Arcline Semi
Arcline Semiconductors Private Limited
- CIN
- U32201KA2018PTC118742
- ISIN
- —
- Incorporated
- 9 Aug 2018
- Registered state
- Karnataka
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Business overview
Arcline Semiconductors Private Limited designs mixed-signal chips and runs an outsourced assembly and test facility for automotive and industrial customers, with a design centre in Bengaluru and an OSAT plant near Sanand, Gujarat, shipping about 240 million units a year to 38 customers across India, Japan and Germany. The company turned profitable in FY2026 as the Sanand line crossed break-even utilisation; incremental volume now falls through at a materially higher margin than the first two years of operation. The company is currently unlisted with no publicly announced listing timeline, and shares change hands only through negotiated off-market transfers.
Business model
Fabless chip design combined with an owned assembly-and-test plant; revenue from product sales and test services.
Key highlights
- First full year of positive PAT in FY2026
- Government incentive receivable of ₹310 crore recognised over the plant's life
- Design-win pipeline weighted towards automotive body-control modules
- Capacity utilisation improved from 41% to 68% year on year
Financial snapshot
FY2026 · Audited · Source: Audited annual report
- Revenue FY2026
- ₹2,140.00 Cr
- EBITDA
- ₹318.00 Cr
- PAT
- ₹96.00 Cr
- Net worth
- ₹2,860.00 Cr
- Total debt
- ₹1,840.00 Cr
- Cash & equivalents
- ₹420.00 Cr
- Operating cash flow
- ₹262.00 Cr
- EPS
- ₹3.06
Management & board
- SPSince 2019
Shalini Pillai
Managing Director & CEO
Has led Arcline Semi since 2019 and previously held senior operating roles in the same sector.
- ADSince 2014
Ananya Deshpande
Chief Financial Officer
- SASince 2021
Sameer Agarwal
Executive Director — Operations
- AJSince 2009
Arjun Joshi
Company Secretary & Compliance Officer
- MSSince 2021
Mohan Sinha
Independent Director
Reported financials · FY2024–FY2026
Figures in ₹ crore unless stated. Every column carries its own source and audit status.
| Particulars | FY2026Audited | FY2025Audited | FY2024Audited | YoY |
|---|---|---|---|---|
| Profit & loss | ||||
| Revenue | ₹2,140 Cr | ₹1,380 Cr | ₹742 Cr | +55.1% |
| EBITDA | ₹318 Cr | ₹142 Cr | ₹-46 Cr | +123.9% |
| Profit after tax | ₹96 Cr | ₹-38 Cr | ₹-184 Cr | — |
| Earnings per share | ₹3.06 | ₹-1.21 | ₹-5.86 | — |
| Balance sheet | ||||
| Net worth | ₹2,860 Cr | ₹1,980 Cr | ₹1,240 Cr | +44.4% |
| Total debt | ₹1,840 Cr | ₹1,420 Cr | ₹980 Cr | — |
| Cash & equivalents | ₹420 Cr | ₹306 Cr | ₹214 Cr | — |
| Total assets | ₹5,940 Cr | ₹4,180 Cr | ₹2,760 Cr | — |
| Book value per share | ₹91.08 | ₹63.06 | ₹39.49 | — |
| Cash flow | ||||
| Operating cash flow | ₹262 Cr | ₹88 Cr | ₹-122 Cr | — |
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- FY2026 · Audited annual report · period ended 31 Mar 2026 · last updated in the back office 20 Sep 2026
- FY2025 · Audited annual report · period ended 31 Mar 2025
- FY2024 · Audited annual report · period ended 31 Mar 2024
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio on this tab is derived from the reported figures in the Financials tab and the indicative price in the header — nothing here is a stored value. A ratio that cannot be justified is shown as — with the reason, rather than as a negative or a zero. Ratios move when the indicative price moves.
Size
Balance-sheet items as at FY2026
- Market cap
- ₹21,509 Cr
- Enterprise value
- ₹22,929 Cr
- Indicative price
- ₹685
- Shares outstanding
- 31,40,00,000
Indicative price × shares outstanding
Market cap + debt − cash
Valuation multiples
- P/E
- 224.1x
- P/B
- 7.5x
- EV / EBITDA
- 72.1x
- EPS
- ₹3.06
- Book value / share
- ₹91.08
- Debt / equity
- 0.6x
On FY2026 PAT
Returns & margins
- ROE
- 3.4%
- ROCE (EBITDA basis)
- 6.8%
- EBITDA margin
- 14.9%
- PAT margin
- 4.5%
- Revenue growth
- 55.1%
- Cash / market cap
- 2.0%
EBITDA ÷ (net worth + debt)
Indicative price snapshots
Each point is a dated dealer-quote average. There is no continuous trading behind these numbers, so no daily series is drawn.
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Snapshot log
| Date | Indicative price | Change | Source |
|---|---|---|---|
| 20 Sep 2026 | ₹685 | +6.18% | Dealer desk average, 3 quotes |
| 20 Aug 2026 | ₹645 | +7.70% | Dealer desk average |
| 20 Jul 2026 | ₹599 | +2.30% | Dealer desk average |
| 20 Jun 2026 | ₹586 | +7.36% | Dealer desk average |
| 20 May 2026 | ₹545 | +8.13% | Dealer desk average |
| 20 Apr 2026 | ₹504 | +6.46% | Dealer desk average |
| 20 Mar 2026 | ₹474 | +3.47% | Dealer desk average |
| 20 Feb 2026 | ₹458 | +4.10% | Dealer desk average |
| 20 Jan 2026 | ₹440 | +3.31% | Dealer desk average |
| 20 Dec 2025 | ₹426 | +4.43% | Dealer desk average |
| 20 Nov 2025 | ₹408 | +3.45% | Dealer desk average |
| 20 Oct 2025 | ₹394 | +2.36% | Dealer desk average |
| 20 Sep 2025 | ₹385 | — | Dealer desk average |
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Change is measured against the previous snapshot, not against a calendar period, because snapshots are not collected on a fixed schedule. The header percentages use fixed windows and may not tie exactly to this column.
Corporate actions & events
Dated events sourced from company filings and registrar records.
- Bonus21 Dec 2026
Bonus issue in the ratio 1:2
Board approved a bonus issue; record date notified to shareholders on file.
Company filing / RoC
- Split7 Aug 2025
Sub-division of equity shares
Face value sub-divided to improve tradability ahead of a listing.
Company filing / RoC
- Filing2 May 2025
Annual return filed with the registrar
Statutory filing completed within the prescribed timeline.
Company filing / RoC
- Board10 Jun 2024
Appointment of an independent director
Board strengthened with an additional independent director following a nomination-committee review.
Company filing / RoC
- Rights23 Mar 2024
Rights issue to existing shareholders
Rights entitlement offered to shareholders on record in the stated ratio.
Company filing / RoC
IPO / listing status
- Current stage
- Unlisted
- DRHP filed
- —
- RHP filed
- —
- Expected window
- —
- Registrar
- —
- Book-running managers
- —
No listing application has been made. Any exit before a listing depends on finding a counterparty in the off-market.
Research
1 published on this company
Documents
Public documents open directly. Private documents are released to verified clients on request.
| Document | Type | FY / date | Source | Access |
|---|---|---|---|---|
| Annual Report FY20264.2 MB | Annual report | FY2026 | Company | Download |
| Annual Report FY20253.8 MB | Annual report | FY2025 | Company | Download |
| Audited financial statements — three-year summary620 KB | Financials | FY2024–FY2026 | Statutory filings | Download |
| Investor presentation9.1 MB | Presentation | 2026-07-15 | Company | On request |
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Risk assessment
Our own reading of the disclosed information. Treat the levels as judgement, not as fact.
Capex intensity
HighFurther capacity needs equity; dilution risk for existing holders.
Customer concentration
HighTop three customers account for more than half of revenue.
Incentive dependence
MediumProfitability leans on scheme incentives that have a defined end date.
No listing timeline
MediumNo DRHP filed; exit depends on secondary demand.
Risks common to every unlisted holding. You may not find a buyer when you want one, at any price. A listing may be delayed indefinitely or may never happen, and shares can list below the price at which they changed hands in the unlisted market. Disclosure by unlisted companies is thinner than by listed ones, and the indicative price is based on infrequent dealer quotes rather than continuous trading.