BANCO PRODUCTS LTD

·         Banco India is manufacturer for radiators and gaskets, engine cooling systems, engine sealing systems, cork rubber materials.

·         All this products are used in auto industry and other heavy weight industrial applications.

·         It supplies to its various clients in India as well exports globally.

·         With increasing demand for auto vehicles for two and as well four wheelers, this will be adding more revenue than the normal demand observed   in previous years.

·          Some of the product is also used in industrials use example:  the cooling system used in wind mills / compressors.

·         So it not only just manufactures this product but also keeping on adding enhancement and innovation through its R&D and testing Team.

·         Visit Company website to find list of applications. http://www.bancoindia.com/

·         You can add this as part of auto industry growth stock in your portfolio.

         

         Q2Q

(in Cr.)	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13
Income Statement
Revenue	113.49	119.39	101	99.86	126.98
Other Income	1.67	9.56	3.74	3.6	16.77
Total Income	115.16	128.95	104.74	103.46	143.75
Expenditure	-91.52	-88.83	-85.18	-85.07	-108.19
Interest	-1.95	-6.76	-2.25	-2.64	-2.58
PBDT	21.69	33.36	17.31	15.75	32.98
Depreciation	-3.55	-3.92	-4.3	-4.11	-4.18
PBT	18.14	29.44	13.01	11.64	28.8
Tax	-3.47	-6.64	-1.36	-2.08	-6.41
Net Profit	14.67	22.8	11.65	9.56	22.39
Equity	14.3	14.3	14.3	14.3	14.3
EPS	2.05	3.19	1.63	1.34	3.13
CEPS	2.55	3.74	2.23	1.91	--
OPM %	20.83	33.6	19.37	18.42	28
NPM %	12.93	19.1	11.53	9.57	17.63