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Prices as of 8 Oct 2026 close · Not investment advice

Banco Products (I) Limited

NSE: BANCOINDIAAuto Components & Equipments

Share price

₹588.90

-1.88% close of 8 Oct 2026

Market cap ₹8,539 CrP/E 17.7

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

79

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹8,539 Cr

P/E ratio

17.7

P/B ratio

5.0

ROCE

30.9%

ROE

30.3%

Dividend yield

3.8%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹820.2052-week low ₹504.35

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 21.6% over the past year, and 13.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 12.9% to 17.2% over the last four years.

Whether it grew faster than its sector

It grew 13.9% a year against a sector median of 10.5% — 3.4 percentage points faster.

Room to re-rate, or risk of de-rating

At 17.7× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 51.0×, across 5 companies. It is against its own five-year median of 16.6×, the 58th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.7 times its growth rate, on earnings growth of 24%.

Profit growthPrice per ₹1 profitPer 1% growth
Banco Products (I) Limited — this one24%/yr17.7×₹0.74
Samvardhana Motherson International Limited40%/yr35.3×₹0.88
Bosch Limited14%/yr54.8×₹3.9
Bharat Forge Limited33%/yr85.2×₹2.6
UNO Minda Limited23%/yr51.0×₹2.2
Schaeffler India Limited10%/yr46.2×₹4.6

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Auto Components & Equipments), it ranks 6 of 101 on returns, 25 of 99 on growth, 22 of 101 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 30.9% on capital, ahead of 94% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1018 crore of cash from the business, spent ₹417 crore on plant and equipment, and returned ₹603 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 75 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 133 days for its cash to waiting 117 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue up 22% year on year while profit grew a slower 11%

Announced 8 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,184 Cr

Revenue vs last year

+22.1%

Revenue vs last quarter

+7.7%

Net profit

₹122 Cr

Profit vs last year

+11.3%

Profit vs last quarter

-16.7%

Net margin

10.3%

EPS

₹8.56

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹8,539 Cr
Prev close
₹588.90
52w High
₹865
52w Low
₹502
Enterprise value
₹8,966 Cr
Beta
1.6
Price CAGR 1y
-25.0%
Price CAGR 3y
34.0%
Price CAGR 5y
43.0%
Price CAGR 10y
19.0%

Ratios

Return on assets
15.8%
PEG ratio
0.7
P/E ratio
17.7
P/B ratio
5.0
EV / EBITDA
13.2
Industry P/E
30.6
ROCE
30.9%
ROCE 5y average
28.0%
ROE
30.3%
Debt / Equity
0.4
Interest coverage
26.8
Dividend yield
3.8%
ROE 3y average
30.0%
ROE last year
30.0%

Annual P&L

Annual revenue
₹3,896 Cr
Annual profit
₹482 Cr
Operating margin
18.0%
Net profit margin
12.4%
EBITDA margin
17.6%
Sales growth 3y
18.7%
Sales growth 5y
20.5%
Profit growth 3y
24.0%
Profit growth 5y
32.0%
EPS
₹33.7
Sales growth TTM
22.0%
Profit growth TTM
11.0%
Dividend payout
24.0%

Quarter P&L

Sales latest quarter
₹1,184 Cr
Profit latest quarter
₹122 Cr
YoY quarterly sales growth
22.0%
YoY quarterly profit growth
10.9%
OPM latest quarter
18.0%

Balance Sheet

Book Value
₹116
Face Value
₹2.0
Total debt
₹614 Cr
Total cash
₹81 Cr
Borrowings
₹614 Cr
Reserves / Equity
57.1

Cash Flow

Operating cash flow
₹380 Cr
Free cash flow
₹267 Cr
FCF yield
2.8%
Net cash flow
₹16 Cr

Shareholding

Promoter holding
67.9%
FII holding
3.9%
DII holding
0.2%
Public holding
28.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Samvardh. Mothe.159.2036.81,67,9220.381,075.781.535,243.816.613.4
Bosch44,410.0055.41,30,9300.61706.15.25,841.922.021.5
Bharat Forge1,841.8089.190,0030.46-89.9-57.74,639.918.712.6
Uno Minda1,104.8052.363,8900.24315.51.85,556.923.819.6
Schaeffler India3,797.0046.059,4550.92336.713.72,681.417.527.9
Sona BLW Precis.810.5065.550,9560.42220.173.41,157.250.815.1
Tube Investments2,388.0074.046,3620.15294.0-15.36,215.317.117.1
Banco Products600.2017.88,5923.83122.411.71,183.922.030.9
Median462.1030.01,6320.3212.322.3265.521.016.4

Competes with: Bharat Forge Limited, Bosch Limited, Samvardhana Motherson International Limited, Schaeffler India Limited, Sona BLW Precision Forgings Limited, Tube Investments of India Limited, UNO Minda Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7497255717248048956398759701,0387891,0991,184
Expenses653602482610671689581660788889664874971
Material Cost591575398511524544
Change in Inventories-158-25166-12957112
Purchases of Stock-in-Trade000000
Employee Cost9699108119126127
Other Expenses131139217163166188
Operating Profit971228911413320658214182149125225213
OPM %1317161617239.13251914162018
Other Income163126217519145927206
Exceptional items (within Other Income)000183.360
Interest56477658788-05
Depreciation15161728191920362425266035
Profit before tax93104818610919739190164175119186179
Tax %26361520373021193320282131
Net Profit69666868691393115411013986147122
EPS in Rs4.814.624.784.774.809.702.16117.669.716108.56
Diluted EPS in Rs117.669.716108.56

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1291,1481,2391,3361,5671,4221,5331,9582,3322,7683,2133,8964,110
Expenses1,0271,0021,0961,1571,4051,3001,3541,6861,9662,3402,6013,2133,398
Material Cost2,1642,008
Change in Inventories-42269
Purchases of Stock-in-Trade00
Employee Cost335452
Other Expenses525686
Operating Profit102146144179161122178272366428611684712
OPM %913121310912141615191817
Other Income53113218102595143243120112
Exceptional items (within Other Income)022
Interest832243451321262521
Depreciation3435332829333448567694135145
Profit before tax113119141167138111150224311363534644659
Tax %222531305031243224252725
Net Profit8890971176977114152236271392482495
EPS in Rs6.136.296.808.174.835.367.95111619273435
Diluted EPS in Rs2734
Dividend Payout %2437666183187139467534024

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
13%
5 years
21%
3 years
19%
TTM
22%

Compounded profit growth

10 years
18%
5 years
32%
3 years
24%
TTM
11%

Stock price CAGR

10 years
19%
5 years
43%
3 years
34%
1 year
-25%

Return on equity

10 years
21%
5 years
27%
3 years
30%
Last year
30%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414141414141414142929
Reserves6056747057938186968149679871,0371,2741,656
Borrowings36363834409214115418423573614
Other Liabilities164232211356322287344405435508868760
Minority Interest00
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

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 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 %121817211713192426273231

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters686868686868686868686868
FIIs2.072.3533.213.083.763.883.834.4044.063.92
DIIs0.020.080.130.140.180.210.170.430.290.220.220.24
Public303029292928282827282828
No. of Shareholders48,39947,75151,17252,82358,79560,52767,94569,54072,70876,31476,78176,328

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -26.9% (₹806.15 → ₹588.90)Brick size ₹15.88 (fixed)Bricks 73
₹500₹700₹800₹589Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹588.90 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,72,46,537inr

2026-03-31

News

News and filings about Banco Products (I) Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • aluminium
  • brass
  • copper
  • cork (gasket material)
  • rubber / elastomer (gaskets)
  • steel (metal-layered gaskets)

Depends on the price of

  • aluminium
  • copper
  • rubber

Products sold by

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Automobile and Auto Components
Industry
Auto Components & Equipments
Classification
Automobile and Auto Components › Auto Components & Equipments
ISIN
INE213C01025

Plants

  • Banco Gaskets (India) - Ankhi Gasket Plant
  • Bhaili Plant (Registered Office & main plant)
  • Jamshedpur Plant · Jamshedpur, Jharkhand
  • NRF (Nederlandse Radiateuren Fabriek) - overseas
  • Rudrapur Plant · Rudrapur, Uttarakhand
  • Waghodia SEZ Unit
  • Zaheerabad Plant · Zaheerabad, Telangana

News impact

Big market events that reach Banco Products (I) Limited, and how the effect spreads.

1 Oct, 11:17 IST · Market event · high impact

SML Mahindra Stock Falls 4% Even As September Sales Jump 18%

SML Mahindra sold 18% more trucks and buses in September, helping the company and its parts suppliers, but its shares still fell 4%, hurting shareholders who expected the good news to lift the stock.

Automobile and Auto Components

Who it hits first

  • SML Mahindra, the truck and bus maker, sold 1,124 vehicles in September 2026, up 18% from 950 a year earlier.
  • Despite the strong sales, its shares fell 4% as investors sold on the news, likely disappointed by margins, the small absolute base, or an already-run-up price.
  • Its parts suppliers, Sandhar and Banco India, stand to gain from higher factory orders if the growth continues.
  • Bigger truck rivals such as Tata's commercial-vehicle arm and Ashok Leyland read the number as a sign of healthy truck demand rather than a threat, since 1,124 units is tiny beside their volumes.

Who may gain

  • Sandhar and Banco India, the two parts suppliers to SML Mahindra in the ranked pool, gain order volume if September's pace holds.
  • Tata's commercial-vehicle business and Ashok Leyland benefit from the read-across that truck demand is healthy.
  • No other clear beneficiary; the sales jump is too small in absolute units to move the wider auto market.

Along the supply chain

Downstream

The pack shows no company that buys from SML Mahindra, since it sells trucks and buses through dealers to fleet owners; the downstream effect is healthier dealer lots and fleet supply, not a gain for another listed firm.

Upstream

SML Mahindra buys parts from Sandhar, Banco India, Pritika Auto, PPAP and ZF Steering, so sustained sales growth lifts their order books, with Sandhar and Banco India in the ranked pool carrying the direct signal.

Where demand moves

Business

Truck buyers ordered more SML Mahindra vehicles, lifting revenue at the company and order flow to its parts suppliers Sandhar and Banco India; rival truck makers lose no sales since SML's 1,124 units are far too few to take meaningful share.

Capital

Investors sold SML Mahindra shares despite the sales beat, a sell-on-news reaction that may rotate money toward larger truck makers or the sidelines until margins and October volumes confirm the trend.

How it spreads across sectors

Automobile and Auto Components

Mildly positive read-across for truck makers and their suppliers as SML's 18% jump points to healthy commercial-vehicle demand, tempered by the stock's 4% fall which warns that small-base growth alone does not re-rate share prices.

When it plays out

Immediate

SML Mahindra stays choppy as sell-on-news pressure meets bargain buying on the sales beat; suppliers edge up on order hopes.

Medium term

If double-digit growth sustains through the freight season, suppliers build bigger order books and rivals confirm the truck cycle is healthy.

Short term

October sales and any margin commentary decide whether the growth story re-rates the stock or the selling continues.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

11 Sep 2026unspecified₹8
18 Mar 2026interim₹8
19 Nov 2025interim₹7
14 Feb 2025interim₹11
30 Dec 2024bonus₹0
16 Feb 2024interim₹20
7 Sep 2023unspecified₹14
24 Feb 2023interim₹8

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.