Banco Products Share Price

Banco Products (India) Limited, together with its subsidiaries, engages in the manufacture and sale of heat exchangers/cooling systems in India and internationally. The company offers engine cooling systems, such as radiators, charge air coolers, oil coolers, transmission and hydraulic type, condensers, fuel coolers, battery coolers, inverter coolers configurations and accessories, expansion tanks, fan motor assembly, fan shroud and guard, and miscellaneous mounting plumbing accessories. Banco Products share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Banco Products stock price is affected by multiple factors including profits, revenue growth, costs of raw materials, and demand in the automotive industry. In the longer term, share market sentiment is influenced by strategies such as export growth, customer diversification, and operational efficiency improvement. Monitoring all these factors closely helps to have an idea about Banco Products stock price movements.

Banco Products live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Banco Products live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Banco Products share͏ price today helps investors understandreal-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identifypossible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Banco Products (India) Limited Company Fundamentals

Banco Products Company Background

Banco Products (India) Ltd. traces its origins to 1961, founded with an entrepreneurial outlook that shaped its steady growth in the field of engine cooling and sealing systems. Over the decades, the company has developed capabilities across automotive and industrial applications, focusing on engineering-led solutions supported by consistent quality standards. Its engine cooling systems portfolio covers radiators, charge air coolers, oil coolers, fuel and battery coolers, inverter coolers, and related assemblies and accessories, produced in aluminium as well as copper and brass configurations. In engine sealing systems, Banco manufactures a wide range of gaskets, including cylinder head and peripheral gaskets, heat shields, and industrial gaskets, using materials such as multi-layered steel, graphite composites, rubber-based compounds, and copper to meet demanding sealing requirements. Since its incorporation as a private limited company, Banco has expanded its manufacturing footprint, product scope, and capacities, and was listed on Indian stock exchanges in 1987. Recognised as a Star Export House by the Ministry of Commerce and Industry, Government of India, the company continues to strengthen its research and development capabilities, with its Vadodara R&D Centre recognised by the Department of Science and Technology, Government of India.

Banco Products Company Product Lines

Products

Engine Cooling Systems

• Radiators
• Charge air coolers
• Intercoolers
• Oil coolers
• Transmission oil coolers
• Hydraulic oil coolers
• Condensers
• Fuel coolers
• Battery coolers
• Inverter coolers
• Heat exchangers for engine cooling applications

Material Configurations

• Aluminium-based cooling systems
• Copper and brass-based cooling systems

Cooling System Accessories

• Expansion tanks
• Fan motor assemblies
• Fan shrouds and guards
• Mounting and plumbing accessories

Engine Sealing Systems

• Engine cylinder head gaskets
• Peripheral gaskets
• Heat shields
• Industrial gaskets

Gasket Materials

• Multi-layer steel (MLS)
• Graphite composite
• Steel fibre composite
• Compressed fibre joining sheets
• Rubber cork
• Rubber pre-coated beaded gaskets
• Edge-moulded gaskets
• Copper gaskets

Capabilities

• Flexible product design with multiple tube row and fin density options
• Customised fin channel designs for specific cooling requirements
• Use of welded and extruded tube technologies
• Advanced brazing processes for aluminium heat exchangers
• Solutions for low-volume and specialised applications
• Agriculture equipment
• Construction machinery
• Specialty vehicles
• Transit buses
• Integrated manufacturing across cooling and sealing systems
• In-house research and development supported by a recognised R&D centre
• Capability to serve automotive and industrial applications

GMR Airports Company Revenue Model

• Revenue generated from the manufacture and sale of engine cooling systems for automotive and industrial applications
• Revenue from engine sealing systems, including gaskets and heat shields supplied to vehicle and equipment manufacturers
• Income from OEM supplies to passenger vehicle, commercial vehicle, tractor, off-highway, and industrial equipment manufacturers
• Revenue from long-term supply arrangements with domestic automotive original equipment manufacturers
• Revenue from export sales of cooling and sealing products to international automotive and industrial customers
• Income from aftermarket sales, including replacement cooling systems and gasket products
• Revenue from heat exchanger products supplied across multiple engine and thermal management applications
• Earnings from customised and application-specific products designed for agriculture, construction, specialty vehicles, and transit buses
• Revenue from integrated manufacturing capabilities, covering aluminium and copper/brass product configurations
• Income linked to tooling, development, and validation support provided as part of customer programmes
• Revenue contributions from subsidiaries and overseas operations, reflected through consolidated financial reporting
• Income supported by diversified end-use industries, reducing reliance on a single customer or segment

Banco Products Geographic Presence

India (Domestic Presence)

• Corporate headquarters and principal operations in Vadodara, Gujarat
• Manufacturing and operational facilities across multiple Indian states
• Pan-India supply network serving automotive and industrial OEMs
• Nationwide aftermarket distribution reach

Europe

• Presence through Nederlandse Radiateuren Fabriek B.V. (NRF), a wholly owned subsidiary
• Manufacturing, distribution, and sales network across key European markets
• Supplies to OEM and aftermarket customers in Western and Central Europe

North America

• Export presence in the United States
• Export presence in Canada
• Supply of engine cooling and sealing products to automotive and industrial customers

Asia (Outside India)

• Export markets in Singapore
• Trade and shipment presence linked to China
• Sales to Asian automotive and industrial equipment manufacturers

United Kingdom

• Export destination for cooling and sealing system products
• Part of the company’s European export portfolio

Australia

• Active export market for automotive and industrial applications

Global Export Reach

• Products supplied to customers across Europe, North America, Asia, and Australia
• Participation in global automotive and industrial supply chains
• Recognised exporter status supporting international market access

Banco Products Leadership 

Some of the key leaders of Banco Product as of January 2026 are

• Mr. Mehul K. Patel – Chairman
• Mr. Sharan M. Patel – Whole-Time Director
• Mr. Shivam M. Patel – Director
• Mr. Venkata Ranganath Kumar Sami – Whole-Time Director
• Mrs. Ameeta V. Manohar – Independent Director
• Mr. Tarak A. Patel – Independent Director
• Mr. Pranav Patel – Independent Director
• Mr. Anand Majmudar – Independent Director

Banco Products Key Milestones

• 1961: Banco Products (India) Limited incorporated on March 16.
• 1991-1992: Increased installed capacity of radiators from 80,000 to 130,000 units.
• 2000-2001: Developed non-asbestos jointing sheets; supplied radiators to foreign OEMs; began production of multilayer steel gaskets and rubber-coated steel.
• 2001-2002: Developed aluminium radiators and commenced commercial production; increased radiator capacity from 275,000 to 375,000 units.
• 2002-2003: Installed high-precision production equipment to enhance output.
• 2003-2004: Aluminium radiator division produced oil coolers and charged air coolers; quality system certified to TS 16949 by UL, USA.
• 2004-2005: Added more foreign customers to export portfolio.
• 2005-2006: Commissioned 100% Export Oriented Units (EOU); renewed TS-16949 certification.
• 2006-2007: Increased radiator installed capacity from 375,000 to 762,000 units.
• 2007-2008: Commissioned radiator assembly plant at Jamshedpur; implemented Clean Development Mechanism Project for greenhouse gas mitigation.
• 2010: Acquired 100% equity in Nederlandse Radiateuren Fabriek B.V., Netherlands; commenced manufacturing unit at Rudrapur.
• 2011: Acquired 20% equity in Kilimanjaro Biochem Limited, later made it wholly owned; started commercial radiator production.
• 2012: Started SEZ plant with 1 million unit annual capacity for exports; launched new aluminium radiator plant for domestic OEM and aftermarket.
• 2012-2013: Gasket division transferred to wholly owned subsidiary Banco Gaskets (India) Limited; incorporated Lake Mineral (Mauritius) Limited as wholly owned subsidiary.
• FY2025: Commenced supply of specialized cooling systems, gaskets, and sealing solutions to selected EV and clean energy customers in India and international markets.

Banco Products Industry Perspective

Banco Products operates within the automotive components and thermal management industry, focusing on engine cooling systems and sealing products used in internal combustion engines and emerging electric vehicles. This sector is closely linked to the broader auto components industry, which plays a vital role in the global and Indian automotive value chain. In India, the auto components industry has recorded strong growth, contributing substantially to GDP and exports, with a CAGR of around 14% from FY20 to FY25, and is expected to account for a larger share of national GDP by 2026. A key segment for Banco – the automotive cooling systems market – is expanding as manufacturers seek advanced thermal solutions for efficiency and emission compliance. The Indian automotive cooling systems market is forecast to grow at about 4.6% CAGR from 2025 to 2033, driven by rising vehicle production and technology adoption. Globally, the automotive heat exchanger market – covering radiators, intercoolers, and oil coolers – is projected to grow in value significantly in the next decade with CAGR estimates around 6% and higher depending on source and forecast period. The gaskets and sealing market also shows steady expansion, with a forecasted CAGR of about 7.4% in India to 2033, driven by rising demand across automotive and industrial applications. This industry’s growth is propelled by technological advancement, electrification trends, stringent emission norms, and increasing demand for highperformance and energyefficient components

Stock Market Presence: Listings & Index Representation

Banco Products is a known entity in the Indian stock market, listed on the NSE (BANCOINDIA) and BSE (500039). Its inclusion in prominent indices like BSE 1000, S&P BSE Consumer Discretionary Goods & Services, Nifty Microcap 250 Index, Nifty Total Market, S&P BSE MidSmallCap, S&P BSE SmallCap, and S&P BSE AllCap underscores the company’s significance in India’s auto components sector.

Banco Products stock price is tracked by investors. Its inclusion in these indices reflects its market capitalisation and role in the automotive supply chain. Listing on NSE and BSE ensures liquidity, while index presence can drive institutional interest and benchmark tracking within the auto ancillaries sector.

Stock Performance and Banco Products Share Price History

Banco Products share price on NSE and BSE reflects its position as a specialised auto component supplier. Performance is driven by revenue growth, profitability, order book, and demand cycles from the automotive industry. Investors compare Banco Products share price today with sector indices and peer companies to gauge relative performance.

These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader sector strength has also played a role in supporting Banco Products share price. In addition to operational and sector-led factors, corporate actions can also have a significant impact on Banco Products share price movements short-term even when a company’s fundamentals remain strong. This shows how corporate actions can trigger short-term swings, even within a sector framework influenced by economic cycles and raw material prices.

While short-term movements reflect events and announcements, longer-term valuation trends are visible through Banco Products share price 52-week high and low, providing context beyond daily or weekly changes. Highs indicate strong order flow and stable margins, while lows align with market corrections or sector downturns. These levels capture impacts of economic policy, growth expectations, input costs, and earnings visibility, providing context for the stock’s historical performance.

Banco Products stock performance reflects the trading behaviour of a mid-sized automotive component manufacturer. The company’s diversified product portfolio, strong export focus, and relationships with OEMs have shaped its Banco Products share price history. Over time, the stock has shown periods of significant growth and phases of consolidation. The early 2010s witnessed steady performance, while the period between 2019 and 2020 saw a decrease in the Banco Products share price, influenced by broader automotive sector slowdown and economic uncertainties.

Banco Products stock performance over time has followed India’s automotive industry cycles. For instance, the Banco Products share price reached an all-time high of ₹879.80 in recent years, supported by strong investor confidence, robust financial performance, and recovery in automotive demand. Over longer investment horizons, the stock has delivered meaningful returns, including gains of 732.63 percent over five years and 470.99 percent over three years. These returns highlight growth aligned with expanding automotive production and export trends.

The Banco Products share price decreased by 42.45% in the calendar year 2019, primarily due to a slowdown in the domestic automotive sector, leading to reduced revenue growth and profitability pressures. The Banco Products share price increased by 219.15% in 2023, driven by a strong recovery in automotive demand, significant improvement in annual net income to ₹391.80 crores, and expanded profit margins. The Banco Products share price decreased by 16.63% in the first quarter of 2026, influenced by broader market corrections and sector-specific volatility, with the stock trading between a high of ₹722.70 and a low of ₹555 during the month. The Banco Products share price demonstrated resilience during the COVID-19 period. While the broader auto sector faced supply chain disruptions, the company’s focus on operational efficiency helped the stock recover value after an initial decline, with the share price increasing by 38.87% in the calendar year 2020.

Banco Products Investor Relevance and Role in Portfolio

Banco Products can be a holding in sector-specific and small to mid-cap portfolios, offering exposure to the auto ancillaries industry and manufacturing export themes. Inclusion in indices like Nifty Microcap 250 and various BSE small-cap indices underscores its relevance within its market segment. Consistent revenue growth and operational focus make it a considered choice for thematic institutional allocations.

Banco Products equity is held by a mix of domestic and international institutional investors. Top institutional stakeholders include Investor Education and Protection Fund (IEPF), Banco Aluminium Ltd., Dimensional Fund Advisors LP, BlackRock, Inc., AllianceBernstein L.P., Motilal Oswal Asset Management Company Limited, American Century Investment Management Inc, State Street Global Advisors, Inc., Teachers Insurance and Annuity Association-College Retirement Equities Fund, and Artico Partners AG.

Prominent mutual fund holders include DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity 2 Portfolio, Bernstein Fund, Inc.- International Small Cap Portfolio, Motilal Oswal Amc Ltd. – Motilal Oswal Mutual Fund – Motilal Oswal Nifty Microcap 250 Index Fund, iShares Public Limited Company – iShares Core MSCI EM IMI UCITS ETF, DFA Investment Trust Company – Emerging Markets Small Cap Series, Dimensional Emerging Markets Value Fund, American Century ETF Trust – Avantis Emerging Markets Equity ETF, Dimensional ETF Trust – Dimensional Emerging Markets Core Equity 2 ETF, iShares Trust – iShares MSCI India Small-Cap ETF, and SSGA SICAV – State Street Emerging Markets Small Cap. This investor base underscores the stock’s role in thematic and index-linked portfolios.

Beyond fundamentals and ownership, Banco Products stock is monitored in derivatives markets, where open interest and F&O quotes reflect expectations on order inflows, commodity prices, and auto sector outlook. Technical indicators such as RSI, MACD, and MFI provide additional insight into short-term momentum shifts in Banco Products stock price. While primarily used for near-term trading, these tools can also help gauge market sentiment around quarterly results.

Banco Products’ beta values show varied volatility across different time frames. The long-term beta stands at 0.273, indicating low correlation with the broader market over extended periods. However, shorter-term daily beta readings are higher, at 2.47 for the one-month range and 1.98 for the three-month range. Weekly beta over a one-year range is 2.13, and over a two-year range is 1.72. The two-week beta over two years is 2.23, while the monthly beta over the same period is 0.186. These figures show the Banco Products share price can exhibit higher volatility in short trading windows compared to its long-term, more stable trend.

Banco Products Sectoral Relevance and Peer Positioning

Banco Products sector relevance stems from its specialization in critical automotive sealing and cooling components, establishing it as a key supplier supporting India’s auto ancillaries ecosystem. Peer comparisons with other component manufacturers focus on product diversification, export intensity, profit margins, and return ratios rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and client relationships. Institutional tracking of automotive production cycles, raw material trends, and global supply chain developments further highlights the company’s positioning within India’s broader manufacturing and export markets.

Banco Products P/E ratio demonstrates how the market values the company’s earnings relative to its growth in the auto components sector. Historically, the P/E ratio has seen adjustments. It was 8.84 in March 2021, decreased to 6.40 in March 2022, and then rose to 6.83 in March 2023. A further increase to 7.84 occurred in March 2024, followed by a significant rise to 12.59 by March 2025. This latest P/E of 12.60 is greater than the five-year average of 10.07, showing changing market valuation aligned with the company’s earnings trajectory and sector prospects.

Alongside valuation, Banco Products EPS highlights operational performance and income generation from core manufacturing. Between March 2021 and March 2024, EPS increased steadily from 15.90 to 37.95, indicating consistent net earnings growth. In March 2025, the annual basic EPS was 27.39, reflecting a temporary pause in year-on-year growth. This trend corresponds to operational cycles and input cost variations, providing insight into the company’s performance relative to sector benchmarks.

Banco Products market cap history underscores its growth within India’s financial markets. The market cap increased from ₹12.35 billion in December 2021 to ₹98.39 billion by December 2025, reflecting substantial investor recognition. It was ₹14.31 billion in December 2022, grew to ₹45.68 billion in December 2023, and reached ₹68.05 billion in December 2024. As of January 2026, the market cap is ₹82.12 billion. This growth trajectory, from ₹758.23 million in October 2004, highlights the company’s expanding scale and appeal to investors over the long term.

Finally, Banco Products earnings trajectory demonstrates growth and operational consistency. Statutory financial disclosures show net income rising from ₹41.46 crores in March 2009 to ₹78.60 crores in March 2010. Earnings steadily expanded over the following decade, crossing ₹89.82 crores in March 2014 and ₹235.58 crores by March 2023. Growth continued, reaching ₹271.40 crores in March 2024 and ₹391.80 crores in March 2025. These trends reflect the company’s maturity, scale-driven consistency, and operational execution within the auto components sector.

Summary

Banco Products (India) Limited is a manufacturer in the auto ancillaries sector, listed on Indian stock exchanges. The Banco Products share price is influenced by automotive industry dynamics, company financials, and broader economic factors. Its inclusion in various indices and ownership by institutional investors highlights its market presence. Long-term share price history shows periods of growth aligned with sector cycles and company performance, offering a perspective on its market journey.