Nazara Technologies Limited
Nazara Technologies Limited operates a gaming and sports media platform in India, Africa, the Middle East, the Asia Pacific, the United States, and internationally. It operates through gaming and other segments. The company offers subscription, download of games, and support services. It also provides interactive and online gaming, including gamified early learning ecosystems; e-sports; and advertising technology ecosystems. In addition, the company owns various IPs, including World Cricket Championship, Kiddopia, Animal Jam, Classic Rummy, Openplay, Halaplay, Nazara Telco Distribution, Nodwin, NODWIN Gaming, SportsKeeda, Ultimate Teen Patti, PokerBaazi, Crash Arena Turbo Stars, King of Thieves, Curve Games, Love Island, Big Brother, Fusebox Games, Funky Monkeys, Curve Games and Smaaash, Branded, Pro Football Network, Soap Central, Datawrkz, and Space and Time. The company was incorporated in 1999 and is based in Mumbai, India with additional offices in Dubai, United Arab Emirates and Singapore.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, May has averaged the highest return (+7.7%); Feb the lowest (-11.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.1%Positive MonthJan 2026: +4.09% | -6.9%Negative MonthFeb 2026: -6.92% | -12.3%Negative MonthMar 2026: -12.34% | +13.5%Positive MonthApr 2026: +13.54% | +7.6%Positive MonthMay 2026: +7.58% | +6.8%Positive MonthJun 2026: +6.84% | +0.4%*Neutral MonthJul 2026: +0.36% | β | β | β | β | β |
| 2025 | -7.1%Negative MonthJan 2025: -7.15% | -3.2%Negative MonthFeb 2025: -3.23% | +3.9%Positive MonthMar 2025: +3.86% | +7.0%Positive MonthApr 2025: +6.97% | +27.5%Positive MonthMay 2025: +27.52% | +0.4%Neutral MonthJun 2025: +0.42% | +4.1%Positive MonthJul 2025: +4.07% | -14.2%Negative MonthAug 2025: -14.24% | -12.0%Negative MonthSep 2025: -12.01% | +4.7%Positive MonthOct 2025: +4.71% | -4.3%Negative MonthNov 2025: -4.27% | +7.1%Positive MonthDec 2025: +7.11% |
| 2024 | +3.5%Positive MonthJan 2024: +3.54% | -15.8%Negative MonthFeb 2024: -15.76% | -10.3%Negative MonthMar 2024: -10.31% | -4.4%Negative MonthApr 2024: -4.37% | +9.5%Positive MonthMay 2024: +9.51% | +23.8%Positive MonthJun 2024: +23.78% | +4.6%Positive MonthJul 2024: +4.56% | +2.0%Neutral MonthAug 2024: +1.96% | +6.3%Positive MonthSep 2024: +6.28% | -4.2%Negative MonthOct 2024: -4.20% | +6.1%Positive MonthNov 2024: +6.15% | +1.4%Neutral MonthDec 2024: +1.39% |
| 2023 | +2.0%Neutral MonthJan 2023: +2.00% | -10.8%Negative MonthFeb 2023: -10.83% | -2.1%Negative MonthMar 2023: -2.09% | +6.7%Positive MonthApr 2023: +6.70% | +16.3%Positive MonthMay 2023: +16.28% | +13.0%Positive MonthJun 2023: +12.99% | -4.2%Negative MonthJul 2023: -4.24% | +12.2%Positive MonthAug 2023: +12.17% | +7.4%Positive MonthSep 2023: +7.40% | -3.1%Negative MonthOct 2023: -3.13% | -1.2%Neutral MonthNov 2023: -1.25% | +7.2%Positive MonthDec 2023: +7.23% |
| 2022 | -7.4%Negative MonthJan 2022: -7.42% | -18.9%Negative MonthFeb 2022: -18.94% | -4.8%Negative MonthMar 2022: -4.84% | -4.6%Negative MonthApr 2022: -4.63% | -22.2%Negative MonthMay 2022: -22.15% | +10.1%Positive MonthJun 2022: +10.07% | -20.8%Negative MonthJul 2022: -20.78% | +24.3%Positive MonthAug 2022: +24.29% | -0.9%Neutral MonthSep 2022: -0.87% | +0.9%Neutral MonthOct 2022: +0.89% | -10.4%Negative MonthNov 2022: -10.36% | -1.8%Neutral MonthDec 2022: -1.80% |
| 2021 | β | β | β | β | β | -11.4%Negative MonthJun 2021: -11.39% | +22.8%Positive MonthJul 2021: +22.85% | -1.1%Neutral MonthAug 2021: -1.07% | +24.9%Positive MonthSep 2021: +24.86% | +15.4%Positive MonthOct 2021: +15.41% | -15.7%Negative MonthNov 2021: -15.68% | +2.8%Positive MonthDec 2021: +2.82% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ34.00 Cr | β | βΉ28.00 Cr | β | β | 1.0% | 47.8% | -128.6% |
| Mar 2024 | βΉ23.00 Cr | β | βΉ-98.00 | β | β | -6.1% | 0.0% | 308.3% |
| Mar 2023 | βΉ23.00 Cr | β | βΉ-24.00 | β | β | -2.6% | 15.0% | -29.4% |
| Mar 2022 | βΉ20.00 Cr | β | βΉ-34.00 | β | β | -3.8% | -39.4% | -3500.0% |
| Mar 2021 | βΉ33.00 Cr | β | βΉ1.00 Cr | β | β | 0.2% | -28.3% | -85.7% |
| Mar 2020 | βΉ46.00 Cr | β | βΉ7.00 Cr | β | β | 2.0% | 7.0% | 250.0% |
| Mar 2019 | βΉ43.00 Cr | β | βΉ2.00 Cr | β | β | 0.8% | -34.8% | -120.0% |
| Mar 2018 | βΉ66.00 Cr | β | βΉ-10.00 | β | β | -4.5% | -14.3% | -211.1% |
| Mar 2017 | βΉ77.00 Cr | β | βΉ9.00 Cr | β | β | 9.8% | -34.2% | -71.9% |
| Mar 2016 | βΉ117.00 Cr | β | βΉ32.00 Cr | β | β | 42.7% | 154.3% | 220.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 31 | 46 | 117 | 77 | 66 | 43 | 46 | 33 | 20 | 23 | 23 | 34 | 58 |
| Total Expenses | 21 | 32 | 96 | 69 | 104 | 52 | 37 | 37 | 64 | 68 | 156 | 63 | 96 |
| EBIT / Operating Profit | 10 | 14 | 21 | 8 | -37 | -8 | 9 | -4 | -43 | -45 | -133 | -29 | -38 |
| OPM % | 32% | 30% | 18% | 10% | -56% | -19% | 21% | -13% | -211% | -196% | -569% | -84% | -65% |
| Other Income | 1 | 2 | 24 | 6 | 35 | 12 | 7 | 9 | 13 | 27 | 45 | 66 | -891 |
| Finance Costs | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 1 | 2 |
| Depreciation & Amortisation | 0 | 0 | 1 | 1 | 1 | 1 | 5 | 5 | 4 | 3 | 2 | 5 | 15 |
| Profit Before Tax | 10 | 15 | 44 | 13 | -4 | 3 | 10 | -1 | -35 | -21 | -92 | 32 | -946 |
| Tax % | 34% | 31% | 27% | 30% | 174% | 29% | 34% | -189% | -2% | 13% | 6% | 12% | - |
| Net Profit / PAT | 7 | 10 | 32 | 9 | -10 | 2 | 7 | 1 | -34 | -24 | -98 | 28 | -934 |
| EPS (βΉ) | 10.10 | 15.04 | 20.07 | 5.78 | -0.48 | 0.10 | 0.31 | 0.03 | -1.30 | -0.91 | -3.18 | 0.80 | -25.18 |
| Dividend Payout % | 0% | 0% | 62% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Nazara Technologies Limitedthis co. | βΉ9.79 K Cr | βΉ34.00 Cr | 370.00 | 4.37 | -109.21 | 47.8% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |
