Divgi TorqTransfer Systems Ltd
NSE:DIVGIITTS
Divgi TorqTransfer Systems Ltd
Divgi TorqTransfer Systems Pvt Ltd. develops and supplies automotive transmission and transfer case components, subsystems and complete systems. The company is headquartered in Pune, Maharashtra and currently employs 278 full-time employees. The company went IPO on 2023-03-14. The firm develops and provides system-level transfer cases, torque couplers and dual clutch automatic transmission (DCT) solutions. The company is also engaged in supplying engineered, turnkey solutions and components to automotive original equipment manufacturers (OEMs) in India, the United States, China, Korea, Russia and others. The firm designs, manufactures and supplies a variety of products, such as torque transfer systems (which includes four wheel-drive (4WD) and all-wheel-drive (AWD) products); synchronizer systems for manual transmissions and DCT, and components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and electric vehicles (EVs). The company has also developed transmission systems for EVs; DCT systems, and rear wheel drive manual transmissions.
Divgi TorqTransfer Systems Pvt Ltd. develops and supplies automotive transmission and transfer case components, subsystems and complete systems. The company is headquartered in Pune, Maharashtra and currently employs 278 full-time employees. The company went IPO on 2023-03-14. The firm develops and provides system-level transfer cases, torque couplers and dual clutch automatic transmission (DCT) solutions. The company is also engaged in supplying engineered, turnkey solutions and components to automotive original equipment manufacturers (OEMs) in India, the United States, China, Korea, Russia and others. The firm designs, manufactures and supplies a variety of products, such as torque transfer systems (which includes four wheel-drive (4WD) and all-wheel-drive (AWD) products); synchronizer systems for manual transmissions and DCT, and components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and electric vehicles (EVs). The company has also developed transmission systems for EVs; DCT systems, and rear wheel drive manual transmissions.
Record Revenue: Divgi TorqTransfer delivered its highest ever quarterly and 9-month total income in Q3 FY '26, with strong year-on-year and sequential growth.
Export Milestone: Major order wins from Mahindra & Mahindra and Tata Motors for exclusive supply of transfer cases to Indonesian pickup programs, adding 70,000 incremental units.
Components Surge: The Components business grew 117% year-on-year for 9M FY '26, led by exports, and management expects momentum to continue.
Profitability: EBITDA margin remained robust at around 24% for the quarter and 9 months; PAT grew 125% YoY in Q3.
Guidance Reiterated: Management reaffirmed its 12–15% CAGR growth aspiration over five years and remains confident based on pipeline and order book.
Capacity & Utilization: Transfer case capacity is sufficient for further ramp-up; current utilization is about 50%, with flexibility to redeploy assets among verticals.
EV Transmission Traction: EV segment saw improvement but below expectations; capacity utilization still low but expected to rise with new products and growing India EV adoption.
Strategic Moves: Plans for US manufacturing footprint under evaluation and deepening ties with Toyota Tsusho for Japanese OEM access.
