India’s semiconductor and electronics ecosystem continues to advance as government-led initiatives boost manufacturing, design, and supply-chain capability.
With policy incentives and rising domestic demand for embedded systems, several Indian companies connected to semiconductor dependent sectors have shown steady progress in December 2025.
Below is a look at the best semiconductor stocks in December based on their 5-year CAGR.
| Name | Sub-Sector | Market Cap | PE Ratio | ↓5Y CAGR |
| ASM Technologies Ltd | IT Services & Consulting | 4,865.74 | 185.57 | 119 |
| CG Power and Industrial Solutions Ltd | Heavy Electrical Equipments | 108,408.72 | 111.23 | 77.34 |
| CG Power and Industrial Solutions Ltd | Electronic Equipments | 303,575.11 | 57.05 | 62.81 |
| Polycab India Ltd | Electrical Components & Equipments | 113,490.84 | 56.18 | 51.51 |
| Dixon Technologies (India) Ltd | Home Electronics & Appliances | 89,897.00 | 82.06 | 45.47 |
| Dixon Technologies (India) Ltd | Heavy Electrical Equipments | 110,139.38 | 58.85 | 37 |
| Vedanta Ltd | Metals - Diversified | 201,639.68 | 13.45 | 34.16 |
| Tata Elxsi Ltd | Software Services | 32,576.52 | 41.5 | 28.25 |
| HCL Technologies Ltd | IT Services & Consulting | 437,724.51 | 25.17 | 13.95 |
| Havells India Ltd | Electrical Components & Equipments | 90,312.44 | 61.34 | 12.38 |
Note: Data reflects 5-year CAGR performance as of the November27, 2025.
ASM Technologies leads the list with a 5-year CAGR of 119%, supported by its expansion in design-led manufacturing. The company recently signed an MoU with the Government of Tamil Nadu to invest ₹250 crore in strengthening its ESDM capabilities.
Key Metrics:
A significant player in industrial systems, CG Power continues to scale up semiconductor-adjacent capabilities. Its subsidiary, G.G. Tronics India, has progressed in validating the Uniform Braking Algorithm for Indian Railways, expanding its technology footprint.
Key Metrics:
BEL maintains a strong position in electronics and defence-linked semiconductor applications. The company recently signed an MoU with Tata Electronics to develop domestic semiconductor and electronics solutions, aligning with India’s efforts toward technological self-reliance.
Key Metrics:
Polycab, India’s leading wires and cables manufacturer, continues to deepen its presence across electrical and power systems. Its wide product range, distribution strength, and energy-efficient solutions support a 5-year CAGR of 51.51%.
Key Metrics:
Dixon remains a key force in India’s electronics manufacturing services. The company is entering a new phase of growth through backward integration into components such as displays, camera modules, enclosures, and batteries—strengthening its relevance in semiconductor-dependent production.
Key Metrics:
Net profit margin offers insight into how efficiently companies convert revenue into earnings. The following stocks show varied profitability levels within semiconductor stocks for December 2025.
| Name | Net Profit Margin (%) |
| Bharat Electronics Ltd | 21.71 |
| Tata Elxsi Ltd | 20.08 |
| ABB India Ltd | 14.92 |
| HCL Technologies Ltd | 14.55 |
| CG Power and Industrial Solutions Ltd | 9.68 |
| Vedanta Ltd | 9.43 |
| Polycab India Ltd | 8.93 |
| ASM Technologies Ltd | 8.81 |
| Havells India Ltd | 6.67 |
| Dixon Technologies (India) Ltd | 2.78 |
Debt-to-equity ratios help assess how companies balance borrowed funds with shareholder capital.
| Name | Debt to Equity |
| Bharat Electronics Ltd | 0 |
| ABB India Ltd | 0.01 |
| CG Power and Industrial Solutions Ltd | 0.01 |
| Polycab India Ltd | 0.02 |
| Havells India Ltd | 0.04 |
| Tata Elxsi Ltd | 0.07 |
| HCL Technologies Ltd | 0.09 |
| Dixon Technologies (India) Ltd | 0.19 |
| ASM Technologies Ltd | 0.52 |
| Vedanta Ltd | 1.70 |
India’s semiconductor landscape is continuing to mature as companies enhance manufacturing capacity, expand design expertise, and support the country’s electronics and digital infrastructure goals.
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: Nov 27, 2025, 3:07 PM IST

Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates