High Energy Batteries (India) Ltd
₹ 798
-2.00%
30 Jun
- close price
About
Incorporated in 1979, High Energy Batteries (India) Ltd manufactures batteries for Defence and commercial applications[1]
Key Points
- Market Cap ₹ 715 Cr.
- Current Price ₹ 798
- High / Low ₹ 849 / 420
- Stock P/E 44.1
- Book Value ₹ 111
- Dividend Yield 0.38 %
- ROCE 23.0 %
- ROE 17.3 %
- Face Value ₹ 2.00
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
- Stock is trading at 7.18 times its book value
- 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.
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Quarterly Results
Figures in Rs. Crores
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: | 39% |
5 Years: | 79% |
3 Years: | 44% |
1 Year: | -4% |
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% |
Documents
Announcements
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Closure of Trading Window
27 Jun - Trading window closed from July 1, 2025, till 48 hours after Q1 results announcement.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
21 Jun - 64th AGM held on 21 June 2025; all 4 resolutions passed unanimously including dividend and director appointment.
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Announcement under Regulation 30 (LODR)-Change in Management
21 Jun - Appointment of M/s. V Suresh Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30.
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Announcement under Regulation 30 (LODR)-Change in Directorate
21 Jun - Reappointment of Mr. N Gopalaratnam as Chairman and Director approved at AGM on 21.06.2025.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
21 Jun - 64th AGM: Rs.3 dividend declared; FY25 turnover Rs.80.75 Cr; director reappointed; secretarial auditor appointed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:
The company manufactures high-tech batteries for defense and other applications. It boasts a strong in-house R&D foundation, enabling it to design, develop, and establish the manufacture of alkaline electrolyte-based silver-zinc, nickel-cadmium, and seawater-based silver-chloride magnesium batteries. These batteries are crucial for power-intensive applications such as underwater propulsion, control guidance, communication, emergency starting, rail-road, industrial, and aerospace applications.[1]