Nazara Technologies share price today

Nazara Technologies Ltd's share price was ₹412.10 at the close on 6 November 2026. It has been rising for 21 weeks. That is 25.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹226 and ₹418, and at that close it sat 97% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Nazara Technologies Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 18 weeks in a row.

Over the last 5.6 years the share price moved +97% while the NIFTY 500 moved +75%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: operating margin up 42 points on a year earlier, revenue grew again in the September 2026 quarter and promoters cut their stake by 2 points in one quarter.

1. Operating margin up 42 points on a year earlier

   11% in the September 2026 quarter, from -31%.

   Why: Margins rose because gaming became most of the business, and that part ran at a 21.5% margin.

   Next results: check whether Traitors keeps players paying as marketing moves beyond people who already play Nazara games.

   From the earnings call on 27 Oct 2026.

2. Revenue grew again in the September 2026 quarter

   Revenue was ₹803 crore, +52.7% on a year earlier (₹526 crore), after 3 quarters of decline.

   Why: Revenue rose because Nazara added Fusebox and Bestplay sales for the first time, and its existing game studios also sold more.

   Next results: check whether Datawrkz revenue falls for a while as its main client pauses ad spending.

   From the earnings call on 27 Oct 2026.

3. Promoters cut their stake by 2 points in one quarter

   From 34% to 32% in the October 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Nazara Technologies reported revenue of ₹803 crore, up 52.7% from ₹526 crore a year earlier, and a profit of ₹35.0 crore, against a loss of ₹34.0 crore a year earlier.

Nazara Technologies results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Nazara Technologies' management discussed these results on a call held on 27 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Nazara Technologies closed at ₹412.10 on 6 November 2026, up 55.5% from ₹265.05 a year earlier (7 November 2025) and up 43.2% over five years. Its highest weekly close since April 2021 was ₹418.15 on 16 October 2026.

Nazara Technologies share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

299 weekly closes from 1 April 2021 to 6 November 2026.

6 Nov 2026: Nazara Technologies closed at ₹412.10, up 3.3% on the week and up 9.1% on the month. 27 Oct 2026: Nazara Technologies held its results call for July to September 2026. Management guided: AI-operated group and studios planned within a year; new ad-monetization COE planned.

Earlier

• Results for July to September 2026: Revenue up 52.7% on a year earlier.
• 26 Sep 2025: Share split: face value cut from ₹4 to ₹2 a share (ex-date).
• 26 Sep 2025: Bonus issue: 1 new share for every 1 held (ex-date).

Nazara Technologies has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Nazara Technologies Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 11 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 27 October 2026, Nazara Technologies' management guided: AI-operated group and studios planned within a year; new ad-monetization COE planned.

“In a year's time, what we need to achieve is an AI-operated company, group, and set of studios that can feed into and from that central platform.”Raymond Stauffer, on the call for July to September 2026

What management guided

• Five additional Funky Monkeys stores planned in FY27.
• SMAAASH 2.0 launch expected in the next few months, pending approvals.
• Datawrkz revenue expected to dip temporarily in H2 as its anchor client restructures and pauses ad spend.
• Several Nextwave game releases planned over the next year.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 27 October 2026.

When Nazara Technologies reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Traitors retention and payer quality as marketing expands beyond users drawn from existing games.

Nazara Technologies is on 2 of our India lists: Momentum stocks and Small & mid cap stocks.

Nazara Technologies Ltd earned ₹35.0 Cr of net profit in the Sep 2026 quarter. Full-year FY26 profit was ₹82.0 Cr. Over 10 years profit has grown 2.4% a year on average. That is 4.4% of the quarter's revenue. The same quarter a year earlier lost ₹34.0 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹82.0 Cr (+60.8% on the year before).

On average over the last four quarters, profit changed +334.5% and revenue −2.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Nazara Technologies Ltd reported ₹803 Cr of revenue in the Sep 2026 quarter, +52.7% on the same quarter a year earlier. Over 10 years it has grown 24.1% a year on average. The last full year, FY26, came in at ₹1,829 Cr. The last four reported quarters add to ₹2,036 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,829 Cr, +12.6% on the year before.

Recent pace: the last four quarters grew −2.2% on average, against 24.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −2.1%, against +32.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −48.6%, against −49.3% a year (stabilising).

Nazara Technologies Ltd's operating margin was 11.0% in the Sep 2026 quarter, 42.0 percentage points higher than the same quarter a year ago. Across 11 years it has been between −3.0% and 36.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +42.3 percentage points on the year while gross margin changed +1.4 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 147% of Nazara Technologies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹149 Cr of operating cash against ₹82.0 Cr of profit. After −₹41.0 Cr of spending on assets, ₹190 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Nazara Technologies Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹1,829 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹1,306 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 23.8% of FY26 revenue a year.

Spending on assets: ₹1,306 Cr over the last 3 years, against ₹416 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹42.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Nazara Technologies Ltd's P/E is 1,249.1×, about the highest it has ever been. Its usual P/E (the middle reading) is 101.3×, over 4.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹0.32.

Why the multiple is where it is: over the past year earnings per share moved +19.9% while the price moved +55.5%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +26.8% a year; about +156.3% a year came from earnings growth and about −129.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 86% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Nazara Technologies Ltd's business is giving mixed signals. Revenue, profit and EPS growth are shrinking while ROCE is still rising at 27.0%, so growth and returns point different ways. This is based on 9 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Nazara Technologies Ltd earned a ROCE of 27% in FY26. That is up from a low of −4% in FY20. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 4.5% net margin and 0.42× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 4.5% net margin × 0.42× asset turnover × 1.25× leverage (assets divided by equity) ≈ 2.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 86% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Nazara Technologies Ltd had ₹215 Cr of borrowings against ₹3,473 Cr of equity in FY26, so its debt is 0.06× its equity. Its operating profit is −1 times its interest bill. Over 5 years borrowings went from ₹1.0 Cr to ₹215 Cr. Over the last 3 of those years it spent ₹1,306 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 86% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Promoters raised their stake in Nazara Technologies Ltd by 23.7 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 32.0% of the company. Domestic institutions moved −7.1 points over the same period, to 2.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: +23.7 points over 8 quarters, to 32.0%; Domestic institutions: −7.1 points over 8 quarters, to 2.8%; Foreign institutions: +2.4 points over 8 quarters, to 15.4%.

Why the owners changed: foreign institutions moved +2.4 points and domestic institutions −7.1 points over 8 quarters, while promoters moved +23.7 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Nazara Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

66.2 out of 100, rank 4 of 25 in Entertainment & Media, with 67% of the evidence available.

Nazara Technologies Ltd scores 66.2 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 4. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.

The four parts add up to the total exactly: 22.8 + 18.2 + 8.5 + 16.7 = 66.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Nazara Technologies ranks 4 of 25 Entertainment & Media companies on the 4-Factor Sector Score, with 66.2 out of 100.