# semiconductor earnings — X 热门讨论 (2026-09-23 13:55 UTC)
## @TheVivekSinghal (Vivek Singhal) · 09-23 13:19 · ♥146 ↻4 💬16 VSpartans Business Expansion Watch — 23 September 2026
1. Borosil Scientific Limited — laboratory-glassware capacity to expand more than sevenfold.
The board approved ₹60 crore to expand annual laboratory-glassware capacity at Bharuch from 15 lakh units to 108 lakh units. Completion is targeted by March 2027. BSE filing details The expansion can materially increase addressable revenue across pharmaceutical, research, food-testing and industrial customers while improving manufacturing scale. Returns will depend on demand visibility, capacity utilisation, commissioning discipline, product mix and working-capital requirements.
VSpartans View: The capex is meaningful relative to Borosil Scientific’s current scale. The sevenfold capacity increase creates operating-leverage potential, but earnings estimates require clarity on customer commitments and expected asset turnover.
2. Hikal Limited — commercial production begins for personal-care ingredients. Hikal commenced commercial production at its new cGMP-compliant multipurpose facility in Panoli, Gujarat, marking its entry into commercial-scale supplies for the global beauty and personal-care industry. Initial batches have been manufactured and customer samples validated. The first portfolio focuses on skincare ingredients, particularly second-generation ultraviolet filters. Global customer approvals are still in progress. The new segment diversifies Hikal beyond pharmaceuticals, crop protection and animal health, with the potential for higher-value specialty-chemical revenue. Company announcement, - Business Standard
VSpartans View: Repurposing an existing asset may moderate incremental capital intensity. Customer qualifications, commercial volumes, pricing and margin disclosure are the next milestones needed to establish earnings materiality.
3. CG Power and Industrial Solutions Limited — semiconductor plant enters yield-optimisation phase. Media report — not yet company-confirmed: A senior Renesas executive said CG Semi’s first Sanand semiconductor-packaging facility has moved beyond initial commissioning into optimisation of yields and throughput. The G1 facility has peak capacity of 300 million units annually. The larger G2 facility remains under construction and is expected to raise capacity to approximately 4 billion units annually by late 2027 or early 2028. The two-facility programme involves investment exceeding ₹7,600 crore over five years. Renesas owns about 6.8% of CG Semi, provides technology and acts as an anchor customer. - Financial Express
VSpartans View: Yield optimisation is the critical bridge between plant commissioning and profitable volume production. The report is encouraging, but CG Power still needs to confirm achieved yields, utilisation, customer qualifications and the revenue-ramp schedule.
Overall VSpartans View: Borosil Scientific offers the clearest new capacity-led opportunity, while Hikal has opened a new specialty-chemicals revenue vertical. CG Power’s semiconductor programme has much larger strategic potential, but commercial yields and customer ramps—not installed capacity—will determine returns.
For research and information purposes only; not a personalised investment recommendation. https://x.com/TheVivekSinghal/status/2102749746549153867