Divgi Torqtransfer Systems Ltd

Divgi Torq Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Divgi Torqtransfer Systems Ltd

₹ 603 -0.17%
17 Sep - close price
divgi-tts.com BSE: 543812 NSE: DIVGIITTS
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

Market Position
The company is an automotive component entity that provides system-level transfer cases, torque couplers, and DCT solutions. It is the only manufacturer and exporter of transfer cases in India. It has also developed transmission systems for EVs. [1]

Website BSE NSE
  • Market Cap ₹ 1,844 Cr.
  • Current Price ₹ 603
  • High / Low ₹ 1,150 / 573
  • Stock P/E 52.3
  • Book Value ₹ 190
  • Dividend Yield 0.43 %
  • ROCE 9.52 %
  • ROE 7.02 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.0%

Cons

  • Stock is trading at 3.18 times its book value
  • The company has delivered a poor sales growth of 6.28% over past five years.
  • Company has a low return on equity of 10.3% over last 3 years.
  • Earnings include an other income of Rs.19.7 Cr.
  • Working capital days have increased from 64.6 days to 91.9 days

* 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 Mar 2024 Jun 2024
58.31 63.57 70.14 63.99 73.34 56.57 68.75 63.05 65.06 54.23
45.31 45.06 51.57 45.88 54.06 43.83 54.47 50.15 51.92 45.49
Operating Profit 13.00 18.51 18.57 18.11 19.28 12.74 14.28 12.90 13.14 8.74
OPM % 22.29% 29.12% 26.48% 28.30% 26.29% 22.52% 20.77% 20.46% 20.20% 16.12%
4.94 1.08 2.76 1.17 2.62 5.05 4.79 4.63 5.10 5.15
Interest 0.06 0.02 0.12 0.02 0.12 0.07 0.08 0.05 0.21 0.06
Depreciation 2.90 3.14 3.14 3.04 3.67 3.64 4.53 4.84 5.68 5.76
Profit before tax 14.98 16.43 18.07 16.22 18.11 14.08 14.46 12.64 12.35 8.07
Tax % 22.56% 25.62% 25.62% 25.71% 25.73% 25.92% 25.86% 25.87% 25.43% 26.02%
11.61 12.22 13.44 12.05 13.45 10.43 10.72 9.37 9.21 5.96
EPS in Rs 4.22 4.44 4.88 4.38 4.40 3.41 3.51 3.06 3.01 1.95
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
159 187 159 187 234 271 253 251
115 133 122 135 168 196 200 202
Operating Profit 44 54 37 52 66 75 53 49
OPM % 28% 29% 23% 28% 28% 28% 21% 20%
5 9 12 8 8 8 20 20
Interest 6 1 5 0 0 0 1 0
Depreciation 4 6 6 8 11 13 19 21
Profit before tax 40 56 38 53 62 69 54 48
Tax % 36% 28% 26% 28% 26% 26% 26%
25 40 28 38 46 51 40 35
EPS in Rs 469.10 747.45 465.55 552.67 16.76 16.73 12.99 11.53
Dividend Payout % 0% 0% 6% 0% 20% 20% 20%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 11%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 1%
TTM: -29%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -37%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 10%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 6 7 14 15 15
Reserves 91 227 204 289 326 536 565
49 2 0 1 0 3 2
40 45 96 69 68 93 63
Total Liabilities 185 279 306 366 408 646 644
72 78 89 105 112 117 227
CWIP 2 9 6 6 28 93 26
Investments 0 0 0 0 0 0 0
111 191 211 254 268 437 392
Total Assets 185 279 306 366 408 646 644

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
38 27 51 41 32
-24 -25 -51 -213 6
-6 -3 -3 160 -12
Net Cash Flow 8 -0 -3 -13 27

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 85 74 54 107 82 99 91
Inventory Days 139 108 146 161 129 119 133
Days Payable 162 112 144 217 155 151 129
Cash Conversion Cycle 62 70 55 51 57 66 95
Working Capital Days 59 42 -72 65 53 49 92
ROCE % 30% 19% 21% 20% 15% 10%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
60.49% 60.49% 60.49% 60.49% 60.49% 60.49%
1.08% 3.09% 3.63% 3.57% 2.94% 2.69%
28.48% 26.22% 25.47% 25.08% 25.42% 24.90%
9.97% 10.20% 10.41% 10.86% 11.15% 11.94%
No. of Shareholders 15,07714,48816,95119,18720,67122,343

* 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.

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Documents

Announcements

Annual reports

DRHP

Concalls