Banco Products (India)
- Market cap
- ₹ 8,038 Cr.
- P/E
- 17.5x
- P/B
- 4.95x
- 52-week range
- 502 – 865
- ROE
- 31%
- ROCE
- 31%
- Dividend yield
- 4%
- Debt / equity
- 0.36
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Banco Products (India) Limited is an India-based designer and manufacturer of engine cooling modules for automotive, off highway and industrial applications. The Company’s portfolio of business includes Engine cooling systems and Engine sealing systems. Engine cooling systems product range includes radiators, charge air coolers, oil coolers-transmission and hydraulic, fuel coolers, battery coolers, inverter coolers, in aluminium and copper/brass configurations and accessories expansion tanks, fan motor assembly, fan shroud and guard and miscellaneous mounting and plumbing accessories. Engine sealing systems product range includes engine cylinder head and peripheral gaskets, heat shields and industrial gasket with a wide material range and sizes for demanding applications of sealing. Its materials include multi-layered steel (MLS), graphite composite gaskets, steel fiber composite gaskets, compressed fiber joining sheet gaskets, rubber cork gaskets, and rubber pre-coated beaded gaskets.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Banco Products (India) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)17.5 against a typical 27.4: cheaper than most peers (1st = cheapest).44th of 153
- Sales growth+22.1% against a typical +20.7% from a year earlier.63rd of 142
- Profit growth+10.9% against a typical +15.3% from a year earlier.74th of 127
- Share price, 3 months−7.1% against a typical −4.4%.83rd of 142
- Size₹ 8,038.5 Cr. market value against a typical ₹ 728 Cr. (1st = largest).26th of 138
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety, with caution
Rated AA by CARE- The company stopped sharing information with CRISIL.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA / CARE A1+ | Stable | 6 Jul 2026 |
| CRISIL | Crisil BB+(Issuer Not Cooperating) | Stable | 29 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Jul 2026 | Reaffirmed | CARE AA / CARE A1+ | — | CARE | ₹ 25 Cr. | |
| 29 Oct 2025 | Rating action | Crisil BB+(Issuer Not Cooperating) | — | CRISIL | ₹ 20 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 6 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 8 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 13 Mar 2026 | Dividend | Banco Products (India) Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/03/2026 ,inter alia, to consider and approve 1. the proposal of Second Interim Dividend, if any, for the Financial Year ending 31st March, 2026. 2. To consider the Record date, if any, for the purpose of Second Interim Dividend for the Financial Year ending 31st March, 2026. |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 , interim dividend and other business matters. |
| 8 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 725 | 571 | 724 | 804 | 895 | 639 | 875 | 970 | 1,038 | 789 | 1,099 | 1,184 |
| Expenses | 602 | 482 | 610 | 671 | 689 | 581 | 660 | 788 | 889 | 664 | 874 | 971 |
| Operating Profit | 122 | 89 | 114 | 133 | 206 | 58 | 214 | 182 | 149 | 125 | 225 | 213 |
| OPM % | 17% | 16% | 16% | 17% | 23% | 9% | 24% | 19% | 14% | 16% | 20% | 18% |
| Other Income | 3 | 12 | 6 | 2 | 17 | 5 | 19 | 14 | 59 | 27 | 20 | 6 |
| Interest | 6 | 4 | 7 | 7 | 6 | 5 | 8 | 7 | 8 | 8 | 0 | 5 |
| Depreciation | 16 | 17 | 28 | 19 | 19 | 20 | 36 | 24 | 25 | 26 | 60 | 35 |
| Profit before tax | 104 | 81 | 86 | 109 | 197 | 39 | 190 | 164 | 175 | 119 | 186 | 179 |
| Tax % | 36% | 15% | 20% | 37% | 30% | 21% | 19% | 33% | 20% | 28% | 21% | 31% |
| Net Profit | 66 | 68 | 68 | 69 | 139 | 31 | 154 | 110 | 139 | 86 | 147 | 122 |
| EPS in Rs | 4.62 | 4.78 | 4.77 | 4.8 | 9.7 | 2.16 | 10.73 | 7.66 | 9.71 | 6 | 10.31 | 8.56 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 13%
- 5 Years
- 21%
- 3 Years
- 19%
- TTM
- 22%
- 10 Years
- 18%
- 5 Years
- 33%
- 3 Years
- 25%
- TTM
- 11%
- 10 Years
- 19%
- 5 Years
- 47%
- 3 Years
- 35%
- TTM
- —
- 10 Years
- 21%
- 5 Years
- 27%
- 3 Years
- 30%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Banco Products (India) | ₹ 583.15 | ₹ 8,038 Cr. | 17.5x | 5x | 31% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- Mehul K. Patel
- Whole-Time Chairman of the Board
- Sachin Jayantilal Kotak
- Chief Financial Officer
- Sachinkumar Sureshbhai Dalwadi
- Compliance Officer, Company Secretary
- Sharan M. Patel
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.