Past 10 year's financial track record analysis by Moneyworks4me indicates that High Energy Batteries (India) Ltd is a good quality company.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.8% | -13% | 17.7% | 21.1% | 10.5% | 25.4% | 43.8% | 36.4% | 35.1% | 26.9% | - |
| Value Creation Index ⓘ | -0.7 | -1.9 | 0.3 | 0.5 | -0.3 | 0.8 | 2.1 | 1.6 | 1.5 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 32.6 | 22.8 | 47.2 | 59.4 | 46.6 | 61.5 | 77.8 | 79.6 | 92.8 | 78.1 | 69 |
| Sales YoY Gr. | - | -30.1% | 107.2% | 25.8% | -21.5% | 31.9% | 26.6% | 2.2% | 16.7% | -15.8% | - |
| Adj EPS ⓘ | -8.1 | -10.8 | -1 | 3.6 | 0.5 | 6.2 | 20.4 | 20 | 22.9 | 19.1 | 14.1 |
| YoY Gr. | - | NA | NA | NA | -86% | 1115.7% | 229.7% | -2.2% | 14.4% | -16.3% | - |
| BVPS (₹) ⓘ | 10.2 | 2.5 | 16.6 | 20.4 | 20.8 | 26.5 | 46.8 | 62.1 | 82 | 97.8 | 100.2 |
| Adj Net Profit ⓘ | -7.3 | -9.7 | -0.9 | 3.3 | 0.5 | 5.6 | 18.3 | 17.9 | 20.5 | 17.2 | 13 |
| Cash Flow from Ops. ⓘ | 3.9 | 7 | -3 | 2.6 | 5.2 | 11.2 | 9.2 | 16.1 | 17.3 | 23.5 | - |
| Debt/CF from Ops. ⓘ | 10.2 | 4 | -8.9 | 15.3 | 7.5 | 2.9 | 3.8 | 1.5 | 1.2 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.2% | 10.9% | 0.1% | -15.8% | ||||
| Adj EPS ⓘ | NA | 106.5% | -2.2% | -16.3% | ||||
| BVPSⓘ | 28.5% | 36.3% | 27.9% | 19.4% | ||||
| Share Price | 34.1% | 60% | 18.6% | 4.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -68.6 | -169.9 | -10.7 | 19.7 | 2.5 | 26.3 | 55.8 | 36.7 | 31.7 | 21.3 | 14.2 |
| Op. Profit Mgn % ⓘ | -9.4 | -28.5 | 15.9 | 19.7 | 15.5 | 16.9 | 38.5 | 36.8 | 32.6 | 26.5 | 19.8 |
| Net Profit Mgn % ⓘ | -22.4 | -42.6 | -2 | 5.5 | 1 | 9 | 23.5 | 22.5 | 22.1 | 22 | 18.4 |
| Debt to Equity ⓘ | 4.3 | 12.2 | 1.8 | 2.2 | 2.1 | 1.4 | 0.8 | 0.4 | 0.3 | 0.1 | 0 |
| Working Cap Days ⓘ | 510 | 547 | 263 | 259 | 350 | 260 | 229 | 272 | 268 | 330 | 173 |
| Cash Conv. Cycle ⓘ | 334 | 348 | 120 | 121 | 178 | 142 | 147 | 199 | 212 | 265 | 132 |
No data to display
Return on Equity has declined versus last 3 years average to 14.20%
Sales growth has been subdued in last 3 years 0.13%
Net Profit has been subdued in last 3 years -2.17%
Sales growth is not so good in last 4 quarters at -28.78%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 14.1 | 1.6 |
| TTM Sales (₹ Cr.) | 68.6 | 29.1 |
| BVPS (₹.) ⓘ | 100.2 | 0 |
| Reserves (₹ Cr.) ⓘ | 88 | 7 |
| P/BV ⓘ | 5.99 | 0.00 |
| PE ⓘ | 42.61 | 372.04 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 516.90 / 1058.80 |
| All Time Low / High (₹) | 4.59 / 1058.80 |
| Market Cap (₹ Cr.) | 538 |
| Equity (₹ Cr.) | 1.8 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 31.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33 | 23 | 47 | 59 | 47 | 61 | 78 | 80 | 93 | 78 |
| Operating Expenses ⓘ | 36 | 29 | 40 | 48 | 39 | 51 | 48 | 50 | 63 | 57 |
| Manufacturing Costs | 3 | 2 | 3 | 4 | 3 | 4 | 3 | 4 | 5 | 7 |
| Material Costs | 21 | 15 | 24 | 28 | 21 | 25 | 26 | 26 | 31 | 24 |
| Employee Cost | 7 | 6 | 8 | 10 | 10 | 11 | 12 | 15 | 16 | 17 |
| Other Costs ⓘ | 6 | 6 | 6 | 6 | 5 | 11 | 6 | 5 | 11 | 8 |
| Operating Profit ⓘ | -3 | -6 | 8 | 12 | 7 | 10 | 30 | 29 | 30 | 21 |
| Operating Profit Margin (%) | -9.7% | -28.5% | 15.9% | 19.7% | 15.4% | 16.9% | 38.5% | 36.8% | 32.6% | 26.5% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 2 | 5 |
| Interest ⓘ | 6 | 5 | 5 | 6 | 6 | 6 | 5 | 4 | 3 | 2 |
| Depreciation ⓘ | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 6 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -4 | -11 | 1 | 5 | 1 | 9 | 24 | 25 | 27 | 23 |
| Tax ⓘ | -1 | -4 | 2 | 1 | 0 | 3 | 6 | 7 | 7 | 6 |
| Profit After Tax | -3 | -7 | -1 | 3 | 0 | 6 | 18 | 18 | 20 | 17 |
| PAT Margin (%) | -8.6% | -30.2% | -1.8% | 5.5% | 0.9% | 9.1% | 23.5% | 22.6% | 22.1% | 22.0% |
| Adjusted EPS (₹) | -3.1 | -7.7 | -1.0 | 3.7 | 0.5 | 6.3 | 20.5 | 20.0 | 22.9 | 19.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 15% | 15% | 16% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9 | 2 | 15 | 18 | 19 | 24 | 42 | 56 | 73 | 88 |
| Share Capital ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves ⓘ | 7 | 0 | 13 | 16 | 17 | 22 | 40 | 54 | 72 | 86 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 37 | 28 | 27 | 40 | 38 | 32 | 31 | 24 | 21 | 5 |
| Long Term Debt | 0 | 0 | 0 | 9 | 9 | 10 | 3 | 0 | 0 | 0 |
| Short Term Debt | 37 | 28 | 27 | 31 | 29 | 22 | 28 | 24 | 21 | 5 |
| Trade Payables | 9 | 8 | 16 | 14 | 14 | 7 | 5 | 4 | 3 | 3 |
| Others Liabilities ⓘ | 10 | 7 | 19 | 8 | 10 | 11 | 16 | 14 | 17 | 12 |
| Total Liabilities ⓘ | 65 | 45 | 77 | 81 | 80 | 74 | 94 | 98 | 115 | 108 |
Fixed Assets | ||||||||||
| Gross Block | 36 | 36 | 35 | 35 | 36 | 36 | 37 | 37 | 48 | 50 |
| Accumulated Depreciation | 19 | 21 | 1 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| Net Fixed Assetsⓘ | 17 | 15 | 34 | 33 | 32 | 31 | 31 | 30 | 40 | 41 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Inventories | 26 | 17 | 24 | 26 | 25 | 28 | 29 | 35 | 35 | 39 |
| Trade Receivables | 10 | 7 | 14 | 15 | 17 | 9 | 18 | 20 | 29 | 20 |
| Cash Equivalents | 6 | 2 | 1 | 4 | 1 | 1 | 6 | 5 | 1 | 2 |
| Others Assetsⓘ | 5 | 3 | 3 | 3 | 4 | 4 | 9 | 7 | 8 | 5 |
| Total Assets ⓘ | 65 | 45 | 77 | 81 | 80 | 74 | 94 | 98 | 115 | 108 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 7 | -3 | 3 | 5 | 11 | 9 | 16 | 17 | 24 |
| PBT ⓘ | -4 | -11 | 1 | 5 | 1 | 9 | 24 | 25 | 27 | 23 |
| Adjustment ⓘ | 1 | 2 | 5 | 6 | 7 | 7 | 6 | 5 | 6 | 4 |
| Changes in Working Capital ⓘ | 7 | 16 | -10 | -8 | -2 | -4 | -20 | -7 | -9 | 4 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -7 | -7 | -7 |
| Cash Flow From Investing Activity ⓘ | 7 | 6 | 0 | 0 | 0 | 0 | -1 | -1 | -11 | -2 |
| Capex | 7 | 6 | 0 | 0 | 0 | 0 | -1 | 0 | -11 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -7 | -17 | 2 | 1 | -7 | -11 | -3 | -17 | -10 | -21 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -6 | -5 | -4 | -5 | -6 | -6 | -5 | -4 | -3 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -3 | -3 |
| Others ⓘ | 1 | -9 | 6 | 5 | -2 | -6 | 2 | -10 | -4 | -16 |
| Net Cash Flow ⓘ | 4 | -4 | -1 | 3 | -2 | -1 | 6 | -1 | -4 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -26.43 | -120.48 | -10.06 | 19.85 | 2.37 | 26.44 | 55.8 | 36.77 | 31.73 | 21.29 |
| ROCE (%) | 3.77 | -13.03 | 17.69 | 21.07 | 10.53 | 25.42 | 43.84 | 36.38 | 35.1 | 26.85 |
| Asset Turnover Ratio | 0.49 | 0.42 | 0.79 | 0.76 | 0.58 | 0.8 | 0.93 | 0.83 | 0.87 | 0.7 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 1 | N/A | 1.83 | 0.5 | 0.89 | 0.85 | 1.41 | Working Capital Days |
| Receivable Days | 141 | 139 | 81 | 87 | 122 | 77 | 64 | 87 | 95 | 115 |
| Inventory Days | 314 | 339 | 158 | 153 | 199 | 157 | 133 | 147 | 139 | 173 |
| Payable Days | 164 | 202 | 184 | 195 | 248 | 154 | 82 | 61 | 41 | 46 |
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:
Achievements/ recognition:-
CertificationISO 9001: 2000
Awards
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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