Banco Products (I) Ltd
NSE: BANCOINDIA · Auto Components & Equipments · sector
₹560.05NSE close 2026-10-26
Key numbers
Market cap₹8,012 cr
Price₹560.05
52w high / low₹865 / ₹502
P/E16.2xSector median 24.3x
P/B4.8xSector median 3.3x
Book value₹117.7
Dividend yield2.67%Sector median 0.55%
ROE37.2%Sector median 14.0%
ROCE32.2%Sector median 15.8%
OPM17.9%Sector median 11.6%
Debt / equity0.25xSector median 0.28x
EV/EBITDA11.3xSector median 13.0x
Interest cover32.8x
Current ratio2.20x
Sales growth 3y+18.7%Sector median +9.0%
Profit growth 3y+36.3%Sector median +9.5%
PEG0.61x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹159 cr vs borrowings ₹428 cr (FY26): borrowings are higher by ₹268 cr.
- Operating profit covered interest 32.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 16% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹560.05 on 2026-10-26: -35.3% from the 52-week high, +11.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,140.65 · low ₹308.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 895 | 639 | 875 | 970 | 1,038 | 789 | 1,099 | 1,184 |
| EBITDA | 206 | 58 | 214 | 182 | 149 | 143 | 228 | 213 |
| OPM % | 23.0% | 9.1% | 24.5% | 18.8% | 14.4% | 18.1% | 20.8% | 18.0% |
| Other income | 17 | 5 | 19 | 14 | 59 | 9 | 17 | 6 |
| Net profit | 139 | 31 | 147 | 164 | 168 | 102 | 162 | 124 |
| EPS (₹) | 9.70 | 2.16 | 10.73 | 7.66 | 9.71 | 6.00 | 10.31 | 8.56 |
| Revenue YoY | +16.0% | +23.5% | +25.6% | +22.0% | ||||
| Profit YoY | +20.8% | +230.9% | +10.1% | -24.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,958 | 2,332 | 2,768 | 3,213 | 3,896 | 4,110 |
| EBITDA | 272 | 364 | 422 | 611 | 703 | 734 |
| Net profit | 152 | 236 | 271 | 409 | 596 | 556 |
| EPS (₹) | 10.65 | 16.47 | 18.98 | 27.39 | 33.68 | 34.58 |
| Revenue growth | +19.1% | +18.7% | +16.0% | +21.3% | +21.6% | |
| Profit growth | +54.6% | +15.2% | +50.6% | +45.8% | +15.6% | |
| Dividend / share (₹) | 2.00 | 28.00 | 34.00 | 11.00 | 15.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +18.7% | +20.5% | +21.6% |
| Net profit | +36.3% | +39.3% | +15.6% |
| EPS | +26.9% | +33.5% | – |
| Share price | – | +30.3% (2y) | -20.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,002 | 1,052 | 1,303 | 1,684 |
| Borrowings | – | 292 | 222 | 318 | 428 |
| Cash & equivalents | – | 18 | 63 | 157 | 159 |
| Total assets | – | 1,884 | 2,027 | 2,846 | 3,058 |
| Fixed assets | – | 351 | 451 | 513 | 465 |
| Capital work in progress | – | 18 | 10 | 5 | 11 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 413 | 481 | 611 | 738 |
| Inventory | – | 995 | 922 | 1,381 | 1,498 |
| Payables | – | 349 | 397 | 609 | 569 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 57 | -41 | 458 | 164 | 380 |
| Cash from investing | -104 | -23 | -114 | -73 | -175 |
| Cash from financing | -11 | 59 | -339 | -89 | -189 |
| Capex | 75 | 125 | 91 | 98 | 139 |
| Free cash flow | -18 | -167 | 367 | 66 | 241 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 23.5% | 25.8% | 31.4% | 35.4% |
| ROCE % | – | 25.0% | 30.2% | 34.5% | 31.6% |
| Debtor days | – | 65 | 63 | 69 | 69 |
| Inventory days | – | 271 | 210 | 289 | 263 |
| Payable days | – | 95 | 90 | 128 | 100 |
| Cash conversion cycle (days) | – | 241 | 183 | 230 | 232 |
| Working capital days | – | 126 | 108 | 122 | 130 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 67.88% |
| FIIs | 3.98% |
| DIIs | 0.29% |
| of which Mutual funds | 0.10% |
| of which Insurance | 0.00% |
| Public (non-institutions) | 27.85% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% |
| Promoter group | % |
|---|---|
| Mehul Kanubhai Patel | 55.59% |
| Samir Kanubhai Patel | 7.01% |
| Hasumati Kanubhai Patel | 2.07% |
| Monal Samirbhai Patel | 1.83% |
| Banco Aluminium Private Limited | 0.81% |
| Sharan Mehul Patel | 0.28% |
| Pritty Vimal Patel | 0.18% |
| Shivam Mehul Patel | 0.09% |
| Gayatri Mehul Patel | 0.01% |
| Vimal Kanubhai Patel | 0.00% |
| Overseas Pearl Ltd | 0.00% |
| Public holders above 1% | % |
|---|---|
| Ashit Chandubhai Patel | 1.17% |
75,510 shareholders. Pledged: 0.00% of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| BANCOINDIA | ₹8,012 cr | 16.2x | 4.8x | 37.2% | 32.2% | 17.9% | +18.7% | 2.67% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 8 Per Share |
| 2026-03-18 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2025-11-19 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2025-02-14 | Dividend | Interim Dividend - Rs 11 Per Share |
| 2024-12-30 | Bonus | Bonus 1:1 |
| 2024-09-12 | Other | Annual General Meeting |
| 2024-02-16 | Dividend | Interim Dividend - Rs 20 Per Share |
| 2023-09-07 | Dividend | Annual General Meeting/Dividend - Rs 14 Per Share |
| 2023-02-24 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2022-09-06 | Dividend | Dividend - Rs 20 Per Share |
| 2021-09-03 | Dividend | Dividend - Rs 2 Per Share |
| 2020-09-03 | Other | Annual General Meeting |
| 2020-03-18 | Dividend | Interim Dividend - Rs 20 Per Share |
| 2019-08-07 | Dividend | Dividend - Rs 3 Per Share |
| 2019-02-26 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2018-09-06 | Dividend | Dividend- Rs 5.80 Per Share |
| 2018-03-27 | Dividend | Interim Dividend - Rs 4.20 Per Share |
| 2017-09-07 | Dividend | Dividend - Rs 4/- Per Share |
| 2017-01-20 | Dividend | Interim Dividend Rs 5/- Per Share |
| 2016-09-01 | Dividend | Dividend - Rs 4 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing of radiators, radiator assembly, oil coolers and other related products
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | BANCOINDIA |
| BSE code | 500039 |
| ISIN | INE213C01025 |
| Face value | ₹2.0 |
| Incorporated | 1961-03-16 |
| Website | www.bancoindia.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.