Banco Products (India) Ltd.
Snapshot View

164.75 +5.95 ▲3.8%

23 July 2021, 04:00:00 P.M.
Volume: 56,083

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.bancoindia.com
Financial Indicators
Market Cap 1,178.27 Cr.
Earnings per share (EPS) 15.90 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 10.36 Trailing Twelve Months Ending 2021-03
Industry PE 91.09 Trailing Twelve Months Ending 2021-03
Book Value / Share 115.76 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.42 Calculated using Price: 164.75
Dividend Yield 1.21 Period Ending 2020-03
No. of Shares Subscribed 7.15 Cr. 71,518,650 Shares
FaceValue 2
Company Profile

Banco Products (India) started in 1962 with the goal of supplying quality products and services for maximum client satisfaction to clients throughout the world. It is working in collaboration with Elring Klinger, Germany and Japan Metal Gaskets, Japan for the Indian market.

The company is having four modern manufacturing plants based at Baroda (Vadodara), approximately 400 kilometers north from Bombay (Mumbai), with state-of-the-art facilities for Production, Design & Development and Quality Assurance. We have a dedicated and professional team working on innovative programs using advanced technology to meet tough challenges.

With a personnel strength of 600 plus dedicated to produce a better product, combined with constant investments in Design and Development, Banco Products (India) Limited is at the forefront of its field.

Banco Products (India) has been a dedicated supplier of high quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades. It offers a complete line of radiators, intercoolers, oil-coolers and all types of engine gaskets.

In February 2010, the board of the company  decided to acquire Nederlandse Radiateuren Fabroiek and its subsidiaries, engaged in the business of manufacturing and distribution of heat transfer products, by purchasing 100 per cent of its equity from shareholders at an aggregate consideration of 17.70 million euros. In March the the company completed the acquisition and Nederlandse Radiateurn Fabriek B.V. - Netherlands become 100% subsidiary of the Company with effect from February 23, 2010.

In 2009, Banco Products finalised contracts with three US-based auto wholesalers in the July-September quarter, marking its entry into the US market.

In  September 2008, Banco Products (I)  announced that the Board of Directors at its meeting held on August 30, 2008, inter alia, has approved a proposal for amalgamation of Ganga Investments Pvt. Ltd with the Company. The Board of directors also approved share exchange ratio recommended by valuers as 236:1 i.e. 236 equity share of Rs 2 each of the Company to be given in exchange of every one equity shares of Rs 100 each held by the shareholders of Ganga Investments Pvt. Ltd whose names appear on Record Date as may be fixed by the Company in due course of time after obtaining the various approvals.

In 2007, Banco Products (I) allotted 6,78,208 equity shares of the face value of Rs 10 each share at a price of Rs 150 per share (33,91,040 equity shares of Rs 2 each at price of Rs 30 per share after sub division) to Japan Metal Gaskets Company Ltd Japan on preferential basis.

Products range of the company:

Gasket- The company manufactures a complete sealing solutions for applications in area of Automotive, Industrial and Agriculture. The company manufactures and exports a whole range of automotive gaskets for diesel engines, agriculture diesel engines, cylinder head gaskets including asbestos steel composite cylinder head gasket, copper cylinder head gasket, edge-moulded cylinder head gasket, gasket head kit, steel composite cylinder head gasket, graphite composite cylinder head gasket and multi layered steel cylinder head gasket.

Radiator- The company manufactures and exports radiators ranging from high performance radiator, auto radiator, car radiator, industrial radiators, intercoolers ranging from air to water intercooler, air to air intercooler, custom designed inter cooler, cabin heater and replacement cores for various automotive, industrial and agricultural applications. Banco also manufactures oil coolers in both brazed aluminium and copper-brass designs for automotive and off road applications.

Banco is a supplier and exporter of radiators and charge air coolers to all major OEMS within India and some leading companies in Europe. Our list of Customers include Tata Motors, Ashok Leyland, Mahindra & Mahindra, Same, Bharat Earth Movers Limited, Caterpillar, John Deere, Tafe, JCB, Massey Ferguson, Indian Railways, Boss Manufacturing Limited and Case New Holland.

It also caters to radiator replacement and auto and car part radiator markets with extensive range of radiators covering popular German, French and Japanese cars.

Compressed Fibre Jointing Sheets (CFJS) - Banco manufactures high quality compressed jointing sheets using non asbestos raw materials. Banco Products exports all varieties of compressed fibre jointing sheets which cover a complete range of Automotive and Industrial applications world wide.

Milestones and Awards

The quality systems of the company are certified to ISO/TS 16949:2002.

2010
-Banco Products (India) Ltd acquired of 100% Equity shareholding of NEDERLANDSE RADIATEURN FABRIEK B.V. - Netherlands
-Company has commenced manufacturing unit at Rudrapur mainly to meet the requirements in and around Rudrapur.

2011
- Banco Products (India) Ltd which is already holding 99.80% Equity Sharers of Kilimanjaro Biochem Limited, acquired 00.20% Equity Shares of Kilimanjaro Biochem Limited & now Kilimanjaro Biochem Limited is Wholly Owned Subsidiary of Banco Products (India) Limited
-Company made investment in 100% Equity shareholding of Lake Minerals (Mauritius) Limited

2012
-Banco Products (India) Ltd - Commercial production of Radiators started at its manufacturing facilities

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.75%
1 Week
+0.27%
1 Month
-11.28%
3 Month
+15.86%
6 Month
+16.31%
1 Year
+98.14%
2 Year
+55.57%
5 Year
-2.63%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 19.75 13.70 16.94 14.52 13.76 13.83 15.30 8.43 9.93
Return on Capital Employed (%) 21.08 15.27 19.50 17.13 17.80 19.28 21.29 16.83 13.69
Return on Assets (%) 11.33 7.77 9.99 9.94 10.13 10.10 10.78 5.78 6.71

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 423 473 589 620 688 720 808 833 710
Non Curr. Liab. 84 74 53 32 19 46 54 62 60
Curr. Liab. 217 308 303 168 250 204 336 300 318
Minority Int.
Equity & Liab. 724 854 944 819 956 969 1,198 1,195 1,089
Non Curr. Assets 269 362 397 269 263 247 258 239 231
Curr. Assets 455 492 547 549 694 722 939 955 858
Misc. Exp. not W/O
Total Assets 724 854 944 819 956 969 1,198 1,195 1,089

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,019 1,024 1,162 1,129 1,204 1,239 1,336 1,615 1,422
Other Income 10 9 9 53 11 32 62 10 25
Total Income 1,029 1,033 1,170 1,182 1,215 1,272 1,398 1,625 1,447
Total Expenditure -897 -908 -997 -1,027 -1,058 -1,096 -1,200 -1,452 -1,300
PBIDT 132 125 173 155 157 176 198 173 147
Interest -9 -13 -19 -8 -3 -2 -2 -4 -3
Depreciation -21 -29 -32 -34 -35 -33 -28 -29 -33
Taxation -26 -21 -32 -25 -30 -44 -52 -71 -35
Exceptional Items
PAT 77 61 90 88 90 97 117 69 77

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 109 97 131 85 69 90 99 62 52
Cash Fr. Inv. -88 -104 -42 88 -17 -59 -22 -52 149
Cash Fr. Finan. -14 -10 -82 -136 -6 -61 -68 -49 -153
Net Change 7 -16 7 36 46 -30 9 -39 49
Cash & Cash Eqvt 36 20 27 63 108 32 41 2 51

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 67.88 67.88 67.88 67.88 67.88 67.88 67.88 67.88 67.88
Public 32.12 32.12 32.12 32.12 32.12 32.12 32.12 32.12 32.12
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 19 Jul 2021
Shareholding for the Period Ended June 30 2021
Banco Products (India) Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Mon, 12 Jul 2021
Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosures Requirements) Regulations 2015 ("Listing Regulations 2015")
Pursuant to Regulation 23(9) of the Listing Regulations 2015 please find enclosed herewith Disclosure of Related Party Transactions of the Company on consolidated basis for the half year ended on 31st March 2021.

We request you to kindly take the same on record.
Tue, 06 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- DINESH KAVTHEKAR
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing Current Week High Close Crossing Current Week High
Closing Near 50 EMA Closing Near 50 EMA

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