HCL Technologies and Tata Elxsi provide strong semiconductor exposure through software, design, and engineering services.
Bharat Electronics stands out for defence-led electronics growth with high returns and zero debt.
ABB India and related power equipment firms support semiconductor expansion through automation and energy infrastructure.
The semiconductor ecosystem in India is not limited to chip fabrication alone. It also includes IT services, electronics manufacturing, heavy electrical equipment, and design-led software companies that support global semiconductor supply chains.
Several listed Indian companies stood out because of their scale, profitability, and long-term role in electronics, power systems, and digital infrastructure. Let’s take a look at the top semiconductor stocks and what they have to offer.
HCL Technologies Ltd operates in IT Services & Consulting and has a market cap of 4,54,498.67 with a close price of 1,679.90. The PE ratio stands at 26.14, showing a reasonable valuation for a large technology firm. The stock delivered a one-day return of 0.57 and a one-month return of 4.06, while the six-month return is -1.37 and the one-year return is -11.72.
Despite recent pressure, strong fundamentals remain evident, with a PB ratio of 6.52, a return on equity of 25.21, and an ROCE of 31.27. A dividend yield of 3.58% and a low debt to equity ratio of 0.09 make it stable, though volatility relative to the Nifty is slightly high at 2.09%.
Bharat Electronics Ltd belongs to the Electronic Equipment sector and has a market cap of 2,91,952.57, with a close price of 399.40. The PE ratio is 54.86, indicating a premium valuation due to defence and strategic electronics exposure.
The stock showed a one-day return of 0.11, a one-month return of -3.53, a six-month return of -5.11, and a strong one-year return of 35.69. High PB ratio of 14.60, return on equity of 29.29, and ROCE of 33.75 highlight efficiency. The dividend yield is modest at 0.60, the debt to equity is 0.00, and volatility relative to the Nifty is 2.40.
Vedanta Ltd, classified under Metals – Diversified, has a market cap of 2,29,017.06 and trades at 586.40. The PE ratio of 15.28 is relatively low. Short-term returns include 0.13 for one day and 17.50 for one month. The six-month return is 30.35, and the one-year return is 23.92.
With a PB ratio of 4.26, return on equity of 31.28, and ROCE of 29.11, profitability is strong. The dividend yield stands out at 7.43, though the debt to equity ratio is higher at 1.70. Volatility versus Nifty is 2.50.
Also Read: ASML vs AMAT: Which Semiconductor Stock to Buy Now?
Polycab India Ltd operates in the Electrical Components & Equipment sector, with a market cap of 1,15,086.66 and a close price of 7,645.00. The P/E ratio is 56.97. Performance includes a one-day return of 0.55, a one-month return of 1.31, a six-month return of 21.55, and a one-year return of 7.40. The PB ratio is 11.62, return on equity is 22.26, and ROCE is 28.03. The dividend yield is 0.46, equity-to-debt is very low at 0.02, and volatility relative to the Nifty is 2.84.
ABB India Ltd is part of the Heavy Electrical Equipment sector and has a market cap of 1,10,277.12, with a close price of 5,204.00. The P/E ratio stands at 58.92. The stock delivered a one-day return of 0.44 and a one-month return of 2.20, but the six-month return is -12.15, and the one-year return is -25.22.
Despite price weakness, fundamentals remain solid, with a PB ratio of 15.59, a return on equity of 28.75, and an ROCE of 35.50. Dividend yield is 0.85, debt to equity is 0.01, and volatility versus Nifty is 2.23.
CG Power and Industrial Solutions Ltd has a market cap of 1,04,932.76 and a close price of 666.30. The P/E ratio is high at 107.67. Returns include -0.71 for 1 day, -5.11 for 1 month, -2.49 for 6 months, and -8.42 for 1 year.
Even with weaker returns, the PB ratio of 25.99, return on equity of 27.62, and an ROCE of 31.93 show operational strength. Dividend yield is 0.19, debt to equity is 0.01, and volatility versus Nifty is 2.76.
Havells India Ltd operates in the Electrical Components & Equipment sector, with a market cap of 89,497.01 and a close price of 1,426.80. The P/E ratio is 60.79. The stock recorded -0.31 for one day, -0.97 for one month, -8.72 for six months, and -14.09 for one year.
PB ratio is 10.73, return on equity is 18.65, and ROCE is 22.83. The dividend yield is 0.70, debt to equity is 0.04, and volatility relative to the Nifty is lower at 1.90.
Hitachi Energy India Ltd, under the Heavy Electrical Equipment segment, has a market cap of 82,302.87 and a high close price of 18,465.00. The P/E ratio is 214.34. Short-term performance includes -1.31 for one day and -14.39 for one month, while the six-month return is -2.11 and the one-year return is strong at 35.88. PB ratio is 19.53, return on equity is 13.78, and ROCE is 13.29. The dividend yield is minimal at 0.03, debt to equity is 0.02, and volatility relative to the Nifty is high at 4.19.
Dixon Technologies (India) Ltd belongs to Home Electronics & Appliances and has a market cap of 77,871.95 with a close price of 12,832.00. The P/E ratio is 71.08. Returns show -0.10 for one day, -14.31 for one month, -11.93 for 6 months, and -28.70 for 1 year. PB ratio is 22.39, while return on strongs powerfu is 42.06 and ROCE is 41.60. Dividend yield is 0.06, debt to equity is 0.19, and volatility versus Nifty is 3.07.
Tata Elxsi Ltd operates in Software Services with a market cap of 33,820.08 and a close price of 5,429.00. The P/E ratio stands at 43.09. The stock recorded -0.54 for 1 day, 1.67 for 1 month, -14.00 for 6 months, and -21.33 for 1 year. PB ratio is 11.83, return on equity is 29.26, and ROCE is 34.31. Dividend yield is 1.38, debt to equity is 0.07, and volatility versus Nifty is 2.32.
Also Read: Top Semiconductor Stocks to Surpass Nvidia in 2025
These companies reflect different layers of the semiconductor and electronics value chain in India. From IT services and chip design support to power equipment, materials, and large-scale electronics manufacturing, each stock shows a unique balance of valuation, returns, and financial strength as of December 2025.
1: What are semiconductor stocks in the Indian market?
Semiconductor stocks include companies involved in chip design support, electronics manufacturing, power systems, and software services that enable the semiconductor value chain.
2: Why is HCL Technologies Ltd considered a semiconductor-linked stock?
HCL Technologies supports semiconductor companies through IT services, engineering solutions, and software development for chip design.
3: How does Bharat Electronics Ltd benefit from semiconductor growth?
Bharat Electronics benefits through defence electronics, radar systems, and advanced electronic equipment that rely heavily on semiconductor components.
4: What role does ABB India Ltd play in the semiconductor ecosystem?
ABB India supplies automation, power management, and electrical infrastructure essential for semiconductor manufacturing plants and data centers.
5: Why is Tata Elxsi Ltd important for long-term semiconductor investing?
Tata Elxsi focuses on design, embedded software, and engineering services, making it a key partner for global semiconductor and electronics firms.
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