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Moschip Technologies Limited (MOSCHIP)

Information Technology · IT - Hardware · NSE · Updated 16 June 2026

₹213.08 ↑ 15.94% (1Y)

🎯 Key Takeaways

Moschip Technologies Limited is transitioning from a consolidation phase to a growth-oriented expansion, marked by strategic geographic expansion into Japan and Korea, increased R&D investment, and scaling of its smart energy meter IC development. The company has demonstrated consistent top-line growth and profitability, supported by strong operational execution and governance enhancements.
⚠️ Margin pressure from sequential EBITDA and OPM declines despite revenue growth, indicating cost inflation or pricing pressures during expansion.

Market Cap

₹3,921

P/E Ratio

108.7

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About MOSCHIP 📊 Interactive Charts

📖 The Story

Moschip Technologies Limited is transitioning from a consolidation phase to a growth-oriented expansion, marked by strategic geographic expansion into Japan and Korea, increased R&D investment, and scaling of its smart energy meter IC development. The company has demonstrated consistent top-line growth and profitability, supported by strong operational execution and governance enhancements. However, its high P/E ratio of 108.7 reflects market expectations of sustained growth in a competitive semiconductor niche.

📰 What's Happening

In FY26, Moschip reported consolidated revenue of ₹585.15 crores, up 25.34% YoY, driven by expansion into Japan and Korea, hiring of five PES VPs, and leasing 35K sq. ft. of office space. The company advanced its smart energy meter IC development with tape-out scheduled for Q1FY27 and production targeted for Q1FY28. Q4 revenue grew 2.57% QoQ to ₹153.23 crores, though EBITDA and PBT declined sequentially. The Board approved 85,604 employee stock options and appointed Gokhale & Co as internal auditors for FY27, reinforcing governance standards. A corrigendum to an EGM notice confirmed promoter non-subscription to new shares, with Turmari holding a 0.01% stake post-dilution.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

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

Moschip's revenue trajectory shows robust YoY growth of 25.34% in FY26, with Q4 revenue up 2.57% QoQ to ₹153.23 crores, indicating resilient demand despite macro headwinds. However, EBITDA declined sequentially to ₹13.43 crores in Q4, and OPM compression was observed in Q3FY25 at 13.5%, suggesting margin pressures amid scaling operations. Profitability remains healthy with PAT of ₹794.54 crores in FY26, up from prior periods, but the sequential decline in Q4 EBITDA raises concerns about cost management during expansion. The company's capital allocation includes significant investments in headcount (1,779 employees) and infrastructure, which may sustain investment intensity in the near term.

🔮 Management Outlook & What's Next

Management highlighted that global semiconductor sales are projected to approach $1 trillion in 2026, with AI-driven demand acting as a key tailwind for future growth. Moschip is positioning itself to capitalize on this trend through targeted geographic expansion and product development, particularly in smart energy metering. The company has signaled confidence in its pipeline, with tape-out of its smart energy meter IC planned for Q1FY27 and production slated for Q1FY28. These milestones are seen as critical inflection points for revenue visibility and margin improvement in the coming fiscal year.

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. Margin pressure from sequential EBITDA and OPM declines despite revenue growth, indicating cost inflation or pricing pressures during expansion. 2. Execution risk around tape-out and production timelines for the smart energy meter IC, with delays potentially impacting revenue visibility. 3. High valuation multiples (P/E of 108.7) imply significant growth expectations that may be difficult to sustain without near-term margin recovery. 4. Geopolitical and regulatory exposure in new markets (Japan, Korea) could affect supply chain and customer acquisition.

📋 Recent Filings

🧠 Analyst's Read

Moschip is executing a clear growth strategy with tangible milestones in product development and market expansion, but near-term margin performance and execution on tape-out timelines will be critical. Investors should monitor Q1FY27 tape-out progress and FY28 production ramp-up for updated guidance, as these will determine the trajectory of future revenue and profitability.

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

✨ Deep Dive with AI on MOSCHIP

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.