GFCL EV Products Limited - Unlisted Shares
Fundamentals
- Current Price
- ₹0
- Market Cap
- 0
- ISIN
- INE0KA501014
- Face Value
- ₹1
- P/E Ratio
- 0
- EPS
- ₹-0.01
- P/B Ratio
- 0
- Book Value
- 0.99
- Debt / Equity Ratio
- 0.06
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Net Revenue | 0.37 | 0.00 | 0.00 |
| Growth % | - | - | - |
| Total Operating Expenses | 2.14 | 3.15 | 0.36 |
| Growth % | -32.06% | 775.00% | - |
| Operating Profit (EBITDA) | -1.77 | -3.15 | -0.36 |
| Operating Profit Margin % | -478.38% | - | - |
| Other Income | 0.22 | 0.79 | 0.00 |
| Finance Costs | 0.53 | 0.38 | 0.00 |
| Depreciation and Amortization Expense | 1.54 | - | - |
| Profit Before Tax | -3.62 | -2.74 | -0.36 |
| Income Tax | -0.62 | 0.00 | 0.00 |
| Tax % | 17.13% | 0.00% | 0.00% |
| Profit After Tax | -3.00 | -2.74 | -0.36 |
| Growth % | 9.49% | 661.11% | - |
| PAT % | -810.81% | = | = |
| EPS | -0.01 | -0.02 | -35.68 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Equity Capital | 707.53 | 39.300 | 0.01 |
| Reserves and Surplus | -6.76 | 350.54 | -0.36 |
| Total Equity | 700.77 | 389.84 | -0.35 |
| Long Term Borrowings | 45.22 | 0.00 | 0.28 |
| Other Long Term Liabilities | 6.44 | 5.65 | 0.00 |
| Total Non-Current Liabilities | 51.66 | 5.65 | 0.28 |
| Short Term Borrowings | 0.00 | 11.32 | 35.17 |
| Other Current Liabilitiesq | 61.95 | 37.99 | 6.57 |
| Total Current Liabilities | 61.95 | 49.31 | 41.74 |
| Equity + Liabilities | 814.38 | 444.80 | 41.67 |
| Fixed Assets (incl. WIP) | 625.92 | 332.42 | 7.55 |
| Other Non Current Assets | 128.21 | 662.62 | 32.00 |
| Total Non Current Assets | 754.13 | 398.30 | 39.55 |
| Trade Receivables | 0.40 | 0.00 | 0.00 |
| Cash and Bank Balances | 0.31 | 1.57 | 1.83 |
| Other Current Assets | 59.55 | 44.93 | 0.28 |
| Total Current Assets | 60.26 | 46.50 | 2.11 |
| Total Assets | 814.4 | 444.8 | 41.7 |
Strengths & Weaknesses
Strengths
- Strong Equity Infusion: Equity capital rose from ₹39.3 crore in FY23 to ₹707.5 crore in FY24. This indicates strong promoter support and a solid capital base for scaling operations.
- Asset Expansion: Fixed assets (incl. WIP) grew from ₹332.4 crore in FY23 to ₹625.9 crore in FY24. Suggests major capacity building for future revenue generation.
- Reduction in Borrowings: Short-term borrowings dropped from ₹11.3 crore in FY23 to nil in FY24. Indicates improved liquidity and reliance on equity instead of debt.
Weaknesses
- Negligible Revenue Base; Net revenue was only ₹0.37 crore in FY24 (virtually nil in FY22 & FY23). Despite heavy investments, commercial operations have not scaled yet.
- Negative Reserves: Reserves & surplus turned negative at –₹6.8 crore in FY24 vs ₹350.5 crore positive in FY23. Shows accumulated losses are eroding shareholder value.
About GFCL EV Products Limited
GFCL EV Products Limited, a subsidiary of Gujarat Fluorochemicals (INOXGFL Group), manufactures key materials for lithium and sodium-ion batteries used in EVs and ESS.
Board of Directors
- Vivek Kumar Jain - Managing Director
- Bir Kapoor - Additional Director
- Vanita Bhargava - Additional Director
- Vijay Kumar Soni - Director
- Devansh Jain - Director
- Sanjay Bhan - Director
Senior Management
- Manoj Shripati Agrawal - CFO
- Vivek Kumar Jain - Managing Director