GKN Driveline India Limited Unlisted Shares

(i) GKN Plc group company of GKN Driveline India

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.

On 19.04.2018, Melrose Industries Plc became GKN’s new owners after the acquisition of GKN Plc by Melrose Industries Plc.

(ii) About GKN Driveline India

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.

The Group is primarily in the business of manufacturing and sale of driveshafts to original equipment manufacturers in the automobile industry.

Technology Support

The GKN Driveline (India) Limited maintains interaction with GKN Group internationally. The company continuously imports technology from GKN Group under the Technical Collaboration Agreement and the same is fully absorbed.

The company is receiving support and guidance from GKN Group to drive functional excellence in marketing, human resource, application engineering, supply management, and information technology, among others, which helps the Company to remain competitive and further step-up its overall business performance. GKN is committed to ensuring that the support in terms of new products, innovations, technologies, and services is commensurate with the needs of the Company and enables it to continue as a market leader.

(iii) 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.

(iv) The clientele of the Company

GKN Driveline has impressive automotive industry leaders such as Toyota, Ford, Bajaj, Fiat, Honda, and Suzuki as its clients.

(v) Financial Performance

In the Financial year ended March 31, 2020, the Company made a net turnover of INR 941 Cr and profit before tax of INR 83 Cr.

In the Financial year ended March 31, 2019, the Company made a net turnover of INR 1077 Cr and profit before tax of INR 50 Cr.

In the financial year ended March 31, 2018, the Company had registered a net turnover of INR 1067 Cr and profit before tax of INR 127 Cr.

Export Income:

During the Financial year ended March 31, 2019, the Company posted export earning of INR 22 Cr in comparison to export earning of INR 62 Cr in the financial year ended March 31, 2018.

GKN Driveline India Limited Unlisted Shares Details:

Total Available Shares:	500
Face Value:	₹ 10 Per Equity Share
ISIN:	INE527A01014
Lot Size:	25 Shares
Current Unlisted Share Price:	₹ 1225 Per Equity Share

Promoters And Management:

(i) Mr. Bharat Dev Singh Kanwar, Managing Director. (ii) Mr. Sanjay Katyal, Managing Director (iii) Mr. Madan Singh Sisodia, Executive Director

Shareholding Pattern:

The holding company GKN Driveline International GmbH holds 97.013% shares in the company.

Financials of GKN Driveline India Limited Unlisted Shares:

(Fig. in Crores) P/L Analysis

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
2021	664	120	116	18%	56	8%	42

Cash-Flow Analysis

Year	CFO	CFI	CFF	Total Cash	FCF
2017	133	-35.6	-6.3	28.3	96.3
2018	86	-37.7	-6.9	70	46.8
2019	98	-47.6	-1.45	120	40.2
2020	153	-13.4	-99.3	161	131.1
2021	71	-22	-108	101	44

UnlistedZone Review: Pros: 1. The company is debt-free. 2. The company is generating free cash flow from the last 3 years. 3. Cumulative CFO/Cumulative EBITDA in the last 3 years is 70% which is very good. That means the company is able to convert EBITDA into Cash efficiently. Anything between 70-100% is considered good. 4. The debtor days are very comfortable and are less than 50 days. Cons: 1. In the last 4 years, the company has invested close to 154 Cr in the purchase of Plant and Machinery, however, the revenue growth is almost 'NIL'. The reason is the slowdown in the automobile sector in the last 2-3 years. 2. The company's ROCE has also declined from highs of 40% in 2017 to 20% in 2020. The reason being no growth in revenue in spite of putting continuous investment in the business. Valuation: Currently, the company is available at Rs.1200 per share in the UnlistedZone market. Mcap= 1200*1.273= 1500 Cr. P/E = 28x ( EPS of FY21 is taken ) The valuation looks comfortable, the only issue is revenue growth is stagnant in the last 4 years. Analysis of FY19-20 1. The Company’s top-line showed a de-growth of 12.63 % when the current year is compared with the previous year mainly due to lower market demand and discontinuation of supplies for the Hyundai QXi model on account of a pricing dispute. 2. EBITDA for FY19-20 is INR 138 Crores (14.68%) as compared to INR 114 Crores (10.60 %) in the previous year. EBITDA is better than the previous year due to a reduction in Employee benefit expenses by INR 12 Crores, reduction in Business auxiliary service charges by INR 17 Crores, and reduction in slow-moving inventory by INR 2.2 Crores when compared with the previous year. 3. Net profit is better due to significant one-off provisions created during the previous year for contingencies and tax matters, INR 18 Crores which is not in the current year, and reduction in finance cost by INR 13.5 Crores. 4. The Board of Directors of the Company has proposed INR 146 as the final dividend for the year ended 31 March 2020. FY20-21 Financial Analysis 1. The Company’s top-line showed a de-growth of 29.43 % when current year is compared with previous year mainly due to lower market demand on account of COVID 19 lockdown in 2020. However, the export sales remained largely the same with negligible decline of 2%. 2. EBITDA Margins improved from 14% in FY20 to 18% in FY21 due to write back of provision for interest and penalty on Income tax for INR 179 Mn as company has opted for Vivad se Vishwas Scheme for settlement of Income tax litigations and lower supplier provisions in current year by INR 65 Mn. 3. The Operations & the Financial Results of the Company during the/Year ended 31st March 2021 were substantially impacted due to shutdown of the company’s plants under the lockdown announced by the State/Central Government after the outbreak of COVID-19 Pandemic during April to May 2020. 4. 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. Auto-Industry In 20-21 As GKN Driveline provides products and services to the automobiles sector, so growth in GKN Driveline is directly proportional to performance of Automobile sector. The passenger vehicle industry showed a de-growth in financial year ending March 2021 as compared to previous year due to covid-19 pandemic spread. Before the second wave, the auto sector had been seeing a recovery in sales, despite challenges such as a shortage of semiconductors and increase in raw material costs. GKN Driveline Annual Report 2021 GKN Driveline Annual Report 2020 GKN Driveline Annual Report 2019 GKN Driveline Annual Report 2018

Company Address:

Plot No. 270, Sector 24, Faridabad 121 005, Haryana, India Tel : +91 129 4091100 / 6621300, Fax : +91 129 6621349

Frequently Asked Questions:

Please find below the procedure for buying GKN Driveline India Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of GKN Driveline India Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling GKN Driveline India Limited Unlisted Shares is 6 months after listing. Hence you can’t sell GKN Driveline India Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling GKN Driveline India Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of GKN Driveline India Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the GKN Driveline India Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the GKN Driveline India Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the GKN Driveline India Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of GKN Driveline India Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of GKN Driveline India Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of GKN Driveline India Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the GKN Driveline India Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of GKN Driveline India Limited Unlisted Shares.
- b. Name of GKN Driveline India Limited Unlisted Shares
- c. Quantity of GKN Driveline India Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the GKN Driveline India Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the GKN Driveline India Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy GKN Driveline India Limited Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy GKN Driveline India Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of GKN Driveline India Limited Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of GKN Driveline India Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The GKN Driveline India Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of GKN Driveline India Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

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We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the GKN Driveline India Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to GKN Driveline India Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their GKN Driveline India Limited Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their GKN Driveline India Limited Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about GKN Driveline India Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on GKN Driveline India Limited Unlisted Shares:

1 Comment

Singaram Srinivasan

4:40 PM, 3 November 2020

What is the current going price?

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GKN Driveline India Limited Unlisted Shares

GKN Driveline India Limited Unlisted Shares Details:

Promoters And Management:

Shareholding Pattern:

Financials of GKN Driveline India Limited Unlisted Shares:

Company Address:

Frequently Asked Questions:

Discussion on GKN Driveline India Limited Unlisted Shares:

1 Comment

Singaram Srinivasan

Leave a Reply Cancel reply

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GKN Driveline India Limited Unlisted Shares

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GKN Driveline India Limited Unlisted Shares Details:

Promoters And Management:

Shareholding Pattern:

Financials of GKN Driveline India Limited Unlisted Shares:

Company Address:

Frequently Asked Questions:

Discussion on GKN Driveline India Limited Unlisted Shares:

1 Comment

Singaram Srinivasan

Leave a Reply Cancel reply

Imp. Links

Our Office :