DINESH

Moschip Technologies

Latest CMP 201
Today's Change ▲ 1.40%
52-Week High / Low 284 | 148
Price Date: 30-Sep-2026
Recommendation Sell
Target Price 196
Expected Upside -1.4%
Forecast Horizon 2 Years
Historical CAGR Not Available
1,000 Invested —
Today's Value —
Investment Period < 5 Years

Stock Snapshot

Post Results Return
-9.0%
Mild Negative Re-rating
1-Year Target Price
178
2-Year Target Price
196
52-Week High / Low
284 / 148
20-Day Return
-5.8%
Market Cap (Cr.)
3,910
Current PE
106.0
P/BV Ratio
10.1
Dividend Yield
—
Industry PE
17.8

Price Performance

Vista Outlook

Basis of our Recommendation

MosChip Technologies is navigating a pivotal transformation towards becoming a comprehensive 'Silicon to Smart Systems' provider, as highlighted by management's focus on developing reusable intellectual property through initiatives like 'ProductXcelerate' and 'AgenticSky'. This strategic shift is expected to enhance operational efficiency and decouple revenue growth from headcount, which is crucial given the anticipated revenue contraction over the forecast period. Despite strong technical execution in advanced ASIC projects, the company faces challenges in maintaining margins due to competitive pressures and the complexities associated with advanced-node silicon execution. Vista's financial outlook reflects these dynamics, projecting continued margin pressure and a cautious revenue trajectory, with a fair valuation aligned with intrinsic value. The industry context supports MosChip's strategy, as the IT services sector is experiencing robust growth driven by digital transformation and AI advancements, although macroeconomic uncertainties, particularly inflationary pressures, could impact discretionary spending. Over the next 12-24 months, key opportunities include expanding into high-growth verticals and enhancing engineering capabilities, while watchpoints include the competitive landscape and the need for top-tier engineering talent

👍 Why We Like This Stock

  • Management's focus on reusable intellectual property is expected to improve operational efficiency
  • Strong technical execution in advanced ASIC projects positions the company for future growth
  • The IT services industry's robust growth supports MosChip's strategic initiatives

⚠ Things To Watch Out For

  • Revenue is expected to contract, indicating potential challenges in growth
  • Margins are under pressure due to competitive dynamics and advanced-node complexities
  • Macroeconomic uncertainties, particularly inflation, may dampen consumer and corporate spending

Key Parameters

Balance Sheet Strength
Conservatively Financed
Market Share
Stable
Industry Outlook
Improving
Analyst View
Not Available
Dividend History
No Dividend History
FII Holdings
Stable

Financial Snapshot

View Technicals Analysis →
Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 294 467 585 506 574
Profit Before Tax (Cr.) 11 34 42 33 38
PBT Margin 3.7% 7.3% 7.2% 6.5% 6.6%
Net Profit (Cr.) 10 33 38 30 35
Earnings Per Share 0.5 1.7 2.0 1.6 1.8

Analyst Recommendations

No analyst recommendations available.

Consensus Recommendation ► None
Consensus Target —
Coverage 0 Analysts
Analysts' Viewpoint

Company Overview

Show Company Profile

MosChip Technologies Limited, a semiconductor and system design company, designs, develops, manufactures, and sells system on chip technologies and Internet on Things solutions in India, North America, and the Asia Pacific. It operates through Semiconductor and Software & System Design segments. The company offers silicon engineering solutions comprising semiconductor design solutions; ASIC platforms and design solutions; OSAT solutions; digital, verification, and mixed-signal semiconductor IP blocks for design and verification; and IP solutions. It also provides product engineering solutions, including hardware design and system engineering; embedded system and device engineering; multimedia and vision engineering; mobility and digital engineering; quality and automation engineering; and connectivity and network engineering solutions for wired and wireless networks. In addition, the company offers artificial intelligence (AI) engineering solutions, such as computer vision, generative AI, ML lifecycle management, cognitive computing, and AI/FPGA acceleration solutions. It serves the telecommunications, automotive, aerospace and aviation, medical and healthcare, industrial automation, defense, consumer electronics, energy and utility, multimedia, computer vision, security and surveillance, wearable, and data center industries. The company was formerly known as MosChip Semiconductor Technology Limited and changed its name to MosChip Technologies Limited in March 2019. MosChip Technologies Limited was founded in 1999 and is headquartered in Hyderabad, India.