Moschip Technologies is driving growth in the semiconductor industry through strategic partnerships, cutting-edge ASIC design, and a focus on high-performance solutions. The company continues to expand its global presence with key projects in RISC-V development, HPC processors, and IP design, positioning itself as a leader in the evolving tech landscape.
Stock Price Movement:
With a market capitalization of Rs. 4,483.32 crores, the shares of Moschip Technologies Limited were opened at Rs. 235.15 per equity share, rising nearly around 2.57 percent from its previous day’s close price of Rs. 229.95. The stock is currently trading at Rs 235.85 per equity share.
Company Overview of Moschip Technologies:
Moschip Technologies Limited was established in 1999 and headquartered in Hyderabad, India. The company is a leading semiconductor and system design company.
The company specializes in turnkey ASICs, mixed-signal IP, and product engineering solutions across various sectors, including automotive, telecommunications, and healthcare, employing over 1,300 engineers globally.
Semiconductor Business Units:
MosChip continues to strengthen its position in the semiconductor industry, with stable engagements involving 10 of the top 20 global semiconductor companies.
The company has secured a new Offshore Development Center (ODC) partnership with a Japanese ASIC firm and is the Design Services Partner for Tenstorrent.
With involvement in over 50 ASIC tape-outs targeting various foundries and investments in emulation expertise, MosChip is well-positioned for growth.
On the IP front, the company has scaled up its IP porting teams, with two ODCs in growth mode, and developed new IP blocks for smart energy meter ICs.
Turn-Key Projects and Future Growth:
In FY24, MosChip undertook three turn-key ASIC projects, excluding its collaboration with CDAC, and is expanding its teams to manage multiple such initiatives. With a strong pipeline of projects, the company is focused on building its capabilities to drive innovation and meet growing demands in the semiconductor sector.
Recent Partnership:
On March 24, Tenstorrent partnered with MosChip Technologies to develop advanced RISC-V solutions. In Q1 FY24, MosChip acquired Softnautics Inc. for Rs 142 crore, with Rs 67 crore paid in cash and Rs 75 crore through a share swap.
C-DAC has teamed up with MosChip Technologies and Socionext Inc. to create an indigenous HPC Processor SoC using Arm Neoverse V2 architecture on TSMC’s 5nm technology. The work order for the design, development, and delivery of high-performance computing (HPC) is worth Rs. 568 crore.
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Financial Performace:
Moschip Technologies Limited’s revenue increased by 48% in FY24, reaching ₹294 crores. The company’s growth is driven by a combination of customer-centric focus, scalable business models, robust talent acquisition, and strategic international partnerships.
The semiconductor segment contributed the highest share of 79% to the overall revenue in FY24, which is Rs. 231 crores, and the remaining should be embedded at 21%. The embedded and semiconductor segments grew at a CAGR of 28% and 21%, respectively.
Recent quarter results and ratios:
Moschip Technologies Limited’s revenue has increased from Rs. 71.85 crore in Q2 FY24 to Rs. 125.63 crore in Q2 FY25, which has grown by 74.85 percent. The net profit of Moschip Technologies Limited has also grown by 168.04 percent, from Rs. 3.63 crore in Q2 FY24 to Rs. 9.73 crore in Q2 FY25.
Moschip Technologies Limited’s revenue and net profit have grown at a CAGR of 40.94 percent and 29.10 percent, respectively, over the last two years.
In terms of return ratios, the company’s ROCE and ROE should be 6.62 percent and 5.17 percent, respectively. The debt-to-equity ratio of the company is to be 0.31x, which shows the company is almost debt-free. Moschip Technologies Limited’s EPS is to be Rs. 0.89.
Shareholding pattern
In September 2024, Moschip Technologies Limited had a majority stake held by the promoters at 46.10 percent, foreign institutional investors at 3.64 percent, the public at 50.15 percent, and the others at 0.10 percent.
FII has increased the stake in Moschip Technologies Limited, from 2.86 percent to 3.64 percent as compared to the previous quarter.
Written By – Nikhil Naik
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