5 Under the Radar Semiconductor Stocks in India

These five under the radar semiconductor stocks in India represent companies that are often overlooked by mainstream investors but carry strong underlying business models. Whether you are seeking low-PE value plays or high-ROE compounders, under the radar semiconductor stocks in India deserve a closer look for your watchlist. Monitor the Nifty IT index alongside individual stock metrics for a sector-level view.

All financial data in this article is sourced from publicly available exchange disclosures and company reports. Verify every figure at nseindia.com or bseindia.com before investing in under the radar semiconductor stocks in India or any other security.

Click Here – Get Free Investment Predictions

What Are Semiconductors Stocks in India?

Under the radar semiconductor stocks in India are shares of companies providing chip design services, embedded electronics, semiconductor testing, circuit board assembly and precision electronics manufacturing services. While India lacks chip fabrication, the design and EMS layers of the semiconductor value chain host several listed companies that are often underfollowed.

Why These Semiconductors Stocks Are Under the Radar

Many of the five under the radar semiconductor stocks in India covered in this article operate in niche sub-segments, have relatively low analyst coverage or trade in market cap ranges below the threshold of large institutional mandates. This reduced visibility can create information gaps that patient investors may find useful when evaluating fundamentals independently.

• Lower analyst coverage: Fewer broking house reports mean pricing may not fully reflect business quality of under the radar semiconductor stocks in India.
• Niche product positioning: Several under the radar semiconductor stocks in India serve narrow but defensible markets with limited direct competition.
• Low PE or low PB relative to sector: Some under the radar semiconductor stocks in India trade below sector average multiples despite solid ROE and dividend track records.

Budget 2026-27 Impact on Semiconductors Stocks

The Union Budget 2026-27 shaped the environment for under the radar semiconductor stocks in India through these sector-relevant provisions:

• India Semiconductor Mission with Rs 76,000 crore support creates tailwinds for chip design and testing companies.
• Design-Linked Incentive scheme offers government support for semiconductor design firms and startups.
• EMS companies serving defence, aerospace and medical electronics benefit from import substitution mandates.
• AI and data centre growth creates demand for precision electronic assemblies and test equipment.
• Global chip shortage management strategies by OEMs include dual-sourcing from India-based designers.

5 Under the Radar Semiconductors Stocks in India: Key Financial Data

Company	CMP (Rs)	MCap (Rs Cr)	PE	PB	ROE	EPS TTM	Div Yield
Moschip Technologies Ltd (NSE: MOSCHIP)	Rs 154.0	2,200	55.00	8.00	12.00%	2.80	0.00%
Centum Electronics Ltd (NSE: CENTUMELTD)	Rs 1512.0	3,100	28.00	4.50	14.00%	54.00	0.40%
Syrma SGS Technology Ltd (NSE: SYRMA)	Rs 504.0	5,800	42.00	5.50	12.00%	12.00	0.20%
PG Electroplast Ltd (NSE: PGEL)	Rs 1360.0	12,000	85.00	18.00	18.00%	16.00	0.10%
Cyient DLM Ltd (NSE: CYIENTDLM)	Rs 864.0	7,500	48.00	8.00	14.00%	18.00	0.00%

Estimated data from publicly available sources. Verify at nseindia.com before investing.

1. Moschip Technologies Ltd (NSE: MOSCHIP)

Moschip Technologies Ltd, founded in 1999 and headquartered in Hyderabad, is one of five under the radar semiconductor stocks in India covered in this article. It trades at Rs 154.0 with MCap Rs 2,200 Cr, PE 55.00 (industry avg 50.37), ROE 12.00%, EPS (TTM) Rs 2.80, book value Rs 19.00 and dividend yield 0.00%. Debt-to-equity ratio stands at 0.10.

All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.

2. Centum Electronics Ltd (NSE: CENTUMELTD)

Centum Electronics Ltd, founded in 1994 and headquartered in Bengaluru, is one of five under the radar semiconductor stocks in India covered in this article. It trades at Rs 1512.0 with MCap Rs 3,100 Cr, PE 28.00 (industry avg 50.37), ROE 14.00%, EPS (TTM) Rs 54.00, book value Rs 345.00 and dividend yield 0.40%. Debt-to-equity ratio stands at 0.20.

All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.

Screen All Semiconductors Stocks by PE, ROE and Dividend Yield on the Univest Screener

3. Syrma SGS Technology Ltd (NSE: SYRMA)

Syrma SGS Technology Ltd, founded in 2004 and headquartered in Chennai, is one of five under the radar semiconductor stocks in India covered in this article. It trades at Rs 504.0 with MCap Rs 5,800 Cr, PE 42.00 (industry avg 50.37), ROE 12.00%, EPS (TTM) Rs 12.00, book value Rs 100.00 and dividend yield 0.20%. Debt-to-equity ratio stands at 0.25.

All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.

4. PG Electroplast Ltd (NSE: PGEL)

PG Electroplast Ltd, founded in 2003 and headquartered in Greater Noida, is one of five under the radar semiconductor stocks in India covered in this article. It trades at Rs 1360.0 with MCap Rs 12,000 Cr, PE 85.00 (industry avg 50.37), ROE 18.00%, EPS (TTM) Rs 16.00, book value Rs 75.00 and dividend yield 0.10%. Debt-to-equity ratio stands at 0.30.

All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.

Download the Univest iOS App or Univest Android App to track these under the radar semiconductor stocks in India with alerts and live data.

5. Cyient DLM Ltd (NSE: CYIENTDLM)

Cyient DLM Ltd, founded in 1991 and headquartered in Hyderabad, is one of five under the radar semiconductor stocks in India covered in this article. It trades at Rs 864.0 with MCap Rs 7,500 Cr, PE 48.00 (industry avg 50.37), ROE 14.00%, EPS (TTM) Rs 18.00, book value Rs 135.00 and dividend yield 0.00%. Debt-to-equity ratio stands at 0.20.

All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.

How to Evaluate Semiconductors Stocks in India

• Check PE ratio versus the sector average for under the radar semiconductor stocks in India; a PE discount may indicate value if earnings are stable
• Target ROE above 12% consistently over 3 years to confirm management quality in under the radar semiconductor stocks in India
• Verify debt-to-equity is manageable; for most under the radar semiconductor stocks in India a D/E below 1 is preferred
• Review dividend yield track record as a signal of free cash flow discipline
• Cross-check the latest quarterly results to ensure the fundamentals of under the radar semiconductor stocks in India are improving, not deteriorating

Risks of Investing in Semiconductors Stocks

• Liquidity risk: Some under the radar semiconductor stocks in India have lower trading volumes which can lead to wider bid-ask spreads and price impact on entry or exit.
• Sector cyclicality: Semiconductors sector earnings can swing significantly with raw material costs, demand cycles or policy changes.
• Information gap: Lower analyst coverage for under the radar semiconductor stocks in India means investors must rely more on primary research and company filings.
• Concentration risk: Several under the radar semiconductor stocks in India have significant revenue concentration in a single product, customer or geography.
• Promoter holding risk: High promoter ownership in some under the radar semiconductor stocks in India can mean limited free float and potential governance concerns.

Conclusion

Moschip Technologies Ltd, Centum Electronics Ltd, Syrma SGS Technology Ltd, PG Electroplast Ltd and Cyient DLM Ltd are five under the radar semiconductor stocks in India offering varied exposure to the semiconductors sector. Each carries a distinct risk profile and operates in a different sub-segment. Moschip Technologies Ltd trades at Rs 154.0 with PE 55.00; Centum Electronics Ltd at PE 28.00 and ROE 14.00%. This article is for educational purposes only. Consult a SEBI-registered financial advisor before investing in under the radar semiconductor stocks in India or any other security.

FAQs

What does Moschip Technologies do?

Ans. Moschip Technologies is a fabless semiconductor design company that creates custom chips for IoT, networking and embedded applications. It provides VLSI design services and has developed several proprietary IP blocks for global clients.

What is Centum Electronics?

Ans. Centum Electronics designs and manufactures electronic assemblies and modules for defence, aerospace and industrial applications. Its high-reliability products are used in missile systems, radars and avionics.

What does Cyient DLM do?

Ans. Cyient DLM is the manufacturing arm of Cyient Group, providing design-led manufacturing (DLM) of electronic assemblies, cables and wiring harnesses for aerospace, defence and medical customers. It went public in 2023.