Banco Products (India) Ltd
Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets. It was Incorporated in 1961, promoted by Mr. Mehul K. Patel who has more than 40 years of experience in the automotive industry [1]
- Market Cap ₹ 8,161 Cr.
- Current Price ₹ 571
- High / Low ₹ 603 / 259
- Stock P/E 30.6
- Book Value ₹ 59.5
- Dividend Yield 1.93 %
- ROCE 39.1 %
- ROE 33.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 32.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.2%
- Company has been maintaining a healthy dividend payout of 59.7%
Cons
- Stock is trading at 9.59 times its book value
- Tax rate seems low
- Earnings include an other income of Rs.144 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
437 | 420 | 493 | 510 | 619 | 736 | 598 | 654 | 795 | 1,004 | 1,011 | 1,105 | |
357 | 356 | 400 | 417 | 525 | 635 | 524 | 537 | 694 | 834 | 831 | 909 | |
Operating Profit | 80 | 64 | 93 | 93 | 94 | 101 | 74 | 117 | 101 | 170 | 181 | 196 |
OPM % | 18% | 15% | 19% | 18% | 15% | 14% | 12% | 18% | 13% | 17% | 18% | 18% |
34 | 12 | 32 | 61 | 70 | 92 | 46 | 8 | 29 | 132 | 142 | 144 | |
Interest | 14 | 6 | 2 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 3 |
Depreciation | 17 | 16 | 19 | 17 | 17 | 18 | 20 | 20 | 20 | 21 | 24 | 26 |
Profit before tax | 83 | 53 | 104 | 137 | 147 | 174 | 101 | 104 | 110 | 281 | 297 | 311 |
Tax % | 20% | 22% | 21% | 20% | 19% | 29% | 31% | 23% | 22% | 13% | 14% | 14% |
66 | 42 | 82 | 110 | 120 | 123 | 70 | 80 | 86 | 246 | 255 | 266 | |
EPS in Rs | 4.64 | 2.91 | 5.74 | 7.67 | 8.37 | 8.60 | 4.86 | 5.60 | 5.99 | 17.17 | 17.85 | 18.61 |
Dividend Payout % | 22% | 51% | 40% | 59% | 60% | 47% | 206% | 18% | 167% | 64% | 56% | 59% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 13% |
3 Years: | 12% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 32% |
3 Years: | 46% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 77% |
3 Years: | 87% |
1 Year: | 92% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 27% |
3 Years: | 34% |
Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 29 |
Reserves | 376 | 395 | 440 | 540 | 601 | 649 | 521 | 601 | 671 | 716 | 728 | 822 |
114 | 23 | 2 | 2 | 2 | 3 | 3 | 3 | 0 | 0 | 5 | 7 | |
65 | 70 | 100 | 60 | 123 | 89 | 75 | 116 | 99 | 113 | 108 | 220 | |
Total Liabilities | 569 | 502 | 556 | 618 | 741 | 755 | 613 | 733 | 785 | 844 | 855 | 1,078 |
124 | 123 | 120 | 112 | 112 | 131 | 128 | 126 | 134 | 150 | 153 | 164 | |
CWIP | 7 | 3 | 0 | 1 | 7 | 2 | 2 | 0 | 6 | 2 | 8 | 2 |
Investments | 198 | 172 | 163 | 253 | 186 | 215 | 155 | 147 | 151 | 155 | 160 | 221 |
240 | 204 | 272 | 251 | 435 | 407 | 328 | 460 | 493 | 536 | 534 | 691 | |
Total Assets | 569 | 502 | 556 | 618 | 741 | 755 | 613 | 733 | 785 | 844 | 855 | 1,078 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
89 | 61 | 59 | 58 | 24 | 47 | 59 | 59 | 1 | 68 | 154 | 95 | |
-3 | 63 | 31 | -31 | 35 | 33 | 182 | -38 | -41 | 127 | 93 | 66 | |
-82 | -103 | -45 | -70 | -59 | -79 | -194 | -1 | -15 | -201 | -244 | -160 | |
Net Cash Flow | 4 | 21 | 45 | -42 | -0 | -0 | 47 | 21 | -54 | -6 | 3 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 77 | 65 | 73 | 68 | 67 | 65 | 89 | 94 | 89 | 84 | 73 | 89 |
Inventory Days | 111 | 122 | 112 | 121 | 132 | 100 | 102 | 148 | 142 | 146 | 157 | 154 |
Days Payable | 53 | 35 | 53 | 50 | 66 | 57 | 57 | 90 | 55 | 50 | 50 | 56 |
Cash Conversion Cycle | 135 | 151 | 132 | 139 | 133 | 108 | 134 | 153 | 176 | 180 | 180 | 186 |
Working Capital Days | 96 | 82 | 78 | 101 | 82 | 92 | 116 | 133 | 148 | 143 | 143 | 129 |
ROCE % | 19% | 12% | 24% | 25% | 25% | 26% | 16% | 18% | 17% | 40% | 40% | 39% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Advertisement of Postal Ballot Notice.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
2d - Postal ballot for appointment of Mr. Sami as Whole-time Director and commission to Mr. Shivam Patel.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Copy of Notice w.r.t. transfer of Equity Shares of the Company to Investor Education and Protection Fund (IEPF), published in Business Standard (English) and Loksatta …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Annual Secretarial Compliance Report confirms full regulatory compliance for FY 2024-25.
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Updated Contact Details Of KMP Pursuant To Regulation 30(5) Of SEBI (LODR) Regulations, 2015
17 May - Banco Products approved FY25 audited results, no final dividend, appointed new Whole-Time Director and CFO.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
Product Portfolio
The company’s product portfolio comprises engine cooling modules such as radiators, charged air coolers, fuel coolers, oil coolers, AC condensers, deaeration plastic tanks, metal-layered gaskets, and hybrid elastomeric molded gaskets. [1]