Banco Products (India) Ltd.

•

bancoindia.comBSE: 500039NSE: BANCOINDIA

Market Cap₹ 9,024 Cr.

Current Price

High / Low₹ 880 / 502

Stock P/E18.2

Book Value₹ 126

Price to Book4.29

Dividend Yield3.65 %

ROCE35.9 %

ROE32.3 %

Face Value₹ 2

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has delivered good profit growth of 33.5% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 34.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 30.7%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 20.5% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 68.3%

CONS

Total debt has risen sharply - up 34.3% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	MOTHERSON	164.00	39.52	173092.86	0.37	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48602.60	60.66	143358.71	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1223.50	58.77	70653.11	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2650.00	84.58	51296.66	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	803.10	72.02	50123.75	0.42	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2716.60	39.40	38212.47	0.42	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11852.65	66.68	30999.93	0.09	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2528.05	57.63	28770.60	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4107.40	73.56	25631.64	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.32	38.39	24086.20	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1340.50	79.82	23757.68	0.37	108.13	74.48	1425.68	29.80	26.37	11.71
12.	BANCOINDIA	630.90	18.25	9024.22	3.65	122.38	11.74	1183.90	22.92	35.86	18.00

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	741	718	565	717	797	889	633	868	963	1,031	782	1,091	1,184
	653	602	482	610	671	689	581	660	788	889	664	874	1,011
Operating Profit	89	116	84	108	126	200	52	208	175	142	117	217	173
OPM %	11.97%	16.13%	14.83%	15.00%	15.84%	22.46%	8.22%	23.96%	18.17%	13.81%	15.01%	19.93%	14.60%
	16	3	12	6	2	17	5	19	14	59	27	20	6
Interest	5	6	4	7	7	6	5	8	7	8	8	-0	5
Depreciation	15	16	17	28	19	19	20	36	24	25	26	60	35
Profit before Tax	93	104	81	86	109	197	39	190	164	175	119	186	179
Tax %	25.63%	36.48%	15.14%	20.36%	36.72%	29.63%	20.57%	19.07%	33.32%	20.49%	27.87%	20.83%	31.48%
Net Profit	0	0	0	0	69	139	31	154	110	139	86	147	122
	9.62	9.24	4.78	4.77	4.80	9.70	2.16	10.73	7.66	9.71	6.00	10.31	8.56

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,239	1,336	1,567	1,422	1,533	1,958	2,332	2,768	3,213	3,896	4,088
	1,096	1,157	1,391	1,300	1,354	1,686	1,968	2,346	2,602	3,213	3,438
Operating Profit	144	179	176	122	178	272	364	422	610	683	650
OPM %	11.59%	13.39%	11.21%	8.59%	11.62%	13.88%	15.61%	15.26%	19.00%	17.54%	15.90%
	32	15	10	25	9	5	16	38	44	120	112
Interest	2	2	4	3	4	5	13	21	26	25	21
Depreciation	33	28	29	33	34	48	56	76	94	135	145
Profit before Tax	141	164	153	111	150	224	311	363	534	644	659
Tax %	30.97%	30.58%	45.37%	31.30%	24.10%	31.88%	24.21%	25.17%	26.66%	25.22%	24.90%
Net Profit	97	114	83	77	114	152	236	271	392	482	495
EPS	1.00	16.33	9.66	10.71	15.90	21.31	32.94	37.95	27.39	33.68	—
Dividend Payout %	66.22%	61.25%	82.82%	186.79%	12.58%	93.84%	66.79%	52.70%	40.16%	68.30%	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 21%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 33%
3 Years:: 27%

STOCK PRICE CAGR

10 Years:: 19%
5 Years:: 43%
3 Years:: 40%
1 Year:: -1%

RETURN ON EQUITY

10 Years:: 20%
5 Years:: 27%
3 Years:: 31%
Last Year:: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	14	14	14	29	29
	705	793	818	696	814	967	987	1,037	1,274	1,656
	38	34	40	91	14	98	401	385	528	564
Trade Payables	96	182	256	222	285	303	349	397	609	569
	115	174	67	65	60	118	103	149	304	240
Total Liabilities	969	1,198	1,195	1,089	1,187	1,502	1,855	1,982	2,744	3,058
	192	191	184	193	190	297	359	454	516	472
Capital Work in Progress	4	13	13	3	1	15	18	10	5	11
	91	24	69	9	1	1	0	0	38	79
	322	439	479	476	564	720	995	922	1,381	1,498
	0	0	0	0	0	0	0	481	611	738
Cash & Bank	85	200	127	70	123	82	18	63	119	81
	275	330	323	337	309	388	464	52	73	179
Total Assets	969	1,198	1,195	1,089	1,187	1,502	1,855	1,982	2,744	3,058

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	139	161	124	89	183	106	49	458	164	380
Cash from Investing	-59	-22	-52	149	-59	-104	-23	-114	-38	-175
Cash from Financing	-61	-68	-49	-153	-78	-11	59	-339	-123	-189
	-30	9	-39	49	20	-58	-6	5	3	16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.88	67.88	67.88	67.88	67.88	67.88	67.88	67.88	67.88
	3.21	3.08	3.76	3.88	3.83	4.40	4.00	4.06	3.91
	0.14	0.18	0.21	0.17	0.43	0.29	0.22	0.22	0.24
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.77	28.85	28.14	28.07	27.85	27.42	27.88	27.83	27.97

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-30

Copy of Newspaper Publication

2026-08-30 - Banco Products (I) Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Shareholders meeting

2026-08-27 - Banco Products (I) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2026

2026-08-24

Appointment

2026-08-24 - Banco Products (I) Limited has informed the Exchange regarding Appointment of Mr. Santosh Sawant as DGM - OEM Marketing of the company w.e.f. August 24, 2026.

2026-08-17

Updates

2026-08-17 - Banco Products (I) Limited has informed the Exchange regarding ''. Intimation of Record date for payment of Dividend

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Banco Products (I) Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Banco Products (I) Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-08

Record Date

2026-08-08 - Banco Products (I) Limited has informed the Exchange that Record date for the purpose of Dividend is 12-Sep-2026.

2026-08-08

Shareholders meeting

2026-08-08 - Banco Products (I) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2026

2026-08-08

Change in Management

2026-08-08 - Banco Products (I) Limited has informed the Exchange about change in Management

News

Recent coverage and analyst commentary for BANCOINDIA

Loading news…

🤖

AI Stock Analyst

Banco Products (India) Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account