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Employees: 3,604
Size Banco Products (India) (BANCOINDIA.NS) is an India Industrials company (Industrial Machinery) with a market value of $905M, the 625th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹598.20 on 6 Nov 2026.
Performance Over six months the shares fell 6.6%, against -16.2% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 19 in its peer set.
Growth Revenue grew 21.6% over the last twelve months (peer median +8.4%); the operating margin is 13.8% (peer median 6.3%).
Valuation It trades at 2.1× enterprise value to sales against a peer median of 2.5× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.4 points above its cost of capital (17.8% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹41.1B | ₹38.9B | ₹32.1B | ₹27.7B | ₹23.3B |
| Revenue growth | — | +21% | +16% | +19% | — |
| Gross profit | ₹13.0B | ₹11.1B | ₹7.88B | ₹5.83B | ₹5.09B |
| EBITDA | ₹7.12B | ₹8.61B | ₹6.09B | ₹4.30B | ₹3.68B |
| Net income | ₹4.95B | ₹4.82B | ₹3.92B | ₹2.71B | ₹2.36B |
| Free cash flow | n/a | ₹2.21B | ₹797M | ₹3.47B | -₹1.76B |
| Capital expenditure | n/a | ₹1.39B | ₹642M | ₹952M | ₹1.25B |
| Total debt | n/a | ₹6.14B | ₹5.73B | ₹4.23B | ₹4.18B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BANCOINDIA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | -4.4% | 8th highest of 21 |
| 6-month return | -6.6% | -16.2% | 5th highest of 19 |
| Distance from 52-week high | -30.8% | -36.8% | 7th highest of 21 |
| Revenue growth (TTM) | +21.6% | +8.4% | 5th highest of 21 |
| Operating margin | 13.8% | 6.3% | 6th highest of 21 |
| EV / Sales | 2.1× | 2.5× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 24.8% | 4.3% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +20.6% | +12.2% | 5th highest of 12 |
| Hurdle (Req g minus delivered) | +4.2 pp | -13.7 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | +7.4 pp | -2.7 pp | 3rd highest of 21 |
| EV / EBITDA | 12.0× | 7.1× | 4th most expensive of 8 |
| Net debt / EBITDA | 0.6× | 0.3× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Banco Products (India) BANCOINDIA.NS | India | $905M | -7% | +22% | 14% | 2.1× | 24.8% | +20.6% |
| Sinoseal 300470.SZ | China | $903M | -18% | +1% | 20% | 3.1× | -0.7% | +13.9% |
| Trican Well Service TCW.TO | Canada | $899M | -10% | +15% | 14% | 1.1× | -11.5% | +22.5% |
| Kitz 6498.T | Japan | $915M | -21% | +8% | 8% | 0.9× | 4.3% | +9.5% |
| Graham GHM | United States | $916M | -21% | +21% | 7% | 3.4× | n/a | n/a |
| Tianjin Motor Dies 002510.SZ | China | $918M | -10% | +5% | -1% | 2.8× | 33.8% | +12.2% |
| Qingdao Gaoce Technology 688556.SS | China | $922M | -45% | +5% | -17% | 2.0× | 8.8% | +37.4% |
| Dynamatic Technologies DYNAMATECH.NS | India | $922M | +3% | +17% | 7% | 5.2× | n/a | n/a |
| KraussMaffei 600579.SS | China | $888M | -15% | -22% | 0% | 2.2× | n/a | n/a |
| Mesnac 002073.SZ | China | $923M | -11% | +18% | 4% | 0.6× | -3.2% | +21.6% |
| Galilei 6420.T | Japan | $925M | -3% | +4% | 13% | 0.7× | n/a | n/a |
| Jin Tong Ling Technology 300091.SZ | China | $882M | -36% | -40% | -72% | 7.5× | n/a | n/a |
| Manitou BF MTU.PA | France | $882M | -6% | +8% | 6% | 0.4× | -3.6% | +10.1% |
| Suzhou Chunqiu Electronic Technology 603890.SS | China | $880M | -38% | +7% | 6% | 1.4× | 5.2% | +4.2% |
| Shanghai Huitong Energy 600605.SS | China | $878M | -10% | +13% | 14% | 41.4× | 41.3% | +2.9% |
| Shenzhen LDRobot 1236.HK | Hong Kong | $876M | n/a | +60% | -11% | 7.5× | n/a | n/a |
| Shanghai SK Automation Technology 688155.SS | China | $936M | -53% | +56% | 15% | 1.8× | 5.3% | +43.3% |
| Unimech Aerospace & Manufacturing UNIMECH.NS | India | $937M | +63% | +40% | 27% | 25.4× | n/a | n/a |
| Shenzhen Dobot 2432.HK | Hong Kong | $937M | -50% | +67% | -33% | 6.8× | n/a | n/a |
| Suzhou Hailu Heavy Industry 002255.SZ | China | $875M | -38% | -19% | 16% | 1.7× | -0.5% | +2.8% |
| Shanghai Top Numerical Control Technology 7688.HK | Hong Kong | $873M | n/a | +9% | -53% | 15.7× | n/a | n/a |