3 Semiconductor Stocks with Strong Future Roadmaps in India

Home Views On News Aug 30, 2026 - 3 Semiconductor Stocks with Strong Future Roadmaps in India

3 Semiconductor Stocks with Strong Future Roadmaps in India

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India's semiconductor industry is emerging as a strategic sector, driven by rising demand for chips from automobiles, smartphones, electronics, telecom, defence, AI and data centers.

The government is supporting the industry through large financial incentives under the India Semiconductor Mission, encouraging chip fabrication, assembly, testing, packaging, and design.

The country has significant strength in chip design and engineering talent but remains dependent on imports for advanced manufacturing equipment and materials.

Successful execution of planned fabs and packaging facilities could improve India's position in the global semiconductor supply chain.

Here are 3 stocks associated with the semiconductor space with aggressive growth plans.

#1 GG Power and Industrial Solutions

First on our list is the stock of CG Power and Industrial Solutions.

CG Power and Industrial Solutions is an established electrical equipment company expanding into semiconductors through CG Semi.

Its Sanand, Gujarat facility focuses on semiconductor assembly, testing and packaging (OSAT), in partnership with Renesas and Stars Microelectronics. The overall investment is over Rs 76 bn.

This diversification by CG Power could create a significant new growth avenue alongside its traditional electrical and industrial businesses.

Commercial production has already started at the G1 OSAT facility in Sanand, Gujarat, on 4 July 2026. It's no longer merely a pilot/qualification project.

The G1 capacity is about 300 m chips annually (0.5 m units/day at peak) and the plant has begun dispatching its first semiconductor products, marking the transition into commercial operations.

G2 is under construction and is targeted for completion by the end of 2026.

Financial Highlights FY23-25

FY23 FY24 FY25 Net Sales 69,725 80,460 99,087 Operating Profit 10,731 12,485 14,809 Net Profit Margin (%) 11.4 10.8 9.8 Profit After Tax 7963 8,711 9,730

Source: Equitymaster

On the financial front, in Q1 FY27, CG Power and Industrial Solutions reported consolidated net sales of Rs 32,808 m against Rs 28,781 m in the corresponding period of last year. Net profits for Q1 FY27 was placed at Rs 3,083 m as against Rs 2,669 m YoY.

The company presently has an unexecuted order backlog as of 30 June 2026 of Rs 173.33 bn, providing good revenue visibility for the coming years.

To know more check CG Power fact sheet and latest quarterly results.

#2 Kaynes Technology India Next on our list is the stock of Kaynes Technology India. The company is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. It has capabilities across the entire spectrum of ESDM services. Kaynes Technology India has entered the Outsourced Semiconductor Assembly and Testing (OSAT) through its wholly owned subsidiary, Kaynes Semicon Pvt Ltd, which is into chip assembly, packaging, and testing. The management, in an earnings call in August, said they have received the government subsidy to the tune of Rs 1,700 m for its OSAT business till July 2026. Specifically regarding OSAT, the partnership between Mitsui and Kaynes Semicon is a major milestone for its subsidiary. Financial Highlights of Kaynes Technology India FY23 FY24 FY25 Net Sales 11,261 18,046 27,218 Operating Profit 1,813 3,126 5,221 Net Profit Margin (%) 8.5 10.2 10.8 Profit After Tax 952 1,833 2,934 Source: Equitymaster

In Q1FY27, the company's total revenue stood at Rs 9.46 bn, reflecting a YoY growth of 40%, largely driven by the EMS business. EBITDA for the quarter was Rs 1,476 m, translating into an EBITDA margin of 15.6% and 31% YoY growth. The company has an order book of around Rs 90 bn. Moving ahead, the management says that after feedback from various stakeholders, and considering constraints of its balance sheet, the company has taken a conscious decision of growing more in EMS business, which is its traditional and core business and has degrown the smart metering business. To know more, check the Kaynes India Technology fact sheet and latest quarterly results. #3 MosChip Technologies Next on our list is the stock of MosChip Technologies. MosChip partners with semiconductor companies globally to design and validate chips for automotive, telecom, consumer electronics, AI, and industrial applications. In a move to expand its presence in the semiconductor space, MosChip plans to acquire a 73% controlling stake in Vayavya Labs Private Ltd. Vayavya Labs has built a reputation as a high-quality "Silicon-to-System" engineering partner across industries such as Semiconductors, Consumer Electronics (CE) etc. Vayavya Labs serves a global customer base that includes Tier-1 Semiconductor companies. Financial Highlights of MosChip Technologies FY23 FY24 FY25 Net Sales 1,984 2,939 4,668 Operating Profit 313 376 601 Net Profit Margin (%) 3.1 3.4 7.2 Profit After Tax 62 99 335 Source: Equitymaster

On the financial front, MosChip Technologies reported Q1 FY27 revenue of Rs 1,162 m vs 1,356 m YoY. Net profit plunged to Rs 24 m from Rs 109 m YoY. The company, in a release, has said that fluctuations in revenue are inherent to the Turnkey ASIC business, where revenue is linked to project milestones and stages of completion (Certain Turnkey engagements progressed to the tape-out stage during the quarter). Conclusion India's semiconductor opportunity is promising, but investors should remember that most companies are still in the early stages of commercial semiconductor manufacturing. Large capital expenditure, technology dependence, customer concentration, execution delays, and intense global competition can affect returns. Semiconductor projects may also take several years to reach meaningful profitability. In addition, some stocks may reflect very high growth expectations, making them vulnerable to sharp corrections if production or earnings disappoint. Investors should therefore evaluate valuations, actual semiconductor revenue/profit contribution and project execution rather than investing solely on the semiconductor theme. To know more, check the MosChip Technologies factsheet and latest quarterly results. Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions. Happy investing. --- Advertisement ---

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