Moschip Technologies Ltd(MOSCHIP)

NSE: MOSCHIPBSE: 532407

₹ 164.8-2.89%refreshed 23 Oct, 03:59 pm ISTMarket cap: ₹ 3,217 crWebsite: www.moschip.comUpdated: 24 Oct 2026

About

MosChip Technologies provides semiconductor design and product engineering services, including turnkey ASIC development, IP porting and digital engineering. It has a team of 1,400+ engineers across India and the US. Revenue from operations was INR 585.15 Cr in FY26, up from INR 466.84 Cr in FY25. Management cites a revenue CAGR of 41% since FY22.^[1][2][3]

Business segments

Silicon Engineering Solutions brought in INR 470.57 Cr, or 80.4% of revenue, in FY26. Its EBIT margin was 20.4%.^[4]
Product Engineering Solutions brought in INR 114.58 Cr, or 19.6% of revenue, in FY26. Its EBIT margin was 6.8%.^[4]
Under the earlier standalone segment split for FY25, Semiconductor had revenue of Rs 316.45 Cr and Software & System Design had Rs 70.76 Cr.^[1]

Services and capabilities

MosChip took part in about 100 tape-outs in FY26, on legacy and advanced technology nodes across different fabs. The count includes test chips, respins and derivative chips.^[2]
Two offshore development centres (ODCs) for IP porting were in growth mode as of FY25, and the IP porting teams were scaled up.^[5]
Several turnkey ASIC projects were carried out in FY25, including working silicon delivered to an India-based customer.^[5]
Digital engineering covers AI/ML, mobile apps and cloud computing. MosChip won a second Qualcomm Partner Par Excellence award in a row (FY25).^[5]

Operations and people

MosChip has a team of 1,400+ engineers across India and the US (FY25 annual report).^[1]
A new office in Pune opened in FY26, adding to MosChip's delivery footprint.^[5]

Customers and markets

MosChip added 12 new customers in FY26, up from 7 in FY25.^[2][5]
In FY26 MosChip extended its customer base to Australia, Europe, Japan and South Korea.^[2]
As of FY25, 50% of the major semiconductor companies were MosChip customers.^[5]
The Product Engineering unit won projects from two Fortune 500 companies ranked in the top 50 (FY26).^[2]
Most revenue is earned in US dollars, while costs are in Indian rupees (FY25 annual report).^[1]

Government and strategic programmes

MosChip delivered a custom SoC to ISRO's Space Application Centre in FY26.^[2]
The 5nm Arm-based HPC processor 'Aum' for C-DAC was close to tape-out as of Q1 FY27.^[2][1]
The VIDYUT smart energy meter IC, developed under the Design Linked Incentive (DLI) scheme, had taped out and was in lab bring-up as of Q1 FY27.^[2]
The first DLI test chip, which validates 4 IPs (power management, temperature sensor, LCD panel controller, clock management), was working in silicon as of Q1 FY26.^[5]

Stated plans

Management plans to grow the Product Engineering Services and Turnkey ASIC businesses and expand in key international markets (Q1 FY27).^[2]
Management plans to invest in talent, infrastructure, innovation and AI adoption (Q1 FY27).^[2]
In Q1 FY26 management said it would pursue growth through acquisitions and keep investing in R&D.^[5]

Stated risks

The FY25 annual report lists risks from a possible conflict over Taiwan, from currency moves, and from the need to attract and keep talent.^[1]

Market Cap

₹3,217 Cr

High / Low

₹277 / 147

Stock P/E

124.7

Price / Book

8.2

Book Value

₹21

EPS

₹1.8

No. of Shares

19.39 Cr

ROCE

11.4%

ROE

9.6%

OPM

7.8%

Debt / Equity

0.09

Sales

₹585 Cr

Net Profit

₹35 Cr

Promoter holding

39.2%

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