Semiconductor company expands manufacturing of 1200V Silicon Carbide (SiC) Diodes in Collaboration with Pro Asia Semiconductor Corporation, Taiwan
The stock gave multibagger returns of 632 per cent in 3 years and a whopping 9,725 per cent in 5 years.
On Friday, shares of RIR Power Electronics Ltd hit a 5 per cent upper circuit to Rs 2,873.90 per share from its previous closing of Rs 2,737.05 per share with a spurt in volume by more than 1.11 times on the BSE. The stock’s 52-week high is Rs 4,878.60 per share and its 52-week low is Rs 1,414.45 per share.
RIR Power Electronics Ltd. has announced a significant expansion in the manufacturing and shipment of 1200V Silicon Carbide (SiC) Diodes, a milestone achieved through a strategic collaboration with Pro Asia Semiconductor Corporation (PASC) in Taiwan. This partnership leverages technology IP acquired from Sicamore Semi, USA and is expected to accelerate RIR's market entry by enabling the introduction of various SiC devices. The current product range includes 1200V Schottky Barrier Diodes (SBDs) from 2 amps to 60 amps, catering to diverse global applications and markets. Beyond serving existing customers in India and the USA, this expansion also provides improved access to high-growth SiC markets in the Southeast Asian region.
This advancement stems from a comprehensive technology transfer agreement signed with Sicamore Semi on October 17, 2024, granting RIR Power exclusive rights to manufacture, market and commercialise SiC diodes, MOSFETs and IGBTs using Sicamore's proven IP. The technology, initially developed for 4-inch wafers, has been successfully adapted for 6-inch wafer production with technical support from Vortex Semi, USA and PASC. The 1200V SiC diodes, produced at PASC's facility, have been shipped to India and validated against global industry standards. RIR Power has already secured purchase orders from key suppliers like Richardson Electronics (USA) and Ankit Plastics (India), who serve the commercial, industrial and defense sectors.
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About the Company
RIR Power Electronics Limited is a global pioneer in high-power semiconductor solutions, driving innovation and energy efficiency. Its portfolio of high-performance semiconductor devices, assemblies and energy management systems enables customers to address the evolving demands of modern energy systems. The company's innovative products and solutions empower energy performance at the highest level in both existing and emerging applications. Trusted worldwide for reliability and performance, RIR Power stands at the forefront of sustainable energy innovation—powering progress, one breakthrough at a time.
RIR Power Electronics Limited experienced robust financial growth in FY25, driven by strong demand for its power electronics products. Revenue from operations surged by 29.13 per cent year-on-year to Rs 86.21 crore, while Profit After Tax (PAT) reached Rs 8.28 crore, representing a 4.02 per cent increase from the previous year. The fourth quarter of FY25 was particularly strong, with RIR achieving its highest quarterly revenue at Rs 26.46 crore and a PAT of Rs 2.55 crore
RIR Power Electronics Ltd has announced significant corporate actions aimed at enhancing shareholder value, including a 1:1 bonus Issue and a stock split, changing the face value of its shares from Rs 10 to Rs 2. Additionally, the company has recommended a final dividend of Rs 2 per equity share (of Rs 10 each) for FY25, which is subject to shareholder approval.
RIR Power Electronics has a market capitalisation is over Rs 2,200 crore. The stock gave multibagger returns of 632 per cent in 3 years and a whopping 9,725 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.