WEBSITE BSE:500039 NSE: BANCO PROD. Inc. Year: 1961 Industry: Auto Ancillary
Last updated: 09:49
Banco Products (India) Ltd is a manufacturer and supplier of engine cooling modules for automotive and commercial applications. The Company designs, develops and manufactures engine cooling systems and engine sealing structures. Its engine cooling structures include radiators, charged air coolers, fuel coolers, oil coolers, battery coolers, inverter coolers in aluminium and copper configurations and add-ons, fan motor assembly, fan shroud and guard, and miscellaneous mounting plumbing add-ons. Its engine sealing systems consists of engine cylin...Read More
Banco Products (India) Ltd is a manufacturer and supplier of engine cooling modules for automotive and commercial applications. The Company designs, develops and manufactures engine cooling systems and engine sealing structures. Its engine cooling structures include radiators, charged air coolers, fuel coolers, oil coolers, battery coolers, inverter coolers in aluminium and copper configurations and add-ons, fan motor assembly, fan shroud and guard, and miscellaneous mounting plumbing add-ons. Its engine sealing systems consists of engine cylinder head and peripheral gaskets, heat shields, business gasket and static sealing elastomers. The Company caters to both home and global marketplace. Its engine cooling modules have a number of packages, which includes passenger automobiles, light commercial motors, medium and heavy business motors and other comparable system. The Company's subsidiaries include Banco Gaskets (India) Ltd and Nederlands Radiateuren Fabriek B.V. ...Read Less
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Market Cap ₹9150 Cr.
Stock P/E 23.4
P/B 5.6
Current Price ₹639.7
Book Value ₹ 114.2
Face Value 2
52W High ₹879.6
Dividend Yield 1.72%
52W Low ₹ 293
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 749 | 725 | 571 | 724 | 804 | 895 | 639 | 875 | 970 | 1038 |
| Other Income | 16 | 3 | 12 | 6 | 2 | 17 | 5 | 19 | 14 | 59 |
| Total Income | 766 | 728 | 582 | 730 | 806 | 912 | 644 | 893 | 984 | 1097 |
| Total Expenditure | 653 | 602 | 482 | 610 | 671 | 689 | 581 | 660 | 788 | 889 |
| Operating Profit | 113 | 126 | 101 | 120 | 135 | 223 | 64 | 233 | 196 | 208 |
| Interest | 5 | 6 | 4 | 7 | 7 | 6 | 5 | 8 | 7 | 8 |
| Depreciation | 15 | 16 | 17 | 28 | 19 | 19 | 20 | 36 | 24 | 25 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 93 | 104 | 81 | 86 | 109 | 197 | 39 | 190 | 164 | 175 |
| Provision for Tax | 24 | 38 | 12 | 17 | 40 | 58 | 8 | 36 | 55 | 36 |
| Profit After Tax | 69 | 66 | 68 | 68 | 69 | 139 | 31 | 154 | 110 | 139 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 69 | 66 | 68 | 68 | 69 | 139 | 31 | 154 | 110 | 139 |
| Adjusted Earnings Per Share | 4.8 | 4.6 | 4.8 | 4.8 | 4.8 | 9.7 | 2.2 | 10.7 | 7.7 | 9.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1129 | 1204 | 1239 | 1336 | 1567 | 1422 | 1533 | 1958 | 2332 | 2768 | 3213 | 3522 |
| Other Income | 53 | 11 | 32 | 15 | 10 | 25 | 9 | 5 | 16 | 38 | 43 | 97 |
| Total Income | 1182 | 1215 | 1272 | 1350 | 1577 | 1447 | 1542 | 1963 | 2348 | 2806 | 3256 | 3618 |
| Total Expenditure | 1027 | 1058 | 1096 | 1157 | 1391 | 1300 | 1354 | 1686 | 1968 | 2346 | 2601 | 2918 |
| Operating Profit | 155 | 157 | 176 | 194 | 186 | 147 | 187 | 277 | 380 | 460 | 654 | 701 |
| Interest | 8 | 3 | 2 | 2 | 4 | 3 | 4 | 5 | 13 | 21 | 26 | 28 |
| Depreciation | 34 | 35 | 33 | 28 | 29 | 33 | 34 | 48 | 56 | 76 | 94 | 105 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 113 | 119 | 141 | 164 | 153 | 111 | 150 | 224 | 311 | 363 | 534 | 568 |
| Provision for Tax | 25 | 30 | 44 | 50 | 69 | 35 | 36 | 71 | 75 | 91 | 142 | 135 |
| Profit After Tax | 88 | 90 | 97 | 114 | 83 | 77 | 114 | 152 | 236 | 271 | 392 | 434 |
| Adjustments | 0 | 0 | 0 | 3 | -14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 88 | 90 | 97 | 117 | 69 | 77 | 114 | 152 | 236 | 271 | 392 | 434 |
| Adjusted Earnings Per Share | 6.1 | 6.3 | 6.8 | 8.2 | 4.8 | 5.4 | 8 | 10.7 | 16.5 | 19 | 27.4 | 30.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 16% | 18% | 18% | 11% |
| Operating Profit CAGR | 42% | 33% | 35% | 15% |
| PAT CAGR | 45% | 37% | 38% | 16% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 73% | 81% | 50% | 28% |
| ROE Average | 33% | 28% | 23% | 17% |
| ROCE Average | 39% | 32% | 28% | 22% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 620 | 688 | 720 | 808 | 833 | 710 | 828 | 982 | 1002 | 1052 | 1303 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 8 | 0 | 0 | 1 | 6 | 6 | 6 | 5 | 38 | 36 | 25 |
| Other Non-Current Liabilities | 24 | 19 | 46 | 53 | 55 | 54 | 45 | 149 | 165 | 224 | 299 |
| Total Current Liabilities | 168 | 250 | 204 | 336 | 300 | 318 | 307 | 366 | 650 | 672 | 1118 |
| Total Liabilities | 819 | 956 | 969 | 1198 | 1195 | 1089 | 1187 | 1502 | 1855 | 1982 | 2744 |
| Fixed Assets | 227 | 221 | 192 | 191 | 184 | 193 | 190 | 297 | 359 | 454 | 516 |
| Other Non-Current Assets | 43 | 41 | 54 | 67 | 55 | 37 | 13 | 44 | 40 | 22 | 18 |
| Total Current Assets | 549 | 694 | 722 | 939 | 955 | 858 | 984 | 1161 | 1456 | 1506 | 2210 |
| Total Assets | 819 | 956 | 969 | 1198 | 1195 | 1089 | 1187 | 1502 | 1855 | 1982 | 2744 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 27 | 62 | 62 | 32 | 41 | 2 | 51 | 71 | 13 | 7 | 12 |
| Cash Flow from Operating Activities | 85 | 68 | 90 | 99 | 62 | 52 | 157 | 57 | -41 | 458 | 164 |
| Cash Flow from Investing Activities | 88 | -17 | -59 | -22 | -52 | 149 | -59 | -104 | -23 | -114 | -73 |
| Cash Flow from Financing Activities | -136 | -6 | -61 | -68 | -49 | -153 | -78 | -11 | 59 | -339 | -89 |
| Net Cash Inflow / Outflow | 36 | 46 | -30 | 9 | -39 | 49 | 20 | -58 | -6 | 5 | 3 |
| Closing Cash & Cash Equivalent | 63 | 108 | 32 | 41 | 2 | 51 | 71 | 13 | 7 | 12 | 15 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 6.13 | 6.28 | 6.8 | 8.16 | 4.83 | 5.35 | 7.95 | 10.66 | 16.47 | 18.97 | 27.39 |
| CEPS(Rs) | 8.49 | 8.71 | 9.13 | 9.9 | 7.87 | 7.64 | 10.31 | 14 | 20.41 | 24.29 | 33.99 |
| DPS(Rs) | 1.5 | 2.3 | 4.5 | 5 | 4 | 10 | 1 | 10 | 11 | 10 | 11 |
| Book NAV/Share(Rs) | 43.29 | 48.04 | 50.26 | 56.43 | 58.18 | 49.6 | 57.88 | 68.6 | 69.98 | 73.48 | 91.05 |
| Core EBITDA Margin(%) | 8.68 | 11.59 | 11.04 | 13.23 | 11.21 | 8.59 | 11.62 | 13.88 | 15.61 | 15.26 | 19.02 |
| EBIT Margin(%) | 10.3 | 9.72 | 10.97 | 12.28 | 10.01 | 8.06 | 10.01 | 11.7 | 13.87 | 13.87 | 17.43 |
| Pre Tax Margin(%) | 9.59 | 9.47 | 10.82 | 12.15 | 9.74 | 7.84 | 9.78 | 11.43 | 13.33 | 13.1 | 16.63 |
| PAT Margin (%) | 7.45 | 7.12 | 7.47 | 8.43 | 5.32 | 5.38 | 7.42 | 7.79 | 10.1 | 9.8 | 12.2 |
| Cash Profit Margin (%) | 10.33 | 9.87 | 10.03 | 10.48 | 7.18 | 7.69 | 9.62 | 10.23 | 12.52 | 12.55 | 15.13 |
| ROA(%) | 9.94 | 10.13 | 10.1 | 10.52 | 6.97 | 6.71 | 10 | 11.34 | 14.04 | 14.15 | 16.58 |
| ROE(%) | 14.52 | 13.76 | 13.83 | 14.94 | 10.17 | 9.93 | 14.79 | 16.85 | 23.77 | 26.45 | 33.3 |
| ROCE(%) | 17.13 | 17.8 | 19.28 | 20.77 | 18.31 | 13.69 | 18.68 | 24.85 | 28.2 | 29.95 | 38.7 |
| Receivable days | 60.36 | 57.21 | 59.58 | 62.29 | 61.52 | 72.53 | 67.15 | 55.42 | 57.74 | 58.96 | 62.05 |
| Inventory Days | 82.3 | 84.34 | 91.06 | 102.75 | 106.98 | 122.64 | 123.86 | 119.72 | 134.25 | 126.37 | 130.85 |
| Payable days | 48.16 | 56.28 | 57.82 | 68.91 | 87.28 | 106.41 | 105.25 | 91.76 | 88.98 | 84.97 | 105.39 |
| PER(x) | 8.53 | 8.86 | 16.44 | 12.97 | 15.87 | 6.08 | 8.84 | 6.4 | 6.83 | 15.67 | 12.59 |
| Price/Book(x) | 1.21 | 1.16 | 2.22 | 1.88 | 1.32 | 0.66 | 1.21 | 0.99 | 1.61 | 4.05 | 3.79 |
| Dividend Yield(%) | 2.87 | 4.13 | 4.03 | 4.72 | 5.22 | 30.72 | 1.42 | 14.67 | 9.78 | 3.36 | 3.19 |
| EV/Net Sales(x) | 0.64 | 0.6 | 1.25 | 1.01 | 0.64 | 0.34 | 0.59 | 0.47 | 0.81 | 1.59 | 1.6 |
| EV/Core EBITDA(x) | 4.65 | 4.6 | 8.81 | 6.96 | 5.42 | 3.3 | 4.79 | 3.3 | 4.96 | 9.59 | 7.84 |
| Net Sales Growth(%) | -2.84 | 6.69 | 2.91 | 7.77 | 17.3 | -9.23 | 7.77 | 27.75 | 19.1 | 18.72 | 16.04 |
| EBIT Growth(%) | -14.05 | 1.22 | 16.35 | 16.24 | -5.52 | -26.93 | 33.94 | 49.25 | 41.21 | 18.75 | 45.77 |
| PAT Growth(%) | -2.41 | 2.55 | 8.14 | 17.24 | -26.89 | -8.09 | 48.51 | 34.03 | 54.56 | 15.2 | 44.37 |
| EPS Growth(%) | -2.41 | 2.55 | 8.14 | 20.13 | -40.84 | 10.85 | 48.51 | 34.03 | 54.56 | 15.2 | 44.37 |
| Debt/Equity(x) | 0.06 | 0.05 | 0.05 | 0.04 | 0.05 | 0.13 | 0.02 | 0.02 | 0.29 | 0.21 | 0.24 |
| Current Ratio(x) | 3.28 | 2.78 | 3.55 | 2.8 | 3.18 | 2.7 | 3.21 | 3.17 | 2.24 | 2.24 | 1.98 |
| Quick Ratio(x) | 1.75 | 1.47 | 1.97 | 1.49 | 1.58 | 1.2 | 1.37 | 1.2 | 0.71 | 0.87 | 0.74 |
| Interest Cover(x) | 14.47 | 37.89 | 73.01 | 93.94 | 36.79 | 37 | 42.42 | 43.58 | 25.71 | 17.98 | 21.84 |
| Total Debt/Mcap(x) | 0.05 | 0.05 | 0.02 | 0.02 | 0.04 | 0.2 | 0.01 | 0.02 | 0.18 | 0.05 | 0.06 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 67.88 | 67.88 | 67.88 | 67.88 | 67.88 | 67.88 | 67.88 | 67.88 | 67.88 | 67.88 |
| FII | 2.07 | 2.35 | 3 | 3.21 | 3.08 | 3.76 | 3.88 | 3.83 | 4.4 | 4 |
| DII | 0.02 | 0.08 | 0.13 | 0.14 | 0.18 | 0.21 | 0.18 | 0.44 | 0.29 | 0.23 |
| Public | 30.03 | 29.69 | 28.98 | 28.77 | 28.85 | 28.14 | 28.06 | 27.85 | 27.42 | 27.88 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 4.85 | 4.85 | 4.85 | 4.85 | 4.85 | 9.71 | 9.71 | 9.71 | 9.71 | 9.71 |
| FII | 0.15 | 0.17 | 0.21 | 0.23 | 0.22 | 0.54 | 0.55 | 0.55 | 0.63 | 0.57 |
| DII | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.06 | 0.04 | 0.03 |
| Public | 2.15 | 2.12 | 2.07 | 2.06 | 2.06 | 4.03 | 4.01 | 3.98 | 3.92 | 3.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7.15 | 7.15 | 7.15 | 7.15 | 7.15 | 14.3 | 14.3 | 14.3 | 14.3 | 14.3 |
* The pros and cons are machine generated.
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