Nazara Technologies
Media · NSE
52W Low
₹216
+7.3% from low
52W High
₹363
-36.3% from high
Valuation Gauge
Current Price
₹232
Fair Value
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Fair Value Analysis
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Insufficient data to compute fair value | CAUTION: ROCE declining (latest 3.7%) — returns on capital are falling; verify this isn't a value trap. | Growth capped at 1.0% (ROE 0.9%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable. | COVID-resilient: PAT dropped from ₹7Cr (FY2019) to ₹-27Cr (FY2020) during COVID but has fully recovered.
Price vs Market
Shareholding Pattern
Stock Health Score
Solid Fundamentals
Profitability
ROE of 0.9% is below the Media sector benchmark of 15%
Debt & Leverage
D/E ratio of 0.1x is well within the Media sector norm of 0.8x — strong balance sheet
Valuation vs Peers
P/E of 479.0x is 2.9x the Media sector median of 166x — expensive
Cash Flow
Negative FCF of ₹-82 Cr — company is consuming more cash than it generates
Earnings Growth
5yr EPS CAGR of 38.7% is well above the Media sector average of 18.1% — strong growth
Dividend
No dividend — typical for growth-stage companies
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
-14.0%
Free cash flow / market cap
Revenue Growth (YoY)
-24.1%
Year-on-year revenue change
Profit Growth (YoY)
-35.4%
Year-on-year PAT change
Operating Cash Flow
₹66 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹0.5
P/E Ratio
479x
P/B Ratio
2.3x
ROE
0.9%
ROCE
2.5%
Debt / Equity
0.06x
Beta
-0.02
Div Yield
—
FCF (Cr)
₹-82 Cr
Revenue (Cr)
₹1,624 Cr
EPS Growth 5Y
38.7%
Mkt Cap (Cr)
₹8,703 Cr
52W High
₹363.3
52W Low
₹215.7
Book Value/Share
₹103.7
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹2.0K Cr | ₹-44 Cr | -2.0% | ₹30 Cr | ₹1.51 |
| 2025-03-31 | ₹1.6K Cr | ₹115 Cr | 7.0% | ₹51 Cr | ₹2.16 |
| 2024-03-31 | ₹1.1K Cr | ₹99 Cr | 9.0% | ₹75 Cr | ₹1.85 |
| 2023-03-31 | ₹1.1K Cr | ₹102 Cr | 9.0% | ₹61 Cr | ₹1.49 |
| 2022-03-31 | ₹622 Cr | ₹86 Cr | 14.0% | ₹51 Cr | ₹1.09 |
| 2021-03-31 | ₹454 Cr | ₹39 Cr | 9.0% | ₹14 Cr | ₹0.38 |
| 2020-03-31 | ₹248 Cr | ₹-7 Cr | -3.0% | ₹-27 Cr | ₹-0.10 |
| 2019-03-31 | ₹170 Cr | ₹15 Cr | 9.0% | ₹7 Cr | ₹0.80 |
| 2018-03-31 | ₹172 Cr | ₹49 Cr | 28.0% | ₹1 Cr | ₹0.12 |
| 2017-03-31 | ₹190 Cr | ₹61 Cr | 32.0% | ₹61 Cr | ₹38.14 |
| 2016-03-31 | ₹211 Cr | ₹76 Cr | 36.0% | ₹65 Cr | ₹40.32 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Media| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Premier Polyfilm Limited | ₹58.8 | ₹390.4 | +85.0% | 22.5 | 19.3% | UNDERVALUED |
Touchwood Entertainment Limited | ₹70 | ₹195.6 | +64.2% | 15.4 | 15.0% | FAIRLY_VALUED |
Tips Music Limited | ₹521.3 | ₹1,012.8 | +48.5% | 35.9 | 73.3% | UNDERVALUED |
Jagran Prakashan | ₹63.6 | ₹119.1 | +46.6% | 8.2 | 13.3% | FAIRLY_VALUED |
Bodhi Tree Multimedia Limited | ₹6.2 | ₹8.3 | +25.2% | 124.2 | 9.7% | FAIRLY_VALUED |
DB Corp (Dainik Bhaskar) | ₹199 | ₹250.3 | +20.5% | 11 | 19.4% | UNDERVALUED |
Saregama India | ₹318.9 | ₹352.6 | +9.6% | 32.1 | 13.3% | FAIRLY_VALUED |
Hindustan Media Ventures Limited | ₹63.8 | ₹56.4 | -13.1% | 6.8 | 2.7% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Company Documents
Annual reports, concall transcripts & regulatory filings
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Analyst Note
Today
Nazara Technologies trades at ₹231.5 with a caution-level valuation signal and low confidence in fair value estimation. The stock faces significant headwinds: revenue declined 24.1% and earnings fell 71.9% year-over-year, while free cash flow is deeply negative at ₹-82 Cr, indicating operational stress. Returns metrics are concerning with ROE at 0.9% and ROCE at just 2.5%, alongside deteriorating profitability quality. Sentiment remains neutral and stable, though the stock trades near 52-week lows, suggesting this is better suited for contrarian investors with high risk tolerance and a multi-year horizon.
What is Dalal Street saying?
r/IndiaInvestments · r/Dalal_Street_Investments · r/IndianStockMarket
No Reddit mentions found yet for NAZARA.
Telegram Channels
ET Markets · CNBC TV18 · Moneycontrol · Zee Business · NDTV Profit
No Telegram mentions found yet for NAZARA.
StockTwits
What traders are saying right now
No StockTwits activity found for NAZARA.
Search Interest
Google Trends · India · Last 90 days"Nazara Technologies"
Interest score (0 = low, 100 = peak)
90-day trend
Corporate Actions
Splits, bonuses & rights issues
| Type | Details | Ratio | Ex-Date |
|---|---|---|---|
| BONUS | Bonus — issue 1:1 | 1:1 bonus | 24 Jun 2022 |
| BONUS | Bonus — issue 1:1 | 1:1 bonus | 26 Sept 2025 |
Technical Pulse
Plain English — no jargon
Trading 16.5% below its 200-day average — stock has been in a steep downtrend.
RSI is 44 — neutral momentum, neither overbought nor oversold.
Below both 20-day and 50-day averages — no short-term recovery signal yet.
Some fundamental concerns combined with a downtrend — proceed with caution. Review the company's recent results before deciding.
Nazara Technologies Ltd Sees Mixed Technical Signals Amid Sideways Momentum - Markets Mojo
Nazara Technologies Schedules Investor Meeting with Dolat Capital for April 7, 2026 - scanx.trade
Nazara Technologies Reschedules Extra-Ordinary General Meeting to May 1, 2026 - scanx.trade
Nazara Technologies Schedules Investor Meeting With Dolat Capital in Mumbai - TipRanks
Nazara Technologies Ltd is Rated Sell - Markets Mojo
Nazara Technologies shares down 17 pc in 2026 so far - The Hans India
Nazara Technologies Invests ₹14.99 Crores in Rusk Media for Gaming Content Universe - scanx.trade
Nazara Technologies to raise ₹500 crore via preferential warrants - Business Standard
Nazara To Raise ₹500 Cr Via Preferential Issue - Inc42
Nazara Tech to raise Rs 500 crore for its global expansion efforts - Moneycontrol.com
Nazara Tech to raise Rs 500 crore for its global expansion efforts - Moneycontrol.com
Nazara Tech, TVS, HAL, other stocks in spotlight - Zee Business
Nazara Stock Falls 18% This Week; Suspends PokerBaazi Operations Post Online Gaming Ban - MSN
Nazara Stock Falls 18% This Week; Suspends PokerBaazi Operations Post Online Gaming Ban - MSN
Nazara Technologies Buys European Studios for AI Game Development - Whalesbook
New-age stocks lose ₹49,000 crore amid war jitters; Nazara Tech, Meesho, Nykaa, Eternal lead losses - Fortune India
Nazara Technologies Receives 9.90 Lakh Bonus Shares from Subsidiary Paper Boat Apps - scanx.trade
Nazara Technologies Board Meeting Scheduled for March 30, 2026 to Consider Fund Raising Proposal - scanx.trade
Nazara Technologies shares rise over 6% after board approves date to consider fundraise; check details - Upstox
Nazara Technologies Ltd Falls to 52-Week Low of Rs 216.35 as Sell-Off Deepens - Markets Mojo