The semiconductor industry in India has seen significant growth and investment in recent years, with the government taking several steps to promote the sector. 

Moreover, the Indian government aims to position the country as a global hub for semiconductor manufacturing, design, and technology development, reducing its dependence on imports and strengthening the domestic semiconductor ecosystem. 

Listed below is one such semiconductor stock in which Mukul Agrawal bought a 6.48% stake during Q1FY25: 

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ASM Technologies Ltd 

With a market capitalization of Rs. 1,459 crores, the shares of ASM Technologies Ltd started Tuesday’s trading session on a higher note at Rs. 1,329.90, locking a 5 percent upper circuit compared to its previous close of Rs. 1,266.60 apiece. 

Looking at the company’s financial statements, revenue declined by approximately 20 percent from Rs. 55.72 crores in the December quarter to Rs. 44.59 crores in the March quarter. Conversely, net losses increased from Rs. 72 lakhs to Rs. 3.39 crores over the same period. 

On a year-over-year basis, the company experienced a 14 percent decline in revenue, decreasing from Rs. 51.94 crores in Q4FY23 to Rs. 44.59 crores in Q4FY24. Concurrently, net profits shifted from a profit of Rs. 37 lakhs to a loss of Rs. 3.39 crores during the same timeframe. 

According to the latest shareholding pattern, Ace Investor Mr Mukul Agrwal bought a fresh stake in the company’s shares during the recent quarter by acquiring approximately 7.62 lakh equity shares equivalent to 6.48 percent and the current holding value of his investment amounts to around Rs. 101 crores. 

In 2022, the company formed a 50:50 joint venture with vacuum technology manufacturer Hind High Vacuum (HHV) to manufacture semiconductor equipment in India. 

The joint venture will perform design-led engineering and manufacturing of tools, subsystems, subsystem components, and components for the semiconductor and solar industries. 

The company has already raised Rs 70 crore (around $8.5 million) and will receive the remaining Rs 100.1 crore (about $12.5 million) over the next 18 months. These funds will used to enhance capabilities, drive technological advancements, and solidify the company’s presence in key global markets. 

ASM specializes in Design and Value Engineering, Complex Prototyping, and Competitive Manufacturing in the capital process equipment for Semiconductor, Solar and Display verticals. 

Established in 1992, ASM Technologies Limited is a pioneer in design-led manufacturing in the semiconductor and automotive industries and has the expertise and understanding of the design and development of System and Sub Systems of PVD, CVD, RTP, Etch, CMP and Inspection tools. 

The company is engaged in the business of providing consulting and product development services in the areas of engineering services and product R&D. 

Written By Vaibhav Patil


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