High Energy Batteries (India) Ltd
High Energy Batteries (India) Limited is engaged in the business of manufacturing Hi-Tech batteries for use in Army, Navy, Airforce and Launch Vehicles and also commercial batteries for Auto and Standby VRLA applications. [1]
- Market Cap ₹ 275 Cr.
- Current Price ₹ 307
- High / Low ₹ 480 / 242
- Stock P/E 15.1
- Book Value ₹ 66.4
- Dividend Yield 0.98 %
- ROCE 36.4 %
- ROE 36.8 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 87.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.7%
Cons
* 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
35 | 56 | 67 | 31 | 33 | 23 | 47 | 59 | 47 | 61 | 78 | 80 | 88 | |
33 | 49 | 60 | 34 | 36 | 29 | 40 | 48 | 39 | 46 | 48 | 50 | 58 | |
Operating Profit | 2 | 7 | 6 | -3 | -3 | -6 | 8 | 12 | 7 | 15 | 30 | 29 | 29 |
OPM % | 6% | 12% | 10% | -11% | -10% | -29% | 16% | 20% | 15% | 25% | 39% | 37% | 33% |
2 | 0 | 0 | 1 | 7 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest | 4 | 5 | 4 | 6 | 6 | 5 | 5 | 6 | 6 | 6 | 5 | 4 | 3 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | -1 | 1 | 1 | -10 | -4 | -11 | 1 | 5 | 1 | 9 | 24 | 25 | 25 |
Tax % | 69% | 28% | 29% | 36% | 34% | 35% | 175% | 29% | 23% | 36% | 24% | 27% | |
Net Profit | -0 | 0 | 0 | -6 | -3 | -7 | -1 | 3 | 0 | 6 | 18 | 18 | 18 |
EPS in Rs | -0.49 | 0.43 | 0.41 | -6.92 | -3.12 | -7.64 | -0.96 | 3.64 | 0.49 | 6.22 | 20.37 | 19.94 | 20.36 |
Dividend Payout % | 0% | 0% | 48% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 11% |
3 Years: | 20% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 47% |
5 Years: | 87% |
3 Years: | 244% |
TTM: | 0% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 30% |
3 Years: | 97% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 33% |
3 Years: | 41% |
Last Year: | 37% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
Reserves | 16 | 16 | 17 | 10 | 7 | 0 | 13 | 16 | 17 | 22 | 40 | 54 | 58 |
27 | 27 | 33 | 40 | 39 | 28 | 34 | 40 | 39 | 33 | 35 | 25 | 28 | |
23 | 22 | 15 | 24 | 20 | 23 | 31 | 26 | 25 | 19 | 18 | 19 | 16 | |
Total Liabilities | 68 | 67 | 66 | 76 | 69 | 53 | 80 | 84 | 83 | 75 | 94 | 99 | 103 |
22 | 21 | 20 | 18 | 17 | 15 | 34 | 33 | 32 | 31 | 31 | 30 | 30 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
45 | 46 | 46 | 57 | 52 | 38 | 46 | 50 | 50 | 43 | 62 | 68 | 71 | |
Total Assets | 68 | 67 | 66 | 76 | 69 | 53 | 80 | 84 | 83 | 75 | 94 | 99 | 103 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 6 | -0 | -1 | 4 | 7 | -3 | 3 | 5 | 11 | 9 | 16 | |
2 | -0 | -0 | 0 | 7 | 6 | -0 | -0 | -0 | -0 | -1 | -0 | |
-3 | -5 | 1 | 1 | -7 | -17 | 2 | 1 | -7 | -11 | -3 | -17 | |
Net Cash Flow | 0 | 0 | 1 | 0 | 4 | -4 | -1 | 3 | -2 | -1 | 6 | -1 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 139 | 65 | 64 | 185 | 117 | 116 | 108 | 90 | 130 | 54 | 85 | 90 |
Inventory Days | 443 | 325 | 242 | 652 | 452 | 410 | 369 | 336 | 435 | 412 | 406 | 498 |
Days Payable | 182 | 99 | 29 | 201 | 152 | 198 | 238 | 187 | 246 | 104 | 65 | 57 |
Cash Conversion Cycle | 400 | 291 | 278 | 636 | 416 | 328 | 239 | 239 | 319 | 363 | 427 | 531 |
Working Capital Days | 259 | 158 | 156 | 406 | 249 | 162 | 129 | 149 | 164 | 152 | 205 | 222 |
ROCE % | 1% | 12% | 10% | -9% | -9% | -19% | 16% | 20% | 11% | 25% | 44% | 36% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Meeting Updates
18 Mar - The Board of the Company at its Meeting held on 18th March, 2023 has inter-alia considered and approved the appointment of Shri V Suresh, FCS …
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Announcement under Regulation 30 (LODR)-Meeting Updates
18 Mar - Re-Appointment of Dr. G.A. Pathanjali [DIN: 05297665] as Managing Director of the Company for three years from 01st April 2023 to 31st March 2026.
- Intimation Of The Voting Results Of Postal Ballot (Remote E-Voting) As Per Regulation 44(3) Of The SEBI (LODR) Regulations, 2015 13 Mar
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Feb - HIGH ENERGY BATTERIES (INDIA) LIMITED has informed BSE regarding the newspaper publication of Postal Ballot Notice.
Annual reports
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Financial Year 2022
from bse
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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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Financial Year 2010
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Products
The Co manufactures Aircraft Batteries, Torpedo Batteries, Missiles, and Helicopter Batteries for the Defence sector, Car batteries and Truck batteries for the automotive sector, VRLA Batteries among others. [1]
Revenue Split
Silver Zinc Batteries & Cells: 97% in FY21 vs 99% in FY20.
Nickel Cadmium Cells: 3% in FY21 vs 1% in FY20.[2]