GKN Driveline India Limited Unlisted Shares
About GKN Driveline India Limited Unlisted Shares
GKN Driveline India Limited, a subsidiary of the globally renowned GKN Plc, is a key player in the automotive driveline technology sector. Established in 1985, the company has grown into a leading manufacturer of driveshafts and driveline components, catering to major original equipment manufacturers (OEMs) in the automotive industry. With five advanced manufacturing plants across India, GKN Driveline India leverages cutting-edge technologies from its parent company to maintain its competitive edge.
Investing in GKN Driveline India Unlisted Shares offers a unique opportunity to be part of a financially stable, debt-free, and highly profitable company in the rapidly evolving automobile sector.
Business Divisions of GKN Driveline India
GKN Driveline India operates through several key divisions, ensuring a strong presence in the automotive technology market:
Driveline Systems – Manufacturing driveshafts, CV joints, and transmission components for global automobile manufacturers.
Propeller Shafts – Producing high-performance propeller shafts for various vehicle models.
Axle & Power Transfer Units – Specializing in torque management and power transfer systems for efficient vehicle performance.
Advanced Manufacturing – Using state-of-the-art production technologies across five plants located in Haryana, Maharashtra, Tamil Nadu, and Gujarat.
OEM Supplier – Servicing top global car brands such as Toyota, Ford, Bajaj, Fiat, Honda, and Suzuki.
Financial Highlights of GKN Driveline India Unlisted Shares
Consistent Revenue Growth: GKN Driveline India has demonstrated strong revenue growth, increasing from ₹664 crore in 2021 to ₹1,052 crore in 2024. This represents a steady CAGR, showcasing the company’s ability to expand its market presence.
Strong EBITDA Margins: The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has grown from ₹95 crore in 2021 to ₹151 crore in 2024. Despite rising costs, GKN Driveline India has maintained stable operating profit margins (OPM) above 14%.
Profit After Tax (PAT) increased from ₹57 crore in 2021 to ₹86 crore in 2024, reflecting strong financial health.
Earnings Per Share (EPS) surged from ₹44.88 in 2021 to ₹67.72 in 2024, offering solid returns for investors.
GKN Driveline India is a debt-free company, enhancing its financial stability.
Total assets increased from ₹642 crore in 2021 to ₹661 crore in 2024, indicating growth in fixed assets and working capital.
High cash conversion rate, with cash flow from operations matching 100% of EBITDA.
Return on Equity (ROE) at 22% and Return on Capital Employed (ROCE) at 53%, highlighting efficient capital utilization.
Pros
Strong Parent Company Support: Global expertise, R&D, and technology from GKN Plc enhance operations.
Established Market Presence: Nearly four decades of reputation in India’s automotive sector.
Diverse Product Portfolio: Reduces reliance on a single product, spreading risk.
Cons
Cyclic Automotive Industry: Dependent on the volatile automobile sector with demand fluctuations.
Raw Material Cost Volatility: Rising material costs can hurt profit margins and operational expenses.
Global Competition: Faces intense competition from both domestic and international manufacturers.
Key Details
| Metric | Value |
|---|---|
| Market Cap | ₹2,171 Cr |
| P/E Ratio | 25.10× |
| P/B Ratio | 7.00× |
| Debt-to-Equity | 0 |
| Return on Equity (ROE) | 28% |
| Book Value per Share | ₹243 |
| Earnings Per Share (EPS) | ₹67.72 |
| Face Value | ₹10 |
| Total Shares Outstanding | 1,27,73,061 |
| Particulars | Details |
|---|---|
| Share Name | GKN Driveline (Unlisted) |
| Share Price | ₹1,700.00 per equity share |
| Lot Size | 25 Shares |
| 52 Week High | ₹1,425 |
| 52 Week Low | ₹1,300 |
| Depository | NSDL & CDSL |
| PAN Number | AAACG4276B |
| ISIN Number | INE02YY01015 |
| CIN | U74999HR1985PLC034079 |
| RTA | MCS Share Transfer Agent Ltd |
Financials
| Particulars | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue | 1,052 | 984 | 853 |
| Cost of Material Consumed | 571 | 539 | 458 |
| Gross Margins (%) | 45.72% | 45.22% | 46.31% |
| Change in Inventory | -6 | 2 | -4 |
| Employee Benefit Expenses | 139 | 127 | 117 |
| Other Expenses | 197 | 176 | 152 |
| EBITDA | 151 | 140 | 130 |
| Operating Margin (OPM) | 14.35% | 14.23% | 15.24% |
| Other Income | 8 | 9 | 8 |
| Finance Cost | 2 | 3 | 4 |
| Depreciation & Amortization (D&A) | 41 | 41 | 44 |
| EBIT | 110 | 99 | 86 |
| EBIT Margin (%) | 10.46% | 10.06% | 10.08% |
| Profit Before Tax (PBT) | 116 | 105 | 89 |
| PBT Margin (%) | 11.03% | 10.67% | 10.43% |
| Tax | 30 | 27 | 23 |
| Profit After Tax (PAT) | 86 | 78 | 66 |
| Net Profit Margin (NPM) | 8.17% | 7.93% | 7.74% |
| Earnings Per Share (EPS) | ₹67.72 | ₹61.42 | ₹51.97 |
| Ratio | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Margin | 11% | 11% | 11% |
| Net Profit Margin | 8% | 8% | 8% |
| Return on Equity (ROE) | 29% | 26% | 19% |
| Debt-to-Equity Ratio | 0.02 | 0.02 | 0.00 |
| Current Ratio | 1.05 | 1.06 | 1.07 |
| Dividend Payout Ratio | 95% | 114% | 121% |
| Metric | GKN Driveline (India) Ltd | Talbros Engineering Ltd | Automotive Axles Ltd |
|---|---|---|---|
| Market Cap (₹ Cr) | ₹2,414 | ₹1,728 | ₹2,592 |
| Profitability Margin (%) | 8% | 14% | 7% |
| ROCE (%) | 37% | 21% | 27% |
| ROE (%) | 29% | 17% | 20% |
| Debt-Equity Ratio | 0.02 | 0.16 | 0.03 |
| P/E Ratio | 28.12 | 19.90 | 16.90 |
| P/B Ratio | 8.03 | 2.93 | 2.86 |
| Book Value/Share (₹) | ₹235.30 | ₹96.40 | ₹593.00 |
| Liability Category | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Share Capital | 12.7 | 12.7 | 12.7 |
| Face Value (₹) | 10 | 10 | 10 |
| Reserves | 288 | 283 | 293 |
| Borrowings | 0 | 0 | 0 |
| Trade Payables | 193 | 162 | 182 |
| Other Liabilities | 167.3 | 84.3 | 164.3 |
| Total Liabilities | 661 | 542 | 652 |
| Asset Category | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Fixed Assets | 259 | 266 | 283 |
| Capital WIP (CWIP) | 10 | 9 | 2 |
| Investments | 0 | 0 | 0 |
| Trade Receivables | 122 | 94 | 100 |
| Inventory | 100 | 88 | 87 |
| Other Assets | 170 | 85 | 180 |
| Total Assets | 661 | 542 | 652 |
