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Company Overview
Company Background
- GKN Driveline (India) Limited, a subsidiary of GKN Plc, is a leading manufacturer and supplier of driveshafts to OEMs in the automotive industry.
Technical Collaboration
- The company collaborates with GKN Driveline International GmbH, Germany, for advanced technology transfer.
Manufacturing Plants
- Operates five manufacturing plants across Haryana, Maharashtra, Tamil Nadu, and Gujarat.
Clientele
- Serves industry leaders such as Toyota, Ford, Bajaj, Fiat, Honda, and Suzuki.
Financial Performance
| Metric | FY 2019-2020 (INR Cr) |
|---|---|
| Net Turnover | 941 |
| Profit Before Tax | 83 |
| Export Earnings | 22 |
| Metric | FY 2020-2021 (INR Cr) |
|---|---|
| Net Turnover | Declined by 29.43% |
| EBITDA Margin | Improved to 18% |
| Interim Dividend | INR 62 per share |
| Metric | FY 2021-2022 |
|---|---|
| Revenue Growth | Increased by 24% |
| Gross Margin | Decreased to 46% |
| EBITDA Margin | Decreased to 15.5% |
| Profit | Increased to 65 Cr |
| EPS | Rs. 51 per share |
| Cash Flow from Operations | 131 Crores |
| ROE | 22% |
| ROCE | 53% |
| Dividend | Rs. 62 per share |
| Debt Status | Debt-free |
Analysis and Insights
- Revenue Growth: 24% increase in FY21-22.
- Margin Pressure: Gross margins declined due to increased material costs, reducing EBITDA margins.
- Profitability: Strong profit and EPS growth.
- Dividend and Debt Status: Maintains dividends and debt-free status.
- Operational Efficiency: Strong cash generation indicates efficient resource management.
Fundamentals
| Metric | Value | Metric | Value |
|---|---|---|---|
| Current Price | ₹ 1395 | ROE (%) | 26.38 |
| Debt to Equity | 0 | P/B | 5.99 |
| Market Cap (in Cr.) | ₹ 1772 | P/E Ratio | 22.71 |
| Face Value | 10 | PAN Number | AAACG4276B |
| Book Value | 232.83 | EPS | 61.42 |
| ISIN | INE527A01014 | No. Of Shares (in Cr.) | 12.7 |
Promoters & Managements
Profit & Loss
| Item | 2022 (INR Cr) | 2023 (INR Cr) |
|---|---|---|
| Revenue | 861 | 993 |
| Cost of Material Consumed | 458 | 539 |
| Gross Margins | 46.31% | 45.22% |
| Change in Inventory | -4 | 2 |
| Employee Benefit Expenses | 117 | 127 |
| Other Expenses | 152 | 176 |
| EBITDA | 130 | 140 |
| OPM (%) | 15.24 | 14.23 |
| Other Income | 8 | 9 |
| Finance Cost | 4 | 3 |
| D&A | 44 | 41 |
| EBIT | 86 | 99 |
| EBIT Margins (%) | 10.08 | 10.06 |
| PBT | 89 | 105 |
| PBT Margins (%) | 10.43 | 10.67 |
| Tax | 23 | 27 |
| PAT | 66 | 78 |
| NPM (%) | 7.74 | 7.93 |
| EPS (INR) | 51.97 | 61.42 |
Financial Ratios (2022-2023)
| Ratio | 2022 | 2023 |
|---|---|---|
| Operating Profit Margin (%) | 15.24 | 14.23 |
| Net Profit Margin (%) | 7.74 | 7.93 |
| Earnings Per Share (Diluted) | 51.97 | 61.42 |
| Item | 2022 (INR Cr) | 2023 (INR Cr) |
|---|---|---|
| Assets | ||
| Fixed Assets | 283 | 266 |
| CWIP | 2 | 9 |
| Investments | 0 | 0 |
| Trade Receivables | 100 | 94 |
| Inventory | 87 | 88 |
| Other Assets | 180 | 85 |
| Total Assets | 652 | 542 |
| Liabilities | ||
| Share Capital | 12.7 | 12.7 |
| FV | 10 | 10 |
| Reserves | 293 | 283 |
| Borrowings | 0 | 0 |
| Trade Payables | 182 | 162 |
| Other Liabilities | 164.3 | 84.3 |
| Total Liabilities | 652 | 542 |
| Item | 2022 (INR Cr) | 2023 (INR Cr) |
|---|---|---|
| PBT | 89 | 105 |
| OPBWC | 133 | 142 |
| Change in Receivables | -10 | 7 |
| Change in Inventories | 6 | 2 |
| Change in Payables | 28 | -20 |
| Other Changes | 1.9 | -5 |
| Working Capital Change | 25.9 | -16 |
| Cash Generated From Operations | 130.9 | 93 |
| Tax | -28 | -33 |
| Cash Flow From Operations | 102.9 | 60 |
| Purchase of PPE | -13 | -29 |
| Sale of PPE | 10 | 0 |
| Cash Flow From Investment | -1 | -41 |
| Borrowing | 0 | 0 |
| Dividend | -79 | -167 |
| Equity | 0 | 0 |
| Others From Financing | -1 | -1 |
| Cash Flow from Financing | -80 | -168 |
| Net Cash Generated | 49.9 | -116 |
| Cash at the Start | 102 | 151.9 |
| Cash at the End | 151.9 | 36 |
Share Holding Pattern
| Shareholder | 2022 (%) | 2023 (%) |
|---|---|---|
| GKN Driveline International GmbH | 97.03 | 97.03 |
| Others | 2.97 | 2.97 |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the GKN Driveline India shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your GKN Driveline India shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the GKN Driveline India shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your GKN Driveline India shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for GKN Driveline India Unlisted Shares is approximately 35,000 – 50,000 INR.
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Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
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Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
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Latest Funding: We consider the valuation from GKN Driveline India most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of GKN Driveline India Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted GKN Driveline India shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
