Best Semiconductor Stocks in November 2024 Based on 5Y CAGR

India already contributes 20% to global semiconductor design and plans to increase this share while building a skilled semiconductor workforce of 85,000 people. The Prime Minister emphasised India’s “3D power” in the semiconductor industry, referring to the country’s supportive government policies, its growing manufacturing capacity, and its vast market demand. To support this vision, India has introduced a research and development fund of US$ 11.91 billion (around ₹1 trillion) and is taking a “360-degree approach” to attract investment and strengthen the supply chain. The central government is covering 50% of project costs, with additional support from state governments. In this article, explore the best semiconductor stocks in India in November 2024 based on the 5-year CAGR.

Best Semiconductor Stocks In India In November 2024 – 5-Yr CAGR Basis

Note: The top 10 semiconductor stocks list in India in November here are selected from the Nifty 500 universe and sorted as per the 5-yr CAGR as of November 05, 2024. 

Overview of Top 5 Semiconductor Stocks in India in November 2024

• Dixon Technologies (India) Limited

Dixon Technologies (India) Limited, established in 1993, is a company that provides Electronic Manufacturing Services (EMS). It works in various areas, including consumer electronics, lighting, home appliances, closed-circuit television cameras (CCTVs), and mobile phones. The company also handles reverse logistics and produces security surveillance equipment, wearable devices, and AC-PCBs. Recently, Dixon Technologies formed a joint venture with Imagine Marketing Private Limited to design and manufacture wireless audio solutions in India.  On November 05, 2024, Dixon Technologies (India) share price opened at  ₹14,364.00 and reached a high of ₹14,590.50  on NSE.

In the quarter ending September 2024, the company’s revenue increased to ₹1,986.16 crore from ₹1,298.61 crore in the previous quarter. 

Key metrics: 

• Return on equity (ROE): 21.65%
• Earning per Share (EPS): ₹61.05
• Apar Industries

Apar was established by Mr. Dharmsinh D. Desai in 1958 and is a leading company in India with a global reach. It has played a significant role in India’s electrification process, starting with the production of power transmission cables. Today, Apar operates in three main areas: Conductors, Transformer and Specialty Oils (TSO), and Power/Telecom Cables. Apar Industries’ share price has shown strong growth, with a CAGR of 79.28% over the last 5 years.

For the quarter ended September 2024, the company’s revenue increased to ₹4,315.58 crore from ₹3,746.54 crore in the preceding quarter. 

Key metrics: 

• EPS: ₹203.54
• ROE: 20.95%
• Persistent Systems

Persistent Systems offers software engineering and strategic services to help companies upgrade and transform their operations. The company has developed its own software and frameworks designed to speed up integration and implementation. It also partners with major providers like Salesforce and AWS. Persistent Systems’ share price has shown strong growth, with a CAGR of 78.1% over the last 5 years.

For the quarter ended September 2024, the company’s revenue increased to ₹2,847.41 crore from ₹2,691.40 crore in the preceding quarter. 

Key metrics: 

• EPS: ₹62.73
• ROE: 17.85%
• Tanla Platforms Ltd

Tanla Platforms Ltd, previously known as Tanla Solutions Ltd, is a cloud communications company that helps businesses connect with their customers and target audiences. Based in Hyderabad, India, Tanla is a global provider of A2P (application-to-person) messaging platforms. Tanla Platforms share price has shown strong growth, with a CAGR of 74.97% over the last 5 years.

For the quarter ended September 2024, the company’s revenue decreased to ₹ 222.98 crore from ₹239.93 crore in the preceding quarter. 

Key metrics: 

• EPS: ₹14.54
• ROE: 32.66%
• KPIT Technologies 

KPIT is an international technology company focused on advancing mobility with software solutions for a cleaner, smarter, autonomous, and connected future. With a team of over 13,000 experts worldwide, KPIT specialises in embedded software, AI, and digital solutions, helping clients speed up the adoption of next-generation mobility technologies. The company has development centres in Europe, the USA, Japan, China, Thailand, and India. KPIT Technologies 

 share price has shown strong growth, with a CAGR of 72.52% over the last 5 years.

For the quarter ended September 2024, the company’s revenue decreased to ₹ 222.98 crore from ₹239.93 crore in the preceding quarter. 

Key metrics: 

• EPS: ₹14.71
• ROE: 23.51%

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.