Introduction
Semiconductor stocks are stocks of companies that manufacture and market semiconductors used to make chips that manage and control the flow of electricity. Semiconductors play a crucial role in our everyday technology. They are used in everything from cars and computers to home appliances, cell phones, and video games. The semiconductor sector is currently undergoing remarkable growth and transformation. With the rising demand for semiconductor chips, semiconductor stocks are capturing everyone's attention.
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10 Biggest Semiconductor Companies
Let’s look at some of the biggest semiconductor companies in the stock market:
Bharat Electronics Limited
Bharat Electronics Limited (BEL) was formed in 1954 under the Ministry of Defence to meet the electronic needs of the Indian Defence sector. The company offers an impressive array of products and has a keen interest in civil aviation, satellite assembly and integration, and anti-drone systems.
- Market Cap: ₹2,93,561 Cr
- Stock Price: ₹402
- Stock P/E: 53.4
- Sub-sector: Electronics Equipment
Hitachi Energy India Limited
Hitachi Energy India Limited stands out in the power technology sector and is recognised for its diverse technology solutions. Their product lineup includes cable accessories, communication networks, cooling systems, energy storage solutions, generators, circuit breakers, semiconductors, surge arresters, and much more. It also offers a range of services, including the installation of electric grids, asset assessment and security, alongside maintenance, upgrades, and repairs.
- Market Cap: ₹88,866 Cr
- Stock Price: ₹19,938
- Stock P/E: 176
- Sub-sector: Heavy Electrical Equipment
Havells India Limited
Havells India Limited stands out as a prominent manufacturer of power distribution equipment and has established itself as a leading player in the Fast Moving Electrical Goods (FMEG) sector on a global scale. The company offers an extensive selection of products, featuring everything from circuit protection devices and cables to motors, fans, switches, home appliances, and beyond.
- Market Cap: ₹1,01,022 Cr
- Stock Price: 1,612.00
- Stock P/E: 71.6
- Sub-sector: Electrical Components & Equipment
ASM Technologies Limited
ASM Technologies provides specialised engineering services and solutions tailored for the semiconductor industry, emphasising on conception, creation, and operational support for the machinery and systems essential in the production of semiconductor devices. The company has the potential to perform well in the area because it has an established foothold in India and its plans are in line with the projected expansion of the country's semiconductor production sector.
- Market Cap: ₹ 5,616 Cr
- Stock Price: ₹ 4,310
- Stock P/E: 143
- Sub-sector: IT Services & Consultancies
V Guard Industries Limited
V-Guard Industries Limited is involved in the manufacturing and trading of a diverse range of electrical products and consumer durables. Their lineup features voltage stabilisers, inverters, inverter batteries, solar water heaters, distribution boards, wiring cables, domestic and agricultural pumps, industrial motors, fans, and more.
- Market Cap: ₹16,245 Crores
- Stock Price: ₹373
- Stock P/E: 56.3
- Sub-sector: Electrical Components & Equipment
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions Limited, originally known as Crompton Greaves Limited, specialises in the design, manufacturing, and sale of equipment essential for power generation, distribution, transmission, and rail transportation. Their products include transformers, reactors, switchgear, medium and low-voltage rotating machines, drives, stampings, and specialised equipment for Indian railways.
- Market Cap: ₹1,24,502 Cr
- Stock Price: ₹791
- Stock P/E: 124
- Sub-sector: Heavy Electrical Equipment
Moschip Semiconductor Technologies
Moschip Semiconductor Technologies is a fabless semiconductor company in the consumer electronics, automotive, and industrial applications sectors. The company offers semiconductor IP development, VLSI design, and embedded hardware/software solutions for aircraft, automotive, consumer electronics, and industrial automation.
- Market Cap: ₹ 5,176 Cr
- Stock Price: ₹ 269
- Stock P/E: 128
- Sub-sector: Software Services
HCL Technologies
HCL Technologies stands out as a significant contributor in the worldwide IT services and consulting landscape, strongly emphasising semiconductor design and manufacturing. The company boasts an impressive history of delivering services to semiconductor firms and is currently making significant investments in semiconductor design and manufacturing.
- Market Cap: ₹ 4,00,850 Cr
- Stock Price: ₹ 1,477
- Stock P/E: 23.6
- Sub-sector: IT Services & Consultancies
Vedanta Limited
Vedanta Ltd stands out as a multifaceted conglomerate, engaging in a variety of sectors including mining, metals, oil and gas, and electronics. The company is pouring substantial resources into semiconductor manufacturing, with the goal of establishing itself as a key contender in the industry.
- Market Cap: ₹ 1,80,347 Cr
- Stock Price: ₹ 461
- Stock P/E: 13.4
- Sub-sector: Metals (Diversified)
Tata Elxsi Limited
Tata Elxsi is a frontrunner in tech design and engineering services tailored for the semiconductor sector. The company offers semiconductor AI tools, software development kits (SDKs), and operational security solutions, with innovation in automobiles, healthcare, consumer electronics, and communications.
- Market Cap: ₹ 35,413 Cr
- Stock Price: ₹ 5,685
- Stock P/E: 47.6
- Sub-sector: Software Services
Conclusion
The Indian semiconductor industry has a lot of room to grow in the future because of the innovation, government incentives, and growing demand for semiconductor chips around the world. India might change the way semiconductors are made across the world thanks to increased investment and a strong pool of skilled workers. These aspects make the semiconductor industry a lucrative investment opportunity for investors.