Established in 2007, Polymatech Electronics is India’s first Semiconductor chips manufacturer. The company offers microcontrollers, wireless, logic, memory and led chips.
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It’s second Plant is at the bottom of Krishnadevaraya Hills, Krishnagiri, Tamil Nadu .
PEPL was incorporated as subsidiary of Polymatech Company Ltd, Japan. However, in 2018, it was completely acquired by Chennai-based Mr Eswara Rao Nandam and his wife, Mrs Uma Nandam through a share purchase agreement.
Polymatech will invest $1 billion in semiconductor manufacturing by 2025. The investments will be in forward and backward integration operations of its current products and indigenisation of several products that are being imported. The company has signed an MoU with the Government of Tamil Nadu with an initial investment of $130 million.
Polymatech has successfully completed all required trials with the first phase of imported machinery that has a capacity of 250 million chips. We plan to become one of the largest chip manufacturers in Asia by 2025, said Eswara Rao.
As per the Indian Electronic and Semiconductors Association (IESA), the Indian semiconductor market is projected to reach $64 billion by 2026. Further, the global industry market size would be $340 billion by 2029 as per World Semiconductor Trade Statistics (WSTS).
Prime Minister Narendra Modi said in May that India’s own consumption of semiconductors is expected to cross $80 billion by 2026 and $110 billion by 2030.
According to IT Minister Ashwini Vaishnaw, the government has received many applications under the semiconductor PLI scheme and expects the process to take about 15-18 months to complete.
So far, India has received investment proposals from five global Semiconductor majors to set up semiconductor fab and display fab locally in the country.
Polymatech Electronics Unlisted Shares Details
Availability status: Yes Available in both NSDL & CDSL Demat accounts.
Face Value: Rs 10 per equity share
ISIN: INE0OLN01011
PAN: AAECP2981Q
CIN : U32107TN2007FTC063706
Location: OZ-13, SIPCOT Hi-Tech SEZ, Oragadam, Kancheepuram, Tamil Nadu -602105
Polymatech Share Price History: Shares of Polymatech are available in Unlisted Market from August 2023. So far, the stock has touched high of Rs 450 and low of Rs 400.
Polymatech Electronics Latest Financial Details (Figs in Rs Crore)
| FY 2023 | FY 2022 | |
|---|---|---|
| Total Income | 649.66 | 126.42 |
| Net Profit | 166.77 | 34.8 |
| EPS | 23.20 | 5.48 |
Polymatech Valuation
Polymatech has total 6.34 crore equity shares of Rs 10 each. Based on current market price of Rs 450 in unlisted market, Market capitalisation (MCap) of Polymatech is around Rs 2850 crore.
Should you invest in Polymatic ? Why to invest in Polymatic ?
Key promoter, Mr. Eswara Rao Nandam has over 20 years of technological expertise in this industry.
Growing demand for LEDs has given the opportunity for this company to manufacture LED chips and supply in the domestic market as an import substitution product.
Further, the government’s relaxation on duties for the segment and incentives in the form of subsidies will enable the
company to price the product competitively vis-à-vis imports. The business risk profile should benefit from the strong
technological expertise and government support, which is likely to continue over the medium term.