Moschip Technologies

₹140.1 2.8 | 2%

WEBSITE BSE:532407 NSE : MOSCHIP 10 May, 16:01

Market Cap ₹2642 Cr.

Stock P/E 257.2

P/B 9.8

Current Price ₹140.1

Book Value ₹ 14.3

Face Value 2

52W High ₹176.5

Dividend Yield 0%

52W Low ₹ 58.5

Edit Ratio

Moschip Technologies Research see more...

Overview Inc. Year: 1999Industry: IT - Software

Moschip Technologies Ltd, previously Moschip Semiconductor Technology Ltd, is a fabless semiconductor agency. The Company's foremost activity includes software program development and designing. The Company is engaged in the business of improvement and manufacturing of System on Chip (SOC) technologies. The Company focuses on imparting value added offerings in very-large-scale integration (VLSI) layout, applications specific incorporated circuits (ASICs), software program improvement and development system on a chip (SOC) for aerospace and defense, purchaser and commercial applications and Internet of Things/Everything (IOT/E) products and services across numerous industries. The Company offers merchandise, which include I/O Connectivity and SoCs. The Company also gives a number of offerings, which include Spec to Silicon, ASIC/SoC Design, ASIC/SoC Verification, field-programmable gate array (FPGA) improvement, embedded software program, product and structures engineering, testing offerings and foundry relations.

Moschip Technologies Share Price

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Peer Comparison

Moschip Technologies Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	38	37	42	49	54	54	57	72	90	75
Other Income	1	1	1	3	1	0	2	1	0	1
Total Income	39	38	43	52	54	54	59	73	90	76
Total Expenditure	32	32	36	44	46	46	49	62	81	68
Operating Profit	7	6	7	8	8	8	9	11	9	8
Interest	2	2	2	2	2	2	2	2	1	1
Depreciation	3	3	3	5	5	5	5	6	5	5
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	1	2	1	2	2	3	4	2	2
Provision for Tax	0	0	0	0	0	0	0	0	0	1
Profit After Tax	2	1	2	1	2	2	3	4	2	1
Adjustments	0	0	-0	0	0	0	0	0	-0	0
Profit After Adjustments	2	1	2	1	2	2	3	4	2	1
Adjusted Earnings Per Share	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.1	0

Moschip Technologies Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	10	8	6	5	38	60	75	99	105	148	198	294
Other Income	0	1	0	0	3	0	2	2	2	5	5	4
Total Income	10	8	6	6	41	61	76	101	107	153	203	298
Total Expenditure	17	15	8	14	37	66	89	114	98	125	172	260
Operating Profit	-7	-7	-2	-9	3	-5	-13	-13	9	28	31	37
Interest	1	2	2	3	2	5	5	6	9	9	8	6
Depreciation	1	0	0	0	0	2	9	9	9	13	17	21
Exceptional Income / Expenses	-6	-1	0	0	0	0	-2	-17	0	0	0	0
Profit Before Tax	-14	-10	-5	-12	1	-13	-28	-46	-9	6	6	11
Provision for Tax	0	0	0	0	0	0	1	-0	0	0	0	1
Profit After Tax	-14	-10	-5	-12	1	-13	-29	-46	-9	6	6	10
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-14	-10	-5	-12	1	-13	-29	-46	-9	6	6	10
Adjusted Earnings Per Share	-3.1	-2.1	-1	-2.6	0.1	-1	-1.9	-2.9	-0.6	0.4	0.4	0.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	34%	26%	27%	35%
Operating Profit CAGR	11%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	120%	64%	51%	53%
ROE Average	8%	1%	-22%	-33%
ROCE Average	10%	7%	-5%	-54%

Moschip Technologies Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2	-6	-12	-24	44	42	103	62	53	65	113
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	2	1	14
Other Non-Current Liabilities	1	1	1	1	1	1	8	7	8	16	32
Total Current Liabilities	12	20	25	35	42	83	74	92	90	79	56
Total Liabilities	15	15	13	11	87	126	184	161	154	162	215
Fixed Assets	3	2	0	0	32	48	105	96	91	94	110
Other Non-Current Assets	1	1	1	1	15	15	8	7	3	4	4
Total Current Assets	12	12	12	11	40	62	72	58	60	64	101
Total Assets	15	15	13	11	87	126	184	161	154	162	215

Moschip Technologies Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	0	0	0	0	2	1	3	3	6	6
Cash Flow from Operating Activities	-1	-0	-0	-0	-39	-20	-19	-11	11	16	14
Cash Flow from Investing Activities	0	0	0	0	-15	-14	-8	-1	-1	-6	-18
Cash Flow from Financing Activities	-0	0	0	0	56	34	27	13	-8	-10	-0
Net Cash Inflow / Outflow	-1	-0	-0	-0	1	-0	1	0	3	1	-5
Closing Cash & Cash Equivalent	0	0	0	0	2	1	3	3	6	6	2

Moschip Technologies Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-3.12	-2.13	-1.01	-2.59	0.09	-0.96	-1.88	-2.92	-0.58	0.4	0.37
CEPS(Rs)	-3	-2.05	-0.92	-2.55	0.11	-0.8	-1.31	-2.32	0	1.19	1.41
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0.51	-1.36	-2.68	-5.29	2.95	2.91	5.2	3.78	3.16	3.74	5.94
Core EBITDA Margin(%)	-72.91	-94.84	-39.39	-168.64	0.39	-9.12	-19.46	-15.21	6.59	15.29	13.27
EBIT Margin(%)	-139.51	-107.32	-40.09	-165.46	8.59	-12.08	-30.94	-40.34	-0.49	10.2	7.04
Pre Tax Margin(%)	-146.9	-128.63	-77.4	-222.59	3.45	-20.94	-37.34	-46.76	-8.64	4.37	3.15
PAT Margin (%)	-146.9	-128.63	-77.4	-222.59	3.13	-21	-38.63	-46.33	-8.7	4.37	3.11
Cash Profit Margin (%)	-141.09	-123.84	-70.7	-219.27	3.8	-17.35	-26.99	-36.89	0.03	12.93	11.85
ROA(%)	-98.33	-66.29	-32.99	-96.64	2.4	-11.89	-18.63	-26.66	-5.82	4.09	3.28
ROE(%)	-233.05	0	0	0	18.86	-33.68	-48.85	-65.89	-16.71	11.77	7.79
ROCE(%)	-111.46	-88.71	-44.51	-320.86	8.39	-8.42	-18.74	-29.2	-0.43	12.54	10.1
Receivable days	166.73	190.48	123.92	72.25	81.43	148.13	166.59	115.74	109.38	94.29	105.08
Inventory Days	145	213.96	366.79	418.88	51.81	34.29	26.34	14.32	8.56	5.02	2.73
Payable days	0	1875.67	9592.92	0	254.55	256.74	814.92	633.29	2078.14	2908.93	3394.37
PER(x)	0	0	0	0	489.02	0	0	0	0	150.61	169.05
Price/Book(x)	4.88	-1.23	0	-1.69	15.62	10.75	3.66	1.85	7.23	16.26	10.57
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.99	2.53	4.04	12.42	16.02	7.68	4.49	1.71	3.97	6.93	5.4
EV/Core EBITDA(x)	-2.91	-2.9	-12.09	-7.66	172.88	-91.11	-26.09	-12.71	48.22	36.96	34.21
Net Sales Growth(%)	-36.39	-22.21	-21.32	-10.52	601.27	59.98	24.24	32.86	5.91	40.35	34.35
EBIT Growth(%)	56.46	40.16	70.61	-269.31	136.41	-324.9	-218.21	-73.25	98.71	3009.27	-7.31
PAT Growth(%)	56.57	31.88	52.65	-157.33	109.85	-1174.54	-128.54	-59.35	80.11	170.52	-4.27
EPS Growth(%)	56.57	31.88	52.65	-157.32	103.63	-1121.9	-94.97	-55.43	80.11	169.62	-8.03
Debt/Equity(x)	4.03	-2.06	-1.34	-1.06	0.86	1.44	0.59	1.04	1.27	0.98	0.4
Current Ratio(x)	0.99	0.6	0.5	0.3	0.96	0.75	0.98	0.63	0.66	0.82	1.81
Quick Ratio(x)	0.64	0.36	0.21	0.16	0.83	0.68	0.91	0.6	0.64	0.79	1.79
Interest Cover(x)	-18.86	-5.04	-1.07	-2.9	1.67	-1.36	-4.83	-6.28	-0.06	1.75	1.81
Total Debt/Mcap(x)	0.83	1.67	0	0.62	0.06	0.13	0.17	0.56	0.17	0.06	0.04

Moschip Technologies Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.57	55.3	55.28	55.03	55.15	55.01	51.22	50.32	47.63	47.32
FII	0	0	0	0	0	0	0	0.2	2.84	2.8
DII	0	0	0	0	0	0	0	0	0	0
Public	44.43	44.7	44.72	44.97	44.85	44.99	48.78	49.48	49.52	49.87
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	8.85	8.85	8.85	8.85	9.16	9.16	9.13	9.05	8.94	8.9
FII	0	0	0	0	0	0	0	0.04	0.53	0.53
DII	0	0	0	0	0	0	0	0	0	0
Public	7.08	7.15	7.16	7.23	7.45	7.49	8.69	8.9	9.3	9.38
Others	0	0	0	0	0	0	0	0	0	0
Total	15.93	16	16.01	16.08	16.61	16.66	17.82	17.98	18.78	18.81

Pros

Company is almost debt free.

Cons

Promoter holding is low: 47.32%.
Company has a low return on equity of 1% over the last 3 years.
Debtor days have increased from 2908.93 to 3394.37days.
Stock is trading at 9.8 times its book value.

* 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.