Manufactures auto components, with standalone operations in India and a consolidated business that runs through subsidiaries, including step-down subsidiary NRF France S.A.S. Materials form the largest cost line at 51.5% of revenue in FY26, followed by other operating expenses at 17.6% and employee costs at 11.6%. Capital expenditure was 3.6% of revenue and depreciation 3.5%, indicating a manufacturing footprint that needs steady but moderate reinvestment. Consolidated total income reached Rs 3,99,496 lakhs in FY26, while standalone total income was Rs 1,58,595 lakhs, showing a sizeable share of the top line comes from outside India. The company earned Rs 26,469 lakhs as dividend from subsidiaries in FY26, up from Rs 13,081 lakhs the previous year, underscoring how much of the consolidated profit is generated through overseas units. A warehouse fire at NRF France S.A.S. led to an exceptional charge of Rs 2,150 lakhs and a preliminary insurance claim of Euro 6.56 Mn (Rs 7,050 lakhs). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Auto components manufacturing (consolidated, including overseas subsidiaries), Auto components manufacturing (standalone India). Auto components manufacturer with Indian standalone operations and overseas subsidiaries
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,958 | 2,332 | 2,768 | 3,213 | 3,896 |
| EBITDA (ex other income) | 272 | 364 | 422 | 611 | 703 |
| margin % | 13.9 | 15.6 | 15.3 | 19.0 | 18.0 |
| Owners' profit | 0 | 236 | 0 | 409 | 596 |
| EPS, as reported (₹) | 21.31 | 32.94 | 37.95 | 27.39 | 33.68 |
| ROE % · ROCE % | 15.5 · 19.8 | 23.5 · 26.2 | 25.8 · 28.6 | 30.1 · 32.8 | 28.6 · 35.0 |
| Debt / equity (x) | 0.02 | 0.29 | 0.21 | 0.24 | 0.25 |
| Cash from operations | 57 | (41) | 458 | 164 | 380 |
| Capex | (75) | (125) | (91) | (98) | (139) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 895 | 639 | 875 | 970 | 1,038 | 789 | 1,099 | 1,184 |
| Profit before tax | 197 | 39 | 190 | 164 | 175 | 119 | 186 | 179 |
| Net profit | 139 | 31 | 154 | 110 | 139 | 86 | 147 | 122 |
| EPS (₹) | 19.39 | 2.16 | 10.73 | 7.66 | 9.71 | 6.00 | 10.31 | 8.56 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 30 Aug 2026 · Notice of 65th AGM and E-Voting Information Published in Newspapers | compliance | minimal | — | — |
| 27 Aug 2026 · AGM Sept 19, 2026: 400% dividend (Rs 8/sh), new WTD, director commission | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Banco Products appoints Mr. Santosh Sawant as DGM - OEM Marketing | management changes | medium | — | — |
| 24 Aug 2026 · Banco Products appoints DGM OEM Marketing Mr Santosh Sawant | management changes | low | — | — |
| 17 Aug 2026 · Banco Products fixes 12 Sep 2026 as record date for final dividend | corporate actions | high | — | — |
| 13 Aug 2026 · Notice of 65th AGM on 19 September 2026 via video conferencing | compliance | minimal | — | — |
| 11 Aug 2026 · Newspaper Publication of Q1 FY27 Unaudited Financial Results | compliance | minimal | — | — |
| 8 Aug 2026 · Board meeting outcome, AGM on 19 Sept, record date 12 Sept | corporate actions | medium | — | — |
| 8 Aug 2026 · Board approves Q1 FY27 results, new director, 65th AGM on 19 Sept | board shareholder meetings | low | — | — |
| 8 Aug 2026 · AGM on 19 Sep 2026; Q1 results approved, new director appointed | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.7 | 26.7 | 36 of 123 | 71% |
| P/B | 5.2 | 3.5 | 82 of 116 | 30% |
| ROCE | 33.8 | 12.6 | 4 of 125 | 98% |
| ROE | 28.6 | 11.6 | 6 of 119 | 96% |
| Debt / Equity | 0.3 | 0.3 | 61 of 119 | 49% |
| EBITDA margin | 18.5 | 12.2 | 23 of 118 | 81% |
| Revenue growth | 22.0 | 20.2 | 49 of 113 | 57% |
| Profit growth | 11.7 | 24.4 | 70 of 115 | 40% |
| Market cap | 8776 | 1542 | 30 of 125 | 77% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
