Moschip Technologies Ltd

Moschip Technologies Ltd

₹ 226 3.22%
22 Nov - close price
About

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]

Key Points

Business Overview
Moschip is a semiconductor and system design services company headquartered in Hyderabad, India, with offices located in silicon valley USA, Hyderabad, Bangalore, Ahmedabad and Pune. It provides turn-key digital and mixed-signal ASICs, design services, SerDes IP, and embedded system design solutions. Over the past 2 decades, MosChip has developed and shipped millions of connectivity ICs. [1]

  • Market Cap 4,296 Cr.
  • Current Price 226
  • High / Low 327 / 83.5
  • Stock P/E 256
  • Book Value 15.4
  • Dividend Yield 0.00 %
  • ROCE 6.62 %
  • ROE 5.17 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.6% CAGR over last 5 years
  • Company's median sales growth is 32.8% of last 10 years

Cons

  • Stock is trading at 14.6 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.41%
  • Tax rate seems low
  • Company has a low return on equity of 6.63% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
38.02 38.29 37.41 41.67 49.15 53.70 53.83 57.01 71.85 89.63 75.42 80.35 125.63
32.27 32.09 31.68 35.58 43.90 46.18 46.38 49.28 61.63 80.83 68.05 71.49 109.89
Operating Profit 5.75 6.20 5.73 6.09 5.25 7.52 7.45 7.73 10.22 8.80 7.37 8.86 15.74
OPM % 15.12% 16.19% 15.32% 14.61% 10.68% 14.00% 13.84% 13.56% 14.22% 9.82% 9.77% 11.03% 12.53%
1.22 1.29 0.57 0.95 3.24 0.62 0.16 1.66 0.84 0.41 0.58 1.50 1.01
Interest 2.20 2.11 2.10 2.04 2.45 1.71 1.52 1.55 1.53 1.48 1.46 1.62 1.93
Depreciation 3.16 3.26 3.19 3.45 4.74 4.57 4.57 4.53 5.57 5.26 4.90 4.63 5.09
Profit before tax 1.61 2.12 1.01 1.55 1.30 1.86 1.52 3.31 3.96 2.47 1.59 4.11 9.73
Tax % 0.62% 0.00% 0.00% 0.00% 4.62% 0.00% 0.00% 3.02% 8.59% 11.34% 45.28% 2.92% 0.00%
1.60 2.12 1.01 1.55 1.24 1.86 1.52 3.21 3.63 2.19 0.87 3.98 9.73
EPS in Rs 0.10 0.13 0.06 0.10 0.08 0.11 0.09 0.18 0.20 0.12 0.05 0.21 0.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
10 8 6 5 38 60 75 99 105 148 198 294 371
17 14 8 14 37 66 91 114 98 125 172 260 330
Operating Profit -7 -7 -2 -9 0 -5 -16 -15 7 23 26 34 41
OPM % -69% -88% -37% -165% 0% -9% -21% -15% 7% 15% 13% 12% 11%
-6 -1 0 0 3 0 2 -16 2 5 5 3 4
Interest 1 2 2 3 2 5 5 6 9 9 8 6 6
Depreciation 1 0 0 0 0 2 9 9 9 13 17 20 20
Profit before tax -14 -10 -5 -12 1 -13 -28 -46 -9 6 6 11 18
Tax % 0% 0% 0% 0% 9% 0% 3% -1% 1% 0% 1% 13%
-14 -10 -5 -12 1 -13 -29 -46 -9 6 6 10 17
EPS in Rs -3.13 -2.13 -1.01 -2.59 0.09 -0.96 -1.96 -2.91 -0.58 0.40 0.37 0.53 0.89
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 44%
5 Years: 31%
3 Years: 41%
TTM: 57%
Compounded Profit Growth
10 Years: 12%
5 Years: 19%
3 Years: 45%
TTM: 64%
Stock Price CAGR
10 Years: 50%
5 Years: 83%
3 Years: 69%
1 Year: 141%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: 7%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 46 46 9 9 25 26 31 32 32 32 33 38 38
Reserves -44 -52 -22 -34 19 12 50 31 21 33 80 232 255
9 13 16 26 32 55 44 62 63 68 72 69 92
3 8 9 10 11 33 59 36 37 29 30 44 73
Total Liabilities 15 15 13 11 87 126 184 161 154 162 215 382 458
3 2 0 0 32 48 105 96 91 94 110 236 247
CWIP 0 0 0 0 14 10 2 3 0 0 0 9 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
12 13 13 11 40 67 77 61 62 68 105 138 210
Total Assets 15 15 13 11 87 126 184 161 154 162 215 382 458

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 -0 -0 -0 -39 -20 -21 -11 11 16 14 31
0 0 0 0 -15 -14 -7 -2 -0 -6 -18 -81
-0 0 0 0 56 34 29 13 -8 -10 -0 51
Net Cash Flow -1 -0 -0 -0 1 -0 2 0 3 1 -4 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 176 155 51 87 150 202 170 103 121 102 134 112
Inventory Days 259 103 192 79 48 12
Days Payable 372 372 836 643 356 221
Cash Conversion Cycle 176 155 51 87 37 -67 -473 -461 121 -207 134 -96
Working Capital Days 298 166 154 77 251 185 187 91 85 95 124 101
ROCE % -60% -76% -44% -321% 4% -9% -21% -18% -0% 12% 9% 7%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.57% 55.30% 55.28% 55.03% 55.15% 55.00% 51.23% 50.32% 47.64% 47.33% 46.51% 46.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20% 2.84% 2.80% 2.86% 3.64%
44.31% 44.57% 44.59% 44.85% 44.73% 44.87% 48.65% 49.38% 49.42% 49.76% 50.52% 50.15%
0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.11% 0.11% 0.11% 0.10% 0.10% 0.10%
No. of Shareholders 47,36379,64781,88077,40174,32670,99269,75876,96885,0721,05,9381,91,7482,21,336

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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