Divgi TorqTransfer Systems Limited (DIVGIITTS.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-94.8%

₹49.32

vs ₹950.00 price

Levered DCF

-₹185.08

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	40.14×	56.35×	59.88×	35.67×	36.11×	43.79×	59.45×	40.86×
P/B	2.96×	2.3×	4.1×	3.31×	5.44×	5.63×	8.83×	6.91×
P/S	5.34×	6.28×	9.5×	6.78×	8.04×	9.18×	11.96×	8.63×
EV / EBITDA	20.09×	23.22×	32.26×	22.17×	24.88×	27.22×	38.57×	27.68×
Gross margin	41.2%	59.8%	53.8%	54.8%	30.1%	59.4%	26.3%	62.7%
Operating margin	11.6%	5.6%	13.9%	22.9%	22.5%	27.1%	19.9%	52.7%
Net margin	13.3%	11.1%	15.9%	19.0%	20.0%	21.0%	18.1%	21.1%
Current ratio	5.04×	7×	6.94×	5.02×	4.4×	4.09×	2.31×	4.58×
Debt / equity	0×	0×	0×	0×	0×	0×	0.24×	0×
Interest coverage	131.54×	31.87×	60.79×	151.39×	130.11×	140.77×	6.63×	0×
Dividend yield	0.4%	0.6%	0.4%	0.5%	0.1%	0.1%	0.2%	0.0%
Payout ratio	16.9%	32.6%	25.8%	18.0%	4.6%	4.5%	14.4%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.4%	4.1%	6.8%	9.3%	13.6%	12.9%	13.4%	16.9%
Return on invested capital	4.7%	1.5%	4.4%	8.2%	11.1%	11.8%	8.6%	29.9%
Return on assets	6.4%	3.7%	6.2%	8.0%	11.4%	10.5%	9.2%	14.2%
Free cash flow yield	1.0%	0.6%	-1.9%	-1.5%	0.6%	0.1%	1.4%	1.5%
Earnings yield	2.5%	1.8%	1.7%	2.8%	2.5%	2.3%	1.5%	2.4%
Enterprise value	₹18.5B	₹13.6B	₹23.5B	₹18.2B	₹18.3B	₹16.5B	₹18.8B	₹14.9B
Net debt / EBITDA	-0.32×	-0.25×	-0.42×	-0.03×	-0.23×	-0.32×	0.63×	-2.32×
Cash conversion cycle (days)	80	86	97	63	70	56	65	176