Nazara Technologies Limited (NAZARA) Fair Value & Analysis
Communication Services · IN · Market cap ₹113B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated today
Share price +12.5% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹217.37 – ₹357.13 · fair‑value band ₹41.17 – ₹68.26 · the ₹305.25 price screens above the ₹68.26 fair value. As of Jul 3, 2026.
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Nazara Technologies Limited (NAZARA) currently trades at ₹305.25, while our model-based Fair Value estimate is ₹68.26 — implying the stock looks roughly 77.6% overvalued today. We read business quality at 44/100 (below-average quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Nazara Technologies Limited generated revenue of ₹18.3B at a net margin of 5.2%. Revenue declined 23.6% year over year. It earns a return on equity of 2.0%. The balance sheet holds a net cash position of ₹402M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
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 …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Nazara Technologies Limited reported revenue of ₹18.3B in FY2026 versus ₹6.2B in FY2022, a compound +31.0%/yr. Reported net income was ₹958M in FY2026, compounding +35.5%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.