Banco Products (India)
Banco Products (India) Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Banco Products (India) Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Banco Products (India) Ltd trades at a P/E of 21.43× and P/B of 5.85×.
Valuation
Profitability
Growth
Financial Health
Banco Products (India) Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Banco Products (India) Ltd, switchable between annual and quarterly views, consolidated or standalone.
Banco Products (India) Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹9,800.92 Cr and reported EPS of ₹32.18.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,374 | 1,567 | 1,422 | 1,533 | 1,958 | 2,332 | 2,768 | 3,213 | 3,896 |
| Other Income | 40 | 11 | 25 | 9 | 5 | 16 | 38 | 43 | 99 |
| Total Income | 1,414 | 1,577 | 1,447 | 1,542 | 1,963 | 2,348 | 2,806 | 3,256 | 3,995 |
| Cost of Goods Sold (COGS) | 776 | 916 | 820 | 879 | 1,169 | 1,338 | 1,602 | 1,742 | 2,077 |
| Gross Profit | 598 | 650 | 602 | 654 | 789 | 994 | 1,166 | 1,471 | 1,819 |
| +Operating Expenses | 435 | 475 | 480 | 476 | 517 | 630 | 744 | 860 | 1,138 |
| EBITDA | 163 | 175 | 122 | 178 | 272 | 364 | 422 | 611 | 681 |
| +Non-Operating Expenses | 35 | 33 | 36 | 37 | 53 | 69 | 97 | 120 | 179 |
| Profit Before Tax (PBT) | 168 | 153 | 111 | 150 | 224 | 311 | 363 | 534 | 644 |
| +Tax Expense | 52 | 69 | 35 | 36 | 71 | 75 | 91 | 142 | 162 |
| Profit After Tax (PAT) | 117 | 69 | 77 | 114 | 152 | 236 | 271 | 392 | 482 |
| Earnings Per Share (EPS) | 8.15 | 4.83 | 5.29 | 7.95 | 10.66 | 16.47 | 18.97 | 27.39 | 33.68 |
| Diluted Shares Outstanding (Nos.) | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| +Additional Disclosures | 2,021 | 2,361 | 2,155 | 2,280 | 2,923 | 3,359 | 4,067 | 4,480 | 5,564 |
| Sales Growth % | — | 14.00 | -9.23 | 7.77 | 27.76 | 19.09 | 18.72 | 16.04 | 21.29 |
| YoY Sales Growth % | — | 14.00 | -9.23 | 7.77 | 27.76 | 19.09 | 18.72 | 16.04 | 21.29 |
| Material Cost % | 60 | 62 | 59 | 61 | 66 | 67 | 55 | 67 | 52 |
| Employee Cost % | 12 | 12 | 13 | 12 | 10 | 10 | 10 | 10 | 12 |
| Other Cost % | 19 | 19 | 20 | 19 | 16 | 17 | 17 | 16 | 18 |
| OPM % | 12 | 11 | 9 | 12 | 14 | 16 | 15 | 19 | 17 |
| Tax % | 31 | 45 | 31 | 24 | 32 | 24 | 25 | 27 | 25 |
| Profit Growth % | — | -40.84 | 10.84 | 48.53 | 34.02 | 54.56 | 15.21 | 44.36 | 22.94 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 131 | 146 | 89 | 144 | 224 | 308 | 346 | 517 | 547 |
Banco Products (India) segment analysis: revenue and profit mix.
Disclosed business segments at Banco Products (India) with their share of revenue and profit, switchable between consolidated and standalone reporting.
Banco Products (India) discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Banco Products (India) Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Banco Products (India) Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Banco Products (India) Ltd's investment case rests on 10 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
Strong profitability. ROE 32.20%, ROCE 32.40%, OPM 17.16%.
Impressive quarterly growth. sales up 20.70%, profits surged 59.50%.
High promoter holding (67.9%) indicates strong management confidence.
P/E ratio 23.80 suggests attractive valuation for growth investors.
Consistent long-term growth. 5Y EPS 20.82%, 5Y Revenue 17.70%.
What can break it.
Moderate debt-to-equity ratio (0.44) limits financial flexibility.
Historical quarterly profit volatility impacts investor confidence and predictability.
Significant stock price volatility (₹293-₹880) may deter stable investors.
Elevated Price-to-Book (8.61) suggests stock trading at premium.
Unsustainable TTM payout ratio (102.50%) raises concerns about cash retention.
What would change my mind.
Trim if P/E re-rates above 28. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 36.94. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 27%. The operating engine is no longer compounding capital efficiently.
Banco Products (India) Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Banco Products (India) Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Banco Products (India) Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Banco Products (India) Ltd — derived from the live tape, not yesterday's close.
Banco Products (India) Ltd last traded at ₹689.55 with an intraday range of ₹658.4–₹697.65 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹689.55| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 783.83 | +94.28 | +13.67% |
| R3 | 744.58 | +55.03 | +7.98% |
| R2 | 721.12 | +31.57 | +4.58% |
| R1 | 705.33 | +15.78 | +2.29% |
| PIVOT | 681.87 | -7.68 | -1.11% |
| CURRENT | 689.55 | — | — |
| S1 | 587.58 | -101.97 | -14.79% |
| S2 | 626.83 | -62.72 | -9.10% |
| S3 | 642.62 | -46.93 | -6.81% |
| S4 | 666.08 | -23.47 | -3.40% |
BANCOINDIA is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 667.5 ~ 680.35
Trading Above opening range, showing Bullishness
Banco Products (India) Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Banco Products (India) Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Banco Products (India) Ltd stood at 34.2% of traded volume, against a 20-day average of 40.7%.
Banco Products (India) announcements: results, concalls, ratings, M&A.
Filings Banco Products (India) sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Banco Products (India) files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 101 documents below.
Disclosure under SEBI Takeover Regulations
Mehul Kanubhai Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Copy of Newspaper Publication
Banco Products (I) Limited has informed the Exchange about Copy of Newspaper Publication
General Updates
Banco Products (I) Limited has informed the Exchange about General Updates
Resignation
Banco Products (I) Limited has informed the Exchange regarding resignation of Ms. Preeti Yadav (ICSI Membership No. ACS 71781) as Company Secretary…
Copy of Newspaper Publication
Banco Products (I) Limited has informed the Exchange about Copy of Newspaper Publication regarding Second 100 Days Campaign - "Saksham Niveshak"
Banco Products (India) insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Banco Products (India) as reported to SEBI — buying and selling signals from the people who know the business best.
Banco Products (India) insider activity below tracks 6 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Banco Aluminium Private Limited | Insider | 23 Mar 2026 | buy | +29.0 K | ₹1.68 Cr | ₹577.80 |
| Mehul Kanubhai Patel | Insider | 23 Mar 2026 | buy | +29.0 K | ₹1.68 Cr | ₹577.80 |
| Banco Aluminium Private Limited | Insider | 23 Mar 2026 | buy | +29.0 K | ₹1.68 Cr | ₹577.80 |
| Mehul Kanubhai Patel | Insider | 23 Mar 2026 | buy | +29.0 K | ₹1.68 Cr | ₹577.80 |
| Mehul Kanubhai Patel | Insider | 23 Mar 2026 | buy | +29.0 K | ₹1.68 Cr | ₹577.80 |
| Banco Aluminium Private Limited | Insider | 23 Mar 2026 | buy | +29.0 K | ₹1.68 Cr | ₹577.80 |
Banco Products (India) dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Banco Products (India) has declared, sequenced by announce and record date.
Banco Products (India) corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Banco Products (India) Ltd: business, sector, key facts.
What Banco Products (India) Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Banco Products (India) Ltd operates in the Consumer Cyclical, listed as NSE: BANCOINDIA, BSE: 500039.
Banco Products (India) Limited is a manufacturer and seller of heat exchangers and cooling systems, operating both domestically in India and internationally. Their primary business centers around providing a wide range of engine cooling systems crucial for various vehicle and machinery applications.
Their product portfolio encompasses a comprehensive selection of engine cooling components. This includes radiators, charge air coolers, oil coolers, transmission and hydraulic coolers, condensers, fuel coolers, battery coolers, and inverter coolers, along with associated accessories like expansion tanks, fan motor assemblies, fan shrouds and guards, and various mounting and plumbing parts. This breadth of offerings allows them to cater to a diverse customer base with a complete solution for thermal management needs.
Beyond cooling systems, Banco Products also manufactures and supplies engine sealing systems. These include essential components such as engine cylinder head and peripheral gaskets, heat shields, and a variety of industrial gaskets. The company utilizes diverse materials in its gasket production, including multi-layered steel, graphite composites, compressed fiber, rubber cork, pre-coated beaded materials, edge molded gaskets, and copper gaskets, highlighting their commitment to offering solutions tailored to specific application requirements.
The company's products find applications across a broad spectrum of industries and vehicle types. Their cooling and sealing solutions are integrated into passenger cars, light, medium, and heavy commercial vehicles, agricultural tractors and harvesters, high-performance motorcycles, construction machinery, material handling equipment, mining machinery, diesel generators and power generation equipment, rail locomotives, and air compressors. This diverse customer base underscores the versatility and importance of their products in a variety of mechanical systems.
Established in 1961 and headquartered in Vadodara, India, Banco Products has a long history of providing reliable and high-quality thermal management and sealing solutions. Their continued success is attributed to their extensive product range, adaptability to diverse industry needs, and a commitment to manufacturing excellence.
Questions investors ask about Banco Products (India) Ltd (BANCOINDIA).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Banco Products (India) Ltd (BANCOINDIA)?
The current share price of Banco Products (India) Ltd (BANCOINDIA) is ₹689.55. Today, the stock has gained by ₹20.60 (3.08%), trading in a range of ₹658.4 to ₹697.65. The stock opened at ₹676.3 with a trading volume of 7,58,446 shares.
02Is Banco Products (India) Ltd stock a good investment for long-term?
Banco Products (India) Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹9,800.92 crores, P/E ratio of 21.43, ROE of 32.25%, and ROCE of 32.40%. The dividend yield stands at 2.39%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Banco Products (India) Ltd stock?
The 52-week high price of Banco Products (India) Ltd (BANCOINDIA) is ₹0, while the 52-week low is ₹0. Currently trading at ₹689.55, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Banco Products (India) Ltd stock at the current price?
Whether to buy Banco Products (India) Ltd stock at ₹689.55 depends on multiple factors. The stock is currently trading with a P/E ratio of 21.43 and P/B ratio of 5.85. Today's performance shows a gain of 3.08%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Banco Products (India) Ltd and when is the next dividend?
Banco Products (India) Ltd offers a dividend yield of 2.39%, which means for every ₹100 invested at the current price of ₹689.55, you can expect to receive approximately ₹2.39 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Banco Products (India) Ltd?
Banco Products (India) Ltd's key financial metrics include: P/E Ratio: 21.43, P/B Ratio: 5.85, ROE: 32.25%, ROCE: 32.40%, Dividend Yield: 2.39%, EPS: ₹32.18, Book Value: ₹117.79, and Debt-to-Equity: 36.44. The company's market cap stands at ₹9,800.92 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Banco Products (India) Ltd stock performing today in the market?
Banco Products (India) Ltd stock opened at ₹676.3 and is currently trading at ₹689.55, showing a gain of ₹20.60 (3.08%). The intraday high is ₹697.65 and low is ₹658.4. The trading volume stands at 7,58,446 shares, indicating moderate market participation today.
08What is the P/E ratio of Banco Products (India) Ltd and what does it indicate?
Banco Products (India) Ltd has a Price-to-Earnings (P/E) ratio of 21.43, which means investors are willing to pay ₹21.43 for every ₹1 of earnings. With an EPS of ₹32.18, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Banco Products (India) Ltd (BANCOINDIA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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