Top Semiconductor Stocks in India
India’s semiconductor sector is expanding as domestic manufacturing and design capabilities scale up. The government has approved a ₹76,000 cr. semiconductor incentive programme, while India’s semiconductor market is projected to grow from about USD 38 bn in 2023 to over USD 100 bn by 2030, driven by electronics, automotive, telecom, and data centres. Against this backdrop, semiconductor stocks in India reflect companies linked to chip design, fabrication support, and electronics manufacturing, making the segment increasingly relevant for sector-level analysis.
Best Semiconductor Stocks for 2026
Sunday, 1 February, 2026
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ABB | ABB India Ltd | ABB | /stocks/abb-india-ABB | Heavy Electrical Equipments | 5,578.50 | 6,260.00 | 4,637.50 | 118,213.09 | 63.16 | 40.16 | 16.71 | 0.79 | 28.75 | -2.46 | 98.18 | 303.38 | Largecap | Capital Goods | Electrical Equipment | Heavy Electrical Equipment | 1.91 |
| ABBW | Hitachi Energy India Ltd | POWERINDIA | /stocks/abb-power-products-and-systems-india-ABBW | Heavy Electrical Equipments | 18,862.00 | 22,840.00 | 10,300.00 | 84,072.39 | 218.95 | 40.16 | 19.95 | 0.03 | 13.78 | 53.63 | 523.51 | 1,439.76 | Midcap | Capital Goods | Electrical Equipment | Heavy Electrical Equipment | 2.95 |
| BAJE | Bharat Electronics Ltd | BEL | /stocks/bharat-electronics-BAJE | Electronic Equipments | 449.00 | 457.50 | 240.25 | 328,209.07 | 61.68 | 28.19 | 16.42 | 0.53 | 29.29 | 61.08 | 404.78 | 907.40 | Largecap | Capital Goods | Electronic Equipment, Instruments & Components | Aerospace & Defense | 1.01 |
| CGPO | CG Power and Industrial Solutions Ltd | CGPOWER | /stocks/cg-power-and-industrial-solutions-CGPO | Heavy Electrical Equipments | 584.05 | 797.55 | 517.70 | 91,981.60 | 94.38 | 40.16 | 22.78 | 0.22 | 27.62 | -5.89 | 93.55 | 1,343.88 | Midcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -1.06 |
| DIXO | Dixon Technologies (India) Ltd | DIXON | /stocks/dixon-technologies-india-DIXO | Home Electronics & Appliances | 10,446.00 | 18,471.00 | 9,835.00 | 63,392.33 | 57.86 | 40.39 | 18.23 | 0.08 | 42.06 | -28.74 | 289.81 | 244.07 | Midcap | Consumer Durables & Apparel | Household Durables | Consumer Electronics | 1.05 |
| HCLT | HCL Technologies Ltd | HCLTECH | /stocks/hcl-technologies-HCLT | IT Services & Consulting | 1,695.60 | 1,752.50 | 1,302.75 | 458,746.32 | 26.38 | 28.19 | 6.58 | 3.55 | 25.21 | -1.02 | 49.42 | 82.65 | Largecap | Software & Services | Software | IT Consulting & Other Services | -1.51 |
| HVEL | Havells India Ltd | HAVELLS | /stocks/havells-india-HVEL | Electrical Components & Equipments | 1,285.00 | 1,712.85 | 1,257.90 | 80,602.50 | 54.75 | 40.16 | 9.66 | 0.78 | 18.65 | -16.77 | 9.22 | 20.98 | Midcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.87 |
| MELC | MIC Electronics Ltd | MICEL | /stocks/mic-electronics-MELC | Electrical Components & Equipments | 42.58 | 84.00 | 33.31 | 1,026.23 | 104.40 | 40.16 | 4.61 | 0.00 | 5.71 | -45.60 | 268.66 | 3,770.91 | Smallcap | Semiconductors & Semiconductor Equipment | Electrical Equipment | Semiconductors | -0.65 |
| MOS | Moschip Technologies Ltd | MOSCHIP | /stocks/moschip-technologies-MOS | Software Services | 210.42 | 288.45 | 129.98 | 4,056.24 | 121.23 | 29.39 | 12.36 | 0.00 | 11.20 | 5.88 | 5.88 | 5.88 | Smallcap | Software & Services | Software | Systems Software | 2.12 |
| POLC | Polycab India Ltd | POLYCAB | /stocks/polycab-india-POLC | Electrical Components & Equipments | 7,013.50 | 7,948.00 | 4,555.00 | 105,586.22 | 52.27 | 40.16 | 10.66 | 0.50 | 22.26 | 21.16 | 148.78 | 460.92 | Largecap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -0.06 |
| SOEX | Solex Energy Ltd | SOLEX | /stocks/solex-energy-SOEX | Industrial Machinery | 955.00 | 1,985.00 | 630.90 | 1,031.64 | 24.55 | 40.16 | 6.39 | 0.06 | 40.46 | 0.37 | 275.39 | 3,360.14 | Smallcap | Semiconductors & Semiconductor Equipment | Machinery | Semiconductors | -0.91 |
| SPICL | SPEL Semiconductor Ltd | SPELS | /stocks/spel-semiconductor-SPICL | Electronic Equipments | 170.80 | 262.80 | 100.05 | 787.69 | -37.40 | 28.19 | 60.97 | 0.00 | -91.57 | 8.96 | 274.97 | 1,337.71 | Smallcap | Semiconductors & Semiconductor Equipment | Electronic Equipment, Instruments & Components | Semiconductors | 5.50 |
| SURT | Surana Telecom and Power Ltd | SURANAT&P | /stocks/surana-telecom-and-power-SURT | Cables | 18.01 | 29.27 | 16.30 | 244.50 | 10.43 | 40.16 | 1.43 | 0.00 | 14.67 | -13.75 | 67.53 | 267.55 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 1.81 |
| TTEX | Tata Elxsi Ltd | TATAELXSI | /stocks/tata-elxsi-TTEX | Software Services | 5,323.50 | 6,735.00 | 4,700.00 | 33,163.15 | 42.25 | 28.19 | 11.60 | 1.41 | 29.26 | -13.24 | -19.07 | 80.47 | Midcap | Software & Services | Software | Systems Software | -0.16 |
| VDAN | Vedanta Ltd | VEDL | /stocks/vedanta-VDAN | Metals - Diversified | 681.55 | 769.80 | 363.00 | 266,361.37 | 17.77 | 29.39 | 4.96 | 6.39 | 31.28 | 57.60 | 111.73 | 297.75 | Largecap | Materials | Metals & Mining | Diversified Metals & Mining | -11.07 |
| VGUA | V Guard Industries Ltd | VGUARD | /stocks/v-guard-industries-VGUA | Electrical Components & Equipments | 351.95 | 409.75 | 298.00 | 15,357.15 | 48.95 | 40.16 | 7.32 | 0.43 | 16.04 | -3.40 | 42.46 | 52.46 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 5.22 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data in the above table is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
Selection Criteria – Companies that are associated with the semiconductor sector in India, based on publicly available information.
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What are Semiconductor Stocks?
Semiconductor stocks are shares in companies that design and manufacture chips used in devices such as smartphones, computers, and other electronic products. These companies are key players in industries like electronics, telecommunications, automotive, AI, IoT, and renewable energy.
Overview of the Top 5 Semiconductor Stocks in India
- Bharat Electronics Ltd: Founded in 1954 under the Ministry of Defence, Bharat Electronics leads the way in defence electronics manufacturing, including radars and communication systems. The company is also expanding into the civilian and tech sectors across India.
- HCL Technologies Ltd: HCL Technologies offers IT services, consulting, and digital transformation solutions. The company specialises in engineering, cloud computing, and software development to support global enterprises across various industries.
- Vedanta Ltd: Vedanta is a diversified natural resources company involved in the exploration and production of oil, gas, and metals. The company’s key operations include zinc, aluminium, iron ore, and power generation.
- CG Power and Industrial Solutions Ltd: CG Power designs, manufactures, and supplies transformers, switchgear, and electrical equipment for power transmission and distribution. The company provides engineering services to utilities and industrial customers across India.
- Polycab India Ltd: Polycab India Ltd is India’s largest manufacturer of wires and cables. The company has diversified into fast-moving electrical goods, including fans, LED lighting, switches, and solar products, serving both domestic and export markets.
Union Budget 2025-26: Focus on the Semiconductor Industry in India
The Union Budget 2025-26 highlights the Government of India’s push to strengthen domestic semiconductor capabilities with funding and supportive policies. Key takeaways include:
- ₹7,000 cr for Semiconductor Manufacturing: ₹7,000 cr. allocation for semiconductor manufacturing, covering fabrication, packaging, research, development, and design initiatives.
- Support for Fabless Startups & Infrastructure: Support for fabless design startups and advanced testing and packaging infrastructure to build end-to-end domestic capacity.
- R&D and Collaboration for Chip Design: Targeted R&D programs in chip design, coupled with collaborations with academia and global technology partners, are used to train specialised talent.
The Budget reflects a focus on creating a robust indigenous semiconductor ecosystem, attracting global players, and nurturing innovation across the value chain.
How to Invest in the Best Semiconductor Stocks?
Here is how you can invest in the best semiconductor stocks in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the top semiconductor stocks in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate a semiconductor share list.
- Place a ‘Buy’ Order on the top semiconductor stocks that align with your investment thesis.
Future Outlook for the Semiconductor Industry in India
- Policy Support and Incentives: The Production Linked Incentive (PLI) scheme, along with other government programs, is in place, providing policy visibility and a structured framework for the semiconductor sector.
- Infrastructure and Clusters: Semiconductor clusters with shared facilities and infrastructure are being planned to support domestic capacity creation.
- Sectoral Demand Drivers: Electric vehicles, telecom, consumer electronics and emerging technologies are driving overall demand.
- Skilling and Talent Pipeline: Reports indicate a shortage of skilled professionals in chip design, testing, and fabrication, which is why workforce development is a key focus.
- Execution and Global Partnerships: Progress will depend on project timelines, policy follow-through through and global technology partners.
- Long Term Ecosystem: The semiconductor ecosystem is in its infancy; the industry is closely monitoring supply chain robustness and infrastructure growth over the next few years.
Advantages of Investing in Semiconductor Stocks in India
- High Growth Potential: Indian semiconductor companies benefit from the rising demand for electronics, which creates growth opportunities as new applications and markets emerge.
- Diversification: Investing in the top semiconductor companies listed on the Indian stock exchange can help diversify your portfolio. Various industries, including healthcare, automotive, and consumer electronics, use semiconductors. This diversification can mitigate risks associated with investing in a single industry.
- Technological Innovation: Continuous R&D and innovation can help companies advance technologies and maintain relevance in a rapidly evolving global industry.
- Government Support: Incentives, subsidies, and partnerships with global technology companies may support industry development and long-term ecosystem building.
- Domestic Demand: Digitalisation, electric mobility, renewable energy, and the expansion of consumer electronics may continue to drive local semiconductor demand.
Risks Associated with Investing in Indian Semiconductor Stocks
- Volatility: The top semiconductor stocks in India may experience significant price fluctuations. Changes in demand, technological shifts, or broader market trends introduce uncertainty into the future performance of Indian semiconductor companies.
- Cyclical Nature: The semiconductor industry in India exhibits a cyclical nature. It also goes through periods of expansion, often followed by phases of slower growth or corrections among semiconductor companies.
- Execution Delays: Building fabs or packaging units is a complex process. Delays in approvals, technology transfer, or workforce readiness may affect project timelines.
- Global Supply Chain Exposure: Dependence on imported materials and equipment may expose companies to geopolitical risks, trade restrictions, or currency fluctuations.
- Technology Obsolescence: Rapid technological advancements necessitate ongoing investments in research and development (R&D). Falling behind peers may affect the competitiveness and the market share of Indian semiconductor companies.
Factors to Consider Before Investing in Semiconductor Stocks
- Order Book and Execution Record: For semiconductor industry stocks, investors assess whether project milestones are being met to gauge their execution capabilities.
- Capital Structure: High-capex companies require regular reviews of their debt, funding sources, and working capital to maintain liquidity and support growth efficiently.
- Profitability Trends: Margins vary across semiconductor industry stocks based on their position in the value chain, design, packaging or full-scale fabrication.
- Technology Partnerships: Access to advanced processes through global partnerships can significantly impact a company’s competitiveness, production efficiency, and potential for higher returns, making it a key consideration for investors.
- Policy Developments: Many investors track changes in schemes, import duties or export guidelines as these can impact cost structures and profitability of the semiconductor shares.
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To Wrap It Up…
India’s semiconductor industry shows steady momentum, supported by policy incentives, expanding global partnerships, and rising demand from electronics, automotive, telecom, and data centres. Execution quality now plays a critical role, with timelines, capital intensity, and supply-chain resilience shaping outcomes. Market participants typically track indicators such as order visibility, technology capabilities, and balance-sheet strength to assess companies in this segment. As domestic capacity develops, semiconductor industry stocks continue to remain closely watched within India’s broader manufacturing ecosystem.
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Frequently Asked Questions on Semiconductor Stocks
1. How do government policies and schemes affect semiconductor industry stocks?
Government incentives and regulations influence sector growth, cost structure, demand visibility, revenues, and valuations of Indian semiconductor firms.
2. How does global supply chain disruption affect semiconductor companies?
Supply chain issues affect raw materials, production schedules, and costs, ultimately influencing the revenue and market movements of semiconductor companies, which in turn impacts their semiconductor share price.
3. What is the future of semiconductor stocks in India?
India’s semiconductor sector is in early stages with government incentives driving chip manufacturing initiatives. Growth depends on policy execution, global supply chain shifts, and technology partnerships. The sector faces competition from established Asian manufacturers while building domestic capabilities through PLI schemes and infrastructure investments.
4. How do semiconductor stocks perform in volatile markets?
Semiconductor stocks typically show high volatility due to cyclical demand, global supply chain sensitivity, and tech sector correlation. During market turbulence, they often experience amplified price swings compared to broader indices. Performance varies based on company positioning, order books, and end-market exposure across automotive, consumer electronics, and industrial applications.
5. What are the best semiconductor stocks in India?
Here is a list of the top semiconductor stocks in India based on market capitalisatiopn:
- HCL Technologies Ltd
- Bharat Electronics Ltd
- Vedanta Ltd
- Polycab India Ltd
- ABB India Ltd
Note: The above semiconductor industry stocks are listed for educational purposes only and are not meant to be recommendatory. The data on the list of semiconductor shares was taken on 26th December 2025, from the tickertape Stock Screener.
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