NAZARA · Nazara Technologies Ltd · Software & Programming
NAZARA · Nazara Technologies Ltd · Software & Programming
As of 11:45 am IST (delayed)
52-week range
3.0% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹429 Cr
Revenue YoY
PAT YoY
-216.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
6.2
P/S (TTM)
8.1
Sector P/E
Not available from data source
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NAZARA (this stock) | Not meaningful (earnings negative over the last 12 months) | 6.2 | -3.0% | -1.5% | 0.06 | 0.0% |
| Tata Consultancy Services | 15.7 | 7.7 | +18.1% | +48.0% | 8.93 | +2.9% |
| Infosys | 13.5 | 6.1 | +16.4% | +33.2% | 0.1 | +4.6% |
| HCL Technologies | 16.7 | 7.4 | +13.0% | +23.2% | 0.07 | +5.0% |
Promoter
falling 3q
FII
stable
MF
2.15% (0.00pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| NAZARA | 2026-05-15 | 12180744 | 5 | MEDIUM | BULK |
News timeline
- lowbusiness-standard.com· 26 Oct 2026, 10:16 amQ2 results: Paytm, REC, Tata Consumer Products among 98 firms on October 26
- loweconomictimes.indiatimes.com· 22 Oct 2026, 02:32 pmD-Street's margin-funded stock bets fall as smallcap rally falters
- lowinc42.com· 17 Sept 2026, 10:20 amRentoMojo Makes Strong Market Debut, Lists At Nearly 19% Premium
Concalls & investor presentations
AI-generatedKey takeaway: Nazara Technologies Limited reported strong financial results for Q2 FY27 and H1 FY27, with revenue reaching INR 803 crores and INR 1,232 crores respectively, reflecting a 53% year-on-year growth in Q2 and 20% growth in H1. EBITDA increased by 93% to INR 120 crores in Q2 and 52% to INR 166 crores in H1, with EBITDA margins expanding significantly. Gaming revenue grew 122% to INR 656 crores, contributing 82% of consolidated revenue, driven by mobile gaming, which saw a 167% increase. The integration of Bluetile and BestPlay, consolidated from August 2026, contributed INR 329 crores in revenue and INR 64 crores in EBITDA. Management emphasized enhancing the central platform with AI-driven capabilities across marketing, data, products, and technology, aiming to create a flexible, scalable platform. Strategic focus remains on gaming, with plans to launch new games and iterate on existing ones. The company also discussed future M&A opportunities and the need to balance growth between India and international markets. The CFO outlined the payment structure for the Bluetile and BestPlay acquisition, with $85.5 million already paid and the remainder to be funded through debt and internal accruals. The discussion concluded with management expressing confidence in the company's growth trajectory and strategic direction.
The document highlights strong revenue and EBITDA growth, successful integration of new acquisitions, and strategic investments in AI and platform development, indicating a positive outlook.
Sourced from an exchange-filed transcript, dated 30 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Nazara Technologies Limited held its Q1 FY27 earnings conference call on August 4, 2026, where management reported consolidated revenue of INR 429 crores and an EBITDA of INR 46 crores, with a PAT loss of INR 82 crores primarily due to share losses from associates. The gaming revenue grew 14% year-on-year to INR 275 crores, with all gaming businesses remaining EBITDA positive. Management highlighted a 19% revenue growth for Kiddopia and a 12% increase for Fusebox's Love Island game. The company announced an accelerated acquisition of Bluetile and BestPlay for $303 million, with plans to consolidate these businesses starting Q2 FY27. Management appointed Raymond Stauffer as the new CEO, effective September 1, 2026, and emphasized a focus on enhancing user acquisition and operational capabilities across its gaming portfolio. The call concluded with a Q&A session addressing various operational aspects and future strategies.
Management emphasized growth in revenue and strategic acquisitions.
Sourced from an exchange-filed transcript, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Nazara Technologies Limited reported significant growth in its Q4 and FY2025-26 results during the earnings conference call held on May 13, 2026. Management stated that revenue reached INR 1,829 crores, with EBITDA growing 66% to INR 255 crores, marking the highest EBITDA margin at 19.5% for Q4. The gaming segment's contribution to EBITDA increased from 56% to 90%, driven by acquisitions of Bluetile and BestPlay, which enhanced casual gaming capabilities. The company highlighted strong performance in mobile gaming, with revenue growing 38% year-on-year. Management noted that existing businesses like Kiddopia and Animal Jam showed positive trends, while NODWIN turned profitable after a previous loss. The call concluded with management expressing confidence in continued growth and margin expansion in FY27, supported by Centers of Excellence and AI integration across operations.
Management emphasized strong financial performance and growth prospects.
Sourced from an exchange-filed transcript, dated 19 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: In the earnings conference call held on February 4, 2026, Nazara Technologies reported Q3 FY '26 revenues of INR 406 crore, a decrease of 24.1% primarily due to the deconsolidation of NODWIN Esports. However, EBITDA increased by 29.4% to INR 67.8 crore, with margins expanding to 16.7%. For the first nine months of FY '26, revenue grew by 29.7% year-on-year to INR 1,431.2 crore, and EBITDA rose 73% to INR 177.2 crore. The gaming segment saw a 66% year-on-year revenue increase to INR 257 crore, while mobile gaming revenues rose 48% to INR 534.7 crore. Management highlighted the successful resumption of subscriber growth for Kiddopia and the launch of Animal Jam on Roblox. NODWIN reported strong operational performance, with a 58% year-on-year revenue increase. The management emphasized ongoing efforts in AI integration and disciplined capital allocation for future growth.
The management reported both challenges and successes in various segments.
Sourced from an exchange-filed transcript, dated 10 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedNazara Technologies Limited's FY2025-26 annual report highlights the company's transformation into a gaming-first global platform, with management stating that gaming contributes nearly 90% of EBITDA. The report emphasizes the establishment of Centres of Excellence (CoEs) across key functions like User Acquisition, Data Analytics, and AI, which have enhanced operational efficiency and collaboration. Management expects strategic acquisitions, including Bluetile and BestPlay, to bolster global scale and AI-native development capabilities. The company also underscores its strong international presence, with management stating that over 90% of gaming revenue is generated from international markets, particularly the US and UK.
- Establishment of Centres of Excellence (CoEs) to enhance operational efficiency and collaboration across User Acquisition, Data Analytics, AI, Growth, and Product.
- Strategic acquisitions of Bluetile and BestPlay to expand global scale and AI-native development capabilities.
- Strong international presence with management stating that over 90% of gaming revenue is from international markets, particularly the US and UK.
Key takeaway: Nazara Technologies is transitioning into a gaming-first global platform, leveraging Centres of Excellence and strategic acquisitions to enhance operational efficiency and global reach.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Default / Covenant Breach (2 items); Promoter Share Pledge (58.64% of promoter holding pledged)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
The auditor mentions show cause notices (SCNs) amounting to Rs. 27,421 Lakhs for one subsidiary and Rs. 84,572 Lakhs, Rs. 12,364 Lakhs, Rs. 33,318 Lakhs, and Rs. 906,652 Lakhs for four subsidiaries of an associate, related to Goods and Service Tax (GST) issues.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The Company extended an inter-corporate loan of ₹116 Crores to Smaaash towards settlement of the dues of its creditors.
Earlier (1-3 years ago)
The company has not granted any loans or advances in the nature of loans which have fallen due during the year. Further, no fresh loans were granted to any party to settle the overdue loans/advances in nature of loan that existed as at the beginning of the year.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
58.64% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18). Change vs the previous disclosure: increasing.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
As of March 31, 2026, the Holding Company has a contingent liability of ₹284 Lakhs in tax demand and ₹284 Lakhs in penalty under CGST Act, following an order from Additional Commissioner, CGST & C. Ex, Mumbai South Commissionerate. The company appealed but the appeal was rejected, and the company has filed an appeal before the Hon’ble GSTAT and paid the required pre-deposit.
The company has contingent liabilities from the GST department.
Earlier (1-3 years ago)
Nodwin Gaming Private Limited, a subsidiary, has a contingent liability of ₹183 Lakhs for income tax demand for Assessment Year 2021-22, which is being contested through an appeal to the Commissioner of Income Tax - Appeals (CIT-A).
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company made a donation to B.K.Goyal Heart Foundation, which is disclosed as a related party transaction in note 24.
Earlier (1-3 years ago)
The company has provided loans to Sports Unity Private Limited, Moong labs Technologies Private Limited, and Brandscale Innovations Private Limited, with amounts outstanding as of March 31, 2024.
Management & Board Governance
1 occurrenceRecent (last 12 months)
Mr. Rajiv Agarwal, a Non-Executive and Non-Independent Director, has resigned effective August 12, 2025.