Nazara Technologies Limited

NSEI:NAZARA Stock Report

Market Cap: ₹90.0b

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 (₹1033.8) is trading above our estimate of fair value (₹168.14)

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 Ratio110.4x
Earnings₹801.00m
Market Cap₹89.97b

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 Average37.2x
532163 Saregama India
50.9x23.7%₹96.0b
TIPSMUSIC Tips Music
68.1x23.6%₹105.2b
JUSTDIAL Just Dial
17.1x4.4%₹85.9b
DBCORP D. B
12.6x9.7%₹56.6b
NAZARA Nazara Technologies
110.4x27.4%₹90.0b

Price-To-Earnings vs Peers: NAZARA is expensive based on its Price-To-Earnings Ratio (110.4x) compared to the peer average (37.2x).

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)
2.6xn/aUS$958.51k
No more companies available in this PE range
NAZARA 110.4xIndustry Avg. 39.6xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NAZARA is expensive based on its Price-To-Earnings Ratio (110.4x) compared to the Indian Entertainment industry average (39.6x).

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 Ratio110.4x
Fair PE Ratio35.1x

Price-To-Earnings vs Fair Ratio: NAZARA is expensive based on its Price-To-Earnings Ratio (110.4x) compared to the estimated Fair Price-To-Earnings Ratio (35.1x).

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₹1,033.80
₹945.73
-8.5%
21.6%₹1,315.00₹605.00n/a11
Dec ’25₹1,000.90
₹945.73
-5.5%
21.6%₹1,315.00₹605.00n/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₹590.00₹1,000.9010
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

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 11:26
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Nazara Technologies Limited is covered by 16 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vijayaraghavan SwaminathanAvendus Spark
Gnanasundaram SaminathanAvendus Spark
null nullBatlivala & Karani Securities India Pvt. Ltd.