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Software · Packaged Software · NSE: NAZARA · data 2026-11-03

Nazara Technologies Ltd.

₹401.65Health: Average 5.8/10
Feb 2026Low ₹217.65 · High ₹418.15+46.5%

In plain words

Price: 4.3% below its 52-week high of ₹419.9.

Delivery: 51.7% of traded shares were kept for delivery over the last 10 sessions, against 49.6% over the last 60.

Latest results: a net profit of ₹36 cr for the quarter ended Sept 2026.

A description of the data, not a recommendation.

Open full analysis — chart, results, balance sheet, red flags →

Key figures

Price
₹401.65
Market cap
₹14,761 cr
P/E
1,232.4
P/B
4.3
ROE
2.6%
ROCE
0.8%
Debt / equity
0.06
Dividend yield
0.00%
1-year return
48.3%
52-week high
₹419.9
52-week low
₹215.7
Operating margin
2.6%

Growth

Revenue (last 12 months)₹2,036 cr
Net profit (last 12 months)₹13 cr
Sales growth, 3 years (yearly)18.8%
Profit growth, 3 years (yearly)34.5%

At a glance

Ownership
Weak

Promoters 34.0% (-1.5 pts in a year), pledged 87.7%, institutions 18.2%.

Valuation
High

P/E 1232.4, P/B 4.3, dividend yield 0.0%. Price relative to earnings and book value (low is cheaper, not better).

Efficiency
Weak

ROE 2.6%, ROCE 0.8%, operating margin 2.6%: how much profit it earns on the money it uses.

Financials
Strong

Debt/equity 0.06, Profit growth 34.5% and sales growth 18.8% a year over 3 years.

Ratings use fixed thresholds on the latest reported figures. They describe the numbers and are not a recommendation.

Strengths and limitations

Strengths
  • Virtually debt-free (debt/equity 0.1 or less).
  • Profit grew 34.5% a year over 3 years.
Limitations
  • Low return on equity (2.6%).
  • Thin operating margin (2.6%).
  • Promoters have pledged 87.7% of their shares.
  • Promoters cut their holding by 1.5 points in a year.
  • Expensive on earnings (P/E 1232.4).

Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.

Latest results in brief (Q2 FY27)

NAZARA Q2 FY27 results (consolidated figures, as filed on NSE).

Revenue was ₹803.15 crore, up 52.6% YoY and up 87.3% QoQ.

Net profit was ₹36.28 crore, a turn to profit from a loss a year ago and a turn to profit from a loss last quarter.

Operating margin was 14.1% (11.4% a year ago).

EPS was ₹0.95, positive against a negative EPS a year ago and positive against a negative EPS last quarter.

NAZARA के Q2 FY27 नतीजे (कंसोलिडेटेड आंकड़े, NSE पर दाखिल)।

राजस्व: ₹803.15 करोड़; पिछले साल की तुलना में 52.6% की बढ़त, पिछली तिमाही की तुलना में 87.3% की बढ़त।

शुद्ध मुनाफ़ा: ₹36.28 करोड़; एक साल पहले के घाटे से मुनाफ़े में आया, पिछली तिमाही के घाटे से मुनाफ़े में आया।

ऑपरेटिंग मार्जिन: 14.1% (एक साल पहले 11.4%)।

EPS: ₹0.95; एक साल पहले के ऋणात्मक EPS से धनात्मक हुआ, पिछली तिमाही के ऋणात्मक EPS से धनात्मक हुआ।

NAZARAના Q2 FY27 પરિણામો (કન્સોલિડેટેડ આંકડા, NSE પર ફાઇલ કરેલા).

આવક (રેવન્યુ): ₹803.15 કરોડ; ગયા વર્ષની સરખામણીએ 52.6% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 87.3% વધારો.

ચોખ્ખો નફો: ₹36.28 કરોડ; એક વર્ષ પહેલાંની ખોટમાંથી નફામાં આવી, ગયા ક્વાર્ટરની ખોટમાંથી નફામાં આવી.

ઓપરેટિંગ માર્જિન: 14.1% (એક વર્ષ પહેલાં 11.4%).

EPS: ₹0.95; એક વર્ષ પહેલાંના નકારાત્મક EPSથી હકારાત્મક થઈ, ગયા ક્વાર્ટરના નકારાત્મક EPSથી હકારાત્મક થઈ.

Written from the filed numbers. Not a recommendation.

Smart-money activity

16/100 · Weak over the last ~60 sessions, data 2026-11-02

A description of recorded activity (delivery, deals, insider buys, fund holding, pledges), not a recommendation. Today's most active stocks.

Story so far

Nazara Technologies (NAZARA) share price & results | TickerKhoj2026-10-26: Q2 FY27 results: turned to profit vs a year agoNazara Technologies (NAZARA) share price & results | TickerKhoj2026-10-26: Q2 FY27 results: turned to profit vs a year ago2026-10-16: Q4 FY26 results: profit +663.6% YoYNazara Technologies (NAZARA) share price & results | TickerKhoj2026-10-26: Q2 FY27 results: turned to profit vs a year ago2026-10-16: Q4 FY26 results: profit +663.6% YoY2026-08-03: Q1 FY27 results: turned to loss vs a year ago

● Results   ● Split   ● Bonus

From official exchange filings and NSE data. How the price moved after an event describes the past, not what comes next.

Quarterly results (consolidated)

QuarterRevenueNet profitProfit YoYOp. marginEPS ₹
Sept 2026₹803 cr₹36 cr—14.1%0.95
Jun 2026₹429 cr₹-80 cr-216.9%5.8%-2.16
Mar 2026₹398 cr₹47 cr+663.6%18.6%1.27
Dec 2025₹406 cr₹10 cr-67.9%16.7%0.27

Shareholding trend

HolderSept 2026Jun 2026Mar 2026Dec 2025
Promoters33.98%34.25%35.46%35.46%
Foreign institutions (FII)15.15%13.23%13.31%11.97%
Domestic institutions (DII)3.06%2.40%2.17%3.62%
Mutual funds2.04%2.19%1.64%3.10%
Retail investors7.33%7.88%8.02%8.22%
Number of shareholders95,8281,01,3671,00,1651,04,879

Common questions

What was Nazara Technologies Ltd.'s latest quarterly profit?

Nazara Technologies Ltd. reported a net profit of ₹36 cr for the quarter ended Sept 2026, on revenue of ₹803 cr.

How much do promoters hold in Nazara Technologies Ltd.?

Promoters held 33.98% of Nazara Technologies Ltd. at the end of Sept 2026, with 87.74% of promoter shares pledged.

Is Nazara Technologies Ltd. debt-free?

Its latest reported debt-to-equity ratio is 0.06, which is very low.

What is Nazara Technologies Ltd.'s P/E ratio?

About 1,232.4, based on the last 12 months' earnings and a price of ₹401.65 (data 2026-11-03).

What is the 52-week high and low of Nazara Technologies Ltd.?

The 52-week high is ₹419.9 and the 52-week low is ₹215.7.

Mutual funds holding Nazara Technologies Ltd.

From the monthly portfolios of the fund houses the site reads, as of 2026-09-30. 1 scheme holding about ₹1 cr; funds that hold it outside their top holdings may not be listed.

SchemeFund house% of fundValue
Mirae Asset Nifty India Internet ETFMirae Asset Mutual Fund1.73%₹1 cr

Compared with similar companies

CompanyPriceMarket capP/EP/BROEROCEDebt/eq.1-yr return
Nazara Technologies Ltd.₹401.65₹14,761 cr1,232.44.32.6%0.8%0.06+48.3%
Pine Labs Limited₹157.63₹17,720 cr11432.4%1.6%0.07-34.9%
Shadowfax Technologies Limited₹272.9₹15,980 cr—8.59.3%29.6%0.14+142.4%
Kfin Technologies Limited₹852.35₹14,608 cr42.49.122.3%—0.03-22.7%
KPIT Technologies Limited₹531.95₹14,557 cr27.33.919.8%27.1%0.24-54.5%
Fractal Analytics Limited₹742.1₹13,012 cr——11.8%13.7%0.13-15.3%

Compare NAZARA with PINELABS in detail →

The full analysis has the price chart, every quarterly result with YoY/QoQ growth, the balance sheet and cash flow with an accounting red-flag check, shareholding quarter by quarter with big investors, news, filings and bulk/block deals.

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