# Nazara Technologies share price today (Nazara Technologies Ltd, NSE: NAZARA)

> Nazara Technologies share price today: ₹421.05 at the NSE close on 4 November 2026, up 58.9% in a year. Nazara Technologies (NSE: NAZARA) is worth ₹17,194 crore, trades at a P/E of 1,279.0 and has closed between ₹225.75 and ₹421.05 over the past 52 weeks. > Nazara Technologies Ltd's share price has risen faster than its earnings: +58.9% in a year, against +19.9% for earnings per share. NAZARA · Entertainment & Media · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/nazara-technologies-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹421.05 (+58.9% in a year)
- P/E: 1,279.0× (higher than 100% of the last 4.7 years)
- Revenue (Sep 2026): ₹803 Cr (+52.7% on a year ago)
- Profit (Sep 2026): ₹35.0 Cr
- Operating margin: 11.0% (+42.0 points on a year ago)
- ROCE: 27%, FY26
- Profit that came in as cash: 147%, last 3 years

The main question: the share price moved +58.9% in a year while yearly earnings per share moved +19.9%. The difference came from the market paying a higher multiple. ## What is the Nazara Technologies share price today? Nazara Technologies Ltd's share price was ₹421.05 at the close on 4 November 2026. It has been rising for 21 weeks. That is 30.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹226 and ₹421, and at that close it was at the high of that range. 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 +102% 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. ## What changed at Nazara Technologies this quarter? 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. ## What are Nazara Technologies' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹803 crore | ₹526 crore | +52.7% |
| Profit | ₹35.0 crore | loss of ₹34.0 crore | n/a |
| Earnings per share | ₹0.94 | ₹−0.79 | n/a |
| Operating margin | 11.0% | −31.0% | +42.0 points |

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.)

## What is the Nazara Technologies share price history? Nazara Technologies closed at ₹421.05 on 4 November 2026, up 58.9% from ₹265.05 a year earlier (7 November 2025) and up 46.4% over five years. Its highest weekly close since April 2021 was ₹421.05 on 4 November 2026. ### Nazara Technologies share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹398.80 | +5.6% |
| 1 month ago · 1 Oct 2026 | ₹384.70 | +9.4% |
| 6 months ago · 8 May 2026 | ₹268.60 | +56.8% |
| 1 year ago · 7 Nov 2025 | ₹265.05 | +58.9% |
| 3 years ago · 3 Nov 2023 | ₹201.97 | +108.5% |
| 5 years ago · 4 Nov 2021 | ₹287.70 | +46.4% |
| Earliest weekly close in our records · 1 Apr 2021 | ₹208.84 | +101.6% |
| Highest weekly close since April 2021, also the 52-week high · 4 Nov 2026 | ₹421.05 | 0.0% |
| Lowest weekly close since April 2021 · 17 Mar 2023 | ₹123.15 | +241.9% |
| 52-week low (weekly close) · 12 Dec 2025 | ₹225.75 | +86.5% |

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 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (299 weekly closes from 1 April 2021 to 4 November 2026.)

## What is the latest news on Nazara Technologies? 4 Nov 2026: Nazara Technologies closed at ₹421.05, up 5.6% on the week and up 9.4% 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). ## What dividend does Nazara Technologies pay? 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 5 November 2026.)

## What did Nazara Technologies management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/7224/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 27 October 2026.)

## What to watch in Nazara Technologies' next results? 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. - What to check (from the call)
- Traitors retention and payer quality as marketing expands beyond users drawn from existing games. - Flinky Go iterations against internal retention gates and any decision to scale. - SMAAASH 2.0 launch progress after regulatory approvals. - Bluetile/BestPlay lender close and remaining payment timing against the stated tranche plan. ## Which stock lists is Nazara Technologies on? Nazara Technologies is on 2 of our India lists: Momentum stocks and Small & mid cap stocks. - [Momentum stocks Market cap cr: 17203.080992978936](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 399](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Nazara Technologies profitable? 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. 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. ## How much revenue does Nazara Technologies make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Nazara Technologies keep? 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. 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. ## Is Nazara Technologies' profit turning into cash? 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. 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. ## Where does Nazara Technologies' cash go? 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. 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. ## What is Nazara Technologies' P/E ratio, and how does it compare with its own history? Nazara Technologies Ltd's P/E is 1,279.0×, 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. 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 +58.9%. 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 +27.7% a year; about +156.3% a year came from earnings growth and about −128.6 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. ## Is the Nazara Technologies business getting better or worse? 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. 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. ## How much does Nazara Technologies earn on its capital? 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). 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. ## Does Nazara Technologies have too much debt? 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. 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. ## What is the Nazara Technologies shareholding pattern? 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. 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. ## How far is Nazara Technologies from balance-sheet trouble? 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. ## How does Nazara Technologies rank in its industry? 66.3 out of 100, rank 3 of 25 in Entertainment & Media, with 67% of the evidence available. Nazara Technologies Ltd scores 66.3 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 3. 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 + 18.3 + 8.5 + 16.7 = 66.3. 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. ## Which companies is Nazara Technologies compared with? Nazara Technologies ranks 3 of 25 Entertainment & Media companies on the 4-Factor Sector Score, with 66.3 out of 100. 1. [PVR Inox Ltd](https://www.sectoralpha.in/stocks/pvr-inox-ltd) PVRINOX · leader · Most evidence points up · 100% evidence 73.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.7/35 · Revenue 15% · Profit 100% · Operating margin change 3 points · 100% evidence Capital efficiency 13.5/25 · ROCE 6.8% · Operating margin 37% · 100% evidence Valuation 14.8/20 · P/E 30.9× · PEG 0.54 · 100% evidence Relative strength 18.6/20 · Lead over its industry 47.7% · Lead over NIFTY 500 44.8% · 1 year 23.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.7 + 13.5 + 14.8 + 18.6 = 73.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Media Matrix Worldwide Ltd](https://www.sectoralpha.in/stocks/media-matrix-worldwide-ltd) MMWL · breaking out · Most evidence points up · 75% evidence 67.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Revenue 50.7% · Profit 100% · Operating margin change 0 points · 95% evidence Capital efficiency 11.3/25 · ROCE 9.7% · Operating margin 1.7% · 76% evidence Valuation 9.0/20 · P/E 258× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 66.2% · Lead over NIFTY 500 62.6% · 1 year 57.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 26.8 + 11.3 + 9 + 20 = 67.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Nazara Technologies Ltd this page NAZARA · leader · Most evidence points up · 67% evidence 66.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue -2.1% · Profit -48.6% · Operating margin change 42 points · 71% evidence Capital efficiency 18.3/25 · ROCE 27.1% · Operating margin 11% · 76% evidence Valuation 8.5/20 · P/E 1212× · PEG n/a · 15% evidence Relative strength 16.7/20 · Lead over its industry 43.3% · Lead over NIFTY 500 40.6% · 1 year 49.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.8 + 18.3 + 8.5 + 16.7 = 66.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Nila Spaces Ltd](https://www.sectoralpha.in/stocks/nila-spaces-ltd) NILASPACES · Evidence leans up · 76% evidence 64.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 33.8/43.75 · Revenue 31.1% · Profit 75.5% · Operating margin change 9.1 points · 88% evidence Capital efficiency 22.8/31.25 · ROCE 30.5% · Operating margin 38.7% · 100% evidence Valuation 8.1/25 · P/E 14× · PEG 3.29 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 33.8 + 22.8 + 8.1 = 64.7 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 5. [Hindustan Media Ventures Ltd](https://www.sectoralpha.in/stocks/hindustan-media-ventures-ltd) HMVL · quiet · Evidence leans up · 81% evidence 64.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue 10.8% · Profit 2.3% · Operating margin change 8 points · 88% evidence Capital efficiency 13.7/25 · ROCE 10.8% · Operating margin 14% · 100% evidence Valuation 19.5/20 · P/E 3.4× · PEG 0.19 · 100% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 3.1% · 1 year n/a · 25% evidence · 3 of 12 weeks ahead Exact sum: 20.3 + 13.7 + 19.5 + 11 = 64.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Prime Focus Ltd](https://www.sectoralpha.in/stocks/prime-focus-ltd) PFOCUS · breaking out · Evidence leans up · 79% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 29.2% · Profit 100% · Operating margin change 0 points · 88% evidence Capital efficiency 15.3/25 · ROCE 11.3% · Operating margin 24% · 100% evidence Valuation 9.3/20 · P/E 126× · PEG n/a · 15% evidence Relative strength 10.1/20 · Lead over its industry 17.1% · Lead over NIFTY 500 15% · 1 year 58.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 24.7 + 15.3 + 9.3 + 10.1 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Basilic Fly Studio Ltd](https://www.sectoralpha.in/stocks/basilic-fly-studio-ltd) BASILIC · basing · Evidence leans up · 63% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 10.5% · Profit -9.7% · Operating margin change -5.8 points · 83% evidence Capital efficiency 19.8/25 · ROCE 21.5% · Operating margin 13.9% · 76% evidence Valuation 14.4/20 · P/E 9.1× · PEG n/a · 50% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -22.6% · 1 year -54.6% · 25% evidence · 2 of 11 weeks ahead Exact sum: 11.7 + 19.8 + 14.4 + 8.1 = 54 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Sun TV Network Ltd](https://www.sectoralpha.in/stocks/sun-tv-network-ltd) SUNTV · breaking out · Evidence leans up · 100% evidence 53.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.9/35 · Revenue -5% · Profit -4.9% · Operating margin change -10 points · 100% evidence Capital efficiency 18.2/25 · ROCE 16.4% · Operating margin 48% · 100% evidence Valuation 8.7/20 · P/E 15.1× · PEG 1.34 · 100% evidence Relative strength 16.1/20 · Lead over its industry 18.5% · Lead over NIFTY 500 15.9% · 1 year 8.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 10.9 + 18.2 + 8.7 + 16.1 = 53.9 · What this means: Relative strength against the index is 15.9%, and revenue and profit growth are weak. 9. [Amagi Media Labs Ltd](https://www.sectoralpha.in/stocks/amagi-media-labs-ltd) AMAGI · quiet · Too little evidence to rank firmly · 51% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.4/43.75 · Revenue 31% · Profit n/a · Operating margin change 7.4 points · 65% evidence Capital efficiency 10.3/31.25 · ROCE 8% · Operating margin 7% · 100% evidence Valuation 11.8/25 · P/E 117× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 31.4 + 10.3 + 11.8 = 53.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [City Pulse Multiventures Ltd](https://www.sectoralpha.in/stocks/city-pulse-multiventures-ltd) basing · Evidence leans down · 61% evidence 49.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 100% · Profit 100% · Operating margin change -48 points · 83% evidence Capital efficiency 9.8/25 · ROCE 3.2% · Operating margin 19% · 95% evidence Valuation 9.7/20 · P/E 61.4× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -93.2% · 1 year -96% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 9.8 + 9.7 + 7.5 = 49.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [H T Media Ltd](https://www.sectoralpha.in/stocks/h-t-media-ltd) HTMEDIA · basing · Evidence leans down · 78% evidence 47.7 out of 100 Growth Capital Valuation Relative
12. [Zee Media Corporation Ltd](https://www.sectoralpha.in/stocks/zee-media-corporation-ltd) ZEEMEDIA · Too little evidence to rank firmly · 51% evidence 47.7 out of 100 Growth Capital Valuation Relative
13. [Panorama Studios International Ltd](https://www.sectoralpha.in/stocks/panorama-studios-international-ltd) PANORAMA · breaking out · Too little evidence to rank firmly · 56% evidence 45.1 out of 100 Growth Capital Valuation Relative
14. [T.V. Today Network Ltd](https://www.sectoralpha.in/stocks/tv-today-network-ltd) TVTODAY · basing · Evidence leans down · 81% evidence 44.5 out of 100 Growth Capital Valuation Relative
15. [Den Networks Ltd](https://www.sectoralpha.in/stocks/den-networks-ltd) DEN · basing · Evidence leans down · 67% evidence 41.8 out of 100 Growth Capital Valuation Relative
16. [Network 18 Media & Investments Ltd](https://www.sectoralpha.in/stocks/network-18-media-investments-ltd) NETWORK18 · basing · Evidence leans down · 60% evidence 41.5 out of 100 Growth Capital Valuation Relative
17. [Balaji Telefilms Ltd](https://www.sectoralpha.in/stocks/balaji-telefilms-ltd) BALAJITELE · breaking out · Evidence leans down · 61% evidence 38.8 out of 100 Growth Capital Valuation Relative
18. [GTPL Hathway Ltd](https://www.sectoralpha.in/stocks/gtpl-hathway-ltd) GTPL · basing · Too little evidence to rank firmly · 57% evidence 37.0 out of 100 Growth Capital Valuation Relative
19. [Hathway Cable & Datacom Ltd](https://www.sectoralpha.in/stocks/hathway-cable-datacom-ltd) HATHWAY · basing · Evidence leans down · 100% evidence 35.5 out of 100 Growth Capital Valuation Relative
20. [Zee Entertainment Enterprises Ltd](https://www.sectoralpha.in/stocks/zee-entertainment-enterprises-ltd) ZEEL · quiet · Evidence leans down · 85% evidence 35.2 out of 100 Growth Capital Valuation Relative
21. [Entertainment Network (India) Ltd](https://www.sectoralpha.in/stocks/entertainment-network-indialtd) ENIL · Too little evidence to rank firmly · 51% evidence 30.7 out of 100 Growth Capital Valuation Relative
22. [New Delhi Television Ltd](https://www.sectoralpha.in/stocks/new-delhi-television-ltd) NDTV · quiet · Most evidence points down · 71% evidence 27.5 out of 100 Growth Capital Valuation Relative
23. [Bright Outdoor Media Ltd](https://www.sectoralpha.in/stocks/bright-outdoor-media-ltd) Too little evidence to rank firmly · 34% evidence 57.5 out of 100 Growth Capital Valuation Relative
24. [DAPS Advertising Ltd](https://www.sectoralpha.in/stocks/daps-advertising-ltd) Too little evidence to rank firmly · 31% evidence 54.8 out of 100 Growth Capital Valuation Relative
25. [Dish TV India Ltd](https://www.sectoralpha.in/stocks/dish-tv-india-ltd) DISHTV · Too little evidence to rank firmly · 48% evidence 21.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Entertainment & Media](https://www.sectoralpha.in/sectors/entertainment-media), all 25 compared on one page. ## Which companies are close to Nazara Technologies in size? Nazara Technologies is the 3rd largest of 25 Entertainment & Media companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Sun TV Network and Prime Focus. Just below it: PVR Inox, Amagi Media Labs, Zee Entertainment Enterprises and Network 18 Media & Investments. ### Entertainment & Media companies close in size

1. [Sun TV Network Ltd](https://www.sectoralpha.in/stocks/sun-tv-network-ltd) ₹23,943 crore
2. [Prime Focus Ltd](https://www.sectoralpha.in/stocks/prime-focus-ltd) ₹22,436 crore
3. Nazara Technologies Ltd ₹16,294 crore
4. [PVR Inox Ltd](https://www.sectoralpha.in/stocks/pvr-inox-ltd) ₹14,682 crore
5. [Amagi Media Labs Ltd](https://www.sectoralpha.in/stocks/amagi-media-labs-ltd) ₹11,900 crore
6. [Zee Entertainment Enterprises Ltd](https://www.sectoralpha.in/stocks/zee-entertainment-enterprises-ltd) ₹6,378 crore
7. [Network 18 Media & Investments Ltd](https://www.sectoralpha.in/stocks/network-18-media-investments-ltd) ₹3,662 crore

[All 25 Entertainment & Media companies, largest first](https://www.sectoralpha.in/sectors/entertainment-media#all-companies)

### Companies close in size in other industries

1. [Happy Forgings Ltd](https://www.sectoralpha.in/stocks/happy-forgings-ltd) ₹16,503 crore · Castings, Forgings & Fastners
2. [CreditAccess Grameen Ltd](https://www.sectoralpha.in/stocks/creditaccess-grameen-ltd) ₹16,434 crore · Finance & Investments - Microfinance
3. Nazara Technologies Ltd ₹16,294 crore
4. [Ratnamani Metals & Tubes Ltd](https://www.sectoralpha.in/stocks/ratnamani-metals-tubes-ltd) ₹16,256 crore · Stainless Steel
5. [Syngene International Ltd](https://www.sectoralpha.in/stocks/syngene-international-ltd) ₹16,256 crore · Pharma - API & CRAMS

## What else do people ask about Nazara Technologies? ### What is Nazara Technologies's share price today? Nazara Technologies Ltd's share price is ₹421.05, +58.9% over the past year. The whole company is worth ₹17,194 Cr on the market. It is at its highest price of the past 52 weeks (range ₹226 to ₹421), 30.0% above its 200-day average. The price has been rising for 21 weeks (as of 4 November 2026). ### What were Nazara Technologies's latest quarterly results? Nazara Technologies Ltd reported revenue of ₹803 Cr and net profit of ₹35.0 Cr for the Sep 2026 quarter. Earnings per share were ₹0.94. The operating margin was 11.0%, 42.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Nazara Technologies's market cap? Nazara Technologies Ltd's market capitalisation is ₹17,194 Cr at a share price of ₹421.05. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Nazara Technologies performing? Nazara Technologies Ltd's share price has been rising for 21 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 18 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will Nazara Technologies's share price go up? This page does not forecast Nazara Technologies Ltd's share price. What it shows instead: the share price is ₹421.05, and it has been rising for 21 weeks. Its P/E of 1,279.0× is higher than 100% of its own last 5 years (as of 4 November 2026). ### Who owns Nazara Technologies? Promoters own 32.0% of Nazara Technologies Ltd, foreign institutions 15.4%, domestic institutions 2.8% and the public 49.8% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 23.7 percentage points over 8 quarters (as of 4 November 2026). ### Where is Nazara Technologies in its business cycle? Nazara Technologies Ltd's FY26 operating margin was −1.5%, against a 11-year range of −3.0% to 36.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Nazara Technologies story? The main question: the share price moved +58.9% in a year while yearly earnings per share moved +19.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Nazara Technologies a stock worth studying right now? What the numbers show: Nazara Technologies Ltd's share price has risen faster than its earnings: +58.9% in a year, against +19.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Nazara Technologies share price forecast for 2026? What management itself guided: AI-operated group and studios planned within a year; new ad-monetization COE planned. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.