Banco Products India Announces Second Interim Dividend for FY26 as Shares Slip

Banco Products (India) said its board declared a Second Interim Dividend for FY26. The decision came at a board meeting held on 13th March, 2026. After the update, BANCOINDIA shares ended lower on the NSE. The stock closed at Rs 551.00, down 4.22% from Rs 575.25.

The company’s market capitalisation stood at Rs 7.87KCr after the close. The dividend announcement and the price move arrived on the same day. Investors tracked both the payout timeline and the near-term trading levels. Key trading and valuation details are summarised below.

Metric	Detail
NSE close (13th March, 2026)	Rs 551.00
Previous close	Rs 575.25
Day change	-4.22%
Market cap	Rs 7.87KCr

"We would like to inform that the Board of Directors of Banco Products (India) Limited at its meeting held on 13th March, 2026, have inter-alia considered and declared a Second Interim Dividend of Rs. 8/- (400%) per Equity Share of Rs. 2/- each for the Financial Year 2025-26. Accordingly, the Board has fixed Thursday, 19th March, 2026 as a record date for determining entitlement of members for the purpose of payment of Second Interim Dividend. The payment of dividend will be made on or after Wednesday, 25th March, 2026," confirmed Banco Products (India) in a regulatory statement.

Buy between Rs. 540 to 550, Stop Loss Rs. 49, Target Rs. 635

"Banco Products (India) Ltd boasts a stellar Return on Equity (ROE) exceeding 33% and maintains a virtually debt-free balance sheet (debt-to-equity ratio of 0.01). While Q3 FY26 witnessed a sequential revenue dip, net profit showcased a staggering 177% year-on-year growth, underlining strong operational efficiency and pricing power. The board has approved second interim dividend of ₹8 per share with record date March 19, 2026 and payment scheduled on or after March 25, 2026. All technical indicators exhibit weakness, with RSI below 40, but the stock is forming a base at the very important level of Rs. 540 to 550, which acts as a make of break level," commented Market Wizard's Adib Noorani.

Banco Products (India), based in Vadodara, supplies parts used in automotive and industrial applications. The company makes sealing solutions, including gaskets, and engine cooling modules. These include radiators and oil coolers. The update on the second interim dividend set the dates for eligibility and payment.

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