Banco Products (India) Ltd

Banco Products (India) Ltd (BANCOINDIA)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-13.97 %
3 Month Return-20.98 %
1 Year Return-16.33 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 5
Rank 20
Rank 31
Dividend Yield
Rank 14
Rank 18
Price To Book Ratio
Rank 10
Debt To Asset
Rank 56

Company Information

Banco Products India Ltd is a supplier of high quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades. The company offers a complete line of radiators intercoolers oilcoolers and all types of engine gaskets. BANCO supplies radiators intercoolers and engine gaskets that are designed to meet or even exceed original equipment OE engineering specifications. Banco Products India Ltd was incorporated in March 16 1961. The company produces gaskets and radiators that have applications in automobiles oil engines compressors and locomotives. The company has four modern manufacturing plants based at Baroda Vadodara Mumbai with stateoftheart facilities for Production Design Development and Quality Assurance. The company offers over 12000 varieties of gaskets in multilayered steel graphite fiber steel and copper designs for automotive agricultural vehicles and diesel commercial vehicles radiators for cars and pickups industrial radiators airtoair intercoolers customdesigned intercoolers intercoolers cores for various commercial vehicles and offroad industrial applications and compressed jointing sheets using non asbestos raw materials which are environmentally friendly. The company is an original equipment supplier to Indian automobile majors including Telco Ashok Leyland Mahindra Mahindra Premier Auto Hindustan Motors and Maruti Udyog. It exports its products to Australia Germany Singapore and the UK. During the year 19911992 the company increased installed capacity of Radiators from 80000 Nos to 130000 Nos. During the year 20002001 the company developed of Non Asbestos Jointing sheets as helped auto industry to contribute towards pollution free environment. The company got the rare distinction as suppliers to foreign OEMs in the field of radiators and in the same year the company developed considerable manufacture of multiplayer steel gaskets and rubbercoasted steel. During the year 20012002 the company successfully developed Aluminium Radiator and commenced commercial production. During the year the company increased the installed capacity of Radiators from 275000 Nos to 375000 Nos. During the year 20022003 the company installed number of high precision production equipment for higher and better production. During the year 20032004 the companys aluminium radiator division produced various aluminium heat exchange products such as oil coolers charged air coolers etc. The company announced that it quality system successfully certified as confirming to TS 16949 by UL USA. During the year 20042005 the company added more names in the list of foreign customer. During the year 20052006 the company successfully commissioned the 100 Export Oriented Units EOU and in the same year the company successfully obtained renewal of TS16949 certification. During the year 20062007 the company increased installed capacity of Radiators from 375000 Nos to 762000 Nos. During the year 20072008 the company successfully commissioned Assembly Plant for Radiator at Jamshedpur and in the same year it successfully implemented Clean Development Mechanism Project which mitigates Greenhouse Gas Emission and may earn Carbon Credits for future. In 2010 the company has acquired of 100 Equity shareholding of NEDERLANDSE RADIATEURN FABRIEK B.V. Netherlands. The company also commenced manufacturing unit at Rudrapur recently mainly to meet the requirements in and around Rudrapur.In 2011 the company which is already holding 99.80 Equity Sharers of Kilimanjaro Biochem Limited has acquired 00.20 Equity Shares of Kilimanjaro Biochem Limited now Kilimanjaro Biochem Limited has become Wholly Owned Subsidiary of the company. The company also made investment in 100 Equity shareholding of Lake Minerals Mauritius. Limited during the year under review. In 2012 the company started commercial production of Radiators has started at its manufacturing facilities. In 2013 the company won various awards like Best Supplier Award for overall performance for the year 2013 Excellent ACE Support Award in India ABO Supplier Conference for the year 2013 Annual Commodity Award in Recognition of Superior performance in 2013 recognising the companies various achievements.
OrganisationBanco Products (India) Ltd
IndustryAuto Ancillaries