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High Energy Batteries India Ltd

₹ 545-2.83%
16 Jan 4:01 p.m. – close price
🔗highenergyltd.co.in•BSE: 504176•NSE:
Market Cap₹ 489 Cr.
Current Price₹ 545
High / Low₹ 830
Stock P/E36.4
Book Value₹ 111
Dividend Yield0.55 %
ROCE23.0 %
ROE17.3 %
Face Value₹ 2.00
Sales₹ 79.3 Cr.
OPM16.5 %
Mar Cap₹ 489 Cr.

ABOUT

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

KEY POINTS

Business Overview:The company manufactureshigh-tech batteriesfor defense and other applications. It boasts a strong in-house R&D foundation, enabling it to design, develop, and establish the manufacture ofalkaline electrolyte-based silver-zinc, nickel-cadmium, and seawater-based silver-chloride magnesium batteries.These batteries are crucial for power-intensive applications such asunderwater propulsion, control guidance, communication, emergency starting, rail-road, industrial, and aerospace applications.[1]

Also present in buckets:
Excellent ResultsAsset Base ExpansionCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Jyothy Labs254.7526.619356.611.3787.76-16.36736.060.4137.112856.9416.46351.6187.766.5019.500.04
2.Eveready Inds.320.6530.872330.710.47-7.91-46.14386.786.6716.961393.4611.3175.5015.924.938.050.75
3.High Energy Bat.545.4536.35488.940.552.0111.6717.3015.7222.9579.3116.4813.452.014.9213.770.22
4.Indo National391.70–296.711.271.13-47.93119.60-6.2532.94457.78-1.39-9.841.130.7318.460.10
5.Panasonic Energy303.2535.82227.443.111.92-52.4868.640.0017.59263.444.616.351.922.208.410.01
6.Pee Cee Cosma353.6511.6693.710.851.46-45.1132.645.4925.73142.247.858.041.461.7716.320.09
7.Yuvraaj Hygiene8.5713.2177.700.001.17-15.229.94-8.39103.6645.3116.605.881.1724.5154.354.66
–Median: 5 Co.320.6533.34488.941.271.92-46.14119.60.4122.95457.7811.3113.452.014.9213.770.1

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
20.2027.0530.8923.6317.7516.8919.8717.3114.9512.6636.0813.2717.30
Expenses
14.0516.1921.0314.9813.1112.9314.5714.6713.3112.1123.5612.5318.04
Operating Profit
6.1510.869.868.654.643.965.302.641.640.5512.520.74-0.74
Other Income
0.040.030.650.430.571.071.421.671.340.961.740.914.10
Profit before tax
5.189.709.308.034.414.416.253.872.450.8913.471.052.71
Tax %
25.87%25.57%25.16%25.90%26.08%26.30%24.96%25.58%26.53%25.84%25.91%25.71%25.46%
Net Profit
3.857.226.975.953.263.254.702.881.800.679.990.782.01
EPS in Rs
4.308.057.786.643.643.635.243.212.010.7511.140.872.24

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
31332347594761788093788179
Expenses
34362940483946485060556266
Operating Profit
-3-3-6812715302933241913
Other Income
173000000-1258
Interest
6655666543212
Depreciation
2211111111111
Profit before tax
-10-4-111519242527232118
Net Profit
-6-3-7-1306181820171513
EPS in Rs
-6.92-3.12-7.64-0.963.640.496.2220.3719.9422.8719.1417.1015.00
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:15%

Compounded Profit Growth

10 Years:14%
5 Years:24%
3 Years:-3%
TTM:6%

Stock Price CAGR

10 Years:32%
5 Years:35%
3 Years:19%
1 Year:-8%

Return on Equity

10 Years:23%
5 Years:29%
3 Years:23%
Last Year:17%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
2222222222222
Reserves
107013161722405472869898
Borrowings
4039283440393335252151121
Other Liabilities
24202331262519181921171515
Total Liabilities
766953808483759499115109126136
Fixed Assets
18171534333231313038383939
Gross Block
36.3835.9235.9635.1335.4235.5836.0436.9537.4048.2150.1353.01–
Accumulated Depreciation
17.9619.3720.591.322.613.845.006.127.2010.3212.2414.21–
CWIP
0000000000000
Investments
1101111111233
Other Assets
57523846505043626876708494
Total Assets
766953808483759499115109126136

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-147-3351191617244
Cash from Investing Activity
076-0-0-0-0-1-1-11-2-7
Cash from Financing Activity
1-7-1721-7-11-3-17-10-212
Net Cash Flow
04-4-13-2-16-1-4-0-1

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
1851171161089013054859011395120
Inventory Days
652452410369336435412406498433596644
Days Payable
2011521982381872461046557325275
Cash Conversion Cycle
636416328239239319363427531513639689
Working Capital Days
-30-167-283-81-42-602156109144232263
ROCE %
-9%-9%-19%16%20%11%25%44%36%37%28%23%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
41.02%41.02%41.02%40.88%40.88%41.27%41.27%41.27%41.72%42.90%42.90%42.90%42.90%
FIIs
–––––––––––––
DIIs
6.63%6.34%6.34%6.00%6.00%5.99%5.99%5.99%5.99%5.99%6.41%6.41%6.41%
Public
52.35%52.63%52.64%53.12%53.12%52.74%52.73%52.73%52.28%51.10%50.68%50.68%50.68%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Seshasayee Paper acquires 0.061% stake in High Energy Batteries via Open Market

30th March 2026, 11:29 pm

Seshasayee Paper Increases Stake in High Energy Batteries

30th March 2026, 11:15 pm

Seshasayee Paper Acquires 0.066% Stake in High Energy Batteries

28th March 2026, 10:06 pm

High Energy Batteries Board Committees Reconstituted

28th March 2026, 8:13 pm

High Energy Batteries Announces Independent Director Change

28th March 2026, 8:03 pm

Published by Other Websites

External media mentions & references

Female Investor Shivani Trivedi Invests in Two Profit-Struggling Companies

8th November 2025, 7:34 am

High Energy Batteries Q3 Profit Skyrockets 650% on Aerospace Boom
Dhanashree Investments Buys 0.02% Stake in High Energy Batteries
High Energy Batteries Shareholders Approve MD Re-election, Board Additions
High Energy Batteries Seeks Shareholder Vote for Key Director Appointments

News Articles

Editorial & research coverage

Female Investor Shivani Trivedi Invests in Two Profit-Struggling Companies
Female Investor Shivani Trivedi Invests in Two Profit-Struggling Companies

8th November 2025, 7:34 am

High Energy Batteries Q3 Profit Skyrockets 650% on Aerospace Boom
High Energy Batteries Q3 Profit Skyrockets 650% on Aerospace Boom

Documents

Announcements

Final Report On Re-Lodgement Of Transfer Requests Of Physical Shares

12 Jan - 01-Dec-2025 to 06-Jan-2026 report: no physical transfer requests; special-window ads published 08/08, 17/10, 13/12/2025.

Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2025

10 Jan - Board meeting on Jan 31, 2026 to approve unaudited Q3 and nine-month results ended Dec 31, 2025.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

7 Jan - Certificate under SEBI Reg 74(5) for quarter ended 31 Dec 2025 from RTA Cameo.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication

15 Dec 2025 - Newspaper Advertisement regarding Special Window for Re-lodgement of Transfer Requests of Physical shares

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

29 Aug 2025 from fitch

Rating update

31 May 2024 from fitch

Rating update

24 Dec 2021 from brickwork

Rating update

8 Dec 2021 from fitch

Rating update

15 Mar 2021 from brickwork

Rating update

27 Mar 2020 from brickwork

Concalls

No concalls.

Stock Analysis

Description

  1. High Energy Batteries (India) Limited operates in the battery manufacturing sector, with its primary focus on Aerospace, Naval, and Power System Batteries. The company's Lead Acid Storage Batteries division remains suspended.

Key Growth Triggers

  1. The Aerospace, Naval and Power System Batteries segment continues to be the primary driver for the company. A credit rating upgrade to 'IND BBB/Stable' by India Ratings & Research Private Limited indicates improved financial stability.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. The first half of FY26 reported a significant 40.2% YoY decline in net profit and reduced EPS. The company's balance sheet shows increased borrowings and net debt. The Lead Acid Storage Batteries division is suspended.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

30th Mar 26
Impact Rating: 7
In a disclosure filed on March 30, 2026, Seshasayee Paper and Boards Limited announced the acquisition of 5,461 equity shares in High Energy Batteries (India) Limited for Rs. 514.39 each.
30th Mar 26
Impact Rating: 6
Seshasayee Paper and Boards Limited announced the acquisition of 5,461 equity shares in High Energy Batteries (India) Limited on March 30, 2026. This open market purchase increases its stake to 17.94%.
28th Mar 26
Impact Rating: 7
On March 27, 2026, Seshasayee Paper and Boards Limited bought 5,921 shares of High Energy Batteries (India) Limited, raising its holding to 17.876%.
28th Mar 26
Impact Rating: 4
High Energy Batteries has reconstituted its board committees like Audit and Nomination & Remuneration, effective April 1, 2026, based on recent director appointments and re-appointments.
28th Mar 26
Impact Rating: 5
High Energy Batteries (India) Limited is changing its Independent Director. Mrs. Lalitha Lakshmanan completes her tenure on March 31, 2026. Mrs. Jayashree Ajit Shankar will be appointed Woman Independent Director from April 1, 2026, for a five-year term.