Banco Products (India) Ltd (NSE: BANCOINDIA): The company is known for its dividend. This company with a market cap of Rs 5,270 crore has been giving a dividend of more than Rs 20 every year.
The company also gave a bonus share for one. The company also provided one bonus share in exchange for one year in 2017.
We Are Discussing Banco Products
The company was started in the year 1961. The company is involved in the auto ancillary business. The company manufactures radiators. Beyond that there are many more products available in the portfolio.
The company gave the biggest dividend in its history of Rs 20 per share in February 2024. At the same time, in the year 2023, the company gave a dividend of Rs 14, and in February 2023 itself, a dividend of Rs 8 per share.
Let us also inform you that the stock of the company is continuing to climb rapidly. In 4 years, the stock has increased from Rs 70 to Rs 730.
The company announced that the final vote on the bonus shares would be made during the board meeting, which is scheduled to take place on November 13.
On Monday, November 11, a company also announced bonus shares. NMDC gave two shares of bonus shares in exchange for one. Further information will be available by clicking on the link. Click here
The promoters’ stake in the company is 67.88 percent. There haven’t been any changes over the last five quarters.
There has been a lot of buying by FIIs i.e. foreign institutional investors in a year. The stake was 2.07 percent in the year 2023.
At the same time, it increased to 3.08 percent in September 2024. However, it has decreased as compared to the April-June quarter.
It was 3.21 % during the April-June quarter of the current fiscal year. At the same time, it fell to 3.08 percent in the July-September quarter.
What’s A Bonus Stock, And What Are The Benefits To Investors?
Bonus Share– When a company provides shares to investors free of charge it is known as an incentive share.
Investors can earn bonus shares in an exact percentage. If an organization offers the bonus at 3:2, that means you will receive three bonus shares for every 2 shares.
While the equity capital is increased after the bonus issue there isn’t any change in the value of the equity. Because there is no change to the value of the underlying asset investors will benefit shortly because of greater dividends.
Quick Fact
| Company name | Banco Products |
|---|---|
| Stock price | ₹737.50 (0.24%) |
| Market cap | ₹5,270 crore |
| Dividend history | Over ₹20 yearly |
| Established year | 1961 |
| Business area | Auto ancillary |
| Key products | Radiators, others |
| Highest dividend | ₹20 per share (Feb 2024) |
| Dividend (2023) | ₹14 per share, plus ₹8 (Feb) |
| Bonus share history | 1:1 (2017) |
| Promoter stake | 67.88% |
| FII stake (2023) | 2.07% |
| FII stake (Sept 2024) | 3.08% (decreased from 3.21% in Q1) |
| Stock growth | ₹70 to ₹730 in 4 years |
| Next board meeting | Nov 13 |
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