High Energy Batteries (India) Ltd

High Energy Bat. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

High Energy Batteries (India) Ltd

₹ 697 -0.99%
10 Jun - close price
highenergyltd.co.in BSE: 504176
About

Incorporated in 1979, High Energy Batteries (India) Ltd manufactures batteries for Defence and commercial applications[1]

Key Points

Busienss Overview:[1]
HEBL is a part of Esvin group. It manufactures and exports Hi-Tech batteries for use in Army, Navy, Airforce and Launch Vehicles and also commercial batteries for Auto and Standby VRLA applications. It has an in-house Research and Development Wing to design, develop and establish manufacturing of batteries viz. Silver Oxide Zinc, Nickel Cadmium, and Silver Chloride Magnesium for Underwater propulsion, Control guidance, Communication, Emergency starting and Aerospace applications

Website BSE
  • Market Cap ₹ 625 Cr.
  • Current Price ₹ 697
  • High / Low ₹ 875 / 420
  • Stock P/E 38.6
  • Book Value ₹ 111
  • Dividend Yield 0.43 %
  • ROCE 23.0 %
  • ROE 17.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
  • Promoter holding has increased by 1.17% over last quarter.

Cons

  • The company has delivered a poor sales growth of 5.67% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
25.65 14.68 20.20 27.05 30.89 23.63 17.75 16.89 19.87 17.31 14.95 12.66 36.08
17.64 10.46 14.05 16.19 21.03 14.98 13.11 12.93 14.57 14.67 13.31 12.11 23.56
Operating Profit 8.01 4.22 6.15 10.86 9.86 8.65 4.64 3.96 5.30 2.64 1.64 0.55 12.52
OPM % 31.23% 28.75% 30.45% 40.15% 31.92% 36.61% 26.14% 23.45% 26.67% 15.25% 10.97% 4.34% 34.70%
0.04 0.02 0.04 0.03 0.65 0.43 0.57 1.07 1.42 1.67 1.34 0.96 1.74
Interest 0.96 0.65 0.71 0.88 0.91 0.74 0.50 0.36 0.36 0.24 0.32 0.38 0.53
Depreciation 0.28 0.29 0.30 0.31 0.30 0.31 0.30 0.26 0.11 0.20 0.21 0.24 0.26
Profit before tax 6.81 3.30 5.18 9.70 9.30 8.03 4.41 4.41 6.25 3.87 2.45 0.89 13.47
Tax % 30.10% 25.45% 25.87% 25.57% 25.16% 25.90% 26.08% 26.30% 24.96% 25.58% 26.53% 25.84% 25.91%
4.75 2.46 3.85 7.22 6.97 5.95 3.26 3.25 4.70 2.88 1.80 0.67 9.99
EPS in Rs 5.28 2.73 4.30 8.05 7.78 6.64 3.64 3.63 5.24 3.21 2.01 0.75 11.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
31 33 23 47 59 47 61 78 80 93 78 81
34 36 29 40 48 39 46 48 50 60 55 62
Operating Profit -3 -3 -6 8 12 7 15 30 29 33 24 19
OPM % -11% -10% -29% 16% 20% 15% 25% 39% 37% 36% 30% 23%
1 7 3 0 0 0 0 0 0 -1 2 5
Interest 6 6 5 5 6 6 6 5 4 3 2 1
Depreciation 2 2 1 1 1 1 1 1 1 1 1 1
Profit before tax -10 -4 -11 1 5 1 9 24 25 27 23 21
Tax % -36% -34% -35% 175% 29% 23% 36% 24% 27% 25% 26% 26%
-6 -3 -7 -1 3 0 6 18 18 20 17 15
EPS in Rs -6.92 -3.12 -7.64 -0.96 3.64 0.49 6.22 20.37 19.94 22.87 19.14 17.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 15% 15% 15% 16% 18%
Compounded Sales Growth
10 Years: 10%
5 Years: 6%
3 Years: 1%
TTM: 4%
Compounded Profit Growth
10 Years: 14%
5 Years: 24%
3 Years: -3%
TTM: -10%
Stock Price CAGR
10 Years: 37%
5 Years: 74%
3 Years: 38%
1 Year: -15%
Return on Equity
10 Years: 23%
5 Years: 29%
3 Years: 23%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 10 7 0 13 16 17 22 40 54 72 86 98
40 39 28 34 40 39 33 35 25 21 5 11
24 20 23 31 26 25 19 18 19 21 17 15
Total Liabilities 76 69 53 80 84 83 75 94 99 115 109 126
18 17 15 34 33 32 31 31 30 38 38 39
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 0 1 1 1 1 1 1 1 2 3
57 52 38 46 50 50 43 62 68 76 70 84
Total Assets 76 69 53 80 84 83 75 94 99 115 109 126

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-1 4 7 -3 3 5 11 9 16 17 24 4
0 7 6 -0 -0 -0 -0 -1 -1 -11 -2 -7
1 -7 -17 2 1 -7 -11 -3 -17 -10 -21 2
Net Cash Flow 0 4 -4 -1 3 -2 -1 6 -1 -4 -0 -1

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 185 117 116 108 90 130 54 85 90 113 95 120
Inventory Days 652 452 410 369 336 435 412 406 498 433 596 644
Days Payable 201 152 198 238 187 246 104 65 57 32 52 75
Cash Conversion Cycle 636 416 328 239 239 319 363 427 531 513 639 689
Working Capital Days 406 249 162 129 149 164 152 205 222 226 254 314
ROCE % -9% -9% -19% 16% 20% 11% 25% 44% 36% 37% 28% 23%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
40.97% 40.97% 41.02% 41.02% 41.02% 40.88% 40.88% 41.27% 41.27% 41.27% 41.72% 42.90%
6.65% 6.65% 6.63% 6.34% 6.34% 6.00% 6.00% 5.99% 5.99% 5.99% 5.99% 5.99%
52.38% 52.38% 52.35% 52.63% 52.64% 53.12% 53.12% 52.74% 52.73% 52.73% 52.28% 51.10%
No. of Shareholders 8,46612,06712,24012,19412,95514,33716,66317,87724,62525,17025,28624,981

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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