Divgi Torqtransfer Systems Ltd

Divgi Torqtransfer Systems Ltd

₹ 828 -0.47%
26 Apr - close price
About

Incorporated in 1964, Divgi Torqtransfer system is one of the leading players supplying transfer case systems to automotive OEMs and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.[1]

Key Points

Leading Auto Ancillary company[1] Co. is amongst the few automotive component entities in India that have the capability to develop and provide system-level transfer cases, torque couplers, and dual-clutch automatic transmissions (“DCT”) solutions.
They are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of
torque couplers in India.[1]

  • Market Cap 2,533 Cr.
  • Current Price 828
  • High / Low 1,150 / 650
  • Stock P/E 57.6
  • Book Value 184
  • Dividend Yield 0.40 %
  • ROCE 15.5 %
  • ROE 11.5 %
  • Face Value 5.00

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13.3% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
58.31 63.57 70.14 63.99 73.34 56.57 68.75 63.05
45.31 45.06 51.57 45.88 54.06 43.83 54.47 50.15
Operating Profit 13.00 18.51 18.57 18.11 19.28 12.74 14.28 12.90
OPM % 22.29% 29.12% 26.48% 28.30% 26.29% 22.52% 20.77% 20.46%
4.94 1.08 2.76 1.17 2.62 5.05 4.79 4.63
Interest 0.06 0.02 0.12 0.02 0.12 0.07 0.08 0.05
Depreciation 2.90 3.14 3.14 3.04 3.67 3.64 4.53 4.84
Profit before tax 14.98 16.43 18.07 16.22 18.11 14.08 14.46 12.64
Tax % 22.56% 25.62% 25.62% 25.71% 25.73% 25.92% 25.86% 25.87%
11.61 12.22 13.44 12.05 13.45 10.43 10.72 9.37
EPS in Rs 4.22 4.44 4.88 4.38 4.40 3.41 3.51 3.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
159 187 159 187 234 271 262
115 133 122 135 168 196 203
Operating Profit 44 54 37 52 66 75 59
OPM % 28% 29% 23% 28% 28% 28% 23%
5 9 12 8 8 8 17
Interest 6 1 5 0 0 0 0
Depreciation 4 6 6 8 11 13 17
Profit before tax 40 56 38 53 62 69 59
Tax % 36% 28% 26% 28% 26% 26%
25 40 28 38 46 51 44
EPS in Rs 469.10 747.45 465.55 552.67 16.76 16.73 14.38
Dividend Payout % 0% 0% 6% 0% 20% 20%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 19%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 22%
TTM: -11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 13%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 6 7 14 15 15
Reserves 91 227 204 289 326 536 547
Preference Capital 0 2 0 0 0 0
49 1 0 1 0 3 2
40 46 96 69 68 93 89
Total Liabilities 185 279 306 366 408 646 653
72 78 89 105 112 117 211
CWIP 2 9 6 6 28 93 29
Investments 0 0 0 0 0 0 0
111 191 211 254 268 437 413
Total Assets 185 279 306 366 408 646 653

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
38 27 51 41
-24 -25 -51 -213
-6 -3 -3 160
Net Cash Flow 8 -0 -3 -13

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 85 74 54 107 82 99
Inventory Days 139 108 146 161 129 119
Days Payable 162 112 144 217 155 151
Cash Conversion Cycle 62 70 55 51 57 66
Working Capital Days 59 42 -72 65 53 49
ROCE % 30% 19% 21% 20% 15%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.49% 60.49% 60.49% 60.49% 60.49%
1.08% 3.09% 3.63% 3.57% 2.94%
28.48% 26.22% 25.47% 25.08% 25.42%
9.97% 10.20% 10.41% 10.86% 11.15%
No. of Shareholders 15,07714,48816,95119,18720,671

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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