Moschip Technologies Ltd
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]
- Market Cap ₹ 4,814 Cr.
- Current Price ₹ 250
- High / Low ₹ 288 / 125
- Stock P/E 124
- Book Value ₹ 19.0
- Dividend Yield 0.00 %
- ROCE 10.6 %
- ROE 9.68 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 30.0% CAGR over last 5 years
- Debtor days have improved from 114 to 60.4 days.
- Company's median sales growth is 32.7% of last 10 years
- Company's working capital requirements have reduced from 60.9 days to 45.2 days
Cons
- Stock is trading at 13.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.63%
- Tax rate seems low
- Company has a low return on equity of 6.83% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 6 | 5 | 17 | 46 | 59 | 63 | 84 | 121 | 171 | 223 | 387 | 467 | |
| 12 | 8 | 13 | 18 | 51 | 73 | 73 | 76 | 100 | 151 | 203 | 343 | 414 | |
| Operating Profit | -5 | -2 | -8 | -1 | -6 | -14 | -10 | 8 | 21 | 20 | 20 | 44 | 53 |
| OPM % | -68% | -36% | -152% | -7% | -13% | -24% | -16% | 9% | 17% | 12% | 9% | 11% | 11% |
| -1 | 0 | -0 | 2 | 1 | 3 | -7 | 3 | 2 | 4 | 3 | 4 | 4 | |
| Interest | 1 | 2 | 3 | 2 | 5 | 5 | 5 | 8 | 8 | 7 | 6 | 7 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 2 | 6 | 5 | 5 | 9 | 12 | 12 | 12 | 12 |
| Profit before tax | -8 | -5 | -11 | -1 | -12 | -23 | -27 | -2 | 5 | 5 | 6 | 29 | 39 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2% | 0% | 0% | 0% | 0% | |
| -8 | -5 | -11 | -1 | -12 | -23 | -27 | -2 | 5 | 5 | 6 | 29 | 39 | |
| EPS in Rs | -1.64 | -0.99 | -2.43 | -0.09 | -0.91 | -1.54 | -1.73 | -0.12 | 0.34 | 0.32 | 0.33 | 1.53 | 2.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 52% |
| 5 Years: | 44% |
| 3 Years: | 47% |
| TTM: | 62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 30% |
| 3 Years: | 76% |
| TTM: | 235% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 50% |
| 5 Years: | 87% |
| 3 Years: | 54% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 46 | 9 | 9 | 25 | 26 | 31 | 32 | 32 | 32 | 33 | 38 | 38 | 38 |
| Reserves | -50 | -19 | -30 | 20 | 17 | 80 | 57 | 55 | 42 | 87 | 236 | 290 | 326 |
| 14 | 17 | 26 | 27 | 55 | 45 | 59 | 59 | 68 | 66 | 60 | 19 | 47 | |
| 7 | 8 | 13 | 2 | 22 | 24 | 26 | 30 | 26 | 26 | 32 | 84 | 102 | |
| Total Liabilities | 17 | 16 | 18 | 74 | 120 | 180 | 175 | 176 | 167 | 212 | 366 | 431 | 514 |
| 2 | 0 | 0 | 0 | 37 | 59 | 55 | 51 | 71 | 87 | 77 | 76 | 117 | |
| CWIP | 0 | 0 | 0 | 2 | 3 | 0 | 0 | 0 | 0 | 0 | 9 | 22 | 0 |
| Investments | 0 | 0 | 0 | 27 | 6 | 34 | 34 | 34 | 28 | 25 | 159 | 163 | 163 |
| 15 | 15 | 17 | 44 | 74 | 87 | 86 | 91 | 68 | 100 | 121 | 169 | 233 | |
| Total Assets | 17 | 16 | 18 | 74 | 120 | 180 | 175 | 176 | 167 | 212 | 366 | 431 | 514 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -0 | -0 | -50 | -17 | -22 | -11 | 8 | 11 | 15 | 25 | 91 | |
| 0 | 0 | 0 | -2 | -18 | -4 | -0 | -0 | -5 | -16 | -74 | -16 | |
| 0 | 0 | 0 | 52 | 36 | 27 | 13 | -8 | -8 | 1 | 50 | -48 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | 0 | 1 | 2 | -1 | -2 | -0 | -0 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 519 | 485 | 604 | 394 | 279 | 253 | 189 | 197 | 142 | 146 | 136 | 60 |
| Inventory Days | 411 | 123 | 15 | 91 | 11 | |||||||
| Days Payable | 22 | 401 | 699 | 582 | 126 | |||||||
| Cash Conversion Cycle | 519 | 485 | 604 | 783 | 1 | -430 | 189 | 197 | -349 | 146 | 21 | 60 |
| Working Capital Days | -316 | -727 | -1,528 | 294 | -75 | 108 | -2 | 30 | -38 | 73 | 64 | 45 |
| ROCE % | -41% | -28% | -124% | 2% | -8% | -14% | -8% | 4% | 10% | 8% | 5% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Oct - MosChip to launch ProductXcelerate™ blueprints at Embedded World North America, pre-validated SMARC-aligned AI/IoT frameworks.
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Submission Of Unaudited Financial Statements For The Quarter Ended 30-Sep-2025.
27 Oct - Submitted complete unaudited results for quarter ended 30 Sep 2025, adding omitted Consolidated Cash Flow Statement.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Oct - Q2FY26 consolidated revenue ₹146.94Cr (+17% YoY), PAT ₹12.15Cr (+25%); H1 revenue ₹282.53Cr (+37%); Bangalore/Pune expansion.
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Announcement under Regulation 30 (LODR)-Allotment
24 Oct - Q1 results (Total income ₹13,616.10L; PAT ₹1,089.80L) approved; 17,09,100 ESOPs granted; director resigned w.e.f. 6 Jun 2025; 91,908 shares allotted.
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Disclosure under Regulation 30A of LODR
24 Oct - Two Independent Directors appointed—Sandeep H. Shah and Dr. Y. Sreenivas Rao—five-year terms from 24 Oct 2025, subject to shareholder approval.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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]