The semiconductor sector is poised for significant growth in 2024, driven by technological advancements and government initiatives, particularly in India. Moreover, the Indian government has launched several initiatives to boost domestic semiconductor manufacturing, including the Production-Linked Incentive (PLI) scheme.
Listed below are such Semiconductor stocks with good financials:
With a market capitalization of Rs. 1,310 crores, the shares of RIR Power Electronics started Friday’s trading session on a higher note at Rs. 1,938.05, gaining around 3 percent compared to its previous close of Rs. 1,845.80 and closed the day at Rs. 1,882 apiece.
Looking at the company’s financial statements, the revenue increased by 47 percent from Rs. 14.71 crores during the December quarter to Rs. 21.57 crores in the March quarter. In addition, the net profits magnified by 148 percent from Rs. 1.12 crores to Rs. 2.78 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue jumped by 33 percent from Rs. 16.26 crores during Q4FY23 to Rs. 21.57 crores in Q4FY24. On the other hand, the net profits surged by 132 percent from Rs. 1.2 crores to Rs. 2.78 crores during the same timeframe.
The company has a manufacturing facility located in Halol, Gujarat, India. The facility is spread over a total built-up area of 40,000 square feet and includes die fabrication, soldering, encapsulation, and testing capabilities.
Furthermore, the company is setting up a Rs. 6,186 million Silicon Carbide (SiC) plant in Odisha, a first of its kind in India, through the help of central government incentive schemes and also state of Odisha incentives.
This plant will create an ecosystem by leveraging vertical integration, securing the supply chain and significantly reducing the dependency on imports of SiC components in India.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 11.18 percent and a return on capital employed (RoCE) of 12.52 percent for the period spanning FY23-24. Furthermore, the net profit margin during FY23-24 was at 10.52 percent.
RIR Power Electronics Ltd manufactures and sells various power semiconductor devices, including phase control thyristors, standard recovery diodes, fast recovery diodes, power modules, bridge rectifiers, and water-cooled assemblies.
These products are used in a wide range of industries, such as power electronics, which is a crucial component in various applications like power generation, transmission, and distribution, as well as in consumer electronics, automotive systems, and industrial automation.
With a market capitalization of Rs. 5,164 crores, the shares of Moschip Technologies started Friday’s trading session on a flatter note at Rs. 273.95. During the trading session, the shares hit a low of Rs. 272, losing 1 percent and closed the day at Rs. 272.90 apiece.
Coming onto the company’s financial statements, the revenue jumped by around 7 percent from Rs. 75.42 crores during the March quarter to Rs. 80.35 crores in the June quarter. In addition, the net profits magnified by 357 percent from Rs. 87 lakhs to Rs. 3.98 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue surged by 41 percent from Rs. 57.01 crores during Q1FY24 to Rs. 80.35 crores in Q1FY25. On the other hand, the net profits zoomed by 24 percent from Rs. 3.21 crores to Rs. 3.98 crores during the same timeframe.
During the quarter, MosChip secured a Rs. 509.37 crores contract from the Centre for Development of Advanced Computing (CDAC).
This contract involves the development of a high-performance computing (HPC) SoC (System on a Chip) using state-of-the-art 5nm (nanometer) technology, revenue from this project did not commence in the current quarter and is anticipated to begin impacting the company’s financials starting in Q2 FY 2025.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 11.18 per cent and a return on capital employed (RoCE) of 12.52 percent for the period spanning FY23-24. Furthermore, the net profit margin during FY23-24 was at 10.52 percent.
Headquartered in Telangana, MosChip is a semiconductor and system design company with a focus on Turnkey ASICs, Mixed Signal IP, Semiconductor and Product Engineering, and IoT solutions catering to various industries such as Aerospace and Defence, Consumer Electronics, Automotive, Medical, Networking and Telecommunications.
Written By Vaibhav Patil
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