Company Profile

Divgi Torqtransfer Systems is currently trading at Rs. 942.50, up by 10.40 points or 1.12% from its previous closing of Rs. 932.10 on the BSE.

The scrip opened at Rs. 949.45 and has touched a high and low of Rs. 953.90 and Rs. 937.00 respectively. So far 1100 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1149.00 on 13-Oct-2023 and a 52 week low of Rs. 557.20 on 14-Mar-2023.

Last one week high and low of the scrip stood at Rs. 960.00 and Rs. 920.05 respectively. The current market cap of the company is Rs. 2891.46 crore.

The promoters holding in the company stood at 60.48%, while Institutions and Non-Institutions held 28.65% and 10.87% respectively.

Divgi TorqTransfer Systems has received order confirmations for three components from two marquee Tier I North American manufacturers of Gearboxes and Transmissions. These are precision forged and machined components for the passenger and Light commercial vehicles. The annual value of these orders is around Rs 42.5 crore (based on current forex rate). As indicated by the customers, after successful trials, the mass production of these parts will commence during FY 2024-25.

Earlier, the company has also been awarded an order worth Rs 46.9 crore from the same customer. With award of the new orders, the annual order book with these customers has crossed Rs 89.4 crore. The life-cycle revenue of both the businesses is Rs 212.1 crore over a period of 5 years.

Divgi Torqtransfer Systems is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.

Infosys has signed a seven-year strategic collaboration with Musgrave, Ireland’s leading food retail, wholesale and foodservice company. As part of this collaboration, Infosys will help automate Musgrave’s IT operations by leveraging its industry leading AI and Cloud offerings, Infosys Topaz, an AI-first set of services, solutions and platforms using generative AI technologies and Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey. 

Cochin Shipyard has bagged order from European Client, for the design and construction of one no. hybrid Service Operation Vessel (SOV). The total project cost for the firm order is around Rs 500 crore and the vessel to be delivered in 2026. The vessel is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand.

Glenmark Pharmaceuticals (Glenmark) has joined hands with Pfizer to launch abrocitinib, a first of its kind oral advanced systemic treatment for moderate-to-severe atopic dermatitis (AD), in India. Developed by Pfizer, abrocitinib has received marketing authorization from the Central Drugs Standard Control Organization (CDSCO) in India and is approved by the U.S. Food and Drug Administration (FDA), European Medicines Agency (EMA), and other regulatory agencies.

Sprayking has received Export Purchase order worth Rs 4 million for supply of Plumbing Fittings on Pilot Project Basis. This significant achievement not only underscores Sprayking’s commitment to excellence but also reflects the company's strategic focus on establishing a strong footprint in the overseas market. The success of the pilot project is a testament to the dedication and hard work of the entire team at Sprayking.

Havells India has introduced its latest innovation with the launch of first time Made in India Heat Pump Water heater. Tailored to meet the demands of residential applications, this cutting-edge technology offers up to 75% energy savings, setting new standards in water heating. Designed with a specific focus on addressing concerns about energy wastage and the adequacy of hot water, the revolutionary Havells Heat Pump offers a solution that allows a seamless bathing experience, while consuming only one fourth energy cost compared to conventional water heaters.

Paras Defence and Space Technologies has won the contract for Design, Optimization, Fabrication and Qualification of Optical Periscopes for ICS for Submarine Application dated January 30, 2024, from Instrument Research & Development Establishment (IRDE), Govt. of India, Ministry of Defence, DRDO.

Divgi TorqTransfer Systems has received order confirmations for three components from two marquee Tier I North American manufacturers of Gearboxes and Transmissions. These are precision forged and machined components for the passenger and Light commercial vehicles. The annual value of these orders is around Rs 42.5 crore (based on current forex rate). As indicated by the customers, after successful trials, the mass production of these parts will commence during FY 2024-25.

Divgi TorqTransfer Systems has received order confirmations for three components from two marquee Tier I North American manufacturers of Gearboxes and Transmissions. These are precision forged and machined components for the passenger and Light commercial vehicles. The annual value of these orders is around Rs 42.5 crore (based on current forex rate). As indicated by the customers, after successful trials, the mass production of these parts will commence during FY 2024-25.

Earlier, the company has also been awarded an order worth Rs 46.9 crore from the same customer. With award of the new orders, the annual order book with these customers has crossed Rs 89.4 crore. The life-cycle revenue of both the businesses is Rs 212.1 crore over a period of 5 years.

Divgi Torqtransfer Systems is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.