Banco Products (India) Limited (BANCOINDIA) AI Stock Analysis

• Market Cap: ₹117.20B
• Dividend Yield: 1.34%
• Average Volume (3M): 185.74K
• Price to Earnings (P/E): 27.1
• Beta (1Y): 1.28
• Revenue Growth: 19.69%
• EPS Growth: 59.50%
• Country: IN
• Employees: 690
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): 7.66
• Shares Outstanding: 143,037,300
• 10 Day Avg. Volume: 93,466
• 30 Day Avg. Volume: 185,741
• PEG Ratio: 0.28
• Price to Book (P/B): 3.78
• Price to Sales (P/S): 1.53
• P/FCF Ratio: 74.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹893.00 ▲(8.98% Upside)

Banco Products (India) Limited shows strong financial performance with consistent growth and a solid balance sheet, which is the most significant factor in its overall score. Technical indicators suggest a bullish trend, although some caution is warranted due to potential short-term weakness. The valuation is fair, with a moderate dividend yield.

Banco Products (India) Limited Business Overview & Revenue Model

Company Description

Banco Products (India) Limited (BANCOINDIA) is a leading manufacturer in the automotive sector, specializing in the production of high-quality engine components and cooling systems. Established in 1961, the company serves a diverse range of clients, including major original equipment manufacturers (OEMs) and aftermarket distributors. Its core product offerings include gaskets, cylinder head covers, oil cooler assemblies, and radiator components, catering primarily to the automotive and industrial segments.

How the Company Makes Money

Banco Products generates revenue through the manufacturing and sale of automotive components, particularly focusing on engine parts and cooling systems. The company primarily earns money by supplying its products to OEMs, which form a significant portion of its customer base. Additionally, BANCOINDIA capitalizes on the aftermarket segment, providing replacement parts to distributors and service centers. Strategic partnerships with leading automotive manufacturers enhance its market presence and ensure a steady demand for its products. The company's commitment to quality and innovation in manufacturing processes also contributes to its revenue growth, as it positions itself as a trusted supplier in a competitive market.

Banco Products (India) Limited Financial Statement Overview

Summary

Banco Products (India) Limited shows strong financial health with robust revenue and profit growth, a solid balance sheet, and efficient cash generation. The company is well-positioned in the auto parts industry with a balanced approach to growth and financial stability.

Income Statement

Banco Products (India) Limited has demonstrated robust revenue growth, with a consistent increase in total revenue over the years. The gross profit margin remains healthy, reflecting efficient cost management. The net profit margin has improved, indicating strong profitability. The EBIT and EBITDA margins are strong, suggesting efficient operational performance.

Balance Sheet

The company's balance sheet reflects a stable financial position with a reasonable debt-to-equity ratio. The equity ratio indicates a strong asset base funded by equity, reducing financial risk. Return on Equity (ROE) is positive and improving, showcasing effective use of shareholders' capital.

Cash Flow

The cash flow statement shows positive free cash flow growth, indicating strong cash generation capabilities. However, fluctuations in operating cash flow suggest some instability in cash operations. Free cash flow to net income ratio is healthy, indicating efficient cash conversion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.79B	32.13B	27.68B	23.32B	19.58B	15.33B
Gross Profit	15.20B	14.33B	11.34B	9.73B	7.68B	6.36B
EBITDA	6.24B	5.61B	3.90B	3.37B	2.53B	1.85B
Net Income	4.33B	3.92B	2.71B	2.36B	1.52B	1.14B
Balance Sheet
Total Assets	0.00	28.46B	20.27B	18.84B	15.32B	12.15B
Cash, Cash Equivalents and Short-Term Investments	1.57B	1.57B	593.66M	145.20M	779.47M	1.19B
Total Debt	0.00	5.73B	4.23B	4.18B	1.15B	142.31M
Total Liabilities	-13.03B	15.44B	9.76B	8.82B	5.50B	3.87B
Stockholders Equity	13.03B	13.03B	10.52B	10.02B	9.82B	8.28B
Cash Flow
Free Cash Flow	0.00	658.50M	3.63B	-1.67B	-177.62M	1.25B
Operating Cash Flow	0.00	1.64B	4.58B	-414.61M	572.39M	1.57B
Investing Cash Flow	0.00	-725.40M	-1.14B	-233.74M	-1.04B	-587.21M
Financing Cash Flow	0.00	-888.10M	-3.39B	587.20M	-112.42M	-781.92M

Banco Products (India) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 819.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANCOINDIA, the sentiment is Positive. The current price of 819.4 is above the 20-day moving average (MA) of 750.86, above the 50-day MA of 725.00, and above the 200-day MA of 536.58, indicating a bullish trend. The MACD of -1.35 indicates Negative momentum. The RSI at 64.74 is Neutral, neither overbought nor oversold. The STOCH value of 50.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BANCOINDIA.

Banco Products (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHRIPISTON	76 Outperform	₹118.93B	22.66	―	0.37%	14.43%	15.60%
ASKAUTOLTD	69 Neutral	₹94.44B	35.06	―	0.52%	9.75%	21.44%
MINDACORP	69 Neutral	₹141.50B	54.72	―	0.24%	10.08%	4.16%
VARROC	69 Neutral	₹95.64B	71.43	―	0.16%	8.55%	-74.55%
BANCOINDIA	68 Neutral	₹117.20B	27.09	―	1.34%	19.69%	59.50%
LUMAXTECH	66 Neutral	₹81.72B	43.59	―	0.46%	32.63%	34.16%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Banco Products (India) Limited Corporate Events

Banco Products (India) Limited Discloses AGM Voting Results

Banco Products (India) Limited announced the results of its 64th Annual General Meeting held on September 19, 2025, through video conferencing. The meeting included resolutions that were voted on through remote e-voting and e-voting during the AGM, with the scrutinizer’s report detailing the outcomes. This announcement reflects the company’s ongoing commitment to maintaining transparency and regulatory compliance, potentially impacting its corporate governance and stakeholder relations positively.

Banco Products Appoints New Secretarial Auditors

Banco Products (India) Limited has announced a change in its secretarial auditors, appointing M/s. J. J. Gandhi & Co. as the new auditors for a five-year term starting from the financial year 2025-26. This strategic decision is part of the company’s compliance with SEBI regulations and aims to enhance its corporate governance and regulatory adherence, potentially impacting its operational transparency and stakeholder confidence.

Banco Products Ensures Continuity Amid NRF France Warehouse Fire

Banco Products (India) Limited has reported a fire incident at the warehouse of its wholly owned subsidiary, NRF France S.A.S. The company has assured that all personnel are safe and operations are being managed through other warehouses to ensure continuity. Preliminary assessments suggest no material impact on the group’s overall performance, and the company is coordinating with its insurance provider to assess the damage.