Debasis Mohapatra
Bengaluru, 17 October 2026
As part of specialized manufacturing companies’ series, here are two more companies that have distinct differentiated product profiles with strong financials.
Divgi TorqTransfer Systems:
Pune-headquartered Divgi TorqTransfer Systems is a tier-I manufacturer of automotive components that counts several leading automotive companies as its clients.
It manufactures drivetrain components, including 4WD/AWD transfer cases, interactive torque couplers, manual/dual-clutch transmissions, synchronizers, and EV transmission systems.
It is one of the major suppliers of OEMs including Mahindra and Mahindra, Tata Motors, BorgWarner, Toyota Kirloskar, and Force Motors among others. As a specialised automotive drivetrain components manufacturer, Divgi TorqTransfer Systems has manufacturing facilities in Maharashtra & Karnataka.
The company’s share price is hovering around Rs 985 per share in NSE in recent days. It remains almost debt-free with substantial stake being held by domestic institutional investors.
Azad Engineering:
Hyderabad-headquartered Azad Engineering is an Indian precision manufacturing company, which manufactures mission-critical, life-critical, and highly engineered components for global Original Equipment Manufacturers (OEMs).
Its components are used in aerospace, defence, energy, and oil & gas verticals.
The company draws more than 90 per cent of revenue from exports as its components are used by 17 countries including the US, UK, Germany, and Japan.
Among aerospace, it counts Boeing, GE Aerospace, Honeywell, Safran, Rolls-Royce, Pratt & Whitney, and HAL as clients. GE Vernova, Mitsubishi Heavy Industries, Siemens Energy, and Électricité de France (EDF) are its clients in energy vertical. It also participates in vital defence projects and counts DRDO (Defence Research & Development Organisation).
The company’s share price is hovering around Rs 2,737 per share recently. It is one of those manufacturing companies with strong differentiation.
(These are not stock recommendations and are meant for educational purposes only. Please consult your financial advisor for investing in stocks)
