Banco Products (India) Limited BANCOINDIA NSE
Company Overview
Banco Products (India) Limited, together with its subsidiaries, engages in the manufacture and sale of heat exchangers/cooling systems in India and internationally. The company offers engine cooling systems, such as radiators, charge air coolers, oil coolers, transmission and hydraulic type, condensers, fuel coolers, battery coolers, inverter coolers configurations and accessories, expansion tanks, fan motor assembly, fan shroud and guard, and miscellaneous mounting plumbing accessories. It also provides precision-engineered sealing solutions, including cylinder head gaskets, peripheral gaskets, heat shields, compressed fibre gaskets, industrial and jointing gaskets, rubber/cork gaskets, exhaust manifold and ring gaskets, oil pan and valve cover gaskets, as well as intake manifold, water/oil pump, and transmission gaskets. The company's products are used in passenger cars; light, medium, and heavy commercial vehicles; agricultural tractors and harvesters; high-performance motorcycles; construction equipment; material handling equipment; mining machinery; traction locomotives; industrial air compressors; and standalone gensets and backup power systems for data centres. The company was incorporated in 1961 and is based in Vadodara, India.
Why Investors Should Care
Generates a return on equity of 28.6%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 34.6%.
Net profit has compounded at 26.9% per year over the last five years.
Revenue has grown at a 18.9% CAGR over the past five years.
Trades at a P/E of 24.4, below the sector median of 30.5.
Carries low leverage with a debt-to-equity ratio of 0.36.
Recent Developments
- Mar 2026 Revenue of ₹3,867.43 Cr (+21.3% YoY); net profit ₹481.68 Cr.
- Trailing 12 Months Year-on-year growth — revenue +21.3%, earnings +22.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 18.9%, profit CAGR 26.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 18.90% |
| 1 Year: | 21.34% |
Compounded Profit Growth
| 5 Years: | 26.92% |
| 1 Year: | 22.94% |
Stock Price Performance
| 1 Year: | +4.53% |
| 6 Months: | -0.64% |
| 3 Months: | +12.05% |
| 1 Month: | -2.71% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)51.40 · Neutral
P/E of 24.42 is below the sector median of 30.52 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 28.6%.
- Healthy ROCE of 34.6%.
- Compounding revenue at 18.9% over 5 years.
- Profit CAGR of 26.9% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BANCOINDIA Banco Products (India) Limited NSE | 668.80 | 24.42 | ₹9,566.33 Cr | 2.35% | 34.60% | 28.60% | 18.90% | 26.92% |
| 2 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 13,542.00 | 29.36 | ₹4.26 L Cr | 1.01% | 17.22% | 13.70% | 16.60% | 21.11% |
| 3 | TITAN Titan Company Limited NIFTY50NSE | 4,602.10 | 80.47 | ₹4.09 L Cr | 0.33% | 38.43% | 32.31% | 29.24% | 16.00% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 3,108.80 | 20.43 | ₹3.87 L Cr | 1.05% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,348.50 | 26.92 | ₹2.89 L Cr | 1.48% | 26.12% | 27.67% | 19.49% | 21.03% |
| 6 | ETERNAL Eternal Limited NSEAITECH | 290.35 | 744.49 | ₹2.80 L Cr | 0.00% | 2.87% | 1.18% | 97.70% | 45.90% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,354.50 | 42.67 | ₹2.02 L Cr | 1.11% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 3,644.70 | 57.37 | ₹1.73 L Cr | 0.33% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,035.00 | 30.44 | ₹1.65 L Cr | 1.06% | 32.62% | 27.14% | 5.50% | 4.87% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 609.00 Cr | 749.00 Cr | 725.00 Cr | 571.00 Cr | 724.00 Cr | 804.00 Cr | 895.00 Cr | 639.00 Cr | 868.40 Cr | 963.14 Cr | 1,031.36 Cr | 781.83 Cr | 1,091.10 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 432.89 Cr | 549.99 Cr | 563.72 Cr | 382.01 Cr | 581.57 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 435.51 Cr | 413.15 Cr | 467.64 Cr | 399.82 Cr | 509.53 Cr |
| Operating Expenses | 511.00 Cr | 653.00 Cr | 602.00 Cr | 482.00 Cr | 610.00 Cr | 671.00 Cr | 689.00 Cr | 581.00 Cr | 256.74 Cr | 255.60 Cr | 343.24 Cr | 300.60 Cr | 344.05 Cr |
| Operating Income | 78.00 Cr | 82.00 Cr | 106.00 Cr | 72.00 Cr | 86.00 Cr | 114.00 Cr | 187.00 Cr | 38.00 Cr | 178.77 Cr | 157.55 Cr | 124.40 Cr | 99.22 Cr | 165.48 Cr |
| EBITDA | 98.00 Cr | 97.00 Cr | 122.00 Cr | 89.00 Cr | 114.00 Cr | 133.00 Cr | 206.00 Cr | 58.00 Cr | 233.07 Cr | 195.68 Cr | 207.79 Cr | 152.32 Cr | 245.46 Cr |
| Interest Expense | 7.00 Cr | 5.00 Cr | 6.00 Cr | 4.00 Cr | 7.00 Cr | 7.00 Cr | 6.00 Cr | 5.00 Cr | 7.89 Cr | 7.06 Cr | 8.23 Cr | 7.66 Cr | -37.00 L |
| Pretax Income | 74.00 Cr | 93.00 Cr | 104.00 Cr | 81.00 Cr | 86.00 Cr | 109.00 Cr | 197.00 Cr | 39.00 Cr | 189.67 Cr | 164.25 Cr | 174.70 Cr | 118.99 Cr | 186.22 Cr |
| Tax Provision | 22.94 Cr | 24.18 Cr | 37.44 Cr | 12.15 Cr | 17.20 Cr | 40.33 Cr | 59.10 Cr | 8.19 Cr | 36.17 Cr | 54.73 Cr | 35.80 Cr | 33.16 Cr | 38.79 Cr |
| Net Income | 51.00 Cr | 69.00 Cr | 66.00 Cr | 68.00 Cr | 68.00 Cr | 69.00 Cr | 139.00 Cr | 31.00 Cr | 153.50 Cr | 109.52 Cr | 138.90 Cr | 85.83 Cr | 147.43 Cr |
| Diluted EPS | 3.57 | 4.81 | 4.62 | 4.78 | 4.77 | 4.80 | 9.70 | 2.16 | 10.73 | 7.66 | 9.71 | 6.00 | 10.07 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,129.00 Cr | 1,148.00 Cr | 1,239.00 Cr | 1,336.00 Cr | 1,567.00 Cr | 1,422.00 Cr | 1,533.00 Cr | - | 2,300.54 Cr | 2,742.15 Cr | 3,187.24 Cr | 3,867.43 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 1,348.00 Cr | 1,611.10 Cr | 1,741.75 Cr | 2,077.29 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 952.54 Cr | 1,131.05 Cr | 1,445.49 Cr | 1,790.14 Cr |
| Operating Expenses | 1,027.00 Cr | 1,002.00 Cr | 1,096.00 Cr | 1,157.00 Cr | 1,405.00 Cr | 1,300.00 Cr | 1,354.00 Cr | - | 643.33 Cr | 778.70 Cr | 928.67 Cr | 1,243.49 Cr |
| Operating Income | 68.00 Cr | 111.00 Cr | 111.00 Cr | 151.00 Cr | 132.00 Cr | 89.00 Cr | 144.00 Cr | - | 309.21 Cr | 352.35 Cr | 516.82 Cr | 546.65 Cr |
| EBITDA | 102.00 Cr | 146.00 Cr | 144.00 Cr | 179.00 Cr | 161.00 Cr | 122.00 Cr | 178.00 Cr | - | 376.40 Cr | 458.71 Cr | 654.18 Cr | 801.25 Cr |
| Interest Expense | 8.00 Cr | 3.00 Cr | 2.00 Cr | 2.00 Cr | 4.00 Cr | 3.00 Cr | 4.00 Cr | - | 9.22 Cr | 20.02 Cr | 25.63 Cr | 22.58 Cr |
| Pretax Income | 113.00 Cr | 119.00 Cr | 141.00 Cr | 167.00 Cr | 138.00 Cr | 111.00 Cr | 150.00 Cr | - | 310.83 Cr | 362.70 Cr | 534.21 Cr | 644.16 Cr |
| Tax Provision | 24.86 Cr | 29.75 Cr | 43.71 Cr | 50.10 Cr | 69.00 Cr | 34.41 Cr | 36.00 Cr | - | 75.25 Cr | 91.30 Cr | 142.41 Cr | 162.48 Cr |
| Net Income | 88.00 Cr | 90.00 Cr | 97.00 Cr | 117.00 Cr | 69.00 Cr | 77.00 Cr | 114.00 Cr | - | 235.58 Cr | 271.39 Cr | 391.80 Cr | 481.68 Cr |
| Diluted EPS | 6.13 | 6.29 | 6.80 | 8.17 | 4.83 | 5.36 | 7.95 | 10.65 | 16.47 | 18.97 | 27.39 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 819.00 Cr | 956.00 Cr | 969.00 Cr | 1,197.00 Cr | 1,195.00 Cr | 1,089.00 Cr | 1,187.00 Cr | - | 1,883.69 Cr | 2,027.49 Cr | 2,846.37 Cr | 3,058.02 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 1,455.52 Cr | 1,506.06 Cr | 2,210.09 Cr | 2,543.10 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 7.02 Cr | 16.80 Cr | 22.49 Cr | 30.75 Cr |
| Inventory | - | - | - | - | - | - | - | - | 994.90 Cr | 922.04 Cr | 1,381.27 Cr | 1,498.31 Cr |
| Receivables | - | - | - | - | - | - | - | - | 413.49 Cr | 480.94 Cr | 611.39 Cr | 737.97 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 882.19 Cr | 975.99 Cr | 1,543.54 Cr | 1,373.70 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 650.18 Cr | 671.54 Cr | 1,117.66 Cr | 1,131.20 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 38.31 Cr | 35.52 Cr | 24.69 Cr | 22.04 Cr |
| Total Debt | 36.00 Cr | 36.00 Cr | 38.00 Cr | 34.00 Cr | 40.00 Cr | 92.00 Cr | 14.00 Cr | - | 417.57 Cr | 422.97 Cr | 573.35 Cr | 613.77 Cr |
| Total Equity | 619.00 Cr | 688.00 Cr | 719.00 Cr | 807.00 Cr | 832.00 Cr | 710.00 Cr | 828.00 Cr | - | 1,001.50 Cr | 1,051.51 Cr | 1,302.83 Cr | 1,684.32 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 14.30 Cr | 14.30 Cr | 14.30 Cr | 14.30 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 85.00 Cr | 68.00 Cr | 90.00 Cr | 99.00 Cr | 62.00 Cr | 52.00 Cr | 157.00 Cr | - | -41.46 Cr | 458.09 Cr | 164.30 Cr | 380.29 Cr |
| Investing Cash Flow | 88.00 Cr | -17.00 Cr | -59.00 Cr | -22.00 Cr | -52.00 Cr | 149.00 Cr | -59.00 Cr | - | -23.37 Cr | -113.78 Cr | -38.25 Cr | -175.39 Cr |
| Financing Cash Flow | -136.00 Cr | -6.00 Cr | -61.00 Cr | -68.00 Cr | -49.00 Cr | -153.00 Cr | -78.00 Cr | - | 58.71 Cr | -339.30 Cr | -123.10 Cr | -188.98 Cr |
| Capital Expenditure | -24.00 Cr | -20.00 Cr | -1.00 Cr | -50.00 Cr | -41.00 Cr | -26.00 Cr | -32.00 Cr | - | -125.45 Cr | -95.15 Cr | -64.16 Cr | -139.07 Cr |
| Free Cash Flow | 61.00 Cr | 48.00 Cr | 89.00 Cr | 49.00 Cr | 21.00 Cr | 26.00 Cr | 125.00 Cr | - | -166.91 Cr | 362.94 Cr | 100.14 Cr | 241.22 Cr |
| Net Change in Cash | 36.00 Cr | 46.00 Cr | -30.00 Cr | 9.00 Cr | -39.00 Cr | 49.00 Cr | 20.00 Cr | - | -6.13 Cr | 5.00 Cr | 2.95 Cr | 15.92 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 41.4% | 41.2% | 45.4% | 46.3% |
| Operating Margin % | 6.0% | 9.7% | 9.0% | 11.3% | 8.4% | 6.3% | 9.4% | - | 13.4% | 12.8% | 16.2% | 14.1% |
| Net Margin % | 7.8% | 7.8% | 7.8% | 8.8% | 4.4% | 5.4% | 7.4% | - | 10.2% | 9.9% | 12.3% | 12.5% |
| ROE % | 14.2% | 13.1% | 13.5% | 14.5% | 8.3% | 10.8% | 13.8% | - | 23.5% | 25.8% | 30.1% | 28.6% |
| ROCE % | - | - | - | - | - | - | - | - | 25.1% | 26.0% | 29.9% | 28.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BANCOINDIA
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BANCOINDIA — Frequently Asked Questions
What is the current share price of Banco Products (India) Limited (BANCOINDIA)?
As of 2026-07-16 05:21 IST, Banco Products (India) Limited (BANCOINDIA) trades at ₹668.80 on NSE. Its 52-week range is ₹504.35 to ₹855.15.
What is the market capitalisation of BANCOINDIA?
Banco Products (India) Limited (BANCOINDIA) has a market capitalisation of ₹9,566.33 Cr on NSE.
What is the P/E ratio of BANCOINDIA?
BANCOINDIA trades at a trailing price-to-earnings (P/E) ratio of 24.42. The industry average P/E is 30.52. Its price-to-book (P/B) ratio is 5.73.
Does BANCOINDIA pay a dividend?
Banco Products (India) Limited (BANCOINDIA) currently offers a dividend yield of 2.35%.
What is the return on equity (ROE) of BANCOINDIA?
BANCOINDIA has a return on equity (ROE) of 28.60%. Its return on capital employed (ROCE) is 34.60%.
Is BANCOINDIA a good stock to buy?
This page provides a data-driven analysis of Banco Products (India) Limited (BANCOINDIA), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.