MarketFriction

Banco Products (India) Ltd

NSE BANCOINDIA · BSE 500039 · Auto Components & Equipments
₹589.85 -2.71%
NSE close2026-10-01
52 week range502.00 - 879.80
Market cap₹8,520 Cr.
P/E17.7
Microcap 250 Price band 20% Delivery 51.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7255717248048956398759701,0387891,0991,184
Expenses602482610671689581660788889664874971
Operating Profit1228911413320658214182149125225213
OPM %17%16%16%17%23%9%24%19%14%16%20%18%
Other Income3126217519145927206
Interest6477658788-05
Depreciation161728191920362425266035
Profit before tax104818610919739190164175119186179
Tax %36%15%20%37%30%21%19%33%20%28%21%31%
Net Profit666868691393115411013986147122
EPS in Rs4.624.784.774.809.702.1610.737.669.716.0010.318.56
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1481,2391,3361,5671,4221,5331,9582,3322,7683,2133,8964,110
Expenses1,0021,0961,1571,4051,3001,3541,6861,9662,3402,6013,2133,398
Operating Profit146144179161122178272366428611684712
OPM %13%12%13%10%9%12%14%16%15%19%18%17%
Other Income113218102595143243120112
Interest32243451321262521
Depreciation35332829333448567694135145
Profit before tax119141167138111150224311363534644659
Tax %25%31%30%50%31%24%32%24%25%27%25%
Net Profit90971176977114152236271392482495
EPS in Rs6.296.808.174.835.367.9510.6616.4718.9827.3933.6834.58
Dividend Payout %37%66%61%83%187%13%94%67%53%40%24%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%21%19%22%
Compounded Profit Growth18%32%24%11%
Stock Price CAGR19%44%34%-28%
Return on Equity21%27%30%30%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414141414141414142929
Reserves6056747057938186968149679871,0371,2741,656
Borrowings36363834409214115418423573614
Other Liabilities164232211356322287344405435508868760
Total Liabilities8199569691,1971,1951,0891,1871,5021,8551,9822,7443,058
Fixed Assets227221192191184193190297359454516472
CWIP1134131331151810511
Investments11912469911003879
Other Assets5817316829699298839951,1901,4771,5182,1852,496
Total Assets8199569691,1971,1951,0891,1871,5021,8551,9822,7443,058
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity85689099625215757-41458164380
Cash from Investing Activity88-17-59-22-52149-59-104-23-114-38-175
Cash from Financing Activity-136-6-61-68-49-153-78-1159-339-123-189
Net Cash Flow3646-309-394920-58-65316
Free Cash Flow614889492126125-15-135363121267
CFO/OP110%70%97%90%77%72%103%39%13%128%45%80%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days577060706375646065636969
Inventory Days152190171217191212234225271210289263
Days Payable3971519010299118959590128100
Cash Conversion Cycle170189180197152188180191241183231232
Working Capital Days103107105108111120132133123102106117
ROCE %12%18%17%21%17%13%19%24%26%27%32%31%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%
FIIs2.07%2.35%3.00%3.21%3.08%3.76%3.88%3.83%4.40%4.00%4.06%3.92%
DIIs0.02%0.08%0.13%0.14%0.18%0.21%0.17%0.43%0.29%0.22%0.22%0.24%
Public30.04%29.69%28.97%28.77%28.86%28.15%28.07%27.85%27.42%27.89%27.83%27.98%
No. of Shareholders48,39947,75151,17252,82358,79560,52767,94569,54072,70876,31476,78176,328

Fundamentals

Market Cap₹ 8,520 Cr.
Current Price₹ 596
Stock P/E17.7
Book Value₹ 118
ROCE30.9 %
ROE30.2 %
Dividend Yield3.86 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)11%
Consolidated figures.
Valuation
Market capRs 8,437 Cr
Enterprise valueRs 8,970 Cr
P/E (TTM)17.06x
Price to book5.01x
Price to sales2.05x
EV / EBITDA10.88x
EV / EBIT13.21x
EV / sales2.18x
Price to cash flow22.19x
Earnings yield5.86%
Dividend yield1.36%
P/E, 3-year average11.82x
P/B, 3-year average3.37x
P/E, 5-year average8.41x
P/B, 5-year average2.28x
Profitability
Operating margin (excl. other income)17.54%
Operating margin (incl. other income)20.63%
EBITDA margin20.06%
Pre-tax margin16.02%
Net profit margin12.03%
Net margin, latest quarter10.34%
ROE32.25%
ROCE32.06%
ROA16.60%
ROE, 3-year average30.66%
ROCE, 3-year average30.67%
ROA, 3-year average15.78%
ROE, 5-year average26.51%
ROCE, 5-year average28.27%
ROA, 5-year average14.54%
ROIC (approx.)22.91%
Tax rate25.22%
Other income / net worth7.13%
Growth
Sales growth (latest year)21.29%
Profit growth (latest year)22.94%
Sales CAGR, 3 years18.66%
Sales CAGR, 5 years20.52%
Profit CAGR, 3 years26.92%
Profit CAGR, 5 years33.47%
Sales growth QoQ7.75%
Profit growth QoQ-16.99%
Sales growth YoY (latest quarter)22.04%
Profit growth YoY (latest quarter)11.74%
Per share
EPS (TTM)Rs 34.57
EPS (latest year)Rs 33.68
EPS (latest quarter)Rs 8.56
EPS, 3-year averageRs 33.00
EPS, 5-year averageRs 30.65
Book value per shareRs 117.75
Sales per shareRs 287.35
Cash flow per shareRs 26.59
Free cash flow per shareRs 18.67
Dividend per share (latest year)Rs 8.00
Dividend per share, 3-year averageRs 13.00
Dividend per share, 5-year averageRs 16.20
Dividends
Dividend payout23.76%
Dividend payout, 3-year average38.87%
Dividend payout, 5-year average55.44%
Efficiency
Asset turnover1.27x
Fixed asset turnover8.25x
Inventory turnover1.68x
Inventory days218 days
Debtor days69 days
Debtors turnover5.28x
Creditor days100 days
Cash conversion cycle232 days
Working capital days117 days
Leverage
Total debtRs 614 Cr
Cash and bankRs 81 Cr
Net debtRs 533 Cr
Debt to equity0.36x
Net debt / EBITDA0.65x
Interest coverage32.78x
Current ratio (filing 2026-03-31)2.20x
Quick ratio (filing 2026-03-31)0.90x
Trade payables (filing 2026-03-31)Rs 569 Cr
Owners' fund to total sources55.08%
Debt to assets20.07%
Cash flow
Cash from Operating Activity (latest year)Rs 380 Cr
Cash from Investing Activity (latest year)Rs -175 Cr
Cash from Financing Activity (latest year)Rs -189 Cr
Net Cash Flow (latest year)Rs 16 Cr
Free cash flow (latest year)Rs 267 Cr
FCFE (approx.: FCF + change in debt)Rs 307 Cr
Cash from ops / profit, 5 years0.66x
Sales to cash flow10.25x
Statement figures
Net sales (TTM)Rs 4,110 Cr
Net sales (latest year)Rs 3,896 Cr
Sales (latest quarter)Rs 1,184 Cr
Operating profit excl. other income (latest year)Rs 684 Cr
Operating profit (latest quarter)Rs 213 Cr
Other income (TTM)Rs 112 Cr
EBITDA (TTM)Rs 824 Cr
PBDT (TTM)Rs 804 Cr
Profit before tax (TTM)Rs 659 Cr
Tax (latest year)Rs 162 Cr
Net profit (TTM)Rs 495 Cr
Net profit (latest year)Rs 482 Cr
Net profit (latest quarter)Rs 122 Cr
Depreciation (TTM)Rs 145 Cr
Depreciation (latest quarter)Rs 35 Cr
Interest (TTM)Rs 21 Cr
Cost of goods sold (latest year)Rs 2,512 Cr
Total expenditure (latest year)Rs 3,213 Cr
Total income (latest year)Rs 4,016 Cr
Share capitalRs 29 Cr
ReservesRs 1,656 Cr
Shareholders' fundsRs 1,684 Cr
Total assetsRs 3,058 Cr
Net blockRs 472 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 79 Cr
ReceivablesRs 738 Cr
InventoryRs 1,498 Cr
Other liabilitiesRs 760 Cr
Shares outstanding (crore)14.30
Ownership
Promoter holding67.88% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 17.1 is at the 66th percentile of its own 9.4-year range (median 13.3, low 6.7, high 30.5).
P/B 5.01 is at the 80th percentile (median 1.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBANCOINDIANifty 50Difference
1 week-2.1%-2.8% +0.7 pts
1 month-4.9%-6.8% +1.9 pts
3 months-14.4%-7.6% -6.8 pts
6 months+17.0%+0.4% +16.5 pts
1 year-28.9%-9.9% -18.9 pts
2 years+74.3%-13.6% +87.8 pts
3 years+137.3%+14.2% +123.1 pts
5 years+511.9%+27.9% +484.0 pts
7 mutual fund schemes hold about ₹7 Cr. Over three months 5 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.29%7 +2%
Angel One Nifty Total Market Momentum Quality 50 Index Fund0.12%0 +4%
Groww Nifty Total Market Index Fund0.01%0 +8%
Angel One Nifty Total Market Index Fund0.01%0 +8%
Mirae Asset Nifty Total Market Index Fund0.01%0 +8%
Bandhan Nifty Total Market Index Fund0.01%0 +8%
Motilal Oswal BSE 1000 Index Fund0.01%0 +8%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,184 Cr +22.1% vs Jun 2025. Net profit ₹122 Cr +10.9%.
Against our estimate for Jun 2026: sales -2.0%, profit -18.3% miss. Our estimate for Sep 2026: sales Rs 1,285 Cr, profit Rs 156 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 8 Per Share
2026-03-18Interim Dividend - Rs 8 Per Share
2025-11-19Interim Dividend - Rs 7 Per Share
2025-02-14Interim Dividend - Rs 11 Per Share
2024-12-30Bonus 1:10.5000
2024-09-12Annual General Meeting
2024-02-16Interim Dividend - Rs 20 Per Share
2023-09-07Annual General Meeting/Dividend - Rs 14 Per Share
2023-02-24Interim Dividend - Rs 8 Per Share
2022-09-06Dividend - Rs 20 Per Share
2021-09-03 Dividend - Rs 2 Per Share
2020-09-03 Annual General Meeting
2020-03-18 Interim Dividend - Rs 20 Per Share
2019-08-07 Dividend - Rs 3 Per Share
2019-02-26 Interim Dividend - Rs 5 Per Share
2018-09-06 Dividend- Rs 5.80 Per Share
2018-03-27 Interim Dividend - Rs 4.20 Per Share
2017-09-07 Dividend - Rs 4/- Per Share
2017-01-20 Interim Dividend Rs 5/- Per Share
2016-09-01 Dividend - Rs 4 Per Share
2016-02-11 Interim Dividend Re 0.60 Per Share (Purpose Revised)
2015-07-27Annual General Meeting/ Dividend - Rs 2.50/- Per Share
2015-02-26Interim Dividend - Re 0.50/- Per Share
2014-09-11Annual General Meeting / Final Dividend - Re 0.30/- Per Share
2014-02-20Interim Dividend Re 1.70/- Per Share
2013-09-10Annual General Meeting And Dividend Rs.1.80 Per Share
2012-07-24Annual General Meeting And Dividend - Rs.2.50 Per Share
2011-08-25Dividend-Rs.3/- Per Share
2010-09-16Annual General Meeting And Dividend Rs.2/- Per Share
2009-11-18Dividend-Rs.1.50 Pr Share
2008-08-21Agm/Dividend - 70%
2007-11-23Fv Split Rs.10/- To Rs.2/0.2000
2007-08-30Bonus 1:10.5000
2007-07-19Dividend-15%
2007-03-22Int Div-Rs.7.50 Per Sh Purpose Revised
DateTypeWhat it says
2026-09-30Change in ManagementChange in Management
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Banco Products (India) Ltd?

Banco Products (India) Ltd (BANCOINDIA) has a market capitalisation of Rs 8,520 Cr. at the 2026-10-01 close.

What is the P/E ratio of Banco Products (India) Ltd?

Banco Products (India) Ltd trades at a P/E of 17.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Banco Products (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Banco Products (India) Ltd sales was Rs 1,184 Cr (+22.1% vs Jun 2025) and net profit was Rs 122 Cr.

What is the 52-week high and low of Banco Products (India) Ltd?

The 52-week high is Rs 879.80 and the 52-week low is Rs 502.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03