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Banco Products (India) Limited

Banco Products (India) Limited

BANCOINDIA.NS
Banco Products (India) LimitedIN flagNational Stock Exchange of India
674.85
INR
-7.00
- -
96.53BMarket Cap
Banco Products (India) Limited
BANCOINDIA.NS
(National Stock Exchange of India)

Recent

price

674.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
60.98
70.21
70.51
79.98
77.71
84.19
85.1
107.5
107.45
97.94
105.68
134.71
160.84
191.71
222.81
- -
268.81
Revenue per Share
4.59
5.35
4.29
6.28
6.13
6.28
6.8
4.83
4.83
5.35
7.95
10.66
16.47
18.97
27.39
- -
33.48
Basic EPS, GAAP
-7.47
3.41
3.88
5.83
4.23
3.19
5.47
3.41
1.46
1.22
8.72
-1.24
-11.67
25.37
7
- -
- -
Free Cash Flow per Basic Share
0.99
1.49
1.25
1.75
0.4
1.25
4.5
4.1
5.4
11.5
- -
1
14
17
11
- -
- -
Dividend per Share
1
15.37
18.18
23.08
27.14
32.39
34.34
38.29
37.55
29.04
37.47
47.13
49.6
51.57
68.96
- -
1.99
Book Value per Share
24.51
29.52
32.8
40.86
43.12
48.98
50.17
56.37
58.16
48.73
57.05
67.93
69.42
73.29
90.88
- -
116.61
Tangible Book Value per Share
143
143
143
143
143
143
143
143
143
143
143
143
143
143
143
- -
144
Basic Weighted Avg Shares
8,722
10,042
10,085
11,440
11,116
12,043
12,173
15,377
15,369
14,010
15,117
19,269
23,005
27,421
31,872
38,674
38,674
Sales/Revenue/Turnover
10.82
10.27
8.95
11.58
6.15
9.28
9.06
10.05
10.04
6.96
10.09
11.64
13.44
12.85
16.22
14.13
14.13
Operating Margin (%)
191
210
289
324
338
347
333
328
334
328
337
479
563
760
943
1,345
1,345
Depreciation Expense
656
765
613
898
877
899
972
691
691
766
1,137
1,524
2,356
2,714
3,918
4,817
4,817
Net Income, GAAP
23
25.07
25.75
26.2
22.32
24.76
30.97
45.37
45.37
31.3
24.1
31.88
24.21
25.17
26.66
25.22
25.22
Effective Tax Rate (%)
7.52
7.62
6.08
7.85
7.89
7.46
7.99
4.49
4.49
5.47
7.52
7.91
10.24
9.9
12.29
12.45
12.45
Profit Margin (%)
1,757
2,383
1,845
2,445
3,819
4,773
5,186
6,034
6,550
5,395
6,769
7,951
8,053
8,345
10,924
14,119
14,119
Working Capital
1
649
518
283
78
- -
- -
11
62
62
59
836
1,471
2,013
2,361
1,605
1,605
LT Debt
3,524
4,234
4,725
5,887
6,198
7,032
7,195
8,077
8,327
7,100
8,284
9,817
10,015
10,515
13,028
16,843
16,843
Total Equity
19.16
16.59
10.55
13.45
7.48
12.03
10.14
10.52
9.86
8.07
14.16
15.83
18.73
18.27
22.67
19.6
19.6
Return on Invested Capital (%)
115.93
42.43
16.55
20.16
19.78
19.65
19
12.74
12.22
14.34
21.84
23.08
25.32
25.04
30.19
45.28
45.28
Return on Capital (%)
458.8
65.38
25.55
30.44
24.41
21.11
20.37
13.3
12.74
16.08
23.91
25.19
34.05
37.51
45.45
94.91
94.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
5,052
- -
4,533
LT Borrowings
263
- -
220
LT Finance Leases
1,972
- -
1,385
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
143
- -
143
Market Capitalization
118,805
98,528
72,561

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
24,487
- -
25,431
Cash, Cash Equivalents & STI
1,906
- -
2,070
Accounts Receivable, Net
7,687
- -
7,380
Inventories
13,764
- -
14,983
Total Current Liabilities
10,253
- -
11,312
Payables & Accruals
- -
- -
- -
ST Debt
5,052
- -
4,533
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.83%
15.74%
29.28%
Free Cash Flow
105.27%
95.31%
140.88%
Net Income, GAAP
- -
34.22%
22.94%
Sales/Revenue/Turnover
13%
20.73%
21.34%
Total Cash Common Dividend
- -
246.24%
36.37%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,414
7,179
5,654
7,174
27,421
2025
7,973
8,888
6,327
8,684
31,872
2026
9,631
10,314
7,818
10,911
38,674

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.81
4.62
4.78
- -
18.97
2025
4.8
9.7
2.16
10.73
27.39
2026
7.66
9.71
6
10.07
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
17
2025
- -
- -
- -
- -
11
2026
- -
- -
- -
- -
- -
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Business
Banco Products (India) Limited manufactures and supplies engine cooling systems and sealing solutions for automotive, off-highway, and industrial applications; its core products include radiators, charge air coolers, oil coolers for transmission and hydraulic systems, fuel coolers, battery coolers, and inverter coolers in aluminum and copper/brass configurations, along with accessories such as expansion tanks, fan motor assemblies, fan shrouds, guards, and mounting and plumbing components; engine sealing systems encompass cylinder head and peripheral gaskets, heat shields, and industrial gaskets using materials like multi-layered steel, graphite composites, steel fiber composites, compressed fiber sheets, rubber cork, rubber pre-coated beaded, edge molded, and copper gaskets. The company serves original equipment manufacturers, aftermarket distributors, and export markets across passenger cars, two/three-wheelers, utility vehicles, light/medium/heavy commercial vehicles, agricultural tractors, farm and forestry equipment, construction and material handling machinery, industrial power generation, stationary and mobile compressors, railway traction locomotives, transformer coolers, and renewable energy sectors including wind and solar. Founded in 1961 and headquartered in Vadodara, Gujarat, India, with manufacturing plants in Bhaili, Waghodia, and Ankhi, the company operates through subsidiaries such as Banco Gaskets (India) Ltd. and the wholly owned Nederlandse Radiateuren Fabriek B.V. (NRF) in Europe, maintaining a global footprint with exports to multiple continents and distribution networks in Europe and the USA. Recent developments include NRF's expansion with a new 18,613 square meter warehouse in Chitila, Romania, following a 12,700 square meter facility in Valencia, Spain, to boost efficiency and meet rising demand, as well as a February 2025 letter of intent to acquire the coating and plating business of Padra Coating Works LLP for INR 2.52 million to enhance operational capabilities. Banco Products holds Star Export House status from the Indian Ministry of Commerce and Trade, with its R&D center in Vadodara recognized by the Department of Science and Industrial Research, and all plants certified to ISO 9001 and ISO 14001 standards.