Banco Products (India) Limited

NSE: BANCOINDIA · Auto Components & Equipments

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52W Range₹502 – ₹865

Snapshot

Unlock Banco Products (India) Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Banco Products (India) Limited specialises in the design, development, and manufacture of engine cooling modules and sealing systems for the automotive and industrial sectors. The company serves a diverse range of applications, including commercial vehicles, agricultural machinery, construction equipment, and railway locomotives.

Business Model

The company operates as an original equipment manufacturer (OEM) supplier, generating revenue through the sale of high-performance cooling and sealing components to domestic and international automotive and industrial manufacturers.

  • Incorporation Year:1961

Growth Outlook

Growth is driven by the expansion of the automotive sector and increasing demand for specialised cooling solutions across heavy-duty commercial, agricultural, and power generation applications.

Key Risks

  • Cyclical Automotive Demand. The company's performance is highly sensitive to the cyclical nature of the automotive and industrial equipment manufacturing sectors.
  • Raw Material Price Volatility. Fluctuations in the prices of metals and other raw materials used in manufacturing cooling modules can significantly impact operating margins.
  • Technological Obsolescence. The transition toward electric vehicles may necessitate significant R&D investment to adapt traditional cooling and sealing technologies for new powertrain architectures.
  • Export Market Dependency. Exposure to international markets introduces risks related to geopolitical instability, currency fluctuations, and varying global regulatory standards.

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Key Metrics

REVENUE

₹4,110 Cr

TTM · consolidated

+21.6%YoY

NET PROFIT

₹495 Cr

TTM · consolidated

+14.3%YoY

EPS

₹34.58

TTM · consolidated

-13.4%YoY

RETURN ON EQUITY

33.1%

TTM · consolidated

-0.1 ppYoY

RETURN ON CAPITAL EMPLOYED

37.6%

TTM · consolidated

+1.6 ppYoY

P/E

17.1×

Q1 FY27 · consolidated

17.1 vs 21.1x5Y avg

EV/EBITDA

11.4x

Q1 FY27 · consolidated

11.4 vs 25.8x5Y avg

EBITDA MARGIN

19.5%

TTM · consolidated

-1.7 ppYoY

NET PROFIT MARGIN

10.3%

Q1 FY27 · consolidated

-1.0 ppYoY

DEBT TO EQUITY

0.2x

Q1 FY27 · consolidated

+0.01xYoY

Peers · Auto Components & Equipments

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Banco Products (India) LimitedBANCOINDIA
₹8,750 Cr17.1×11.3921.6%19.5%33.1%37.6%-31.4%
Pricol LimitedPRICOLLTD
₹9,307 Cr33.4×18.8643.3%11.9%23.6%29.5%+40.3%
S.J.S. Enterprises LimitedSJS
₹7,470 Cr32.7×24.1028.8%30.7%27.4%34.5%+43.2%
Suprajit Engineering LimitedSUPRAJIT
₹6,653 Cr35.4×13.9918.4%13.0%13.8%20.9%+3.7%
Steel Strips Wheels LimitedSSWL
₹5,846 Cr28.9×12.0119.9%10.1%12.4%19.5%+70.7%
Sharda Motor Industries LimitedSHARDAMOTR
₹5,579 Cr16.1×10.6825.6%14.1%28.0%35.6%-12.2%

As of Q1 FY27

Financials