Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 297 | 320 | 266 | 250 | 319 | 535 | 520 | 499 | 526 | 406 | 398 | 429 |
| Expenses | 271 | 284 | 265 | 226 | 295 | 498 | 491 | 476 | 690 | 338 | 354 | 467 |
| Operating Profit | 27 | 36 | 2 | 24 | 24 | 37 | 29 | 23 | -164 | 68 | 44 | -38 |
| OPM % | 9% | 11% | 0.6% | 10% | 8% | 7% | 6% | 4.7% | -31% | 17% | 11% | -9% |
| Other Income | 14 | 18 | 21 | 26 | 23 | 22 | 9 | 92 | 190 | 10 | 51 | 9 |
| Interest | 3 | 2 | 1 | 1 | 2 | 3 | 5 | 5 | 7 | 4 | 6 | 4 |
| Depreciation | 15 | 15 | 22 | 15 | 26 | 31 | 37 | 65 | 61 | 60 | 46 | 48 |
| Profit before tax | 23 | 37 | 0 | 34 | 20 | 25 | -4 | 46 | -42 | 14 | 42 | -80 |
| Tax % | -6% | 21% | -200% | 31% | 18% | 46% | -203% | -13% | -19% | 36% | -31% | 3% |
| Net Profit | 24 | 30 | 0 | 24 | 16 | 14 | 4 | 51 | -34 | 9 | 56 | -82 |
| EPS in Rs | 0.75 | 0.88 | 0.28 | 0.74 | 0.72 | 0.90 | 0.18 | 1.85 | -0.79 | 0.27 | 1.27 | -2.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 211 | 190 | 172 | 170 | 247 | 454 | 622 | 1,091 | 1,138 | 1,624 | 1,829 | 1,759 |
| Expenses | 135 | 129 | 123 | 154 | 255 | 415 | 536 | 989 | 1,040 | 1,509 | 1,857 | 1,849 |
| Operating Profit | 76 | 61 | 49 | 15 | -7 | 39 | 86 | 102 | 99 | 115 | -28 | -90 |
| OPM % | 36% | 32% | 28% | 9% | -3.0% | 9% | 14% | 9% | 9% | 7% | -1.5% | -5% |
| Other Income | 8 | 12 | -26 | 16 | 15 | 14 | 24 | 47 | 65 | 80 | 343 | 259 |
| Interest | 0 | 0 | 2 | 1 | 1 | 1 | 1 | 6 | 8 | 11 | 24 | 21 |
| Depreciation | 1 | 1 | 8 | 20 | 27 | 35 | 39 | 57 | 67 | 118 | 231 | 214 |
| Profit before tax | 83 | 72 | 13 | 11 | -21 | 17 | 70 | 87 | 89 | 66 | 60 | -66 |
| Tax % | 22% | 15% | 92% | 38% | 28% | 18% | 27% | 29% | 16% | 23% | -36% | |
| Net Profit | 65 | 61 | 1 | 7 | -27 | 14 | 51 | 61 | 75 | 51 | 82 | -52 |
| EPS in Rs | 40.32 | 38.14 | 0.12 | 0.80 | -0.10 | 0.38 | 1.09 | 1.49 | 1.85 | 2.16 | 2.59 | -1.41 |
| Dividend Payout % | 31% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 24% | 32% | 19% | -6% | ||
| Compounded Profit Growth | 31% | 155% | 194% | -267% | ||
| Stock Price CAGR | % | 6% | 23% | 53% | ||
| Return on Equity | 11% | 13% | 15% | 31% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 11 | 11 | 11 | 12 | 13 | 26 | 31 | 35 | 74 |
| Reserves | 156 | 221 | 341 | 396 | 496 | 646 | 1,028 | 1,078 | 1,968 | 2,828 | 3,399 |
| Borrowings | 0 | 0 | 8 | 9 | 8 | 1 | 4 | 38 | 28 | 219 | 215 |
| Other Liabilities | 41 | 42 | 105 | 92 | 258 | 359 | 358 | 555 | 727 | 1,336 | 654 |
| Total Liabilities | 200 | 265 | 465 | 509 | 773 | 1,018 | 1,404 | 1,698 | 2,753 | 4,418 | 4,342 |
| Fixed Assets | 2 | 2 | 152 | 137 | 348 | 296 | 424 | 583 | 608 | 1,731 | 1,431 |
| CWIP | 0 | 0 | 1 | 1 | 6 | 2 | 1 | 0 | 0 | 14 | 42 |
| Investments | 55 | 77 | 98 | 127 | 58 | 118 | 442 | 332 | 439 | 1,312 | 2,064 |
| Other Assets | 142 | 187 | 214 | 243 | 361 | 601 | 537 | 783 | 1,706 | 1,362 | 805 |
| Total Assets | 200 | 265 | 465 | 509 | 773 | 1,018 | 1,404 | 1,698 | 2,753 | 4,418 | 4,342 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 59 | 57 | 3 | 19 | -2 | 68 | 62 | 8 | 91 | 66 | 149 |
| Cash from Investing Activity | -6 | -61 | -17 | -60 | 18 | -271 | -329 | -89 | -612 | -1,139 | -634 |
| Cash from Financing Activity | -20 | 0 | 37 | 6 | 3 | 217 | 335 | 15 | 946 | 805 | 361 |
| Net Cash Flow | 33 | -5 | 24 | -35 | 19 | 14 | 68 | -66 | 425 | -268 | -124 |
| Free Cash Flow | 57 | 56 | 1 | 13 | -9 | 66 | 51 | -0 | 64 | -82 | 36 |
| CFO/OP | 99% | 117% | 42% | 220% | -67% | 216% | 94% | 33% | 133% | 103% | -680% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 50 | 91 | 96 | 101 | 55 | 50 | 62 | 88 | 129 | 75 |
| Inventory Days | 10 | ||||||||||
| Days Payable | 1,092 | ||||||||||
| Cash Conversion Cycle | 58 | 50 | 91 | 96 | 101 | 55 | 50 | 62 | -994 | 129 | 75 |
| Working Capital Days | 33 | 42 | 72 | 92 | 19 | -9 | 6 | 22 | 26 | -38 | -20 |
| ROCE % | 36% | 16% | 3% | -4% | 2% | 7% | 7% | 6% | 3% | 27% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 17.16% | 16.43% | 10.05% | 10.05% | 9.00% | 8.78% | 8.30% | 35.45% | 35.45% | 35.45% | 34.25% | 33.98% |
| FIIs | 10.46% | 9.44% | 6.05% | 9.71% | 11.59% | 13.04% | 12.98% | 12.63% | 11.98% | 13.30% | 13.23% | 15.51% |
| DIIs | 15.90% | 16.80% | 16.76% | 12.21% | 13.51% | 12.44% | 9.80% | 7.18% | 3.62% | 2.16% | 2.39% | 2.47% |
| Public | 56.48% | 57.34% | 67.13% | 68.03% | 65.90% | 65.74% | 68.90% | 44.73% | 48.95% | 49.08% | 50.13% | 48.04% |
| No. of Shareholders | 1,71,497 | 1,69,481 | 1,60,164 | 1,44,688 | 1,36,931 | 1,30,672 | 1,19,223 | 1,11,197 | 1,04,879 | 1,00,165 | 1,01,367 | 1,00,544 |
Fundamentals
Market Cap₹ 14,907 Cr.
Current Price₹ 388
Book Value₹ 93.8
ROCE27.1 %
ROE30.6 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)-267%
Consolidated figures.
Valuation
Market capRs 14,252 Cr
Enterprise valueRs 14,212 Cr
Price to book4.10x
Price to sales8.10x
EV / EBITDA84.05x
EV / sales8.08x
Price to cash flow95.89x
Earnings yield-0.37%
P/E, 3-year average46.72x
P/B, 3-year average1.28x
P/E, 5-year average37.08x
P/B, 5-year average1.05x
Profitability
Operating margin (excl. other income)-1.54%
Operating margin (incl. other income)17.20%
EBITDA margin9.61%
Pre-tax margin-3.73%
Net profit margin-2.98%
Net margin, latest quarter-18.64%
ROE3.03%
ROCE2.48%
ROA2.19%
ROE, 3-year average3.26%
ROCE, 3-year average3.87%
ROA, 3-year average2.28%
ROE, 5-year average3.36%
ROCE, 5-year average5.68%
ROA, 5-year average2.35%
ROIC (approx.)-1.77%
Tax rate-36.14%
Other income / net worth9.87%
Growth
Sales growth (latest year)12.63%
Profit growth (latest year)26.42%
Sales CAGR, 3 years18.79%
Sales CAGR, 5 years32.13%
Profit CAGR, 3 years34.50%
Profit CAGR, 5 years59.66%
Sales growth QoQ7.79%
Profit growth QoQ-270.19%
Sales growth YoY (latest quarter)-14.03%
Profit growth YoY (latest quarter)-216.88%
Per share
EPS (TTM)Rs -1.42
EPS (latest year)Rs 2.59
EPS (latest quarter)Rs -2.16
EPS, 3-year averageRs 6.21
EPS, 5-year averageRs 6.66
Book value per shareRs 93.76
Sales per shareRs 47.48
Cash flow per shareRs 4.01
Free cash flow per shareRs 0.97
Efficiency
Asset turnover0.42x
Fixed asset turnover1.28x
Inventory turnover138.36x
Inventory days3 days
Debtor days75 days
Debtors turnover4.86x
Creditor days1092 days
Cash conversion cycle75 days
Working capital days-20 days
Leverage
Total debtRs 215 Cr
Cash and bankRs 255 Cr
Net debtRs -40 Cr
Debt to equity0.06x
Net debt / EBITDA-0.24x
Interest coverage-2.14x
Current ratio (filing 2026-03-31)2.05x
Quick ratio (filing 2026-03-31)2.04x
Trade payables (filing 2026-03-31)Rs 376 Cr
Owners' fund to total sources79.99%
Debt to assets4.95%
Cash flow
Cash from Operating Activity (latest year)Rs 149 Cr
Cash from Investing Activity (latest year)Rs -634 Cr
Cash from Financing Activity (latest year)Rs 361 Cr
Net Cash Flow (latest year)Rs -124 Cr
Free cash flow (latest year)Rs 36 Cr
FCFE (approx.: FCF + change in debt)Rs 32 Cr
Cash from ops / profit, 5 years1.18x
Sales to cash flow12.31x
Statement figures
Net sales (TTM)Rs 1,759 Cr
Net sales (latest year)Rs 1,829 Cr
Sales (latest quarter)Rs 429 Cr
Operating profit excl. other income (latest year)Rs -28 Cr
Operating profit (latest quarter)Rs -38 Cr
Other income (TTM)Rs 259 Cr
EBITDA (TTM)Rs 169 Cr
PBDT (TTM)Rs 148 Cr
Profit before tax (TTM)Rs -66 Cr
Tax (latest year)Rs -22 Cr
Net profit (TTM)Rs -52 Cr
Net profit (latest year)Rs 96 Cr
Net profit (latest quarter)Rs -80 Cr
Depreciation (TTM)Rs 214 Cr
Depreciation (latest quarter)Rs 48 Cr
Interest (TTM)Rs 21 Cr
Cost of goods sold (latest year)Rs 475 Cr
Total expenditure (latest year)Rs 1,857 Cr
Total income (latest year)Rs 2,172 Cr
Share capitalRs 74 Cr
ReservesRs 3,399 Cr
Shareholders' fundsRs 3,473 Cr
Total assetsRs 4,342 Cr
Net blockRs 1,431 Cr
Capital work in progressRs 42 Cr
InvestmentsRs 2,064 Cr
ReceivablesRs 376 Cr
InventoryRs 3 Cr
Other liabilitiesRs 654 Cr
Shares outstanding (crore)37.05
Ownership
Promoter holding33.98% (-1.47 in a year)
Promoter pledge flagYes, NSE list
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 4.10 is at the 21th percentile (median 5.25).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | NAZARA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.7% | -2.8% | +5.5 pts |
| 1 month | +4.6% | -6.8% | +11.4 pts |
| 3 months | +25.9% | -7.6% | +33.5 pts |
| 6 months | +65.1% | +0.4% | +64.7 pts |
| 1 year | +37.9% | -9.9% | +47.8 pts |
| 2 years | +46.6% | -13.6% | +60.2 pts |
| 3 years | +84.1% | +14.2% | +69.9 pts |
| 5 years | +32.3% | +27.9% | +4.4 pts |
11 mutual fund schemes hold about ₹302 Cr.
Over three months 1 bought more and 5 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bandhan Small Cap Fund | 0.53% | 182 | -19% |
| Bajaj Finserv Flexi Cap Fund | 0.57% | 47 | -12% |
| UTI Innovation Fund | 3.29% | 26 | -11% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.88% | 22 | -9% |
| HDFC Large & Mid Cap Fund | 0.04% | 13 | -6% |
| Bajaj Finserv Small Cap Fund | 0.43% | 11 | +8% |
| Groww Nifty Total Market Index Fund | 0.04% | 0 | -4% |
| Angel One Nifty Total Market Index Fund | 0.04% | 0 | -4% |
| Motilal Oswal BSE 1000 Index Fund | 0.04% | 0 | -5% |
| Mirae Asset Nifty Total Market Index Fund | 0.04% | 0 | -4% |
| Bandhan Nifty Total Market Index Fund | 0.04% | 0 | -4% |
Red flags
F-score 6 of 8| explain | Share dilution Share count up 6% in a year, 40% in three |
| explain | Promoter pledge (NSE list) Promoter shares on the NSE pledge list |
| look | Profit leans on other income Other income was 569% of pre-tax profit in 2026 |
| look | Auditor change Auditor change 2026-05-12: Nazara Technologies Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | On NSE surveillance On NSE surveillance: Pledge |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹429 Cr -14.0% vs Jun 2025.
Net loss ₹82 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| 7Seas Entertainment Ltd | 230 | 96.2 | 9.16 % |
| B.A.G. Convergence Ltd | 220 | 20.5 | 33.0 % |
| Bodhi Tree Multimedia Ltd | 128 | 19.4 | 16.7 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2025-09-26 | Face Value Split (Sub-Division) - From Rs 4/- Per Share To Rs 2/- Per Share | 0.5000 |
| 2025-09-26 | Bonus 1:1 | 0.5000 |
| 2022-06-24 | Bonus 1:1 | 0.5000 |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
| Trade date | Shares sold short |
|---|---|
| 2026-09-29 | 20 |
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Pledge: stage 1
Quick answers
What is the market cap of Nazara Technologies Ltd?
Nazara Technologies Ltd (NAZARA) has a market capitalisation of Rs 14,907 Cr. at the 2026-10-01 close.
What were Nazara Technologies Ltd's latest quarterly results?
In the Jun 2026 quarter, Nazara Technologies Ltd sales was Rs 429 Cr (-14.0% vs Jun 2025) with a net loss of Rs 82 Cr.
What is the 52-week high and low of Nazara Technologies Ltd?
The 52-week high is Rs 401.90 and the 52-week low is Rs 215.70.