Banco Products (India)
Market Cap
₹6.8b
Last Updated
2019/12/08 12:49 UTC
Data Sources
Company Financials
Executive Summary
Banco Products (India) Limited, together with its subsidiaries, designs, develops, manufactures, and sells automobile components for original equipment manufacturers in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Banco Products (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BANCOINDIA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.9%
BANCOINDIA
-2.2%
IN Auto Components
-1.3%
IN Market
1 Year Return
-43.7%
BANCOINDIA
-16.5%
IN Auto Components
5.2%
IN Market
Return vs Industry: BANCOINDIA underperformed the Indian Auto Components industry which returned -16.5% over the past year.
Return vs Market: BANCOINDIA underperformed the Indian Market which returned 5.2% over the past year.
Shareholder returns
| BANCOINDIA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -2.2% | -1.3% |
| 30 Day | -11.9% | -0.3% | -0.2% |
| 90 Day | -6.3% | 9.8% | 7.6% |
| 1 Year | -39.9%-43.7% | -15.6%-16.5% | 7.2%5.2% |
| 3 Year | -41.5%-49.7% | -1.2%-3.6% | 30.3%23.4% |
| 5 Year | -28.7%-41.8% | 17.8%13.4% | 39.3%26.8% |
Price Volatility Vs. Market
How volatile is Banco Products (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Don’t Buy Banco Products (India) Limited (NSE:BANCOINDIA) Until You Understand Its ROCE3 weeks ago | Simply Wall St
Volatility 101: Should Banco Products (India) (NSE:BANCOINDIA) Shares Have Dropped 40%?1 month ago | Simply Wall St
We Think Banco Products (India) (NSE:BANCOINDIA) Can Stay On Top Of Its DebtValuation
Is Banco Products (India) undervalued compared to its fair value and its price relative to the market?
10.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BANCOINDIA (₹94.1) is trading above our estimate of fair value (₹62.38)
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 (10.5x) compared to the Auto Components industry average (15.9x).
PE vs Market: BANCOINDIA is good value based on its PE Ratio (10.5x) compared to the Indian market (12.9x).
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 (0.8x) compared to the IN Auto Components industry average (1.4x).
Next Steps
Future Growth
How is Banco Products (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.7%
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.
Next Steps
- Examine whether Banco Products (India) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Banco Products (India) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
Past Performance
How has Banco Products (India) performed over the past 5 years?
0.03%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BANCOINDIA has high quality earnings.
Growing Profit Margin: BANCOINDIA's current net profit margins (4.3%) are lower than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: BANCOINDIA's earnings have grown by 0.03% per year over the past 5 years.
Accelerating Growth: BANCOINDIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BANCOINDIA had negative earnings growth (-49.2%) over the past year, making it difficult to compare to the Auto Components industry average (-14.7%).
Return on Equity
High ROE: BANCOINDIA's Return on Equity (7.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Banco Products (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: BANCOINDIA's short term assets (₹10.8B) exceed its short term liabilities (₹4.0B).
Long Term Liabilities: BANCOINDIA's short term assets (₹10.8B) exceed its long term liabilities (₹722.9M).
Debt to Equity History and Analysis
Debt Level: BANCOINDIA's debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: BANCOINDIA's debt to equity ratio has reduced from 9.8% to 8.6% over the past 5 years.
Debt Coverage: BANCOINDIA's debt is well covered by operating cash flow (122.9%).
Interest Coverage: BANCOINDIA earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: BANCOINDIA has a high level of physical assets or inventory.
Debt Coverage by Assets: BANCOINDIA's debt is covered by short term assets (assets are 14.7x debt).
Next Steps
Dividend
What is Banco Products (India)'s current dividend yield, its reliability and sustainability?
8.60%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BANCOINDIA's dividend (8.6%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: BANCOINDIA's dividend (8.6%) is in the top 25% of dividend payers in the Indian market (2.48%)
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.6%), BANCOINDIA's dividend payments are not well 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
What is the CEO of Banco Products (India)'s salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Rajendra Anandpara (62yo)
2.7yrs
Tenure
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 (Alterna ...
CEO Compensation Analysis
Compensation vs Market: Rajendra's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD33.57K).
Compensation vs Earnings: Insufficient data to compare Rajendra's compensation with company performance.
Management Age and Tenure
2.7yrs
Average Tenure
Experienced Management: BANCOINDIA's management team is considered experienced (2.7 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
60.5yo
Average Age
Experienced Board: BANCOINDIA's board of directors are considered experienced (5 years average tenure).
Insider Trading
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.
Management Team
Dinesh Kavthekar
Compliance officer & Company Secretary
- Tenure: 2yrs
- Compensation: ₹910.00k
Rajendra Anandpara (62yo)
MD & Director
- Tenure: 2.7yrs
P. Allinson
Managing Director of NEDERLANDSE RADIATEUREN FABR1EK B.V.
- Tenure: 0yrs
Himali Patel (37yo)
CFO & Whole Time Director
- Tenure: 4.8yrs
Praveen Rao
President of Sales & Marketing
- Tenure: 2.7yrs
- Compensation: ₹10.19m
Board Members
Samir Patel (59yo)
Non-Executive Director
- Tenure: 36.3yrs
Mehul Patel (55yo)
Non Executive Chairman
- Tenure: 5.1yrs
Ram Devidayal (69yo)
Non-Executive & Independent Director
- Tenure: 18.4yrs
- Compensation: ₹540.00k
Mukesh Patel (70yo)
Non-Executive & Independent Director
- Tenure: 10.8yrs
- Compensation: ₹540.00k
Rajendra Anandpara (62yo)
MD & Director
- Tenure: 2.7yrs
Devesh Pathak (62yo)
Non-Executive Independent Director
- Tenure: 4.8yrs
- Compensation: ₹340.00k
Udayan Patel (55yo)
Non-Executive Independent Director
- Tenure: 4.8yrs
- Compensation: ₹290.00k
Himali Patel (37yo)
CFO & Whole Time Director
- Tenure: 4.8yrs
Company Information
Banco Products (India) Limited's company bio, 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: ₹6.755b
- Shares outstanding: 71.52m
- Website: https://www.bancoindia.com
Location
- Banco Products (India) Limited
- Bil, Near Bhaili Railway Station
- Padra Road
- Vadodara
- Gujarat
- 391410
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500039 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Oct 2004 |
| BANCOINDIA | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Oct 2004 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/08 12:49 |
| End of Day Share Price | 2019/12/05 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.