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Top 10 public listed semiconductor manufacturing companies in India

Here is the consolidated list of semiconductor manufacturing and semiconductor component manufacturing companies in India that are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), including their market cap, market price as of June 2024, and P/E ratio:

CompanyTicker (NSE)Ticker (BSE)Market Cap (₹ crore)Market Price (₹) (June 2024)P/E Ratio
Bharat Electronics Limited (BEL)BEL5000492,27,041.73127.6521.63
Dixon Technologies (India) LimitedDIXON54069969,487.394418.30113.52
Tata Elxsi LimitedTATAELXSI50040845,573.907102.7574.13
Moschip Technologies LimitedMOSCHIP5324075,624.3855.1023.21
ASM Technologies LimitedASMTEC5264331,247.51471.0512.35
MIC Electronics LimitedMIC5328501,068.486.8525.67
SPEL Semiconductor LimitedSPEL517166679.314.9810.12
Surana Telecom and Power LimitedSURANAT&P517530211.1110.056.95
Ruttonsha International Rectifier LtdRIR5170351,322.7541.2517.45
Solex Energy LimitedSOLEX541133893.52238.5018.56
Moser Baer India LimitedMOSERBAER517140
Astra Microwave Products LimitedASTRAMICRO532493348.6015.63

Notes:

  • The market price and P/E ratios are as of June 2024.
  • Moser Baer India Limited and Astra Microwave Products Limited did not have complete financial data available.

This table provides a clear view of the major semiconductor companies in India that are publicly listed, along with their financial metrics.

Mindteck (India) Limited

List of semiconductor stocks in India

NameMarket Cap (Rs. in cr.)Close Price (Rs.)5Y CAGR (%)1Y Return (%)Total Debt (Rs. in cr.)Net Income (Rs. in cr.)
ASM Technologies Ltd652.62551.4559.99117.8750.5814.61
Tata Elxsi Ltd44,867.997,204.6553.3814.02138.50549.66
Dixon Technologies (India) Ltd25,492.104,295.851.82-25.33666.90190.16
SPEL Semiconductor Ltd267.0157.941.29127.9529.93-11.84
Ruttonsha International Rectifier Ltd173.51249.440.50166.1629.202.81
HCL Technologies Ltd2,73,225.261,009.2016.92-17.376,343.0013,499
Surana Telecom and Power Ltd151.3711.1515.396.6925.207.92
Moschip Technologies Ltd1,130.1770.3510.2444.0167.626.42
MIC Electronics Ltd260.1911.758.12803.847.882.97
Vedanta Ltd1,03,736.53279.7-3.33-25.3653,58118,802
Solex Energy Ltd254.8318.5524.5021.320.99

Here is the updated and consolidated list of semiconductor manufacturing and semiconductor component manufacturing companies in India that are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), including the previously omitted Moser Baer and Astra Microwave:

Semiconductor Manufacturing Companies Listed on NSE and BSE

  1. Bharat Electronics Limited (BEL)
  • Ticker: NSE: BEL, BSE: 500049
  • Market Cap: ₹2,27,041.73 crore
  • Description: State-owned company involved in manufacturing a wide range of electronic products, including semiconductor devices.
  1. Dixon Technologies (India) Limited
  • Ticker: NSE: DIXON, BSE: 540699
  • Market Cap: ₹69,487.39 crore
  • Description: Leading contract manufacturer of consumer electronics and home appliances, expanding into semiconductor manufacturing through collaborations.
  1. Tata Elxsi Limited
  • Ticker: NSE: TATAELXSI, BSE: 500408
  • Market Cap: ₹45,573.90 crore
  • Description: Provides design and technology services for product development, including semiconductor design and embedded systems.
  1. Moschip Technologies Limited
  • Ticker: NSE: MOSCHIP, BSE: 532407
  • Market Cap: ₹5,624.38 crore
  • Description: Involved in semiconductor design services, including VLSI design and turnkey solutions for various electronic products.
  1. ASM Technologies Limited
  • Ticker: NSE: ASMTEC, BSE: 526433
  • Market Cap: ₹1,247.51 crore
  • Description: Offers business and technology consulting services, including semiconductor design and embedded systems.
  1. MIC Electronics Limited
  • Ticker: NSE: MIC, BSE: 532850
  • Market Cap: ₹1,068.48 crore
  • Description: Specializes in LED display systems and components, involving semiconductor elements.
  1. SPEL Semiconductor Limited
  • Ticker: NSE: SPEL, BSE: 517166
  • Market Cap: ₹679.31 crore
  • Description: India’s first semiconductor IC assembly and test facility provider, offering packaging technology for semiconductors used in diverse end markets.
  1. Surana Telecom and Power Limited
  • Ticker: NSE: SURANAT&P, BSE: 517530
  • Market Cap: ₹211.11 crore
  • Description: Manufactures telecom products, power cables, and solar energy solutions, including semiconductor components.
  1. Ruttonsha International Rectifier Ltd
  • Ticker: NSE: RIR, BSE: 517035
  • Market Cap: ₹1,322.75 crore
  • Description: Manufactures power semiconductors with a long-standing association with International Rectifier, USA.
  1. Solex Energy Limited
    • Ticker: NSE: SOLEX, BSE: 541133
    • Market Cap: ₹893.52 crore
    • Description: Manufactures solar panels and other solar energy products, integrating semiconductor technologies.
  2. Moser Baer India Limited
    • Ticker: NSE: MOSERBAER, BSE: 517140
    • Market Cap: Data not available (company has faced financial difficulties and insolvency proceedings in the past).
    • Description: Known for optical storage media products and has ventured into semiconductor space, particularly in photovoltaic cells.
  3. Astra Microwave Products Limited
    • Ticker: NSE: ASTRAMICRO, BSE: 532493
    • Market Cap: Data not provided
    • Description: Designs and manufactures RF and microwave subsystems and components for defense, space, and telecommunications, including semiconductor components.

Additional Insights

  • Vedanta Limited
  • Ticker: NSE: VEDL, BSE: 500295
  • Market Cap: ₹1,72,700.96 crore
  • Description: Though primarily known for mining and metal operations, Vedanta is involved in semiconductor manufacturing initiatives.
  • HCL Technologies
  • Ticker: NSE: HCLTECH, BSE: 532281
  • Market Cap: ₹3,90,767.77 crore
  • Description: Primarily an IT services company but also engages in semiconductor design services.

Conclusion

These companies represent a significant part of the semiconductor ecosystem in India, contributing to various aspects of semiconductor manufacturing and design. They are listed on major stock exchanges (NSE and BSE), providing investors opportunities to invest in India’s growing semiconductor industry.

References