It's Unlikely That Nazara Technologies Limited's (NSE:NAZARA) CEO Will See A Huge Pay Rise This Year

Key Insights

• Nazara Technologies' Annual General Meeting to take place on 29th of September
• Total pay for CEO Nitish Mittersain includes ₹27.4m salary
• Total compensation is 125% above industry average
• Over the past three years, Nazara Technologies' EPS grew by 33% and over the past three years, the total shareholder return was 63%

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CEO Nitish Mittersain has done a decent job of delivering relatively good performance at Nazara Technologies Limited (NSE:NAZARA) recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 29th of September. However, some shareholders may still be hesitant of being overly generous with CEO compensation.

See our latest analysis for Nazara Technologies

Comparing Nazara Technologies Limited's CEO Compensation With The Industry

At the time of writing, our data shows that Nazara Technologies Limited has a market capitalization of ₹102b, and reported total annual CEO compensation of ₹39m for the year to March 2025. That's mostly flat as compared to the prior year's compensation. In particular, the salary of ₹27.4m, makes up a huge portion of the total compensation being paid to the CEO.

For comparison, other companies in the India Entertainment industry with market capitalizations ranging between ₹35b and ₹141b had a median total CEO compensation of ₹18m. This suggests that Nitish Mittersain is paid more than the median for the industry. Moreover, Nitish Mittersain also holds ₹2.2b worth of Nazara Technologies stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

Component	2025	2024	Proportion (2025)
Salary	₹27m	₹29m	69%
Other	₹12m	₹10m	31%
Total Compensation	₹39m	₹39m	100%

Speaking on an industry level, all of total compensation represents salary, while non-salary remuneration is completely ignored. In Nazara Technologies' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

A Look at Nazara Technologies Limited's Growth Numbers

Nazara Technologies Limited's earnings per share (EPS) grew 33% per year over the last three years. It achieved revenue growth of 65% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. The combination of strong revenue growth with medium-term EPS improvement certainly points to the kind of growth we like to see. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Nazara Technologies Limited Been A Good Investment?

Most shareholders would probably be pleased with Nazara Technologies Limited for providing a total return of 63% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude...

Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.

While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. We did our research and spotted 2 warning signs for Nazara Technologies that investors should look into moving forward.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.