āagman

Not investment advice. Data and computed figures, for information only.

Nazara Technologies Ltd

NSE: NAZARA
₹406.70
+₹1.50 (+0.37%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹14,494 Cr
CMP
₹406.70
52-wk High / Low
₹410 / 216
P/B
4.0
Book Value
₹93.8
Div Yield
0.00%
ROCE
27.0%
ROE
30.6%
Face Value
₹2
D/E
0.06

Price+53.5% over 1Y

āagman read

Computed by āagman
Derived from 11 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹74
√(22.5 × EPS × book value per share)
ROIC
−7.0%
vs 6.8% sector median
Cash flow to profit
1.82
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,347
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
1.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.47FII +2.21DII +0.31
Latest quarter vs the previous one
Cash-accrual divergence
−1.5%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.4x)
+Price is within 10% of its 52-week high (-0.9%)
+Promoter holding rose by 14.9pp over the last year
+FII holding rose by 6.9pp over the last year
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales254297320266250319535520499526406398429
Expenses221271284265226295498491476690338354467
Operating Profit33273622424372923−1646844−38
OPM %13.0%9.1%11.3%0.8%9.6%7.5%6.9%5.6%4.6%−31.2%16.7%11.1%−8.9%
Other Income1214182126232299219010519
Interest1321123557464
Depreciation15151522152631376561604648
Profit before tax2823370342025−446−421442−80
Net Profit2124300241614451−34956−82
EPS (₹)0.740.750.880.280.740.720.900.181.85−0.790.271.27−2.16

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 11 years + TTM
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2111901721702474546221,0911,1381,6241,8291,759
Expenses1351291231542554155369891,0401,5091,8571,849
Operating Profit76614915−7398610299115−28−90
OPM %36.0%32.1%28.5%8.8%−2.8%8.6%13.8%9.3%8.7%7.1%−1.5%−5.1%
Other Income812−2616151424476580343259
Interest002111168112421
Depreciation118202735395767118231214
Profit before tax83721311−21177087896660−66
Net Profit656117−27145161755182−52
EPS (₹)40.3238.140.120.80−0.100.381.091.491.852.162.59−1.41

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital22111111121326313574—
Reserves1562213413964966461,0281,0781,9682,8283,399—
Borrowings00898143828219215—
Other Liabilities4142105922583593585557271,336654—
Total Liabilities2002654655097731,0181,4041,6982,7534,4184,342—
Fixed Assets221521373482964245836081,7311,431—
CWIP0011621001442—
Investments557798127581184423324391,3122,064—
Other Assets1421872142433616015377831,7061,362805—
Total Assets2002654655097731,0181,4041,6982,7534,4184,342—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5957319−2686289166149
Cash from Investing Activity−6−61−17−6018−271−329−89−612−1,139−634
Cash from Financing Activity−200376321733515946805361
Net Cash Flow33−524−35191468−66425−268−124

Ratios

As of 31 Mar 2026
11 periods
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—36.016.03.0−4.02.07.07.06.03.027.0
ROE %——————————30.6
EPS (₹)40.3238.140.120.80−0.100.381.091.491.852.162.59
Book Value (₹)——————————93.8
Face Value (₹)——————————2
P/E———————————
Div Yield %——————————0.00
NPM %29.730.20.73.8−10.33.07.95.46.23.03.8
OPM %36.032.028.09.0−3.09.014.09.09.07.0−1.5
D/E0.000.000.020.020.020.000.000.030.010.080.06
P/B——————————4.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+24.0%
5 years+32.0%
3 years+19.0%
TTM−6.0%
Compounded profit growth
10 years+31.0%
5 years+155.0%
3 years+194.0%
TTM−267.0%
Stock price CAGR
5 years+0.0%
3 years+21.0%
Last year+43.0%
Return on equity
10 years11.0%
5 years13.0%
3 years15.0%
Last year31.0%

Shareholding pattern

As of 30 Jun 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters20.70%20.70%20.70%19.32%19.05%16.43%8.78%35.45%33.98%
FIIs6.02%6.02%6.02%10.35%8.58%9.44%13.04%13.30%15.51%
DIIs8.12%8.12%8.12%3.89%8.19%16.80%12.44%2.16%2.47%
Government—————————
Public65.17%65.17%65.17%66.44%64.19%57.34%65.74%49.08%48.04%
No. of shareholders25,61025,61025,6101,52,4011,90,9091,69,4811,30,6721,00,1651,00,544
Change since Jun 2023 (pp)
Promoters +13.28FIIs +9.49DIIs −5.65Public −17.13

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingMar 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPT

Corporate actions

As of 26 Sep 2025
26 Sep 2025BONUSBonus 1:1—
26 Sep 2025SPLITFace Value Split (Sub-Division) - From Rs 4/- Per Share To Rs 2/- Per Share4 : 2
24 Jun 2022BONUSBonus 1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman