Unlisted Shares
GFCL EV Products Limited
GFCL EV Products Limited (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About GFCL EV Products Limited
GFCL EV Products Limited is a wholly owned subsidiary of Gujarat Fluorochemicals Limited (GFCL). The company is engaged in the manufacturing of advanced materials for lithium-ion batteries and other EV components. It is currently in the aggressive capacity expansion phase to support India's electric vehicle and energy storage ambitions.
Share Details
| company Name | GFCL EV Products Limited (Unlisted) |
| indicative Unlisted Share Price | ₹59 |
| market Capitalization | ₹310.26 Crore |
| lot Size | 1000 |
| 52 Week High | ₹54 |
| 52 Week Low | ₹42 |
| face Value | ₹10 |
| book Value | 2.05 |
| pe Ratio | N/A |
| pb Ratio | 20.49 |
| debt To Equity | 0.00 |
| return On Equity | -1.79 |
| total Outstanding Shares | 7387115.432 |
| isin | INE0DDH01021 |
| depository | NSDL & CDSL |
| pan | AAJCG5460K |
| cin | U24296GJ2022PLC127819 |
| rta | Link Intime India Private Limited |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | - | 0 | 37 | 944 |
| EBITDA | - | -315 | -177 | -2,779 |
| PBT | - | -315 | -362 | -3,203 |
| Net Profit / Loss (PAT) | - | -274 | -300 | -2,700 |
| EPS | - | -0.01 | 0 | -0.04 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | - | - | -478.38 | -294.39 |
| Net Profit Margin (%) | - | - | -810.81 | -286.02 |
Financial Annual Report Summary
GFCL EV Products is in the early investment and commissioning phase. Revenue has grown sharply in FY25, but the company continues to report significant losses due to heavy depreciation, finance costs, and pre-operative expenses typical for large-scale EV battery material projects.
Why Invest in GFCL EV Products
- Sharp revenue ramp-up in FY25 indicates project execution progress.
- Heavy losses expected due to high capex and pre-operative costs.
- Zero debt with strong parent company backing.
- Positioned for long-term growth in India's EV battery ecosystem.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | - | 0 | 44,114 | 48,042 |
| CWIP | - | 32,443 | 17,740 | 57,682.5 |
| Investments | - | 0 | 167 | 18,834 |
| Trade Receivables | - | 0 | 40 | 982 |
| Inventory | - | 0 | 3,503 | 13,182 |
| Other Assets | - | 12,037 | 15,874 | 27,779.5 |
| Total Assets | - | 44,480 | 81,438 | 1,66,502 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | - | 39,299.8 | 70,752.6 | 73,035.52 |
| Reserves | - | -316 | -676 | 7,814.2 |
| Borrowings | - | 1,132 | 4,522 | 0 |
| Trade Payables | - | 103 | 2,115 | 4,436 |
| Other Liabilities | - | 4,261.2 | 4,724.4 | 10,888.48 |
| Total Liabilities | - | 44,480 | 81,438 | 1,66,502 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Massive capital expenditure in progress. Balance sheet expanding rapidly with equity infusion and asset creation.
Liabilities Breakdown
Debt-free as of FY25. Funded primarily through equity from parent company.
Additional Insights
Strong equity base with negligible debt. Heavy investment in CWIP and fixed assets for future growth.
Cash Flow Insights
- Heavy negative cash flow from investing due to plant and machinery purchases.
- Financing activities supported by equity infusion and borrowings.
- Company is cash negative due to large-scale project execution.
Shareholding Pattern
Recent
Promoter: 100%
Institutional: 0%
Public: 0%
Promoters & Management
100% subsidiary of Gujarat Fluorochemicals Limited (GFCL).
Key Management
Professional Management Team - Leadership
Chemicals & New Energy Sector
Registrar & Transfer Agent (RTA)
Registrar: Link Intime India Private Limited
Website: https://www.linkintime.co.in/
Management Analysis
Focus on rapid execution of manufacturing facilities and becoming a strategic supplier in India's EV battery value chain with full support from GFCL.
Frequently Asked Questions About GFCL EV Products Limited
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