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 ₹ 5,103 Cr.
- Current Price ₹ 357
- High / Low ₹ 595 / 259
- Stock P/E 16.6
- Book Value ₹ 89.0
- Dividend Yield 3.08 %
- ROCE 27.0 %
- ROE 26.9 %
- Face Value ₹ 2.00
Pros
- Stock is providing a good dividend yield of 3.08%.
- Company has delivered good profit growth of 31.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 71.1%
Cons
- Company might be capitalizing the interest cost
* 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
Part of BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE SmallCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,024 | 1,116 | 1,129 | 1,148 | 1,239 | 1,336 | 1,567 | 1,422 | 1,533 | 1,958 | 2,332 | 2,768 | 3,062 | |
905 | 951 | 1,027 | 1,002 | 1,096 | 1,157 | 1,405 | 1,300 | 1,354 | 1,686 | 1,966 | 2,340 | 2,551 | |
Operating Profit | 119 | 165 | 102 | 146 | 144 | 179 | 161 | 122 | 178 | 272 | 366 | 428 | 511 |
OPM % | 12% | 15% | 9% | 13% | 12% | 13% | 10% | 9% | 12% | 14% | 16% | 15% | 17% |
9 | 9 | 53 | 11 | 32 | 18 | 10 | 25 | 9 | 5 | 14 | 32 | 31 | |
Interest | 16 | 19 | 8 | 3 | 2 | 2 | 4 | 3 | 4 | 5 | 13 | 21 | 24 |
Depreciation | 29 | 32 | 34 | 35 | 33 | 28 | 29 | 33 | 34 | 48 | 56 | 76 | 87 |
Profit before tax | 83 | 122 | 113 | 119 | 141 | 167 | 138 | 111 | 150 | 224 | 311 | 363 | 430 |
Tax % | 26% | 26% | 22% | 25% | 31% | 30% | 50% | 31% | 24% | 32% | 24% | 25% | |
61 | 90 | 88 | 90 | 97 | 117 | 69 | 77 | 114 | 152 | 236 | 271 | 306 | |
EPS in Rs | 4.29 | 6.28 | 6.13 | 6.29 | 6.80 | 8.17 | 4.83 | 5.36 | 7.95 | 10.66 | 16.47 | 18.98 | 21.43 |
Dividend Payout % | 21% | 16% | 24% | 37% | 66% | 61% | 83% | 187% | 13% | 94% | 67% | 53% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 22% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 32% |
3 Years: | 34% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 58% |
3 Years: | 72% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 19% |
3 Years: | 23% |
Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 458 | 574 | 605 | 674 | 705 | 793 | 818 | 696 | 814 | 967 | 987 | 1,037 | 1,259 |
214 | 172 | 36 | 36 | 38 | 34 | 40 | 92 | 14 | 115 | 418 | 423 | 420 | |
168 | 183 | 164 | 232 | 211 | 356 | 322 | 287 | 344 | 405 | 435 | 508 | 648 | |
Total Liabilities | 854 | 944 | 819 | 956 | 969 | 1,197 | 1,195 | 1,089 | 1,187 | 1,502 | 1,855 | 1,982 | 2,342 |
232 | 243 | 227 | 221 | 192 | 191 | 184 | 193 | 190 | 297 | 359 | 454 | 447 | |
CWIP | 9 | 12 | 11 | 3 | 4 | 13 | 13 | 3 | 1 | 15 | 18 | 10 | 12 |
Investments | 62 | 71 | 1 | 1 | 91 | 24 | 69 | 9 | 1 | 1 | 0 | 0 | 31 |
551 | 618 | 581 | 731 | 682 | 969 | 929 | 883 | 995 | 1,190 | 1,477 | 1,518 | 1,852 | |
Total Assets | 854 | 944 | 819 | 956 | 969 | 1,197 | 1,195 | 1,089 | 1,187 | 1,502 | 1,855 | 1,982 | 2,342 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
97 | 131 | 85 | 68 | 90 | 99 | 62 | 52 | 157 | 57 | -41 | 458 | |
-104 | -42 | 88 | -17 | -59 | -22 | -52 | 149 | -59 | -104 | -23 | -114 | |
-10 | -82 | -136 | -6 | -61 | -68 | -49 | -153 | -78 | -11 | 59 | -339 | |
Net Cash Flow | -16 | 7 | 36 | 46 | -30 | 9 | -39 | 49 | 20 | -58 | -6 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 69 | 70 | 57 | 70 | 60 | 70 | 63 | 75 | 64 | 60 | 65 | 63 |
Inventory Days | 178 | 172 | 152 | 190 | 171 | 217 | 191 | 212 | 234 | 225 | 271 | 210 |
Days Payable | 53 | 57 | 39 | 71 | 51 | 90 | 102 | 99 | 118 | 95 | 95 | 90 |
Cash Conversion Cycle | 194 | 184 | 170 | 189 | 180 | 197 | 152 | 188 | 180 | 191 | 241 | 183 |
Working Capital Days | 102 | 107 | 106 | 118 | 116 | 116 | 119 | 142 | 134 | 139 | 166 | 131 |
ROCE % | 15% | 19% | 12% | 18% | 17% | 21% | 17% | 13% | 19% | 24% | 26% | 27% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Subsidiary Updates
2d - Incorporation of NRF Romania S.R.L., a new wholly owned subsidiary for market expansion.
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Press Release Issued By Wholly Owned Subsidiary Of The Company
2d - NRF establishes subsidiary and new warehouse in Romania.
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Intimation For Change Of Email Id And Website Of Registrar And Share Transfer Agent ("RTA") Of The Company.
12 Apr - Change of Email ID and Website of RTA.
-
Announcement under Regulation 30 (LODR)-Change in Management
5 Apr - Resignation of Whole-time Director and CFO, effective April 30, 2025.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
5 Apr - Resignation of Whole-time Director and CFO, effective April 30, 2025.
Annual reports
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Financial Year 2024
from bse
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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
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
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]