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On 6 Nov 2026, Banco Products (I) was priced at ₹598.20, or 17.4× trailing earnings, against an industry P/E of 25.6×, and the shares are 31% below their 52-week high. Its ROCE of 35% is the highest among the 7 largest Auto Parts peers, and sales and net profit grew 19% and 27% a year over 3 years. Its dividend yield is 2.6%, and debt is 0.36× equity. It is a small-cap company with a market cap of ₹8,556 Cr, ranked 33rd of 140 Auto Parts companies by market cap; the shares fell 25% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹615.00
Day high
₹625.95
Day low
₹593.50
Prev. close
₹618.80
Volume
1.1 L

Health check

4 good · 2 to check
  • ReturnsBehind

    −24.6% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 17.4 vs industry 25.6.

  • GrowthStrong

    Sales +18.9%, profit +26.9% a year over 3 years.

  • ProfitabilityStrong

    ROCE 34.6% vs peer median 15.6%.

  • Balance sheetSolid

    Debt 0.36× equity, interest covered 29.5×, Piotroski 8 of 9.

  • Red flags1 to check

    31% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Parts

139 listed peers. Screen the industry

Small cap

₹8,556 Cr, #33 of 140 in its industry by size.

Defensive

Beta 0.66 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹4,110 Cr · profit ₹495 Cr
Market cap
₹8,556 Cr
Small cap
P/E
17.4
Industry 25.6
Price to book
5.08
Peers 8.75
Dividend yield
2.59%
ROE
32.3%
Peers 12.3%
ROCE
34.6%
Peers 15.6%
Debt to equity
0.36
Debt ₹614 Cr
EPS (TTM)
₹34.34
Face value ₹2
OPM (TTM)
17.5%
Net margin 12.0%
Sales growth
+21.8%
Latest quarter vs a year ago
Profit growth
+11.7%
Latest quarter vs a year ago
Price to sales
2.08
EV/EBITDA 12.4

Strengths and risks

Strengths

  • Return on equity of 32.3%.
  • Return on capital employed of 34.6%.
  • Dividend yield of 2.59%.
  • Quarterly sales up 21.8% on a year ago.
  • P/E of 17.4 against an industry P/E of 25.6.

Risks to check

  • 31% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Banco Products (I)

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…

Headquarters
Vadodara
Employees
722
Sector
Consumer Cyclical
ISIN
INE213C01025
Website
bancoindia.com

Price range

52 weeks

₹502.00₹865.00

Today

₹593.50₹625.95
Avg volume (3M)
96.8K
1-year return
minus 24.6%
From 52-week high
minus 30.8%

Peers · Auto Parts

Compare with peersScreen the whole industry
Company
MOTHERSONSamvardhana Motherson International158.55minus 5.62%1,68,54935.43.7011.5%10.2%9.6%17.1%37.2%0.30%plus 60.8%
BOSCHLTDBosch50,700.00minus 3.38%1,49,54563.310.0724.2%19.4%13.4%10.3%24.8%0.51%plus 38.6%
UNOMINDAUNO Minda1,326.00minus 0.67%76,57258.111.2120.5%19.1%11.0%20.5%22.3%0.22%plus 6.6%
SONACOMSSona BLW Precision Forgings900.00minus 1.67%56,26675.08.7513.2%11.9%23.2%18.8%17.4%0.39%plus 89.2%
SCHAEFFLERSchaeffler India3,519.70minus 1.17%55,01441.98.9725.7%20.2%17.9%12.3%9.4%0.98%minus 13.9%
MRFMRF1,25,295.00minus 0.50%53,13922.02.5315.6%12.3%15.1%10.6%46.7%0.19%minus 20.3%
BALKRISINDBalkrishna Industries2,410.00plus 0.34%46,58932.74.2513.8%11.6%21.3%3.6%5.5%0.71%plus 1.6%
BANCOINDIABanco Products (I)598.20minus 3.33%8,55617.45.0834.6%32.3%17.5%18.9%26.9%2.59%minus 24.6%
Median of 7 peers–−1.17%56,26641.98.7515.6%12.3%15.1%12.3%22.3%0.39%6.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
9631,0317821,0911,173
781882657866960
182149125225213
18.9%14.5%16.0%20.6%18.2%
13.858.59.3175.7
7.18.27.7−0.45.2
24.424.925.759.635.1
––18.23.4–
164175119186179
33.3%20.5%27.9%20.8%31.5%
11013985.8147122
7.669.716.0010.078.56

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+18.9%
Profit CAGR 3Y
+26.9%
EPS CAGR 3Y
+26.9%
ROE
32.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,3012,7423,1873,867
–+19.2%+16.2%+21.3%
1,9352,3142,5763,184
366428611684
15.9%15.6%19.2%17.7%
11.736.322.844.7
9.2202422.6
56.37694.3135
−0.9−5.918.672.9
311363534644
24.2%25.2%26.7%25.2%
236271392482
–+15.2%+44.4%+22.9%
16.4718.9727.3933.68

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14.314.328.628.6
9871,0371,2741,656
418423573614
465553868760
1,8842,0272,7443,058
376470525502
25.218.811.936.8
11.10.11.41.6
14.559.463.9141
1,4571,4802,1422,377
1,8842,0272,7443,058

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−41.5458164380
−23.4−114−38.3−175
58.7−339−123−189
−6.15315.9
−125−95.2−64.2−139
−167363100241
−200−243−157−215

Shareholding pattern

Source: NSE filings
67.9%
promoters
  • Promoters67.88%
  • Public32.12%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202667.88%32.12%0.00
30 Jun 202667.88%32.12%0.00
31 Mar 202667.88%32.12%0.00
31 Dec 202567.88%32.12%0.00
30 Sep 202567.88%32.12%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you