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High Energy Batterie Overview

High Energy Batteries (India) Ltd engages within the layout, development, manufacture, and sale of batteries for air force, army, navy, and launch motors in India. The organization operates in two segments: Aerospace, Naval and Power System Batteries; and Lead Acid Storage Batteries. It offers silver zinc, silver chloride magnesium, nickel cadmium, and lead acid batteries. The agency also gives plane, torpedo, missile, and helicopter batteries for defense applications; automobile and truck batteries; and industrial batteries for auto and standb...Read More

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High Energy Batterie Key Financials

Market Cap ₹489 Cr.

Stock P/E 31.9

P/B 4.9

Current Price ₹545.3

Book Value ₹ 110.9

Face Value 2

52W High ₹830.4

Dividend Yield 0.55%

52W Low ₹ 420.1

High Energy Batterie Share Price

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Volume
Price

High Energy Batterie Quarterly Price

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High Energy Batterie Peer Comparison

High Energy Batterie Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 24 18 17 20 17 15 13 36 13 17
Other Income 0 1 1 1 2 1 1 2 1 4
Total Income 24 18 18 21 19 16 14 38 14 21
Total Expenditure 15 13 13 15 15 13 12 24 13 18
Operating Profit 9 5 5 7 4 3 2 14 2 3
Interest 1 1 0 0 0 0 0 1 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 8 4 4 6 4 2 1 13 1 3
Provision for Tax 2 1 1 2 1 1 0 3 0 1
Profit After Tax 6 3 3 5 3 2 1 10 1 2
Adjustments 0 -0 -0 -0 0 0 0 -0 0 0
Profit After Adjustments 6 3 3 5 3 2 1 10 1 2
Adjusted Earnings Per Share 6.6 3.6 3.6 5.2 3.2 2 0.7 11.1 0.9 2.2

High Energy Batterie Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 33 23 47 59 47 61 78 80 93 78 81 79
Other Income 0 0 0 0 0 5 0 0 2 5 6 8
Total Income 33 23 47 60 47 67 78 80 94 83 87 87
Total Expenditure 36 29 40 48 39 51 48 50 63 57 64 67
Operating Profit -3 -6 8 12 7 16 30 30 32 26 23 21
Interest 6 5 5 6 6 6 5 4 3 2 1 1
Depreciation 2 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 6 2 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -4 -11 1 5 1 9 24 25 27 23 21 18
Provision for Tax -1 -4 2 1 0 3 6 7 7 6 5 4
Profit After Tax -3 -7 -1 3 0 6 18 18 20 17 15 14
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -3 -7 -1 3 0 6 18 18 20 17 15 14
Adjusted Earnings Per Share -3.1 -7.7 -1 3.7 0.5 6.2 20.4 20 22.9 19.1 17.1 14.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 0% 6% 9%
Operating Profit CAGR -12% -8% 8% 0%
PAT CAGR -12% -6% 20% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -21% 22% 39% 34%
ROE Average 16% 23% 32% 5%
ROCE Average 22% 28% 33% 21%

High Energy Batterie Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 2 15 18 19 24 42 56 73 88 100
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 9 9 10 3 0 0 0 0
Other Non-Current Liabilities -1 -3 10 4 -1 2 6 5 4 4 4
Total Current Liabilities 56 45 51 50 53 38 43 38 37 17 22
Total Liabilities 65 45 77 81 80 74 94 98 115 108 125
Fixed Assets 17 15 34 33 32 31 31 30 38 38 39
Other Non-Current Assets 1 0 1 2 2 1 3 3 2 3 4
Total Current Assets 47 29 42 46 47 42 60 66 74 67 83
Total Assets 65 45 77 81 80 74 94 98 115 108 125

High Energy Batterie Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 6 2 0 3 1 0 6 4 1 1
Cash Flow from Operating Activities 4 7 -3 3 5 11 9 16 17 24 4
Cash Flow from Investing Activities 7 6 -0 -0 -0 -0 -1 -1 -11 -2 -7
Cash Flow from Financing Activities -7 -17 2 1 -7 -11 -3 -17 -10 -21 2
Net Cash Inflow / Outflow 4 -4 -1 3 -2 -1 6 -1 -4 -0 -1
Closing Cash & Cash Equivalent 6 2 1 3 1 0 6 4 1 1 0

High Energy Batterie Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -3.14 -7.67 -0.96 3.66 0.49 6.25 20.45 20.02 22.86 19.14 17.1
CEPS(Rs) -1.42 -6.31 0.51 5.1 1.87 7.54 21.7 21.29 24.19 20.23 18.12
DPS(Rs) 0 0 0 0 0 0 3 3 3.5 3 3
Book NAV/Share(Rs) 10.21 2.53 16.56 20.36 20.77 26.5 46.78 62.13 81.97 97.84 111.11
Core EBITDA Margin(%) -9.46 -27.96 15.66 19.57 15.43 16.91 38.5 36.75 32.57 26.47 21.42
EBIT Margin(%) 5.65 -22.06 13.25 17.65 13.07 23.54 37.4 35.85 33 32.09 27.37
Pre Tax Margin(%) -12.8 -45.65 2.38 7.76 1.21 14.33 30.82 31.1 29.61 29.58 25.54
PAT Margin (%) -8.38 -29.62 -1.79 5.5 0.94 9.11 23.55 22.56 22.08 21.96 18.93
Cash Profit Margin (%) -3.8 -24.36 0.96 7.66 3.59 11 24.99 23.99 23.36 23.2 20.05
ROA(%) -4.07 -12.54 -1.41 4.17 0.54 7.25 21.84 18.7 19.25 15.4 13.13
ROE(%) -26.43 -120.48 -10.06 19.85 2.37 26.44 55.8 36.77 31.73 21.29 16.37
ROCE(%) 3.77 -13.03 17.69 21.07 10.53 25.42 43.84 36.38 35.1 26.85 21.8
Receivable days 141.39 138.72 80.65 87.49 122.4 76.59 64.28 87.01 95.07 114.56 106.18
Inventory Days 314.18 339.06 157.76 152.58 198.75 157.03 133.2 147.42 139.19 173.21 177.29
Payable days 164.13 201.83 183.85 194.67 248.18 153.8 82.14 60.9 40.76 46.27 64.53
PER(x) 0 0 0 22.4 95.95 6.62 8.02 15.14 14.07 31.41 29.37
Price/Book(x) 2.98 11.05 2.55 4.03 2.25 1.56 3.51 4.88 3.93 6.14 4.52
Dividend Yield(%) 0 0 0 0 0 0 1.83 0.99 1.09 0.5 0.6
EV/Net Sales(x) 1.86 2.25 1.36 1.85 1.7 1.12 2.26 3.67 3.32 6.93 5.66
EV/Core EBITDA(x) -20.45 -8.11 8.36 9.29 10.84 4.39 5.82 9.83 9.68 20.8 19.86
Net Sales Growth(%) 6.33 -30.15 107.16 25.81 -21.48 31.91 26.58 2.21 16.69 -15.83 3.66
EBIT Growth(%) 148.04 -370.54 224.17 65.59 -42.17 137.62 101.14 -2.04 7.42 -18.15 -11.6
PAT Growth(%) 54.84 -144.71 87.49 481.71 -86.72 1183.96 227.2 -2.07 14.18 -16.28 -10.66
EPS Growth(%) 54.84 -144.71 87.49 481.71 -86.72 1183.96 227.2 -2.07 14.18 -16.28 -10.66
Debt/Equity(x) 4.31 12.23 1.82 2.18 2.1 1.37 0.83 0.44 0.28 0.05 0.11
Current Ratio(x) 0.84 0.65 0.81 0.94 0.88 1.11 1.39 1.74 1.98 4.01 3.77
Quick Ratio(x) 0.38 0.26 0.35 0.42 0.41 0.37 0.72 0.8 1.04 1.7 1.95
Interest Cover(x) 0.31 -0.94 1.22 1.78 1.1 2.56 5.68 7.54 9.73 12.77 14.95
Total Debt/Mcap(x) 1.45 1.11 0.71 0.54 0.93 0.88 0.24 0.09 0.07 0.01 0.03

High Energy Batterie Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 41.03 40.89 40.89 41.28 41.28 41.28 41.73 42.9 42.9 42.9
FII 0 0 0 0 0 0 0 0 0 0
DII 6.34 6 6 5.99 5.99 5.99 5.99 5.99 6.42 6.42
Public 52.63 53.12 53.12 52.73 52.73 52.73 52.28 51.1 50.68 50.68
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

High Energy Batterie News

High Energy Batterie Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 42.9%.
  • Debtor days have increased from 46.27 to 64.53days.
  • Stock is trading at 4.9 times its book value.
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