High Energy Batteries (India) Ltd - Stock Valuation and Financial Performance

BSE: 504176 | NSE: | Batteries | Small Cap

High Energy Batterie Share Price

613.30 -10.20 -1.64%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on High Energy Batterie

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

High Energy Batteries (India) stock performance -

mw4me loader
P/E Ratio (SA):
28.77
Market Cap:
558.9 Cr.
52-wk low:
303
52-wk high:
750

Is High Energy Batteries (India) Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -5.2%-5.9%-14.9%7.6%14.8%7.5%16.7%33%26.2%26%-
Value Creation
Index
-1.4-1.4-2.1-0.50.1-0.50.21.40.90.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 30.732.622.847.259.446.661.577.879.692.888
Sales YoY Gr.-6.3%-30.1%107.2%25.8%-21.5%31.9%26.6%2.2%16.7%-
Adj EPS -7.6-8.1-10.8-13.60.56.220.42022.921.7
YoY Gr.-NANANANA-86%1115.7%229.7%-2.2%14.4%-
BVPS (₹) 13.510.22.516.620.420.826.546.862.18293
Adj Net
Profit
-6.8-7.3-9.7-0.93.30.55.618.317.920.519
Cash Flow from Ops. -1.33.97-32.65.211.29.216.117.3-
Debt/CF from Ops. -29.910.24-8.915.37.52.93.81.51.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.1%9.4%14.7%16.7%
Adj EPS NA44.4%54.5%14.4%
BVPS22.2%32.1%45.7%31.9%
Share Price 42% 66.4% 56% 95.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-44.4-68.6-169.9-10.719.72.526.355.836.731.724.8
Op. Profit
Mgn %
-11.1-9.4-28.515.919.715.516.938.536.832.630.8
Net Profit
Mgn %
-22.1-22.4-42.6-25.51923.522.522.122
Debt to
Equity
3.34.312.21.82.22.11.40.80.40.3-
Working Cap
Days
542510547263259350260229272267144
Cash Conv.
Cycle
42633434812012117814214719921283

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.72%

Net Profit is growing at healthy rate in last 3 years 54.49%

Debt to equity has declined versus last 3 years average to 0.28

Return on Equity has declined versus last 3 years average to 24.80%

Sales growth is not so good in last 4 quarters at 7.06%

Latest Financials - High Energy Batteries (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 21.7 1.6
TTM Sales (₹ Cr.) 88.2 29.1
BVPS (₹.) 93 0
Reserves (₹ Cr.) 82 7
P/BV 6.70 0.00
PE 28.77 386.45
From the Market
52 Week Low / High (₹) 303.00 / 750.00
All Time Low / High (₹) 4.59 / 750.00
Market Cap (₹ Cr.) 559
Equity (₹ Cr.) 1.8
Face Value (₹) 2
Industry PE 27.6

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

Key Ratios of High Energy Batterie

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales31332347594761788093
Operating Expenses 34362940483951485063
Manufacturing Costs3323434345
Material Costs18211524282125262631
Employee Cost 7768101011121516
Other Costs 666665116511
Operating Profit -3-3-6812710302930
Operating Profit Margin (%) -11.1%-9.7%-28.5%15.9%19.7%15.4%16.9%38.5%36.8%32.6%
Other Income 1000005002
Interest 6655666543
Depreciation 2211111111
Exceptional Items 0620000000
Profit Before Tax -10-4-111519242527
Tax -4-1-42103677
Profit After Tax -6-3-7-1306181820
PAT Margin (%) -20.3%-8.6%-30.2%-1.8%5.5%0.9%9.1%23.5%22.6%22.1%
Adjusted EPS (₹)-6.9-3.1-7.7-1.03.70.56.320.520.022.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%15%15%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 129215181924425673
Share Capital 2222222222
Reserves 107013161722405472
Minority Interest0000000000
Debt37372827403832312421
Long Term Debt10009910300
Short Term Debt37372827312922282421
Trade Payables10981614147543
Others Liabilities 141071981011161417
Total Liabilities 736545778180749498115

Fixed Assets

Gross Block36363635353636373748
Accumulated Depreciation1819211345678
Net Fixed Assets18171534333231313040
CWIP 0000000000
Investments 1101111111
Inventories32261724262528293535
Trade Receivables161071415179182029
Cash Equivalents 2621411652
Others Assets5533344978
Total Assets 736545778180749498115

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -147-3351191617
PBT -10-4-111519242527
Adjustment 7125677656
Changes in Working Capital 2716-10-8-2-4-20-7-9
Tax Paid 0000000-1-7-7
Cash Flow From Investing Activity 0760000-1-1-11
Capex 0760000-10-11
Net Investments 000000000-1
Others 0000000000
Cash Flow From Financing Activity 1-7-1721-7-11-3-17-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-1-20000000
Interest Paid -6-6-5-4-5-6-6-5-4-3
Dividend Paid 00000000-3-3
Others 91-965-2-62-10-4
Net Cash Flow 04-4-13-2-16-1-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-40.85-26.43-120.48-10.0619.852.3726.4455.836.7731.73
ROCE (%)-7.653.77-13.0317.6921.0710.5325.4243.8436.3835.1
Asset Turnover Ratio0.460.490.420.790.760.580.80.930.830.87
PAT to CFO Conversion(x)N/AN/AN/AN/A1INF1.830.50.890.85
Working Capital Days
Receivable Days155141139818712277648795
Inventory Days340314339158153199157133147139
Payable Days134164202184195248154826141

High Energy Batteries (India) Ltd Stock News

High Energy Batteries (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of High Energy Batterie on 28-Mar-2024 16:01 is ₹613.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of High Energy Batterie stood at ₹558.9.
The latest P/E ratio of High Energy Batterie as of 28-Mar-2024 16:01 is 28.77.
The latest P/B ratio of High Energy Batterie as of 28-Mar-2024 16:01 is 6.70.
The 52-week high of High Energy Batterie is ₹750.0 and the 52-week low is ₹303.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of High Energy Batterie is ₹88.15 ( Cr.) .

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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