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Banco Products (India) Ltd
The Emerging Companies 2025
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OVERVIEW
FINANCIALS
About
Banco Products India manufactures high-quality auto components, including engine cooling systems, gaskets, and radiators. It serves the global automotive market with products that meet international standards.
Incorporation Year: 1961
Headquarters: Vadodara, India
Top Management: Mehul K. Patel - Chairman / MD
Industry: Auto Ancillaries
Website: www.bancoindia.com
Featured In Fortune India Ranking
The Emerging Companies
#17(2025)
#17(2025)
Next 500 India
#133(2024)#103(2023)#72(2022)#99(2021)#106(2020)#114(2019)#147(2018)#164(2017)#158(2016)#195(2015)
#133(2024)#103(2023)#72(2022)#99(2021)#106(2020)#114(2019)#147(2018)#164(2017)#158(2016)#195(2015)
Financial Data 2024
Revenue
2,730
(INR Cr)
Net Operating Income
2,768
(INR Cr)
Assets
1,500
(INR Cr)
Profit
271
(INR Cr)
Net Worth
1,051
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2730 6.3% | 2568 22.6% | 2095 31.0% | 1599 9.5% | 1461 -10.4% | 1631 15.8% | 1408 10.0% | 1280 1.2% | 1265 7.3% | 1178 -1.0% | 1190 11.8% | 1065 3.6% | 1028 16.4% | 883 86.9% | 473 60.3% | 295 - |
| Net Operating Income (INR Cr) | 2768 18.72% | 2332 19.10% | 1958 27.75% | 1533 7.77% | 1422 -9.23% | 1567 17.30% | 1336 7.77% | 1239 2.91% | 1204 6.69% | 1129 -2.84% | 1162 13.44% | 1024 0.52% | 1019 16.82% | 872 89.12% | 461 0.00% | 288 -3.66% |
| Profit (INR Cr) | 271 15.2% | 236 54.6% | 152 34.0% | 114 48.5% | 77 10.9% | 69 -40.8% | 117 20.1% | 97 8.1% | 90 2.6% | 88 -2.4% | 90 46.5% | 61 -19.9% | 77 16.6% | 66 -16.5% | 79 89.6% | 41 - |
| Assets (INR Cr) | 1500 4.9% | 1430 27.7% | 1119 31.7% | 850 5.1% | 809 -8.0% | 879 3.8% | 847 11.1% | 763 4.8% | 728 10.4% | 659 -13.7% | 763 10.9% | 689 20.3% | 572 19.0% | 481 18.4% | 406 127.2% | 179 - |
| Net Worth (INR Cr) | 1051 5.0% | 1001 2.0% | 981 18.5% | 828 16.7% | 709 -14.7% | 832 3.1% | 807 12.2% | 720 4.7% | 687 11.0% | 619 5.3% | 588 24.6% | 472 11.5% | 423 20.2% | 352 13.8% | 309 0.0% | 169 24.8% |
| Employee Cost (INR Cr) | 282 22.9% | 229 16.9% | 196 5.7% | 186 -3.2% | 192 4.6% | 183 9.3% | 168 3.6% | 162 3.7% | 156 -3.6% | 162 2.8% | 158 14.4% | 138 10.7% | 124 12.5% | 111 224.7% | 34 135.1% | 14 - |
| Interest Cost (INR Cr) | 21 | 13 | 5 | 4 | 3 | 4 | 2 | 2 | 3 | 8 | 19 | 16 | 9 | 9 | 2 | 3 |
| Cash & Bank Balance (INR Cr) | 63 | 18 | 82 | 123 | 70 | 127 | 200 | 85 | 108 | 63 | 27 | 20 | 36 | 29 | 40 | 11 |
| Total Debt (INR Cr) | 423 | 418 | 115 | 14 | 92 | 40 | 34 | 38 | 36 | 36 | 172 | 214 | 147 | 127 | 96 | 9 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.9% | 9.2% | 7.3% | 7.1% | 5.2% | 4.2% | 8.3% | 7.6% | 7.1% | 7.4% | 7.6% | 5.8% | 7.5% | 7.4% | 16.6% | 14.1% |
| Profit As % Of Assets | 18.1% | 16.5% | 13.6% | 13.4% | 9.5% | 7.9% | 13.8% | 12.8% | 12.4% | 13.3% | 11.8% | 8.9% | 13.4% | 13.7% | 19.4% | 23.2% |
| Profit As % Of Networth | 25.8% | 23.5% | 15.5% | 13.7% | 10.8% | 8.3% | 14.5% | 13.5% | 13.1% | 14.2% | 15.3% | 13.0% | 18.1% | 18.7% | 25.4% | 24.5% |
| Interest Cost to EBITDA % | 5.1% | 3.5% | 1.9% | 2.0% | 2.5% | 2.6% | 1.0% | 1.4% | 2.2% | 8.2% | 11.7% | 13.8% | 7.0% | 8.2% | 2.3% | 5.0% |
| Debt to Equity Ratio | 0.40 | 0.42 | 0.12 | 0.02 | 0.13 | 0.05 | 0.04 | 0.05 | 0.05 | 0.06 | 0.29 | 0.45 | 0.35 | 0.36 | 0.31 | 0.06 |
| RONW | 26.5% | 23.8% | 16.9% | 14.8% | 9.9% | 8.4% | 15.3% | 12.2% | 13.8% | 9.9% | 17.0% | 13.7% | 19.7% | 19.8% | 25.4% | 27.2% |
| ROCE | 26.2% | 25.4% | 23.3% | 18.5% | 13.6% | 16.5% | 21.0% | 16.8% | 17.7% | 11.9% | 19.4% | 15.7% | 21.0% | 21.3% | 25.0% | 30.1% |

