Banco Products (India) Ltd.
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 29.5%
Concerns1
- Other income is 47.8% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (₹ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (₹ Crores, last 1 year)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | ₹1.10 K Cr | — | ₹266.00 Cr | — | — | 31.3% | 9.3% | 4.3% |
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Financial Statements
Income statement, balance sheet, and cash flow (₹ Crores, as reported)
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Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 1,154 |
| Total Expenses | 947 |
| EBIT / Operating Profit | 207 |
| OPM % | 18% |
| Other Income | 257 |
| Finance Costs | 1 |
| Depreciation & Amortisation | 27 |
| Profit Before Tax | 436 |
| Tax % | - |
| Net Profit / PAT | 386 |
| EPS (₹) | 27 |
| Dividend Payout % | - |
Peer Comparison
Automobiles & Components sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Banco Products (India) Ltd.this co. | ₹9.28 K Cr | ₹1.10 K Cr | 24.00 | 8.96 | 28.41 | 9.3% |
| Maruti Suzuki India Ltd. | ₹5.16 L Cr | ₹1.52 L Cr | 36.20 | 5.30 | 25.33 | 7.8% |
| Mahindra & Mahindra Ltd. | ₹4.55 L Cr | ₹1.19 L Cr | 32.50 | 6.84 | 26.39 | 17.1% |
| Bajaj Auto Limited | ₹2.67 L Cr | ₹50.01 K Cr | 30.50 | 8.68 | 26.02 | 11.9% |
| Eicher Motors Ltd. | ₹2.03 L Cr | ₹18.45 K Cr | 43.20 | 10.56 | — | 14.8% |
| HYUNDAI MOTOR INDIA LIMITED | ₹1.88 L Cr | ₹67.65 K Cr | 33.40 | 11.03 | 17.74 | -1.3% |
| TVS Motor Company Ltd. | ₹1.78 L Cr | ₹36.25 K Cr | 56.60 | 18.32 | 49.03 | 14.1% |
| Industry Average | — | ₹15.02 K Cr | 51.90 | 6.13 | 25.31 | 7.0% |