Sept 2026 · Nazara Technologies files 27th Annual Report for FY 2025-26; AGM on Sep 25 | results | high | — | — |
| 3 Sept 2026 · Nazara 27th AGM notice and annual report filed for FY 2025-26 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Newspaper advertisement regarding Nazara Technologies 27th AGM | compliance | minimal | — | — |
| 3 Sept 2026 · Newspaper publication of 27th AGM notice - 25 Sep 2026 at 11:30 a.m. via VC | compliance | minimal | — | — |
| 31 Aug 2026 · Nazara Technologies EGM: All 3 resolutions passed, including preferential share issue | board shareholder meetings | medium | — | — |
| 30 Aug 2026 · Nazara EGM OKs preferential share issue, new independent director | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 13,649 |
| — |
| 3.84 |
| 23.6 |
| 2.3 |
| 8.6 |
| 32.1 |
| 7.8 |
| 7SEAS ENTERTAINMENT LIMITED | 233 | 103.1 | 7.95 | — | 7.6 | 7.5 | — | 20.9 |
| BODHI TREE MULTIMEDIA LTD | 134 | 16.4 | 1.54 | 9.9 | 9.1 | 12.6 | — | 13.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 3.8 | 1.1 | 40 of 47 | 15% |
| ROCE | 8.6 | 1.2 | 12 of 58 | 81% |
| ROE | 2.3 | 1.2 | 21 of 54 | 62% |
| Debt / Equity | 0.0 | 0.0 | 32 of 54 | 42% |
| EBITDA margin | 7.8 | 10.1 | 30 of 52 | 43% |
| Revenue growth | (14.0) | 0.6 | 31 of 49 | 38% |
| Profit growth | (260.6) | (18.0) | 45 of 50 | 10% |
| Market cap | 13649 | 79 | 2 of 58 | 98% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
