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

₹ 600 3.85%
22 Nov - close price
highenergyltd.co.in BSE: 504176
About

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

Key Points

Busienss Overview:[1]
HEBL is a part of Esvin group. It manufactures and exports Hi-Tech batteries for use in Army, Navy, Airforce and Launch Vehicles and also commercial batteries for Auto and Standby VRLA applications. It has an in-house Research and Development Wing to design, develop and establish manufacturing of batteries viz. Silver Oxide Zinc, Nickel Cadmium, and Silver Chloride Magnesium for Underwater propulsion, Control guidance, Communication, Emergency starting and Aerospace applications

Website BSE
  • Market Cap ₹ 538 Cr.
  • Current Price ₹ 600
  • High / Low ₹ 1,059 / 517
  • Stock P/E 42.6
  • Book Value ₹ 100
  • Dividend Yield 0.50 %
  • ROCE 27.9 %
  • ROE 22.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%

Cons

  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Earnings include an other income of Rs.5.50 Cr.

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
26.48 16.68 25.65 14.68 20.20 27.05 30.89 23.63 17.75 16.89 19.87 17.31 14.95
13.23 11.21 17.64 10.46 14.05 16.19 21.03 14.98 13.11 12.93 14.57 14.67 13.31
Operating Profit 13.25 5.47 8.01 4.22 6.15 10.86 9.86 8.65 4.64 3.96 5.30 2.64 1.64
OPM % 50.04% 32.79% 31.23% 28.75% 30.45% 40.15% 31.92% 36.61% 26.14% 23.45% 26.67% 15.25% 10.97%
0.04 0.05 0.04 0.02 0.04 0.03 0.65 0.43 0.57 1.07 1.42 1.67 1.34
Interest 1.03 0.86 0.96 0.65 0.71 0.88 0.91 0.74 0.50 0.36 0.36 0.24 0.32
Depreciation 0.29 0.28 0.28 0.29 0.30 0.31 0.30 0.31 0.30 0.26 0.11 0.20 0.21
Profit before tax 11.97 4.38 6.81 3.30 5.18 9.70 9.30 8.03 4.41 4.41 6.25 3.87 2.45
Tax % 26.40% 26.26% 30.10% 25.45% 25.87% 25.57% 25.16% 25.90% 26.08% 26.30% 24.96% 25.58% 26.53%
8.81 3.22 4.75 2.46 3.85 7.22 6.97 5.95 3.26 3.25 4.70 2.88 1.80
EPS in Rs 9.79 3.58 5.28 2.73 4.30 8.05 7.78 6.64 3.64 3.63 5.24 3.21 2.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
67 31 33 23 47 59 47 61 78 80 93 78 69
60 34 36 29 40 48 39 46 48 50 60 55 55
Operating Profit 6 -3 -3 -6 8 12 7 15 30 29 33 24 14
OPM % 10% -11% -10% -29% 16% 20% 15% 25% 39% 37% 36% 30% 20%
0 1 7 3 0 0 0 0 0 0 -1 2 6
Interest 4 6 6 5 5 6 6 6 5 4 3 2 1
Depreciation 2 2 2 1 1 1 1 1 1 1 1 1 1
Profit before tax 1 -10 -4 -11 1 5 1 9 24 25 27 23 17
Tax % 29% -36% -34% -35% 175% 29% 23% 36% 24% 27% 25% 26%
0 -6 -3 -7 -1 3 0 6 18 18 20 17 13
EPS in Rs 0.41 -6.92 -3.12 -7.64 -0.96 3.64 0.49 6.22 20.37 19.94 22.87 19.14 14.09
Dividend Payout % 48% 0% 0% 0% 0% 0% 0% 0% 15% 15% 15% 16%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 0%
TTM: -31%
Compounded Profit Growth
10 Years: 16%
5 Years: 110%
3 Years: -1%
TTM: -46%
Stock Price CAGR
10 Years: 34%
5 Years: 60%
3 Years: 19%
1 Year: 7%
Return on Equity
10 Years: 21%
5 Years: 33%
3 Years: 30%
Last Year: 22%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 17 10 7 0 13 16 17 22 40 54 72 86 88
33 40 39 28 34 40 39 33 35 25 21 5 7
15 24 20 23 31 26 25 19 18 19 21 17 12
Total Liabilities 66 76 69 53 80 84 83 75 94 99 115 109 108
20 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 0
Investments 1 1 1 0 1 1 1 1 1 1 1 2 2
46 57 52 38 46 50 50 43 62 68 76 70 68
Total Assets 66 76 69 53 80 84 83 75 94 99 115 109 108

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -1 4 7 -3 3 5 11 9 16 17 24
-0 0 7 6 -0 -0 -0 -0 -1 -1 -11 -2
1 1 -7 -17 2 1 -7 -11 -3 -17 -10 -21
Net Cash Flow 1 0 4 -4 -1 3 -2 -1 6 -1 -4 -0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64 185 117 116 108 90 130 54 85 90 113 95
Inventory Days 242 652 452 410 369 336 435 412 406 498 433 596
Days Payable 29 201 152 198 238 187 246 104 65 57 32 52
Cash Conversion Cycle 278 636 416 328 239 239 319 363 427 531 513 639
Working Capital Days 156 406 249 162 129 149 164 152 205 222 226 254
ROCE % 10% -9% -9% -19% 16% 20% 11% 25% 44% 36% 37% 28%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
40.97% 40.97% 40.97% 40.97% 41.02% 41.02% 41.02% 40.88% 40.88% 41.27% 41.27% 41.27%
7.09% 7.09% 6.65% 6.65% 6.63% 6.34% 6.34% 6.00% 6.00% 5.99% 5.99% 5.99%
51.94% 51.94% 52.38% 52.38% 52.35% 52.63% 52.64% 53.12% 53.12% 52.74% 52.73% 52.73%
No. of Shareholders 7,1547,6828,46612,06712,24012,19412,95514,33716,66317,87724,62525,170

* 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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