Banco Products (India) Limited

BSE: 500039 NSE: BANCOINDIA
Banco Products (India) Limited - automotive in Dist. Baroda, Gujarat, India. FY 2026 financials and compliance.
CIN L51100GJ1961PLC001039 Incorporated 16 March 1961 ROC Ahmedabad HQ Dist. Baroda, Gujarat, India
Active Listed - NSE: BANCOINDIA · BSE: 500039 Public Limited Company automotive
Data last updated
Revenue · FY 2026
₹3,896.38 Cr
▲ 21.29% YoY
Computed EBITDA · FY 2026
₹779.74 Cr
▲ 19.19% YoY
Net profit · FY 2026
₹481.68 Cr
▲ 22.94% YoY
Authorised capital
₹30.4 Cr
Registered with MCA
Paid-up capital
₹28.61 Cr
Issued & subscribed
Open charges
₹30 Cr
Satisfied ₹335.95 Cr
Company age
65 yrs
Est. 1961
Employees · EPFO
758
Latest available

About Banco Products (India) Limited

Data last updated: 14 July 2026

Banco Products (India) Limited is a public limited company based in Dist. Baroda, Gujarat, India. It specialises in auto parts and components, a part of the broader automotive sector. Incorporated on 16 March 1961, the company has been in operation for over 65 years.

Registered with ROC Ahmedabad under CIN L51100GJ1961PLC001039. Listed on BSE: 500039 and NSE: BANCOINDIA.

Capital: an authorised share capital of ₹30.4 Cr and a paid-up capital of ₹28.61 Cr. Formerly known as Gaskets & Radiators Limited and Gaskets & Oil Seals Private Limited. It is led by directors including Mehul K Patel and Ameeta Vikas Manohar.

Last AGM: 19 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bil Near Bhaili Railway Station Padra Road, Dist. Baroda, Gujarat, India – 391410.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹3,896.38 Cr, a growth of 21.29% compared to the previous year. The net worth stands at ₹1,684.32 Cr (up 29.28% YoY). Total assets are valued at ₹3,058.02 Cr (up 7.44% YoY).

The company has a workforce of approximately 758 employees as per the latest available data. Its group structure includes 2 subsidiaries.

As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹335.95 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bancoindia.com.

Company Details of Banco Products (India) Limited
CIN L51100GJ1961PLC001039
Registration Number 001039
Incorporation Date 16 March 1961
ROC Ahmedabad
Listing Status Listed (BSE: 500039, NSE: BANCOINDIA)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Sharan Mehul Patel Whole-Time Director Mehul K Patel Director Ameeta Vikas Manohar Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    bancoindia.com
  • Social Media
  • Registered Address
    Bil Near Bhaili Railway Station Padra Road, Dist. Baroda, Gujarat, India – 391410
  • Industry
    Automotive, Auto Parts & Components
Company report
Banco Products (India) Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Banco Products (India) Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Banco Products (India) Limited

Banco Products (India) Limited has undergone 3 name changes throughout its history. The company was previously known as Gaskets & Radiators Limited, Gaskets & Oil Seals Private Limited, and Autospares Private Limited. The current legal name is Banco Products (India) Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Banco Products (India) Limited Current
Gaskets & Radiators Limited Previous
Gaskets & Oil Seals Private Limited Previous
Autospares Private Limited Previous

CIN History of Banco Products (India) Limited

Banco Products (India) Limited has one previous CIN (Corporate Identification Number): U51100GJ1961PTC001039. The current CIN is L51100GJ1961PLC001039, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L51100GJ1961PLC001039 Current
U51100GJ1961PTC001039 Previous

Business Activity of Banco Products (India) Limited

Banco Products (India) Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment Locked
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Business activity turnover details for Banco Products (India) Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Banco Products (India) Limited

Banco Products (India) Limited is audited by PSCA & Co. (Formerly known as Parikh Shah Chotalia & Associates) (ICAI peer reviewed, certificate valid till 2027-09-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
PSCA & Co. (Formerly known as Parikh Shah Chotalia & Associates) (ICAI peer reviewed, certificate valid till 2027-09-30) FY 2026 Declaration of unmodified opinion

Board of Directors of Banco Products (India) Limited

Banco Products (India) Limited is currently managed by 7 directors, with 25 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Mehul K Patel
Also directs: Banco Products (India) Limited, Banco Gaskets (India) Limited, Banco Foundation and 1 more
Director 08 Feb 1990 36 Years 5 Months Current
Ameeta Vikas Manohar
Also directs: Banco Products (India) Limited, Vital Corporate Services Pvt Ltd
Director 25 Apr 2020 6 Years 2 Months Current
Sharan Mehul Patel
Also directs: Banco Products (India) Limited, Banco Foundation, K K Patel Foundation and 1 more
Whole-Time Director 22 Apr 2021 5 Years 2 Months Current
Pranav Rohit Patel
Also directs: Banco Products (India) Limited, Indian Flexible Packaging And Folding Carton Manufacturers Association, Vijay Flexible Containers Private Limited
Director 08 Feb 2025 1 Years 5 Months Current
Anand Majmudar
Also directs: Banco Products (India) Limited
Director 08 Feb 2025 1 Years 5 Months Current
Tarak Patel
Also directs: Banco Products (India) Limited, Tarak Chemicals Limited, United Baroda Foundation
Director 05 Feb 2024 2 Years 5 Months Current
Showing 6 of 7 current directors. View all directors

Financials of Banco Products (India) Limited FY 2026 filings available

Banco Products (India) Limited reported revenue of ₹3,896.38 Cr (up 21.29% YoY) for FY 2026.

Revenue · FY 2026
₹3,896.38 Cr ▲ 21.29%
Profit · FY 2026
₹481.68 Cr ▲ 22.94%
Computed EBITDA · FY 2026
₹779.74 Cr ▲ 19.19%
Revenue₹ Cr · Consolidated02,0004,000FY 2020: ₹1,422 Cr1,422FY 2020FY 2021: ₹1,533 Cr · +7.8% YoY1,533+7.8%FY 2021FY 2022: ₹1,958 Cr · +27.8% YoY1,958+27.8%FY 2022FY 2023: ₹2,332 Cr · +19.1% YoY2,332+19.1%FY 2023FY 2024: ₹2,768 Cr · +18.7% YoY2,768+18.7%FY 2024FY 2025: ₹3,213 Cr · +16% YoY3,213+16%FY 2025FY 2026: ₹3,896 Cr · +21.3% YoY3,896+21.3%FY 2026
Net Profit₹ Cr · Consolidated0200400600FY 2020: ₹77 Cr76.6FY 2020FY 2021: ₹114 Cr · +48.5% YoY114+48.5%FY 2021FY 2022: ₹152 Cr · +34% YoY152+34%FY 2022FY 2023: ₹236 Cr · +54.6% YoY236+54.6%FY 2023FY 2024: ₹271 Cr · +15.2% YoY271+15.2%FY 2024FY 2025: ₹392 Cr · +44.4% YoY392+44.4%FY 2025FY 2026: ₹482 Cr · +22.9% YoY482+22.9%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹804 Cr · +7.3% YoY804+7.3%Q1'25Q2'25: ₹895 Cr · +23.5% YoY895+23.5%Q2'25Q3'25: ₹639 Cr · +12% YoY639+12%Q3'25Q4'25: ₹875 Cr · +20.8% YoY875+20.8%Q4'25Q1'26: ₹970 Cr · +20.7% YoY970+20.7%Q1'26Q2'26: ₹1,038 Cr · +16% YoY1,038+16%Q2'26Q3'26: ₹789 Cr · +23.5% YoY789+23.5%Q3'26Q4'26: ₹1,099 Cr · +25.6% YoY1,099+25.6%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,896.38 Cr ₹3,212.52 Cr ₹2,768.43 Cr ₹2,331.82 Cr ₹1,958.01 Cr ₹1,532.58 Cr ₹1,422.07 Cr
Other Income ₹98.58 Cr ₹43.02 Cr ₹37.73 Cr ₹15.68 Cr ₹4.99 Cr ₹9.03 Cr ₹25.17 Cr
Total Income ₹3,994.96 Cr ₹3,255.54 Cr ₹2,806.16 Cr ₹2,347.5 Cr ₹1,963 Cr ₹1,541.61 Cr ₹1,447.24 Cr
Cost of Materials Consumed ₹2,008.38 Cr ₹2,163.73 Cr ₹1,526.15 Cr ₹1,558.66 Cr ₹1,301.09 Cr ₹936.33 Cr ₹833.5 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹68.91 Cr -₹421.98 Cr ₹75.97 Cr -₹220.91 Cr -₹132.07 Cr -₹57.59 Cr -₹13.78 Cr
Employee Benefit Expense ₹452.32 Cr ₹335.08 Cr ₹281.89 Cr ₹229.28 Cr ₹196.1 Cr ₹185.61 Cr ₹191.76 Cr
Finance Costs ₹22.58 Cr ₹25.63 Cr ₹21.36 Cr ₹12.58 Cr ₹5.26 Cr ₹3.62 Cr ₹3.1 Cr
Depreciation & Amortisation ₹134.51 Cr ₹94.34 Cr ₹75.99 Cr ₹56.35 Cr ₹47.87 Cr ₹33.68 Cr ₹32.77 Cr
Other Expenses ₹685.61 Cr ₹524.53 Cr ₹462.1 Cr ₹400.71 Cr ₹320.99 Cr ₹290.12 Cr ₹288.42 Cr
Total Expenses ₹3,372.31 Cr ₹2,721.33 Cr ₹2,443.46 Cr ₹2,036.67 Cr ₹1,739.24 Cr ₹1,391.77 Cr ₹1,335.77 Cr
Profit Before Exceptional Items & Tax ₹622.65 Cr ₹534.21 Cr ₹362.7 Cr ₹310.83 Cr ₹223.76 Cr ₹149.84 Cr ₹111.47 Cr
Exceptional Items ₹21.51 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹644.16 Cr ₹534.21 Cr ₹362.7 Cr ₹310.83 Cr ₹223.76 Cr ₹149.84 Cr ₹111.47 Cr
Total Tax Expense ₹162.48 Cr ₹142.41 Cr ₹91.3 Cr ₹75.25 Cr ₹71.34 Cr ₹36.11 Cr ₹34.9 Cr
Net Profit ₹481.68 Cr ₹391.8 Cr ₹271.4 Cr ₹235.58 Cr ₹152.42 Cr ₹113.73 Cr ₹76.57 Cr
  attributable to Owners ₹596.04 Cr ₹408.67 Cr ₹0 - ₹0 ₹0 ₹75.65 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹114.36 Cr ₹16.87 Cr ₹21.77 Cr -₹15.55 Cr ₹15.18 Cr ₹9.05 Cr -₹92 Lakh
Total Comprehensive Income ₹596.04 Cr ₹408.67 Cr ₹293.17 Cr ₹220.03 Cr ₹167.6 Cr ₹122.78 Cr ₹75.65 Cr
EBITDA (computed) ₹779.74 Cr ₹654.18 Cr ₹460.05 Cr ₹379.76 Cr ₹276.89 Cr ₹187.14 Cr ₹147.34 Cr
Basic EPS ₹33.68 ₹27.39 ₹37.95 ₹32.94 ₹21.31 ₹15.90 ₹10.71
Diluted EPS ₹33.68 ₹27.39 ₹37.95 ₹32.94 ₹21.31 ₹15.90 ₹10.71
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹3,058.02 Cr ₹2,846.37 Cr ₹2,027.49 Cr ₹1,883.69 Cr
Non-current Assets ₹514.92 Cr ₹636.29 Cr ₹521.43 Cr ₹427.67 Cr
Current Assets ₹2,543.1 Cr ₹2,210.08 Cr ₹1,506.06 Cr ₹1,456.02 Cr
Property, Plant & Equipment ₹465.47 Cr ₹512.82 Cr ₹450.86 Cr ₹350.53 Cr
Inventories ₹1,498.31 Cr ₹1,381.27 Cr ₹922.04 Cr ₹994.89 Cr
Trade Receivables ₹737.97 Cr ₹611.39 Cr ₹480.94 Cr ₹413.49 Cr
Cash & Equivalents ₹30.75 Cr ₹22.49 Cr ₹16.8 Cr ₹7.02 Cr
Equity (Net Worth) ₹1,684.32 Cr ₹1,302.84 Cr ₹1,051.5 Cr ₹1,001.5 Cr
Equity Share Capital ₹28.61 Cr ₹28.61 Cr ₹14.3 Cr ₹14.3 Cr
Borrowings (Non-current) ₹22.04 Cr ₹24.69 Cr ₹35.52 Cr ₹38.31 Cr
Borrowings (Current) ₹405.69 Cr ₹293.77 Cr ₹186.05 Cr ₹253.26 Cr
Total Debt (computed) ₹427.73 Cr ₹318.46 Cr ₹221.57 Cr ₹291.57 Cr
Current Liabilities ₹1,154.75 Cr ₹1,138.47 Cr ₹684.72 Cr ₹650.19 Cr
Total Liabilities ₹1,373.7 Cr ₹1,543.53 Cr ₹975.99 Cr ₹882.19 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹380.29 Cr ₹164.3 Cr ₹458.09 Cr -₹41.47 Cr ₹57.24 Cr
Investing Cash Flow -₹175.39 Cr -₹72.54 Cr -₹113.79 Cr -₹23.37 Cr -₹104.29 Cr
Financing Cash Flow -₹188.98 Cr -₹88.81 Cr -₹339.3 Cr ₹58.72 Cr -₹11.24 Cr
Capital Expenditure ₹139.07 Cr ₹98.45 Cr ₹91.26 Cr ₹125.45 Cr ₹75 Cr
Free Cash Flow (computed) ₹241.22 Cr ₹65.85 Cr ₹366.83 Cr -₹166.92 Cr -₹17.76 Cr
Dividends Paid ₹214.56 Cr ₹157.34 Cr ₹243.16 Cr ₹200.25 Cr ₹14.3 Cr
Net Change in Cash ₹15.92 Cr ₹2.95 Cr ₹5 Cr -₹6.12 Cr -₹58.29 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,098.74 Cr ₹789.36 Cr ₹1,038.19 Cr ₹970.09 Cr ₹874.65 Cr ₹639.06 Cr ₹894.93 Cr ₹803.88 Cr ₹723.87 Cr ₹570.64 Cr ₹724.56 Cr ₹749.36 Cr
Other Income ₹17.01 Cr ₹9.28 Cr ₹58.53 Cr ₹13.76 Cr ₹18.79 Cr ₹5.28 Cr ₹16.86 Cr ₹2.09 Cr ₹6.44 Cr ₹11.84 Cr ₹3.08 Cr ₹16.37 Cr
Total Income ₹1,115.75 Cr ₹798.64 Cr ₹1,096.72 Cr ₹983.85 Cr ₹893.44 Cr ₹644.34 Cr ₹911.79 Cr ₹805.97 Cr ₹730.31 Cr ₹582.48 Cr ₹727.64 Cr ₹765.73 Cr
Cost of Materials Consumed ₹524.4 Cr ₹511.4 Cr ₹397.69 Cr ₹574.89 Cr ₹590.76 Cr ₹578.18 Cr ₹538.66 Cr ₹456.13 Cr ₹450.71 Cr ₹388.27 Cr ₹301.97 Cr ₹385.2 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹57.17 Cr -₹129.39 Cr ₹166.03 Cr -₹24.9 Cr -₹157.87 Cr -₹216.1 Cr -₹62.38 Cr ₹14.37 Cr -₹28.01 Cr -₹99.26 Cr ₹113.1 Cr ₹90.14 Cr
Employee Benefit Expense ₹126.05 Cr ₹119 Cr ₹108.12 Cr ₹99.15 Cr ₹96.29 Cr ₹81.84 Cr ₹82.01 Cr ₹74.94 Cr ₹77.72 Cr ₹72.83 Cr ₹66.11 Cr ₹65.23 Cr
Finance Costs -₹37 Lakh ₹7.66 Cr ₹8.23 Cr ₹7.06 Cr ₹7.89 Cr ₹4.68 Cr ₹6.03 Cr ₹7.03 Cr ₹6.57 Cr ₹3.74 Cr ₹5.81 Cr ₹5.24 Cr
Depreciation & Amortisation ₹59.61 Cr ₹25.67 Cr ₹24.86 Cr ₹24.37 Cr ₹35.51 Cr ₹19.99 Cr ₹19.46 Cr ₹19.38 Cr ₹28.33 Cr ₹16.66 Cr ₹15.66 Cr ₹15.34 Cr
Other Expenses ₹166.03 Cr ₹163.46 Cr ₹217.09 Cr ₹139.03 Cr ₹131.19 Cr ₹136.81 Cr ₹130.92 Cr ₹125.61 Cr ₹109.4 Cr ₹119.73 Cr ₹120.92 Cr ₹112.05 Cr
Total Expenses ₹932.89 Cr ₹697.8 Cr ₹922.02 Cr ₹819.6 Cr ₹703.77 Cr ₹605.4 Cr ₹714.7 Cr ₹697.46 Cr ₹644.72 Cr ₹501.97 Cr ₹623.57 Cr ₹673.2 Cr
Profit Before Exceptional Items & Tax ₹182.86 Cr ₹100.84 Cr ₹174.7 Cr ₹164.25 Cr ₹189.67 Cr ₹38.94 Cr ₹197.09 Cr ₹108.51 Cr ₹85.59 Cr ₹80.51 Cr ₹104.07 Cr ₹92.53 Cr
Exceptional Items ₹3.36 Cr ₹18.15 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹186.22 Cr ₹118.99 Cr ₹174.7 Cr ₹164.25 Cr ₹189.67 Cr ₹38.94 Cr ₹197.09 Cr ₹108.51 Cr ₹85.59 Cr ₹80.51 Cr ₹104.07 Cr ₹92.53 Cr
Total Tax Expense ₹38.79 Cr ₹33.16 Cr ₹35.8 Cr ₹54.73 Cr ₹36.17 Cr ₹8.01 Cr ₹58.39 Cr ₹39.84 Cr ₹17.43 Cr ₹12.19 Cr ₹37.96 Cr ₹23.72 Cr
Net Profit ₹147.43 Cr ₹85.83 Cr ₹138.9 Cr ₹109.52 Cr ₹153.5 Cr ₹30.93 Cr ₹138.7 Cr ₹68.67 Cr ₹68.16 Cr ₹68.32 Cr ₹66.11 Cr ₹68.81 Cr
  attributable to Owners ₹162.09 Cr ₹102.34 Cr ₹167.55 Cr ₹164.06 Cr ₹147.27 Cr - - ₹0 ₹0 ₹0 ₹0 ₹0
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 - - ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹14.66 Cr ₹16.51 Cr ₹28.65 Cr ₹54.54 Cr -₹6.23 Cr ₹8.24 Cr -₹1.31 Cr ₹16.17 Cr ₹1.45 Cr ₹9.27 Cr ₹1.69 Cr ₹9.36 Cr
Total Comprehensive Income ₹162.09 Cr ₹102.34 Cr ₹167.55 Cr ₹164.06 Cr ₹147.27 Cr ₹39.17 Cr ₹137.39 Cr ₹84.84 Cr ₹69.61 Cr ₹77.59 Cr ₹67.8 Cr ₹78.17 Cr
EBITDA (computed) ₹242.1 Cr ₹134.17 Cr ₹207.79 Cr ₹195.68 Cr ₹233.07 Cr ₹63.61 Cr ₹222.58 Cr ₹134.92 Cr ₹120.49 Cr ₹100.91 Cr ₹125.54 Cr ₹113.11 Cr
Basic EPS ₹10.31 ₹6.00 ₹9.71 ₹7.66 ₹10.73 ₹2.16 ₹19.39 ₹9.60 ₹9.53 ₹9.55 ₹9.24 ₹9.62
Diluted EPS ₹10.31 ₹6.00 ₹9.71 ₹7.66 ₹10.73 ₹2.16 ₹19.39 ₹9.60 ₹9.53 ₹9.55 ₹9.24 ₹9.62
Latest 12 quarters shown of 25 on record.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1,245.2 Cr ₹1,104.98 Cr ₹1,011.36 Cr ₹1,003.79 Cr ₹795.37 Cr ₹653.61 Cr ₹598.38 Cr
Other Income ₹290.75 Cr ₹144.04 Cr ₹142.36 Cr ₹132.44 Cr ₹29.05 Cr ₹8.05 Cr ₹46.5 Cr
Total Income ₹1,535.95 Cr ₹1,249.02 Cr ₹1,153.72 Cr ₹1,136.23 Cr ₹824.42 Cr ₹661.66 Cr ₹644.88 Cr
Cost of Materials Consumed ₹751.56 Cr ₹658.76 Cr ₹611.1 Cr ₹635.23 Cr ₹527.36 Cr ₹383.01 Cr ₹358.58 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹14.35 Cr -₹6 Lakh -₹4.38 Cr -₹13.85 Cr -₹22.29 Cr -₹18 Lakh ₹9.51 Cr
Employee Benefit Expense ₹85.55 Cr ₹67.19 Cr ₹55.19 Cr ₹51.41 Cr ₹42.4 Cr ₹35.83 Cr ₹37.97 Cr
Finance Costs ₹69 Lakh ₹2.68 Cr ₹1.28 Cr ₹35 Lakh ₹36 Lakh ₹62 Lakh ₹35 Lakh
Depreciation & Amortisation ₹28.24 Cr ₹26.22 Cr ₹24.27 Cr ₹21.11 Cr ₹19.74 Cr ₹19.98 Cr ₹20 Cr
Other Expenses ₹214.42 Cr ₹183.02 Cr ₹168.91 Cr ₹161.03 Cr ₹146.85 Cr ₹118.11 Cr ₹117.91 Cr
Total Expenses ₹1,066.11 Cr ₹937.81 Cr ₹856.37 Cr ₹855.28 Cr ₹714.42 Cr ₹557.37 Cr ₹544.32 Cr
Profit Before Exceptional Items & Tax ₹469.84 Cr ₹311.21 Cr ₹297.35 Cr ₹280.95 Cr ₹110 Cr ₹104.29 Cr ₹100.56 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹469.84 Cr ₹311.21 Cr ₹297.35 Cr ₹280.95 Cr ₹110 Cr ₹104.29 Cr ₹100.56 Cr
Total Tax Expense ₹51.05 Cr ₹44.95 Cr ₹42.12 Cr ₹35.41 Cr ₹24.34 Cr ₹24.25 Cr ₹31.04 Cr
Net Profit ₹418.79 Cr ₹266.26 Cr ₹255.23 Cr ₹245.54 Cr ₹85.66 Cr ₹80.04 Cr ₹69.52 Cr
Other Comprehensive Income -₹1.3 Cr -₹56 Lakh -₹54 Lakh -₹2 Lakh -₹1.12 Cr ₹32 Lakh -₹4.35 Cr
Total Comprehensive Income ₹417.49 Cr ₹265.7 Cr ₹254.69 Cr ₹245.52 Cr ₹84.54 Cr ₹80.36 Cr ₹65.17 Cr
EBITDA (computed) ₹498.77 Cr ₹340.11 Cr ₹322.9 Cr ₹302.41 Cr ₹130.1 Cr ₹124.89 Cr ₹120.91 Cr
Basic EPS ₹29.28 ₹18.61 ₹35.69 ₹34.33 ₹11.98 ₹11.19 ₹9.72
Diluted EPS ₹29.28 ₹18.61 ₹35.69 ₹34.33 ₹11.98 ₹11.19 ₹9.72
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,228.31 Cr ₹1,077.64 Cr ₹855.1 Cr ₹843.57 Cr
Non-current Assets ₹399.85 Cr ₹361.2 Cr ₹331.58 Cr ₹330.48 Cr
Current Assets ₹828.46 Cr ₹716.44 Cr ₹523.52 Cr ₹513.09 Cr
Property, Plant & Equipment ₹175.89 Cr ₹162.23 Cr ₹152.44 Cr ₹149.4 Cr
Inventories ₹279.28 Cr ₹277.26 Cr ₹261.28 Cr ₹248.71 Cr
Trade Receivables ₹300.05 Cr ₹269.01 Cr ₹201.63 Cr ₹231.39 Cr
Cash & Equivalents ₹28.29 Cr ₹16.43 Cr ₹12.65 Cr ₹5.74 Cr
Equity (Net Worth) ₹1,053.53 Cr ₹850.6 Cr ₹742.23 Cr ₹730.71 Cr
Equity Share Capital ₹28.61 Cr ₹28.61 Cr ₹14.3 Cr ₹14.3 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹0 ₹7.1 Cr ₹4.64 Cr ₹23 Lakh
Total Debt (computed) ₹0 ₹7.1 Cr ₹4.64 Cr ₹23 Lakh
Current Liabilities ₹159.54 Cr ₹213.5 Cr ₹99.65 Cr ₹99.02 Cr
Total Liabilities ₹174.78 Cr ₹227.04 Cr ₹112.87 Cr ₹112.86 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹160.75 Cr ₹95.11 Cr ₹154.15 Cr ₹68.04 Cr ₹1.35 Cr
Investing Cash Flow ₹73.46 Cr ₹66.22 Cr ₹92.8 Cr ₹126.89 Cr -₹40.92 Cr
Financing Cash Flow -₹215.25 Cr -₹160.02 Cr -₹244.44 Cr -₹200.6 Cr -₹14.66 Cr
Capital Expenditure ₹62.8 Cr ₹28.24 Cr ₹35.65 Cr ₹34.4 Cr ₹32.23 Cr
Free Cash Flow (computed) ₹97.95 Cr ₹66.87 Cr ₹118.5 Cr ₹33.64 Cr -₹30.88 Cr
Dividends Paid ₹214.56 Cr ₹157.34 Cr ₹243.16 Cr ₹200.25 Cr ₹14.3 Cr
Net Change in Cash ₹18.96 Cr ₹1.31 Cr ₹2.51 Cr -₹5.67 Cr -₹54.23 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹355.18 Cr ₹300.96 Cr ₹287.72 Cr ₹301.34 Cr ₹308.3 Cr ₹257.04 Cr ₹282.5 Cr ₹257.14 Cr ₹264.25 Cr ₹232.91 Cr ₹241.84 Cr ₹272.36 Cr
Other Income ₹166.16 Cr ₹4.63 Cr ₹108.92 Cr ₹11.04 Cr ₹101.98 Cr ₹35.34 Cr ₹5.74 Cr ₹98 Lakh ₹27.55 Cr ₹37.45 Cr ₹5.03 Cr ₹72.33 Cr
Total Income ₹521.34 Cr ₹305.59 Cr ₹396.64 Cr ₹312.38 Cr ₹410.28 Cr ₹292.38 Cr ₹288.24 Cr ₹258.12 Cr ₹291.8 Cr ₹270.36 Cr ₹246.87 Cr ₹344.69 Cr
Cost of Materials Consumed ₹211.44 Cr ₹180.54 Cr ₹180.92 Cr ₹178.66 Cr ₹173.74 Cr ₹159.12 Cr ₹175.35 Cr ₹150.55 Cr ₹156.53 Cr ₹151.32 Cr ₹146.19 Cr ₹157.06 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹6.43 Cr -₹3.35 Cr -₹11.31 Cr -₹6.12 Cr ₹6.19 Cr -₹5.46 Cr -₹5.43 Cr ₹4.64 Cr ₹6.05 Cr -₹12.37 Cr -₹4.22 Cr ₹6.16 Cr
Employee Benefit Expense ₹24.04 Cr ₹23.67 Cr ₹19.19 Cr ₹18.65 Cr ₹20.43 Cr ₹15.73 Cr ₹16.71 Cr ₹14.32 Cr ₹15.01 Cr ₹13.31 Cr ₹13.81 Cr ₹13.06 Cr
Finance Costs -₹8 Lakh ₹21 Lakh ₹42 Lakh ₹14 Lakh ₹25 Lakh ₹27 Lakh ₹13 Lakh ₹2.03 Cr ₹1.02 Cr ₹7 Lakh ₹9 Lakh ₹10 Lakh
Depreciation & Amortisation ₹7.32 Cr ₹7.26 Cr ₹6.91 Cr ₹6.75 Cr ₹6.97 Cr ₹6.76 Cr ₹6.37 Cr ₹6.12 Cr ₹6.29 Cr ₹6.14 Cr ₹6 Cr ₹5.84 Cr
Other Expenses ₹56.8 Cr ₹55.79 Cr ₹51.25 Cr ₹50.58 Cr ₹50.69 Cr ₹44.94 Cr ₹44.46 Cr ₹42.93 Cr ₹44.87 Cr ₹41.31 Cr ₹43.99 Cr ₹38.74 Cr
Total Expenses ₹305.95 Cr ₹264.12 Cr ₹247.38 Cr ₹248.66 Cr ₹258.27 Cr ₹221.36 Cr ₹237.59 Cr ₹220.59 Cr ₹229.77 Cr ₹199.78 Cr ₹205.86 Cr ₹220.96 Cr
Profit Before Exceptional Items & Tax ₹215.39 Cr ₹41.47 Cr ₹149.26 Cr ₹63.72 Cr ₹152.01 Cr ₹71.02 Cr ₹50.65 Cr ₹37.53 Cr ₹62.03 Cr ₹70.58 Cr ₹41.01 Cr ₹123.73 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹215.39 Cr ₹41.47 Cr ₹149.26 Cr ₹63.72 Cr ₹152.01 Cr ₹71.02 Cr ₹50.65 Cr ₹37.53 Cr ₹62.03 Cr ₹70.58 Cr ₹41.01 Cr ₹123.73 Cr
Total Tax Expense ₹13.56 Cr ₹10.18 Cr ₹11.49 Cr ₹15.82 Cr ₹14.68 Cr ₹7.82 Cr ₹12.71 Cr ₹9.74 Cr ₹8.65 Cr ₹9.84 Cr ₹10.24 Cr ₹13.39 Cr
Net Profit ₹201.83 Cr ₹31.29 Cr ₹137.77 Cr ₹47.9 Cr ₹137.33 Cr ₹63.2 Cr ₹37.94 Cr ₹27.79 Cr ₹53.38 Cr ₹60.74 Cr ₹30.77 Cr ₹110.34 Cr
Other Comprehensive Income -₹1.3 Cr ₹0 ₹0 ₹0 -₹56 Lakh ₹0 ₹0 ₹0 -₹54 Lakh ₹0 ₹0 ₹0
Total Comprehensive Income ₹200.53 Cr ₹31.29 Cr ₹137.77 Cr ₹47.9 Cr ₹136.77 Cr ₹63.2 Cr ₹37.94 Cr ₹27.79 Cr ₹52.84 Cr ₹60.74 Cr ₹30.77 Cr ₹110.34 Cr
EBITDA (computed) ₹222.63 Cr ₹48.94 Cr ₹156.59 Cr ₹70.61 Cr ₹159.23 Cr ₹78.05 Cr ₹57.15 Cr ₹45.68 Cr ₹69.34 Cr ₹76.79 Cr ₹47.1 Cr ₹129.67 Cr
Basic EPS ₹14.11 ₹2.19 ₹9.63 ₹3.35 ₹9.60 ₹4.42 ₹5.30 ₹3.89 ₹7.46 ₹8.49 ₹4.30 ₹15.43
Diluted EPS ₹14.11 ₹2.19 ₹9.63 ₹3.35 ₹9.60 ₹4.42 ₹5.30 ₹3.89 ₹7.46 ₹8.49 ₹4.30 ₹15.43
Latest 12 quarters shown of 25 on record.
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Shareholding Pattern of Banco Products (India) Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 67.88%, foreign institutional investors hold 4.06%, domestic institutional investors hold 0.22%, retail and other public shareholders hold 27.83% of Banco Products (India) Limited. The company had 76,781 shareholders on record.

Promoters: 67.88%DII (Domestic Institutional): 0.22%FII (Foreign Institutional): 4.06%Retail & Others: 27.83%
Mar 2026
QUARTER
67.88% Promoters
0.22% DII (Domestic Institutional)
4.06% FII (Foreign Institutional)
27.83% Retail & Others
Promoter holding - history
Now 67.88% · Mar 2026High 67.88% · Dec 2015Low 67.88% · Dec 2015
66%66.8%67.5%68.3%69%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 67.88%Mar 2016: 67.88%Jun 2016: 67.88%Sep 2016: 67.88%Dec 2016: 67.88%Mar 2017: 67.88%Jun 2017: 67.88%Sep 2017: 67.88%Dec 2017: 67.88%Mar 2018: 67.88%Jun 2018: 67.88%Sep 2018: 67.88%Dec 2018: 67.88%Mar 2019: 67.88%Jun 2019: 67.88%Sep 2019: 67.88%Dec 2019: 67.88%Mar 2020: 67.88%Jun 2020: 67.88%Sep 2020: 67.88%Dec 2020: 67.88%Mar 2021: 67.88%Jun 2021: 67.88%Sep 2021: 67.88%Dec 2021: 67.88%Mar 2022: 67.88%Jun 2022: 67.88%Sep 2022: 67.88%Dec 2022: 67.88%Mar 2023: 67.88%Jun 2023: 67.88%Sep 2023: 67.88%Dec 2023: 67.88%Mar 2024: 67.88%Jun 2024: 67.88%Sep 2024: 67.88%Dec 2024: 67.88%Mar 2025: 67.88%Jun 2025: 67.88%Sep 2025: 67.88%Dec 2025: 67.88%Mar 2026: 67.88%67.88%67.88%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters67.88%67.88%67.88%67.88%67.88%67.88%
Public32.12%32.12%32.12%32.12%32.12%32.12%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%67.88%
Public32.12%32.12%32.12%32.12%32.12%32.12%32.12%32.12%32.12%32.12%32.12%
Promoter change (YoY, %pts)+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00-

Board & Governance of Banco Products (India) Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Banco Products (India) Limited has 8 directors - 4 independent and 2 executive. The board is chaired by Mehul Kanubhai Patel.

DirectorPositionOn board sinceListed boards
Mehul Kanubhai Patel Non-Executive - Non Independent Director · Chairperson 2015-03-28 1
Sharan Mehul Patel Executive Director 2021-04-22 1
Shivam Mehul Patel Non-Executive - Non Independent Director 2023-08-07 1
Ameeta Vikas Manohar Non-Executive - Independent Director 2020-04-25 1
Tarak Atulbhai Patel Non-Executive - Independent Director 2024-02-05 1
Pranav Rohit Patel Non-Executive - Independent Director 2025-02-08 1
Anand Anil Majmudar Non-Executive - Independent Director 2025-02-08 1
Venkata Ranganath Kumar Sami Executive Director 2025-05-17 1
Board Committees
CommitteeMembers
Audit Committee Ameeta Vikas Manohar (Chairperson), Tarak Atulbhai Patel, Pranav Rohit Patel, Anand Anil Majmudar, Mehul Kanubhai Patel
Nomination and remuneration committee Tarak Atulbhai Patel (Chairperson), Ameeta Vikas Manohar, Pranav Rohit Patel, Anand Anil Majmudar, Mehul Kanubhai Patel
Stakeholders Relationship Committee Tarak Atulbhai Patel (Chairperson), Ameeta Vikas Manohar, Pranav Rohit Patel, Anand Anil Majmudar, Mehul Kanubhai Patel
Risk Management Committee Tarak Atulbhai Patel (Chairperson), Ameeta Vikas Manohar, Pranav Rohit Patel, Anand Anil Majmudar, Sharan Mehul Patel, Venkata Ranganath Kumar Sami

Group Structure of Banco Products (India) Limited

Banco Products (India) Limited has 2 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Banco Products (India) Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Banco Gaskets (India) Limited U25199GJ2011PLC066886 -
Banco New Energy Cooling Systems Limited U29309GJ2021PLC122673 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Banco Products (India) Limited

Open charges
₹30 Cr
Satisfied charges
₹335.95 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹10.00 Cr
State Bank of India₹10.00 Cr
Bank of Baroda₹10.00 Cr
Latest charge details
DateLenderAmountStatus
23 Mar 2015 Bank of Baroda ₹10 Cr Open
09 Mar 2015 State Bank of India ₹10 Cr Open
24 Feb 2015 Hdfc Bank Limited ₹10 Cr Open
17 Mar 2015 Standard Chartered Bank ₹10 Cr Satisfied
31 Jan 2014 Hdfc Bank Limited ₹10 Cr Satisfied

Total charge records: 39 View all charges

Employees and EPFO Compliance at Banco Products (India) Limited

Banco Products (India) Limited has a workforce of 758 employees as of Feb 25, 2025.

Employee count
758
Active EPFO establishments
1
Employee growth
4.84%
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Employee and EPFO history for Banco Products (India) Limited

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GST Compliance of Banco Products (India) Limited

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Credit Ratings, Litigation & Regulatory Alerts for Banco Products (India) Limited

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MSME Payment Delays by Banco Products (India) Limited

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MSME payment history for Banco Products (India) Limited

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Subsidiaries & Group Companies of Banco Products (India) Limited

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Corporate group structure for Banco Products (India) Limited

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MCA Filings & Documents of Banco Products (India) Limited

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MCA filings and documents for Banco Products (India) Limited

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Recent Activity on Banco Products (India) Limited

Directors
16 Jun 2026
Sachinkumar Sureshbhai Dalwadi was appointed as a Company Secretary on 16 Jun 2026 & has been associated with this company since 29 days.
Activity
19 Sep 2025
Banco Products (India) Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Directors
09 Jun 2025
Sachin Jayantilal Kotak was appointed as a Cfo on 09 Jun 2025 & has been associated with this company since 1 year 1 month.
Activity
31 Mar 2025
Banco Products (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
08 Feb 2025
Pranav Rohit Patel was appointed as a Director on 08 Feb 2025 & has been associated with this company since 1 year 5 months.
Directors
08 Feb 2025
Anand Majmudar was appointed as a Director on 08 Feb 2025 & has been associated with this company since 1 year 5 months.

Recent News on Banco Products (India) Limited

Stocks that will see action today: 6 April, 2025
07 Apr 2025 · Thehindubusinessline
Banco GM’s R$700 Million Public Offering
16 Nov 2023 · Global Legal Chronicle

Frequently Asked Questions about Banco Products (India) Limited

Banco Products (India) Limited is an active public limited company in the automotive sector based in Dist. Baroda, Gujarat, India. It was incorporated on 16 March 1961 (65+ years old) and is registered under CIN L51100GJ1961PLC001039. Listed on BSE: 500039 and NSE: BANCOINDIA. The company has 758 employees.

Banco Products (India) Limited reported revenue of ₹3,896.38 Cr for FY 2026 (up 21.29% YoY) based on consolidated NSE filings.

The current directors of Banco Products (India) Limited are:

The primary industry of Banco Products (India) Limited is automotive. The company specifically operates in auto parts and components. The company is currently active in this sector.

Yes. Banco Products (India) Limited is listed on both BSE (code: 500039) and NSE (symbol: BANCOINDIA).

Banco Products (India) Limited can be reached at the registered office: Bil Near Bhaili Railway Station Padra Road, Dist. Baroda, Gujarat, India – 391410, or through the website bancoindia.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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