GFCL EV Products Unlisted Share Price Today
ISIN INE0KA501014.
GFCL EV Products is an India-based EV battery materials manufacturer , focused on the development and supply of high-purity electrolyte salts, additives and specialty battery chemicals used in lithium-ion batteries for electric vehicles and energy storage systems. The company operates in a high-entry-barrier segment of the EV value chain, supplying critical inputs that directly impact battery performance, safety and lifecycle. Industry Structure & Strategic Importance Government focus on…
GFCL EV Products
GFCL EV Products Unlisted Share Price Today
GFCL EV Products is an India-based EV battery materials manufacturer, focused on the development and supply of high-purity electrolyte salts, additives and specialty battery chemicals used in lithium-ion batteries for electric vehicles and energy storage systems. The company operates in a high-entry-barrier segment of the EV value chain, supplying critical inputs that directly impact battery performance, safety and lifecycle.
Industry Structure & Strategic Importance
Government focus on import substitution, localisation and clean-energy transition strengthens long-term visibility for EV-focused chemical platforms like GFCL-EV.
EV & Lithium-ion Battery Demand Drivers
India’s lithium-ion battery market was valued at USD 3.2 bn in 2024 and is expected to reach ~USD 9.6 bn by 2033, implying a ~12–13% CAGR.
The EV market is projected to grow at ~44% CAGR, expanding from USD 54.4 bn (2025) to ~USD 110.7 bn by 2029, driving strong downstream demand for battery materials.
High-capacity batteries (>60,000 mAh) are expected to account for >40% of demand by 2030, led by commercial EVs and stationary energy storage systems (ESS).
Revenue from operations increased from ₹0.37 Cr in FY24 to ₹33.22 Cr in FY26, reflecting a sharp ramp-up in business activity.
The company remained loss-making, with PAT increasing from a loss of ₹3 Cr in FY24 to a loss of ₹104 Cr in FY26, indicating that expenses grew much faster than revenue.
EBIT and PAT margins remained deeply negative throughout FY24–FY26, suggesting the company is in an aggressive investment and expansion phase rather than focusing on near-term profitability.
Income Statement
Market Share
P/E Ratio
Financial Ratio Comparison (FY26)
Key Managerial Personnel
As of FY26Vivek Jain is the Chairman & Managing Director of GFCL EV Products and a key leader within the INOXGFL Group. He has been instrumental in expanding the group's presence in electric vehicle battery materials and advanced chemical businesses.
Manoj Agrawal is the Chief Financial Officer of GFCL EV Products and oversees the finance function for the group's advanced chemicals and EV materials businesses. He brings nearly two decades of experience in corporate finance, financial strategy, and investor relations.
