Divgi Torqtransfer Systems - Revenue Outlook For FY25 Is Upbeat: Centrum Broking

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.We recently interacted with the management of Divgi Torqtransfer Systems Ltd. We understood that the revenue headwinds are receding fast. The scheduled execution of the order inflow announced in Q2 FY24 has started. The execution of Electric Vehicle Transmission and related component picked up in Q4 FY24. Divgi Torqtransfer Systems has started EVT supply for Tata Punch from Jan-24. The company is trying for customer diversification in EVT business and is working on various request for quotes on system and component level across the globe. We maintain FY23-26E revenue compound annual growth rate of 31% and profit after CAGR of 30% for Divgi. Ebitda margin and return on equity estimated to improve progressively to 27.7% and 16.2% respectively by FY26E. We believe current decline in the stock price provides higher margin of safety. We maintain a Buy with target price of Rs 1,283 (35 times FY26E earnings per share of Rs 36.7)..Click on the attachment to read the full report:.MRPL - Enroute Continuous Growth, Innovation: Yes Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Divgi Torqtransfer Systems - Revenue Outlook For FY25 Is Upbeat: Centrum Broking

We believe current decline in the stock price provides higher margin of safety.

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Divgi Torqtransfer Systems - Revenue Outlook For FY25 Is Upbeat: Centrum Broking

We believe current decline in the stock price provides higher margin of safety.

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