GKN Driveline India Limited

About the Company Incorporated in 1985 and headquartered in Faridabad, GKN Driveline (India) Limited manufactures driveshafts and constant velocity joints for automotive OEMs. It operates five plants — Faridabad, Dharuhera, Oragadam, Pune and Kadi — and is 97.03% owned by GKN Driveline International GmbH, Germany. The ultimate parent changed to Dauch Corporation in February 2026. The company is unlisted and debt-free. Business Model Single product, single customer type. Driveshafts sold directly to vehicle manufacturers — no aftermarket, no retail, no distribution layer. Platform nominations, not orders. Suppliers are selected years before a vehicle launches and then supply that model for its entire production life, typically 6–10 years. Technology licensed from the parent. Core designs come from the group under a Technical Collaboration Agreement, for which the company pays trademark and management charges. Revenue Model Sale of goods (98%). Revenue booked at dispatch or customer acceptance. FY26: ₹1,017 crore domestic, ₹115 crore exports (largely to sister GKN plants). Customer-funded tooling. Dies and fixtures are paid for by the OEM and recovered as a separate revenue line — ₹14.55 crore in FY26. Steel pass-through. Steel is ~51% of revenue; price movements are recoverable from customers, though only recognised once prices are settled. Financial Performance ₹ crore FY26 FY25 Change Revenue 1,155.24 1,091.75 +5.8% Gross profit 564.02 519.36 +8.6% Gross margin 48.8% 47.6% +125 bps EBITDA 208.99 175.10 +19.4% OPM 18.1% 16.0% +205 bps PAT 122.78 97.18 +26.3% NPM 10.6% 8.9% +173 bps EPS (₹) 96.12 76.08 +26.3% Margins expanded at every level on cheaper steel, though domestic revenue was flat — the entire increase came from exports. Source: GKN Driveline (India) Limited, 41st Annual Report FY 2025-26.