Divgi Torqtransfer Systems Ltd
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]
- Market Cap ₹ 2,032 Cr.
- Current Price ₹ 665
- High / Low ₹ 1,150 / 639
- Stock P/E 51.1
- Book Value ₹ 190
- Dividend Yield 0.50 %
- ROCE 9.50 %
- ROE 7.02 %
- Face Value ₹ 5.00
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 3.50 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.19.6 Cr.
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
159 | 187 | 159 | 187 | 234 | 271 | 253 | |
115 | 133 | 122 | 135 | 168 | 196 | 200 | |
Operating Profit | 44 | 54 | 37 | 52 | 66 | 75 | 53 |
OPM % | 28% | 29% | 23% | 28% | 28% | 28% | 21% |
5 | 9 | 12 | 8 | 8 | 8 | 20 | |
Interest | 6 | 1 | 5 | 0 | 0 | 0 | 0 |
Depreciation | 4 | 6 | 6 | 8 | 11 | 13 | 19 |
Profit before tax | 40 | 56 | 38 | 53 | 62 | 69 | 54 |
Tax % | 36% | 28% | 26% | 28% | 26% | 26% | 26% |
25 | 40 | 28 | 38 | 46 | 51 | 40 | |
EPS in Rs | 469.10 | 747.45 | 465.55 | 552.67 | 16.76 | 16.73 | 12.99 |
Dividend Payout % | 0% | 0% | 6% | 0% | 20% | 20% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 11% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 1% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -28% |
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 |
Preference Capital | 0 | 2 | 0 | 0 | 0 | 0 | |
49 | 1 | 0 | 1 | 0 | 3 | 2 | |
40 | 46 | 96 | 69 | 68 | 93 | 59 | |
Total Liabilities | 185 | 279 | 306 | 366 | 408 | 646 | 641 |
72 | 78 | 89 | 105 | 112 | 117 | 227 | |
CWIP | 2 | 9 | 6 | 6 | 28 | 93 | 25 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
111 | 191 | 211 | 254 | 268 | 437 | 389 | |
Total Assets | 185 | 279 | 306 | 366 | 408 | 646 | 641 |
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 | 123 |
Days Payable | 162 | 112 | 144 | 217 | 155 | 151 | 129 |
Cash Conversion Cycle | 62 | 70 | 55 | 51 | 57 | 66 | 84 |
Working Capital Days | 59 | 42 | -72 | 65 | 53 | 49 | 88 |
ROCE % | 30% | 19% | 21% | 20% | 15% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Jun - Schedule of Investor meetings for June 28, 2024 and July 01, 2024.
- Closure of Trading Window 26 Jun
- Board Meeting Outcome for Outcome Of Board Meeting Held On June 25, 2024. 25 Jun
- Regulation 33 Of SEBI Listing Regulations, 2015- Statement On Impact Of Audit Qualifications 17 Jun
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Jun - Schedule of Investor meetings to be held on 18/06/2024 and 19/06/2024.
Concalls
-
May 2024Transcript PPT
-
May 2024TranscriptNotesPPT
-
May 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT
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]