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 ₹ 2,037 Cr.
- Current Price ₹ 285
- High / Low ₹ 293 / 151
- Stock P/E 8.65
- Book Value ₹ 140
- Dividend Yield 7.02 %
- ROCE 25.7 %
- ROE 23.8 %
- Face Value ₹ 2.00
Pros
- Stock is providing a good dividend yield of 7.02%.
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
986 | 1,024 | 1,116 | 1,129 | 1,148 | 1,239 | 1,336 | 1,567 | 1,422 | 1,533 | 1,958 | 2,332 | |
864 | 905 | 951 | 1,027 | 1,002 | 1,096 | 1,157 | 1,405 | 1,300 | 1,354 | 1,686 | 1,968 | |
Operating Profit | 122 | 119 | 165 | 102 | 146 | 144 | 179 | 161 | 122 | 178 | 272 | 364 |
OPM % | 12% | 12% | 15% | 9% | 13% | 12% | 13% | 10% | 9% | 12% | 14% | 16% |
10 | 9 | 9 | 53 | 11 | 32 | 18 | 10 | 25 | 9 | 5 | 16 | |
Interest | 8 | 16 | 19 | 8 | 3 | 2 | 2 | 4 | 3 | 4 | 5 | 13 |
Depreciation | 21 | 29 | 32 | 34 | 35 | 33 | 28 | 29 | 33 | 34 | 48 | 56 |
Profit before tax | 102 | 83 | 122 | 113 | 119 | 141 | 167 | 138 | 111 | 150 | 224 | 311 |
Tax % | 25% | 26% | 26% | 22% | 25% | 31% | 30% | 50% | 31% | 24% | 32% | 24% |
Net Profit | 77 | 61 | 90 | 88 | 90 | 97 | 117 | 69 | 77 | 114 | 152 | 236 |
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 |
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: | 55% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 6% |
3 Years: | 61% |
1 Year: | 70% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
147 | 214 | 172 | 36 | 36 | 38 | 34 | 40 | 92 | 14 | 115 | 418 | |
153 | 168 | 183 | 164 | 232 | 211 | 356 | 322 | 287 | 344 | 405 | 465 | |
Total Liabilities | 724 | 854 | 944 | 819 | 956 | 969 | 1,197 | 1,195 | 1,089 | 1,187 | 1,502 | 1,884 |
201 | 232 | 243 | 227 | 221 | 192 | 191 | 184 | 193 | 190 | 297 | 359 | |
CWIP | 3 | 9 | 12 | 11 | 3 | 4 | 13 | 13 | 3 | 1 | 15 | 18 |
Investments | 39 | 62 | 71 | 1 | 1 | 91 | 24 | 69 | 9 | 1 | 1 | 0 |
480 | 551 | 618 | 581 | 731 | 682 | 969 | 929 | 883 | 995 | 1,190 | 1,506 | |
Total Assets | 724 | 854 | 944 | 819 | 956 | 969 | 1,197 | 1,195 | 1,089 | 1,187 | 1,502 | 1,884 |
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% |
Documents
Announcements
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 ("Listing Regulations, 2015") 20 May
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 20Th May, 2023 20 May
- Outcome Of The Board Meeting Held On 20Th May, 2023 20 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
16 May - Annual Secretarial Compliance Report issued by M/s. J.J. Gandhi & Co., Practicing Company Secretaries, for the financial year ended 31st March, 2023.
- Board Meeting Intimation for Board Meeting Intimation For Approval Of Annual Accounts For The Financial Year Ended 31St March, 2023 And Recommendation Of Final Dividend, If Any. 9 May
Annual reports
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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
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Product Portfolio
It manufactures Engine Cooling Modules such as Radiators, Charged Air Coolers, Fuel Coolers, Oil Coolers, and Condensers.
It offers both Copper Brass coolers and Aluminum coolers. Its product is used in Passenger Cars, Light Commercial Vehicles, Medium, and Heavy Commercial Vehicle, Agricultural Tractors, High-Performance Bikes, Harvesters, Construction Machineries, Power Generation Equipment, Traction Rail locomotives, and other similar equipment. [1]