Banco Products (India)
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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
1 Year Returns
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.
BANCOINDIA Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Banco Products (India).
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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).
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Banco Products (India)'s value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check) 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
- 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-03-31 | ||||
| 2019-03-31 |
| 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.
Future performance checks
We assess Banco Products (India)'s future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Banco Products (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Banco Products (India)'s performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Banco Products (India) Company Filings, last reported 2 months ago.
| 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.
Financial health checks
We assess Banco Products (India)'s financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Banco Products (India) has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-03-31 | ||
| 2019-03-31 |
| 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).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Banco Products (India)'s dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the Banco Products (India) management team is less than 2 years, this suggests a new team.
Management Team
Rajendra Anandpara
MD & Director
₹14M
61
1.9 yrs
Himali Patel
CFO & Whole Time Director
₹2M
36
4.1 yrs
Dinesh Kavthekar
Compliance officer & Company Secretary
₹822K
1.3 yrs
Praveen Rao
President of Sales & Marketing
₹10M
1.9 yrs
P. Allinson
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:
- The tenure for the Banco Products (India) board of directors is about average.
Board of Directors
Mehul Patel
Non Executive Chairman
54
4.3 yrs
Rajendra Anandpara
MD & Director
₹14M
61
1.9 yrs
Himali Patel
CFO & Whole Time Director
₹2M
36
4.1 yrs
Ram Devidayal
Non-Executive & Independent Director
₹440K
68
16.7 yrs
Mukesh Patel
Non-Executive & Independent Director
₹560K
69
10 yrs
Samir Patel
Non-Executive Director
58
35.5 yrs
Devesh Pathak
Non-Executive Independent Director
₹330K
61
4.1 yrs
Udayan Patel
Non-Executive Independent Director
₹300K
54
4.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Banco Products (India)'s management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleShould 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleA 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 - – Full articleBanco 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 - – Full articleHow 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 - – Full articleDo 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 - – Full articleHow 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 - – Full articleWhat 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 - – Full articleBANCOINDIA 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
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.
