Best Semiconductor Stocks for November 2026: MIC Electronics, ASM Technologies and More – Based on 5-Year CAGR

India’s semiconductor and electronics manufacturing sector is undergoing a structural transformation, supported by strong government incentives, rising domestic demand, and strategic focus on self-reliance under the Make-in-India and Semiconductor Mission initiatives.
The government’s push to localise electronics manufacturing, coupled with rising demand from defence, automotive, power, telecom, and consumer electronics sectors, has accelerated growth across semiconductor-linked companies.
Let’s look at the best semiconductor stocks for November 2026, ranked based on key factors such as 5-year CAGR, debt to equity ratio, and net profit margin.
Best Semiconductor Stocks for November 2026 – 5-Yr CAGR Basis
| Name | Sub-Sector | Market Cap (in ₹ Crore) | PE Ratio | 5 Year CAGR (%) |
| MIC Electronics Limited | Electrical Components & Equipments | 1,028.3 | -81.35 | 94.16 |
| ASM Technologies Limited | IT Services & Consulting | 9,632.05 | 158.55 | 89.33 |
| Solex Energy Limited | Industrial Machinery | 675.26 | 7.03 | 66.8 |
| Hitachi Energy India Limited | Heavy Electrical Equipments | 1,29,215.28 | 130.81 | 62.87 |
| CG Power and Industrial Solutions Limited | Heavy Electrical Equipments | 1,33,285.1 | 110.49 | 40.76 |
| Bharat Electronics Limited | Electronic Equipments | 2,75,469.02 | 45.44 | 39.49 |
| ABB India Limited | Heavy Electrical Equipments | 1,44,118.89 | 86.39 | 28.06 |
| Polycab India Limited | Electrical Components & Equipments | 1,23,865.77 | 46.36 | 27.48 |
| Dixon Technologies (India) Limited | Home Electronics & Appliances | 75,484.5 | 52.47 | 16.68 |
| Vedanta Limited | Metals - Diversified | 96,081.27 | 5.52 | 12.96 |
Note: The list of best semiconductor stocks for November 2026 above is ranked based on their 5-year CAGR, and the data is as of October 26, 2026.
Overview of the Best Semiconductor Stocks for November 2026
1.MIC Electronics Limited
MIC Electronics Limited operates in the electronic components and electrical equipment segment, catering to infrastructure, transport, and display technology solutions.
Key Metrics:
ROCE: 10.14%
ROE: -5.75%
2.ASM Technologies Limited
ASM Technologies Limited provides engineering and product development services, specializing in technology solutions for the semiconductor and electronics industries.
Key Metrics:
ROCE: 23.91%
ROE: 25.73%
3.Solex Energy Limited
Solex Energy Limited is engaged in manufacturing solar panels and providing comprehensive solar energy solutions for residential, commercial, and industrial applications.
Key Metrics:
ROCE: 31.75%
ROE: 46.32%
Best Semiconductor Stocks for November 2026 Based on Net Profit Margin
| Name | Sub-Sector | Net Profit Margin |
| Bharat Electronics Limited | Electronic Equipments | 21.51 |
| Vedanta Limited | Metals - Diversified | 18.77 |
| ABB India Limited | Heavy Electrical Equipments | 12.31 |
| Hitachi Energy India Limited | Heavy Electrical Equipments | 11.78 |
| ASM Technologies Limited | IT Services & Consulting | 11.32 |
| CG Power and Industrial Solutions Limited | Heavy Electrical Equipments | 9.53 |
| Polycab India Limited | Electrical Components & Equipments | 9.18 |
| Solex Energy Limited | Industrial Machinery | 5.92 |
| Dixon Technologies (India) Limited | Home Electronics & Appliances | 2.9 |
| MIC Electronics Limited | Electrical Components & Equipments | -6.59 |
Note: The list of best semiconductor stocks for November 2026 above is ranked based on their net profit margin, and the data is as of October 26, 2026.
Best Semiconductor Stocks for November 2026 by Debt-to-Equity Ratio
| Name | Sub-Sector | Debt to Equity |
| Bharat Electronics Limited | Electronic Equipments | 0 |
| CG Power and Industrial Solutions Limited | Heavy Electrical Equipments | 0.01 |
| ABB India Limited | Heavy Electrical Equipments | 0.01 |
| Hitachi Energy India Limited | Heavy Electrical Equipments | 0.02 |
| Polycab India Limited | Electrical Components & Equipments | 0.02 |
| Dixon Technologies (India) Limited | Home Electronics & Appliances | 0.18 |
| MIC Electronics Limited | Electrical Components & Equipments | 0.2 |
| ASM Technologies Limited | IT Services & Consulting | 0.42 |
| Vedanta Limited | Metals - Diversified | 0.48 |
| Solex Energy Limited | Industrial Machinery | 1.32 |
Note: The list of best semiconductor stocks for November 2026 above is ranked based on their debt-to-equity ratio, and the data is as of October 26, 2026.
Read More: Bharat Electronics Share Price in Focus; Secures Defence Orders Worth ₹533 Crore!
Conclusion
This article presents a comparative view of selected semiconductor-related stocks based on historical financial metrics such as 5-year CAGR, net profit margin, and debt-to-equity ratio.
These parameters are provided solely for informational purposes. Investors are advised to assess their individual financial objectives, risk tolerance, and time horizon, and to consult a qualified financial advisor before making any investment decisions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 27, 2026, 1:15 PM IST

Team Angel One
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