Best Semiconductor Stocks for February 2026: BEL, Dixon Tech, Polycab India, and More – Based on 5-Yr CAGR

With Budget 2026 reinforcing India’s push for electronics manufacturing, defence indigenisation, and supply-chain resilience, semiconductor-linked stocks have returned to the spotlight. While India is still building a full chip ecosystem, several listed companies are already benefiting through defence electronics, EMS, industrial automation, and wiring demand. Here are the best semiconductor-linked stocks for February 2026, ranked primarily on their 5-year CAGR.

Best Semiconductor Stocks for February 2026 – 5-Yr CAGR Basis

Note: The list of best semiconductor stocks for February 2026 above is ranked based on their 5-year CAGR, and the data is as of February 05, 2026. 

Overview of the Best Semiconductor Stocks for February 2026

Bharat Electronics (BEL)

As of January 28, 2026, BEL’s order book rose to ₹73,450 crore, up from ₹73,015 crore earlier in the month. The company won fresh orders worth ₹19,300 crore, showing strong demand. Management believes BEL can exceed its full-year order inflow target of ₹27,000 crore, supported by a strong pipeline of both large and smaller orders.

CG Power

CG Power reported 22% year-on-year growth in sales, reaching ₹2,909 crore. Profit before tax (PBT) rose 35% to ₹454 crore, which is 15.6% of sales. Margins improved by 148 basis points, and return on capital employed (ROCE) stood at 23%. The order backlog increased sharply by 66% YoY to ₹14,859 crore, showing continued demand across segments.

Dixon Technologies

Dixon Technologies has maintained a positive growth outlook, projecting revenue of ₹3,500–₹4,000 crore for the next financial year, backed by a healthy order book. The company expects strong growth in mobile phone manufacturing volumes, with estimates of 60–65 million units by 2027–28. Management remains confident about handling short-term challenges and driving long-term growth across mobile, IT hardware, telecom, and appliances.

ABB India

ABB India reported a strong order backlog of around ₹10,000 crore, showing steady business momentum. In Q2 2025, the company recorded 12% revenue growth, with revenue reaching a record high of ₹3,175 crore. The backlog is expected to support future growth, with most orders likely to be executed over the next 12 to 24 months.

Polycab India

Polycab is positive about the long-term potential of its FMEG (consumer electricals) business. Under “Project Spring”, it aims to grow 1.5x to 2x faster than the industry and reach 8%–10% EBITDA margins by FY30. The company also expects strong performance in Q4, which is usually its busiest quarter, and plans to maintain 12%–14% margins in its cables and wires business.

Best Semiconductor Stocks for February 2026 Based on Net Profit Margin

Note: The list of best semiconductor stocks for February 2026 above is based on the data as of February 05, 2026.

Read more: LIC Launches Jeevan Utsav Single Premium Policy: Key Features, Benefits and Income Options Explained.

Conclusion

BEL, CG Power, Dixon Technologies, ABB India, and Polycab stand out among semiconductor-linked plays based on strong 5-year CAGR and business momentum. From BEL’s defence-led order inflows to Dixon’s EMS growth and ABB’s industrial demand, these companies are positioned to benefit from India’s electronics and manufacturing push. However, valuations remain elevated in some cases, making stock selection and risk management essential. 

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. 

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