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Banco Products (India)

NSEI:BANCOINDIA
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BANCOINDIA
NSEI
₹11B
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Banco Products (India) Limited, together with its subsidiaries, designs, develops, manufactures, and sells automobile components for original equipment manufacturers in India and internationally. The last earnings update was 37 days ago. More info.


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BANCOINDIA Share Price and Events
7 Day Returns
-0.7%
NSEI:BANCOINDIA
-2.6%
IN Auto Components
0.4%
IN Market
1 Year Returns
-26.5%
NSEI:BANCOINDIA
-14.7%
IN Auto Components
2%
IN Market
BANCOINDIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco Products (India) (BANCOINDIA) -0.7% 8.1% -11.2% -26.5% 45.4% 122.6%
IN Auto Components -2.6% 9.6% -7% -14.7% 34.8% 155.8%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • BANCOINDIA underperformed the Auto Components industry which returned -14.7% over the past year.
  • BANCOINDIA underperformed the Market in India which returned 2% over the past year.
Price Volatility
BANCOINDIA
Industry
5yr Volatility vs Market

BANCOINDIA Value

 Is Banco Products (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Banco Products (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Banco Products (India).

NSEI:BANCOINDIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BANCOINDIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.142 (1 + (1- 35%) (5.28%))
1.122
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.122 * 8.6%)
17.2%

Discounted Cash Flow Calculation for NSEI:BANCOINDIA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Banco Products (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:BANCOINDIA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.2%)
2019 763.37 Est @ 10.06% 651.37
2020 834.42 Est @ 9.31% 607.52
2021 907.68 Est @ 8.78% 563.89
2022 984.02 Est @ 8.41% 521.63
2023 1,064.24 Est @ 8.15% 481.38
2024 1,149.08 Est @ 7.97% 443.49
2025 1,239.23 Est @ 7.85% 408.11
2026 1,335.35 Est @ 7.76% 375.24
2027 1,438.10 Est @ 7.69% 344.82
2028 1,548.14 Est @ 7.65% 316.74
Present value of next 10 years cash flows ₹4,714.17
NSEI:BANCOINDIA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,548.14 × (1 + 7.55%) ÷ (17.2% – 7.55%)
₹17,262.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹17,262.08 ÷ (1 + 17.2%)10
₹3,531.69
NSEI:BANCOINDIA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,714.17 + ₹3,531.69
₹8,245.86
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹8,245.86 / 71.52
₹115.3
NSEI:BANCOINDIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:BANCOINDIA represents 0.99471x of BSE:500039
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99471x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 115.30 x 0.99471
₹114.69
Value per share (INR) From above. ₹114.69
Current discount Discount to share price of ₹159.85
= -1 x (₹159.85 - ₹114.69) / ₹114.69
-39.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Banco Products (India) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Banco Products (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco Products (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BANCOINDIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹12.50
BSE:500039 Share Price ** BSE (2019-03-20) in INR ₹160.7
India Auto Components Industry PE Ratio Median Figure of 99 Publicly-Listed Auto Components Companies 16.43x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Banco Products (India).

NSEI:BANCOINDIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500039 Share Price ÷ EPS (both in INR)

= 160.7 ÷ 12.50

12.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Products (India) is good value based on earnings compared to the IN Auto Components industry average.
  • Banco Products (India) is good value based on earnings compared to the India market.
Price based on expected Growth
Does Banco Products (India)'s expected growth come at a high price?
Raw Data
NSEI:BANCOINDIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.2%per year
India Auto Components Industry PEG Ratio Median Figure of 37 Publicly-Listed Auto Components Companies 1.27x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Banco Products (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Banco Products (India)'s assets?
Raw Data
NSEI:BANCOINDIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹124.85
BSE:500039 Share Price * BSE (2019-03-20) in INR ₹160.7
India Auto Components Industry PB Ratio Median Figure of 110 Publicly-Listed Auto Components Companies 2.05x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
NSEI:BANCOINDIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500039 Share Price ÷ Book Value per Share (both in INR)

= 160.7 ÷ 124.85

1.29x

* Primary Listing of Banco Products (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Products (India) is good value based on assets compared to the IN Auto Components industry average.
X
Value checks
We assess Banco Products (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Banco Products (India) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BANCOINDIA Future Performance

 How is Banco Products (India) expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Banco Products (India), future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco Products (India) expected to grow at an attractive rate?
  • Banco Products (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Banco Products (India)'s earnings growth is positive but not above the India market average.
  • Banco Products (India)'s revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:BANCOINDIA Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BANCOINDIA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.2%
NSEI:BANCOINDIA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 10.8%
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 17%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BANCOINDIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BANCOINDIA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 17,529 1
2019-03-31 15,792 1
NSEI:BANCOINDIA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 15,333 894
2018-09-30 15,124 1,244
2018-06-30 14,692 1,253
2018-03-31 13,815 990 1,168
2017-12-31 13,700 985
2017-09-30 12,997 866
2017-06-30 12,585 817
2017-03-31 12,394 903 972
2016-12-31 12,701 1,093
2016-09-30 12,843 1,096
2016-06-30 12,539 1,026
2016-03-31 11,907 685 899

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco Products (India)'s earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • Banco Products (India)'s revenue is expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BANCOINDIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Banco Products (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANCOINDIA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31
2019-03-31
NSEI:BANCOINDIA Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 12.50
2018-09-30 17.38
2018-06-30 17.51
2018-03-31 16.33
2017-12-31 13.78
2017-09-30 12.10
2017-06-30 11.43
2017-03-31 13.59
2016-12-31 15.29
2016-09-30 15.34
2016-06-30 14.34
2016-03-31 12.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Banco Products (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Banco Products (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Banco Products (India) has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BANCOINDIA Past Performance

  How has Banco Products (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Banco Products (India)'s growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Banco Products (India)'s year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Banco Products (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Banco Products (India)'s 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.
Earnings and Revenue History
Banco Products (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Banco Products (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BANCOINDIA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 15,332.94 893.72 1,907.70
2018-09-30 15,124.04 1,243.52 1,886.40
2018-06-30 14,691.90 1,252.50 1,781.50
2018-03-31 13,814.94 1,167.72 1,773.70
2017-12-31 13,699.66 985.11 1,715.74
2017-09-30 12,996.66 865.51 1,670.44
2017-06-30 12,584.50 817.30 1,604.30
2017-03-31 12,393.56 972.05 1,665.40
2016-12-31 12,700.57 1,093.19 1,646.97
2016-09-30 12,842.67 1,096.49 1,632.27
2016-06-30 12,539.10 1,026.10 1,593.70
2016-03-31 11,907.47 898.89 1,607.97
2015-12-31 11,484.49 657.42 2,821.97
2015-09-30 11,273.29 620.12 2,833.47
2015-06-30 11,088.39 913.92 2,854.17
2015-03-31 11,130.19 876.52 1,673.06
2014-12-31 11,596.01 995.66 2,842.50
2014-09-30 11,797.11 1,106.06 2,864.70
2014-06-30 11,559.90 860.50 1,617.70
2014-03-31 11,461.77 898.16 2,798.10
2013-12-31 11,257.93 868.22 2,649.53
2013-09-30 10,892.13 699.12 2,566.63
2013-06-30 10,632.23 617.82 2,503.33
2013-03-31 10,241.43 613.02 2,462.31
2012-12-31 10,393.16 659.09 2,315.74
2012-09-30 10,407.56 785.49 2,313.34
2012-06-30 10,217.15 786.61 2,303.33
2012-03-31 10,188.65 765.29 2,281.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Banco Products (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco Products (India) used its assets less efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Banco Products (India) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Banco Products (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Banco Products (India) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BANCOINDIA Health

 How is Banco Products (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Banco Products (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Banco Products (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Banco Products (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Banco Products (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 16.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Banco Products (India) Company Filings, last reported 2 months ago.

NSEI:BANCOINDIA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,934.40 606.40 1,700.40
2018-09-30 8,934.40 606.40 1,700.40
2018-06-30 8,077.00 336.10 2,121.20
2018-03-31 8,077.06 336.61 1,762.91
2017-12-31 7,798.80 470.20 2,173.30
2017-09-30 7,798.80 470.20 2,173.30
2017-06-30 7,344.10 383.70 1,595.70
2017-03-31 7,195.16 383.72 1,590.75
2016-12-31 7,645.00 413.20 1,711.90
2016-09-30 7,645.00 413.20 1,711.90
2016-06-30 6,878.70 362.80 1,090.70
2016-03-31 6,878.70 362.84 1,084.11
2015-12-31 6,903.00 277.40 836.80
2015-09-30 6,903.00 277.40 836.80
2015-06-30 6,197.54 356.16 633.71
2015-03-31 6,197.54 356.16 633.71
2014-12-31 6,638.40 650.80 683.20
2014-09-30 6,638.40 650.80 683.20
2014-06-30 5,887.10 1,381.30 268.50
2014-03-31 5,887.13 1,722.91 268.92
2013-12-31
2013-09-30
2013-06-30 4,725.42 2,138.68 207.03
2013-03-31 4,725.42 2,138.68 207.03
2012-12-31
2012-09-30
2012-06-30 4,234.11 1,471.59 379.69
2012-03-31 4,234.11 1,470.33 379.69
  • Banco Products (India)'s level of debt (6.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33.7% vs 6.8% today).
  • Debt is well covered by operating cash flow (163.3%, greater than 20% of total debt).
  • Banco Products (India) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Banco Products (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Banco Products (India) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BANCOINDIA Dividends

 What is Banco Products (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.22%
Current annual income from Banco Products (India) dividends.
If you bought ₹2,000 of Banco Products (India) shares you are expected to receive ₹124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Banco Products (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Banco Products (India)'s dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BANCOINDIA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 76 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BANCOINDIA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31
NSEI:BANCOINDIA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-29 10.000 5.629
2018-06-26 10.000 4.751
2018-03-16 8.200 3.691
2017-08-28 9.000 3.933
2017-05-22 9.000 4.075
2017-01-11 9.000 4.214
2016-08-16 4.600 2.256
2016-05-30 4.600 2.971
2016-01-29 3.100 2.732
2015-07-13 3.000 2.348
2015-05-25 3.000 3.101
2015-02-13 0.800 0.666
2014-09-25 2.000 1.315
2014-02-13 3.400 3.743
2014-02-11 3.400 6.032
2013-07-29 1.800 4.012
2013-06-10 1.800 5.079
2012-08-06 2.500 4.835
2011-07-14 3.000 4.430
2011-05-30 3.000 4.200
2010-09-29 2.000 2.450
2009-06-01 1.500 2.420
2009-03-23 1.400 6.038

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Banco Products (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Banco Products (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Banco Products (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco Products (India) has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BANCOINDIA Management

 What is the CEO of Banco Products (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rajendra Anandpara
COMPENSATION ₹14,453,824
AGE 61
TENURE AS CEO 1.9 years
CEO Bio

Mr. Rajendra Jayantilal Anandpara has been Managing Director at Banco Products (India) Limited since April 27, 2017. Mr. Anandpara served as the Chief Executive Officer of Schaeffler India Limited (Alternate name: Fag Bearings India Limited) until March 3, 2017 and served as its Managing Director from August 1, 2009 to March 3, 2017. Mr. Anandpara has over 30 years experience in Senior Positions with various companies such as SKF Bearings, FAG Bearings India Limited in Multi business and Multi plants with extensive strong experience in Strategic Planning and Development, Sales and Marketing and proven experience in Manufacturing- Operations, Engineering, Project Engineering, Quality, fiscal, strategic and operations leadership and experience of both Indian and Global markets. He has been a Director Banco Products (India) Limited since April 27, 2017. He served as a Director of Schaeffler India Limited from July 23, 2009 to March 3, 2017. Mr. Anandpara is Production Engineering Graduate and holds Executive Management qualification from Ross School of Management and IIM Bangalore.

CEO Compensation
  • Insufficient data for Rajendra to compare compensation growth.
  • Rajendra's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure of the Banco Products (India) management team in years:

1.9
Average Tenure
  • The average tenure for the Banco Products (India) management team is less than 2 years, this suggests a new team.
Management Team

Rajendra Anandpara

TITLE
MD & Director
COMPENSATION
₹14M
AGE
61
TENURE
1.9 yrs

Himali Patel

TITLE
CFO & Whole Time Director
COMPENSATION
₹2M
AGE
36
TENURE
4.1 yrs

Dinesh Kavthekar

TITLE
Compliance officer & Company Secretary
COMPENSATION
₹822K
TENURE
1.3 yrs

Praveen Rao

TITLE
President of Sales & Marketing
COMPENSATION
₹10M
TENURE
1.9 yrs

P. Allinson

TITLE
Managing Director of NEDERLANDSE RADIATEUREN FABR1EK B.V.
Board of Directors Tenure

Average tenure and age of the Banco Products (India) board of directors in years:

4.2
Average Tenure
59.5
Average Age
  • The tenure for the Banco Products (India) board of directors is about average.
Board of Directors

Mehul Patel

TITLE
Non Executive Chairman
AGE
54
TENURE
4.3 yrs

Rajendra Anandpara

TITLE
MD & Director
COMPENSATION
₹14M
AGE
61
TENURE
1.9 yrs

Himali Patel

TITLE
CFO & Whole Time Director
COMPENSATION
₹2M
AGE
36
TENURE
4.1 yrs

Ram Devidayal

TITLE
Non-Executive & Independent Director
COMPENSATION
₹440K
AGE
68
TENURE
16.7 yrs

Mukesh Patel

TITLE
Non-Executive & Independent Director
COMPENSATION
₹560K
AGE
69
TENURE
10 yrs

Samir Patel

TITLE
Non-Executive Director
AGE
58
TENURE
35.5 yrs

Devesh Pathak

TITLE
Non-Executive Independent Director
COMPENSATION
₹330K
AGE
61
TENURE
4.1 yrs

Udayan Patel

TITLE
Non-Executive Independent Director
COMPENSATION
₹300K
AGE
54
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Banco Products (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Banco Products (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BANCOINDIA News

Simply Wall St News

Do You Like Banco Products (India) Limited (NSE:BANCOINDIA) At This P/E Ratio?

We'll show how you can use Banco Products (India) Limited's (NSE:BANCOINDIA) P/E ratio to inform your assessment of the investment opportunity. … Banco Products (India) has a P/E ratio of 12.58, based on the last twelve months. … How Do You Calculate Banco Products (India)'s P/E Ratio

Simply Wall St -

Should Banco Products (India) Limited (NSE:BANCOINDIA) Be Part Of Your Dividend Portfolio?

Historically, Banco Products (India) Limited (NSE:BANCOINDIA) has paid a dividend to shareholders. … Let's dig deeper into whether Banco Products (India) should have a place in your portfolio. … Check out our latest analysis for Banco Products (India)

Simply Wall St -

Does Banco Products (India) Limited (NSE:BANCOINDIA) Have A Volatile Share Price?

If you're interested in Banco Products (India) Limited (NSE:BANCOINDIA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Is Banco Products (India) Limited's (NSE:BANCOINDIA) 14% ROE Strong Compared To Its Industry?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every ₹1 worth of equity in the company, it was able to earn ₹0.14. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

A Close Look At Banco Products (India) Limited’s (NSE:BANCOINDIA) 20% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Banco Products (India) Limited (NSE:BANCOINDIA): Has Recent Earnings Growth Beaten Long-Term Trend?

Investors may find my commentary, albeit very high-level and brief, on Banco Products (India) Limited (NSE:BANCOINDIA) useful as an attempt to give more color around how Banco Products (India) is currently performing. … See our latest analysis for Banco Products (India)? … Did BANCOINDIA's recent earnings growth beat the long-term trend and the industry.

Simply Wall St -

How Does Banco Products (India) Limited (NSE:BANCOINDIA) Fare As A Dividend Stock?

Historically, Banco Products (India) Limited (NSE:BANCOINDIA) has been paying a dividend to shareholders. … Does Banco Products (India) tick all the boxes of a great dividend stock? … Check out our latest analysis for Banco Products (India)

Simply Wall St -

Do You Like Banco Products (India) Limited (NSE:BANCOINDIA) At This P/E Ratio?

We'll look at Banco Products (India) Limited's (NSE:BANCOINDIA) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Banco Products (India)'s P/E ratio is 10.13. … How Do You Calculate Banco Products (India)'s P/E Ratio

Simply Wall St -

How Should You Think About Banco Products (India) Limited's (NSE:BANCOINDIA) Risks?

If you're interested in Banco Products (India) Limited (NSE:BANCOINDIA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

What To Know Before Buying Banco Products (India) Limited (NSE:BANCOINDIA) For Its Dividend

In the past 10 years Banco Products (India) Limited (NSE:BANCOINDIA) has returned an average of 4.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether Banco Products (India) should have a place in your portfolio. … Check out our latest analysis for Banco Products (India)

Simply Wall St -

BANCOINDIA Company Info

Description

Banco Products (India) Limited, together with its subsidiaries, designs, develops, manufactures, and sells automobile components for original equipment manufacturers in India and internationally. It offers engine cooling modules, such as radiators, charged air coolers, fuel coolers, oil coolers, and condensers for commercial vehicles, agricultural tractors, power generation equipment, traction rail locomotives, and earth moving and other related applications. The company was founded in 1961 and is based in Vadodara, India.

Details
Name: Banco Products (India) Limited
BANCOINDIA
Exchange: NSEI
Founded: 1961
₹11,493,047,055
71,518,650
Website: http://www.bancoindia.com
Address: Banco Products (India) Limited
Bil, Near Bhaili Railway Station,
Padra Road,
Vadodara,
Gujarat, 391410,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500039 Equity Shares Mumbai Stock Exchange IN INR 20. Oct 2004
NSEI BANCOINDIA Equity Shares National Stock Exchange of India IN INR 20. Oct 2004
Number of employees
Current staff
Staff numbers
0
Banco Products (India) employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:47
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2018/09/27
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.