Nagarro SE

XTRA:NA9 Stock Report

Market Cap: €538.2m

Nagarro Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Manas Human

Chief executive officer

€482.1k

Total compensation

CEO salary percentage87.12%
CEO tenure11.3yrs
CEO ownershipn/a
Management average tenure11.3yrs
Board average tenure2.9yrs

Recent management updates

It's Unlikely That The CEO Of Nagarro SE (ETR:NA9) Will See A Huge Pay Rise This Year

Jun 24
It's Unlikely That The CEO Of Nagarro SE (ETR:NA9) Will See A Huge Pay Rise This Year

Recent updates

NA9: New CFO Appointment And Share Buyback Will Support Future Upside

Analysts have trimmed their price target on Nagarro from €89.75 to €77.75, reflecting updated assumptions for slightly softer revenue growth, a modestly lower profit margin profile, a higher discount rate, and a marginally adjusted future P/E multiple. What's in the News Supervisory Board appoints Prateek Aggarwal as Chief Financial Officer from May 1, 2026, for an initial three year term.

Fluidic Intelligence And AI Adoption Will Drive Stronger Margins And Earnings Quality

Catalysts About Nagarro Nagarro provides digital engineering and consulting services that help clients modernize technology, improve operations and apply AI in complex environments. What are the underlying business or industry changes driving this perspective?

AI Execution Risks And Soft Demand Will Challenge Fluidic Intelligence Upside Over Time

Catalysts About Nagarro Nagarro is a global IT services company focused on digital engineering, AI driven solutions and complex enterprise technology transformations. What are the underlying business or industry changes driving this perspective?

NA9: AI Partnership And Stable Profit Outlook Will Support Future Upside

Analysts have raised their Nagarro price target to €89.75. This reflects updated assumptions for a slightly higher discount rate and future P/E multiple while keeping the underlying fair value estimate unchanged at €89.75.

NA9: AI Partnership And Share Buybacks Will Support Future Upside Potential

Analysts have trimmed their price target for Nagarro slightly from €90.25 to €89.75. This reflects small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E rather than any major shift in the underlying view.

NA9: AI Partnership And Share Buybacks Will Support Future Shareholder Value

Analysts have kept their fair value estimate for Nagarro steady at €90.25, with only small tweaks to discount rate and forward P/E assumptions. This signals that their view on the stock’s overall risk and earnings profile is broadly unchanged.

NA9: AI Partnerships And Tuck In Deals Will Drive Future Shareholder Value

Narrative Update on Nagarro Analysts now hold their fair value estimate for Nagarro steady at €90.25 per share, with only minor tweaks to inputs such as the discount rate and assumed future P/E that fine tune rather than overhaul their overall view. What's in the News Nagarro has become an OpenAI Services Partner, supporting enterprises across Asia Pacific in adopting OpenAI technologies such as the OpenAI API and ChatGPT Enterprise, with a focus on advisory, engineering and enablement for generative AI solutions and responsible deployment in core workflows (Client Announcements).

Is Nagarro (ETR:NA9) Using Too Much Debt?

Jan 08
Is Nagarro (ETR:NA9) Using Too Much Debt?

NA9: Share Buybacks Are Expected To Drive Future Shareholder Value

Analysts have modestly revised their price target for Nagarro, keeping fair value broadly unchanged at €90.25. They have slightly lowered the discount rate and forward P/E assumptions as they factor in a marginally improved risk profile and stable long term growth and profitability expectations.

A Look At The Intrinsic Value Of Nagarro SE (ETR:NA9)

Dec 08
A Look At The Intrinsic Value Of Nagarro SE (ETR:NA9)

NA9: Share Buybacks And Acquisitions Are Expected To Drive Shareholder Value

Analysts have raised their price target for Nagarro from €84.00 to €90.25, citing improved revenue growth prospects and higher projected profit margins. What's in the News Nagarro is actively pursuing smaller, strategic tuck-in acquisitions to enhance its technology portfolio and expand in the Japan and India tech services corridor (Key Developments).

Sentiment Still Eluding Nagarro SE (ETR:NA9)

Oct 07
Sentiment Still Eluding Nagarro SE (ETR:NA9)

Cloud And AI Adoption Will Expand Japan And Middle East

The consensus analyst price target for Nagarro has been revised downward, primarily reflecting a lower expected future P/E ratio, with the fair value estimate now at €84.00. What's in the News Nagarro SE lowered its 2025 revenue guidance, now expecting results near the lower end of €1,020 million to €1,080 million.
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Nagarro's Digital Leap could Propel Revenue by 10% Over 5 Years

Digital Transformation Megatrend: Enterprises worldwide continue investing in cloud migration, AI integration, and automation—core service areas for Nagarro.

It's Unlikely That The CEO Of Nagarro SE (ETR:NA9) Will See A Huge Pay Rise This Year

Jun 24
It's Unlikely That The CEO Of Nagarro SE (ETR:NA9) Will See A Huge Pay Rise This Year

Nagarro's (ETR:NA9) Soft Earnings Are Actually Better Than They Appear

May 25
Nagarro's (ETR:NA9) Soft Earnings Are Actually Better Than They Appear

Take Care Before Diving Into The Deep End On Nagarro SE (ETR:NA9)

May 12
Take Care Before Diving Into The Deep End On Nagarro SE (ETR:NA9)

Here's What's Concerning About Nagarro's (ETR:NA9) Returns On Capital

Apr 01
Here's What's Concerning About Nagarro's (ETR:NA9) Returns On Capital

Nagarro (ETR:NA9) Has A Pretty Healthy Balance Sheet

Mar 13
Nagarro (ETR:NA9) Has A Pretty Healthy Balance Sheet

At €83.20, Is It Time To Put Nagarro SE (ETR:NA9) On Your Watch List?

Feb 26
At €83.20, Is It Time To Put Nagarro SE (ETR:NA9) On Your Watch List?

The Price Is Right For Nagarro SE (ETR:NA9)

Feb 06
The Price Is Right For Nagarro SE (ETR:NA9)
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Acquisition Of FWD View Will Strengthen Position In Financial Services Sector

Strategic acquisitions and partnerships aim to enhance technological and geographical growth, driving revenue opportunities across various sectors.

Nagarro (ETR:NA9) Is Reinvesting At Lower Rates Of Return

Dec 23
Nagarro (ETR:NA9) Is Reinvesting At Lower Rates Of Return

Nagarro's (ETR:NA9) Solid Earnings Have Been Accounted For Conservatively

Nov 22
Nagarro's (ETR:NA9) Solid Earnings Have Been Accounted For Conservatively

Analysts Have Been Trimming Their Nagarro SE (ETR:NA9) Price Target After Its Latest Report

Nov 18
Analysts Have Been Trimming Their Nagarro SE (ETR:NA9) Price Target After Its Latest Report

Is Now An Opportune Moment To Examine Nagarro SE (ETR:NA9)?

Nov 07
Is Now An Opportune Moment To Examine Nagarro SE (ETR:NA9)?

Are Investors Undervaluing Nagarro SE (ETR:NA9) By 38%?

Oct 23
Are Investors Undervaluing Nagarro SE (ETR:NA9) By 38%?

After Leaping 26% Nagarro SE (ETR:NA9) Shares Are Not Flying Under The Radar

Oct 05
After Leaping 26% Nagarro SE (ETR:NA9) Shares Are Not Flying Under The Radar

Nagarro (ETR:NA9) Has A Pretty Healthy Balance Sheet

Sep 15
Nagarro (ETR:NA9) Has A Pretty Healthy Balance Sheet

CEO Compensation Analysis

How has Manas Human's remuneration changed compared to Nagarro's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

€39m

Sep 30 2025n/an/a

€49m

Jun 30 2025n/an/a

€40m

Mar 31 2025n/an/a

€44m

Dec 31 2024€482k€420k

€49m

Sep 30 2024n/an/a

€51m

Jun 30 2024n/an/a

€51m

Mar 31 2024n/an/a

€51m

Dec 31 2023€330k€320k

€49m

Sep 30 2023n/an/a

€54m

Jun 30 2023n/an/a

€68m

Mar 31 2023n/an/a

€79m

Dec 31 2022€330k€320k

€77m

Sep 30 2022n/an/a

€70m

Jun 30 2022n/an/a

€56m

Mar 31 2022n/an/a

€38m

Dec 31 2021€345k€320k

€30m

Sep 30 2021n/an/a

€20m

Jun 30 2021n/an/a

€16m

Mar 31 2021n/an/a

€20m

Dec 31 2020€117k€53k

€18m

Compensation vs Market: Manas's total compensation ($USD564.98K) is below average for companies of similar size in the German market ($USD1.21M).

Compensation vs Earnings: Manas's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Manas Human (53 yo)

11.3yrs
Tenure
€482,100
Compensation

Dr. Manas C. Human, PhD, is a Co-Founder of ChangeOne, Inc. and serves as its Chief Technology Officer. Dr. Human served as a Member of The Management Board at Allgeier SE since March 3, 2014 until Septemb...

Leadership Team

NamePositionTenureCompensationOwnership
Manas Human
Co-Founder11.3yrs€482.10kno data
Vikram Sehgal
Co-Founder & Member of Management Board11.3yrs€491.70kno data
Annette Mainka
Member of Management Board5.8yrs€480.20kno data
Michael Knapp
Head of Investor Relationsno datano datano data
11.3yrs
Average Tenure
54yo
Average Age

Experienced Management: NA9's management team is seasoned and experienced (11.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
George Nigel Clemons
Deputy Chairman of the Supervisory Board1.3yrsno datano data
Hans-Paul Burkner
Member of the Supervisory Board1.3yrsno datano data
Carl Durschmidt
Member of the Supervisory Boardno data€225.00kno data
Christian Bacherl
Chairperson of the Supervisory Board3.5yrs€187.50kno data
Shalini Sarin
Member of Supervisory Board5.6yrs€150.00kno data
Vishal Gaur
Member of the Supervisory Board2.9yrs€150.00kno data
2.9yrs
Average Tenure
59.5yo
Average Age

Experienced Board: NA9's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/02 08:40
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nagarro SE is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin ComtesseJefferies LLC
Alexander Zienkowiczmwb research AG
Matthias DesmaraisODDO BHF Corporate & Markets