Banco Products (India) Ltd

Banco Products Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Banco Products (India) Ltd

₹ 610 -1.79%
19 Apr - close price
bancoindia.com BSE: 500039 NSE : BANCOINDIA
About

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]

Key Points

Product Portfolio
Its product portfolio comprises Engine Cooling Modules such as Radiators, Charged Air Coolers, Fuel Coolers, Oil Coolers for various applications, AC Condensers, Deaeration Plastic tanks, Metal Layered Gaskets, and Hybrid Elastomeric molded gaskets for static sealing applications. [1]

Website BSE NSE
  • Market Cap ₹ 4,367 Cr.
  • Current Price ₹ 610
  • High / Low ₹ 734 / 235
  • Stock P/E 17.7
  • Book Value ₹ 108
  • Dividend Yield 3.61 %
  • ROCE 39.7 %
  • ROE 34.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.61%.
  • Company has been maintaining a healthy dividend payout of 83.0%

Cons

  • Tax rate seems low
  • Earnings include an other income of Rs.127 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
201 207 170 209 192 227 252 261 237 254 272 242 233
159 176 147 184 167 197 208 223 196 208 215 200 194
Operating Profit 41 31 22 25 25 29 44 38 41 46 57 42 39
OPM % 21% 15% 13% 12% 13% 13% 17% 15% 18% 18% 21% 17% 17%
5 -1 5 21 1 3 3 110 8 12 72 5 37
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 5 5 5 5 5 5 5 5 5 6 6 6
Profit before tax 41 24 22 40 21 27 41 143 44 53 124 41 71
Tax % 31% -14% 24% 13% 27% 30% 18% 6% 25% 15% 11% 25% 14%
28 28 17 35 15 19 34 134 33 45 110 31 61
EPS in Rs 3.94 3.86 2.34 4.87 2.10 2.67 4.72 18.72 4.62 6.28 15.43 4.30 8.49
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
554 438 437 420 493 510 619 736 598 654 795 1,004 1,001
475 371 357 356 400 417 525 635 524 537 694 834 816
Operating Profit 79 66 80 64 93 93 94 101 74 117 101 170 185
OPM % 14% 15% 18% 15% 19% 18% 15% 14% 12% 18% 13% 17% 18%
37 10 34 12 32 61 70 92 46 8 29 132 127
Interest 8 12 14 6 2 0 0 1 0 1 0 0 0
Depreciation 15 16 17 16 19 17 17 18 20 20 20 21 23
Profit before tax 93 48 83 53 104 137 147 174 101 104 110 281 288
Tax % 22% 28% 20% 22% 21% 20% 19% 29% 31% 23% 22% 13%
72 35 66 42 82 110 120 123 70 80 86 246 247
EPS in Rs 10.13 4.87 9.29 5.83 11.48 15.33 16.74 17.19 9.72 11.19 11.98 34.33 34.50
Dividend Payout % 25% 37% 22% 51% 40% 59% 60% 47% 206% 18% 167% 64%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 19%
TTM: 3%
Compounded Profit Growth
10 Years: 22%
5 Years: 15%
3 Years: 55%
TTM: 12%
Stock Price CAGR
10 Years: 23%
5 Years: 32%
3 Years: 63%
1 Year: 150%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 21%
Last Year: 35%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 302 322 376 395 440 540 601 649 521 601 671 716 757
112 156 114 23 2 2 2 3 3 3 0 0 0
79 68 65 70 100 60 123 89 75 116 99 113 199
Total Liabilities 507 561 569 502 556 618 741 755 613 733 785 844 970
93 126 124 123 120 112 112 131 128 126 134 150 147
CWIP 2 2 7 3 0 1 7 2 2 0 6 2 14
Investments 132 182 198 172 163 253 186 215 155 147 151 155 155
280 251 240 204 272 251 435 407 328 460 493 536 653
Total Assets 507 561 569 502 556 618 741 755 613 733 785 844 970

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 81 89 61 59 58 24 47 59 59 1 68
3 -84 -3 63 31 -31 35 33 182 -38 -41 127
-34 -3 -82 -103 -45 -70 -59 -79 -194 -1 -15 -201
Net Cash Flow -0 -7 4 21 45 -42 -0 -0 47 21 -54 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 52 75 77 65 73 68 67 65 89 94 89 84
Inventory Days 86 131 111 122 112 121 132 100 102 148 142 146
Days Payable 39 39 53 35 53 50 66 57 57 90 55 53
Cash Conversion Cycle 99 167 135 151 132 139 133 108 134 153 176 177
Working Capital Days 93 102 96 82 78 101 82 92 116 133 148 143
ROCE % 23% 12% 19% 12% 24% 25% 25% 26% 16% 18% 17% 40%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.88% 67.88% 67.88% 67.88% 67.88% 67.88% 67.88% 67.88% 67.88% 67.88% 67.88% 67.88%
0.26% 0.38% 0.34% 0.31% 0.37% 0.74% 1.15% 1.88% 1.87% 2.07% 2.35% 3.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.03% 0.02% 0.02% 0.08% 0.13%
31.84% 31.72% 31.76% 31.79% 31.73% 31.37% 30.95% 30.20% 30.23% 30.04% 29.69% 28.97%
No. of Shareholders 32,19434,70134,63136,27935,75543,25743,18040,57140,55048,39947,75151,172

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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