Office Address
C-71, Fateh NagaR, Tilak Nagar, New Delhi, 110018
Phone Number
+91 78279 69241
Email Address
info@prestake.in
C-71, Fateh NagaR, Tilak Nagar, New Delhi, 110018
+91 78279 69241
info@prestake.in
GFCL EV Products Limited is a wholly owned subsidiary of Gujarat Fluorochemicals Limited (GFL), incorporated on 11 June 2021. The company focuses on developing and manufacturing advanced battery materials for Electric Vehicles (EVs) and Energy Storage Systems (ESS).
With a focus on India's growing EV and energy storage markets, GFCL EV Products aims to establish an integrated battery materials business covering more than 50% of the lithium-ion battery value chain. Its strategy emphasizes backward integration, advanced manufacturing capabilities, and reducing dependence on imported battery materials.
GFCL EV Products unlisted shares provide investors with an opportunity to explore a company operating in India's emerging EV battery materials sector before any potential stock exchange listing.
GFCL EV Products operates across key segments of the lithium-ion battery materials industry.
| Business Segment | Products and Offerings |
|---|---|
| Cathode Active Materials (CAM) | Lithium Iron Phosphate (LFP) materials |
| Electrolytes | Electrolyte salts, additives and formulations |
| Binders | PVDF and PTFE grades |
| Target Markets | Electric Vehicles (EVs) and Energy Storage Systems (ESS) |
| Geographic Focus | India, USA and European Union |
| Target Customers | EV manufacturers and lithium-ion battery producers |
The company's manufacturing operations are centred around its Jolva facility in Gujarat, supported by the industrial infrastructure at Dahej and Ranjitnagar. These facilities are intended to support the development and expansion of its battery materials manufacturing capabilities.
GFCL EV Products is also building relationships with potential customers, including EV original equipment manufacturers (OEMs) and battery manufacturers, with more than 20 prospective clients in its pipeline, as stated in the supplied company information.
GFCL EV Products is in an investment-intensive growth phase, with significant capital expenditure directed towards developing its manufacturing infrastructure and expanding production capabilities.
The following financial highlights are based on the FY23 and FY24 figures provided.
| Financial Particulars | FY23 | FY24 |
|---|---|---|
| Revenue | Nil | ₹37 Cr |
| PAT (Loss) | -₹274 Cr | -₹300 Cr |
| EBITDA (Loss) | Not provided | -₹177 Cr |
| Fixed Assets | Not provided | ₹44,114 Cr |
| Borrowings | Not provided | ₹4,522 Cr |
Revenue Growth: The company generated revenue of ₹37 crore in FY24 compared with nil revenue in FY23, indicating the beginning of commercial business activity.
Net Loss: The PAT loss increased from ₹274 crore in FY23 to ₹300 crore in FY24, reflecting the financial burden associated with the initial development and scale-up phase.
EBITDA Performance: EBITDA loss stood at ₹177 crore in FY24. The reported reduction in EBITDA losses indicates improvement in operating performance.
Capital Expenditure: Fixed assets increased significantly to ₹44,114 crore, highlighting the company's investment in manufacturing infrastructure.
Borrowings: Borrowings reached ₹4,522 crore in FY24, reflecting increased funding requirements for business expansion.
Equity Capital: Share capital increased to ₹70,752 crore following an equity raise at ₹35 per share, as per the supplied information.
GFCL EV Products operates in a strategically important segment of the electric mobility and energy storage ecosystem. Its integrated battery materials strategy may offer several long-term growth opportunities:
Growing EV Industry: Increasing electric vehicle adoption could support demand for lithium-ion battery materials.
Battery Manufacturing in India: Expansion of domestic battery manufacturing may create opportunities for local suppliers.
Backward Integration: Developing multiple components of the battery value chain could improve supply chain control.
Global Market Expansion: Its focus on India, the USA and Europe provides opportunities to serve international battery manufacturers.
Energy Storage Demand: Growing requirements for renewable energy storage systems could create additional demand for battery materials.
Before investing in GFCL EV Products unlisted shares, investors should consider the following factors:
Continued Losses: The company reported substantial net losses in FY24.
High Capital Requirements: Battery materials manufacturing requires significant investment in infrastructure, technology and production capacity.
Debt Exposure: Increasing borrowings may create additional interest and repayment obligations.
Commercialisation Risk: The company needs to scale production and convert its potential customer pipeline into commercial orders.
Industry Competition: Competition from established global battery materials manufacturers could affect pricing and profitability.
Disclaimer: The financial information and company details presented above are based on the data provided and should be independently verified against the company's audited financial statements and official disclosures. Unlisted shares involve liquidity, valuation and investment risks. Past financial performance does not guarantee future returns.
| Share Name | Particulars | Fundamentals | Value |
|---|---|---|---|
| GFCL EV Products Limited | ₹39 | Market Cap (in Cr.) | ₹28,586.88 Cr. |
| Share Price | Per Equity Share | P/E Ratio | -278.57 |
| Minimum Lot Size | Shares Worth ₹20,000 | P/B Ratio | 18.88 |
| Depository | NSDL & CDSL | Debt to Equity | 6.92 |
| PAN Number | AAJCG4540K | ROE (%) | -112.80% |
| ISIN Number | INE0KA501014 | Book Value | ₹2.07 |
| CIN | U24296GJ2021PLC127819 | EPS | -₹0.14 |
| Face Value | ₹1 | ||
| Total Shares | 7,329,970,000 |
| Particulars (₹ Cr.) | 2026 | 2025 | 2024 | 2022 |
|---|---|---|---|---|
| Revenue | 33.22 | 9.44 | 0.37 | 0 |
| Cost of Material Consumed | 87.45 | 65.20 | 6.24 | 0 |
| Gross Profit Margin | -163.25% | -590.42% | -1,595.68% | - |
| EBITDA | -80.49 | -27.79 | -1.78 | -0.36 |
| EBITDA Margin | -242.29% | -294.33% | -482.56% | - |
| EBIT | -109.47 | -29.39 | -3.10 | -0.36 |
| EBIT Margin | -329.53% | -311.23% | -840.96% | - |
| PBT | -122.56 | -32.03 | -3.62 | -0.36 |
| PAT | -104.31 | -27.01 | -3.01 | -0.36 |
| Net Profit Margin (NPM) | -314.00% | -285.99% | -816.32% | - |
| EPS | -0.14 | -0.04 | 0 | -35.68 |
| Particulars (₹ Cr.) | 2026 | 2025 | 2024 | 2022 |
|---|---|---|---|---|
| Cash from Operating Activities | -177.12 | -154.48 | -60.86 | 0.88 |
| Cash from Investing Activities | -822.74 | -612.06 | -287.71 | -34.06 |
| Cash from Financing Activities | 1,111.94 | 771.54 | 347.30 | 35.01 |
| Net Cash Flow | 112.08 | 5.00 | -1.26 | 1.83 |
| Particulars (₹ Cr.) | 2026 | 2025 | 2024 | 2022 |
|---|---|---|---|---|
| Fixed Assets | 781.05 | 487.60 | 448.23 | 0 |
| Capital Work in Progress (CWIP) | 1,021.41 | 576.83 | 177.40 | 7.55 |
| Investments | 241.56 | 188.34 | 0 | 0 |
| Trade Receivables | 17.62 | 9.82 | 0.40 | 0 |
| Inventory | 188.53 | 131.82 | 35.03 | 0 |
| Other Assets | 556.52 | 270.61 | 151.67 | 34.12 |
| Total Assets | 2,806.69 | 1,665.02 | 812.71 | 41.67 |
| Particulars (₹ Cr.) | 2026 | 2025 | 2024 | 2022 |
|---|---|---|---|---|
| Share Capital | 733.00 | 730.36 | 707.53 | 0.01 |
| Reserves | 780.81 | 781.42 | -6.76 | -0.36 |
| Borrowings | 640.25 | 0 | 45.22 | 35.17 |
| Trade Payables | 150.82 | 44.36 | 21.15 | 0.05 |
| Other Liabilities | 501.81 | 108.88 | 45.57 | 6.79 |
| Total Liabilities | 2,806.69 | 1,665.02 | 812.71 | 41.67 |
| Company | Market Cap (Cr.) | Revenue (Cr.) | P/E | P/B | ROE (%) |
|---|---|---|---|---|---|
| GFCL EV Products Limited | 28,586.88 | 33.22 | -278.57 | 18.88 | -113% |
| Name | Designation |
|---|---|
| Manoj Shripati Agrawal | CFO |
| Vijay Kumar Soni | Director |
| Vivek Kumar Jain | Managing Director (MD) |
GFCL EV Products Limited is an Indian company and a subsidiary of Gujarat Fluorochemicals Limited, focused on manufacturing materials for lithium-ion batteries used in electric vehicles (EVs) and energy storage systems. Its product portfolio includes lithium salts, electrolytes, battery binders and cathode active materials.
The GFCL EV Products Limited unlisted share price refers to the indicative price at which its shares may be available in the unlisted market. Prices can vary depending on market demand, supply, available quantity and transaction terms. Contact PRESTAKE to enquire about the latest indicative share price and availability, subject to verification.
You can contact PRESTAKE to enquire about purchasing GFCL EV Products Limited unlisted shares. Before proceeding, confirm the indicative price, available quantity, applicable charges, required documentation and share-transfer process. Transactions are subject to availability, due diligence and applicable regulations.
Investing in GFCL EV Products Limited unlisted shares involves risks such as limited liquidity, valuation uncertainty, manufacturing and project execution challenges, capital expenditure requirements and changes in the electric vehicle and battery markets. There is no guarantee of returns, a future public listing or an exit opportunity. Investors should conduct independent research before investing.
