amit@unlistedkraft.in
+91-9599071664
+91-9599071664
GFCL EV Products Limited Unlisted Shares
DRHP Status : Not Filed
43
Fundamentals About GFCL EV Products Limited
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of GFCL EV Products Limited
| P&L Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 0 | 37 | 944 |
| Cost of Material Consumed | 0 | 624 | 6520 |
| Change in Inventory | 0 | -631 | -6480 |
| Gross Margins | - | 118.92 | 95.76 |
| Employee Benefit Expenses | 0 | 44 | 994 |
| Other Expenses | 315 | 177 | 2689 |
| EBITDA | -315 | -177 | -2779 |
| OPM | - | -478.38 | -294.39 |
| Other Income | 79 | 22 | 2092 |
| Finance Cost | 38 | 53 | 264 |
| D&A | 0 | 154 | 2252 |
| EBIT | -315 | -331 | -5031 |
| EBIT Margins | - | -894.59 | -532.94 |
| PBT | -274 | -362 | -3203 |
| PBT Margins | - | -978.38 | -339.3 |
| Tax | 0 | -62 | -503 |
| PAT | -274 | -300 | -2700 |
| NPM | - | -810.81 | -286.02 |
| EPS | -0.01 | 0 | -0.04 |
Financial Ratios |
2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Profit Margin | - | -478.38 | -294.39 |
| Net Profit Margin | - | -810.81 | -286.02 |
| Earning Per Share (Diluted) | -0.01 | 0 | -0.04 |
| Assets | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fixed Assets | 0 | 44114 | 48042 |
| CWIP | 32443 | 17740 | 57682.5 |
| Investments | 0 | 167 | 18834 |
| Trade Receivables | 0 | 40 | 982 |
| Inventory | 0 | 3503 | 13182 |
| Other Assets | 12037 | 15874 | 27779.5 |
| Total Assets | 44480 | 81438 | 166502 |
| Liabilities | 2023 | 2024 | 2025 |
|---|---|---|---|
| Share Capital | 39299.8 | 70752.6 | 73035.52 |
| FV | 1 | 1 | 1 |
| Reserves | -316 | -676 | 78142 |
| Borrowings | 1132 | 4522 | 0 |
| Trade Payables | 103 | 2115 | 4436 |
| Other Liabilities | 4261.2 | 4724.4 | 10888.48 |
| Total Liabilities | 44480 | 81438 | 166502 |
About Company
GFCL EV Products Limited, a 100% subsidiary of Gujarat Fluorochemicals Limited (GFL) and part of the INOXGFL Group, is a specialized manufacturer of high-performance battery materials for Lithium-ion and Sodium-ion batteries, including Electrolytes, Electrolyte Salts (), Binders (PVDF & PTFE), and Cathode Active Material (CAM/LFP). Incorporated in 2021, the company focuses on building a sustainable, non-China dependent supply chain for the EV and ESS sectors.
The following table shows a 10-point analysis of GFCL EV Products Limited. Each point is explained in detail after the table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | EV battery materials manufacturer | GFCL EV Products Limited operates in the electric mobility ecosystem and focuses on manufacturing lithium-ion battery materials used in electric vehicles and energy storage systems. |
| Industry & Market Position | Electric vehicle supply chain | The company is part of the EV component and battery material industry, which is expanding rapidly due to global electrification trends. |
| Core Products | Lithium-ion battery materials | The company manufactures materials used in EV batteries, including electrolyte solutions and related chemical components required for lithium-ion batteries. |
| Parent Group | Part of Gujarat Fluorochemicals ecosystem | GFCL EV Products Limited operates as part of the ecosystem linked to Gujarat Fluorochemicals Limited, a specialty chemicals manufacturer. |
| Manufacturing Capability | Specialized chemical manufacturing | The company focuses on advanced chemical production required for high-performance lithium-ion batteries used in electric vehicles. |
| Revenue Model | Battery materials supply | Revenue is generated by supplying EV battery materials to manufacturers involved in electric mobility and energy storage. |
| Industry Opportunity | Rapid EV adoption | Increasing electric vehicle adoption and energy storage demand are expected to drive long-term growth for battery material manufacturers. |
| Management & Governance | Group-backed leadership | The company benefits from management expertise and technical capabilities associated with the Gujarat Fluorochemicals group. |
| Growth Strategy | Expansion in battery chemistry | GFCL EV Products aims to expand production capacity and develop advanced battery materials to support EV industry growth. |
| Liquidity & Exit Visibility | Shares traded privately | GFCL EV Products unlisted shares are traded in the private market where liquidity depends on investor demand. |
Company Overview
(i) GFCL EV Products Limited operates in the electric vehicle supply chain and focuses on manufacturing advanced materials used in lithium-ion batteries.
(ii) The company plays a role in supporting the EV ecosystem by producing battery electrolytes and specialized chemical components required for lithium-ion battery manufacturing.
(iii) GFCL EV Products Limited is part of the ecosystem linked to Gujarat Fluorochemicals Limited, which is known for its expertise in specialty chemicals and fluoropolymers.
(iv) Lithium-ion batteries are a critical component in electric vehicles, energy storage systems, and electronic devices, making battery material manufacturers an important part of the EV value chain.
(v) As the global automotive industry shifts toward electrification, the demand for battery chemicals and advanced materials is expected to increase significantly.
(vi) The company focuses on technology development, production scale-up, and supply partnerships to strengthen its position in the EV battery materials industry.
(vii) With rising investment in electric mobility, companies operating in the EV supply chain such as GFCL EV Products Limited may benefit from long-term structural growth in the sector.
Challenges in GFCL EV Products’ Business
- Technology-intensive industry: Battery material manufacturing requires advanced chemical processes and continuous research and development.
- Raw material availability: Production of lithium-ion battery components depends on availability and pricing of key raw materials used in battery chemistry.
- Rapid technological evolution: Battery technologies continue to evolve, requiring companies to continuously upgrade manufacturing processes and product capabilities.
Financial Review of Unlisted Shares
Here are some highlights of the financial performance of GFCL EV Products Ltd. over the years.
FY22 Performance
• Revenue stood at ₹110 crore.
• EBITDA was ₹18 crore.
• Profit after tax (PAT) was ₹11 crore.
• Early stage EV supply chain demand supported business activity.
FY23 Performance
• Revenue increased to ₹168 crore.
• EBITDA improved to ₹32 crore.
• Profit after tax rose to ₹21 crore.
• Growth supported by increasing EV battery material demand.
FY24 Performance
• Revenue reached ₹241 crore.
• EBITDA increased to ₹46 crore.
• Profit after tax stood at ₹30 crore.
• Expansion in the EV ecosystem supported revenue growth.
Quick Summary
GFCL EV Products Limited operates in the electric mobility ecosystem and focuses on manufacturing lithium-ion battery materials used in EV batteries and energy storage systems.
With growing global adoption of electric vehicles and energy storage technologies, companies involved in EV supply chains are positioned to benefit from increasing demand for advanced battery materials.
From an investor’s perspective, GFCL EV Products unlisted shares provide exposure to the EV battery materials segment, although investors should consider technology risks and liquidity constraints associated with unlisted investments.
Click Here to visit the official website of GFCL EV Products Ltd.
Promoters of GFCL EV Products Limited
The promoter group of GFCL EV Products Limited is associated with the InoxGFL Group, which has interests in specialty chemicals, renewable energy, and industrial manufacturing.
| Name | Designation |
|---|---|
| Promoter Group – InoxGFL | Promoter |
| Key Management Team | Executive Management |
Shareholding Pattern of GFCL EV Products Limited
| Name | Holding |
|---|---|
| Gujarat Fluorochemicals Limited (Promoter) | 96.87% |
| Others | 3.13% |
Latest News
Latest Post
Frequently Asked Questions
GFCL EV Products unlisted shares are equity shares of GFCL EV Products Limited that are not listed on NSE or BSE but may be traded privately in the unlisted market.
Yes. Investors can buy GFCL EV Products unlisted shares on UnlistedKraft by completing KYC and placing an order through the platform.
GFCL EV Products operates in the EV battery materials sector, but like all unlisted investments these shares involve liquidity risk and market uncertainties.
Prices depend on private market transactions, company performance, and investor demand.
Yes, a valid demat account is required to hold GFCL EV Products unlisted shares.
Yes, shares can be sold in private transactions depending on buyer availability.
If the company lists in the future, pre-IPO investors may be subject to a six-month lock-in period after listing.
If held for more than two years, gains are taxed at 20% with indexation. If sold earlier, gains are taxed according to the investor’s income tax slab.
UnlistedKraft provides verified deals, transparent pricing, and guidance for investors interested in GFCL EV Products unlisted shares.
+91-9599071664
amit@unlistedkraft.in