AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 30 Sep - DGM-Purchase Mahendra Nath Mahato resigned effective 30 September 2026.
Source: Bse
Banco Products (I) Limited (BANCOINDIA)
Micro CapAuto stocks · Micro cap · NSE
Banco Products (I) Limited operates in Gaskets, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹601.25
-3.30 · -0.55%
Market cap ₹8,653 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals17 Oct 2026 · screener
Latest result16 Aug, 12:30 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
42NeutralSMA20 -3.1% / mo · MACD +
Stock trend: 38
Sector RS: 49
Sector 3M: -6.3% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BANCOINDIAD candles · FIT view-0.9%Latest close ₹601.25 on 2026-10-19
Bar
-1.4%
RSI
49
MACD hist
2.04
52W pos
27%
2026-10-19O ₹609.90H ₹609.90L ₹597.05C ₹601.25Vol 51,192 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BANCOINDIANifty AutoNifty 500
- BANCOINDIA
- -9.1%
- Nifty 500
- -5.6%
- Nifty Auto
- -5.4%
- Vs Nifty 500
- -3.6 pp
Chart stats
19 Oct 2026- From 52W high
- -30.5%
- 52W range position
- 27%
- ATR (14)
- 2.4%
- Volume vs 20D
- 0.82x
- Avg traded value
- ₹3.6 Cr
- 20D price channel
- ₹579.7 - ₹618.2
₹865
₹502 - ₹865
₹14.4
Latest completed session
20-session average
19.8% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.
Strong U-Score but weak trend: timing is not confirming the thesis.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · DEEP VALUE81
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average52
Revenue +22.1% · PAT +10.9% YoY
Technical
Neutral42
Price trend and sector-relative-strength timing.
Valuation
Legacy model+54.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence81
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 52/100margin compression · Rev +22% YoY · PAT +11% YoY · +8% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,184 Cr | +22.1% | +7.7% |
| EBITDA | ₹213 Cr | +17.0% | -5.3% |
| Operating margin | 18.0% | -100 bps | -200 bps |
| PAT | ₹122 Cr | +10.9% | -17.0% |
| PAT margin | 10.3% | -104 bps | -308 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.00
- P/B
- 5.13
- EV/EBITDA
- 10.81
- Market Cap
- 8653.00Cr
Profitability
- ROE
- 30.20%
- ROCE
- 30.90%
- ROA
- 16.19%
- Dividend Y
- 3.80%
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 32.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 24.00%
Balance Sheet
- Debt/Equity
- 0.36
- Interest Coverage
- 33.90×
- Altman Z
- 6.85
- Book Value
- 118.00
Cash Flow
- FCF Yield
- 2.37%
- FCF Positive Y
- 10/5
- OCF
- 380.00 Cr
- EPS TTM
- 34.58
Shareholding
- Promoter Hold
- 67.88%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 28%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 4,110+5.5% vs prev
Net Profit
₹ CrLatest: 482+23.0% vs prev
Return on Equity
%Latest: 28.6-4.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 49. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~3.2% over last month) — short-term momentum negative.
- RSI(14) at 49 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 30% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
45
RS percentile
Stage 1 Base / Transition
1M return
-0.5%
3M return
-9.1%
6M return
-3.7%
1Y return
-16.7%
RS 1D
0
RS 20D
+17
Sector rank
#3
Industry rank
#30
Stage evidence
- Price is within 3.2% of the 30-week proxy.
- The 30-week proxy changed +0.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 74.7+0.48%
RS vs Nifty 50075
Valuation & peers
U-Score 81 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 81 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation15/30
Growth21/25
Quality20/20
Balance Sheet12/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
81
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
81/100 · legacy band DEEP VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 54.9%.
- Quality contributes 20/20 to the score.
Main drags
- Valuation is weaker at 15/30; verify the latest quarterly trend.
- Balance sheet is weaker at 12/15; verify the latest quarterly trend.
- Cash flow is weaker at 8/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
18.0
PB
5.1
EV/EBITDA
10.8
ROE
30.2%
ROCE
30.9%
FCF Yield
2.4%
Debt/Equity
0.4
MoS
+54.9%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
81
Previous: 81
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+54.9%
Previous: +54.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
81
81
81
81
81
81
81
81
81
81
81
81
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹303
-98.4% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹1,333.06
+54.9% MoS
PEG
0.63
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PRICOLLTD
Micro
Pricol Limited
Auto Components
match 137
55
30.5
21.8%
+22%
FAIR VALUE
JAMNAAUTO
Micro
Jamna Auto Industries Limited
Auto Components
match 135
62
24.1
22.3%
+38%
UNDERVALUED
FIEMIND
Micro
Fiem Industries Limited
Auto Components
match 135
71
19.2
22.6%
+53%
UNDERVALUED
SKFINDIA
Micro
SKF India Limited
Auto Components
match 134
33
30.9
14.8%
-581%
WATCHLIST
ASKAUTOLTD
Micro
ASK Automotive Limited
Auto Components
match 134
54
37.5
25.1%
+8%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Banco Products (I) Limited operates in Gaskets, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
81Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 85th percentile within Auto. Main check: results consistency is weak at 57/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
93rd percentile
overall median 67 · Auto: 85th pctile, median 74 · Micro: 86th pctile, median 73
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
57
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 67.9%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.3%.
- ▸10 years of positive FCF.
Trust risks
- ▸OPM spread across recent quarters is 15%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Banco Products (I) Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 28 Sep - Banco Products reports resignations of two OEM marketing senior managers, effective 5 and 9 September 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 14 Sep - Mr. Kshitikesh Parmeshwar appointed Chief Technology Officer effective 14 September 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 24 Aug - Mr. Santosh Sawant appointed DGM - OEM Marketing effective 24 August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jul - Newspaper Publication of Notice for transfer of Equity Shares to IEPF
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Aug - Newspaper Publication of Standalone and Consolidated Unaudited Financial Results for the Quarter ended on 30th June, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 Jun - Banco Products designates Parasram Parihar, Jigar Pathak and Rakesh Motekar as SMPs from 29 June 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May - Newspaper Publication of Results for the quarter and year ended FY 2025-26
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 28 May - Board approved FY26 audited results, 400% dividend, company secretary appointment; disclosed subsidiary fire claim Euro 6.56 Mn.
Source: Bse
Announcement
Corporate Action-Board approves Dividend 28 May - FY26 audited results approved; 400% final dividend recommended; subsidiary warehouse fire led to €6.56 million claim.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.