Divgi Torqtransfer Systems Ltd. · NSE:DIVGIITTS
Divgi Torqtransfer Systems — Q2 FY2027 Earnings Presentation
48 slides from Divgi Torqtransfer Systems's earnings presentation, Nov 3, 2026
Slide 1: Cover letter to stock exchanges - Investor Presentation
Divgi TorqTransfer Systems Limited Divgi TorqTransfer Systems CIN: L32201MH1964PLC013085 75, General Block, MIDC, Bhosari, Pune 411 026, India Tel: (+91-20) 63110110 Web: www.divgi-tts.com Ref.: DTTS/Sec/26-27/64 November 03, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroz
Slide 2: Engineered to Lead - Q2 & H1FY27 Investor Presentation
ENGINEERED TO PREPARING FOR THE NEXT LEAD. ORBIT DRIVEN TO OUTPERFORM! Building on the India – Manufacturing-Technology-Global value proposition to emerge as one of the fastest growing drivetrain solution companies in the world. Divgi TorqTransfer Systems Limited Q2 & H1FY27 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Divgi TorqTransfer Systems Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Index
Index Sr. No. Contents Slide No. 1 Achieving New Quarterly Milestone – Q2FY27 4 2 Entering the Next Orbit of Growth – FY27 & Beyond 5 3 Growing Trend Across Key Segments 6-7 4 Customer Recognition 8 5 Highlights from Management 9 – 11 6 Update on Project Mayflower 12 7 Financial Performance 13 – 20
Slide 5: Achieving New Milestone
Achieving New Milestone Rs. In Crores EBITDA & PAT & Total Income EBITDA Margin (%) PAT Margin (%) Rs. Rs. Rs. Q2FY27 68% YoY 99% YoY 146% YoY 148.7 Crs 43.8 Crs 26.4 Crs Margin: 29.5% Margin: 17.8% Rs. Rs. Rs. H1FY27 76% YoY 85.4 Crs 108% YoY 51.6 Crs 162% YoY 290.5 Crs Margin: 29.4% Margin: 17.8%
Slide 6: Entering the Next Orbit of Growth – FY27 & Beyond
Entering the Next Orbit of Growth – FY27 & Beyond Rs. In Crores ~Avg. over the year FY25 FY26 FY27 & Beyond ~60crs ~93crs ~145crs 148.7 Q2 witnessed a sharp 141.8 rebound in the EV 113.8 transmission business, 88.3 96.3 59.4 59.2 64.1 76.8 alongside sustained 57.5 Total momentum in our core Transfer
Slide 7: Growing Trend Across Key Segments
Growing Trend Across Key Segments Rs. In Crores ~Avg. over the year FY25 FY26 FY27 ~27crs ~45crs ~78crs 76.0 80.4 47.0 54.1 39.3 42.7 Demand continue to be 29.4 28.2 23.9 29.0 strong. Transfer Case Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 ~6crs ~7crs ~8crs 11.4 A sharp demand surge driven by improving 7.8 7.5
Slide 8: Growing Trend Across Key Segments
Growing Trend Across Key Segments Rs. In Crores ~Avg. over the year FY25 FY26 FY27 ~1.3crs ~1.7crs ~7.5crs 8.7 6.4 3.6 Increasing penetration 1.7 1.4 of 4×4 systems. 1.1 1.4 0.9 0.9 1.0 ALH Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 ~3.5crs ~5.5crs ~7.8crs 8.3 7.3 Growth supported by 7.1 robust domestic 4.3 4.8
Slide 9: Customer Recognition | Award from Tata Motors
Customer Recognition | Award from Tata Motors Divgi Earns Tata Motors’ Recognition for Execution Excellence in Supporting Its Strategic Expansion into Indonesia. Tata Motors recognizes Divgi’s contribution on: ✓ Execution capability and agility in adapting to new programme requirements ✓ Flawless qu
Slide 10: Highlights from Management
Highlights from Management H1 FY27: Scaling growth while sustaining profitability. “H1 FY27 marks a strong start, reflecting the significant progress made in scaling our business and strengthening our operational capabilities. Our sustained investments over the years in customer engagement, technolo
Slide 11: Highlights from Management
Highlights from Management H1 FY27: Scaling growth while sustaining profitability. Segmental Highlights 1. Transfer Case : Strong Growth, Driven by Indonesia Program and Domestic Market Momentum o Continued to be the key growth driver, supported by the ramp-up of the Indonesia 4x4 program. Jitendra
Slide 12: Highlights from Management: FY27 & Beyond
Highlights from Management FY27 & Beyond 1. 4*4 Systems (Transfer Case) – Sustaining Growth & Expanding Global Footprint o Continued momentum expected from the Indonesia programme, alongside efforts to enter into newer export geographies o Incremental Indonesia volumes are expected to continue for t
Slide 13: Update on Project Mayflower | US Operations
Update on Project Mayflower | US Operations o Strengthen engagement with key customers, Improve RFQ conversion and program execution capability o Win at new customers Plan Ahead o Create foundation for future manufacturing operations in the U.S. o Pursue opportunity on products/ systems leading to h
Slide 14: Revenue Walk – H1FY27
Revenue Walk – H1FY27 Total Income Transfer Case E-Gear Drive Components & Exports Rs. In Crores +91% +30% +47% +82% Other Income Revenue from Operations 156.4 17.2 70.3 47.9 13.2 +76% 47.9 82.0 26.4 290.5 10.2 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Other Business Geographic Mix (%)
Slide 15: Revenue Walk – Q2FY27
Revenue Walk – Q2FY27 Total Income Transfer Case E-Gear Drive Components & Exports Rs. In Crores Other Income +88% +89% +23% +28% Revenue from Operations 80.4 11.4 34.4 35.9 24.6 23.4 76.0 29.1 18.3 +68% 148.7 42.7 6.1 5.7 141.8 5.6 4.6 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27
Slide 16: Financial Snapshot - H1FY27
Financial Snapshot - H1FY27 Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) +76% +108% +162% 290.5 85.4 51.6 165.1 41.1 19.7 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 EBITDA (%) Profit After Tax (%) 29.4% 17.8% 24.9% 11.9% H1FY26 H1FY27 H1FY26 H1FY27 15
Slide 17: Financial Snapshot – Q2FY27
Financial Snapshot – Q2FY27 Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) +68.4% +99.1% +146.7% 141.8 148.7 43.8 25.2 26.4 41.6 88.3 22.0 10.7 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 EBITDA (%) Profit After Tax (%) 29.4% 29.5% 17.8% 17.8% 24.9% 12
Slide 18: Key Focus Areas
Key Focus Areas Key Products Revenue (Rs. In Crores) Focus Areas Update on Other Focus Areas Automatic Transmission: • Domestic Growth: Collaborating with a leading Indian and Japanese 54% 54% automotive OEM on their upcoming platforms. • Pursuing opportunity for Front Wheel 48% 49% 47% • Export Gro
Slide 19: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. In Cr.) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Revenue From Operations 143.1 83.0 72% 137.1 4% 280.2 154.6 81% Other Income 5.6 5.4 4.6 10.2 10.5 Total Income 148.7 88.3 68% 141.8 5% 290.5 165.1 76% Raw Materials 58.2 32.4 53.2 111.4 60.9 Gross
Slide 20: Balance Sheet
Balance Sheet Particulars (Rs. In Cr.) Sept-26 Mar-26 Particulars (Rs In Cr.) Sept-26 Mar-26 Assets Equity & Liabilities Non-Current Assets Total Equity Property, plant and equipment 269.3 247.1 Equity Share Capital 15.3 15.3 Capital work-in-progress 21.1 17.7 Other Equity 671.3 620.2 Right-of-use a
Slide 21: Cashflow
Cashflow Particulars (Rs. In Cr.) Sep-26 Sep-25 Profit Before Tax 69.3 26.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 7.8 4.5 Operating profit before working capital changes 77.1 31.3 Changes in working capital -29.8 -9.9 Cash generated from Operations 47.3 21.4 Direct t
Slide 22: Future Growth Strategies
Future Growth Strategies Divgi-TTs
Slide 23: Strategic Partnership in Domestic market – Key growth catalyst
Strategic Partnership in Domestic market – Key growth catalyst Trusted Partner for Global & Leading OEMs M&M – Long term strategic TATA – Long term EV ecosystem Force Motors – Diversification relationship partnership Unlocking New Growth o Go beyond India, opportunity to o Strategic partnership to d
Slide 24: Strategic Partnership in Global market – Key growth catalyst
Strategic Partnership in Global market – Key growth catalyst Trusted Partner for Global & Leading Tier 1 BorgWarner Partnership – Most MAGNA – Expanding Global Toyota Tsusho – Entry into the Transformational Collaboration Footprint Japanese Ecosystem o Access to global drive train o Access to global
Slide 25: Progress in Our EV Transmission Business
Progress in Our EV Transmission Business Sigma Prototype NVH Quality Report Approval has been received from customer for production supplies, SOP expected to commence from H2 FY27 NVH – Noise, Vibration & Harness 24
Slide 26: Growth Strategy
Growth Strategy 4WD/AWD Products Electric Vehicle Powertrain Technology-Led Innovation Financial Discipline Pioneering Research Hawk-eye view to Fiscal Performance Manual Transmissions and Synchronizers Product & Application Diversity Manufacturing Excellence • RWD/ FWD Over 20 Years of manufacturin
Slide 27: Near Term Growth Outlook
Near Term Growth Outlook EV Transmission* Component Business Core Product Portfolio • Focus on Exports • We expect ramp up in production with • Strengthening relationships with global • Transfer Case: Globalization of our several models of one of India’s Tier 1 North American manufacturer of portfol
Slide 28: Long Term Growth Outlook
Long Term Growth Outlook • Strategy: Invest in next gen products, include additional products in driveline system, pre-development 4-Wheel Drive engagement with customers, competitiveness through localization. ~INR 300 Crores System • Focus on SUV, LCV applications in India and global market. Manual
Slide 29: About Divgi
About Divgi Divgi-TTs
Slide 30: Company Overview
Company Overview 1964 60+ 4 Our Valued Customers Incorporated Years of Manufacturing experience facilities Vision To be recognized as a world-class Indian brand in automotive drivetrain components and systems Strategies Product Leadership Total Income* EBITDA* PAT* • Technology-Led Innovation • Prod
Slide 31: Journey so far
Journey so far 1964 1995 2016 • Exit of BorgWarner through buy • Incorporated as Divgi Metalwares • Entered into a JV formation out of shares Private Limited agreement with BorgWarner • Investment by NRJN Family Trust 2017 2018 2019 2020 • Amalgamation of Divgi TorqTransfer • Investment by Oman Indi
Slide 32: Manufacturing Capabilities
Manufacturing Capabilities Area Located Sirsi, Uttara Kannada Dist., Shivare, Pune Dist., Bhosari, Pune, Maharashtra Shirwal, Satara Dist., Karnataka Maharashtra Maharashtra Year of Operations: 1984 1991 1996 2023 • EV Assembly • Components Precision Grinding and • Export Components Products: Honing
Slide 33: Product Portfolio
Product Portfolio Automatic/Dual Clutch Torque Transfer Systems Manual Transmissions Synchronizers EV Transmission Key Components Transmissions Category / Product ICE (4WD/AWD) ICE (Manual) ICE (Automatic) Hybrid BEV Torque Transfer Systems - - - - Manual Transmission - - - - Synchronizer Systems -
Slide 34: Product Application
Product Application 4WD/AWD Products Manual Transmissions and Synchronizers Electric Vehicle Transmission Next generation transmission products (Hybrid/Automatic) Representative Images 33
Slide 35: Marquee Customers
Marquee Customers Few clientele… 30+ 50+ 50+ 10+ 10+ 10+ 5+ Years of Years of Years of Years of Years of Years of Years of relationship relationship relationship relationship relationship relationship relationship Transfer case & MT Components, Transfer case & EV transmission, Hybrid Transfer Cases
Slide 36: Presence Across the World
Presence Across the World UK China Portugal Japan Hirendra Divgi Korea Founder & CEO USA (US Operations) Thailand Germany Mexico India South Africa Indonesia Mark John Intl. Comm. Operations Emerge as one of the fastest growing drivetrain solution companies in the world Disclaimer: This map is a gen
Slide 37: Experienced Board Members
Experienced Board Members Our credible Board of Directors Praveen Kadle Chairman and Jitendra Divgi Managing Director Hirendra Divgi Executive Director Pradip Dubhashi Independent Director Independent Director Individuals of proven capability and integrity Bringing diverse competencies to the table
Slide 38: Strong Leadership Team
Strong Leadership Team Satvinder Singh Zubair Kachi Deepak Vani Prasanna Deshpande Kishor Hole Mktg., Sales & ABD Chief Operating Officer & Sabharwal Engineering & Product Chief Information Officer Purchase Chief Growth Officer Development Jitendra Divgi Managing Director Nilesh Shukla Gopal Dalvi M
Slide 39: Historical Performance
Historical Performance 7 Divgi-tTs 38
Slide 40: Product Diversification – Delivered Strong Results
Product Diversification – Delivered Strong Results Total Income Transfer Case E-Gear Drive Components Rs. In Crores % of Total Income 190.6 183.0 28.5 25.8 112.2 155.1 24.0 375.2 110.5 50.2 278.7 273.0 34.1 35.9 240.1 0.2 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 68% 57% 46% 49% 0%
Slide 41: Geographic Diversification – Expanding Global Presence
Geographic Diversification – Expanding Global Presence Products ❑ Transfer Case ❑ EV Transmission ❑ Manual Transmission ❑ Components Europe UK Germany Asia-Pacific North America Portugal Indonesia US Japan Expanding Mexico Thailand Market Reach China o Thailand South Korea o Indonesia o Europe o Sou
Slide 42: P&L – Historical Chart
P&L – Historical Chart Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 375 92 51 82 46 47 74 73 40 279 273 38 242 240 60 59 195 24 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 EBITDA (%) PAT (%) 31.0% 30.5% 29.5% 19.6% 19.1% 18
Slide 43: Financial Ratios
Financial Ratios Fixed Assets Turnover Ratio (x) Working Capital (No. of Days) 1.39 1.30 1.16 62 days 66 days 69 days 87 days 96 days 68 days 0.97 0.92 0.63 98 99 84 85 FY21 FY22 FY23 FY24 FY25 FY26 76 70 65 61 62 60 62 Leverage ratios (x) & Net Debt (Rs. In Cr.) 58 50 52 49 46 44 42 (117.9) (133.1)
Slide 44: Capex and Cash
Capex and Cash Return on Capital Employed (RoCE %)# Capital Expenditure and Cash Reserves 17.8% 18.3% IPO proceeds capex – Rs. 169.66 crores of which ~Rs. 127.96* crores already deployed 12.5% 9.3% 9.9% 311 295 5.6% 285 264 FY21 FY22 FY23 FY24 FY25 FY26 173 159 Return on Invested Capital (RoIC %) 32
Slide 45: Historical P&L Statement
Historical P&L Statement Particulars (Rs. In Cr.) FY26 FY25 FY24 FY23 FY22 FY21 Revenue From Operations 352.9 218.9 253.4 271.0 233.8 186.6 Other Income 22.3 21.2 19.6 7.6 8.1 8.5 Total Income 375.2 240.1 273.0 278.7 241.9 195.1 Raw Materials 136.8 88.1 106.2 111.4 93.6 67.0 Gross Profit 238.4 152.0
Slide 46: Balance Sheet
Balance Sheet Particulars (Rs. In Cr.) Mar-26 Mar-25 Mar-24 Mar-23 Particulars (Rs In Cr.) Mar-26 Mar-25 Mar-24 Mar-23 Assets Equity & Liabilities Non-Current Assets Total Equity Property, plant and equipment 247.1 243.4 211.7 111.1 Equity Share Capital 15.3 15.3 15.3 15.3 Capital work-in-progress 1
Slide 47: Cashflow
Cashflow Particulars (Rs. In Cr.) Mar-26 Mar-25 Mar-24 Mar-23 Profit Before Tax 62.7 33.0 53.5 68.8 Adjustments for: Non -Cash Items / Other Investment or 9.7 5.1 0.0 6.3 Financial Items Operating profit before working capital changes 72.4 38.1 53.5 75.2 Changes in working capital (16.8) 4.0 (6.7) (
Slide 48: Contact Information
Contact Information Company : Divgi TorqTransfer Systems Limited CIN: L32201MH1964PLC013085 Mr. Sarang Deshpande PRODUCT LEADERSHIP E: [email protected] T: +91 89566 65262 LIKE NO OTHER www.divgi-tts.com Investor Relations Advisor : Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010P
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