Banco Products (India) Ltd

₹ 672 -0.61%

17 Jun 1:53 p.m.

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
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]

Website BSE NSE

Market Cap ₹ 9,607 Cr.
Current Price ₹ 672
High / Low ₹ 880 / 502
Stock P/E 22.9
Book Value ₹ 73.6
Dividend Yield 2.22 %
ROCE 49.2 %
ROE 44.0 %
Face Value ₹ 2.00

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 39.2% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 37.8%
Company has been maintaining a healthy dividend payout of 47.5%

Cons

Stock is trading at 9.19 times its book value
Tax rate seems low
Earnings include an other income of Rs.291 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Total Market Momentum Quality 50 Nifty Smallcap 500

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	254	272	242	233	264	257	282	257	308	301	288	301	355
	208	215	200	194	222	212	231	214	251	242	240	257	299
Operating Profit	46	57	42	39	42	45	51	43	57	60	48	44	56
OPM %	18%	21%	17%	17%	16%	17%	18%	17%	19%	20%	17%	15%	16%
	12	72	5	37	28	1	6	35	102	11	109	5	166
Interest	0	0	0	0	1	2	0	0	0	0	0	0	-0
Depreciation	5	6	6	6	6	6	6	7	7	7	7	7	7
Profit before tax	53	124	41	71	62	38	51	71	152	64	149	41	215
Tax %	15%	11%	25%	14%	14%	26%	25%	11%	10%	25%	8%	25%	6%
	45	110	31	61	53	28	38	63	137	48	138	31	202
EPS in Rs	3.14	7.72	2.15	4.25	3.73	1.94	2.65	4.42	9.60	3.35	9.63	2.19	14.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	420	493	510	619	736	598	654	795	1,004	1,011	1,105	1,245
	356	400	417	525	635	524	537	694	834	831	909	1,037
Operating Profit	64	93	93	94	101	74	117	101	170	181	196	208
OPM %	15%	19%	18%	15%	14%	12%	18%	13%	17%	18%	18%	17%
	12	32	61	70	92	46	8	29	132	142	144	291
Interest	6	2	0	0	1	0	1	0	0	1	3	1
Depreciation	16	19	17	17	18	20	20	20	21	24	26	28
Profit before tax	53	104	137	147	174	101	104	110	281	297	311	470
Tax %	22%	21%	20%	19%	29%	31%	23%	22%	13%	14%	14%	11%
	42	82	110	120	123	70	80	86	246	255	266	419
EPS in Rs	2.91	5.74	7.67	8.37	8.60	4.86	5.60	5.99	17.17	17.85	18.61	29.28
Dividend Payout %	51%	40%	59%	60%	47%	206%	18%	167%	64%	56%	59%	27%

Compounded Sales Growth
10 Years:	10%
5 Years:	14%
3 Years:	7%
TTM:	13%

Compounded Profit Growth
10 Years:	18%
5 Years:	39%
3 Years:	20%
TTM:	58%

Stock Price CAGR
10 Years:	25%
5 Years:	49%
3 Years:	64%
1 Year:	13%

Return on Equity
10 Years:	26%
5 Years:	33%
3 Years:	38%
Last Year:	44%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	14	14	14	14	14	29	29
Reserves	395	440	540	601	649	521	601	671	716	728	822	1,025
	23	2	2	2	3	3	3	0	0	5	7	0
	70	100	60	123	89	75	116	99	113	108	220	175
Total Liabilities	502	556	618	741	755	613	733	785	844	855	1,078	1,228
	123	120	112	112	131	128	126	134	150	153	164	177
CWIP	3	0	1	7	2	2	0	6	2	8	2	4
Investments	172	163	253	186	215	155	147	151	155	160	221	236
	204	272	251	435	407	328	460	493	536	534	691	811
Total Assets	502	556	618	741	755	613	733	785	844	855	1,078	1,228

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	61	59	58	24	47	59	59	1	68	154	95	161
	63	31	-31	35	33	182	-38	-41	127	93	66	73
	-103	-45	-70	-59	-79	-194	-1	-15	-201	-244	-160	-215
Net Cash Flow	21	45	-42	-0	-0	47	21	-54	-6	3	1	19
Free Cash Flow	53	47	57	-2	20	48	40	-31	34	119	69	100
CFO/OP	114%	87%	94%	73%	83%	105%	64%	22%	65%	111%	72%	104%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	65	73	68	67	65	89	94	89	84	73	89	88
Inventory Days	122	112	121	132	100	102	148	142	146	157	154	138
Days Payable	35	53	50	66	57	57	90	55	50	50	56	62
Cash Conversion Cycle	151	132	139	133	108	134	153	176	180	180	186	165
Working Capital Days	82	76	99	80	91	114	131	148	143	141	115	172
ROCE %	12%	24%	25%	25%	26%	16%	18%	17%	40%	40%	39%	49%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2023

Mar 2024

Mar 2025

Total Workforce (Employees + Workers)
Number

xxx	xxx	xxx	xxx	xxx	xxx	xxx	x,xxx	x,xxx	x,xxx
x		x		x	x	x		x	x
							xxx	xxx	xxx
								xx	x
							x.xx	x.xx
									xx,xxx
									x,xxx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx

Please log in to see hidden values.

Number of Manufacturing Plants (Group/Consolidated)
Number

Number of Primary Channel Partners (India)
Number

Number of International Distribution Centers / Warehouses
Number

Water Intensity per Unit of Physical Output
KL/Unit

Number of Aftermarket SKUs (NRF Subsidiary)
Number

Number of Secondary Distribution Partners (India)
Number

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%
	1.87%	2.07%	2.35%	3.00%	3.21%	3.08%	3.76%	3.88%	3.83%	4.40%	4.00%	4.06%
	0.02%	0.02%	0.08%	0.13%	0.14%	0.18%	0.21%	0.17%	0.43%	0.29%	0.22%	0.22%
	30.23%	30.04%	29.69%	28.97%	28.77%	28.86%	28.15%	28.07%	27.85%	27.42%	27.89%	27.83%
No. of Shareholders	40,550	48,399	47,751	51,172	52,823	58,795	60,527	67,945	69,540	72,708	76,314	76,781

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%	67.88%
	0.40%	0.75%	0.83%	0.72%	0.26%	0.31%	1.88%	3.00%	3.88%	4.06%
	4.32%	4.33%	3.92%	2.77%	0.02%	0.02%	0.03%	0.13%	0.17%	0.22%
	27.39%	27.03%	27.36%	28.63%	31.83%	31.79%	30.20%	28.97%	28.07%	27.83%
No. of Shareholders	22,063	22,966	24,859	26,837	31,346	36,279	40,571	51,172	67,945	76,781

* 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.

Click on the line-items to see the names of individual entities.

Banco Products (India) Ltd

Banco Products (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings