Nazara Technologies NAZARA
Listed gaming company: mobile and casual games (Kiddopia, Animal Jam, Fusebox), esports and ad tech; exited real-money gaming after the 2025 ban
Mapped in 1 theme: Consumer Internet.
Where Nazara Technologies sits in the supply chain
Nazara Technologies appears in 1 supply-chain layer in one theme, Consumer Internet.
Consumer Internet › Gaming & digital content
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 622 | 1,091 | 1,138 | 1,624 | 1,829 |
| Net profit | 51 | 61 | 75 | 51 | 82 |
Latest-year revenue ₹1,829 Cr (FY26, company-wide).
Note: Latest year dominated by impairments on the Moonshine (PokerBaazi) stake after the 2025 online real-money gaming ban; left out of screens.
Strengths
- The only scaled listed gaming company in India, with mostly global revenue
- Esports and gaming IP benefit from the 2025 Act's recognition of esports
Risks
- Wrote down its stake in Moonshine (PokerBaazi) after the real-money ban - a ₹915 Cr charge in Q2 FY26 and more in Q1 FY27
- Q1 FY27 net loss; founder Nitish Mittersain stepped down as CEO
- Acquisition-led growth adds integration risk
Common questions
What does Nazara Technologies do?
Listed gaming company: mobile and casual games (Kiddopia, Animal Jam, Fusebox), esports and ad tech; exited real-money gaming after the 2025 ban.
Where does Nazara Technologies sit in the supply chain?
Nazara Technologies (NSE: NAZARA) is mapped in 1 supply-chain layer: Gaming & digital content (Consumer Internet).
Who are Nazara Technologies' peers?
In the Gaming & digital content layer of Consumer Internet: PhysicsWallah and Dream11 (Dream Sports) (not NSE-listed).
What is Nazara Technologies' market cap and valuation?
As of 6 Nov 2026: market cap ₹16,833 Cr, P/E 1252.0x, ROCE 27.1%, ROE 30.6%, dividend yield 0%.