Moschip Technologies Ltd

Moschip Technologies Ltd

₹ 136 2.61%
19 Apr - close price
About

Moschip Technologies Ltd is a semiconductor and system design company with a focus on Turnkey ASICs, Mixed Signal IP, semiconductor & product engineering, and IoT solutions catering to aerospace & defence, consumer electronics, automotive, medical and networking & telecommunications.[1]

Key Points

Business Overview
Moschip is a semiconductor and system design services company headquartered in Hyderabad, India, with offices located in silicon valley USA, Hyderabad, Bangalore, Ahmedabad and Pune. It provides turn-key digital and mixed-signal ASICs, design services, SerDes IP, and embedded system design solutions. Over the past 2 decades, MosChip has developed and shipped millions of connectivity ICs. [1]

  • Market Cap 2,558 Cr.
  • Current Price 136
  • High / Low 148 / 58.5
  • Stock P/E 242
  • Book Value 11.0
  • Dividend Yield 0.00 %
  • ROCE 8.78 %
  • ROE 6.93 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 20.0% CAGR over last 5 years
  • Company's median sales growth is 24.2% of last 10 years

Cons

  • Stock is trading at 12.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.69%
  • Tax rate seems low
  • Company has a low return on equity of 1.69% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
27.40 30.17 33.92 38.02 38.29 37.41 41.67 49.15 53.70 53.83 57.01 71.85 89.63
24.96 26.89 29.13 32.27 32.09 31.68 35.58 43.90 46.18 46.38 49.28 61.63 80.83
Operating Profit 2.44 3.28 4.79 5.75 6.20 5.73 6.09 5.25 7.52 7.45 7.73 10.22 8.80
OPM % 8.91% 10.87% 14.12% 15.12% 16.19% 15.32% 14.61% 10.68% 14.00% 13.84% 13.56% 14.22% 9.82%
0.38 0.15 2.15 1.22 1.29 0.57 0.95 3.24 0.62 0.16 1.66 0.84 0.41
Interest 2.11 2.10 2.19 2.20 2.11 2.10 2.04 2.45 1.71 1.52 1.55 1.53 1.48
Depreciation 2.16 2.42 3.03 3.16 3.26 3.19 3.45 4.74 4.57 4.57 4.53 5.57 5.26
Profit before tax -1.45 -1.09 1.72 1.61 2.12 1.01 1.55 1.30 1.86 1.52 3.31 3.96 2.47
Tax % 0.00% -4.59% 0.00% 0.62% 0.00% 0.00% 0.00% 4.62% 0.00% 0.00% 3.02% 8.59% 11.34%
-1.45 -1.14 1.72 1.60 2.12 1.01 1.55 1.24 1.86 1.52 3.21 3.63 2.19
EPS in Rs -0.09 -0.07 0.11 0.10 0.13 0.06 0.10 0.08 0.11 0.09 0.18 0.20 0.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
15 10 8 6 5 38 60 75 99 105 148 198 272
22 17 14 8 14 37 66 91 114 98 125 172 238
Operating Profit -7 -7 -7 -2 -9 0 -5 -16 -15 7 23 26 34
OPM % -43% -69% -88% -37% -165% 0% -9% -21% -15% 7% 15% 13% 13%
-3 -6 -1 0 0 3 0 2 -16 2 5 5 3
Interest 2 1 2 2 3 2 5 5 6 9 9 8 6
Depreciation 2 1 0 0 0 0 2 9 9 9 13 17 20
Profit before tax -13 -14 -10 -5 -12 1 -13 -28 -46 -9 6 6 11
Tax % 0% 0% 0% 0% 0% 9% -0% -3% 1% -1% 0% 1%
-13 -14 -10 -5 -12 1 -13 -29 -46 -9 6 6 11
EPS in Rs -2.83 -3.13 -2.13 -1.01 -2.59 0.09 -0.96 -1.96 -2.91 -0.58 0.40 0.37 0.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 35%
5 Years: 27%
3 Years: 26%
TTM: 50%
Compounded Profit Growth
10 Years: 11%
5 Years: 20%
3 Years: 30%
TTM: 86%
Stock Price CAGR
10 Years: 52%
5 Years: 50%
3 Years: 53%
1 Year: 107%
Return on Equity
10 Years: %
5 Years: -16%
3 Years: 2%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 46 46 46 9 9 25 26 31 32 32 32 33 36
Reserves -36 -44 -52 -22 -34 19 12 50 31 21 33 80 170
3 9 13 16 26 32 55 44 62 63 68 72 76
2 3 8 9 10 11 33 59 36 37 29 30 97
Total Liabilities 14 15 15 13 11 87 126 184 161 154 162 215 379
3 3 2 0 0 32 48 105 96 91 94 110 249
CWIP 0 0 0 0 0 14 10 2 3 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
11 12 13 13 11 40 67 77 61 62 68 105 129
Total Assets 14 15 15 13 11 87 126 184 161 154 162 215 379

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-10 -1 -0 -0 -0 -39 -20 -21 -11 11 16 14
10 0 0 0 0 -15 -14 -7 -2 -0 -6 -18
0 -0 0 0 0 56 34 29 13 -8 -10 -0
Net Cash Flow 1 -1 -0 -0 -0 1 -0 2 0 3 1 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 100 176 155 51 87 150 202 170 103 121 102 134
Inventory Days 139 259 103 192 79 48 26
Days Payable 20 372 372 836 643 356 325
Cash Conversion Cycle 220 176 155 51 87 37 -67 -473 -461 121 -207 -165
Working Capital Days 187 298 166 154 77 251 185 187 91 85 95 124
ROCE % -38% -60% -76% -44% -321% 4% -9% -21% -18% -0% 12% 9%

Shareholding Pattern

Numbers in percentages

13 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
57.58% 57.14% 56.57% 55.57% 55.30% 55.28% 55.03% 55.15% 55.00% 51.23% 50.32% 47.64%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20% 2.84%
42.29% 42.74% 43.30% 44.31% 44.57% 44.59% 44.85% 44.73% 44.87% 48.65% 49.38% 49.42%
0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.11% 0.11% 0.11%
No. of Shareholders 18,26620,95227,17547,36379,64781,88077,40174,32670,99269,75876,96885,072

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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