Small cap Auto Ancillaries Stock Paying 1000% Dividend, Gave More Than 80% Returns In 3 Months

Banco Products (India) Ltd., a Small cap Auto Ancillaries company will soon pay a final dividend of 1000%. Against the dividend, the stock shall turn ex-dividend next month. However, the company has not yet announced the record date for the same. Currently the stocks of the company trading 3.02% up. It has a market capitalization of Rs 1,616.32 crore.

1000% Final Dividend

The Board of directors of Banco Products (India) Ltd. in its meeting held on 26th May 2022, recommended the final dividend of 1400% amounting to Rs 20 per equity share of Rs 2 each.
 
The Board of Directors in its filing to the BSE & NSE has stated, "The Board of Directors has decided to recommend a dividend of20.00/-(1000%) per Equity Share of t 2.00 each, subject to approval by the shareholders in ensuing Annual General Meeting for the financial year ended on 31.03.2022."
 
Ex-Dividend Date - The ex-dividend date of the recommended 1000% final dividend is September 6, 2022.

Banco Products (India) Dividend History

The company declared its first dividend in July 2001 and maintained a good track record of dividends over the year. It has declared 29 dividends in 21 years. Out of all the 29 declared dividends, 8 were Interim dividends and 21 were final dividends including the recent one. Last year, the company also declared a final dividend of 100% amounting to Rs 2 per share.

Stock Outlook

19 August, Banco Products (India) opened at Rs 220 apiece, currently trading at 225.05 apiece, 3.02% up. The 52-week low of the stock is Rs 118.10 and the 52 week high of the stock is Rs 229.35 apiece, respectively. 

 
The ROE is 15.52%. TTM PE ratio is 11.30 and the PB ratio is 1,63. TTM EPS is 19.73. The dividend yield is 8.98% and the face value is Rs 2.

Returns on Investments

The stocks of the company surged 21.48% in the past 1 week, and 25.45% in the past 1 month, respectively. Over the past 3 months and 1 year, the stocks have surged by 80. 86% and 20.19%, whereas, in the past 3 years, the stock gave a multibagger return of 120.19%. In the past 5 years, the shares gave a positive return of 7.11%.

About - Banco Products (India) Ltd

Banco Products (India) Ltd was incorporated in 1961. The company is a supplier of high-quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades. The company offers a complete line of radiators intercoolers oil-coolers and all types of engine gaskets. BANCO supplies radiators; intercoolers and engine gaskets that are designed to meet or even exceed original equipment (OE) engineering specifications. The company has four modern manufacturing plants based at Baroda (Vadodara) Mumbai with state-of-the-art facilities for Production Design & Development and Quality Assurance. The company is an original equipment supplier to Indian automobile majors including Telco Ashok Leyland Mahindra & Mahindra Premier Auto Hindustan Motors and Maruti Udyog. 

Disclaimer

The stock has been sourced from NSE & BSE. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.