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Model Note · DIVGI TORQTRANSFER SYST L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
DIVGI TORQTRANSFER SYST L Discounted cash flow · base FY26
DIVGI TORQTRANSFER SYST L
Value per share, this model₹99
CMP 2026-09-10₹1,199.90
Difference(91.7)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of DIVGI TORQTRANSFER SYST L, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
30% a year
FY26 61.2% · 5-yr CAGR —%
EBITDA margin
19.8%
FY26 19.8% · 5-yr average 21.3%
Depreciation · capex, % of revenue
8.3% · 12.6%, fading to 1.2× depreciation
FY26 8.3% · 12.6%
Working capital, % of added revenue · tax
22.1% · 25.2%
81 working-capital days · effective 25.2%
Discount rate
11.00%
1-yr beta 0.91
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(31) · ₹0 · ₹0 cr
FY26 net debt ₹(31) cr
Shares
3.06 crore
3.06 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
353
459
596
775
1,008
1,310
growth %
61.2
30.0
30.0
30.0
30.0
30.0
EBITDA
70
91
118
154
200
259
Depreciation
(29)
(38)
(49)
(64)
(84)
(109)
NOPAT
31
39
51
67
87
113
less capex
(44)
(58)
(71)
(87)
(107)
(131)
less working-capital build
—
(23)
(30)
(40)
(51)
(67)
Free cash flow to firm
—
(4)
(1)
4
12
24
Present value
(3)
(1)
3
8
15
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · DIVGI TORQTRANSFER SYST L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
22
PV of the terminal value (92% of EV)
251
Enterprise value
273
less net debt
31
less non-controlling interest
0
add non-operating investments
0
Equity value
304
÷ 3.06 crore shares
₹99
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
103
111
121
133
148
10.5%
94
101
109
119
130
11.0%
87
93
99
107
117
11.5%
81
86
91
98
106
12.0%
75
80
84
90
96
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
