Divgi Torqtransfer Systems Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,870 Cr
- P/E
- 45.38
- ROE
- 7.59%
- PEG
- -15.32
- Price to sales
- 6.88
- Debt to equity
- 0.00
- 52W high / low
- ₹1,301 / ₹582
- Sales growth (5Y)
- 13.59%
- EBITDA margin
- 22.24%
- Net profit margin
- 13.25%
- Promoter holding
- 60.56%
- Sales (last year)
- ₹418 Cr
Incorporated in 1964, Divgi Torqtransfer System Ltd manufactures Auto Components and Parts[1]
Guidance scorecard · Q1 FY27 call
What Divgi Torqtransfer Systems Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
40%+- Targeting INR 2,000 crore annual revenue, with initial focus on reaching INR 1,000 crore by developing 4-5 business chunks ranging from INR 150-400 crore each.
- Q1 FY '27 revenue at INR 141.8 crore, annualizing to approx. INR 560 crore, indicating strong growth momentum.
- Growth driven by transfer cases, components, export markets expansion, and emerging transmission products including automatic and manual transmissions, EV transmissions, and hybrids.
- Capacity expansion underway with upgraded world-class assembly lines targeting 120,000 units/year, plus land for further growth.
- Exports expected to contribute 25-40% of business, with domestic proprietary products making up 60-70%.
2 more points from Divgi Torqtransfer Systems Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Divgi Torqtransfer Systems Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- U.S. Manufacturing Facility (Project Mayflower): Setting up a new compact manufacturing facility in Greenville, South Carolina, near BorgWarner’s plant, focusing on transfer cases and aligning with North American local content mandates. Initial investment…
- Modernization of Assembly Lines in India: Upgrading 20-year-old assembly lines with a German automation company to achieve world-class capacity (~400 units/day, 120,000 units/year) at the Shirwal facility.
- Investment in Technology & R&D: Continued focus on technology-led innovation, supporting new product lines such as automatic transmissions, manual transmissions, hybrid technologies, and EV transmissions.
2 more points from Divgi Torqtransfer Systems Ltd's call on capex
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FundraisingQ1 FY27 call
See what Divgi Torqtransfer Systems Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Approximately 70,000 units for the transfer case contract, with roughly 30% dispatched in Q1 and the remaining to be executed over the rest of the year; some spillover into next year possible due to OEM supply chain constraints.
- Orders include a beachhead contract for manual transmissions expected to start generating revenue next year, targeting INR 100 to 150 crores.
- Potential automatic transmission orders anticipated from the second half of FY 2028, expected to contribute INR 300 to 400 crores.
- Active discussions and new RFQs with Japanese, Chinese, and Korean OEMs, with the Indian and export markets offering significant opportunities.
- Export order book strengthened post Indonesia order, with export contributing about 16% of revenue.
- EV transmission schedules show increased demand, with forecasts up from INR 6.5-8 crores per quarter to INR 10-12 crores.
2 more points from Divgi Torqtransfer Systems Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- 1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Divgi TorqThis stock | 40%+ | Flat | ₹3,020 Cr | 47.8 |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Divgi Torqtransfer Systems Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Divgi Torqtransfer Systems Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 73 | 57 | 69 | 63 | 65 | 54 | 54 | 53 | 58 | 72 | 83 | 91 | 108 |
| Expenses + | 54 | 44 | 54 | 50 | 52 | 45 | 43 | 44 | 50 | 58 | 66 | 73 | 86 |
| Operating Profit | 19 | 13 | 14 | 13 | 13 | 9 | 11 | 9 | 9 | 14 | 17 | 18 | 22 |
| OPM % | 26% | 23% | 21% | 20% | 20% | 16% | 21% | 16% | 15% | 20% | 20% | 20% | 20% |
| Other Income + | 3 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 5 | 5 | 6 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 8 | 8 |
| Profit before tax | 18 | 14 | 14 | 13 | 12 | 8 | 11 | 7 | 7 | 12 | 15 | 16 | 20 |
| Tax % | 26% | 26% | 26% | 26% | 25% | 26% | 26% | 26% | 27% | 26% | 27% | 25% | 23% |
| Net Profit + | 13 | 10 | 11 | 9 | 9 | 6 | 8 | 5 | 5 | 9 | 11 | 12 | 15 |
| EPS in Rs | 4.40 | 3.41 | 3.51 | 3.06 | 3.01 | 1.95 | 2.56 | 1.71 | 1.75 | 2.92 | 3.52 | 3.85 | 5.06 |
Financials of Divgi Torqtransfer Systems Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 159 | 187 | 159 | 187 | 234 | 271 | 253 | 219 | 353 |
| Expenses + | 115 | 133 | 122 | 135 | 168 | 196 | 200 | 181 | 283 |
| Operating Profit | 44 | 54 | 37 | 52 | 66 | 75 | 53 | 38 | 70 |
| OPM % | 28% | 29% | 23% | 28% | 28% | 28% | 21% | 17% | 20% |
| Other Income + | 5 | 9 | 12 | 8 | 8 | 8 | 20 | 21 | 22 |
| Interest | 6 | 1 | 5 | 0 | 0 | 0 | 1 | 1 | 0 |
| Depreciation | 4 | 6 | 6 | 8 | 11 | 13 | 19 | 25 | 29 |
| Profit before tax | 40 | 56 | 38 | 53 | 62 | 69 | 54 | 33 | 63 |
| Tax % | 36% | 28% | 26% | 28% | 26% | 26% | 26% | 26% | 25% |
| Net Profit + | 25 | 40 | 28 | 38 | 46 | 51 | 40 | 24 | 47 |
| EPS in Rs | 469.10 | 747.45 | 465.55 | 552.67 | 16.76 | 16.73 | 12.99 | 7.98 | 15.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 20% | 20% | 20% | 33% | 21% |
Financials of Divgi Torqtransfer Systems Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 6 | 7 | 14 | 15 | 15 | 15 | 15 |
| Reserves | 91 | 227 | 204 | 289 | 326 | 536 | 565 | 581 | 620 |
| Borrowings + | 49 | 2 | 51 | 1 | 0 | 3 | 2 | 1 | 2 |
| Other Liabilities + | 40 | 45 | 46 | 69 | 68 | 93 | 63 | 66 | 94 |
| Total Liabilities | 185 | 279 | 306 | 366 | 408 | 646 | 644 | 664 | 731 |
| Fixed Assets + | 72 | 78 | 89 | 105 | 112 | 117 | 227 | 255 | 260 |
| CWIP | 2 | 9 | 6 | 6 | 28 | 93 | 26 | 2 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 111 | 191 | 211 | 254 | 268 | 437 | 392 | 406 | 454 |
| Total Assets | 185 | 279 | 306 | 366 | 408 | 646 | 644 | 664 | 731 |
Financials of Divgi Torqtransfer Systems Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 38 | 27 | 51 | 41 | 32 | 35 | 41 | ||
| Cash from Investing Activity + | -24 | -25 | -51 | -213 | 6 | -43 | -16 | ||
| Cash from Financing Activity + | -6 | -3 | -3 | 160 | -12 | -9 | -9 | ||
| Net Cash Flow | 8 | -0 | -3 | -13 | 27 | -16 | 16 | ||
| Free Cash Flow | 25 | 1 | 11 | -28 | -45 | 9 | -3 | ||
| CFO/OP | 134% | 75% | 101% | 78% | 88% | 112% | 79% |
Financials of Divgi Torqtransfer Systems Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 74 | 54 | 107 | 82 | 99 | 91 | 92 | 82 |
| Inventory Days | 139 | 108 | 146 | 161 | 129 | 119 | 133 | 173 | 157 |
| Days Payable | 162 | 112 | 145 | 217 | 155 | 151 | 129 | 167 | 160 |
| Cash Conversion Cycle | 62 | 70 | 54 | 51 | 57 | 66 | 95 | 99 | 78 |
| Working Capital Days | 59 | 42 | -72 | 64 | 52 | 48 | 91 | 95 | 69 |
| ROCE % | 30% | 17% | 19% | 20% | 15% | 10% | 6% | 10% |
Guidance history
How Divgi Torqtransfer Systems Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
40 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +53.1% | 86% |
| Last 6 months | +30.5% | 81% |
| Last 3 months | −0.3% | 65% |
The price is 26.4% below its all-time high of ₹1,301.05 (14 Aug 2026). Stocks more than 20% below their peak have their score halved, so 80 became 40.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Divgi Torqtransfer Systems Ltd: 0.4 × 86 + 0.4 × 81 + 0.2 × 65 = 80, halved to 40 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Divgi Torqtransfer Systems Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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