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Banco Products (India) Limited (NSE:BANCOINDIA) Has Attractive Fundamentals

Simply Wall St

Attractive stocks have exceptional fundamentals. In the case of Banco Products (India) Limited (NSE:BANCOINDIA), there's is a notable dividend payer that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Banco Products (India) here.

Flawless balance sheet average dividend payer

BANCOINDIA's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This suggests prudent control over cash and cost by management, which is a crucial insight into the health of the company. BANCOINDIA's has produced operating cash levels of 1.63x total debt over the past year, which implies that BANCOINDIA's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.

NSEI:BANCOINDIA Historical Debt, April 18th 2019

Income investors would also be happy to know that BANCOINDIA is one of the highest dividend payers in the market, with current dividend yield standing at 6.6%. BANCOINDIA has also been regularly increasing its dividend payments to shareholders over the past decade.

NSEI:BANCOINDIA Historical Dividend Yield, April 18th 2019

Next Steps:

For Banco Products (India), there are three fundamental aspects you should further research:

  1. Future Outlook: What are well-informed industry analysts predicting for BANCOINDIA’s future growth? Take a look at our free research report of analyst consensus for BANCOINDIA’s outlook.
  2. Historical Performance: What has BANCOINDIA's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of BANCOINDIA? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.