Nazara Technologies Limited

NSEI:NAZARA Stock Report

Market Cap: ₹69.8b

Nazara Technologies Valuation

Is NAZARA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NAZARA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NAZARA (₹912.05) is trading above our estimate of fair value (₹137.78)

Significantly Below Fair Value: NAZARA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NAZARA?

Key metric: As NAZARA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NAZARA. This is calculated by dividing NAZARA's market cap by their current earnings.
What is NAZARA's PE Ratio?
PE Ratio87.2x
Earnings₹801.00m
Market Cap₹69.81b

Price to Earnings Ratio vs Peers

How does NAZARA's PE Ratio compare to its peers?

The above table shows the PE ratio for NAZARA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.4x
532163 Saregama India
50x23.5%₹93.8b
TIPSMUSIC Tips Music
77.7x23.6%₹118.2b
JUSTDIAL Just Dial
18.3x4.4%₹92.0b
DBCORP D. B
11.7x11.8%₹52.3b
NAZARA Nazara Technologies
87.2x25.2%₹69.8b

Price-To-Earnings vs Peers: NAZARA is expensive based on its Price-To-Earnings Ratio (87.2x) compared to the peer average (39.4x).

Price to Earnings Ratio vs Industry

How does NAZARA's PE Ratio compare vs other companies in the IN Entertainment Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
530281 Quantum Digital Vision (India)
2.9xn/aUS$976.39k
No more companies available in this PE range
NAZARA 87.2xIndustry Avg. 35.3xNo. of Companies4PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NAZARA is expensive based on its Price-To-Earnings Ratio (87.2x) compared to the Indian Entertainment industry average (35.3x).

Price to Earnings Ratio vs Fair Ratio

What is NAZARA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NAZARA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio87.2x
Fair PE Ratio33.2x

Price-To-Earnings vs Fair Ratio: NAZARA is expensive based on its Price-To-Earnings Ratio (87.2x) compared to the estimated Fair Price-To-Earnings Ratio (33.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NAZARA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹912.05
₹949.82
+4.1%
24.3%₹1,370.00₹525.00n/a11
Nov ’25₹947.75
₹949.82
+0.2%
24.3%₹1,370.00₹525.00n/a11
Oct ’25₹1,001.50
₹926.00
-7.5%
23.6%₹1,370.00₹525.00n/a11
Sep ’25₹928.70
₹842.18
-9.3%
18.2%₹1,080.00₹525.00n/a11
Aug ’25₹949.35
₹781.64
-17.7%
17.4%₹1,080.00₹525.00n/a11
Jul ’25₹886.00
₹775.09
-12.5%
17.2%₹1,080.00₹525.00n/a11
Jun ’25₹701.85
₹775.09
+10.4%
17.2%₹1,080.00₹525.00n/a11
May ’25₹641.25
₹848.45
+32.3%
14.7%₹1,080.00₹570.00n/a11
Apr ’25₹692.95
₹850.00
+22.7%
14.7%₹1,080.00₹570.00n/a11
Mar ’25₹753.20
₹863.64
+14.7%
15.0%₹1,080.00₹570.00n/a11
Feb ’25₹868.15
₹843.20
-2.9%
14.9%₹1,080.00₹590.00n/a10
Jan ’25₹857.05
₹843.70
-1.6%
14.8%₹1,080.00₹590.00n/a10
Dec ’24₹794.45
₹843.70
+6.2%
14.8%₹1,080.00₹590.00n/a10
Nov ’24₹810.00
₹793.40
-2.0%
16.3%₹976.00₹500.00₹947.7510
Oct ’24₹835.90
₹778.60
-6.9%
14.8%₹912.00₹500.00₹1,001.5010
Sep ’24₹759.55
₹778.60
+2.5%
14.8%₹912.00₹500.00₹928.7010
Aug ’24₹717.90
₹778.60
+8.5%
14.8%₹912.00₹500.00₹949.3510
Jul ’24₹724.60
₹736.13
+1.6%
18.6%₹985.00₹500.00₹886.008
Jun ’24₹631.00
₹736.13
+16.7%
18.6%₹985.00₹500.00₹701.858
May ’24₹551.70
₹787.44
+42.7%
19.4%₹1,015.00₹515.00₹641.259
Apr ’24₹516.45
₹790.33
+53.0%
19.6%₹1,015.00₹515.00₹692.959
Mar ’24₹525.05
₹823.67
+56.9%
19.9%₹1,015.00₹515.00₹753.209
Feb ’24₹570.80
₹823.67
+44.3%
19.9%₹1,015.00₹515.00₹868.159
Jan ’24₹580.70
₹844.67
+45.5%
21.0%₹1,015.00₹480.00₹857.059
Dec ’23₹612.40
₹844.67
+37.9%
21.0%₹1,015.00₹480.00₹794.459
Nov ’23₹645.15
₹844.67
+30.9%
21.0%₹1,015.00₹480.00₹810.009

Analyst Forecast: Target price is less than 20% higher than the current share price.

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