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    Banco Products (I) Limited

    Makes engine cooling & sealing systems (radiators, gaskets) for auto OEMs/aftermarket; owns Europe's NRF.

    Automobile and Auto Components
    Consumer Discretionary
    ₹663.05
    +6.25% from avg

    Overview

    Price

    ₹663.05

    Market Cap

    ₹9.0k Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1414141414292929
    Reserves6968149679871.0k1.3k1.6k1.7k
    Borrowings9214115418423573729614
    Other Liabilities287344405435508868714760
    Total Liabilities1.1k1.2k1.5k1.9k2.0k2.7k3.1k3.1k
    AssetsFixed Assets193190297359454516484472
    CWIP3115181051611
    Investments91100387679
    Other Assets8839951.2k1.5k1.5k2.2k2.5k2.5k
    Total Assets1.1k1.2k1.5k1.9k2.0k2.7k3.1k3.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating625215757-41458164380
    Cash from Investing-52149-59-104-23-114-73-175
    Cash from Financing-49-153-78-1159-339-89-189
    SummaryCapital Expenditure
    Free Cash Flow2126125-15-13536386267
    FCF Margin

    Valuation

    Assumptions

    Current — BANCOINDIA
    Price
    ₹663
    EPS (TTM)
    ₹30.33
    PE (TTM)
    21.9
    Profit growth
    22.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (22.4×) and current (21.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹663
    vs
    Fair value · 15% return
    ₹838
    26%Undervalued

    At 22.5% growth and a 22× exit, ₹663 only delivers your return if you pay ₹838. The price is currently baking in 17% growth.

    EPS grows 22.5%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY2722.5%37.15
    FY2822.5%45.51
    FY2922.5%55.75
    FY3022.5%68.30
    FY3122.5%83.67
    FY3214.3% ·fade95.59
    FY336.0% ·fade101.32

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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