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UNLISTED COMPANY PROFILE

GFCL EV PRODUCTS LIMITED

MATERIALS LINE
INDICATIVE PRICE / SHARE
₹43
▲ +4.9% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2025

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹54
₹40
20 May 2501 Jun 2602 Sept 26

ALL-TIME LOW
₹40
ALL-TIME HIGH
₹54
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹31,519 Cr
Indicative price × reported outstanding shares
Min. investment
₹10,105
Indicative price × lot size
Lot size
235
P/B ratio
20.87
EPS
-0.14
ROE
-6.5%
Book value
₹2.06
Face value
₹1
Debt / equity
0.2
ISIN
INE0KA501014
Company security identifier
THE BUSINESS · HOW IT EARNS

GFCL EV Products Limited reports one principal activity: manufacturing. Its FY2024-25 statutory annual return describes that activity as manufacture of chemicals and chemical products and assigns it 100% of the company’s turnover. The same MGT-7 identifies Gujarat Fluorochemicals Limited as the holding company and lists overseas subsidiaries in the Americas, Germany, the SFZ and Singapore. GFCL EV is reported as an unlisted public company limited by shares. The statutory filing does not break out product lines, customers, pricing, manufacturing capacity, country-level sales or revenue by product category. Accordingly, this description does not infer a specific battery-material, electrolyte or EV-component product mix. It characterises the model only to the extent directly supported by the filing: chemical-products manufacturing within a group structure that includes overseas subsidiaries.

About this company

GFCL EV Products Limited is a battery-materials manufacturer incorporated in 2021 and based in Gujarat. It operates as a wholly-owned subsidiary of Gujarat Fluorochemicals Limited (GFL), part of the broader INOXGFL Group, and was created to build a domestic supply chain for materials used in lithium-ion and emerging sodium-ion batteries. The company positions itself across multiple points of the battery value chain rather than a single product, an approach aimed at reducing dependence on imported inputs for India's electric-vehicle (EV) and energy-storage-system (ESS) ecosystems. Its product focus spans cathode active materials such as lithium iron phosphate (LFP), electrolytes, binders and other intermediate chemicals that feed into cell manufacturing. By targeting several stages of the value chain, GFCL EV intends to serve EV makers and energy-storage manufacturers across India and export markets including the United States and the European Union. The business draws on the parent group's long-standing expertise in fluorochemicals and specialty chemistry, which is relevant to several battery-grade material processes. The company is in an early, capital-intensive growth phase. Reported revenue moved from a negligible base in an earlier year to a small commercial figure as initial operations began, reflecting a company still scaling toward larger production. To fund this expansion, GFCL EV raised roughly ₹1,000 crore of fresh equity, an event that was associated with a large headline valuation and that increased market attention on the stock. In the unlisted market, GFCL EV Products draws interest because it offers exposure to India's battery-materials and EV-supply-chain theme through a focused entity rather than the diversified listed parent. Factors commonly cited by market participants include its parentage, its stated ambition to localise a significant share of the battery value chain, and its positioning ahead of any future capital-market event. Its indicative unlisted price reflects private over-the-counter transactions among investors and is distinct from any exchange-quoted price.

COMPANY AT A GLANCE
Sector lineMaterials
SettlementNSDL / CDSL
Incorporated2021
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U24296GJ2021PLC127819
PAN
AAJCG4540K
Incorporated
2021
Outstanding shares
7,329,972,576
Registered office
Survey No. 16/3, 26 & 27, Village Ranjitnagar, Taluka Ghoghamba, District Panchmahal 389380, Gujarat, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY25FY26
REVENUE9443,322
PAT-2,700-10,431
EPS (₹)-0-0
PAT MARGIN-286%-314%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Vijay Kumar Soni
Chairman & Managing Director
Vivek Kumar Jain
Managing Director
Vanita Bhargava
Independent Director
Devansh Jain
Non-Independent Director
Bir Kapoor
Non-Independent Director
Sanjay Bhan
Non-Independent Director
COMPANY TIMELINE · EVENTS
The company published the scrutiniser and voting result for its fifth AGM. (30 Jun 2026)
READ THE NOTICE →
THE GLOVEBOX · ANNUAL REPORTS
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is GFCL EV Products Limited listed on the stock exchange?+

No. As of 2 September 2026, GFCL EV Products Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the GFCL EV Products Limited unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of GFCL EV Products Limited is ₹43 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for GFCL EV Products Limited unlisted shares?+

The displayed unit count is 235 share(s); at the indicative price of about ₹43, the displayed amount is approximately ₹10,105. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of GFCL EV Products Limited?+

The recorded ISIN of GFCL EV Products Limited is INE0KA501014. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in GFCL EV Products Limited unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
MATERIALS LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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