Banco Products (India) Ltd

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

Banco Products (India) Ltd

₹ 631 1.97%
25 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 ₹ 4,516 Cr.
  • Current Price ₹ 631
  • High / Low ₹ 734 / 246
  • Stock P/E 17.8
  • Book Value ₹ 146
  • Dividend Yield 3.48 %
  • ROCE 25.8 %
  • ROE 23.9 %
  • Face Value ₹ 2.00
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Pros

  • Stock is providing a good dividend yield of 3.49%.
  • Company has been maintaining a healthy dividend payout of 57.7%

Cons

  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
376 445 501 549 402 507 586 628 509 609 749 725 571
321 418 429 468 363 427 519 569 369 511 653 602 482
Operating Profit 54 27 72 81 40 80 67 59 140 98 97 122 89
OPM % 14% 6% 14% 15% 10% 16% 11% 9% 28% 16% 13% 17% 16%
2 1 8 0 -3 -1 1 10 1 3 16 3 12
Interest 1 2 1 1 1 3 2 1 3 7 5 6 4
Depreciation 9 8 8 8 8 24 12 12 13 20 15 16 17
Profit before tax 47 18 71 72 28 53 55 56 126 74 93 104 81
Tax % 22% -4% 36% 31% 40% 23% 37% 8% 22% 31% 26% 36% 15%
37 18 46 49 17 40 35 52 98 51 69 66 68
EPS in Rs 5.15 2.57 6.42 6.88 2.39 5.62 4.84 7.23 13.73 7.14 9.62 9.24 9.55
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
986 1,024 1,116 1,129 1,148 1,239 1,336 1,567 1,422 1,533 1,958 2,332 2,654
864 905 951 1,027 1,002 1,096 1,157 1,405 1,300 1,354 1,686 1,966 2,247
Operating Profit 122 119 165 102 146 144 179 161 122 178 272 366 407
OPM % 12% 12% 15% 9% 13% 12% 13% 10% 9% 12% 14% 16% 15%
10 9 9 53 11 32 18 10 25 9 5 14 34
Interest 8 16 19 8 3 2 2 4 3 4 5 13 22
Depreciation 21 29 32 34 35 33 28 29 33 34 48 56 68
Profit before tax 102 83 122 113 119 141 167 138 111 150 224 311 351
Tax % 25% 26% 26% 22% 25% 31% 30% 50% 31% 24% 32% 24%
77 61 90 88 90 97 117 69 77 114 152 236 254
EPS in Rs 10.70 8.57 12.56 12.26 12.57 13.59 16.33 9.66 10.71 15.90 21.31 32.94 35.55
Dividend Payout % 23% 21% 16% 24% 37% 66% 61% 83% 187% 13% 94% 67%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 18%
TTM: 19%
Compounded Profit Growth
10 Years: 15%
5 Years: 15%
3 Years: 48%
TTM: 13%
Stock Price CAGR
10 Years: 23%
5 Years: 33%
3 Years: 61%
1 Year: 157%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 19%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 409 458 574 605 674 705 793 818 696 814 967 987 1,033
147 214 172 36 36 38 34 40 92 14 115 418 399
153 168 183 164 232 211 356 322 287 344 405 435 502
Total Liabilities 724 854 944 819 956 969 1,197 1,195 1,089 1,187 1,502 1,855 1,949
201 232 243 227 221 192 191 184 193 190 297 359 340
CWIP 3 9 12 11 3 4 13 13 3 1 15 18 35
Investments 39 62 71 1 1 91 24 69 9 1 1 0 0
480 551 618 581 731 682 969 929 883 995 1,190 1,477 1,574
Total Assets 724 854 944 819 956 969 1,197 1,195 1,089 1,187 1,502 1,855 1,949

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
109 97 131 85 68 90 99 62 52 157 57 -41
-88 -104 -42 88 -17 -59 -22 -52 149 -59 -104 -23
-14 -10 -82 -136 -6 -61 -68 -49 -153 -78 -11 59
Net Cash Flow 7 -16 7 36 46 -30 9 -39 49 20 -58 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 69 70 57 70 60 70 63 75 64 60 65
Inventory Days 142 178 172 152 190 171 217 191 212 234 225 271
Days Payable 45 53 57 39 71 51 90 102 99 118 95 95
Cash Conversion Cycle 163 194 184 170 189 180 197 152 188 180 191 241
Working Capital Days 98 102 107 106 118 116 116 119 142 134 139 166
ROCE % 20% 15% 19% 12% 18% 17% 21% 17% 13% 19% 24% 26%

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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