company background image
BANC

Banco Products (India)NSEI:BANCOINDIA Stock Report

Market Cap

₹12.5b

7D

-5.7%

1Y

35.5%

Updated

26 Nov, 2021

Data

Company Financials
BANCOINDIA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

BANCOINDIA Stock Overview

Banco Products (India) Limited, together with its subsidiaries, designs, develops, manufactures, and sells automobile components for OEM markets in India and internationally.

Banco Products (India) Competitors

Valeo

ENXTPA:FR

€6.2b

Man Zai IndustrialLTD

TPEX:4543

NT$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Banco Products (India)
Historical stock prices
Current Share Price₹174.45
52 Week High₹225.10
52 Week Low₹120.00
Beta1.11
1 Month Change-6.26%
3 Month Change-17.93%
1 Year Change35.55%
3 Year Change4.27%
5 Year Change-8.23%
Change since IPO-41.15%

Recent News & Updates

Nov 16
Banco Products (India)'s (NSE:BANCOINDIA) Promising Earnings May Rest On Soft Foundations

Banco Products (India)'s (NSE:BANCOINDIA) Promising Earnings May Rest On Soft Foundations

Despite posting some strong earnings, the market for Banco Products (India) Limited's ( NSE:BANCOINDIA ) stock hasn't...

Aug 27
Here's Why I Think Banco Products (India) (NSE:BANCOINDIA) Might Deserve Your Attention Today

Here's Why I Think Banco Products (India) (NSE:BANCOINDIA) Might Deserve Your Attention Today

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

BANCOINDIAIN Auto ComponentsIN Market
7D-5.7%-5.1%-3.3%
1Y35.5%40.6%43.0%

Return vs Industry: BANCOINDIA underperformed the Indian Auto Components industry which returned 49.5% over the past year.

Return vs Market: BANCOINDIA underperformed the Indian Market which returned 47.7% over the past year.

Price Volatility

Is BANCOINDIA's price volatile compared to industry and market?
BANCOINDIA volatility
BANCOINDIA Average Weekly Movement4.4%
Auto Components Industry Average Movement5.2%
Market Average Movement6.0%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market3.8%

Stable Share Price: BANCOINDIA is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BANCOINDIA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1961608n/ahttps://www.bancoindia.com

Banco Products (India) Limited, together with its subsidiaries, designs, develops, manufactures, and sells automobile components for OEM markets in India and internationally. The company offers engine cooling modules, such as radiators, charged air coolers, fuel coolers, oil coolers, condensers, sealing gaskets, and static sealing elastomers. Its products are used in passenger cars; light, medium, and heavy commercial vehicle; agricultural tractors; high performance bikes; agriculture harvesters; construction machineries; power generation equipment; traction rail locomotives; and other related equipment applications.

Banco Products (India) Fundamentals Summary

How do Banco Products (India)'s earnings and revenue compare to its market cap?
BANCOINDIA fundamental statistics
Market Cap₹12.47b
Earnings (TTM)₹1.50b
Revenue (TTM)₹18.70b

8.3x

P/E Ratio

0.7x

P/S Ratio

Is BANCOINDIA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BANCOINDIA income statement (TTM)
Revenue₹18.70b
Cost of Revenue₹11.21b
Gross Profit₹7.49b
Expenses₹5.98b
Earnings₹1.50b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)21.02
Gross Margin40.04%
Net Profit Margin8.04%
Debt/Equity Ratio0.6%

How did BANCOINDIA perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

10%

Payout Ratio

Valuation

Is Banco Products (India) undervalued compared to its fair value and its price relative to the market?

8.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BANCOINDIA (₹174.45) is trading above our estimate of fair value (₹10.03)

Significantly Below Fair Value: BANCOINDIA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BANCOINDIA is good value based on its PE Ratio (8.3x) compared to the Indian Auto Components industry average (19.8x).

PE vs Market: BANCOINDIA is good value based on its PE Ratio (8.3x) compared to the Indian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BANCOINDIA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BANCOINDIA is good value based on its PB Ratio (1.4x) compared to the IN Auto Components industry average (2x).


Future Growth

How is Banco Products (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.1%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Banco Products (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

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

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BANCOINDIA has a high level of non-cash earnings.

Growing Profit Margin: BANCOINDIA's current net profit margins (8%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: BANCOINDIA's earnings have grown by 2.5% per year over the past 5 years.

Accelerating Growth: BANCOINDIA's earnings growth over the past year (68.4%) exceeds its 5-year average (2.5% per year).

Earnings vs Industry: BANCOINDIA earnings growth over the past year (68.4%) underperformed the Auto Components industry 124.1%.


Return on Equity

High ROE: BANCOINDIA's Return on Equity (16.4%) is considered low.


Financial Health

How is Banco Products (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: BANCOINDIA's short term assets (₹9.9B) exceed its short term liabilities (₹2.3B).

Long Term Liabilities: BANCOINDIA's short term assets (₹9.9B) exceed its long term liabilities (₹1.0B).


Debt to Equity History and Analysis

Debt Level: BANCOINDIA has more cash than its total debt.

Reducing Debt: BANCOINDIA's debt to equity ratio has reduced from 5.4% to 0.6% over the past 5 years.

Debt Coverage: BANCOINDIA's debt is well covered by operating cash flow (385%).

Interest Coverage: BANCOINDIA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

1.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BANCOINDIA's dividend (1.15%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: BANCOINDIA's dividend (1.15%) is low compared to the top 25% of dividend payers in the Indian market (1.44%).


Stability and Growth of Payments

Stable Dividend: BANCOINDIA's dividend payments have been volatile in the past 10 years.

Growing Dividend: BANCOINDIA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.5%), BANCOINDIA's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Banco Products (India) has no CEO, or we have no data on them.


Leadership Team

Experienced Management: BANCOINDIA's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: BANCOINDIA's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banco Products (India) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Banco Products (India) Limited
  • Ticker: BANCOINDIA
  • Exchange: NSEI
  • Founded: 1961
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹12.466b
  • Shares outstanding: 71.52m
  • Website: https://www.bancoindia.com

Number of Employees


Location

  • Banco Products (India) Limited
  • Bil, Near Bhaili Railway Station
  • Padra Road
  • Vadodara
  • Gujarat
  • 391410
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 15:59
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.