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Nazara Technologies Ltd.

ITIT - Software

www.nazara.com BSE: 543280NSE: NAZARA

₹387.20BSE1.99%

22 Oct, 4:01 PM

₹387.20

₹15.86K Cr

0.00

3.79

2.12%

₹397.95

₹384.20

₹419.90

₹216.00

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Price Performance

Peer Comparison

Name
TCS LTD. TCS	2,503.00	17.55	9,05,607.31	4.39	13,934.00	14.86%	73,188.00	11.23%	66.25
INFOSYS LTD INFY	1,151.00	15.42	4,67,107.63	4.17	7,775.00	12.29%	48,211.00	14.03%	42.84
HCL TECHNO HCLTECH	1,426.00	21.12	3,86,968.64	3.79	5,132.00	21.15%	35,620.00	11.51%	31.20
WIPRO LTD. WIPRO	190.00	14.29	1,88,197.19	5.79	3,199.70	-1.92%	24,752.70	9.06%	18.49
TECH MAH TECHM	1,825.00	32.37	1,78,887.42	2.79	1,609.70	33.95%	16,180.20	15.61%	23.04
LTM LTM	4,274.00	24.26	1,26,784.50	1.75	1,379.90	-0.09%	11,807.60	13.60%	30.25
PERSISTENT PERSISTENT	5,745.00	50.38	90,857.18	0.70	351.51	-25.44%	4,663.90	30.25%	35.09
Nazara Technologies Ltd. NAZARA	387.20	0.00	15,856.90	0.00	-82.47	-260.63%	428.77	-14.03%	2.10

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	266.21	250.08	318.94	534.69	520.20	498.77	526.46	405.97	397.78	428.77
Expenses	262.64	225.18	293.78	497.63	485.63	451.33	466.66	338.24	323.74	404.10
	3.57	24.90	25.16	37.06	34.57	47.44	59.80	67.73	74.04	24.67
	1.34%	9.96%	7.89%	6.93%	6.65%	9.51%	11.36%	16.68%	18.61%	5.75%
	37.69	25.57	25.31	21.94	18.71	77.10	189.76	10.25	50.69	8.78
Interest	0.82	0.57	1.75	2.81	4.80	5.15	6.77	4.34	6.23	3.56
	21.50	15.20	25.74	30.52	37.29	64.52	60.82	59.70	45.52	47.71
	16.93	34.03	21.75	25.32	5.74	30.62	-41.71	13.91	42.46	-80.23
	-0.71%	30.59%	16.78%	45.97%	-140.07%	-18.94%	18.65%	36.45%	-31.18%	-2.79%
	-8.52	22.63	21.97	30.68	6.63	68.39	-29.35	9.84	46.96	-79.92
	-1.11	2.96	2.87	3.59	0.76	7.38	-0.79	0.27	1.27	-2.16

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	621.70	1,091.02	1,138.28	1,623.91	1,828.98
Operating Income (Net)	621.70	1,091.02	1,138.28	1,623.91	1,828.98
EXPENDITURE :
Stock Adjustments	-1.20	-18.26	-11.65	-0.11	-3.73
Raw Material Consumed	1.20	72.47	91.93	40.18	31.57
Power & Fuel Cost				0.52	5.97
Employee Cost	88.10	149.01	186.00	287.44	314.47
Cost of Software developments	139.60	387.90	390.01	510.57	438.61
General and Administration Expenses	33.20	70.24	89.98	128.06	142.97
Selling and Marketing Expenses	252.10	303.69	248.78	487.87	625.38
Miscellaneous Expenses	22.20	23.54	51.51	46.70	23.42
	535.20	988.59	1,046.56	1,501.23	1,578.66
Operating Profit (Excl OI)	86.50	102.43	91.72	122.68	250.32
	24.10	49.48	88.59	91.53	1,243.58
	110.60	151.91	180.31	214.21	1,493.90
Interest	1.20	5.96	7.87	10.95	23.80
PBDT	109.40	145.95	172.44	203.26	1,470.10
	39.00	57.15	66.99	117.69	230.56
Profit Before Taxation & Exceptional Items	70.40	88.80	105.45	85.57	1,239.54
Exceptional Income / Expenses					-915.79
	69.90	88.80	103.44	77.87	45.27
Provision for Tax	19.20	25.42	13.98	15.34	-21.75
	50.70	63.38	89.46	62.53	67.02
Extra items				-11.57	14.92
Minority Interest	-22.30	-21.99	-18.18	24.86	13.91
Consolidated Net Profit	28.40	39.39	56.57	75.82	95.85
Profit Balance B/F	215.80	129.41	134.64	237.17	46.81
Appropriations	244.20	168.80	191.21	312.99	142.66
	8.74	5.95	7.39	8.65	2.59
Adjusted EPS	1.09	1.49	1.85	2.16	2.59

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	13.00	26.47	30.62	35.05	74.10
Share Warrants & Outstandings	12.10		1.67	0.28	2.02
Total Reserves	1,016.20	1,078.42	1,966.31	2,827.72	3,397.37
Reserve excluding Revaluation Reserve	1,016.20	1,078.42	1,966.31	2,827.72	3,397.37
	1,041.30	1,104.89	1,998.60	2,863.05	3,473.49
Minority Interest	157.00	211.74	335.95	374.29	78.21
Secured Loans					3.07
Unsecured Loans				91.94	45.70
Deferred Tax Assets / Liabilities	26.40	36.68	18.68	85.23	57.78
Other Long Term Liabilities	1.00	5.15	12.69	59.20	70.62
Long Term Provisions	5.10	5.25	5.32	7.13	8.13
Total Non-Current Liabilities	32.50	47.08	36.69	243.50	185.30
Trade Payables	49.90	198.22	240.07	547.24	376.37
Other Current Liabilities	110.00	93.36	121.87	318.45	159.39
Short Term Borrowings		30.42	9.28	49.33	62.74
Short Term Provisions	13.20	12.33	10.89	10.89	6.92
Total Current Liabilities	173.10	334.33	382.11	925.91	605.42
Total Liabilities	1,403.90	1,698.04	2,753.43	4,418.22	4,342.42
Gross Block	548.80	755.18	860.80	2,086.69	1,869.51
Less: Accumulated Depreciation	124.50	172.30	233.36	355.74	438.12
Less: Impairment of Assets	0.30		19.33
Net Block	424.00	582.88	608.11	1,730.95	1,431.39
Capital Work in Progress					1.15
Non Current Investments	32.50	65.17	214.67	1,117.39	1,584.49
Long Term Investment	32.50	65.17	214.67	1,117.39	1,584.49
Long Term Loans & Advances	30.10	19.99	8.16	31.43	45.16
Other Non Current Assets	0.80	32.37	24.49	12.85	0.59
Total Non-Current Assets	488.50	700.60	855.43	2,906.54	3,104.03
Currents Investments	409.30	266.78	224.17	194.42	479.21
Inventories	1.30	24.55	2.11	2.52	3.43
Sundry Debtors	84.70	186.05	274.93	575.99	376.22
Cash and Bank	322.80	329.24	1,209.71	458.17	255.12
Other Current Assets	50.90	135.78	85.77	57.57	43.74
Short Term Loans and Advances	46.40	55.04	100.13	119.06	80.67
Total Current Assets	915.40	997.44	1,896.82	1,407.73	1,238.39
Net Current Assets (Including Current Investments)	742.30	663.11	1,514.71	481.82	632.97
Total Assets	1,403.90	1,698.04	2,753.43	4,418.22	4,342.42
Contingent Liabilities			2.76	1,135.09	286.71
Total Debt	0.00	30.42	9.28	141.27	111.51
	316.68	166.96	260.87	326.71	93.70
Adjusted Book Value	39.58	41.74	65.22	81.68	93.70

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	69.90	88.80	88.73	66.22	60.19
Adjustment	39.30	30.94	46.52	99.80	207.51
Changes In working Capital	-28.10	-85.60	-3.90	-47.72	-76.51
Cash Flow after changes in Working Capital	81.10	34.14	131.35	118.30	191.19
Cash Flow from Operating Activities	62.10	8.10	90.79	65.50	148.63
Cash Flow from Investing Activities	-333.60	-95.24	-603.00	-1,133.95	-542.48
Cash Flow from Financing Activitie	334.80	14.84	946.27	804.92	360.88
Net Cash Inflow / Outflow	63.30	-72.30	434.06	-263.53	-32.97
Opening Cash & Cash Equivalents	140.00	208.08	142.12	567.02	298.85
Cash & Cash Equivalent of Subsidiaries under liquidations			-12.48	-0.24	-53.41
Effect of Foreign Exchange Fluctuations	4.80	6.34	3.32	-4.40	-37.83
Closing Cash & Cash Equivalent	208.10	142.12	567.02	298.85	174.64

Ratios

Valuation

3.79

11.21

9.01

-1.28

102.43

Profitability

2.12

2.10

1.53

13.69

3.66

Leverage & Liquidity

0.03

2.05

2.90

Returns

0.00

0.42

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	10.05	10.05	9.00	8.78	8.31	35.46	35.46	35.46	34.25
	22.81	21.91	24.74	24.64	22.79	19.79	15.58	15.48	15.57
	67.13	68.04	66.26	66.58	68.90	44.75	48.96	49.06	50.19
	89.95	89.95	91.00	91.22	91.69	64.54	64.54	64.54	65.75
No. of Shareholders	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

Mutual Funds Invested(14)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 5 active funds hold 1.77% in Nazara Technologies Ltd., contributing to ₹283 Cr of holdings

Fund				As of
ID Bandhan Small Cap Fund - Growth - Direct PlanSmall cap Fund	191.82	0.53	48,82,736	Sep '26
BF Bajaj Finserv Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	44.44	0.52	11,31,106	Sep '26
UT UTI Innovation Fund - Growth - Direct PlanEquity - Thematic Fund - Other	24.58	3.20	6,25,615	Sep '26
MO Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct PlanIndex Funds - Other	23.69	0.98	6,03,126	Sep '26
HD HDFC Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	14.14	0.05	3,60,000	Sep '26
BF Bajaj Finserv Small Cap Fund - Growth - Direct PlanSmall cap Fund	8.50	0.31	2,16,374	Sep '26
IN Groww Nifty India Internet ETFIndex	0.72	1.73	18,441	Sep '26
MI Mirae Asset Nifty India Internet ETFIndex	0.62	1.73	15,782	Sep '26
IN Groww Nifty Total Market Index Fund - Growth - Direct PlanIndex Funds - Other	0.15	0.04	3,942	Sep '26
MO Motilal Oswal BSE 1000 Index Fund - Growth - Direct PlanIndex Funds - Other	0.03	0.05	698	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-19	Board Meeting	Quarterly Results
2026-09-04	AGM
2026-08-04	Board Meeting	Issue Of Warrants & Preferential Issue of shares

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-10-14	Alexander Osou	Allotment	Buy	266,895
2026-10-14	Alexandre Paul Jean Noirot Cosson	Allotment	Buy	710,946
2026-10-14	Maxime Loppin	Allotment	Buy	1,003,628
2026-10-14	Raymond Albaladejo Stauffer	Allotment	Buy	19,067,969

Sector Overview

ITIT - Software

Nazara Technologies Ltd. operates in the IT sector under the IT - Software industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

12 members across the board and senior leadership

Arun Bhandari

Company Secretary & Compliance Officer

—

Vikash Mittersain

Chairman & Managing Director

₹1.51 Cr

Mar '26

Nitish Mittersain

Joint Managing Director & Chief Executive Officer

₹3.94 Cr

Mar '26

Rohit Sharma

Whole Time Director

₹71.57 L

Mar '26

Rajiv Agarwal

Non Independent & Non Executive Director

₹18.50 L

Mar '25

Sasha Mirchandani

Non Executive Independent Director

₹6.12 L

Mar '26

Shobha Haresh Jagtiani

Non Executive Independent Director

₹11.52 L

Mar '26

Probir Roy

Non Executive Independent Director

₹11.88 L

Mar '26

Vivek Chopra

Non Executive Director

—

Mithun Padam Sacheti

Non Executive Director

—

Muraarie Rajan

Non Executive Independent Director

—

Con Anthony Conlon

Independent Director

—

NAZARA Latest News

News

8 of 8 articles

EQUITY22 Oct 2026 · 17:42

Nazara Technologies informs about analyst meet

EQUITY7 Sept 2026 · 15:15

Nazara Technologies moves up on acquiring 4.10% stake in Funky Monkeys

The aggregate consideration paid for the acquisition was Rs 1.90 crore

COMPANY4 Sept 2026 · 13:03

Nazara Technologies acquires 4.10% stake in Funky Monkeys

The aggregate consideration paid for the acquisition was Rs 1.90 crore

EQUITY30 Jul 2026 · 15:40

Nazara Technologies submits analyst meet intimation

EQUITY16 Jul 2026 · 17:33

Nazara Technologies informs about newspaper publication

EQUITY11 Jun 2026 · 10:47

Nazara Technologies informs about analyst meet

EQUITY5 Jun 2026 · 13:16

Nazara Technologies informs about allotment of warrants

EQUITY12 May 2026 · 19:39

Nazara Technologies reports Profit after tax of Rs 39.10 Mln, in the March 2026 quarter

NAZARA

₹387.20

-1.99%