Moschip Technologies Limited (MOSCHIP)

Information Technology · IT - Hardware · NSE · Updated 4 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹208.59 ↑ 22.19% (1Y)

🎯 Key Takeaways

Moschip Technologies is in a strategic growth phase, transitioning from a turnaround to scaling its ASIC and semiconductor design capabilities, with recent expansion into international markets and increased investment in engineering talent. The company is navigating cyclical industry dynamics while advancing long-term design wins in smart energy and industrial segments.
⚠️ Dependence on turnkey ASIC projects with milestone-driven revenue makes cash flow volatile.

Market Cap

₹3,921

P/E Ratio

108.7

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Moschip Technologies is in a strategic growth phase, transitioning from a turnaround to scaling its ASIC and semiconductor design capabilities, with recent expansion into international markets and increased investment in engineering talent. The company is navigating cyclical industry dynamics while advancing long-term design wins in smart energy and industrial segments.

📰 What's Happening

In Q1FY27, MosChip reported consolidated revenue of ₹116.21 Cr, down from ₹135.59 Cr YoY and ₹153.23 Cr QoQ, with PBT declining to ₹3.66 Cr from ₹11.48 Cr YoY and ₹6.71 Cr QoQ. Despite this, EBITDA margin improved to 10.15% YoY, reflecting operational efficiency gains. Management attributes the revenue dip to project milestone timing in turnkey ASIC engagements and slower PES order conversion, though engineering capabilities remain stable. The company reaffirmed its delivery outlook despite cyclical pressures. Earlier, in FY26, revenue grew 25.34% YoY to ₹585.15 Cr, driven by geographic expansion into Japan and Korea, hiring of five PES VPs, leasing of 35K sq. ft. office space, and validation of analog/digital subsystems for smart energy meter ICs with tape-out planned for Q1FY27. The Board also approved the allotment of over 240,000 ESOP shares in July 2026, signaling continued focus on talent retention amid growth initiatives.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q3FY25
Revenue	126
Operating Profit	18
OPM %	13.5%
Net Profit	11
EPS	₹0.58

The sequential and YoY decline in revenue and PBT in Q1FY27 appears to be a temporary contraction tied to project timing rather than structural weakness, as evidenced by strong FY26 growth and margin improvement from 8.47% to 10.15% YoY. The company's ability to maintain delivery capabilities and customer engagement despite cyclical industry headwinds suggests that the current slowdown is not indicative of broader operational failure but rather a phase of project cycle alignment.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or margin targets in the latest filing, but has consistently emphasized confidence in delivery capabilities and customer engagement efforts despite cyclical industry pressures. Previous communications highlighted strategic investments in geographic expansion, talent acquisition, and technology validation as part of long-term growth, with no indication of course correction in response to short-term volatility.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — IT - Hardware

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
GNG Electronics Limited	4,779	36.2	—	—	—
Moschip Technologies Limited	3,921	108.7	—	—	—
Rashi Peripherals Limited	3,345	16.4	—	—	—
D-Link (India) Limited	1,715	16.8	—	—	—
NELCO Limited	1,533	77.8	—	—	—
Ivalue Infosolutions Limited	1,345	—	—	—	—
Control Print Limited	1,008	22.0	—	—	—
TVS Electronics Limited	852	—	—	—	—
HCL Infosystems Limited	385	-16.7	—	—	—
Smartlink Holdings Limited	169	14.8	—	—	—

🔗 Peer Stock Analyses

EBGNG RPTECH DLINKINDIA NELCO IVALUE

⚠️ Risk Factors

1. Dependence on turnkey ASIC projects with milestone-driven revenue makes cash flow volatile. 2. Slower-than-expected PES order conversion could delay revenue recognition. 3. High valuation (P/E of 108.7) leaves limited room for execution missteps. 4. Geopolitical exposure in Japan and Korea markets may introduce regulatory or operational risks.

📋 Recent Filings

🧠 Analyst's Read

Moschip is executing a capital-intensive growth strategy with visible progress in technology validation and talent expansion, but near-term financial performance remains sensitive to project timelines. Investors should monitor Q2FY27 order intake and PES conversion rates to assess the sustainability of the growth trajectory.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-04.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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