Banco Products India Ltd - Auto Sector Stock

Market Cap 1208 cr
Book Value 99
FV 2
TTM Sales 1204 cr
OPM 12%
Reserves 604 cr
Debt Free Company

CMP 169 (24 July 2016)

Original Equipment

Banco is one of the leading manufacturers and suppliers of OE for commercial vehicles, passenger vehicles and industrial products. We supply to most of the OEM’s within India and have a ongoing supplier relationships with both Indian OEMs as well as for Indian affliates of Japanese/European MNC for many of their future projects.

Aftermarket

Banco Products India Ltd. is also India’s largest exporter of aftermarket radiators to the Europe, with a growing presence in the North American/Middle-Eastern/African and South American markets. As their products are designed to meet OE standards, we provide exceptional quality and product range for the aftermarket repair trade.

Official website www.bancoindia.com
Screener https://www.screener.in/company/BANCOINDIA/consolidated

Technically, stock is in uptrend.

This may be a nice bet for mid- long term

 

100% Agreed. It is safe stock and already given 61% gain. Also PE is reasonable at 13x. Dividend yield of 1.77 is also there from stock.

 

GOOD BIT IS SHORT TERM

 

RoE is low, 13.28% for last 3 years

 

88% growth in net profit and 33% in revenue. Stock 15% up.

CMP 200

 

Buy Back Announced.

CMP 203

(This is my third consecutive stock within 2 months that has announced Buy Back)
Other two are INFINITE COMPUTER/ AMBIKA COTTON