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 ₹ 4,875 Cr.
- Current Price ₹ 681
- High / Low ₹ 799 / 411
- Stock P/E 28.2
- Book Value ₹ 104
- Dividend Yield 2.94 %
- ROCE 40.4 %
- ROE 34.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%
- Company has been maintaining a healthy dividend payout of 95.7%
Cons
- Earnings include an other income of Rs.71.0 Cr.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
438 | 437 | 420 | 493 | 510 | 619 | 736 | 598 | 654 | 795 | 1,004 | 1,011 | 996 | |
371 | 357 | 356 | 400 | 417 | 525 | 635 | 524 | 537 | 694 | 834 | 831 | 828 | |
Operating Profit | 66 | 80 | 64 | 93 | 93 | 94 | 101 | 74 | 117 | 101 | 170 | 181 | 168 |
OPM % | 15% | 18% | 15% | 19% | 18% | 15% | 14% | 12% | 18% | 13% | 17% | 18% | 17% |
10 | 34 | 12 | 32 | 61 | 70 | 92 | 46 | 8 | 29 | 132 | 142 | 71 | |
Interest | 12 | 14 | 6 | 2 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 3 |
Depreciation | 16 | 17 | 16 | 19 | 17 | 17 | 18 | 20 | 20 | 20 | 21 | 24 | 25 |
Profit before tax | 48 | 83 | 53 | 104 | 137 | 147 | 174 | 101 | 104 | 110 | 281 | 297 | 211 |
Tax % | 28% | 20% | 22% | 21% | 20% | 19% | 29% | 31% | 23% | 22% | 13% | 14% | |
35 | 66 | 42 | 82 | 110 | 120 | 123 | 70 | 80 | 86 | 246 | 255 | 173 | |
EPS in Rs | 4.87 | 9.29 | 5.83 | 11.48 | 15.33 | 16.74 | 17.19 | 9.72 | 11.19 | 11.98 | 34.33 | 35.69 | 24.14 |
Dividend Payout % | 37% | 22% | 51% | 40% | 59% | 60% | 47% | 206% | 18% | 167% | 64% | 56% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 16% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 17% |
3 Years: | 47% |
TTM: | -46% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 45% |
3 Years: | 51% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 22% |
3 Years: | 28% |
Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 322 | 376 | 395 | 440 | 540 | 601 | 649 | 521 | 601 | 671 | 716 | 728 |
156 | 114 | 23 | 2 | 2 | 2 | 3 | 3 | 3 | 0 | 0 | 5 | |
68 | 65 | 70 | 100 | 60 | 123 | 89 | 75 | 116 | 99 | 113 | 108 | |
Total Liabilities | 561 | 569 | 502 | 556 | 618 | 741 | 755 | 613 | 733 | 785 | 844 | 855 |
126 | 124 | 123 | 120 | 112 | 112 | 131 | 128 | 126 | 134 | 150 | 153 | |
CWIP | 2 | 7 | 3 | 0 | 1 | 7 | 2 | 2 | 0 | 6 | 2 | 8 |
Investments | 182 | 198 | 172 | 163 | 253 | 186 | 215 | 155 | 147 | 151 | 155 | 160 |
251 | 240 | 204 | 272 | 251 | 435 | 407 | 328 | 460 | 493 | 536 | 534 | |
Total Assets | 561 | 569 | 502 | 556 | 618 | 741 | 755 | 613 | 733 | 785 | 844 | 855 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
81 | 89 | 61 | 59 | 58 | 24 | 47 | 59 | 59 | 1 | 68 | 154 | |
-84 | -3 | 63 | 31 | -31 | 35 | 33 | 182 | -38 | -41 | 127 | 93 | |
-3 | -82 | -103 | -45 | -70 | -59 | -79 | -194 | -1 | -15 | -201 | -244 | |
Net Cash Flow | -7 | 4 | 21 | 45 | -42 | -0 | -0 | 47 | 21 | -54 | -6 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 75 | 77 | 65 | 73 | 68 | 67 | 65 | 89 | 94 | 89 | 84 | 73 |
Inventory Days | 131 | 111 | 122 | 112 | 121 | 132 | 100 | 102 | 148 | 142 | 146 | 157 |
Days Payable | 39 | 53 | 35 | 53 | 50 | 66 | 57 | 57 | 90 | 55 | 50 | 50 |
Cash Conversion Cycle | 167 | 135 | 151 | 132 | 139 | 133 | 108 | 134 | 153 | 176 | 180 | 180 |
Working Capital Days | 102 | 96 | 82 | 78 | 101 | 82 | 92 | 116 | 133 | 148 | 143 | 143 |
ROCE % | 12% | 19% | 12% | 24% | 25% | 25% | 26% | 16% | 18% | 17% | 40% | 40% |
Documents
Announcements
- Closure of Trading Window 1d
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 21 Sep
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Announcement under Regulation 30 (LODR)-Cessation
21 Sep - Completion of terms for two Independent Directors.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 20 Sep
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
14 Sep - Intimation of lost share certificates and issuance of duplicates.
Annual reports
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Financial Year 2024
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Financial Year 2023
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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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Product Portfolio
The company’s product portfolio comprises engine cooling modules such as radiators, charged air coolers, fuel coolers, oil coolers, AC condensers, deaeration plastic tanks, metal-layered gaskets, and hybrid elastomeric molded gaskets. [1]