Nazara Technologies Ltd
NAZARANazara Technologies Ltd is coiled. The quarters are improving, yet the P/E sits at the 7th percentile of its own 5-year range — the business is moving before the market.
The sharpest disagreement: Domestic institutions moved −14.4 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 7th percentile of its own 5-year range. Underneath, the last four quarters read improving — profit +1,300.0% year on year, and 147% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Nazara Technologies Ltd trades at ₹339, in a confirmed uptrend and 8 weeks into that stage. That is +21.7% against its own 200-day average. It sits at 100% of a 52-week range of ₹226 to ₹339. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹339 it trades +21.7% versus its 200-day average and sits at 100% of its 52-week range (₹226–₹339).
Against the market, two honest reads. Cumulative: over the last 5.3 years the stock moved +62% while the NIFTY 500 moved +88% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Nazara Technologies Ltd trades at 13.0× P/E, near the bottom of its own range — cheaper only 7% of the time. Its long-run median P/E is 92.6×, measured across 4.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 13.0× is near the bottom of its own range — cheaper only 7% of the time, against a long-run median of 92.6× measured over 4.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +19.9% against a +1.2% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the +26.8%/yr price move, ~+141.1%/yr came from earnings growth and ~−114.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 86% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Nazara Technologies Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +12.6% | +18.8% | +32.1% | +24.1% |
| Profit | +60.8% | +10.4% | +42.4% | +2.4% |
| EPS | +19.9% | +20.2% | +46.8% | −24.0% |
| Share price | +1.2% | +26.8% | +7.9% | — |
4-Factor Sector Score
77.5/100 — rank 1 of 25 in Entertainment & Media · 78% evidence confidence
Nazara Technologies Ltd scores 77.5 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 26.6 + 18.1 + 13.8 + 19 = 77.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Nazara Technologies Ltd reported ₹398 Cr of revenue in the Mar 26 quarter, −23.5% year on year. Over 10 years it has compounded at 24.1% a year. The last full year, FY26, came in at ₹1,829 Cr. The last four reported quarters add to ₹1,829 Cr.
FY26 revenue came in at ₹1,829 Cr (+12.6% on the year), capping 10 years at 24.1% compound. The latest quarter (Mar 26) printed ₹398 Cr, −23.5% year on year.
Pace check: the last four quarters averaged +29.2% growth against the decade's 24.1% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +12.6% over the last 4 quarters against +26.8%/yr over the last 8 — rolling over; TTM profit +41.4% vs +4.6%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Nazara Technologies Ltd's operating margin is 11.0% in the Mar 26 quarter, +5.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged −3.0% to 36.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 11.0%, +5.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged −3.0%–36.0%.
Why the margin moved: operating margin went +5.3 pp year on year while gross margin went +6.6 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Nazara Technologies Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, +1,300.0% year on year. Full-year FY26 profit was ₹82.0 Cr. The 10-year compound rate is 2.4%. That is 14.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.0 Cr. 1 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹56.0 Cr, +1,300.0% year on year. On the full year, FY26 printed ₹82.0 Cr (+60.8%), and the 10-year compound rate is 2.4%.
Why profit moved: revenue contributed −23.5% and the margin +5.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +266.1% vs revenue +29.2%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 147% of Nazara Technologies Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹149 Cr of operating cash against ₹82.0 Cr of profit. After ₹−40.0 Cr of capital spending, ₹189 Cr was left as free cash.
FY26: operating cash of ₹149 Cr against reported profit of ₹82.0 Cr, leaving free cash of ₹189 Cr after ₹−40.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 147% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 147%: the cash cycle stretched 20 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 3.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Nazara Technologies Ltd's cash conversion cycle runs 75 days in FY26, up from 55 days in FY21. Capital spending ran ₹1,307 Cr over the last 3 years. At FY26 sales of ₹1,829 Cr each day of that cycle holds about ₹5.0 Cr, so roughly ₹376 Cr sits inside the business at any moment.
FY26: debtors at 75 days (an asset-light business — no inventory to speak of) — for a full cycle of 75 days, looser than FY21's 55.
In money terms: at FY26 sales of ₹1,829 Cr, each day of the cycle holds about ₹5.0 Cr — so the 75-day loop keeps roughly ₹376 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,307 Cr over the last 3 fiscal years against ₹416 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Nazara Technologies Ltd earns a ROCE of 27% in FY26. That is up from a trough of −4% in FY20. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 4.5% net margin on 0.42× asset turns.
FY26 ROCE is 27%, recovered from a FY20 trough of −4% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 4.5% net margin × 0.42× asset turns × 1.26× balance-sheet leverage ≈ 2.4% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 86% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Nazara Technologies Ltd carries ₹215 Cr of borrowings against ₹3,473 Cr of equity in FY26, a debt-to-equity of 0.06. Operating profit covers the interest bill −1×. Over 5 years borrowings went from ₹1.0 Cr to ₹215 Cr. Capital spending ran ₹1,307 Cr across the last 3 of those years.
FY26: borrowings of ₹215 Cr against equity of ₹3,473 Cr — a debt-to-equity of 0.06. Operating profit covers the interest bill −1×. Over 5 years borrowings went from ₹1.0 Cr to ₹215 Cr while capital spending ran ₹1,307 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 86% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters added 24.2 points of Nazara Technologies Ltd over 8 quarters, the biggest move on the register. That takes promoters to 34.3% of the company. Domestic institutions moved −14.4 points over the same window, to 2.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +24.2 points over 8 quarters to 34.3%; Domestic institutions: −14.4 points over 8 quarters to 2.4%; Foreign institutions: +7.2 points over 8 quarters to 13.2%.
Why the register moved: rotation — foreign institutions +7.2 points against domestic institutions −14.4 points over 8 quarters, with promoters +24.2 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Nazara Technologies Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Nazara Technologies Ltdthis pageNAZARA | 77.5/100Favorable setup78% evidence | BREAKING OUT | 26.6/35 Revenue 12.6% · PAT 41.4% · OPM change 5 pp 83% evidence | 18.1/25 ROCE 27.2% · OPM 11% 76% evidence | 13.8/20 P/E 13× · PEG — 50% evidence | 19.0/20 RS sector 26% · RS bench 21.6% · 1Y -2.5%11 of 12 weeks ahead 100% evidence |
| Exact sum: 26.6 + 18.1 + 13.8 + 19 = 77.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Nila Spaces LtdNILASPACES | 70.2/100Favorable setup77% evidence | 27.6/35 Revenue 36.2% · PAT 95.9% · OPM change 9.5 pp 83% evidence | 19.6/25 ROCE 31.3% · OPM 35% 95% evidence | 11.7/20 P/E 17.6× · PEG — 50% evidence | 11.3/20 RS sector 4.6% · RS bench -14.5% · 1Y -8.7%0 of 7 weeks ahead to 2026-07-05 70% evidence | |
| Exact sum: 27.6 + 19.6 + 11.7 + 11.3 = 70.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3PVR Inox LtdPVRINOX | 66.3/100Favorable setup91% evidence | BREAKING OUT | 23.3/35 Revenue 13.7% · PAT 100% · OPM change 5 pp 74% evidence | 9.7/25 ROCE 7% · OPM 33% 100% evidence | 16.8/20 P/E 35× · PEG 0.65 100% evidence | 16.5/20 RS sector 10.8% · RS bench 6.9% · 1Y 13%1 of 12 weeks ahead 100% evidence |
| Exact sum: 23.3 + 9.7 + 16.8 + 16.5 = 66.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Prime Focus LtdPFOCUS | 63.2/100Mixed-positive evidence71% evidence | ASLEEP | 24.7/35 Revenue 29.9% · PAT 100% · OPM change 11 pp 65% evidence | 16.1/25 ROCE 11.5% · OPM 35% 100% evidence | 9.1/20 P/E 94.9× · PEG — 15% evidence | 13.3/20 RS sector 25.3% · RS bench 22.3% · 1Y 94.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 24.7 + 16.1 + 9.1 + 13.3 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Hindustan Media Ventures LtdHMVL | 63.1/100Mixed-positive evidence68% evidence | TURNING | 21.9/35 Revenue 9.3% · PAT -38.5% · OPM change 17 pp 83% evidence | 15.2/25 ROCE 11.5% · OPM 30% 95% evidence | 13.5/20 P/E 4.5× · PEG — 50% evidence | 12.5/20 RS sector — · RS bench 23.8% · 1Y —3 of 3 weeks ahead 25% evidence |
| Exact sum: 21.9 + 15.2 + 13.5 + 12.5 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Sun TV Network LtdSUNTV | 54.5/100Mixed-positive evidence96% evidence | BASING | 16.2/35 Revenue 7.8% · PAT -15.5% · OPM change 0 pp 88% evidence | 19.6/25 ROCE 16.5% · OPM 44% 100% evidence | 12.4/20 P/E 13.4× · PEG 1.37 100% evidence | 6.3/20 RS sector -7.1% · RS bench -10.1% · 1Y -11.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 16.2 + 19.6 + 12.4 + 6.3 = 54.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7City Pulse Multiventures Ltd542727 | 54.3/100Mixed-positive evidence65% evidence | ASLEEP | 22.5/35 Revenue 100% · PAT 100% · OPM change -166.4 pp 83% evidence | 11.3/25 ROCE 2.6% · OPM 78.6% 76% evidence | 8.5/20 P/E 347× · PEG — 15% evidence | 12.0/20 RS sector 42.1% · RS bench -83.6% · 1Y -80.9%0 of 10 weeks ahead 70% evidence |
| Exact sum: 22.5 + 11.3 + 8.5 + 12 = 54.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Amagi Media Labs LtdAMAGI | 52.8/100Thin evidence · provisional51% evidence | BREAKING OUT | 25.4/35 Revenue 31.4% · PAT — · OPM change 10.3 pp 65% evidence | 8.4/25 ROCE 8% · OPM 6% 100% evidence | 9.0/20 P/E 196× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —9 of 12 weeks ahead 0% evidence |
| Exact sum: 25.4 + 8.4 + 9 + 10 = 52.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 9Media Matrix Worldwide LtdMMWL | 52.1/100Mixed-positive evidence68% evidence | BREAKING OUT | 12.6/35 Revenue -33.4% · PAT 80.2% · OPM change -0.2 pp 62% evidence | 12.5/25 ROCE 9.8% · OPM 1.8% 95% evidence | 8.7/20 P/E 266× · PEG — 15% evidence | 18.3/20 RS sector 22.2% · RS bench 17.4% · 1Y -14.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 12.6 + 12.5 + 8.7 + 18.3 = 52.1 · Decision use: Price leads the evidence: RS versus the benchmark is 17.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 10Basilic Fly Studio LtdBASILIC | 51.9/100Mixed-positive evidence70% evidence | ASLEEP | 13.6/35 Revenue — · PAT — · OPM change -3 pp 45% evidence | 20.5/25 ROCE 22.3% · OPM 21% 95% evidence | 14.4/20 P/E 9.9× · PEG — 50% evidence | 3.4/20 RS sector -29.4% · RS bench -32.5% · 1Y -52.3%3 of 12 weeks ahead 100% evidence |
| Exact sum: 13.6 + 20.5 + 14.4 + 3.4 = 51.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 11H T Media LtdHTMEDIA | 49.2/100Mixed-negative evidence61% evidence | TURNING | 17.0/35 Revenue 3.6% · PAT -80% · OPM change 11.5 pp 83% evidence | 9.8/25 ROCE 7.4% · OPM 16.5% 95% evidence | 11.5/20 P/E 4.3× · PEG — 15% evidence | 10.9/20 RS sector — · RS bench 2.4% · 1Y —3 of 3 weeks ahead 25% evidence |
| Exact sum: 17 + 9.8 + 11.5 + 10.9 = 49.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Zee Media Corporation LtdZEEMEDIA | 43.5/100Mixed-negative evidence62% evidence | ASLEEP | 20.9/35 Revenue 22% · PAT 100% · OPM change -1 pp 62% evidence | 8.5/25 ROCE 5.3% · OPM -6% 95% evidence | 9.6/20 P/E 73.8× · PEG — 15% evidence | 4.5/20 RS sector -23.3% · RS bench -20.3% · 1Y -44.9%2 of 10 weeks ahead 70% evidence |
| Exact sum: 20.9 + 8.5 + 9.6 + 4.5 = 43.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Panorama Studios International Ltd539469 | 42.6/100Mixed-negative evidence65% evidence | TURNING | 9.7/35 Revenue -15.3% · PAT -74.9% · OPM change -1 pp 83% evidence | 13.4/25 ROCE 8.7% · OPM 19.9% 76% evidence | 9.4/20 P/E 82× · PEG — 15% evidence | 10.1/20 RS sector -8.8% · RS bench 6.2% · 1Y -7.7%7 of 10 weeks ahead 70% evidence |
| Exact sum: 9.7 + 13.4 + 9.4 + 10.1 = 42.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Dish TV India LtdDISHTV | 40.7/100Mixed-negative evidence65% evidence | ASLEEP | 15.1/35 Revenue -25.9% · PAT -65.6% · OPM change -57 pp 62% evidence | 12.6/25 ROCE 70% · OPM -29% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.0/20 RS sector -22.5% · RS bench -25.9% · 1Y -47.6%8 of 12 weeks ahead 100% evidence |
| Exact sum: 15.1 + 12.6 + 10 + 3 = 40.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Hathway Cable & Datacom LtdHATHWAY | 39.8/100Mixed-negative evidence87% evidence | ASLEEP | 13.5/35 Revenue 5.7% · PAT -28.3% · OPM change -4 pp 95% evidence | 7.7/25 ROCE 2.6% · OPM 13% 95% evidence | 9.4/20 P/E 25.2× · PEG — 50% evidence | 9.2/20 RS sector -8.4% · RS bench -12.2% · 1Y -29.1%4 of 12 weeks ahead 100% evidence |
| Exact sum: 13.5 + 7.7 + 9.4 + 9.2 = 39.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Den Networks LtdDEN | 39.1/100Mixed-negative evidence81% evidence | ASLEEP | 11.7/35 Revenue -2.3% · PAT -29.8% · OPM change -3.3 pp 95% evidence | 8.2/25 ROCE 5.6% · OPM 4.7% 95% evidence | 11.7/20 P/E 8.8× · PEG — 50% evidence | 7.5/20 RS sector -9.6% · RS bench -11% · 1Y -26.6%2 of 10 weeks ahead 70% evidence |
| Exact sum: 11.7 + 8.2 + 11.7 + 7.5 = 39.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Network 18 Media & Investments LtdNETWORK18 | 38.5/100Mixed-negative evidence66% evidence | ASLEEP | 18.7/35 Revenue -48.5% · PAT 97.8% · OPM change 0.5 pp 95% evidence | 5.8/25 ROCE 3% · OPM 1.4% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 4.0/20 RS sector -23.6% · RS bench -27.9% · 1Y -49%0 of 10 weeks ahead 70% evidence |
| Exact sum: 18.7 + 5.8 + 10 + 4 = 38.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Zee Entertainment Enterprises LtdZEEL | 36.5/100Mixed-negative evidence90% evidence | TURNING | 7.9/35 Revenue -2.4% · PAT -60.1% · OPM change -27 pp 88% evidence | 5.8/25 ROCE 2.8% · OPM -13% 100% evidence | 13.3/20 P/E 39.4× · PEG 0.28 100% evidence | 9.5/20 RS sector -15.2% · RS bench 15.1% · 1Y -7.4%8 of 10 weeks ahead 70% evidence |
| Exact sum: 7.9 + 5.8 + 13.3 + 9.5 = 36.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 19New Delhi Television LtdNDTV | 30.5/100Adverse evidence69% evidence | ASLEEP | 10.5/35 Revenue 12.1% · PAT -39.6% · OPM change -4 pp 71% evidence | 1.4/25 ROCE -72.6% · OPM -58% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 8.6/20 RS sector -10.9% · RS bench -14.5% · 1Y -33.8%4 of 12 weeks ahead 100% evidence |
| Exact sum: 10.5 + 1.4 + 10 + 8.6 = 30.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20GTPL Hathway LtdGTPL | 30.1/100Adverse evidence81% evidence | ASLEEP | 10.7/35 Revenue 8.3% · PAT -80% · OPM change -1.5 pp 95% evidence | 9.9/25 ROCE 3.4% · OPM 10.3% 95% evidence | 6.2/20 P/E 84.4× · PEG — 50% evidence | 3.3/20 RS sector -30.5% · RS bench -29.9% · 1Y -50.5%1 of 10 weeks ahead 70% evidence |
| Exact sum: 10.7 + 9.9 + 6.2 + 3.3 = 30.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21T.V. Today Network LtdTVTODAY | 29.6/100Adverse evidence77% evidence | ASLEEP | 10.0/35 Revenue -18.8% · PAT -80% · OPM change 0.3 pp 83% evidence | 6.8/25 ROCE 4.5% · OPM 2.1% 95% evidence | 6.7/20 P/E 26.2× · PEG — 50% evidence | 6.1/20 RS sector -17% · RS bench -12.9% · 1Y -33.2%2 of 10 weeks ahead 70% evidence |
| Exact sum: 10 + 6.8 + 6.7 + 6.1 = 29.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Entertainment Network (India) LtdENIL | 26.9/100Adverse evidence77% evidence | ASLEEP | 7.8/35 Revenue 3.9% · PAT -80% · OPM change -11.1 pp 83% evidence | 4.0/25 ROCE -0.8% · OPM 7.5% 95% evidence | 6.2/20 P/E 264× · PEG — 50% evidence | 8.9/20 RS sector -2.6% · RS bench -13.8% · 1Y -27.1%2 of 10 weeks ahead 70% evidence |
| Exact sum: 7.8 + 4 + 6.2 + 8.9 = 26.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Balaji Telefilms LtdBALAJITELE | 22.3/100Adverse evidence68% evidence | ASLEEP | 5.2/35 Revenue -53.1% · PAT -80% · OPM change -7 pp 83% evidence | 3.9/25 ROCE -9.5% · OPM -36% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.2/20 RS sector -15.5% · RS bench -18.6% · 1Y -10.5%1 of 12 weeks ahead 100% evidence |
| Exact sum: 5.2 + 3.9 + 10 + 3.2 = 22.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24Bright Outdoor Media Ltd543831 | 61.8/100Thin evidence · provisional48% evidence | 20.4/35 Revenue 50.9% · PAT 100% · OPM change 1 pp 27% evidence | 16.4/25 ROCE 15.7% · OPM 23% 57% evidence | 9.3/20 P/E 43.7× · PEG — 50% evidence | 15.7/20 RS sector 23% · RS bench 17.4% · 1Y 4.4%12 of 12 weeks ahead to 2026-04-05 70% evidence | |
| Exact sum: 20.4 + 16.4 + 9.3 + 15.7 = 61.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 25DAPS Advertising Ltd543651 | 51.1/100Thin evidence · provisional43% evidence | 18.0/35 Revenue — · PAT — · OPM change 0.7 pp 15% evidence | 12.9/25 ROCE 9.9% · OPM 5.4% 57% evidence | 13.8/20 P/E 8.5× · PEG — 50% evidence | 6.4/20 RS sector -20.9% · RS bench -6.2% · 1Y -19.9%0 of 10 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 18 + 12.9 + 13.8 + 6.4 = 51.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Nazara Technologies Ltd's share price today?
Nazara Technologies Ltd trades at ₹339, +1.2% over the past year. The company is valued at ₹12,559 Cr. The stock sits at 100% of its 52-week range of ₹226–₹339, +21.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 31 July 2026.
What were Nazara Technologies Ltd's latest quarterly results?
Nazara Technologies Ltd reported revenue of ₹398 Cr and net profit of ₹56.0 Cr for the Mar 26 quarter. Revenue fell 23.5% and profit rose 1,300.0% year on year. Earnings per share were ₹1.27. The operating margin was 11.0%, 5.0 pp higher than a year earlier. — as of 31 July 2026.
What is Nazara Technologies Ltd's revenue?
Nazara Technologies Ltd reported revenue of ₹398 Cr in the Mar 26 quarter, −23.5% year on year. For the full FY26 fiscal year, revenue was ₹1,829 Cr (+12.6%). Over the last 10 years revenue compounded at 24.1% a year. — as of 31 July 2026.
What is Nazara Technologies Ltd's profit?
Nazara Technologies Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, +1,300.0% year on year. Full-year FY26 profit was ₹82.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 31 July 2026.
What is Nazara Technologies Ltd's market cap?
Nazara Technologies Ltd's market capitalisation is ₹12,559 Cr at a share price of ₹339. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Nazara Technologies Ltd's P/E ratio?
Nazara Technologies Ltd trades at a P/E of 13.0×, at the 7th percentile of its own 5-year range, against a long-run median of 92.6×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Nazara Technologies Ltd pay a dividend?
Not in its latest year — Nazara Technologies Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 1 of its last 11 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Nazara Technologies Ltd overvalued?
On its own history, Nazara Technologies Ltd looks cheap against its own history: its P/E of 13.0× has been cheaper only 7% of the time in 5 years (long-run median 92.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Nazara Technologies Ltd growing?
Yes — Nazara Technologies Ltd is growing: latest-quarter revenue −23.5% year on year, profit +1,300.0%, and the margin +5.0 pp at 11.0%. The 10-year compound rates are 24.1% (revenue) and 2.4% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Nazara Technologies Ltd performing?
Nazara Technologies Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue fell 23.5% and profit rose 1,300.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
Is Nazara Technologies Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +21.7% versus its 200-day average and at 100% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Nazara Technologies Ltd beating the market?
On recent form, yes — Nazara Technologies Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.3 years the stock moved +62% against the NIFTY 500's +88% — behind the index over the full window. — as of 31 July 2026.
Will Nazara Technologies Ltd's share price go up?
This page publishes no price forecast for Nazara Technologies Ltd. What it measures instead: the share price is ₹339, the price is in a confirmed uptrend 8 weeks in. Its P/E of 13.0× sits at the 7th percentile of its own 5-year range. — as of 31 July 2026.
Who owns Nazara Technologies Ltd?
Promoters hold 34.3% of Nazara Technologies Ltd, foreign institutions 13.2%, domestic institutions 2.4% and the public 50.1% (latest quarter). The biggest move on the register over the last two years: Promoters added 24.2 points over 8 quarters. — as of 31 July 2026.
Does Nazara Technologies Ltd have too much debt?
No — Nazara Technologies Ltd's debt-to-equity is 0.06, and operating profit covers the interest bill −1×. FY26 borrowings were ₹215 Cr against equity of ₹3,473 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.
What is Nazara Technologies Ltd's capex?
Nazara Technologies Ltd spent ₹1,307 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹−40.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Nazara Technologies Ltd's cash flow?
Nazara Technologies Ltd generated ₹149 Cr of operating cash flow in FY26 and ₹189 Cr of free cash flow after ₹−40.0 Cr of capital spending. Reported profit that year was ₹82.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Nazara Technologies Ltd's profit real cash?
Yes — over the last 3 fiscal years, 147% of Nazara Technologies Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹149 Cr against reported profit of ₹82.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Nazara Technologies Ltd in its business cycle?
Nazara Technologies Ltd's FY26 operating margin was −1.6%, against a 11-year band of −3.0%–36.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Nazara Technologies Ltd story?
The sharpest disagreement: Domestic institutions moved −14.4 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Nazara Technologies Ltd a stock worth studying right now?
This is not investment advice. The machine read: Nazara Technologies Ltd is coiled. The quarters are improving, yet the P/E sits at the 7th percentile of its own 5-year range — the business is moving before the market. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.