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

₹ 307 -1.96%
29 Mar - close price
highenergyltd.co.in BSE: 504176
About

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]

Key Points

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]

Website BSE
  • 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
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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

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
17.69 9.76 3.89 30.16 20.55 23.24 10.75 26.48 16.68 25.65 14.68 20.20 27.05
12.79 8.24 4.56 14.64 13.98 14.54 8.00 13.23 11.21 17.64 10.46 14.05 16.19
Operating Profit 4.90 1.52 -0.67 15.52 6.57 8.70 2.75 13.25 5.47 8.01 4.22 6.15 10.86
OPM % 27.70% 15.57% -17.22% 51.46% 31.97% 37.44% 25.58% 50.04% 32.79% 31.23% 28.75% 30.45% 40.15%
0.01 0.04 0.03 0.05 0.01 0.03 0.05 0.04 0.05 0.04 0.02 0.04 0.03
Interest 1.46 1.35 1.17 1.29 1.25 1.42 0.93 1.03 0.86 0.96 0.65 0.71 0.88
Depreciation 0.28 0.32 0.28 0.27 0.28 0.30 0.28 0.29 0.28 0.28 0.29 0.30 0.31
Profit before tax 3.17 -0.11 -2.09 14.01 5.05 7.01 1.59 11.97 4.38 6.81 3.30 5.18 9.70
Tax % 24.61% -90.91% 23.92% 24.34% 17.43% 26.68% 27.04% 26.40% 26.26% 30.10% 25.45% 25.87% 25.57%
Net Profit 2.39 -0.21 -1.59 10.60 4.18 5.14 1.17 8.81 3.22 4.75 2.46 3.85 7.22
EPS in Rs 2.66 -0.23 -1.77 11.78 4.64 5.71 1.30 9.79 3.58 5.28 2.73 4.30 8.05
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.97 40.97 40.97 40.97 40.97 40.97 40.97 40.97 40.97 40.97 40.97 41.02
9.69 9.69 8.74 7.09 7.09 7.09 7.09 7.09 7.09 6.65 6.65 6.63
49.34 49.34 50.29 51.94 51.94 51.94 51.94 51.94 51.94 52.38 52.38 52.35

* 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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