Top Semiconductor Stocks in India Listed on NSE
India’s semiconductor sector continues to expand in 2026, supported by the ₹76,000 cr India Semiconductor Mission. The market was estimated at USD 45-50 bn in 2024-25 and is projected to reach USD 100-110 bn by 2030, with an increasing focus on semiconductor stocks in India.
Best Semiconductor Stocks for 2026
Sunday, 27 September, 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 | 7,052.50 | 7,924.50 | 4,637.50 | 151,069.48 | 90.56 | 44.44 | 19.28 | 0.55 | 22.38 | 35.61 | 68.85 | 280.19 | Largecap | Capital Goods | Electrical Equipment | Heavy Electrical Equipment | -1.07 |
| ABBW | Hitachi Energy India Ltd | POWERINDIA | /stocks/abb-power-products-and-systems-india-ABBW | Heavy Electrical Equipments | 31,035.00 | 38,785.00 | 16,111.00 | 136,904.01 | 138.59 | 44.44 | 26.45 | 0.03 | 21.04 | 61.62 | 641.83 | 1,249.11 | Largecap | Capital Goods | Electrical Equipment | Heavy Electrical Equipment | 1.04 |
| BAJE | Bharat Electronics Ltd | BEL | /stocks/bharat-electronics-BAJE | Electronic Equipments | 393.55 | 473.45 | 380.45 | 286,543.33 | 47.27 | 21.13 | 11.94 | 0.64 | 27.55 | -2.38 | 188.10 | 478.75 | Largecap | Capital Goods | Electronic Equipment, Instruments & Components | Aerospace & Defense | 0.40 |
| CGPO | CG Power and Industrial Solutions Limited | CGPOWER | /stocks/cg-power-and-industrial-solutions-CGPO | Heavy Electrical Equipments | 886.00 | 980.90 | 525.50 | 139,696.77 | 115.81 | 44.44 | 17.04 | 0.15 | 19.72 | 16.72 | 103.94 | 721.89 | Largecap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -0.08 |
| DIXO | Dixon Technologies (India) Ltd | DIXON | /stocks/dixon-technologies-india-DIXO | Home Electronics & Appliances | 13,390.00 | 18,471.00 | 9,600.00 | 81,350.76 | 56.55 | 25.89 | 15.10 | 0.07 | 32.46 | -26.44 | 173.85 | 198.09 | Midcap | Consumer Durables & Apparel | Household Durables | Consumer Electronics | 0.68 |
| HCLT | HCL Technologies Ltd | HCLTECH | /stocks/hcl-technologies-HCLT | IT Services & Consulting | 1,258.00 | 1,780.10 | 1,030.00 | 336,489.15 | 20.22 | 21.13 | 4.47 | 4.35 | 22.98 | -11.64 | -0.43 | -2.87 | Largecap | Software & Services | Software | IT Consulting & Other Services | 1.16 |
| HVEL | Havells India Ltd | HAVELLS | /stocks/havells-india-HVEL | Electrical Components & Equipments | 1,096.50 | 1,558.80 | 1,081.10 | 68,404.22 | 40.46 | 44.44 | 7.22 | 0.92 | 18.98 | -28.78 | -21.50 | -21.03 | Midcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.60 |
| MELC | MIC Electronics Ltd | MICEL | /stocks/mic-electronics-MELC | Electrical Components & Equipments | 36.10 | 61.70 | 29.97 | 1,054.51 | -83.43 | 44.44 | 4.86 | 0.00 | -5.75 | -39.90 | 44.98 | 143.10 | Smallcap | Semiconductors & Semiconductor Equipment | Electrical Equipment | Semiconductors | 1.98 |
| MOS | Moschip Technologies Ltd | MOSCHIP | /stocks/moschip-technologies-MOS | Software Services | 204.07 | 288.45 | 146.80 | 3,880.64 | 110.21 | 21.13 | 11.83 | 0.00 | 11.20 | -18.57 | 2.68 | 2.68 | Smallcap | Software & Services | Software | Systems Software | 0.41 |
| POLC | Polycab India Limited | POLYCAB | /stocks/polycab-india-POLC | Electrical Components & Equipments | 8,408.50 | 10,126.00 | 6,663.00 | 126,080.20 | 47.19 | 44.44 | 10.40 | 0.56 | 24.25 | 13.51 | 61.50 | 253.90 | Largecap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.50 |
| SOEX | Solex Energy Ltd | SOLEX | /stocks/solex-energy-SOEX | Industrial Machinery | 705.20 | 1,985.00 | 651.20 | 790.20 | 8.23 | 44.44 | 4.89 | 0.00 | 40.46 | -55.79 | 59.24 | 1,833.11 | Smallcap | Semiconductors & Semiconductor Equipment | Machinery | Semiconductors | -3.60 |
| SPICL | SPEL Semiconductor Ltd | SPELS | /stocks/spel-semiconductor-SPICL | Electronic Equipments | 145.65 | 237.20 | 122.90 | 679.31 | -28.51 | 22.50 | 222.72 | 0.00 | -298.43 | -38.75 | 174.71 | 772.16 | Smallcap | Semiconductors & Semiconductor Equipment | Electronic Equipment, Instruments & Components | Semiconductors | -0.24 |
| SURT | Surana Telecom and Power Ltd | SURANAT&P | /stocks/surana-telecom-and-power-SURT | Cables | 15.92 | 24.12 | 15.50 | 215.72 | 8.70 | 44.44 | 1.26 | 0.00 | 14.67 | -26.53 | 46.73 | 89.52 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.19 |
| TTEX | Tata Elxsi Ltd | TATAELXSI | /stocks/tata-elxsi-TTEX | Software Services | 3,186.90 | 5,950.00 | 3,144.00 | 19,836.90 | 31.57 | 21.13 | 6.52 | 2.36 | 21.30 | -41.65 | -56.15 | -44.29 | Smallcap | Software & Services | Software | Systems Software | 0.10 |
| VDAN | Vedanta Ltd | VEDL | /stocks/vedanta-VDAN | Metals - Diversified | 266.35 | 360.00 | 166.57 | 104,436.17 | 6.01 | 24.27 | 1.52 | 12.73 | 28.43 | 54.17 | 216.96 | 147.48 | Midcap | Materials | Metals & Mining | Diversified Metals & Mining | -0.43 |
| VGUA | V Guard Industries Ltd | VGUARD | /stocks/v-guard-industries-VGUA | Electrical Components & Equipments | 304.35 | 392.20 | 288.80 | 13,482.46 | 43.73 | 44.44 | 5.68 | 0.49 | 13.79 | -17.70 | -0.39 | 18.45 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -1.38 |
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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Explore screensWhat are Semiconductor Stocks?
Semiconductor stocks in India are shares of companies engaged in chip design and manufacturing. These chips power devices such as smartphones, computers, and other electronic products. The same companies also supply chips to electronics, telecommunications, automotive, AI, IoT, and renewable energy industries. Their role cuts across multiple technology-driven sectors.
Overview of the Top 5 Semiconductor Stocks in India
- Bharat Electronics Ltd: Founded in 1954 under the Ministry of Defence, Bharat Electronics manufactures defence electronics, including radars, communication systems, and electronic warfare products. It also serves the civilian and technology segments.
- HCL Technologies Ltd: HCL Technologies provides IT services, consulting, engineering, cloud, and software solutions to global enterprises across sectors.
- Vedanta Ltd: Vedanta is a diversified natural resources company with operations in zinc, aluminium, iron ore, oil, gas, and power.
- CG Power and Industrial Solutions Ltd: CG Power manufactures transformers, switchgear, and electrical equipment for power transmission, distribution, utilities, and industrial customers.
- Polycab India Ltd: Polycab India is a leading manufacturer of wires and cables, offering products across cables, fans, LED lighting, switches, and solar solutions.
Union Budget 2026-27: Focus on the Semiconductor Industry in India
- Launch of India Semiconductor Mission 2.0: The Budget proposes an upgraded mission focused on equipment, materials, design, and full-stack semiconductor IP development to reduce dependence on imports.
- Outlay increase for electronics manufacturing: The Electronics Components Manufacturing Scheme outlay was raised to ₹40,000 cr to fortify domestic electronics supply chains.
- Promotion of high-skill research and training centres: The budget encourages industry-led research facilities and workforce training to support the growth of the semiconductor ecosystem.
- Tax and investment incentives for global players: Tax holidays, easier contract manufacturing rules, and supportive TDS policies to attract semiconductor and electronics investors.
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: India’s semiconductor industry is moving from chip design towards manufacturing, packaging, testing, and materials. The ₹76,000 cr India Semiconductor Mission supports fabs, display units, compound semiconductors, packaging, and design, while the Union Budget 2026-27 allocated ₹1,000 cr for ISM 2.0.
- Market growth: India’s semiconductor market was estimated at USD 45-50 bn in 2024-25 and is projected to reach USD 100-110 bn by 2030, driven by electronics, automobiles, telecom, AI, data centres, defence, and consumer devices.
- Manufacturing capacity: As of 2026, India had approved 10 semiconductor projects worth around ₹1.60 lakh cr across six states, including Tata Electronics’ ₹91,526 cr Gujarat fab with a capacity of around 50,000 wafer starts per month.
Advantages of Investing in Semiconductor Stocks in India
- Market Expansion: India’s semiconductor market is projected to reach US$103.4 bn by 2030 from US$52 bn in 2024, expanding the addressable market for semiconductor-linked companies.
- Policy Support: Semicon 2.0 received a ₹1.27 lakh cr outlay in July 2026, extending support across chip design, fabrication, packaging, equipment, materials and talent development.
- Manufacturing Buildout: By July 2026, India had approved 12 semiconductor projects worth over ₹1.64 lakh cr, with three facilities already entering commercial production.
- End-Market Demand: Mobile handsets, IT, and industrial applications account for nearly 70% of semiconductor revenue, linking chip demand to growth in electronics, telecom, automotive, aerospace, and defence.
- Wider Value Chain: India’s semiconductor ecosystem now spans design, fabs, packaging, materials and equipment, creating business exposure across multiple segments rather than only chip manufacturing.
Risks Associated with Investing in Indian Semiconductor Stocks
- Capital Intensity: Semiconductor fabs and packaging plants require large upfront investment. India’s approved projects exceed ₹1.64 lakh cr, making financing, execution timelines and utilisation important company-level risks.
- Technology Obsolescence: Chip technology evolves rapidly, so facilities built around older processes can lose competitiveness as customers shift towards more advanced, efficient, or specialised semiconductor technologies.
- Execution Risk: Large projects depend on imported equipment, clean-room construction, utilities and technical partnerships. Delays can postpone production, increase costs and weaken expected returns on invested capital.
- Global Competition: India competes with established semiconductor hubs that offer strong incentives and deeper supplier networks, which can put pressure on domestic companies regarding costs, access to technology, and customer acquisition.
- Demand Cyclicality: Semiconductor demand moves in cycles across smartphones, automobiles, PCs and industrial electronics, so inventory corrections or weaker end-market demand can reduce orders and capacity utilisation.
Factors to Consider Before Investing in Semiconductor Stocks
- Business Segment: A company’s exposure to design, fabrication, packaging, electronics manufacturing or equipment affects margins, capital needs and sensitivity to semiconductor cycles, making segment mix important.
- Project Progress: Commercial production, commissioning timelines and capacity ramp-up provide execution context. Three of India’s 12 approved semiconductor projects had begun commercial production by July 2026.
- Customer Exposure: End-market concentration matters because mobile handsets, IT, and industrial applications account for nearly 70% of semiconductor revenue, while automotive, telecom, and defence follow different demand cycles.
- Balance Sheet: Debt, capital expenditure and cash flows provide context on financial resilience, particularly because semiconductor projects can require years of investment before reaching stable utilisation.
- Policy Exposure: Semicon 2.0 supports design, fabs, packaging, equipment, and materials, so eligibility for incentives and dependence on government support can materially affect project economics.
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To Wrap It Up…
India’s semiconductor industry continues to gain momentum in 2026. Policy incentives, global partnerships, and rising demand from the electronics, automotive, telecom, AI, and data centre sectors support sector growth.
However, execution remains important. Project timelines, capital intensity, access to technology, and supply chain readiness can influence company performance. Investors can track order visibility, technology depth, capacity plans, and balance sheet strength to understand how semiconductor companies are positioned within India’s manufacturing ecosystem.
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Frequently Asked Questions on Semiconductor Stocks
1. What are semiconductor stocks?
Semiconductor stocks in India are shares of companies linked to the chip ecosystem, including chip design, manufacturing, packaging, testing, electronics manufacturing, semiconductor materials, equipment and related services.
2. How do government policies and schemes affect semiconductor industry stocks?
Government incentives and regulations influence growth, costs, demand visibility, revenues and valuations across semiconductor companies in India. Policy support can also shape investment decisions and project economics across the sector.
3. How does global supply chain disruption affect semiconductor companies?
Global supply chain disruptions can delay deliveries of semiconductor equipment and raw materials, increase production costs, and affect manufacturing schedules and semiconductor stocks. Companies dependent on imported machinery, components or materials may face greater execution and margin pressure.
4. What is the future of semiconductor stocks in India?
The outlook for semiconductor manufacturing companies in India depends on policy execution, global partnerships, access to technology, infrastructure readiness, and demand from the electronics, EV, telecom, and data centre sectors.
5. How do semiconductor stocks perform in volatile markets?
Performance across a semiconductor stock list can vary widely because chip-related companies differ in business models, end-market exposure, order books, global supply chain dependence, and valuation sensitivity.
6. What are the top semiconductor companies in India?
Here are the top 5 semiconductor stocks in India based on 1-year returns:
- Vedanta Ltd
- Hitachi Energy India Ltd
- Polycab India Ltd
- CG Power and Industrial Solutions Ltd
- ASM Technologies Ltd
Disclaimer: This list of semiconductor stocks is for educational purposes only and not recommendatory. Data is as of 2nd June 2026, sourced from the Tickertape Stock Screener.
7. Is it good to invest in semiconductor stocks?
The future of companies on a semiconductor stocks list depends on policy support, manufacturing execution, global partnerships, and demand from the electronics, EV, telecom, AI, and data-centre sectors.
Disclaimer: This information is educational and does not recommend any stock or sector. Investors should consult a financial advisor before making investment decisions.
8. How risky are semiconductor stocks?
Investing in semiconductor stocks can provide exposure to India’s growing chip, electronics and manufacturing ecosystem. However, these stocks can also face high capital requirements, technology risks, long project timelines and cyclical demand. Suitability depends on individual risk tolerance, investment horizon and portfolio objectives.
Disclaimer: Stock market investments carry market risks. Semiconductor stocks may not suit every investor. Investors should do their own research or consult a financial advisor before investing.
9. What is the future of semiconductor stocks in India?
Semiconductor stocks can carry high risk because the sector is capital-intensive, cyclical and technology-driven. Performance can depend on project execution, demand cycles, global supply chains and government incentives.
Disclaimer: This is for educational purposes only and is not investment advice. Investors should assess company fundamentals, valuations, risks, and their own financial goals before investing.
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