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 & defense, consumer electronics, automotive, medical, and networking & telecommunications. The company is headquartered in Hyderabad, India, with offices located in silicon valley USA, Hyderabad, Bangalore, Ahmedabad, and Pune. Originally incorporated in 1999 as a Private Limited Company in the name of `Moschip Semiconductor Technology Private Limited`, the company was subsequently converted into a Public Limited Company and the name was changed to Moschip Semiconductor Technology Limited in 2001 and later on was changed to MosChip Technologies Limited on November 27, 2018.
The company 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. MosChip Technologies is a fabless semiconductor and embedded design services Company and provides turn-key digital and mixed-signal ASICs, SerDes IP and embedded system design solutions. It specializes in product design and development services ranging from Chip Design to Systems Development.
The Company operates through two segments: Semiconductor and Embedded. The Semiconductor segment includes semiconductors IP, semiconductors design services, turn-key application-specific integrated circuit (ASIC), and training institute. The Embedded segment includes product / system design, embedded software, and IoT products. The company works with globally acclaimed chip design companies in the areas of Aerospace, Defence, Consumer, and Industrial applications.
Apart from these, the Company masters the science behind ASIC/SoC/FPGA RTL design from idea to realization and deployment, ASIC turnkey solutions, IP design and integration. The spectrum of expertise includes chip design, verification, synthesis, STA, Physical design, SW/FW development, PCB Board design, testing, silicon bring-up, protocol validation, certification, etc.
The company has been strategically transforming its business model. MosChip is transitioning from a design services company to a Turnkey ASIC Solution company, to move up the value chain and spur growth. Investments have been made in building a skilled professional bench, ready to engage in key projects, aligning with demands and opportunities in the market.
As of the latest available data, Moschip Technologies has a market cap of ₹3,348 Crore with a current price of ₹175. The company's 52-week high is ₹208 and 52-week low is ₹129.98. The market capitalization has decreased by 38.1% in the past one year.
For the financial year ended March 31, 2025 (FY25):
- Sales rose 58.84% to ₹466.84 Crore in the year ended March 2025, as against ₹293.91 Crore during the previous year ended March 2024.
- Net profit rose 238.66% to ₹33.46 Crore in the year ended March 2025, as against ₹9.88 Crore during the previous year ended March 2024.
For the quarter ended March 31, 2025 (Q4 FY25):
- Sales rose 78.61% to ₹134.71 Crore in the quarter ended March 2025, as against ₹75.42 Crore during the previous quarter ended March 2024.
- Net profit rose 898.85% to ₹8.69 Crore in the quarter ended March 2025, as against ₹0.87 Crore during the previous quarter ended March 2024.
For the quarter ended December 31, 2024 (Q3 FY25):
- Sales rose 40.76% to ₹126.16 Crore in the quarter ended December 2024, as against ₹89.63 Crore during the previous quarter ended December 2023.
- Net profit rose 405.02% to ₹11.06 Crore in the quarter ended December 2024, as against ₹2.19 Crore during the previous quarter ended December 2023.
Moschip Technologies has an operating revenue of ₹466.84 Crore on a trailing 12-month basis. An annual revenue growth of 58% is outstanding, Pre-tax margin of 7% is okay, ROE of 10% is good. The company is debt-free and has a strong balance sheet, enabling it to report stable earnings growth across business cycles.
The company has improved its debtor days from 105 to 69.1 days. The company's median sales growth is 34.4% over the last 10 years. Over the last 5 years, revenue has grown at a yearly rate of 31.2%, vs industry average of 14.27%.
The promoter holding stands at 44.5%. Promoter holding in Moschip Technologies Ltd has remained stable at 44.51% as of March 2025 (unchanged from January 2025).
MosChip Technologies has allotted 1,89,366 equity shares under ESOP on January 21, 2025. Consequently, the paid up equity share capital has increased from 190,888,926 to 191,078,292 shares.
The company has been actively pursuing strategic acquisitions to strengthen its capabilities. In 2023, the company acquired 100% stake of Softnautics Inc., a California based company with a focus on Product Engineering Solutions in Embedded, FPGA and VLSI and it became a wholly owned subsidiary Company effective June 7, 2023.
First Pass Semiconductors Private Limited and GigaCom Semiconductor Private Limited amalgamated with Company on December 3, 2019, and December 5, 2019, through Scheme of Amalgamation. During financial year 2019-20, GigaCom Semiconductor LLC merged with Company's subsidiary, MosChip Technologies USA. During 2021-22, Maven Systems Private Limited, the Wholly Owned Subsidiary merged with the Company effective from April 1, 2021.
The Global Semiconductor Industry is projected to reach USD 616.5 billion by 2024, with a year-over-year growth of roughly 16%. The semiconductor market forecast anticipates a 13.1% growth in 2024, particularly driven by the memory sector. Regional markets are expected to experience significant double-digit year-over-year growth in 2024.
Market Opportunities include Semiconductor applications in advanced smartphones, servers, and data centers with technologies such as AR, VR, 5G, and AI. The company is well-positioned to benefit from these growth trends given its expertise in semiconductor design and embedded systems solutions.
The company continues to invest in cutting-edge technologies. MosChip DigitalSky harnesses domain-centric, persona-driven intelligence to enhance productivity, operational effectiveness, and stakeholder experience across diverse business functions. According to Vishal Patil, SVP Product Engineering Business Unit at MosChip Technologies, "With MosChip DigitalSky, we accelerate the enterprise transformation journey by delivering modular, reusable components that power connected and intelligent digital solutions."
Moschip Technologies represents a compelling investment opportunity in the rapidly growing semiconductor design services sector, with its strong financial performance, strategic positioning, and focus on high-growth technology areas positioning it well for future expansion.
