Moschip Technologies
MOSCHIP NSE
Moschip Technologies
Information TechnologyNSE: MOSCHIP BSE: 532407 Software Products
Key Fundamentals
MicrocapSoftware ProductsInformation TechnologyMarket Cap
₹3,987 Cr
Volatility
Moderate
P/E Ratio
151.29
EBITDA
₹53.82 Cr
Return on Equity
10.2%
Debt to Equity
0.22
Book Value
₹20.96
52W High
₹288.45
52W Low
₹146.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has delivered good profit growth of 45.1% CAGR over last 5 years
- Company's median sales growth is 37.4% of last 10 years
Weaknesses
6- Stock is trading at 9.98 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.52%
- Tax rate seems low
- Company has a low return on equity of 9.77% over last 3 years.
- Debtor days have increased from 105 to 134 days.
Growth Rate
Revenue Growth
24.29% lower than
3Y
Net Income Growth
-0.21% lower than
3Y
Cash Flow Change
226% lower than
3Y
ROE
178% higher than
3Y
ROCE
98.06% higher than
3Y
EBITDA Margin (Avg.)
-28.61% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoAI opinion · based on fundamentals
Risk high
Moschip Technologies is a small-cap IT company with a market cap of ₹4,395 Cr, trading at a PE of 123.5x and 10.6x book value. The company has delivered strong revenue growth (43% CAGR over 3 years) and profit growth (87% CAGR over 3 years), but carries a low ROE of approximately 10% and pays no dividend.
Bull Case 8
- Compounded profit growth of 87% CAGR over the last 3 years demonstrates rapid earnings expansion
- Revenue growth of 43% CAGR over 3 years and 41% over 5 years indicates sustained top-line momentum
- Median sales growth of 37.4% over the last 10 years reflects a long track record of consistent revenue expansion
- 5-year compounded profit growth of 45.1% CAGR shows the company has been scaling profitability over a meaningful period
- TTM sales growth of 25% suggests continued business traction in the most recent period
- Stock CAGR of 41% over 5 years indicates sustained market confidence in the growth trajectory
- 10-year compounded sales growth of 60% CAGR points to a long-duration secular growth story in semiconductor/VLSI design services
- ROE improved to 11% in the last year from a 10-year average of just 1%, suggesting improving capital efficiency
Bear Case 8
- PE ratio of 123.5x is extremely elevated, leaving very little margin of safety if growth slows
- Price-to-book of 10.6x is high for a company generating only ~10% ROE over 3 years, implying stretched valuations relative to returns
- Debtor days increased from 105 to 134 days, signaling deteriorating working capital management and potential collection risk
- Zero dividend payout despite repeated profitability means shareholders rely entirely on capital appreciation
- 3-year ROE of only 9.77% is below cost of equity for most investors, indicating the company is not generating adequate returns on capital
- Promoter holding decreased by 1.14% in the last quarter, which may signal reduced insider confidence
- Low effective tax rate raises questions about the sustainability of reported earnings quality
- TTM profit growth of 22% is decelerating sharply from the 87% 3-year CAGR, suggesting the high-growth phase may be moderating
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57.01 | 71.85 | 89.63 | 75.42 | 80.35 | 126 | 126 | 135 | 136 | 147 | 149 | 153 | 116 |
| Expenses | 49.28 | 61.63 | 80.83 | 68.05 | 71.49 | 110 | 109 | 120 | 119 | 130 | 134 | 142 | 107 |
| Operating Profit | 7.73 | 10.22 | 8.8 | 7.37 | 8.86 | 15.81 | 17.06 | 14.34 | 16.46 | 16.82 | 15.13 | 11.12 | 9.55 |
| OPM % | 13.56% | 14.22% | 9.82% | 9.77% | 11.03% | 12.58% | 13.52% | 10.65% | 12.14% | 11.45% | 10.13% | 7.26% | 8.22% |
| Other Income | 1.66 | 0.84 | 0.41 | 0.58 | 1.5 | 1.01 | 1.26 | 0.22 | 0.72 | 1.42 | -4.56 | 2.32 | 2.24 |
| Interest | 1.55 | 1.53 | 1.48 | 1.46 | 1.62 | 2 | 2.11 | 1.74 | 0.9 | 1.16 | 1.2 | 1.56 | 2.06 |
| Depreciation | 4.53 | 5.57 | 5.26 | 4.9 | 4.63 | 5.09 | 5.09 | 4.11 | 4.8 | 4.49 | 4.26 | 5.17 | 6.08 |
| PBT | 3.31 | 3.96 | 2.47 | 1.59 | 4.11 | 9.73 | 11.12 | 8.71 | 11.48 | 12.59 | 5.11 | 6.71 | 3.65 |
| Tax % | 3.02% | 8.59% | 11.34% | 45.28% | 2.92% | 0% | 0.63% | 0% | 4.79% | 3.49% | 15.66% | -18.33% | 33.15% |
| Net Profit | 3.21 | 3.63 | 2.19 | 0.87 | 3.98 | 9.73 | 11.06 | 8.71 | 10.92 | 12.15 | 4.3 | 7.95 | 2.45 |
| EPS in Rs | 0.18 | 0.2 | 0.12 | 0.05 | 0.21 | 0.51 | 0.58 | 0.46 | 0.57 | 0.63 | 0.22 | 0.41 | 0.13 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 5 | 38 | 60 | 75 | 99 | 105 | 148 | 198 | 294 | 467 | 585 | 566 |
| Expenses | 8 | 14 | 37 | 66 | 91 | 114 | 98 | 125 | 172 | 260 | 411 | 526 | 513 |
| Operating Profit | -2 | -9 | 0 | -5 | -16 | -15 | 7 | 23 | 26 | 34 | 56 | 60 | 53 |
| OPM % | -37% | -165% | 0.4% | -9% | -21% | -15% | 7% | 15% | 13% | 12% | 12% | 10% | 9% |
| Other Income | 0 | 0 | 3 | 0 | 2 | -16 | 2 | 5 | 5 | 3 | 4 | 0 | 1 |
| Interest | 2 | 3 | 2 | 5 | 5 | 6 | 9 | 9 | 8 | 6 | 7 | 5 | 6 |
| Depreciation | 0 | 0 | 0 | 2 | 9 | 9 | 9 | 13 | 17 | 20 | 19 | 19 | 20 |
| PBT | -5 | -12 | 1 | -13 | -28 | -46 | -9 | 6 | 6 | 11 | 34 | 36 | 28 |
| Tax % | 0% | 0% | 9% | 0% | 3% | -1% | 1% | 0% | 1% | 13% | 1% | 2% | — |
| Net Profit | -5 | -12 | 1 | -13 | -29 | -46 | -9 | 6 | 6 | 10 | 33 | 35 | 27 |
| EPS in Rs | -1.01 | -2.59 | 0.09 | -0.96 | -1.96 | -2.91 | -0.58 | 0.4 | 0.37 | 0.53 | 1.75 | 1.82 | 1.39 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 25 | 26 | 31 | 32 | 32 | 32 | 33 | 38 | 38 | 39 |
| Reserves | -22 | -34 | 19 | 16 | 72 | 31 | 21 | 33 | 80 | 232 | 290 | 370 |
| Borrowings | 16 | 26 | 32 | 55 | 44 | 62 | 63 | 68 | 72 | 69 | 21 | 88 |
| Other Liabilities | 9 | 10 | 11 | 29 | 37 | 36 | 37 | 29 | 30 | 44 | 94 | 246 |
| Total Liabilities | 13 | 11 | 87 | 126 | 184 | 161 | 154 | 162 | 215 | 382 | 444 | 743 |
| Fixed Assets | 0 | 0 | 32 | 48 | 105 | 96 | 91 | 94 | 110 | 236 | 229 | 313 |
| CWIP | 0 | 0 | 14 | 10 | 2 | 3 | 0 | 0 | 0 | 9 | 22 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 13 | 11 | 40 | 67 | 77 | 61 | 62 | 68 | 105 | 138 | 193 | 430 |
| Total Assets | 13 | 11 | 87 | 126 | 184 | 161 | 154 | 162 | 215 | 382 | 444 | 743 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | 0 | -39 | -20 | -21 | -11 | 11 | 16 | 14 | 31 | 100 | 93 |
| Investing | 0 | 0 | -15 | -14 | -7 | -2 | 0 | -6 | -18 | -80 | -13 | -121 |
| Financing | 0 | 0 | 56 | 34 | 29 | 13 | -8 | -10 | 0 | 51 | -56 | 25 |
| Net Cash Flow | 0 | 0 | 1 | 0 | 2 | 0 | 3 | 1 | -4 | 1 | 31 | -3 |
| Free Cash Flow | 0 | 0 | -54 | -34 | -24 | -13 | 10 | 12 | 8 | 4 | 86 | 65 |
| CFO/OP | 10 | 1 | -27,914 | 364 | 111 | 80 | 137 | 74 | 49 | 95 | 178 | 156 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 87 | 150 | 202 | 170 | 103 | 121 | 102 | 134 | 112 | 69 | 134 |
| Inventory Days | — | — | 259 | 103 | 192 | 79 | — | 48 | — | 12 | — | — |
| Days Payable | — | — | 372 | 372 | 836 | 643 | — | 356 | — | 221 | — | — |
| Cash Conversion Cycle | 51 | 87 | 37 | -67 | -473 | -461 | 121 | -207 | 134 | -96 | 69 | 134 |
| Working Capital Days | -850 | -1,675 | -56 | -148 | -28 | -137 | -126 | -53 | 58 | 40 | 42 | 7 |
| ROCE % | -44% | -321% | 4% | -8% | -19% | -17% | 0% | 12% | 9% | 7% | 12% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Moschip Technologies insights
61 extracted metrics + investor summaries across FY09–FY26.
Documents
1
Clarification sought from Moschip Technologies Ltd
28 Aug - Exchange has sought clarification from Moschip Technologies Ltd on August 28, 2026, with reference to Movement in Volume. 28 Aug - Exchange has sought clarification from Moschip Technologies Ltd on August 28, 2026, with reference to Movement in Volume.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Newspaper publication of Corrigendum to EGM Notice 8 May - Newspaper publication of Corrigendum to EGM Notice
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
27 Apr - MosChip confirms it is not a Large Corporate for FY 2026-27. 27 Apr - MosChip confirms it is not a Large Corporate for FY 2026-27.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
9h - MosChip confirms it is not a Large Corporate for FY 2026-27. 9h - MosChip confirms it is not a Large Corporate for FY 2026-27.
Frequently Asked Questions about Moschip Technologies
What does Moschip Technologies Ltd do?
Moschip Technologies Ltd is a semiconductor and system design company with a focus on Turnkey ASICs, Mixed Signal IP, semiconductor & product engineering, and IoT solutions catering to aerospace & defence, consumer electronics, automotive, medical and networking & telecommunications.[1]
Where is Moschip Technologies Ltd (MOSCHIP) listed?
Moschip Technologies Ltd trades as MOSCHIP on the NSE and under code 532407 on the BSE.
Which sector does Moschip Technologies Ltd belong to?
Moschip Technologies Ltd is classified under the Information Technology sector, in the Software Products industry.
What is the market capitalisation of Moschip Technologies Ltd?
Moschip Technologies Ltd has a market capitalisation of ₹3,987 Cr, which places it in the Small Cap band.
What is the PE ratio of Moschip Technologies Ltd?
Moschip Technologies Ltd trades at a PE ratio of 151.29, against a book value of ₹20.96 per share.
What is the 52-week high and low of Moschip Technologies Ltd?
Over the last 52 weeks Moschip Technologies Ltd has traded between ₹146.8 and ₹288.45.
What is the Return on Equity (ROE) of Moschip Technologies Ltd?
Moschip Technologies Ltd reported a return on equity of 10.20%. Its debt-to-equity ratio is 0.22.
Company Information
Moschip Technologies Ltd is a semiconductor and system design company with a focus on Turnkey ASICs, Mixed Signal IP, semiconductor & product engineering, and IoT solutions catering to aerospace & defence, consumer electronics, automotive, medical and networking & telecommunications.[1]
Website moschip.com
CEO Mr. Srinivasa Rao Kakumanu
Employees 1,405
Listed 2025-02-05
Face Value ₹ 2
Issued Size 19,26,92,847
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