NSEI:BANCOINDIA

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Banco Products (India)

Executive Summary

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


Snowflake Analysis

Undervalued with excellent balance sheet.


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 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BANCOINDIA's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

8.5%

BANCOINDIA

4.0%

IN Auto Components

1.8%

IN Market


1 Year Return

35.5%

BANCOINDIA

9.4%

IN Auto Components

7.9%

IN Market

Return vs Industry: BANCOINDIA exceeded the Indian Auto Components industry which returned 9.4% over the past year.

Return vs Market: BANCOINDIA exceeded the Indian Market which returned 7.9% over the past year.


Shareholder returns

BANCOINDIAIndustryMarket
7 Day8.5%4.0%1.8%
30 Day43.0%18.8%10.9%
90 Day42.6%11.8%9.8%
1 Year68.7%35.5%10.7%9.4%10.0%7.9%
3 Year-27.4%-47.8%-19.9%-22.3%8.1%2.8%
5 Year41.3%-4.8%30.1%24.5%55.3%43.6%

Long-Term 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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BANCOINDIA (₹128.7) is trading below our estimate of fair value (₹308.28)

Significantly Below Fair Value: BANCOINDIA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BANCOINDIA is good value based on its PE Ratio (10.3x) compared to the IN Auto Components industry average (33.2x).

PE vs Market: BANCOINDIA is good value based on its PE Ratio (10.3x) compared to the Indian market (17.3x).


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 (1.2x) compared to the IN Auto Components industry average (1.5x).


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?

49.7%

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

Past Performance

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

-1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BANCOINDIA has high quality earnings.

Growing Profit Margin: BANCOINDIA's current net profit margins (6.6%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: BANCOINDIA's earnings have declined by 1.9% per year over the past 5 years.

Accelerating Growth: BANCOINDIA's earnings growth over the past year (40.9%) exceeds its 5-year average (-1.9% per year).

Earnings vs Industry: BANCOINDIA earnings growth over the past year (40.9%) exceeded the Auto Components industry -46%.


Return on Equity

High ROE: BANCOINDIA's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: BANCOINDIA's short term assets (₹9.1B) exceed its short term liabilities (₹2.8B).

Long Term Liabilities: BANCOINDIA's short term assets (₹9.1B) exceed its long term liabilities (₹865.1M).


Debt to Equity History and Analysis

Debt Level: BANCOINDIA's debt to equity ratio (12%) is considered satisfactory.

Reducing Debt: BANCOINDIA's debt to equity ratio has increased from 4% to 12% over the past 5 years.

Debt Coverage: BANCOINDIA's debt is well covered by operating cash flow (174.1%).

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


Balance Sheet


Next Steps

Dividend

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

15.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BANCOINDIA's dividend (15.52%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).

High Dividend: BANCOINDIA's dividend (15.52%) is in the top 25% of dividend payers in the Indian market (2.1%)


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: Unable to calculate sustainability of dividends as BANCOINDIA has not reported any payouts.


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?

3.6yrs

Average management tenure


CEO

Rajendra Anandpara (63 yo)

3.58yrs

Tenure

₹13,679,000

Compensation

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 ($USD184.77K) is above average for companies of similar size in the Indian market ($USD49.89K).

Compensation vs Earnings: Rajendra's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rajendra Anandpara
MD & Director3.58yrs₹13.68mno data
Himali Patel
CFO & Whole-Time Director5.67yrs₹1.95mno data
Dinesh Kavthekar
Compliance officer & Company Secretary2.92yrs₹833.00kno data
Praveen Rao
President of Sales & Marketing3.58yrs₹10.19mno data
P. Allinson
Managing Director of NEDERLANDSE RADIATEUREN FABR1EK B.V.no datano datano data

3.6yrs

Average Tenure

Experienced Management: BANCOINDIA's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajendra Anandpara
MD & Director3.58yrs₹13.68mno data
Himali Patel
CFO & Whole-Time Director5.67yrs₹1.95mno data
Mehul Patel
Non-Executive Chairman6yrsno data54.09%
₹ 5.0b
Ramkisan Devidayal
Non-Executive & Independent Director19.33yrs₹608.00k0.82%
₹ 75.5m
Mukesh Patel
Non-Executive & Independent Director11.67yrs₹608.00kno data
Devesh Pathak
Non-Executive Independent Director5.67yrs₹408.00kno data
Udayan Patel
Non-Executive & Independent Director5.67yrs₹364.00kno data
Ameeta Manohar
Non-Executive & Independent Woman Director0.58yrno datano data

5.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: BANCOINDIA's board of directors are considered experienced (5.7 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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: ₹9.215b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500039BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2004
BANCOINDIANSEI (National Stock Exchange of India)YesEquity SharesININROct 2004

Biography

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 cool...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 12:04
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.