Divgi Torqtransfer Systems Ltd

Divgi Torqtransfer Systems Ltd

₹ 645 -1.31%
22 Nov - close price
About

Incorporated in 1964, Divgi Torqtransfer
System Ltd manufactures Auto Components
and Parts[1]

Key Points

Business Overview:[1][2]
Divgi TTS is India’s largest EV Transmission manufacturer. It provides solutions in Manual Transmission and Automatic Transmission. Company specializes in crafting drivetrain systems and related components for a diverse array of vehicles, spanning passenger cars, utility vehicles, commercial vehicles, and agri-
cultural machinery.

  • Market Cap 1,972 Cr.
  • Current Price 645
  • High / Low 1,100 / 571
  • Stock P/E 60.9
  • Book Value 192
  • Dividend Yield 0.40 %
  • ROCE 9.52 %
  • 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 3.36 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.20.1 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.

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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 Sep 2024
58.31 63.57 70.14 63.99 73.34 56.57 68.75 63.05 65.06 54.23 53.96
45.31 45.06 51.57 45.88 54.06 43.83 54.47 50.15 51.92 45.49 42.61
Operating Profit 13.00 18.51 18.57 18.11 19.28 12.74 14.28 12.90 13.14 8.74 11.35
OPM % 22.29% 29.12% 26.48% 28.30% 26.29% 22.52% 20.77% 20.46% 20.20% 16.12% 21.03%
4.94 1.08 2.76 1.17 2.62 5.05 4.79 4.63 5.10 5.15 5.25
Interest 0.06 0.02 0.12 0.02 0.12 0.07 0.08 0.05 0.21 0.06 0.10
Depreciation 2.90 3.14 3.14 3.04 3.67 3.64 4.53 4.84 5.68 5.76 5.97
Profit before tax 14.98 16.43 18.07 16.22 18.11 14.08 14.46 12.64 12.35 8.07 10.53
Tax % 22.56% 25.62% 25.62% 25.71% 25.73% 25.92% 25.86% 25.87% 25.43% 26.02% 25.55%
11.61 12.22 13.44 12.05 13.45 10.43 10.72 9.37 9.21 5.96 7.84
EPS in Rs 4.22 4.44 4.88 4.38 4.40 3.41 3.51 3.06 3.01 1.95 2.56
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
159 187 159 187 234 271 253 236
115 133 122 135 168 196 200 190
Operating Profit 44 54 37 52 66 75 53 46
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 22
Profit before tax 40 56 38 53 62 69 54 44
Tax % 36% 28% 26% 28% 26% 26% 26%
25 40 28 38 46 51 40 32
EPS in Rs 469.10 747.45 465.55 552.67 16.76 16.73 12.99 10.58
Dividend Payout % 0% 0% 6% 0% 20% 20% 20%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 11%
TTM: -10%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 1%
TTM: -31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -40%
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 Sep 2024
Equity Capital 5 5 6 7 14 15 15 15
Reserves 91 227 204 289 326 536 565 571
49 2 0 1 0 3 2 1
40 45 96 69 68 93 63 57
Total Liabilities 185 279 306 366 408 646 644 644
72 78 89 105 112 117 227 233
CWIP 2 9 6 6 28 93 26 23
Investments 0 0 0 0 0 0 0 0
111 191 211 254 268 437 392 387
Total Assets 185 279 306 366 408 646 644 644

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 2024Sep 2024
60.49% 60.49% 60.49% 60.49% 60.49% 60.49% 60.49%
1.08% 3.09% 3.63% 3.57% 2.94% 2.69% 1.74%
28.48% 26.22% 25.47% 25.08% 25.42% 24.90% 25.69%
9.97% 10.20% 10.41% 10.86% 11.15% 11.94% 12.10%
No. of Shareholders 15,07714,48816,95119,18720,67122,34323,778

* 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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