Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹3,957Cr
Rev Gr TTM
Revenue Growth TTM
39.03%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

MOSCHIP
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 43.9 | 36.8 | 46.2 | 66.9 | 40.1 | 40.9 | 74.8 | 40.8 | 78.6 | 68.8 | 17.0 | 18.4 |
| 46 | 49 | 62 | 81 | 68 | 71 | 110 | 109 | 120 | 119 | 130 | 134 |
Operating Profit Operating ProfitCr |
| 13.8 | 13.6 | 14.2 | 9.8 | 9.8 | 11.0 | 12.6 | 13.5 | 10.7 | 12.2 | 11.4 | 10.1 |
Other Income Other IncomeCr | 0 | 2 | 1 | 0 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | -5 |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
Depreciation DepreciationCr | 5 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 4 | 4 |
| 2 | 3 | 4 | 2 | 2 | 4 | 10 | 11 | 9 | 11 | 13 | 5 |
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | 50.5 | 107.1 | 192.7 | 17.7 | -42.8 | 24.0 | 168.0 | 405.0 | 898.9 | 173.9 | 24.9 | -60.8 |
| 2.8 | 5.6 | 5.0 | 2.4 | 1.1 | 5.0 | 7.7 | 8.8 | 6.5 | 8.0 | 8.3 | 2.9 |
| 0.1 | 0.2 | 0.2 | 0.1 | 0.0 | 0.2 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| -21.3 | -10.5 | 601.3 | 60.0 | 24.2 | 32.9 | 5.9 | 40.4 | 34.4 | 48.2 | 58.8 | 21.4 |
| 8 | 14 | 37 | 66 | 89 | 114 | 98 | 125 | 172 | 260 | 411 | 504 |
Operating Profit Operating ProfitCr |
| -37.0 | -164.9 | 0.4 | -9.1 | -19.5 | -15.2 | 6.6 | 15.3 | 13.3 | 11.7 | 12.0 | 11.1 |
Other Income Other IncomeCr | 0 | 0 | 3 | 0 | 0 | -16 | 2 | 5 | 5 | 3 | 4 | -2 |
Interest Expense Interest ExpenseCr | 2 | 3 | 2 | 5 | 5 | 6 | 9 | 9 | 8 | 6 | 7 | 5 |
Depreciation DepreciationCr | 0 | 0 | 0 | 2 | 9 | 9 | 9 | 13 | 17 | 20 | 19 | 18 |
| -5 | -12 | 1 | -13 | -28 | -46 | -9 | 6 | 6 | 11 | 34 | 38 |
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
|
| 52.6 | -157.3 | 109.8 | -1,174.5 | -128.5 | -59.4 | 80.1 | 170.5 | -4.3 | 60.0 | 238.6 | 7.8 |
| -77.4 | -222.6 | 3.1 | -21.0 | -38.6 | -46.3 | -8.7 | 4.4 | 3.1 | 3.4 | 7.2 | 6.4 |
| -1.0 | -2.6 | 0.1 | -1.0 | -1.9 | -2.9 | -0.6 | 0.4 | 0.4 | 0.6 | 1.8 | 1.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 9 | 9 | 25 | 26 | 31 | 32 | 32 | 32 | 33 | 38 | 38 | 38 |
| -22 | -34 | 19 | 12 | 50 | 31 | 21 | 33 | 80 | 231 | 289 | 329 |
Current Liabilities Current LiabilitiesCr | 25 | 35 | 42 | 83 | 74 | 92 | 90 | 79 | 56 | 77 | 78 | 122 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 1 | 1 | 1 | 7 | 7 | 11 | 18 | 46 | 36 | 38 | 49 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 12 | 11 | 40 | 62 | 72 | 58 | 60 | 66 | 101 | 132 | 186 | 264 |
Non Current Assets Non Current AssetsCr | 1 | 1 | 47 | 64 | 112 | 103 | 94 | 96 | 114 | 250 | 258 | 274 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | 0 | -39 | -20 | -21 | -11 | 11 | 16 | 14 | 31 | 100 |
Investing Cash Flow Investing Cash FlowCr | 0 | 0 | -15 | -14 | -8 | -1 | -1 | -6 | -18 | -86 | -13 |
Financing Cash Flow Financing Cash FlowCr | 0 | 0 | 56 | 34 | 29 | 13 | -8 | -10 | 0 | 51 | -56 |
|
Free Cash Flow Free Cash FlowCr | 0 | 0 | -51 | -25 | -22 | -12 | 11 | 13 | 8 | 4 | 86 |
| 4.6 | 0.8 | -3,323.7 | 157.8 | 71.6 | 24.8 | -118.4 | 254.4 | 227.2 | 311.5 | 299.7 |
CFO To EBITDA CFO To EBITDA% | 9.7 | 1.1 | -26,954.6 | 363.5 | 142.2 | 75.6 | 156.3 | 72.7 | 53.3 | 89.6 | 178.8 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 41 | 575 | 412 | 280 | 111 | 361 | 973 | 1,046 | 1,666 | 2,790 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 511.7 | 0.0 | 0.0 | 0.0 | 0.0 | 152.0 | 169.7 | 167.1 | 83.4 |
Price To Sales Price To Sales | 0.0 | 7.7 | 15.3 | 6.8 | 3.7 | 1.1 | 3.4 | 6.6 | 5.3 | 5.7 | 6.0 |
Price To Book Price To Book | 0.0 | -1.7 | 13.1 | 10.7 | 3.6 | 1.8 | 6.8 | 14.9 | 9.2 | 6.2 | 8.5 |
| -6.8 | -7.5 | 4,156.1 | -84.4 | -22.2 | -11.2 | 60.3 | 45.8 | 42.0 | 49.8 | 49.1 |
Profitability Ratios Profitability Ratios |
| 98.1 | 99.1 | 79.2 | 66.0 | 87.2 | 87.1 | 96.4 | 98.5 | 99.3 | 91.6 | 96.8 |
| -37.0 | -164.9 | 0.4 | -9.1 | -19.5 | -15.2 | 6.6 | 15.3 | 13.3 | 11.7 | 12.0 |
| -77.4 | -222.6 | 3.1 | -21.0 | -38.6 | -46.3 | -8.7 | 4.4 | 3.1 | 3.4 | 7.2 |
| -57.9 | -643.3 | 4.3 | -7.8 | -18.1 | -32.1 | -0.5 | 11.3 | 7.5 | 5.1 | 11.8 |
| 37.6 | 49.0 | 2.7 | -33.0 | -35.7 | -73.9 | -17.3 | 9.9 | 5.5 | 3.7 | 10.2 |
| -34.6 | -105.5 | 1.4 | -10.0 | -15.7 | -28.6 | -6.0 | 4.0 | 2.9 | 2.6 | 7.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
**Moschip Technologies Limited**, headquartered in **Hyderabad, India**, is a **publicly traded** (BSE-listed) fabless semiconductor and product engineering solutions company with **over 26 years of experience** in ASIC design, embedded systems, digital engineering, and AI/ML integration. Founded on **July 27, 1999**, Moschip is **India’s first publicly listed fabless semiconductor company**, symbolizing a milestone in the nation's semiconductor journey.
Operating globally with engineering centers in **Silicon Valley (USA), Hyderabad, Bengaluru, Ahmedabad, and Pune**, Moschip employs **over 1,500 engineers and domain experts**. It serves as a strategic engineering partner to Fortune 500 companies and high-growth OEMs across **semiconductors, automotive, industrial, consumer electronics, healthcare, and telecommunications**.
---
### **Core Business Segments & Offerings**
#### **1. Semiconductor Engineering Services**
Moschip offers **end-to-end ASIC design services**, including:
- **Turnkey ASIC solutions** (from concept to production)
- **Design Services**: RTL design, verification (UVM), physical design, DFT, gate-to-GDSII implementation
- **IP Services**: Custom and reusable IP blocks for SerDes, PLLs, data converters, RISC-V, smart meters, etc.
- **Analog/Mixed-Signal Design**: High-performance analog circuits, SerDes, DDR porting, RF design on advanced nodes (7nm to 5nm)
- **High-Speed Connectivity IP**: PCIe (16G–64G), Ethernet, PAM4 SerDes, and multi-protocol 8G PHY (PCIe Gen3.1, SATA3, DisplayPort)
- **Emulation & Post-Silicon Validation**: Strengthening capabilities to support complex designs
Moschip has successfully delivered **over 200 SoC tape-outs** with a **first-time-right silicon** record, including large-scale designs exceeding **100 million gates**. It is a proud member of **TSMC’s Design Center Alliance (DCA)**, ensuring early access to cutting-edge process technologies.
---
#### **2. Strategic Projects & Government Collaborations**
- **AUM HPC SoC (codenamed "Aum")**: A landmark **5nm high-performance computing SoC** designed in collaboration with **C-DAC and Socionext**, based on **Arm® architecture**.
- Contract value: **₹509.37 crore** (project duration: 3 years + 1 year support)
- Purpose: Supports India’s **National Supercomputing Mission** with applications in scientific computing, AI, and cloud workloads
- Reflects Moschip’s leadership in **indigenous semiconductor development**
- **Smart Energy Meter IC**: Developed under India’s **Design-Linked Incentive (DLI) Scheme**, this **polyphase ASSP** is compliant with **IS and IEC standards**, targeting global utility OEMs. Represents Moschip’s strategy to move into **standard product development**.
---
#### **3. Digital & AI Engineering (ProductXcelerate™ & DigitalSky™ Platforms)**
Moschip has evolved beyond traditional design services into a **full-stack "Chip-to-Cloud" product engineering partner**, offering intelligent, vertical-ready solutions.
##### **DigitalSky GenAIoT™**
Launched in **March 2025**, this unified digital accelerator suite integrates:
- IoT & Connectivity
- Edge AI, Cloud AI, Generative AI (GenAI)
- Security and workflow automation
- Device orchestration and telemetry
Used across **automotive, healthcare, manufacturing, smart homes, and energy**.
##### **AgenticSky™ (Oct 2025 Launch)**
A suite of **AI accelerators** enabling **Agentic AI** traits—**goal-orientation, adaptation, anticipation, and autonomy**—in edge devices.
- **AgenticSky Cores**:
- VisionCore
- HMICore
- WearableCore
- ControllerCore
- Powered by **AgenticSky Fabric**, a 4-layer reconfigurable framework for **perception → interpretation → decision → action**
- Reduces product development cycles by **up to 40%**
##### **ProductXcelerate™ Blueprints (Oct 2025)**
Pre-validated, vertical-ready **reference designs** aligned with **SMARC standards**, combining **hardware, embedded software, AI stacks, and digital systems**.
Demonstrated at **Embedded World North America**, examples include:
- **Automotive SDV Gateway**: SOAFEE/COVESA-compliant, with GenAIoT telemetry and adaptive diagnostics
- **Industrial & BMS Edge Gateway**: IO-Link/BACnet, self-healing control, real-time optimization
- **Retail Auto-Checkout Kiosk**: Vision-optimized, cognitive AI, context-aware
- **Home Automation Bridge**: Matter-ready, adaptive mesh recovery
- **Wearable Companion**: Continuous health analytics, energy-efficient SoC, personalized feedback
Eliminates integration barriers and **accelerates time-to-market** for intelligent products.
---
#### **4. AI/ML & Embedded Engineering**
Moschip offers comprehensive **AI/ML engineering services**, including:
- End-to-end pipeline: data prep → model development → optimization → edge/cloud deployment
- **Computer vision, cognitive AI, deep learning**, and GenAI integration
- Partnerships: **Renesas RZ Partner Ecosystem** (AI/ML Design Partner), utilizing **RZ/V MPUs with DRP-AI accelerators**
- AI-powered applications developed: PPE detection, patient monitoring, ADAS brake alert, action recognition
Also provides:
- **Embedded firmware, BSPs, RTOS/Linux/Android porting**
- **FPGA solutions** (RTL, acceleration, bring-up)
- **High-speed PCB design**, rugged enclosures, compliance testing (EMC, thermal, SI/PI)
---
#### **5. IoT & Connectivity Solutions**
- Full-stack IoT product development: sensors → gateways → cloud analytics
- Proprietary **GeoHEMS platform**: Indigenous **real-time asset monitoring** for industrial clients, with predictive maintenance, TLS 1.2 security, and 4G/5G migration
- **Smart metering, telematics, connected wearables**, industrial protocols (CAN, Modbus, IO-Link, OPC-UA)
---
### **Strategic Initiatives & Market Position**
- **Transition to Turnkey & ASSP Business**: Moving up the value chain from design services to **high-margin, repeatable turnkey ASIC and ASSP models**.
- **Indigenous Innovation**: A key player in India’s **Make in India** and **semiconductor self-reliance** mission.
- **RISC-V Focus**: Partnered with **Tenstorrent** to deliver RISC-V-based CPU/GPU SoCs.
- **Global R&D Partnerships**: Collaborations with **TSMC, C-DAC, Socionext, Renesas, AMD-Xilinx, Intel-Altera, Lattice, and Microchip**.
- **Acquisition Strategy**: Strengthened capabilities through **acquisition of Softnautics (2023)** – added 185+ engineers, expanded North American footprint, and enhanced embedded/FPGA expertise.
---
### **Academic & Talent Development**
- **Moschip Academy of Silicon Systems & Technologies (MAST)**: Trained **over 2,500 engineers** across 50+ batches with recruitment support from 20+ tier-1 companies.
- Focus on **bridging academia-industry gap** in VLSI, embedded systems, and AI.
---
### **Financial & Operational Highlights**
- **Revenue Growth**: 48% YoY growth in FY24 (₹293.91 crores from operations)
- **Key Revenue Drivers**: Turnkey ASICs, design services, IP licensing
- **Recent Turnkey Deliveries**: Multiple tape-outs, including HPC SoC and commercial silicon for domestic clients
- **Expanding Infrastructure**: Over **105,000 sq. ft.** of leased office space across India and USA