Banco Products Ltd Long Term Buy Call: Sovid Gupta, FairWealth Securities

The company's OEM customers include TELCO, TVS Suzuki, Ashok Leyland, Mahindra & Mahindra, Maruti Udyog and the Railways. BPIL also enjoys a presence in the replacement market. Its parts out blocks and products areofsold under and brand names, Banco Royal (gaskets) and Banco (radiators). It has a capacity to financial collaboration with 1.4 lac radiators.

The Company signed an agreement with Japan Metal Gaskets Co., Japan to get the know how of Multi Layer Steel Gaskets (MLS) which is considered one of the advanced gasketing technology. For design support Elring Klinger, Germany is providing consultancy for non-retorque Cylinder Head Gasket manufacturing.

Company has four modern manufacturing plants based at Baroda (Vadodara). Last year, company commissioned assembly plant for radiators at Jamshedpur mainly to cater the requirements of TATA motors.

Banco Products is manufacturer of gaskets in UV and fibre steel and copper designs for automotive, agricultural vehicles, diesel commercial vehicles, as well as for automotive vehicles. The company is a radiator manufacturer and radiator exporter in India.

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