BANCOINDIA

Banco Products (I) Limited

Banco Products (I) Limited (BANCOINDIA) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

bancoindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹604.55
Market cap
8,648 Cr
Stock P/E
17.5
P/B
5.13
Dividend yield
2.5%
ROE (FY26)
28.6%
ROCE (FY26)
31.6%
Operating margin (FY26)
14.0%
Debt / equity (FY26)
0.25
OCF / EBITDA (FY26)
55.8%
OCF / EBITDA (3Y)
58.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Banco Products (India) is an automobile-ancillary company with its registered office and factory in Vadodara, Gujarat, and is a government-recognised export house.

Company snapshot

30thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓Debt-to-equity of 0.25x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales725 Cr571 Cr724 Cr804 Cr895 Cr639 Cr875 Cr970 Cr1,038 Cr789 Cr1,099 Cr1,184 Cr
Operating expenses (approx.)602 Cr482 Cr610 Cr671 Cr689 Cr581 Cr660 Cr788 Cr889 Cr664 Cr874 Cr971 Cr
EBITDA122 Cr89 Cr114 Cr133 Cr206 Cr58 Cr214 Cr182 Cr149 Cr125 Cr225 Cr213 Cr
OPM %16.9%15.6%15.8%16.5%23.0%9.1%24.5%18.8%14.4%15.8%20.5%18.0%
Other income3 Cr12 Cr6 Cr2 Cr17 Cr5 Cr19 Cr14 Cr59 Cr9 Cr17 Cr6 Cr
Interest6 Cr4 Cr7 Cr7 Cr6 Cr5 Cr8 Cr7 Cr8 Cr8 Cr-0.37 Cr5 Cr
Depreciation16 Cr17 Cr28 Cr19 Cr19 Cr20 Cr36 Cr24 Cr25 Cr26 Cr60 Cr35 Cr
Profit before tax104 Cr81 Cr86 Cr109 Cr197 Cr39 Cr190 Cr164 Cr175 Cr119 Cr186 Cr179 Cr
Tax %36.5%15.1%20.4%36.7%29.6%20.6%19.1%33.3%20.5%27.9%20.8%31.5%
Net profit66 Cr68 Cr68 Cr69 Cr139 Cr31 Cr154 Cr110 Cr139 Cr86 Cr147 Cr122 Cr
EPS (₹)₹9.24₹9.55₹9.53₹9.60₹19.39₹2.16₹10.73₹7.66₹9.71₹6.00₹10.31₹8.56

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,301 Cr1,374 Cr1,567 Cr1,422 Cr1,533 Cr1,958 Cr2,332 Cr2,768 Cr3,213 Cr3,896 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,158 Cr1,211 Cr1,391 Cr1,300 Cr1,354 Cr1,686 Cr1,968 Cr2,346 Cr2,601 Cr3,215 CrSign in free for the trailing twelve months
EBITDA144 Cr163 Cr175 Cr122 Cr178 Cr272 Cr364 Cr422 Cr611 Cr681 CrSign in free for the trailing twelve months
OPM %11.0%11.9%11.2%8.6%11.6%13.9%15.6%15.3%19.0%17.5%Sign in free for the trailing twelve months
Other income32 Cr40 Cr11 Cr25 Cr9 Cr5 Cr16 Cr38 Cr43 Cr99 CrSign in free for the trailing twelve months
Interest2 Cr2 Cr4 Cr3 Cr4 Cr5 Cr13 Cr21 Cr26 Cr23 CrSign in free for the trailing twelve months
Depreciation33 Cr33 Cr29 Cr33 Cr34 Cr48 Cr56 Cr76 Cr94 Cr135 CrSign in free for the trailing twelve months
Profit before tax141 Cr168 Cr140 Cr111 Cr150 Cr224 Cr311 Cr363 Cr534 Cr644 CrSign in free for the trailing twelve months
Tax %31.0%30.6%50.6%31.3%24.1%31.9%24.2%25.2%26.7%25.2%Sign in free for the trailing twelve months
Net profit97 Cr117 Cr69 Cr77 Cr114 Cr152 Cr236 Cr271 Cr392 Cr482 CrSign in free for the trailing twelve months
EPS (₹)₹13.59₹16.33₹9.66₹10.71₹15.90₹21.31₹32.94₹37.95₹27.39₹33.68Sign in free for the trailing twelve months
Dividend payout %————0.0%9.4%85.0%89.6%40.2%44.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr29 Cr29 Cr
Reserves705 Cr793 Cr818 Cr696 Cr814 Cr967 Cr987 Cr1,037 Cr1,274 Cr1,656 Cr
Borrowings38 Cr34 Cr39 Cr91 Cr14 Cr20 Cr292 Cr222 Cr318 Cr428 Cr
Other liabilities236 Cr382 Cr338 Cr312 Cr373 Cr530 Cr591 Cr754 Cr1,225 Cr946 Cr
Total liabilities994 Cr1,223 Cr1,210 Cr1,113 Cr1,215 Cr1,532 Cr1,884 Cr2,027 Cr2,846 Cr3,058 Cr
Fixed assets (net)191 Cr190 Cr183 Cr180 Cr177 Cr286 Cr351 Cr451 Cr513 Cr465 Cr
CWIP4 Cr13 Cr13 Cr3 Cr1 Cr15 Cr18 Cr10 Cr5 Cr11 Cr
Investments91 Cr24 Cr69 Cr9 Cr0.81 Cr0.51 Cr0 Cr0 Cr38 Cr79 Cr
Inventories322 Cr439 Cr479 Cr476 Cr564 Cr720 Cr995 Cr922 Cr1,381 Cr1,498 Cr
Trade receivables205 Cr257 Cr282 Cr294 Cr270 Cr324 Cr413 Cr481 Cr611 Cr738 Cr
Cash & bank38 Cr48 Cr5 Cr57 Cr74 Cr13 Cr7 Cr17 Cr22 Cr31 Cr
Other assets144 Cr253 Cr179 Cr94 Cr128 Cr172 Cr99 Cr147 Cr275 Cr236 Cr
Total assets994 Cr1,223 Cr1,210 Cr1,113 Cr1,215 Cr1,532 Cr1,884 Cr2,027 Cr2,846 Cr3,058 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity90 Cr99 Cr62 Cr52 Cr157 Cr57 Cr-41 Cr458 Cr164 Cr380 Cr
Cash from investing-59 Cr-22 Cr-52 Cr149 Cr-59 Cr-104 Cr-23 Cr-114 Cr-73 Cr-175 Cr
Cash from financing-61 Cr-68 Cr-49 Cr-153 Cr-78 Cr-11 Cr59 Cr-339 Cr-89 Cr-189 Cr
Net cash flow-30 Cr9 Cr-39 Cr49 Cr20 Cr-58 Cr-6 Cr5 Cr3 Cr16 Cr
Free cash flow (OCF − Capex)78 Cr49 Cr21 Cr17 Cr130 Cr-18 Cr-167 Cr367 Cr66 Cr241 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.8%20.2%16.5%14.3%18.2%22.9%25.0%30.2%34.5%31.6%
ROE %13.5%14.5%8.3%10.8%13.7%15.5%23.5%25.8%30.1%28.6%
Debtor days57686575646065636969
Inventory days168192180209219202232221232272
Days payable50807298111858295102103
Cash conversion cycle175180173186173177215189199237
OCF / EBITDA %62.9%60.6%35.6%42.7%88.0%21.1%-11.4%108.5%26.9%55.8%
OCF / EBITDA % (3 years)——52.2%46.3%57.0%46.5%21.2%44.8%41.6%58.5%
Debt / equity0.050.040.050.130.020.020.290.210.240.25
Current ratio3.552.803.112.753.213.072.242.201.942.20
Net debt / EBITDA0.0030—0.200.28-0.340.030.780.480.480.58