GKN Driveline India Limited Unlisted Shares

GKN LOGOGKN 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.

Currently, shares of GKN Driveline (India) is available at Rs. 950 per share with Dharawat Securities.

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 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.

Financial Performance

Year Revenue EBITDA EBIT OPM PAT NPM EPS
2017 1081 170 204 15.7% 76 7.0% 60
2018 1099 172 208 15.7% 78 7.1% 61
2019 1092 114 154 10.4% 13.6 1.2% 11
2020 951 138 93 14.51% 63 6.62% 48

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 board of directors of the company has proposed Rs 146 as dividend for the year ended 31 March 2020.

 

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