Divgi TorqTransfer Systems Management
Management criteria checks 3/4
Divgi TorqTransfer Systems' CEO is Jitendra Divgi, appointed in Jun 2022, has a tenure of 31.5 years. total yearly compensation is ₹18.70M, comprised of 66.2% salary and 33.8% bonuses, including company stock and options. directly owns 2.39% of the company’s shares, worth ₹625.97M. The average tenure of the management team and the board of directors is 2.6 years and 14.2 years respectively.
Key information
Jitendra Divgi
Chief executive officer
₹18.7m
Total compensation
| CEO salary percentage | 66.20% |
| CEO tenure | 4yrs |
| CEO ownership | 2.4% |
| Management average tenure | 2.6yrs |
| Board average tenure | 14.2yrs |
Recent management updates
Recent updates
Narrative Update • Jun 04
DIVGIITTS: US Subsidiary Plan Will Support Future Upside Potential
Analysts have nudged their price target for Divgi TorqTransfer Systems up from ₹958 to ₹983, reflecting updated assumptions around revenue growth, profit margins, and forward P/E expectations. What's in the News Board meeting on May 25, 2026, to consider audited financial results for the quarter and year ended March 31, 2026, a final dividend for the year, the incorporation of a wholly owned subsidiary in the United States, and other business with the chair's approval.Narrative Update • Feb 16
DIVGIITTS: Refreshed Forecasts And Board Actions Will Support Future Upside
Analysts have lifted their price target on Divgi TorqTransfer Systems from ₹763 to ₹958, citing updated assumptions around revenue growth, profit margins, the discount rate and future P/E that feed into their refreshed valuation work. What's in the News Board meeting scheduled for Feb 12, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).Narrative Update • Jan 06
DIVGIITTS: New Pickup Contract Will Support Future Margin Expansion
Analysts have kept their fair value estimate for Divgi TorqTransfer Systems steady at ₹763.0, citing largely unchanged assumptions around discount rate, revenue growth, profit margin and future P/E that together support maintaining the previous price target level. What's in the News Received order confirmation from Toyota Tsusho India for a transfer case design for a commercial pick up truck intended for India and international markets, under a multi year contract valued at about ₹620 million in lifecycle revenue over 6 years.Narrative Update • Dec 18
DIVGIITTS: Future Margins Will Benefit From New Pickup Platform Contract
Analysts have nudged their price target on Divgi TorqTransfer Systems slightly higher to ₹763.0 from ₹763, citing marginal refinements to the discount rate and forward valuation assumptions, while leaving core growth and profitability expectations broadly unchanged. What's in the News Secured a multi year transfer case order from Toyota Tsusho India for a commercial pick up platform targeting both Indian and export markets, with lifecycle revenue of about INR 620 million over six years starting H1FY28 after validation and approvals (Key Developments).Narrative Update • Dec 03
DIVGIITTS: Future Margins Will Benefit From New Pickup Truck Order
Analysts have trimmed their price target on Divgi TorqTransfer Systems slightly to ₹763.0, reflecting marginally lower discount rate and valuation multiple assumptions while keeping growth and margin expectations broadly unchanged. What's in the News Secured a multi year transfer case supply order from Toyota Tsusho India for a commercial pick up truck program targeting both Indian and international markets, with an estimated lifecycle revenue of about INR 620 million over six years starting H1 FY28 after validation and approvals (Key Developments) The new transfer case program will incorporate Divgi TorqTransfer Systems synchronizer technology, ensure compatibility with In Vehicle Networking, and meet stringent Noise Vibration Harshness standards demanded by Japanese OEMs, while integrating with both manual and automatic transmissions (Key Developments) Board meeting scheduled for November 12, 2025 to consider and approve unaudited financial results for the quarter and half year ended September 30, 2025, and to address any other business with the permission of the chair (Key Developments) Valuation Changes Fair Value: maintained at ₹763.0, indicating no change in the analyst fair value estimate.Narrative Update • Nov 19
DIVGIITTS: Net Margins Are Projected To Strengthen In The Coming Year
Analysts have raised their price target for Divgi TorqTransfer Systems from ₹576.5 to ₹763.0. They cite expectations of improving profit margins and a higher projected price-to-earnings ratio, despite slightly reduced revenue growth forecasts. What's in the News Board meeting scheduled for November 12, 2025, to consider and approve unaudited financial results for the quarter and half year ended September 30, 2025 (Key Developments) The board may also discuss other business matters with the permission of the Chair during this meeting (Key Developments) Valuation Changes The consensus analyst price target has increased from ₹576.5 to ₹763.0. The discount rate has risen slightly from 14.25% to 14.74%.Narrative Update • Sep 06
Robust International Orders Will Counter Tariff And EV Transition Risks
With valuation metrics such as the discount rate and future P/E remaining effectively unchanged, the consensus analyst price target for Divgi TorqTransfer Systems also remained stable at ₹576.50. What's in the News Board meeting scheduled to consider and approve unaudited financial results for the quarter ended June 30, 2025, and to discuss other business matters.Analysis Article • Apr 11
Divgi TorqTransfer Systems (NSE:DIVGIITTS) Is Reinvesting At Lower Rates Of Return
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Feb 18
Divgi TorqTransfer Systems Limited (NSE:DIVGIITTS) Stocks Pounded By 26% But Not Lagging Market On Growth Or Pricing
Divgi TorqTransfer Systems Limited ( NSE:DIVGIITTS ) shareholders that were waiting for something to happen have been...
New Narrative • Jan 28
Showcasing Technological Advancements At Bharat Mobility Global Expo 2025 Will Strengthen Future Global Presence
Showcasing advanced products and feasibility for local production positions Divgi TorqTransfer Systems for revenue growth and improved margins through scale and localization.Analysis Article • Oct 12
Be Wary Of Divgi TorqTransfer Systems (NSE:DIVGIITTS) And Its Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Analysis Article • Jul 13
Divgi TorqTransfer Systems (NSE:DIVGIITTS) Has Announced That Its Dividend Will Be Reduced To ₹2.60
Divgi TorqTransfer Systems Limited ( NSE:DIVGIITTS ) has announced that on 28th of August, it will be paying a dividend...Analysis Article • Jun 28
Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Dividend Will Be Reduced To ₹2.60
Divgi TorqTransfer Systems Limited ( NSE:DIVGIITTS ) has announced that on 28th of August, it will be paying a dividend...Analysis Article • Jun 01
Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Shareholders Have More To Worry About Than Only Soft Earnings
Last week's earnings announcement from Divgi TorqTransfer Systems Limited ( NSE:DIVGIITTS ) was disappointing to...Analysis Article • Mar 13
Divgi TorqTransfer Systems Limited's (NSE:DIVGIITTS) Share Price Matching Investor Opinion
Divgi TorqTransfer Systems Limited's ( NSE:DIVGIITTS ) price-to-earnings (or "P/E") ratio of 49.7x might make it look...Analysis Article • Nov 09
Why Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Shaky Earnings Are Just The Beginning Of Its Problems
Divgi TorqTransfer Systems Limited's ( NSE:DIVGIITTS ) recent weak earnings report didn't cause a big stock movement...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | ₹469m |
| Dec 31 2025 | n/a | n/a | ₹368m |
| Sep 30 2025 | n/a | n/a | ₹303m |
| Jun 30 2025 | n/a | n/a | ₹274m |
| Mar 31 2025 | ₹19m | ₹12m | ₹244m |
| Dec 31 2024 | n/a | n/a | ₹282m |
| Sep 30 2024 | n/a | n/a | ₹324m |
| Jun 30 2024 | n/a | n/a | ₹353m |
| Mar 31 2024 | ₹12m | ₹12m | ₹397m |
| Dec 31 2023 | n/a | n/a | ₹440m |
| Sep 30 2023 | n/a | n/a | ₹467m |
| Jun 30 2023 | n/a | n/a | ₹494m |
| Mar 31 2023 | ₹19m | ₹12m | ₹512m |
| Mar 31 2022 | ₹23m | n/a | ₹462m |
| Mar 31 2021 | ₹19m | n/a | ₹380m |
| Mar 31 2020 | ₹15m | n/a | ₹280m |
Compensation vs Market: Jitendra's total compensation ($USD198.00K) is about average for companies of similar size in the Indian market ($USD171.50K).
Compensation vs Earnings: Jitendra's compensation has increased by more than 20% in the past year.
CEO
Jitendra Divgi (64 yo)
4yrs
Tenure
₹18,700,000
Compensation
Mr. Jitendra Bhaskar Divgi is MD & Executive Director of Divgi TorqTransfer Systems Limited from June 10, 2022. He was a Director of Divgi TorqTransfer Systems Limited since December 1, 1994. Before joinin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 4yrs | ₹18.70m | 2.39% ₹ 626.0m | |
| CFO & Head of Company Affairs | 4yrs | ₹3.23m | no data | |
| Chief Operating Officer | 2.6yrs | ₹4.92m | no data | |
| Whole-Time Director | 4yrs | ₹9.34m | 2.4% ₹ 627.5m | |
| Chief Information Officer | no data | no data | no data | |
| Company Secretary & Compliance Officer | 1yr | no data | no data | |
| Head of Sales | no data | no data | no data | |
| Chief Human Resources Officer & In-Charge of Management Systems | no data | no data | no data | |
| Head of Engineering & Product Development | no data | no data | no data | |
| Head of Manufacturing Engineering | 2.7yrs | no data | no data | |
| Chief Growth Officer | 1.1yrs | no data | no data | |
| Finance Controller | no data | no data | no data |
2.6yrs
Average Tenure
Experienced Management: DIVGIITTS's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 31.5yrs | ₹18.70m | 2.39% ₹ 626.0m | |
| Whole-Time Director | 28.4yrs | ₹9.34m | 2.4% ₹ 627.5m | |
| Independent Chairman | 4.3yrs | ₹2.10m | no data | |
| Independent Director | 4.3yrs | ₹2.33m | no data | |
| Non-Executive Non Independent Director | 27.7yrs | ₹375.00k | no data | |
| Non-Executive Non Independent Director | 23.7yrs | ₹375.00k | no data | |
| Independent Director | 4.3yrs | ₹2.18m | no data | |
| Independent Director | 4.7yrs | ₹2.38m | no data |
14.2yrs
Average Tenure
65.5yo
Average Age
Experienced Board: DIVGIITTS's board of directors are seasoned and experienced ( 14.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/22 15:34 |
| End of Day Share Price | 2026/06/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Divgi TorqTransfer Systems Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amit Dhameja | Centrum Broking Limited |