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Banco Products (India) Ltd

NSE: BANCOINDIA BSE: 500039

622.95

(-1.31%)

Mon, 02 Mar 2026, 09:58 am

Banco Products (India) Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Banco Products (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Banco Products (India)'s dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

  • Dividends paid are not well covered by earnings (0.5x coverage).
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

health

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Pros

  • 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) is profitable, therefore cash runway is not a concern.
  • Banco Products (India) is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (99.7%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 9.4x debt.
  • Banco Products (India)'s cash and other short term assets cover its long term commitments.
  • Interest payments on debt are well covered by earnings (EBIT is 28.8x coverage).
  • Banco Products (India)'s level of debt (12.8%) compared to net worth is satisfactory (less than 40%).
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Cons

  • The level of debt compared to net worth has increased over the past 5 years (5.7% vs 12.8% today).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Banco Products (India) board of directors is about average.
  • Rajendra's remuneration is lower than average for companies of similar size in India.
  • The tenure for the Banco Products (India) management team is about average.
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Cons

    misc

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    Pros

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      Cons

      • Banco Products (India) is not covered by any analysts.
      • Banco Products (India) has significant price volatility in the past 3 months.

      past

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      Pros

      • Banco Products (India) used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
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      Cons

      • Banco Products (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
      • Banco Products (India)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
      • Banco Products (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
      • Banco Products (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
      • Banco Products (India)'s 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.

      value

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      Pros

      • Banco Products (India) is good value based on assets compared to the IN Auto Components industry average.
      • 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.
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      Cons

      • Banco Products (India)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).
      • Banco Products (India)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
      • BANCOINDIA underperformed the Auto Components industry which returned -22.4% over the past year.
      • BANCOINDIA underperformed the Market in India which returned -14.5% over the past year.
      • NSEI:BANCOINDIA is up 6.3% underperforming the Auto Components industry which returned 13.2% over the past month.
      • NSEI:BANCOINDIA is up 6.3% underperforming the market in India which returned 8% over the past month.

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