Rs. 8/- (400%) Dividend: 19th March Serving As Record Date; Buy Banco Products (India) Shares?

Banco Products (India) has announced that the Board of Directors of the company, at its meeting held on 13th March, 2026, has, inter alia, considered and declared a Second Interim Dividend for FY26. Following the announcement, Banco Products (India) Ltd (BANCOINDIA) shares closed at Rs 551.00 on Friday - 13th March, marking a 4.22% decline from the previous close of Rs 575.25 on the NSE. The market cap of the company reached Rs 7.87KCr.

Banco Products (India) Dividend

"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.

Banco Products (India) Target Price

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.

About Banco Products (India)

For the automotive and industrial industries, Banco Products (India) headquartered in Vadodara is a top producer and supplier of sealing solutions (gaskets) and engine cooling modules (radiators, oil coolers).

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