6,000 per cent returns: Multibagger semiconductor stock hit upper circuit as company reports a 168 per cent jump in PAT
The stock gave multibagger returns of 210 per cent in 1 year and a whopping 6,000 per cent in 10 years.
MosChip (BSE: MOSCHIP), a semiconductor and product engineering solutions company announced the unaudited consolidated financial results for its quarter ended 30 September 2024.
Quarterly Results - Q2FY25 vs Q2FY24
- Revenue grew from Rs 71.86 crore to Rs 125.62 crore; an increase of 75 per cent.
- EBITDA grew from Rs 11.06 crore to Rs 16.75 crore; an increase of 51 per cent.
- PAT increased from Rs 3.63 crore to Rs 9.73 crore; an increase of 168 per cent.
Half-Yearly Results - H1FY25 vs H1FY24
- Revenue grew from Rs 128.86 crore to Rs 205.98 crore; an increase of 60 per cent.
- EBITDA grew from Rs 19.18 crore to Rs 27.11 crore; an increase of 41 per cent.
- PAT increased from Rs 6.83 crore to Rs 13.71 crore; an increase of 101 per cent.
About the Company
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MosChip Technologies Limited, headquartered in Hyderabad, India, is a leading publicly traded company specializing in semiconductor and product engineering solutions. With around 1300 engineers spread across Silicon Valley-USA, Hyderabad, Bengaluru, Ahmedabad and Pune, MosChip offers a comprehensive range of solutions including turn-key digital and mixed-signal ASICs, design services, SerDes IP, and Software & system design. With a rich legacy spanning two decades, MosChip has successfully developed and delivered millions of connectivity ICs worldwide over these years.
Today, shares of MosChip Technologies Limited gained 5 per cent upper circuit to Rs 237.45 per share. The stock’s 52-week high of Rs 326.80 per share while its 52-week low is Rs 77. The company has a market cap of over Rs 4,500 crore and has delivered good profit growth of 20 per cent CAGR over the last 5 years. The stock gave multibagger returns of 210 per cent in 1 year and a whopping 6,000 per cent in 10 years. Investors should keep an eye on this small-cap stock.
Industry Outlook
The Semiconductor Industry Association (SIA) announced that global semiconductor industry sales totalled USD149.9 billion during the second quarter of 2024, a 18.3 per cent increase from the same period in 2023 and a 6.5 per cent increase from the first quarter of 2024. Sales in June 2024 were USD 50 billion, a 1.7 per cent increase over May 2024's total of USD 49.1 billion. The revenue in the Semiconductors market is projected to reach USD 7.69 billion in 2024, with Integrated Circuits dominating the market at USD 3.81 billion. India's semiconductor manufacturing industry is in its early stages, aiming to grow its electronics sector from USD 155 billion to USD 500 billion by 2030. While China is the global leader in semiconductor manufacturing, India is seen as an attractive alternative for companies seeking to diversify their supply chains.
Disclaimer: The article is for informational purposes only and not investment advice.