High Energy Batteries (India) Ltd Stock Analysis

BSE: 504176 | NSE: | Batteries | Small Cap

BSE Share Price Aug 18, 18:03
375.00 17.05 (4.76%)

DeciZen - Make an Informed Decision on High Energy Batterie

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

High Energy Batterie Price Chart

P/E Ratio (SA) :
17.47
Market Cap :
336.1 Cr.
52-wk low :
242
52-wk high :
506.8
Bole Toh?

1. Is High Energy Batteries (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that High Energy Batteries (India) Ltd is a average quality company.

2. Is High Energy Batteries (India) Ltd undervalued or overvalued?

The key valuation ratios of High Energy Batteries (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is High Energy Batteries (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of High Energy Batteries (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of High Energy Batterie:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
High Energy Batteries (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.7%-5.2%-5.9%-14.9%7.6%14.8%7.5%16.7%33%26.2%-
Value Creation Index -0.5-1.4-1.4-2.1-0.50.1-0.50.21.4NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 66.630.732.622.847.259.446.661.577.879.683
YoY Gr. Rt. %--53.9%6.3%-30.1%107.2%25.8%-21.5%31.9%26.6%2.2%-
Adj EPS 0.6-7.6-8.1-10.8-13.60.56.220.42021.5
YoY Gr. Rt. %--1358.3%NANANANA-86%1115.7%229.7%-2.2%-
BVPS (₹) 20.513.510.22.516.620.420.826.546.862.164.9
Adj Net Profit 0.5-6.8-7.3-9.7-0.93.30.55.618.317.919
Cash Flow from Ops. -0.3-1.33.97-32.65.211.29.216.1-
Debt/CF from Ops. -110.6-29.910.24-8.915.37.52.93.81.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2%11%19.5%2.2%
Adj EPS 47.6%NA239.7%-2.2%
BVPS 13.130.344.132.8
Share Price 29.2% 43.3% 109.2% 15%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3-44.4-68.6-169.9-10.719.72.526.355.836.733.8
Op. Profit Mgn % 10.1-11.1-9.4-28.515.919.715.516.938.536.837.2
Net Profit Mgn % 0.8-22.1-22.4-42.6-25.51923.522.523.1
Debt to Equity 1.83.34.312.21.82.22.11.40.80.4-
Working Cap Days 2375425105472632593502602292720
Cash Conv. Cycle 1754263343481201211781421471990

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.50%

Net Profit is growing at healthy rate in last 3 years 239.69%

Debt to equity has declined versus last 3 years average to 0.44

Return on Equity has declined versus last 3 years average to 33.80%

Sales growth is not so good in last 4 quarters at 3.95%

Latest Financials - High Energy Batteries (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 21.5 1.6
TTM Sales (₹ Cr.) 83.2 29.1
BVPS (₹.) 64.9 0
Reserves (₹ Cr.) 56 7
P/BV 5.78 0.00
PE 17.47 232.43
From the Market
52 Week Low / High (₹) 242.00 / 506.75
All Time Low / High (₹) 4.59 / 584.30
Market Cap (₹ Cr.) 336
Equity (₹ Cr.) 1.8
Face Value (₹) 2
Industry PE 5.2

Management X-Ray of High Energy Batterie :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of High Energy Batterie

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About High Energy Batteries (India) Ltd

Established in the year 1979, High Energy Batteries (India) is an established manufacturer of Hi Tech batteries for use in Army, Navy, Airforce and Launch Vehicles. The company also exports products to various countries.

The company has a strong base of in-house Research and Development wing to design, develop and establish manufacturing of batteries - Silver Oxide Zinc, Nickel Cadmium, Silver Chloride Magnesium for stringent applications such as Underwater propulsion, Control guidance, Communication, Emergency starting and for aerospace applications.

The company is also engaged in the Research and Development of Nickel Metal Hydride Cells, Fuel Cells and Cuprous Chloride Chemistry. The company can undertake any developmental activity and establish the technology for the manufacture of electrochemical systems for use in critical demanding applications.

Product range of the company includes:

  • Aircraft Batteries 
  • Helicopter Batteries 
  • Torpedo Batteries 
  • Aerospace Batteries 
  • Industrial Nickel Cadmium Cells 
  • Launch Vehicle Applications 
  • Rail Road & UPS Batteries 
  • Batteries for Other Applications

Achievements/ recognition:-

Certification

  • ISO 9001: 2000
  • ISO 14001: 2000

Awards

  • National Awards for R&D Efforts in Industry 2004
  • National Awards for Indigenisation
  • National Awards for R&D Efforts in Industry 1990
  • NSTL-Industry-Awards-2007
  • SMB- AWARD
  • Tech- Ab- Award
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