GKN Driveline (India) Limited was incorporated as Private Limited on July 25, 1985. The company’s name changed more than once and the latest change was from GKN Driveshafts (India) Limited to GKN Driveline (India) Limited on July 3, 2003. The Company is having technical collaboration with GKN Driveline International GmbH, Germany since 2003 and under the collaboration agreement, the Company draws various state of the art technologies from GKN.
GKN Driveline (India) limited parent group company is GKN Plc. It has registered offices in the United Kingdom. GKN Plc is the leading automotive driveline
technology and systems engineer. GKN Plc is a global partner to the automotive industry. More than 50% of the 80 million new cars sold every year contain GKN Automotive technology. GKN Driveline International GmbH holds 97.03% stake in GKN Driveline (India).
Shares of GKN Driveline (India) are available at Rs. 1150 per share with Dharawat Securities. Call 8108303330 for buy sell shares of all companies.
GKN Driveline Unlisted Shares Details
Lot Size: 25 Shares (flexible)
Current Unlisted Share Price: ₹ 1150 Per Equity Share
Total Available Shares: 500+
ISIN : INE527A01014
PAN: AAACG4276B
Sector : MNC Auto Ancillary
Face Value: ₹ 10 Per Equity Share
Availability: NSDL, CDSL
GKN has a global network of 54 production facilities in 23 countries that supply over 90% of the world’s car manufacturers. It’s 29,000 dedicated employees design, develop, manufacture, and integrate driveline technologies that add value to vehicle programs.
In April 2018, Melrose Industries Plc became GKN’s new owners after the acquisition of GKN Plc by Melrose Industries Plc. The holding company GKN Driveline International GmbH holds 97.013% shares in the company.
Manufacturing Plants – GKN Driveline (India) Limited has five manufacturing plants. Two plants are in Haryana, one in Maharashtra, one in Tamilnadu, and one in Gujarat.
Customers – GKN Driveline has impressive automotive industry leaders such as Toyota, Ford, Bajaj, Fiat, Honda, and Suzuki as its clients.
The registered office of the company is located at 270, Sector 24, Faridabad, Haryana.
Products:
SIDESHAFTS – The sideshaft provides the dynamic connection between the engine and driven wheels, transmitting power and allowing steering angles whilst accommodating suspension movements and isolating vibrations. It has a critical impact on a vehicle’s performance, efficiency, handling and comfort.
CONSTANT VELOCITY JOINTS – A constant velocity joint is a mechanical coupling in which the rotational speed of the output shaft is the same as that of the input shaft whatever the operating angle of the joint.
PROPSHAFTS – The propeller shaft is a very important component for rear-wheel drive and all-wheel drive. It transmits the torque from the engine/gearbox unit to the axle differential. In some cases, long distances have to be bridged between the units.
DRIVESHAFT BOOTS – Sealing systems, or boots, are required to keep the lubricant inside the joint and to prevent dirt and moisture or any other contaminating substance from getting into the joint.
SUSPENSION SPRINGS – Suspension springs play a crucial role in the car’s suspension system. They compress themselves to absorb the shock caused by bumps in the roads while driving.
Financial Performance:
PROFIT & LOSS FOR THE YEAR ENDED 2020-21 (Rs. CRORE)
| PARTICULARS | 2020-21 | 2019-20 |
| TOTAL INCOME | 689.82 | 951.85 |
| TOTAL EXPENSES | 618.86 | 868.33 |
| PROFIT BEFORE TAX | 70.96 | 83.52 |
| TOTAL TAX EXPENSES | 14.44 | 20.26 |
| PROFIT AFTER TAX | 56.52 | 63.26 |
| EARNING PER SHARE | 44 | 48.17 |
BALANCE SHEET (Rs. CRORE)
| PARTICULARS | 2020-21 | 2019-20 |
| ASSETS | ||
| 1. NON CURRENT ASSETS | 350.21 | 373.38 |
| 2. CURRENT ASSETS | 291.82 | 323.91 |
| TOTAL ASSETS | 642.03 | 697.29 |
| EQUITY & LIABILITIES | ||
| EQUITY | ||
| EQUITY SHARE CAPITAL | 12.77 | 12.77 |
| OTHER EQUITY | 385.00 | 436.10 |
| A. TOTAL EQUITY | 397.77 | 448.87 |
| LIABILITIES | ||
| 1. NON-CURRENT LIABILITIES | 24.94 | 25.77 |
| 2. CURRENT LIABILITIES | 219.31 | 222.65 |
| B. TOTAL LIABILITIES | 244.25 | 248.42 |
| TOTAL EQUITY & LIABILITIES {A+B} | 642.02 | 697.29 |
Outlook & Rating – 7/10
The company made a net turnover of Rs 941 crore and profit before tax of Rs 83 crore in the financial year ended 31 March 2020.
The company is debt-free.
The company is regular dividend paying and investor friendly.
The Board of Directors of the company at its meeting held on 23rd June 2021, declared an interim dividend of INR 62 per equity share (620%) of face value of INR 10 each for the year 2020-21. Same shall be considered as final dividend for FY 2020-2021.
The board of directors of the company has proposed Rs 146 as dividend for the year ended 31 March 2020.