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    Producer manufacturing

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    Electrical products
High Energy Batteries Ltd.

High Energy Batteries Ltd.

BBSE:HIGHENE
518.05
INR
+10.00
(+1.97%)
4.64BMarket Cap
High Energy Batteries Ltd.
BSE:HIGHENE
(Bombay Stock Exchange)

Recent

price

518.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
39.33
65.01
74.2
34.07
36.01
24.94
52.64
65.52
51.15
68.23
86.49
442.1
103.23
86.15
90.09
92.71
- -
Revenue per Share
-0.49
0.44
0.41
-6.95
-3.14
-7.68
-0.96
3.66
0.49
6.25
20.45
100.12
22.86
19.14
17.1
17.17
- -
Basic EPS, GAAP
1.4
5.66
-0.62
-1.93
4.26
7.74
-3.52
2.42
5.61
11.99
9.29
86.83
7.2
23.99
0.91
11.85
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.24
- -
- -
- -
- -
- -
- -
- -
15
3
3.5
3
3
- -
Dividend per Share
19.83
20.3
20.47
13.53
10.21
16.93
16.56
20.36
20.77
26.5
46.78
62.13
81.98
97.85
111.11
124.39
- -
Book Value per Share
19.83
20.3
20.47
13.53
10.21
16.93
16.56
20.36
20.61
26.34
46.64
62.01
81.82
97.64
110.74
124.2
- -
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
2
9
9
9
9
9
Basic Weighted Avg Shares
353
583
665
305
323
224
472
587
459
612
775
793
925
772
808
831
- -
Sales/Revenue/Turnover
0.65
9.74
7.66
-16.11
-14.28
-34.51
13.14
17.7
13.06
32.55
37.46
35.85
35.34
32.87
28.79
27.72
- -
Operating Margin (%)
17
17
16
15
15
12
13
13
12
12
11
11
12
10
9
11
- -
Depreciation Expense
-4
4
4
-62
-28
-69
-9
33
4
56
183
179
205
172
153
154
- -
Net Income, GAAP
- -
28.41
28.39
- -
- -
- -
175.29
29.06
22.86
36.42
23.59
27.44
25.44
25.75
25.88
25.81
- -
Effective Tax Rate (%)
-1.25
0.67
0.55
-20.38
-8.71
-30.77
-1.82
5.59
0.95
9.16
23.64
22.65
22.15
22.22
18.98
18.52
- -
Profit Margin (%)
83
62
31
-4
-89
-194
-96
-32
-61
40
168
279
369
506
608
601
- -
Working Capital
75
55
31
9
- -
9
73
88
95
103
28
- -
- -
- -
- -
- -
- -
LT Debt
178
182
184
121
92
152
148
183
186
238
419
557
735
877
996
1,115
- -
Total Equity
- -
9.23
7.5
- -
- -
- -
-10.83
14.66
8.59
16.65
33.05
25.75
25.39
19.2
15.72
13.77
- -
Return on Invested Capital (%)
- -
7.27
6.56
- -
- -
- -
-8.68
12.62
6.92
15.08
32.45
25.26
25.7
19.43
15.68
13.94
- -
Return on Capital (%)
-2.46
2.17
2
-40.85
-26.43
-56.57
-5.73
19.85
2.37
26.44
55.8
36.77
31.73
21.29
16.37
14.58
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
116
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
5,379
4,641
4,939

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
827
- -
Cash, Cash Equivalents & STI
- -
7
- -
Accounts Receivable, Net
- -
334
- -
Inventories
- -
411
- -
Total Current Liabilities
- -
227
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
116
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.65%
21.92%
11.95%
Free Cash Flow
126.98%
272.23%
1,195.73%
Net Income, GAAP
74.08%
-2.89%
0.4%
Sales/Revenue/Turnover
18.37%
1.98%
2.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
173
149
126
359
808
2026
133
- -
232
294
831
2027
76
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.21
2
0.74
11.14
17.1
2026
0.87
- -
5.58
8.47
17.17
2027
-2.02
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
3
2026
- -
- -
- -
- -
3
2027
- -
- -
- -
- -
- -
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Business
High Energy Batteries (India) Limited engages in the design, development, manufacture, and sale of high-technology batteries for defense and commercial applications. The company operates through two primary segments, Aerospace, Naval and Power System Batteries, and Lead Acid Batteries, offering silver oxide zinc batteries for aircraft starting and emergency power in MIG and other platforms; nickel cadmium batteries utilizing sintered plate technology for Jaguar, Mirage, Seaking, Sukhoi, Kiran, AN32, and various helicopter models including Cheetah, Chetak, Mi8, Mi17, Mi25, and Mi35; silver chloride magnesium batteries for torpedo propulsion and underwater applications; primary reserve batteries for missiles such as Prithvi, Agni, and BrahMos variants; auto lead acid batteries for cars and trucks; valve-regulated lead acid (VRLA) batteries for standby power; and other specialized batteries for launch vehicles, satellites, and power systems. Incorporated in 1961 and headquartered in Chennai, India, with manufacturing facilities originally established in Tiruchirapalli and Pudukkottai in Tamil Nadu, the company serves principal customers including the Indian Army, Navy, Air Force, Defence Research and Development Organisation (DRDO) labs, and Vikram Sarabhai Space Centre (VSSC)/Indian Space Research Organisation (ISRO), while exporting products to various international markets. In recent years, High Energy Batteries (India) Limited has pursued strategic expansions into emerging technologies, including the development and demonstration of a 1kW/10kWh vanadium-based redox flow battery (VRFB) in collaboration with IIT Chennai, completed during fiscal year 2021-2022, and announcements at its annual general meetings regarding diversification into fuel cells and flow batteries to address energy storage and electric vehicle opportunities. The company maintains a strong in-house research and development wing to upgrade existing designs for tropical conditions, indigenize naval armaments, and meet evolving defense requirements amid India's self-reliance initiatives. Promoter holding increased to 42.90% as of September 2025 from 41.73% in December 2024, reflecting strengthened insider commitment amid rising market capitalization.