| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,184 | 970 | +22.0% |
| EBITDA | 213 | 182 | +17.2% |
| EBITDA margin | 18.0% | 18.8% | −0.7 pts |
| Profit before tax | 179 | 164 | +8.7% |
| Net profit | 122 | 110 | +11.7% |
| EPS | ₹8.56 | ₹7.66 | +11.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 8,428 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 109 | 109 | 60.6 | 16.8 | 7.0 | ||
| 428 | 428 | 318 | 222 | 292 | ||
| 8,746 | — | — | — | — | ||
| 4,110 | 3,896 | 3,213 | 2,768 | 2,332 | ||
| — | +21.3% | +16.0% | +18.7% | — | ||
| 712 | 681 | 611 | 422 | 364 | ||
| 17.3% | 17.5% | 19.0% | 15.3% | 15.6% | ||
| 567 | 547 | 517 | 346 | 308 | ||
| 495 | 482 | 392 | 271 | 236 | ||
| 12.0% | 12.4% | 12.2% | 9.8% | 10.1% | ||
| ₹38.87 | ₹41.67 | ₹28.57 | ₹18.97 | ₹16.47 | ||
| — | +45.8% | +50.6% | +15.2% | — | ||
| — | 380 | 164 | 458 | −41.5 | ||
| — | −139 | −98.5 | −91.3 | −125 | ||
| 241 | 241 | 65.9 | 367 | −167 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 8,427.8 | |
| - Cash, Equiv & ST Investments | 7.0 | 16.8 | 60.6 | 109.3 | 109.3 | |
| + Total Debt | 291.6 | 221.6 | 318.5 | 427.7 | 427.7 | |
| Enterprise Value | — | — | — | — | 8,746.2 | |
| Revenue | 2,331.8 | 2,768.4 | 3,212.5 | 3,896.4 | 4,110.2 | |
| Growth %, YoY | — | +18.7 | +16.0 | +21.3 | — | |
| EBITDA | 364.1 | 422.3 | 611.2 | 681.2 | 712.4 | |
| Margin % | 15.61 | 15.25 | 19.02 | 17.48 | 17.33 | |
| EBIT | 307.7 | 346.3 | 516.8 | 546.7 | 567.2 | |
| Net Income | 235.6 | 271.4 | 391.8 | 481.7 | 494.5 | |
| Margin % | 10.10 | 9.80 | 12.20 | 12.36 | 12.03 | |
| EPS, Adj (current shares) | 16.47 | 18.97 | 28.57 | 41.67 | 38.87 | |
| Growth %, YoY | — | +15.2 | +50.6 | +45.8 | — | |
| Cash from Operations | -41.5 | 458.1 | 164.3 | 380.3 | — | |
| Capital Expenditures | -125.5 | -91.3 | -98.5 | -139.1 | — | |
| Free Cash Flow | -166.9 | 366.8 | 65.9 | 241.2 | 241.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Banco Products (NSE: BANCOINDIA) had a market capitalisation of ₹8,348 crore at the 29 October 2026 close (₹583.55 a share), a PE ratio of 15.0 on the last four quarters' profit and a price-to-book ratio of 4.96. In FY26 its consolidated net profit attributable to shareholders was ₹596 crore on revenue of ₹3,896 crore; in Q1 FY27 (April–June 2026) it was ₹124 crore, down 24.4% year on year. Its debt-to-equity ratio was 0.25 on 31 March 2026. Promoters held 67.88% of the shares on 30 September 2026.
Banco Products' PE ratio is 15.0 at the 29 October 2026 close (₹583.55 a share): a market capitalisation of ₹8,348 crore divided by consolidated net profit attributable to shareholders of ₹556 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹596 crore) it is 14.0.
Banco Products' price-to-book (PB) ratio is 4.96 at the 29 October 2026 close: a market capitalisation of ₹8,348 crore divided by shareholders' equity (book value) of ₹1,684 crore on 31 March 2026. That is a book value of ₹117.74 per share against a share price of ₹583.55.
Banco Products' book value per share was ₹117.74 on 31 March 2026: shareholders' equity of ₹1,684 crore divided by the 14.31 crore shares in issue, up 29.3% from ₹91.08 a year earlier. The share price at the 29 October 2026 close was ₹583.55.
Banco Products' market capitalisation was ₹8,348 crore at the 29 October 2026 close: 14.31 crore shares at ₹583.55 each.
No. Banco Products had borrowings of ₹428 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.25. Its cash and current investments were ₹159 crore, so its net debt was ₹268 crore.
Banco Products' basic earnings per share (EPS) were ₹33.68 in FY26, against ₹27.39 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹34.58.
Banco Products' debt-to-equity ratio was 0.25 on 31 March 2026: borrowings of ₹428 crore against total equity of ₹1,684 crore. A year earlier, on 31 March 2025, it was 0.24.
Banco Products' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,684 crore on 31 March 2026, up 29.3% from ₹1,303 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹8,348 crore at the 29 October 2026 close.
In 2026, Banco Products has declared two dividends totalling ₹16 a share: ₹8 (interim) with record date 19 March 2026 and ex-date 18 March 2026 and ₹8 with record date 12 September 2026 and ex-date 11 September 2026.
In FY26, Banco Products' return on equity (ROE) was 39.9% and its return on capital employed (ROCE) was 30.3%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 34.7% and ROCE 33.9%.
Banco Products' dividend yield is 3.94% at the 29 October 2026 close: dividends of ₹23 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹583.55. They were ₹8 on 11 September 2026, ₹8 on 18 March 2026 (interim) and ₹7 on 19 November 2025 (interim).
On 30 September 2026, Banco Products' shares were held by promoters 67.88%, foreign portfolio investors (FII/FPI) 3.98%, domestic institutions (DII) 0.29% (including mutual funds at 0.10%) and retail and other non-institutional investors 27.85%. Over the year, FII holding was down 0.42 percentage points from 4.40% and DII holding was down 0.01 percentage points from 0.30%.
Promoters held 67.88% of Banco Products on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Banco Products generated ₹380 crore of cash from operations and spent ₹139 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹241 crore. In FY25 it was ₹65.9 crore.
Banco Products will announce its Q2 FY27 results (July–September 2026) on Friday, 6 November 2026, the date of the board meeting it has notified to the exchanges.
Banco Products' latest results are for Q1 FY27 (April–June 2026), filed on 8 August 2026: consolidated net profit attributable to shareholders ₹124 crore, down 24.4% from ₹164 crore in Q1 FY26; revenue from operations ₹1,184 crore, up 22.0% year on year.
In FY26 (April 2025–March 2026), Banco Products' consolidated net profit attributable to shareholders was ₹596 crore, up 45.8% from ₹409 crore in FY25, on revenue from operations of ₹3,896 crore (up 21.3%). Over three years, from FY23, net profit was up 153.0%.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Banco Products' PE ratio is 14.0, the lowest of the four: Tube Investments 66.2, ASK Automotive 38.5 and Fiem Industries 17.7, a peer average of 40.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Tube Investments, ASK Automotive and Fiem Industries: Banco Products' operating margin of 14.0% is the highest of the four (Tube Investments 7.0%, ASK Automotive 10.0%, Fiem Industries 11.5%; peer average 9.5%); its return on equity of 39.9% is the highest of the four (Tube Investments 9.6%, ASK Automotive 25.3%, Fiem Industries 22.7%; peer average 19.2%); its revenue growth over three years of 18.7% a year is the highest of the four (Tube Investments 15.2% a year, ASK Automotive 17.8% a year, Fiem Industries 15.1% a year; peer average 16.0% a year).
In FY26, Banco Products earned net profit attributable to shareholders of ₹596 crore on revenue of ₹3,896 crore, against ₹637 crore on ₹22,847 crore for Tube Investments. Banco Products' operating margin was 14.0% (Tube Investments 7.0%) and its return on equity 39.9% (Tube Investments 9.6%). At the 29 October 2026 close, Banco Products' market capitalisation was ₹8,348 crore against ₹42,147 crore for Tube Investments, and its PE ratio on FY26 profit 14.0 against 66.2.
From Banco Products' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.