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Banco Products (India) Limited

Banco Products (India) Limited

NSE: BANCOINDIA
Auto PartsConsumer CyclicalMID CAPMCap ₹8.65k Cr
₹604.55₹2.40 (+0.40%)

Market Closed • NSE

Market cap₹8.65k Cr
Enterprise value₹9.06k Cr
P/E TTM17.60
P/B5.13
EPS TTM₹34.34
ROCE30.90%
D/E0.36
Dividend yield0.03%
Face value₹2.00
52W high₹865.00
52W low₹502.00
Price chart(1Y)
1Y Return:-12.33% (₹85.00)
H: ₹708.95L: ₹578.05
1W+1.91%
1M+1.94%
3M-7.03%
6M-3.16%
1Y-18.68%
Today at a glance

Day range

₹596.75₹607.45

52 week range

₹502.00₹865.00
Volume45.9K0.74x 20D avg
Free float50.00%-26.10% volume

Banco Products (India) Limited closed at INR604.55 (+0.4%) on volume 0.74x its 20-day average, trading 30.11% below its 52-week high.

Technical analysis
RSI (14)50.9Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹14.30Moderate
SMA 20₹598.61BULLISH
SMA 50₹612.87BEARISH
SMA 100₹636.43BEARISH
SMA 200₹623.19BEARISH
CPR bottom₹601.55
Pivot₹601.75
CPR top₹601.95
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -17% QoQ

2026-09-11

DIVIDEND Announced

Dividend - Rs 8 Per Share

2026-03-18

DIVIDEND Announced

Interim Dividend - Rs 8 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹613.8 Cr₹8.65k Cr7.10%≤ 33%PASS
Non-halal income ratio–₹3.87k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹3.03k Cr₹3.06k Cr98.99%≥ 20%PASS
Receivables ratio–₹3.06k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E17.6026.80
Forward P/E——
P/B5.132.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield5.703.70
Growth & profitability
RevenuePAT
FY24PAT margin 9.80%
FY25PAT margin 12.20%
FY26PAT margin 12.40%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.40%
Revenue CAGR 5Y+6.90%
PAT CAGR 3Y+7.10%
PAT CAGR 5Y+12.20%
Operating margin15.04%
Net margin12.03%
Financial health & cash flow
Net debt₹583.0 CrModerate
Interest coverage24.20xEBIT / interest
CFO / PAT0.68x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹380.3 Cr
Capital expenditure–
Free cash flow₹241.2 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall78/100
Valuation60/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 30.9%

Low Debt Profile: Debt-to-Equity is comfortable at 0.36x

Attractive Valuation: P/E of 17.6x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Auto Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
4.28%Institutional holding
27.83%Public holding
5Periods available
0.00%Promoter pledged
76.78KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
12 Sept 2026Dividend₹8.00 / share—11 Sept 2026
19 Mar 2026Dividend₹8.00 / share—18 Mar 2026
19 Nov 2025Dividend₹7.00 / share—19 Nov 2025
14 Feb 2025Dividend₹11.00 / share—14 Feb 2025
30 Dec 2024Bonus issue1:1 bonus ratio—30 Dec 2024
—Annual General MeetingAnnual General Meeting—12 Sept 2024
16 Feb 2024Dividend₹20.00 / share—16 Feb 2024
—Dividend₹14.00 / share—07 Sept 2023
25 Feb 2023Dividend₹8.00 / share—24 Feb 2023
—Dividend₹20.00 / share—06 Sept 2022
—Dividend₹2.00 / share—03 Sept 2021
—Annual General MeetingAnnual General Meeting—03 Sept 2020
19 Mar 2020Dividend₹20.00 / share—18 Mar 2020
—Dividend₹3.00 / share—07 Aug 2019
27 Feb 2019Dividend₹5.00 / share—26 Feb 2019
—Dividend₹5.80 / share—06 Sept 2018
28 Mar 2018Dividend₹4.20 / share—27 Mar 2018
—Dividend₹4.00 / share—07 Sept 2017
23 Jan 2017Dividend₹5.00 / share—20 Jan 2017
—Dividend₹4.00 / share—01 Sept 2016
12 Feb 2016Dividend₹0.60 / share—11 Feb 2016
—Dividend₹2.50 / share—27 Jul 2015
27 Feb 2015Dividend₹0.50 / share—26 Feb 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)51.34%+0.12% latest vs average
Highest delivery61.60%on 25 Sept
Average volume (20D)62.1KTrading-session average
Conviction trendStrengthening+0.12% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About Banco Products (India) Limited
Banco Products (India) Limited

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]

IndiaConsumer Cyclical

Questions investors ask
Is Banco Products (India) Limited Shariah compliant?

Banco Products (India) Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (7.1%) complies with AAOIFI threshold (≤ 33%).

What is Banco Products (India) Limited's current valuation relative to peers?

Banco Products (India) Limited trades at a P/E of 17.6x compared to the sector median of 26.8x, and a Price-to-Book of 5.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.36x. Interest coverage is 24.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 6.9% while net profit growth averaged 12.2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.