GKN Driveline Unlisted Share

GKN Driveline (India) Limited was incorporated as Private Limited on July 25, 1985. GKN Driveline (India) limited parent group company is GKN Plc. GKN Plc is the leading automotive driveline technology and systems engineer. GKN Plc is a global partner to the automotive industry. GKN Driveline International holds 97.013% shares in the company.

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.

GKN Driveline (India) has a technical collaboration with GKN Driveline International , Germany, the Company draws various state of the art technologies from GKN. The Group is primarily in the business of manufacturing and sale of driveshafts to original equipment manufacturers in the automobile industry.

GKN Driveline (India) Limited has five manufacturing plants. Two plants are in Haryana, one in Maharashtra, one in Tamil Nadu, and one in Gujarat.

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.

Clientele

Financial Insights:

• GKN Driveline (India) Ltd. showed solid revenue growth in FY23-24, with revenue excluding other income increasing by 6.83%, from ₹984.55 Cr in FY22-23 to ₹1051.83 Cr in FY23-24.
• The company’s net profit after tax from operations rose by an impressive 11.05%, increasing from ₹77.32 Cr in FY22-23 to ₹85.87 Cr in FY23-24. This shows that GKN Driveline has effectively managed its costs, contributing to a healthier bottom line.
• A significant improvement can be observed in the company’s cash and cash equivalents, which surged by 213.89%. The cash balance increased from ₹352.52 Cr in FY22-23 to ₹1106.54 Cr in FY23-24. This indicates that the company has strengthened its liquidity position, potentially giving it more flexibility for future investments, debt reduction, or shareholder returns

Dividend Payout

In the recent financial years, the company has been paying its shareholders in the form of dividend every year consistently. This is a way of giving back the profit accumulated over all those years back to its rightful owners.

Industry Outlook

• The Indian automobile industry is expected to register a CAGR of around 8-10% during the period 2023-2028. This translates to a market size of approximately USD 300 billion by 2028
• The Indian electric vehicle market is projected to grow at a much faster pace than the overall automobile industry, with a CAGR of 35-40% over the next five years. This growth is driven by government incentives, rising fuel prices, and increasing awareness about environmental sustainability.
• The growth of the Indian automobile industry will lead to a corresponding increase in demand for auto components, including driveshafts manufactured by companies like GKN Driveline India.
• A report by ACMA (Automotive Component Manufacturers Association of India) estimates that the Indian auto component industry will grow at a CAGR of 9-11% by 2026.

GKN Driveline Annual Report 2023-24

 GKN Driveline Annual Report 2022-23

GKN Driveline Annual Report 2021-22

GKN Driveline ANNUAL REPORT 2020-21