Arthneeti

Banco Products (India) Share Price & Earnings Call Analysis

₹593.85+0.55% today
Market cap
₹8,494 Cr
P/E
17.63
ROE
30.23%
PEG
0.73
Price to sales
2.07
Debt to equity
0.36
52W high / low
₹820 / ₹504
Sales growth (5Y)
20.52%
EBITDA margin
17.33%
Net profit margin
11.59%
Promoter holding
67.88%
Sales (last year)
₹4,110 Cr

Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets. It was Incorporated in 1961, promoted by Mr. Mehul K. Patel who has more than 40 years of experience in the automotive industry [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Banco Products rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹2,874 Cr45.4
240%+Flat₹2,116 Cr55.2
340%+Flat₹370 Cr15.1
420–40%Up 2%+₹25,664 Cr73.6
520–40%Up 0–2%₹21,742 Cr33.9
620–40%Up 0–2%₹11,707 Cr41.0

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Pro shows every company guiding 40%+ revenue growth →Full Auto Components ranking

Financials of Banco Products

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Banco Products

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +5096097497255717248048956398759701,038789
Expenses +369511653602482610671689581660788889664
Operating Profit14098971228911413320658214182149125
OPM %28%16%13%17%16%16%17%23%9%24%19%14%16%
Other Income +13163126217519145927
Interest3756477658788
Depreciation13201516172819192036242526
Profit before tax1267493104818610919739190164175119
Tax %22%31%26%36%15%20%37%30%21%19%33%20%28%
Net Profit +985169666868691393115411013986
EPS in Rs6.873.574.814.624.784.774.809.702.1610.737.669.716.00

Financials of Banco Products

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +1,1161,1291,1481,2391,3361,5671,4221,5331,9582,3322,7683,2133,672
Expenses +9511,0271,0021,0961,1571,4051,3001,3541,6861,9662,3402,6013,002
Operating Profit165102146144179161122178272366428611670
OPM %15%9%13%12%13%10%9%12%14%16%15%19%18%
Other Income +953113218102595143243119
Interest198322434513212631
Depreciation323435332829333448567694110
Profit before tax122113119141167138111150224311363534648
Tax %26%22%25%31%30%50%31%24%32%24%25%27%
Net Profit +908890971176977114152236271392488
EPS in Rs6.286.136.296.808.174.835.367.9510.6616.4718.9827.3934.10
Dividend Payout %16%24%37%66%61%83%187%13%94%67%53%40%

Financials of Banco Products

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital14141414141414141414142929
Reserves5746056747057938186968149679871,0371,2741,606
Borrowings +17236363834409214115418423573729
Other Liabilities +183164232211356322287344405435508868714
Total Liabilities9448199569691,1971,1951,0891,1871,5021,8551,9822,7443,078
Fixed Assets +243227221192191184193190297359454516484
CWIP121134131331151810516
Investments7111912469911003876
Other Assets +6185817316829699298839951,1901,4771,5182,1852,501
Total Assets9448199569691,1971,1951,0891,1871,5021,8551,9822,7443,078

Financials of Banco Products

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +13185689099625215757-41458164
Cash from Investing Activity +-4288-17-59-22-52149-59-104-23-114-73
Cash from Financing Activity +-82-136-6-61-68-49-153-78-1159-339-89
Net Cash Flow73646-309-394920-58-653
Free Cash Flow84614889492126125-15-13536386
CFO/OP100%110%70%97%90%77%72%103%39%13%128%45%

Financials of Banco Products

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days705770607063756460656369
Inventory Days172152190171217191212234225271210289
Days Payable573971519010299118959590128
Cash Conversion Cycle184170189180197152188180191241183231
Working Capital Days71103107105108111120132133123102106
ROCE %19%12%18%17%21%17%13%19%24%26%27%32%
22out of 100

Momentum score · price trend

22 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−16.8%41%
Last 6 months−5.3%46%
Last 3 months−10.2%44%

The price is 32.5% below its all-time high of ₹875.05 (6 Oct 2025). Stocks more than 20% below their peak have their score halved, so 43 became 22.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Banco Products: 0.4 × 41 + 0.4 × 46 + 0.2 × 44 = 43, halved to 22 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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