Nazara Technologies cash flow

Latest FY26

Cash from operations: ₹149cr+126.9% on FY25
Capital spending: ₹113cr−23.7% on FY25
Free cash flow: ₹35.9cr−₹82.3 cr in FY25
Cash from financing: ₹361cr−55.2% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	231	118	67.0	57.1
	—	922	31.8	0.0	8.6
	—	22.5	9.9	6.8	4.7
	—	−8.9	−49.4	−39.9	−14.0
	—	−102	−17.3	−15.4	−25.5
	—	1.9	6.3	4.9	1.1
	—	−18.5	−0.4	0.0	0.0
	—	2.6	0.0	16.6	−2.2
	—	−1,120	0.0	−8.2	0.0
	—	14.9	−13.1	0.0	1.1
	—	−3.7	−0.1	−13.1	−18.4
	—	70.3	−77.4	−69.1	−61.8
	—	16.7	0.0	−4.1	−0.7
	—	0.5	0.0	−0.8	−101
	—	0.0	4.5	0.0	0.0
	—	−159	19.7	84.1	5.9
	—	0.0	0.0	0.0	90.4
	—	−1.0	0.6	−1.0	0.1
Cash from operating activities
	118	324	85.6	103	88.8
	—	−133	32.7	27.9	−54.7
	—	191	118	131	34.1
	—	42.6	52.8	40.6	26.0
	—	149	65.5	90.8	8.1
Cash from investing activities
	—	113	148	26.9	8.3
	—	0.1	0.1	0.0	0.1
	—	1,055	799	0.0	18.8
	—	746	0.0	0.0	1.6
	—	232	759	0.0	134
	—	0.0	0.0	0.0	0.3
	—	0.0	20.0	25.0	0.0
	—	0.1	0.0	0.0	0.0
	—	10.7	67.1	24.2	8.4
	—	100	525	−575	55.4
	—	−542	−1,134	−603	−95.0
Cash from financing activities
	—	495	865	752	16.3
	—	10.8	0.0	170	0.0
	—	55.1	7.5	38.3	26.2
	—	153	44.4	0.0	0.0
	—	27.7	11.8	0.0	0.0
	—	—	—	5.5	7.1
	—	19.0	9.8	0.0	4.7
	—	−0.9	−1.8	−20.9	−16.1
	—	361	805	934	14.6
	—	−33.0	−264	422	−72.3
	—	−91.2	−4.6	3.3	6.3
	—	−124	−268	425	−66.0
	—	—	—	567	142
Reference items
	279	249	122	99.6	101
	13.7%	13.6%	7.5%	8.8%	9.3%
	35.9	35.9	−82.3	63.9	−0.2
	—	−12.8	39.9	—	—
	₹0.97	₹0.97	−₹2.22	₹1.73	−₹0.01
	418.27×	—	—	—	—
	—	−6.40×	1.29×	1.21×	0.13×
	—	42.6	52.8	40.6	26.0
	—	19.0	9.8	—	4.7

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

NAZARA₹405.40

Nazara Technologies Ltd.

· Telecom & Media

₹ CrorePeersNETWORK18 TIPSMUSIC NEXTMEDIA RADAAN DBCORP CREATIVEYE HATHWAY RADIOCITYMcap ₹15,020 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	57.1	67.0	117.7	230.6	—
+ Impairment Loss / (Reversal)	8.6	0.0	31.8	921.6	—
+ Finance Costs	4.7	6.8	9.9	22.5	—
+ Interest Income	-14.0	-39.9	-49.4	-8.9	—
+ Fair Value (Gains) / Losses	-25.5	-15.4	-17.3	-102.3	—
+ Share-based Payments	1.1	4.9	6.3	1.9	—
+ Unrealised FX (Gain) / Loss	0.0	0.0	-0.4	-18.5	—
+ Other Non-cash Items	-2.2	16.6	0.0	2.6	—
+ Other — Cash Effects are Investing / Financing	0.0	-8.2	0.0	-1,120.3	—
+ Other Reconciling Items	1.1	0.0	-13.1	14.9	—
Changes in Working Capital
+ Inventories	-18.4	-13.1	-0.1	-3.7	—
+ Trade Receivables — Current	-61.8	-69.1	-77.4	70.3	—
+ Other Financial Assets — Current	-0.7	-4.1	0.0	16.7	—
+ Other Current Assets	-101.1	-0.8	0.0	0.5	—
+ Other Non-current Assets	0.0	0.0	4.5	0.0	—
+ Trade Payables — Current	5.9	84.1	19.7	-159.2	—
+ Other Current Liabilities	90.4	0.0	0.0	0.0	—
+ Provisions — Current	0.1	-1.0	0.6	-1.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	88.8	103.4	85.6	323.8	118.3
+ Total Adjustments (incl. Working Capital)	-54.7	27.9	32.7	-132.6	—
Cash from Operations (pre-tax)	34.1	131.4	118.3	191.2	—
+ Income Taxes Paid	26.0	40.6	52.8	42.6	—
Cash from Operating Activities	8.1	90.8	65.5	148.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	8.3	26.9	147.8	112.7	—
+ Disp of Fixed Assets	0.1	0.0	0.1	0.1	—
+ Purchase of Investments (Equity / Debt)	18.8	0.0	799.4	1,054.6	—
+ Sale of Investments (Equity / Debt)	1.6	0.0	0.0	745.6	—
+ Acq of Subsidiaries / Businesses (net)	133.7	0.0	759.3	231.7	—
+ Disp of Subsidiaries / Businesses (net)	0.3	0.0	0.0	0.0	—
+ Loans & Advances Made	0.0	25.0	20.0	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.1	—
+ Interest Received — Investing	8.4	24.2	67.1	10.7	—
+ Other Inflows / (Outflows) — Investing	55.4	-575.4	525.3	100.2	—
Cash from Investing Activities	-95.0	-603.0	-1,134.0	-542.5	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	16.3	751.9	865.1	495.0	—
+ Proceeds — Change in Ownership of Subsidiaries	0.0	170.1	0.0	10.8	—
+ Proceeds from Borrowings	26.2	38.3	7.5	55.1	—
+ Repayment of Borrowings	0.0	0.0	44.4	152.5	—
+ Payment of Lease Liabilities	0.0	0.0	11.8	27.7	—
+ Payment of Finance Lease Liabilities	7.1	5.5	—	—	—
+ Interest Paid	4.7	0.0	9.8	19.0	—
+ Other Inflows / (Outflows) — Financing	-16.1	-20.9	-1.8	-0.9	—
Cash from Financing Activities	14.6	933.8	804.9	360.9	—
Net Changes in Cash (pre-FX)	-72.3	421.6	-263.5	-33.0	—
+ Effect of FX Rate Changes on Cash	6.3	3.3	-4.6	-91.2	—
Net Changes in Cash	-66.0	424.9	-268.2	-124.2	—
Closing Cash	142.1	567.0	—	—	—
Reference Items
EBITDA	101.1	99.6	121.7	249.0	279.3
EBITDA Margin %	9.27	8.75	7.49	13.61	13.72
Free Cash Flow (CFO − Capex)	-0.2	63.9	-82.3	35.9	35.9
Free Cash Flow to Equity	—	—	39.9	-12.8	—
Free Cash Flow per Basic Share	-0.01	1.73	-2.22	0.97	0.97
Price to Free Cash Flow	—	—	—	—	418.27
Cash Flow to Net Income	0.13	1.21	1.29	-6.40	—
Cash Paid for Taxes	26.0	40.6	52.8	42.6	—
Cash Paid for Interest	4.7	—	9.8	19.0	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.