3 Fastest Growing Semiconductor Stocks to Add to Your 2026 Watchlist

The India semiconductor market size was estimated to be US$ 53.2 billion (bn) in 2024, and is expected to reach US$ 161 bn by 2033, according to the Imarc Group. This means the industry will grow at a CAGR of 12.45% during the forecast period (2025-2033).

The industry is witnessing a significant transformation due to strong government support, increasing electronics manufacturing, and rising demand from AI, 5G, and EV sectors.

In this editorial, we look at some of the fast-growing stocks from the semiconductor ecosystem to add to your watchlist. The list includes companies that are also diversified and indirectly related to the industry, while others have plans in the semiconductor space.

These companies have been shortlisted using the Equitymaster screener. We have looked at companies with a low debt-to-equity ratio under 0.3, average 3-year sales CAGR more than 20%, and strong growth plans for the future.

#1 GG Power and Industrial Solutions

First on our list is CG Power and Industrial Solutions (CG Power).

Industrial motors, drives, transformers, switchgear, traction motors for Indian Railways, and consumer appliances like fans and water heaters are all part of the company's varied portfolio.

By establishing a semiconductor manufacturing facility, CG Power and Industrial Solutions has made a move into the semiconductor sector. In Sanand, Gujarat, the company's subsidiary CG Semi will open the country's first Outsourced Semiconductor Assembly and Test (OSAT) facility. This facility, is a part of a larger Rs 76 bn investment.

The project will benefit from 50% fiscal support for the eligible capex from the India Semiconductor Mission. This mission is a part of the commitment of the Government of India to strengthen India's position as a key player in the global semiconductor value chain.

Coming to financials of the company, in Q2 FY26 CG Power reported consolidated net sales of Rs 29,228 m against Rs 24,127 m in the corresponding period of last year. Net profits for Q2 FY26 was placed at Rs 2,844 m against Rs 2,196 m YoY.

The company has reported a 3-year CAGR sales growth of 21.8% and 3-year net profit CAGR growth of 15.6%.

How Shares of CG Power have Performed

In the past five days, CG Power shares have gained to Rs 677 from Rs 664. In the last one month, the share price has remained flat. In the last one year, the shares have lost about 3%.

The stock touched its 52-week high of Rs 797.75 on 17 September 2025 and its 52-week low of Rs 518.35 on 7 April 2025.

To know more check CG Power fact sheet and latest quarterly results.

#2 Keynes Technology India

Second on our list is Kaynes Technology India.

The company is a leading integrated electronics manufacturing company in India, specialising in end-to-end and IoT solutions-enabled electronics manufacturing.

Through its fully owned subsidiary, Kaynes Semicon Pvt Ltd, Kaynes Technology India has made a major foray into the semiconductor industry. The company is investing Rs 33 bn to establish a semiconductor unit in Sanand, Gujarat.

With a production capacity of about 6 m chips per day, this facility is will serve a variety of industries, including consumer electronics, telecom, mobile phones, automobiles, and electric vehicles.

On the financial front, Kaynes Technology India reported consolidated net sales of Rs 9,062 m for Q2 FY26, which was significantly higher than Rs 5,721 m YoY. Net profits for Q2 FY26 came in at Rs 1,214 m from Rs 602 m in the corresponding period last year. The company has reported a 3-year CAGR sales growth of 56.8% and 3-year net profit CAGR growth of 91.7%.

Kaynes Semicon Private Limited, in mid-December announced two landmark strategic partnerships with global technology leaders - AOI Electronics Co., Ltd. (Japan) and Mitsui & Co., Ltd. (Japan) - to strengthen its upcoming semiconductor manufacturing operations in India.

Recently, the stock of Kaynes Technology India dropped sharply after Kotak Institutional Equities raised concerns over inconsistencies in the company's related-party disclosures.

How Shares of Kaynes Technology India have Performed

In the past five days, shares of Kaynes Technology India shares have moved higher to Rs 4,220 from Rs 4,210. In the last one month, the share price has dropped 28%.

In the last one year, the shares have lost 42%.

The stock touched its 52-week high of Rs 7,824.95 on 1 January 2025 and its 52-week low of Rs 3,713.75 on 9 December 2025.

To know more check the Kaynes Technology India fact sheet and quarterly results.

#3 MosChip Technologies

Next on our list is MosChip Technologies.

MosChip Technologies is a leading silicon and product engineering company with 26 years of expertise in ASIC design, embedded systems, digital, and AI engineering.

MosChip partners with global OEMs to design, engineer, and deliver products in the semiconductor, automotive, industrial, consumer, and medical domains.

On the financial front, Q2FY26 revenue from operations grew from Rs 1,256.3 m to Rs 1,469.4 m, an increase of 17%. Net profit increased from Rs 97.3 m to Rs 121.5 m, up 25% YoY.

The company has reported a 3-year CAGR sales growth of 46.8%, while the net profit growth has been 73.1%.

To support growing business needs, MosChip is expanding its footprint in Bangalore and Pune. These new locations are strategically chosen to be closer to key social infrastructure, offering improved convenience and accessibility for employees.

MosChip Technologies, recently announced that it will launch its new ProductXcelerate Blueprints at Embedded World North America, introducing a unified solutions suite that advances how OEMs design intelligent, connected products in the AI-Led Product Era.

How Shares of MosChip Technologies have Performed

In the past five days, shares of MosChip Technologies have moved marginally higher to Rs 210 from Rs 200.6. In the last one month, the share price has gained marginally by about 3%.

In the last one year, the shares have lost about 2%.

The stock touched its 52-week high of Rs 288 on 8 October 2024 and its 52-week low of Rs 125.3 on 7 April 2025.

To know more check the MosChip Technologies factsheet and latest quarterly results.

Conclusion

A vertically integrated semiconductor ecosystem that includes chip design, fabrication, assembly, testing, and research and development is being built in India.

Major projects in several states are being facilitated by the government, which is also drawing significant investments and encouraging partnerships with world leaders in technology.

Companies that fully capitalise on accelerated growth are poised to reap the greatest benefits.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...