Best Semiconductor Stocks in Sep 2025: ASM, Dixon, Tata Elxsi and More Based on 5Y CAGR

The semiconductor industry is a key driver of economic growth in today’s technology-centric world. Historically, India has primarily been a consumer in this sector, meeting nearly 85% of its chip demand through imports from international markets.

However, the Indian semiconductor sector is now at a turning point, fueled by government initiatives, strategic collaborations, and a strong domestic market. Currently, the country has limited semiconductor fabrication and assembly facilities, which cater mainly to niche segments and have relatively low capacity.

India’s semiconductor market is projected to grow from US$ 34.3 billion in 2023 to over US$ 100.2 billion by 2032. In this article, we explore the top-performing semiconductor stocks in India based on 5-year CAGR for Sep 2025.

Best Semiconductor Stocks for Sep 2025 – Based on 5 Year CAGR

Note: The best semiconductor stocks list for Sep 2025 has been sorted based on 5-Year CAGR and market cap of at least ₹4,000 Crore as of Aug 22, 2025.

Overview of Best Semiconductor Stocks in Sep 2025

ASM Technologies Ltd

ASM Technologies is a semiconductor company which is involved in engineering services, product R&D, and semiconductor solutions. During Q1 FY26, the company recorded a growth in revenue from operations to ₹122.9 crore, from ₹52.6 crore in Q1 FY25, fueled by solid performance in both its Design Led Manufacturing and Engineering R&D segments

Key Metrics:

•  Return on Capital Employed (ROCE): 19.6%
• Return on Equity (ROE): 17.2%

Dixon Technologies (India) Ltd

During Q1FY26, the company reported consolidated revenues were reported at ₹12,838 crores, marking a 95% increase compared to ₹6,588 crores during the same period in the previous year. Consolidated EBITDA stood at ₹484 crores, reflecting an 89% growth from ₹256 crores in the corresponding quarter last year.

Key Metrics:

•  ROCE: 39.8%
• ROE: 32.9%

Tata Elxsi Ltd

Tata Elxsi is one of the world’s leading providers of design and technology services across industries, including Automotive, Media, Communications and Healthcare. Q1FY26 was challenging across key markets due to macroeconomic uncertainties, as well as industry- and customer-specific issues that affected R&D spending and decision-making cycles globally.

Despite these obstacles, the company demonstrated resilience by safeguarding its business in its largest vertical, securing significant deal wins across key sectors to establish sustained revenue streams, and strengthening relationships with its customers.

Key Metrics:

•  ROCE: 36.3%
• ROE: 29.3%

Also Read: Top Mutual Funds for September 2025 That Delivered Highest Returns in the Last 10 Years

Conclusion

The Indian semiconductor sector is poised for significant growth, supported by strong government initiatives, strategic partnerships, and an expanding domestic market. The top semiconductor stocks like ASM Technologies, Dixon Technologies, and Tata Elxsi have demonstrated impressive financial performance.

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 securities market are subject to market risks, read all the related documents carefully before investing.