BANCOINDIAAutomobile and Auto Components

Banco Products (I) Limited

Auto Components & Equipments · ISIN INE213C01025 · BSE 500039 · NSE EQ · FV ₹2
Last price
₹593
-0.02%today
What this company does

Banco Products (I) Limited operates in Auto Components & Equipments, part of the Automobile and Auto Components sector. It booked ₹1,184 cr of revenue in its latest quarter (Q1 FY27) and kept 10.5% of sales as profit.

In the report:
76out of 100
Equitytale Health Score
Solid

Healthier than 76% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 37–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns89

How much profit it earns on the money it employs

Balance sheet71

How much it owes, and whether earnings cover the interest

Cash quality35

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation82

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 22% vs last year
Promoters hold 68%
No promoter shares pledged
Strong 29% return on equity
Turns profit into real cash
Watch-outs
! Profit down 24% vs last year

What if I invest in BANCOINDIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹593 -0.02%
latest close · 2026-09-17
1-year return
+502.2%
52-wk low ₹5952-wk high ₹694
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.3Average
LowAverageHigh
P/B ratio5.04High
Below bookModerateHigh
EV / EBITDA10.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity29.5%Strong
WeakFairStrong ▸15%
Return on capital38.6%Strong
WeakFairStrong
Net margin10.5%Decent
ThinDecentStrong
EBITDA margin18.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.25Comfortable
LowModerateHigh ▸1
Interest cover35.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.20Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8,484 cr
Book value
₹118
EPS
₹8.56
latest quarter
Net debt
₹397 cr
owes more than its cash
Enterprise value
₹8,881 cr
EBITDA
₹875 cr
annualised
EBIT
₹735 cr
annualised
Operating margin
15.5%
Return on assets
16.2%
Earnings yield
5.77%
P/S
1.79
Sales / share
₹331.0
Tax rate
31.5%
Face value
₹2
Shares
14.3 cr
Working capital
₹1,388 cr
Current assets
₹2,543 cr
Current liabilities
₹1,155 cr
Delivery %
48.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹118₹316, midpoint ₹209

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,184 cr
Other Income₹6 cr
Total Income₹1,190 cr
Cost of Materials₹544 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹112 cr
Employee Benefit Expense₹127 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹35 cr
Other Expenses₹188 cr
Total Expenses₹1,011 cr
Profit before Tax₹179 cr
Tax Expense₹56 cr
Net Profit₹122 cr
Net margin on total income10.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹656 cr55.1%
Employee benefit expense₹127 cr10.7%
Finance costs₹5 cr0.4%
Depreciation & amortisation₹35 cr2.9%
Other expenses₹188 cr15.8%
Tax expense₹56 cr4.7%
Profit for the period₹122 cr10.3%
Total income ₹1,190 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue789 cr1,099 cr1,184 cr
Total income799 cr1,116 cr1,190 cr
Expenses698 cr933 cr1,011 cr
Profit before tax119 cr186 cr179 cr
Tax33 cr39 cr56 cr
Net profit (owners' share)102 cr162 cr124 cr
Net margin (owners' share, on revenue)13.0%14.8%10.5%
EPS (₹)6.0010.318.56
YoY (latest quarter): total income +20.9% · net profit -24.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,058 cr
Shareholder equity
₹1,684 cr
parent shareholders
Total debt
₹428 cr
Cash
₹31 cr
Cash flow · H1 FY26
Operating
₹14 cr
Investing
₹-89 cr
Financing
₹165 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.88%
trailing 12 months
Dividend / share (TTM)
₹23
Last dividend
₹8
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹8 / share11 Sep 2026
Dividend₹8 / share18 Mar 2026
Dividend₹7 / share19 Nov 2025
Dividend₹11 / share14 Feb 2025
Bonus issue1:130 Dec 2024
Dividend₹20 / share16 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
67.9%
FII / Foreign
3.9%
DII / Domestic
0.3%
Retail / others
28.0%
Smart-money activity
Insider trades
SoldBanco Aluminium Private Limited · Promoter Group29,000 · ₹1.7 cr23 Mar 26
BoughtMehul Kanubhai Patel · Promoters29,000 · ₹1.7 cr23 Mar 26
BoughtMehul Kanubhai Patel · Promoters10.62 L · ₹111.9 cr22 Nov 24
Bulk / block deals
short · NSE2523 Jun 26
short · NSE119 Jun 26
short · NSE1004 Jun 26
Stake changes
BothBanco Aluminium Private Limited · promoter→ 0.81% · 29,00023 Mar 26
BothMehul Kanubhai Patel · promoter→ 55.59% · 29,00023 Mar 26
BothMehul Kanubhai Patel · promoter→ 55.59% · 29,00023 Mar 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Sep 2025
See the official result
1
To receive, consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 including Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
40.28 L votes for, 80 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Mehul K. Patel (DIN: 01772099), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 75% of shareholders other than promotersneeded 50%
30.21 L votes for, 10.12 L against · 33% of mutual funds and other big investors said no
3
Appointment of Secretarial Auditors of the Company and to fix their remuneration.
Backed by 100% of shareholders other than promotersneeded 50%
40.33 L votes for, 480 against · 0% of mutual funds and other big investors said no
4
Ratification of Remuneration to Cost Auditor of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
40.33 L votes for, 380 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 67.9% between them · as of 2026-06-30
Mehul Kanubhai Patel55.59%
Samir Kanubhai Patel7.01%
Hasumati Kanubhai Patel2.07%
Monal Samirbhai Patel1.83%
Banco Aluminium Private Limited0.81%
Sharan Mehul Patel0.28%
Pritty Vimal Patel0.18%
Shivam Mehul Patel0.09%
Business done with them
FY2025 · 3 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.2% of its ₹3,213 cr revenue and received ₹8 L back from them.
BANCO ALUMINIUM PRIVATE LIMITED
Bought goods from them · Refer Textblock
also owns 0.81% of the company
₹2 cr
company paid
SHARAN MEHUL PATEL
Other payments to them · Refer Textblock
also owns 0.28% of the company
₹2 cr
company paid
BANCO ALUMINIUM PRIVATE LIMITED
Other payments to them · Refer Textblock
also owns 0.81% of the company
₹1 cr
company paid
SHIVAM MEHUL PATEL
Other payments to them · Refer Textblock
also owns 0.09% of the company
₹14.3 L
company paid
BANCO ALUMINIUM PRIVATE LIMITED
Sold goods to them · Refer Textblock
also owns 0.81% of the company
₹8 L
company received

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.