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DIVGIITTS - Divgi Torq

📊 NSE: DIVGIITTS 🏢 Auto Ancillaries 📅 Last Updated: 12/13/2025 21:35

📢 Recent Corporate Announcements

Divgi Torqtransfer Systems Schedules 1x1 Investor Meeting for March 14, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Mar 2026, 03:31 PM

Divgi Torqtransfer Systems Limited has scheduled a physical 1x1 meeting with institutional investors and analysts on March 14, 2026. The meeting is organized by Avendus Spark and will take place in Pune starting at 09:00 A.M. The discussion will cover the overall business situation of the company. The management has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during the session.

Meeting scheduled for March 14, 2026, starting at 09:00 A.M.
Interaction format is a physical 1x1 meeting in Pune organized by Avendus Spark
Agenda focuses on discussing the overall business situation and outlook
Company confirms no Unpublished Price Sensitive Information (UPSI) will be disclosed

💡 Investors should monitor the exchange filings for any investor presentations or transcripts that may be released following the meeting to gain insights into the company's business outlook.

Divgi Torqtransfer Systems Reschedules Investor Meet to March 13, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Mar 2026, 11:36 AM

Divgi Torqtransfer Systems Limited has announced a minor rescheduling of its upcoming Analyst and Institutional Investor meeting. Originally slated for March 12, 2026, at 2:00 PM IST, the meeting will now occur on March 13, 2026, starting at 12:30 PM IST. The company cited unforeseen exigencies for this one-day delay. This is a routine administrative update provided to the stock exchanges under SEBI (LODR) Regulations.

Meeting rescheduled from March 12, 2026, to March 13, 2026
New meeting time confirmed for 12:30 PM IST onwards
Change attributed to internal exigencies as per the regulatory filing
Announcement made in compliance with Regulation 30 of SEBI (LODR) Regulations

💡 No immediate action is required as this is a routine scheduling update. Investors should monitor for any investor presentations or transcripts released following the meeting on March 13.

Divgi Torqtransfer Systems Schedules Investor Meet for March 12, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Mar 2026, 05:14 PM

Divgi Torqtransfer Systems Limited has announced a physical group meeting with analysts and institutional investors scheduled for March 12, 2026. The meeting is organized by ICICI Securities and will take place in Pune starting from 2:00 PM. The discussion will focus on the overall business situation of the company. The management has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session.

Group meeting with investors and analysts scheduled for March 12, 2026, at 2:00 PM
Event organized by ICICI Securities as a physical meeting in Pune
Discussion to cover the company's overall business situation and performance
Compliance disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

💡 Investors should watch for any post-meeting presentations or transcripts filed with the exchanges to gain insights into the company's future outlook. No immediate trading action is necessary based on this routine scheduling update.

Divgi Torqtransfer Systems Cancels Analyst/Investor Meeting Scheduled for March 06, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Mar 2026, 04:07 PM

Divgi Torqtransfer Systems Limited has announced the cancellation of its scheduled meeting with analysts and institutional investors. The meeting was originally slated to take place on Friday, March 06, 2026, from 10:00 am IST onwards. The company attributed the cancellation to unforeseen exigencies. This update follows the initial scheduling announcement made just one day prior on March 02, 2026.

Cancellation of the Analyst/Institutional Investor meeting scheduled for March 06, 2026
The meeting was originally planned to commence at 10:00 am IST
Company cited 'exigencies' as the reason for the sudden cancellation
The notification was filed under Regulation 30 (6) of SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine administrative update. Investors should watch for a rescheduled date to stay informed about the company's operational outlook.

Divgi Torqtransfer Systems Schedules Institutional Investor Meet for March 6, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 09:05 PM

Divgi Torqtransfer Systems Limited has announced a physical meeting with analysts and institutional investors scheduled for March 06, 2026, in Mumbai. The session is slated to begin at 10:00 A.M. and will consist of both 1x1 and group interactions. The management intends to discuss the overall business situation and current industry trends. The company has explicitly stated that no unpublished price sensitive information will be disclosed during these meetings.

Meeting date set for March 06, 2026, starting from 10:00 A.M. onwards.
The interaction will take place physically in Mumbai through 1x1 and group formats.
Discussions will center on the overall business environment without sharing UPSI.
The announcement is made in compliance with SEBI (LODR) Regulations, 2015.

💡 Investors should look for any subsequent investor presentations or meeting transcripts filed with the exchanges for insights into the company's strategic direction.

Divgi TorqTransfer Reports Record Q3 FY26 Income; Secures 70,000 Unit Export Order

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 20 Feb 2026, 04:28 PM

Divgi TorqTransfer Systems achieved its highest-ever quarterly total income in Q3 FY26, with revenue run rates now approaching the INR 90-100 crore range. The company secured major export orders from Mahindra & Mahindra and Tata Motors for 35,000 units each for the Indonesian market, providing strong volume visibility for FY27. Performance for the first nine months of FY26 has already surpassed the full-year income levels of both FY24 and FY25. Management is also evaluating a manufacturing footprint in the United States to deepen its global presence.

Achieved highest ever quarterly total income in Q3 FY26, surpassing the previous record set in Q2 FY26.
Secured exclusive supply orders for 70,000 pickup truck units (35k each for M&M and Tata) for the Indonesian market.
9M FY26 income levels have already exceeded the total annual income of both FY24 and FY25.
Quarterly revenue run rate is nearing the INR 90-100 crore range, signaling a new growth phase.
Successful proof of concept for a Japanese OEM platform with Start of Production (SOP) expected in H1 FY28.

💡 The company is demonstrating strong execution and recovery with record-breaking financials and significant new export contracts. Investors should maintain a positive outlook given the clear medium-term volume visibility and strategic expansion into Japanese and US markets.

Divgi Torqtransfer Systems to Meet Institutional Investors on February 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 04:20 PM

Divgi Torqtransfer Systems Limited has scheduled a meeting with institutional investors and analysts on February 23, 2026, in Mumbai. The engagement will begin at 09:00 A.M. and include both one-on-one and group meeting formats. The company intends to discuss the overall business situation and operational environment during these sessions. Management has clarified that no Unpublished Price Sensitive Information (UPSI) will be shared during the interaction.

Investor and Analyst meet scheduled for February 23, 2026, in Mumbai.
The meeting will commence at 09:00 A.M. featuring 1x1 and Group interactions.
Discussion will focus on the general business situation and industry outlook.
The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be disclosed.
The schedule is subject to change based on any unforeseen exigencies.

💡 Investors should monitor for any subsequent investor presentations or transcripts filed with the exchanges for insights into management's business outlook. No immediate trading action is required based on this routine scheduling notification.

Divgi Torqtransfer Systems Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Feb 2026, 02:37 PM

Divgi Torqtransfer Systems has officially released the audio recording of its earnings conference call held on February 13, 2026. The call addressed the company's unaudited financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations to ensure transparency for all stakeholders. Investors can access the full recording via the company's investor relations portal.

Audio recording of the Earnings Call held on February 13, 2026, is now publicly available.
The call discussed financial results for the quarter and nine months ended December 31, 2025.
Compliance filing made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations.
The recording is hosted on the company's official website for investor access.

💡 Investors should listen to the recording to understand management's commentary on the company's growth trajectory and operational challenges. Pay close attention to any guidance provided regarding the automotive component sector's outlook.

Divgi Torqtransfer Q3 PAT Surges 125% YoY; Secures Major Orders from M&M and Tata Motors

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 08:02 PM

Divgi Torqtransfer reported its highest-ever quarterly revenue of ₹96.3 crore in Q3FY26, marking a 68% YoY growth. Net profit for the quarter skyrocketed by 125% YoY to ₹11.8 crore, driven by strong momentum in the transfer case and components segments. The company secured significant export-linked orders from Mahindra & Mahindra and Tata Motors for the Indonesian market, totaling approximately 70,000 units with production starting in CY26. Additionally, the export business showed robust growth, contributing 17% to the 9MFY26 revenue mix.

9MFY26 Total Income rose 48% YoY to ₹261.4 crore, already surpassing full-year FY24 and FY25 levels.
Q3FY26 PAT grew 125% YoY to ₹11.8 crore with a healthy EBITDA margin of 24.3%.
Secured exclusive transfer case orders for ~70,000 units from M&M and Tata Motors for the Indonesian market starting CY26.
Component business revenue surged 124% YoY in Q3FY26, driven by strong global demand.
Export revenue run-rate reached ~₹19 crore per quarter, nearing the medium-term target of 20-25% revenue share.

💡 The company is entering a high-growth phase with record revenues and significant new order wins from top-tier OEMs. Investors should monitor the execution of the Indonesian export program and the progress of automatic transmission localization as key future catalysts.

Divgi Torqtransfer Extends Timeline for ₹80.11 Cr Unutilized IPO Capex Funds to FY27

🔵 WATCH ⭐ 6/10

REGULATORY 📅 12 Feb 2026, 06:50 PM

Divgi Torqtransfer Systems has announced an extension for utilizing ₹80.114 crores of its IPO proceeds originally intended for capital expenditure. Out of the ₹150.707 crores earmarked for machinery and equipment, the company has utilized ₹70.593 crores as of December 31, 2025. The remaining funds are now scheduled to be deployed during FY 2026-2027 instead of the original timeline. The delay is attributed to long lead times for complex machinery and macroeconomic uncertainties affecting negotiation cycles.

₹80.114 crores of IPO proceeds remain unutilized out of the ₹150.707 crores allocated for Capex.
The company has utilized ₹70.593 crores (approx 47%) for manufacturing equipment as of December 31, 2025.
The timeline for full deployment of the remaining funds has been extended to FY 2026-2027.
Delays are attributed to longer supplier lead times for complex machinery and extended negotiation cycles.
Unutilized funds are currently parked in permitted interest-bearing instruments until deployment.

💡 Investors should monitor if the delay in machinery installation impacts the company's production capacity and revenue growth targets for the next two fiscal years. The extension suggests a slower-than-anticipated ramp-up in manufacturing capabilities.

Divgi Torqtransfer Systems Reports Zero Deviation in Utilization of ₹180 Crore IPO Proceeds

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 12 Feb 2026, 06:37 PM

Divgi Torqtransfer Systems Limited has submitted its statement of deviation for the quarter ended December 31, 2025, regarding its IPO proceeds. The company raised ₹180 crores through a fresh issue in March 2023 as part of a larger ₹412.12 crore IPO. The filing confirms that there has been no deviation or variation in the utilization of these funds from the objects stated in the prospectus. The monitoring agency, ICRA Limited, and the company's Audit Committee have reviewed and verified this utilization.

Raised ₹180 crores through the fresh issue portion of the IPO in March 2023.
Reported zero (NIL) deviation or variation in fund utilization for the quarter ended December 31, 2025.
ICRA Limited is the appointed monitoring agency overseeing the fund deployment.
The total IPO size including the Offer for Sale (OFS) component was ₹412.12 crores.
Filing confirms compliance with Regulation 32(1) of SEBI LODR Regulations.

💡 This is a routine regulatory filing that confirms the company is following its stated financial plan; no immediate action is required from investors.

Divgi Torqtransfer Q3 FY26 PAT Jumps 125% YoY to ₹117.7 Million; Revenue Up 73%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 06:15 PM

Divgi Torqtransfer Systems reported a robust performance for the quarter ended December 31, 2025, with revenue from operations growing 72.6% YoY to ₹906.21 million. Net profit surged by 124.8% YoY to ₹117.67 million, reflecting strong operational scaling. On a sequential basis, the company maintained steady growth with revenue and profit increasing by approximately 9.2% and 9.5% respectively. The company continues to hold ₹802.35 million in unutilized IPO proceeds, primarily earmarked for future capital expenditure in manufacturing equipment.

Revenue from operations grew 72.6% YoY to ₹906.21 million compared to ₹525.10 million in Q3 FY25.
Net profit for the quarter stood at ₹117.67 million, a significant increase from ₹52.35 million in the same period last year.
9M FY26 revenue reached ₹2,452.66 million, already exceeding the full-year FY25 revenue of ₹2,189.17 million.
Earnings Per Share (EPS) for the quarter rose to ₹3.85 from ₹1.71 in the year-ago period.
The company has utilized ₹894.27 million of its IPO proceeds, with ₹801.14 million still available for planned machinery and equipment purchases.

💡 The company is demonstrating strong growth momentum with 9M performance already surpassing previous full-year figures. Investors should monitor the timely deployment of remaining IPO funds into capex as a catalyst for further capacity expansion.

Divgi TorqTransfer Secures Exclusive Order for 35,000 Transfer Case Units from M&M

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 11 Feb 2026, 06:23 PM

Divgi TorqTransfer Systems has secured an exclusive order from Mahindra & Mahindra (M&M) to supply 4x4 transfer case systems for the Scorpio Pik-Up export program to Indonesia. The order involves approximately 35,000 units with production and deliveries scheduled to begin in CY 2026. As the sole supplier for this platform, the company will utilize its existing manufacturing capacity, requiring no major incremental capital expenditure. This development reinforces Divgi's leadership in the drivetrain segment and its strategic partnership with a key domestic OEM for global markets.

Exclusive order for 35,000 units of 4x4 transfer case systems from Mahindra & Mahindra.
Order supports M&M's Scorpio Pik-Up export program to Indonesia starting in CY 2026.
Divgi TorqTransfer will act as the sole supplier for this specific vehicle platform.
Incremental volumes will be serviced through existing facilities with no major incremental Capex.
Reinforces position as the only domestic player and a global leader in the transfer case segment.

💡 Investors should view this as a positive development for long-term revenue visibility and margin stability due to the lack of required Capex. Monitor the execution timeline in CY 2026 and potential for further export-led orders from M&M's global platforms.

Divgi Torqtransfer Systems Schedules Q3 & 9MFY26 Earnings Call for February 13, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 09 Feb 2026, 11:53 AM

Divgi Torqtransfer Systems Limited (DIVGIITTS) has scheduled its earnings conference call for February 13, 2026, at 12:00 PM IST. The call will focus on the standalone unaudited financial results for the third quarter and nine-month period ended December 31, 2025. Top management, including the Managing Director, CFO, and Chief Growth Officer, will be present to discuss performance and outlook. The session is organized by Centrum Broking and provides multiple international dial-in options for global investors.

Earnings conference call scheduled for February 13, 2026, at 12:00 PM IST.
Discussion to cover standalone unaudited results for Q3 and 9MFY2026.
Full management team participation including MD Jitendra Divgi and CFO Sudhir Mirjankar.
Universal dial-in numbers provided: +91 22 6280 1210 / +91 22 7115 8111.

💡 Investors should monitor the call for updates on new order wins and the company's expansion into the electric vehicle component segment. It is a key opportunity to evaluate management's guidance for the final quarter of FY26.

Divgi Torqtransfer Systems Submits SEBI Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jan 2026, 12:11 PM

Divgi Torqtransfer Systems has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all share dematerialization requests for the quarter ended December 31, 2025, were processed within prescribed timelines. It verifies that physical certificates were mutilated and cancelled after due verification. This is a standard administrative filing ensuring the accuracy of the company's shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited
Confirms dematerialization requests were accepted or rejected within mandated timelines
Ensures security certificates were mutilated and cancelled after verification by the depository participant

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming quarterly financial performance.

View All DIVGIITTS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, Transfer Case revenue grew 51% YoY to INR 42.7 Cr, Components grew 151% YoY to INR 29.1 Cr, and E-Gear Drive grew 1% YoY to INR 6.1 Cr. Other segments grew 5.6x to INR 18.3 Cr. Total H1 FY26 revenue grew 39% YoY to INR 165.1 Cr.

Geographic Revenue Split

Domestic revenue contributed 79% and Exports contributed 21% of total revenue in Q2 FY26. H1 FY26 export share was 16%, progressing toward a medium-term target of 20-25%.

Profitability Margins

Gross Profit Margin was 63.3% in Q2 FY26, consistent with 63.4% in Q2 FY25. PAT Margin improved to 12.2% in Q2 FY26 from 11.6% in Q1 FY26, driven by higher volumes and a favorable sales mix of high-margin component exports.

EBITDA Margin

EBITDA Margin for Q2 FY26 was 24.9%, a decrease from 28.0% in Q2 FY25. H1 FY26 EBITDA Margin stood at 24.9% compared to 25.7% in H1 FY25, reflecting better capacity utilization and cost absorption from higher volumes.

Capital Expenditure

Net Cash from Investing Activities was INR 42.5 Cr in FY25. The company installed machinery over the last 6 months to support high volumes in export markets, leading to increased depreciation expenses.

Credit Rating & Borrowing

The company maintains a debt-equity ratio of 0.00. Total borrowings were INR 2.32 million in FY25, down from INR 3.52 million in FY24. Interest expense was minimal at INR 0.1 Cr in Q2 FY26.

⚙️ Operational Drivers

Raw Materials

Raw materials and specialized components represent 36.7% of total income (INR 32.4 Cr in Q2 FY26). Specific material names like steel are not explicitly listed but are implied in the components business.

Capacity Expansion

Current capacity is not specified in units, but management noted 'better capacity utilization' and the installation of new machinery in the last 6 months to support export growth.

Raw Material Costs

Raw material costs were INR 60.9 Cr in H1 FY26, representing 36.9% of total income, up from INR 45.1 Cr in H1 FY25. Procurement is managed through lean manufacturing principles to optimize costs.

Manufacturing Efficiency

Efficiency is driven by lean manufacturing principles and improved fixed cost absorption from higher production volumes, maintaining EBITDA margins above 24%.

Logistics & Distribution

Logistics are impacted by the long sea route to the US (Port of Charleston), with payments received 45 days after receipt at Tier 1 customers, necessitating higher working capital deployment.

📈 Strategic Growth

Expected Growth Rate

39%

Growth Strategy

Growth is targeted by doubling export revenue in FY26 through new contracts, including a program expected to generate INR 90+ Cr annually. The company secured a nomination from a Japanese OEM for a pickup truck transfer case with SOP in FY28 and is collaborating with a leading Indian OEM on upcoming platforms.

Products & Services

NexTrac Transfer Cases, E-Gear Drives, Synchronizers, and specialized automotive components.

Brand Portfolio

NexTrac.

New Products/Services

New export component program shipping 1 million+ parts annually (INR 90+ Cr potential) and a transfer case for a Japanese OEM pickup platform (SOP FY28).

Market Expansion

Targeting an export revenue share of 20-25% (currently 16% in H1 FY26) and expanding presence in four countries.

Market Share & Ranking

Described as a prominent leader in the drivetrain market; specific market share percentage not disclosed.

Strategic Alliances

Collaboration with Toyota Tsusho for a contract valued at INR 62 Cr and long-term relationships with anchor customer Mahindra.

🌍 External Factors

Industry Trends

The industry is shifting toward EVs (currently a subdued segment for the company) and global OEMs are increasingly evaluating the carbon footprint of suppliers.

Competitive Landscape

Intense global competition driven by cost efficiency and production volume; company competes via lean manufacturing and ISO 14000 environmental certifications.

Competitive Moat

Moat is built on lean manufacturing cost leadership and deep integration with OEMs where drivetrain aggregates are carryover products for next-generation platforms, ensuring 5-7 year contract longevity.

Macro Economic Sensitivity

Revenue is highly sensitive to automobile demand; an economic downturn leading to a decline in vehicle sales would directly impact the 79% domestic revenue base.

Consumer Behavior

Shift toward SUVs and 4WD vehicles drives demand for Transfer Cases, which saw 42% YoY volume growth in H1 FY26.

Geopolitical Risks

Volatility in the Suez Canal route impacts the 10,000 km supply chain to the US, affecting delivery timelines and working capital for the export business.