The Company has reported total income of INR 177.48 Cr on a standalone basis for the quarter ended 31 December 2018 as against INR 144.67 Cr for the corresponding period last year, a jump of 22.68% YoY basis. However, the quarter-on-quarter revenue declined by 1.61% (INR 180.34 Cr for July to September ’18)

Banco Products consolidated revenue grew by 9.49% year-on-year basis (INR 332.74 vs INR 303.91 Cr) while the QoQ revenues dip by 19.24% (INR 412.01 Cr for Q2 FY 2018-19)

The Company’s profit after tax for the Q3 FY 18-19 stood at INR 20.49 Cr versus INR 22.41 Cr same period last year, registering a dip of 8.57 percent YoY basis, while the QoQ PAT declined by as many as 58.73% (INR 49.62 Cr for the second quarter)

The Company’s profitability got a hit because of the higher cost of materials, jumped by 28% YoY and other expenses which rose by 11.50% year-on-year.

The Board of the company has declared Interim Dividend @ INR 5.00 per Equity Shares of Face Value (FV) of INR 2/- each i.e. 250 % for the Financial Year ending on 31.03.2019.

Banco Products (India) Ltd is a supplier of high-quality engine cooling components and engine sealing gaskets to the automotive industry for over 4 decades.

History:

Born of an entrepreneurial spirit in the year 1961, Banco Products Ltd has today carved a niche for itself as a leader in the business of engine cooling and sealing systems both for Automotive and Industrial applications.

Product Portfolio:

The product range for engine cooling systems include –

Radiators, Charge air coolers, Oil coolers – Battery coolers, Fuel coolers, Transmission & hydraulic, Inverter coolers, in Aluminium and cooper (or) brass configurations and accessories expansion tanks, Fan motor assembly, Fan shroud and guard and miscellaneous mounting and plumbing accessories.

The product range for engine sealing systems include –

Engine cylinder head and peripheral gaskets, Heat shields and Industrial gasket (with a wide material range and sizes for demanding applications of sealing)

Client List:

The Company is an original equipment supplier to Indian automobile majors including Telco, Ashok Leyland, Mahindra & Mahindra, Premier Auto, and Maruti Udyog. It exports its products to Australia, Germany, Singapore and the UK.

Stock Price Movement

The stock ended 1% lower to INR 168.65 on NSE when the market closed on Tuesday! During Q3 FY 2018-19, the share prices of Banco Products Ltd has made a low of INR 160 and high of INR 199

Banco Products on Technical Charts

The stock prices of Banco Products (India) Ltd is trading 12.89% lower when compared to its 200 EMA (194) and trading 3.98% lower when compared to its 50 EMA (176)

Average Return

The stock has given -22.48% returns over the past 6 months and -29% returns over the last 12 months.

Banco Products current market cap is more than INR 1200 Cr and trading at a PE ratio of 10

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Banco Products (India) Ltd: Q3 FY 2018-19 Results appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

History 

Born of an entrepreneurial spirit on 16^th March 1961, Banco Products (I) Limited has today carved a niche for itself as a leader in the business of engine cooling and sealing systems both for Automotive and Industrial applications.

Business 

• Banco Products (I) Limited is a supplier of high-quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades.
• The product range for engine cooling systems include Radiators, Charge air coolers, Oil coolers – Battery coolers, Fuel coolers, Transmission & hydraulic, Inverter coolers, in Aluminium and cooper (or) brass configurations and accessories expansion tanks, Fan motor assembly, Fan shroud and guard and miscellaneous mounting and plumbing accessories.
• The product range for engine sealing systems include Engine cylinder head and peripheral gaskets, Heat shields and Industrial gasket with a wide material range and sizes for demanding applications of sealing. Material include – Multi layered steel, Graphite composite gaskets, Steel fibre composite gaskets, Compressed fibre joint sheet gaskets, Rubber cork gaskets, Rubber pre-coated beaded gaskets, Edge molded and copper gaskets.

Plants and Subsidiaries 

• Banco Products (India) Limited – Bhaili – Spread over an area of 50,000 square meters, the integrated plant at Bhaili produces over 1.5 million cooling system components.
• Banco Products (India) Limited (SEZ Unit) – Baroda – The plant sent up at Special Economic Zone – Waghodia manufactures a wide range of cooling system products for global market.

Clients 

The company is an original equipment supplier to Indian automobile majors including Telco, Ashok Leyland, Mahindra & Mahindra, Premier Auto, and Maruti Udyog. It exports its products to Australia, Germany, Singapore and the UK.

Company’s Milestone 

1961 – Started as a Private Company

1969 – Engine cooling module for 3000hp traction locomotive

1987 – Listed on the Indian Stock Exchange

1996 – ISO 9002 certificate

2002 – ISO/TS 16949 certification

2003 – Started Aluminium Radiator Production

2007 – Recognized STAR Export House

2010 – Acquired 100% share of NRF B.V. (Netherland)

2012 – Started SEZ plant with capacity to produce 1 million units Per Annum for exports

2013 – New Aluminium radiator plant for Domestic, OEM and After-Market

2014 – Development & Production of all Aluminium Based Products

2015 – Initializing of NRF USA

2016 – Development & Production of EGR (Exhaust Gas Recovery) cololers

Listed On 

The company’s shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.

Stock Information

Share Holding Pattern

Banco Products Ltd – Financials

Conclusion –
Considering the techno-funda analysis and sector outlook; Banco Products (I) Limited looks good at Rs 257. FinBlab recommends investing in a stock keeping a long-term view in mind. (One can accumulate on decline also).

Finblab ValuePick Performance Till Now

Link to Value Pick section

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post VALUE PICK JANUARY ’18: BANCO PRODUCTS (I) LIMITED appeared first on Upcoming ipos: Latest news on stocks, economy & finance.