āagman

Not investment advice. Data and computed figures, for information only.

Banco Products (India) Ltd

NSE: BANCOINDIA
₹602.15
+₹1.30 (+0.22%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹8,451 Cr
CMP
₹602.15
52-wk High / Low
₹865 / 502
P/E
17.5
P/B
5.0
Book Value
₹118.0
Div Yield
3.89%
ROCE
31.0%
ROE
30.2%
Face Value
₹2
D/E
0.36

Price−25.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹299
√(22.5 × EPS × book value per share)
ROIC
17.9%
vs 11.5% sector median
Cash flow to profit
0.79
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−77
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
9.6%
ROE × earnings retention ratio
ROE stability
5.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.09DII +0.06
Latest quarter vs the previous one
Cash-accrual divergence
3.5%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 27% vs the 2024 sector median of 19%)
+FII holding rose by 2.1pp over the last year
+PE of 17.5x is below the sector median of 35.7x
Watch-outs
−Borrowings are up 1605.6% since FY2016 (36 to 614)
−Price trades below its 200-day moving average (1.0x)
−Price is 30.4% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7497255717248048956398759701,0387891,0991,184
Expenses653602482610671689581660788889664874971
Operating Profit971228911413320658214182149125225213
OPM %13.0%16.8%15.6%15.7%16.5%23.0%9.1%24.5%18.8%14.4%15.8%20.5%18.0%
Other Income163126217519145927206
Interest5647765878805
Depreciation15161728191920362425266035
Profit before tax93104818610919739190164175119186179
Net Profit69666868691393115411013986147122
EPS (₹)4.814.624.784.774.809.702.1610.737.669.716.0010.318.56

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1291,1481,2391,3361,5671,4221,5331,9582,3322,7683,2133,8964,110
Expenses1,0271,0021,0961,1571,4051,3001,3541,6861,9662,3402,6013,2133,398
Operating Profit102146144179161122178272366428611684712
OPM %9.0%12.7%11.6%13.4%10.3%8.6%11.6%13.9%15.7%15.5%19.0%17.6%17.3%
Other Income53113218102595143243120112
Interest832243451321262521
Depreciation3435332829333448567694135145
Profit before tax113119141167138111150224311363534644659
Net Profit8890971176977114152236271392482495
EPS (₹)6.136.296.808.174.835.367.9510.6616.4718.9827.3933.6834.58

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital141414141414141414142929—
Reserves6056747057938186968149679871,0371,2741,656—
Borrowings36363834409214115418423573614—
Other Liabilities164232211356322287344405435508868760—
Total Liabilities8199569691,1971,1951,0891,1871,5021,8551,9822,7443,058—
Fixed Assets227221192191184193190297359454516472—
CWIP1134131331151810511—
Investments11912469911003879—
Other Assets5817316829699298839951,1901,4771,5182,1852,496—
Total Assets8199569691,1971,1951,0891,1871,5021,8551,9822,7443,058—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity85689099625215757−41458164380
Cash from Investing Activity88−17−59−22−52149−59−104−23−114−38−175
Cash from Financing Activity−136−6−61−68−49−153−78−1159−339−123−189
Net Cash Flow3646−309−394920−58−65316

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.018.017.021.017.013.019.024.026.027.032.031.0
ROE %———————————30.2
EPS (₹)6.136.296.808.174.835.367.9510.6616.4718.9827.3933.68
Book Value (₹)———————————118.0
Face Value (₹)———————————2
P/E———————————17.5
Div Yield %———————————3.89
NPM %7.47.87.68.64.45.37.47.710.19.712.012.0
OPM %9.013.012.013.010.09.012.014.016.015.019.018.0
D/E0.060.050.050.040.050.130.020.120.420.400.440.36
P/B———————————5.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+13.0%
5 years+21.0%
3 years+19.0%
TTM+22.0%
Compounded profit growth
10 years+18.0%
5 years+32.0%
3 years+24.0%
TTM+11.0%
Stock price CAGR
10 years+18.0%
5 years+43.0%
3 years+35.0%
Last year−27.0%
Return on equity
10 years21.0%
5 years27.0%
3 years30.0%
Last year30.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%
FIIs0.40%0.40%0.40%0.75%0.83%0.72%0.26%0.31%1.88%3.00%3.88%4.06%3.97%
DIIs4.32%4.32%4.32%4.33%3.92%2.77%0.02%0.02%0.03%0.13%0.17%0.22%0.28%
Government—————————————
Public27.39%27.39%27.39%27.03%27.36%28.63%31.83%31.79%30.20%28.97%28.07%27.83%27.85%
No. of shareholders22,06322,06322,06322,96624,85926,83731,34636,27940,57151,17267,94576,78175,510
Change since Jun 2023 (pp)
Promoters +0.00FIIs +3.57DIIs −4.04Public +0.46

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Change in ManagementAnnouncement under Regulation 30 (LODR)-Change in ManagementClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s Report
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 8 Per Share—
18 Mar 2026DIVIDENDInterim Dividend - Rs 8 Per Share—
19 Nov 2025DIVIDENDInterim Dividend - Rs 7 Per Share—
14 Feb 2025DIVIDENDInterim Dividend - Rs 11 Per Share—
30 Dec 2024BONUSBonus 1:1—
16 Feb 2024DIVIDENDInterim Dividend - Rs 20 Per Share—
7 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 14 Per Share—
24 Feb 2023DIVIDENDInterim Dividend - Rs 8 Per Share—
6 Sep 2022DIVIDENDDividend - Rs 20 Per Share—
3 Sep 2021DIVIDEND Dividend - Rs 2 Per Share—
18 Mar 2020DIVIDEND Interim Dividend - Rs 20 Per Share—
7 Aug 2019DIVIDEND Dividend - Rs 3 Per Share—
26 Feb 2019DIVIDEND Interim Dividend - Rs 5 Per Share—
6 Sep 2018DIVIDEND Dividend- Rs 5.80 Per Share—
27 Mar 2018DIVIDEND Interim Dividend - Rs 4.20 Per Share—
7 Sep 2017DIVIDEND Dividend - Rs 4/- Per Share—
20 Jan 2017DIVIDEND Interim Dividend Rs 5/- Per Share—
1 Sep 2016DIVIDEND Dividend - Rs 4 Per Share—
11 Feb 2016DIVIDEND Interim Dividend Re 0.60 Per Share (Purpose Revised)—
27 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 2.50/- Per Share—
26 Feb 2015DIVIDENDInterim Dividend - Re 0.50/- Per Share—
11 Sep 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 0.30/- Per Share—
20 Feb 2014DIVIDENDInterim Dividend Re 1.70/- Per Share—
10 Sep 2013DIVIDENDAnnual General Meeting And Dividend Rs.1.80 Per Share—
24 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.2.50 Per Share—
25 Aug 2011DIVIDENDDividend-Rs.3/- Per Share—
16 Sep 2010DIVIDENDAnnual General Meeting And Dividend Rs.2/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman