NAZARA
Nazara Technologies Limited
Each stock's 10,000-path forecast, rendered as light.
Nazara Technologies Limited (NAZARA) Stock Analysis & Case Study
Is NAZARA a good buy? The data-driven verdict.
Nazara Technologies Limited (NAZARA) trades at ₹352,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.
On the numbers, Nazara Technologies Limited (NAZARA) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 93.8× earnings, ROE of 30.5%, a 55% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
NAZARA fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How NAZARA ranks against the 2,373 companies in our screener
- NAZARA's market cap of 13,523 Cr ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NAZARA's book value of ₹94 ranks in the 50th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NAZARA's promoter holding of 34.1% ranks in the 11th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NAZARA's 3-year profit (PAT) growth of 194.0% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NAZARA's 3-year revenue growth of 19.0% ranks in the 72nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NAZARA's debt-to-equity ratio of 0.06x is lower than 84% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is NAZARA overvalued? NAZARA P/E vs peers
NAZARA trades at 93.8× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
NAZARA share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 5.3y of NAZARA history (11%/yr drift, 37%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| NAZARA 2027 | ₹228 | ₹369 | ₹596 | +5% |
| NAZARA 2028 | ₹196 | ₹386 | ₹759 | +10% |
| NAZARA 2029 | ₹177 | ₹404 | ₹923 | +15% |
| NAZARA 2030 | ₹165 | ₹423 | ₹1,083 | +20% |
| NAZARA 2031 | ₹154 | ₹443 | ₹1,271 | +26% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability NAZARA goes up, or doubles?
The bull case for NAZARA
- NAZARA's return on equity of 30.5% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- NAZARA's return on capital employed of 27.2% ranks in the 90th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹923.
The bear case & risks
- NAZARA's P/E of 93.8x is lower than 12% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹177.
NAZARA volatility & expected range, how bumpy is the ride?
Over the last 5.3 years NAZARA compounded at 11%/year with annualized volatility of 37%. That volatility implies a 1-year 80% range of ₹228-₹596, the honest backbone behind any single price target.
NAZARA price forecast, the full 60-month probability fan
NAZARA price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds NAZARA hits common targets within the simulated horizon?
Full multi-horizon detail on the NAZARA price target & forecast page.
NAZARA Piotroski F-Score: 5/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. NAZARA scores 5/8, mixed financial health.
NAZARA MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy NAZARA with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 35.00% | 2.9× |
| Zerodha | 33.42% | 3.0× |
| Groww | 33.57% | 3.0× |
| Dhan | 33.42% | 3.0× |
| Kotak Neo | 33.44% | 3.0× |
| Paytm Money | 42.99% | 2.3× |
| PocketfulCHEAPEST | 33.36% | 3.0× |
| Fyers | 34.48% | 2.9× |
| Anand Rathi | 33.42% | 3.0× |
| Share India | 33.53% | 3.0× |
Compare every broker on the NAZARA MTF page.
Which ace investors hold NAZARA?
Held by 1 tracked superstar investor (from public NSE/BSE disclosures):
About Nazara Technologies Limited: sector, index & market-cap context
Nazara Technologies Limited (NAZARA) is a small-cap NSE-listed company, with a market capitalisation of ₹13,523 Cr. See more stocks on our screener.
How the NAZARA Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Nazara Technologies Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
NAZARA analysis, FAQs
Is Nazara Technologies Limited (NAZARA) a good buy?
On the numbers, Nazara Technologies Limited (NAZARA) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 93.8× earnings, ROE of 30.5%, a 55% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is NAZARA overvalued or undervalued?
NAZARA trades at 93.8× earnings, expensive versus the ~22× long-run Nifty average.
What is the NAZARA share price target for 2031?
NAZARA's probability-weighted 2031 median target is ₹443, with an 80% range of ₹154-₹1,271 (10,000-path Monte-Carlo).
What is the probability NAZARA doubles in 5 years?
The modelled probability of NAZARA reaching ₹705 (2×) within 5 years is 29%.
What is the bull case for NAZARA?
NAZARA's return on equity of 30.5% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. NAZARA's return on capital employed of 27.2% ranks in the 90th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in NAZARA?
NAZARA's P/E of 93.8x is lower than 12% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.