Banco Products (I) Limited

NSE: BANCOINDIA · Automobile and Auto Components

₹598.20-3.33%06 Nov 2026

Ask the data

Instant answers about Banco Products (I) Limited — computed from its filings, no language model

Market cap₹8,557 cr

Current price₹598.20

High / Low₹820 / ₹504

P/E15.4

P/B4.60

Book value₹130.2

ROE29.9%

ROCE32.7%

Debt / equity0.20

Dividend yield2.51%

EPS (TTM)₹38.91

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,374	1,567	1,422	1,533	1,958	2,332	2,768	3,213	3,896
EBITDA	163	175	122	178	272	364	422	611	681
Operating margin	11.9%	11.2%	8.6%	11.6%	13.9%	15.6%	15.3%	19.0%	17.5%
Interest	2	4	3	4	5	13	21	26	23
Depreciation	33	29	33	34	48	56	76	94	135
Profit before tax	168	153	111	150	224	311	363	534	644
Tax	52	69	35	36	71	75	91	142	162
Net profit	117	104	76	0	0	236	0	409	596
EPS ₹	16.33	9.66	10.71	15.90	21.31	32.94	37.95	27.39	33.68
Operating cash flow	—	—	—	—	57	-41	458	164	380
Capex	—	—	—	—	75	125	91	98	139
Dividend paid	—	—	—	—	14	200	243	157	215
Total assets	—	—	—	—	—	1,884	2,027	2,846	3,058
Equity	—	—	—	—	—	1,002	1,052	1,303	1,684

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	298	435	333	370	393	380	318	332	274	438	376	445	501	549	404	507	586	628	509	609	749	725	571	724	804	895	639	875	970	1,038	789	1,099	1,184	1,265
Operating profit	48	66	8	40	44	26	19	34	27	70	54	27	72	81	40	80	67	59	140	98	97	122	89	114	133	206	58	214	182	149	125	225	213	263
Operating margin	16.0%	15.1%	2.4%	10.8%	11.1%	6.8%	6.0%	10.1%	10.0%	15.9%	14.5%	6.0%	14.3%	14.7%	9.8%	15.7%	11.4%	9.4%	27.5%	16.1%	12.9%	16.9%	15.6%	15.8%	16.5%	23.0%	9.1%	24.5%	18.8%	14.4%	15.8%	20.5%	18.0%	20.8%
Other income	11	3	9	2	9	4	5	7	1	4	2	1	8	0	-3	-1	1	10	1	3	16	3	12	6	2	17	5	19	14	59	9	17	6	6
Interest	1	1	1	2	1	1	1	1	1	0	1	2	1	1	1	3	2	1	3	7	5	6	4	7	7	6	5	8	7	8	8	-0	5	7
Depreciation	8	9	7	7	7	8	8	10	8	8	9	8	8	8	8	24	12	12	13	20	15	16	17	28	19	19	20	36	24	25	26	60	35	36
Profit before tax	50	59	9	33	45	21	16	30	20	65	47	18	71	72	28	53	55	56	126	74	93	104	81	86	109	197	39	190	164	175	119	186	179	226
Tax	23	22	15	10	15	5	3	12	2	24	10	-1	25	23	11	12	20	5	28	23	24	38	12	17	40	58	8	36	55	36	33	39	56	60
Net profit	27	37	-4	14	30	16	0	12	23	40	37	0	0	0	17	0	39	53	0	51	0	0	0	0	0	139	31	147	164	168	102	162	124	168
EPS ₹	3.77	5.13	-0.52	0.68	4.18	2.22	1.86	2.43	2.46	5.73	5.15	2.57	6.42	6.88	2.39	5.62	4.84	7.23	13.73	7.14	9.62	9.24	9.55	9.53	9.60	19.39	2.16	10.73	7.66	9.71	6.00	10.31	8.56	11.56
Revenue YoY	—	—	—	24.5%	—	-12.7%	-4.4%	-10.4%	-30.1%	15.4%	18.1%	34.0%	82.6%	25.3%	7.5%	13.9%	16.9%	14.4%	26.1%	20.2%	28.0%	15.4%	12.1%	18.8%	7.3%	23.5%	12.0%	20.8%	20.7%	16.0%	23.5%	25.6%	22.0%	21.8%
Profit YoY	—	—	—	-48.1%	—	-56.7%	—	-16.6%	-22.3%	153.9%	—	-100.0%	-100.0%	-100.0%	-53.5%	—	—	—	-100.0%	—	-100.0%	-100.0%	—	-100.0%	—	—	—	—	—	20.8%	230.9%	10.1%	-24.4%	0.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Banco Products (I) Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	288	413	466	562	449	447	420	493	548
Operating profit	52	106	94	94	67	80	60	93	89
Operating margin	18.2%	25.6%	20.2%	16.7%	15.0%	17.9%	14.3%	18.8%	16.3%
Other income	7	4	2	22	6	34	16	32	64
Interest	3	2	9	8	9	14	6	2	0
Depreciation	9	10	13	15	16	17	16	19	17
Profit before tax	48	98	74	93	48	83	54	104	135
Tax	8	20	16	21	14	16	12	21	28
Net profit	40	78	59	72	35	66	42	82	107

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	69	80	81	84	80	63	60	87	98	107	120	113	119	103	130	144	142	130	146	111	119	104	115	127	100	101	119	113	105	96	105	113	127	115	137	139	148	121	140	148	150	148
Operating profit	11	17	17	16	14	9	13	22	29	26	29	29	24	21	20	31	22	20	22	17	17	15	17	19	15	16	31	22	18	11	9	21	23	23	25	31	26	18	14	18	23	24
Operating margin	16.5%	21.4%	21.5%	19.1%	17.0%	14.8%	22.2%	25.2%	29.2%	24.6%	23.9%	25.5%	20.0%	20.2%	15.7%	21.3%	15.3%	15.2%	14.8%	15.7%	14.7%	14.3%	15.2%	14.8%	14.8%	15.7%	25.6%	19.4%	17.5%	11.6%	8.1%	18.2%	18.3%	20.2%	18.6%	22.2%	17.7%	15.0%	10.0%	11.8%	15.1%	16.1%
Other income	1	2	3	3	1	1	3	0	1	1	2	0	1	0	1	1	1	1	20	1	3	0	2	17	4	4	10	2	6	5	3	14	10	2	6	15	19	13	16	13	27	4
Interest	1	1	1	0	1	1	1	0	0	0	1	2	2	2	2	2	3	2	2	1	3	2	2	3	3	2	7	2	2	1	0	1	1	0	0	0	0	0	0	0	0	0
Depreciation	2	2	2	2	2	2	2	2	2	2	2	3	3	4	3	4	4	4	4	3	4	4	4	4	4	4	4	4	4	4	5	4	4	6	5	4	4	4	4	4	4	4
Profit before tax	10	16	18	16	11	7	13	20	27	24	28	24	19	15	16	26	16	15	36	14	13	9	13	29	12	13	29	18	18	11	6	31	28	19	26	41	41	27	26	26	46	23
Tax	0	4	3	3	1	2	2	4	6	5	6	5	4	2	4	5	5	2	8	4	4	2	3	6	2	1	7	3	4	2	2	7	6	3	6	8	9	6	6	4	10	1
Net profit	9	12	15	14	11	5	11	16	21	19	22	19	15	13	12	20	11	13	28	10	9	6	10	22	10	12	23	15	14	9	4	24	22	16	20	33	32	21	21	22	36	22
EPS ₹	7.02	1.74	2.11	1.94	1.49	0.70	1.54	2.29	2.95	2.69	3.05	2.69	2.06	1.86	1.62	2.86	1.55	1.83	3.89	1.39	1.27	0.87	1.35	3.13	1.34	1.63	3.19	2.05	1.95	1.26	0.57	3.33	3.13	2.25	2.78	4.60	4.52	3.01	2.87	3.04	5.01	3.14
Revenue YoY	—	—	—	—	15.2%	-20.8%	-26.0%	3.3%	22.8%	68.9%	100.5%	30.0%	21.5%	-3.6%	7.5%	27.1%	19.1%	25.3%	13.0%	-22.7%	-16.4%	-19.8%	-21.6%	14.0%	-16.0%	-2.8%	4.0%	-10.6%	4.9%	-4.6%	-11.7%	-0.1%	21.1%	19.6%	30.3%	22.5%	16.4%	5.2%	2.2%	6.5%	1.8%	22.1%
Profit YoY	—	—	—	—	11.5%	-60.0%	-26.5%	18.1%	99.4%	289.5%	98.1%	18.4%	-30.2%	-31.0%	-46.9%	6.5%	-24.8%	-1.6%	139.7%	-51.3%	-18.3%	-52.6%	-65.3%	124.6%	5.6%	88.2%	136.5%	-34.5%	45.9%	-22.6%	-82.2%	62.2%	60.3%	78.3%	390.9%	38.2%	44.5%	33.6%	3.3%	-33.9%	10.9%	4.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	11.7%	9.9%	14.3%	10.4%	4.9%	4.9%	0.0%	0.0%	10.9%	13.3%	24.3%	36.9%	31.2%	35.6%	35.4%	33.0%	29.9%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	16.5%	24.7%	25.0%	28.2%	31.4%	28.1%	30.2%	31.6%	32.8%	30.1%	34.5%	38.0%	28.0%	31.9%	31.6%	32.2%	32.7%
Net margin	5.0%	3.8%	4.1%	4.0%	3.9%	5.5%	7.9%	6.6%	4.4%	2.0%	0.9%	0.9%	2.7%	5.1%	4.1%	6.1%	4.2%	2.0%	1.9%	0.0%	0.0%	4.6%	5.5%	9.9%	14.2%	14.5%	15.8%	15.3%	13.5%	12.8%
EBITDA margin	10.3%	8.0%	8.8%	8.6%	8.1%	11.0%	13.0%	11.6%	12.6%	12.5%	11.5%	13.9%	13.0%	11.5%	15.5%	15.6%	15.8%	17.6%	15.3%	15.3%	16.2%	18.1%	16.7%	19.0%	19.5%	17.1%	18.3%	17.5%	17.3%	19.0%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	0.29	0.29	0.29	0.29	0.27	0.27	0.21	0.21	0.18	0.18	0.24	0.24	0.30	0.30	0.25	0.25	0.20
Interest coverage	33.86	25.13	30.10	36.95	28.60	50.53	61.62	42.39	56.11	48.12	43.36	43.54	34.10	31.48	36.53	25.71	22.51	20.09	16.96	17.98	17.36	21.18	18.69	21.84	23.99	21.37	22.00	29.53	32.78	37.56
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	1.11	1.17	1.24	1.32	1.33	1.36	1.37	1.39	1.28	1.31	1.13	1.19	1.14	1.19	1.27	1.34	1.27

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	14	14	14	14	14	29	29	29	29
Other equity / reserves	916	987	1,033	1,037	1,259	1,274	1,606	1,656	1,833
Total equity	931	1,002	1,047	1,052	1,274	1,303	1,634	1,684	1,862
Borrowings	271	292	282	222	234	318	491	428	364
Current liabilities	826	650	715	685	773	1,138	1,044	1,155	1,343
Non-current liabilities	150	232	187	291	295	405	399	219	215
Total assets	1,906	1,884	1,949	2,027	2,342	2,846	3,078	3,058	3,420
Property, plant & equipment	287	351	334	451	444	513	482	465	443
Capital work-in-progress	20	18	35	10	12	5	16	11	21
Investments	0	0	0	0	31	38	76	79	21
Inventories	890	995	763	922	997	1,381	1,376	1,498	1,501
Receivables	453	413	507	481	687	611	769	738	991
Cash & equivalents	9	7	25	17	12	22	105	31	96

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	57	-41	458	164	380
Cash from investing	-104	-23	-114	-73	-175
Cash from financing	-11	59	-339	-89	-189
Capex	75	125	91	98	139
Free cash flow	-18	-167	367	66	241
Dividends paid	14	200	243	157	215

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹443 cr13%

CWIP

₹21 cr1%

Investments

₹21 cr1%

Inventories

₹1,501 cr44%

Receivables

₹991 cr29%

Cash & equivalents

₹96 cr3%

Other assets

₹347 cr10%

Peer comparison

largest in Automobile and Auto Components · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Maruti Suzuki India Ltd.	4,00,860	12,750.00	29.8	3.68	12.3%
Mahindra & Mahindra Ltd.	3,67,588	3,287.20	19.0	3.75	19.8%
Bajaj Auto Ltd.	2,99,543	10,900.00	22.9	8.18	35.7%
TVS Motor Company Ltd.	2,13,401	4,491.70	55.8	18.81	33.7%
Eicher Motors Ltd.	2,10,528	7,669.50	36.5	8.39	23.0%
Hyundai Motor India Ltd.	1,73,071	2,130.00	51.8	8.49	16.4%
Samvardhana Motherson International Ltd.	1,67,340	158.55	35.4	3.69	10.4%
Bosch Ltd.	1,49,565	50,700.00	56.5	19.51	34.6%
Hero MotoCorp Ltd.	1,10,343	5,513.00	18.4	4.71	25.6%
Tata Motors Passenger Vehicles Ltd.	1,07,602	292.00	1.4	0.96	70.7%
Banco Products (I) Limited	8,557	598.20	15.4	4.60	29.9%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-0.3%

6 months-6.6%

1 year-17.0%

3Y CAGR+36.5%

5Y CAGR+43.4%

10Y CAGR+19.1%

50-day avg₹601.77

200-day avg₹617.54

RSI (14)48

FAQs

What is the share price of Banco Products (I) Limited?

Banco Products (I) Limited (BANCOINDIA) closed at ₹598.20 on NSE on 06 Nov 2026.

What is the market cap of Banco Products (I) Limited?

₹8,557 crore at the latest close.

What is the P/E ratio of Banco Products (I) Limited?

15.4, on trailing-twelve-month earnings from its filings.

How fast is Banco Products (I) Limited growing?

Banco Products (I) Limited: revenue has compounded at 18.7% a year over three years; net profit at 36.3% a year. Latest-quarter revenue is up 21.8% year on year, profit up 0.3%.

How profitable is Banco Products (I) Limited?

On a trailing-twelve-month basis return on equity is 29.9%, return on capital employed 32.7%, operating margin 19.0%, net margin 12.8%.

How much debt does Banco Products (I) Limited have?

Banco Products (I) Limited is lightly geared: debt to equity is 0.20 with borrowings of ₹364 cr against cash of ₹96 cr (balance sheet of 2026-09-30). Operating profit covers interest 37.6 times.

Financials parsed from Banco Products (I) Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.