About
High Energy Batteries (India) Limited manufactures batteries for use in army, navy, air force, and launch vehicles in India and internationally. It operates in two segments, Aerospace, Naval and Power System Batteries; and Lead Acid Batteries. The company offers aircraft, torpedo, missile, and helicopter batteries for defense applications; car and truck batteries; and VRLA batteries and other batteries. It also provides silver zinc batteries and cells, nickel cadmium batteries and cells, and silver chloride magnesium batteries, as well as lead acid batteries for commercial applications. The company was incorporated in 1961 and is based in Chennai, India.
Key Metrics
as of Sep 2026Market Cap540 Cr
P/E39.40
Div Yield0.50 %
Book Value₹124.00
52w High₹675.00
52w Low₹470.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.89 | 29.50 | 23.45 | 17.30 | 13.27 | 36.08 | 12.66 | 14.95 | 17.31 | 19.87 | 16.89 | 17.75 | 23.63 |
| Expenses | 9.98 | 17.82 | 16.07 | 18.04 | 12.53 | 23.56 | 12.11 | 13.31 | 14.67 | 14.57 | 12.93 | 13.11 | 14.98 |
| Operating Profit | -2.09 | 11.68 | 7.38 | -0.74 | 0.74 | 12.52 | 0.55 | 1.64 | 2.64 | 5.30 | 3.96 | 4.64 | 8.65 |
| OPM % | -26.49 | 39.59 | 31.47 | -4.28 | 5.58 | 34.70 | 4.34 | 10.97 | 15.25 | 26.67 | 23.45 | 26.14 | 36.61 |
| Other Income | 0.20 | -0.67 | 0.29 | 4.10 | 0.91 | 1.74 | 0.96 | 1.34 | 1.67 | 1.42 | 1.07 | 0.57 | 0.43 |
| Depreciation | 0.30 | 0.30 | 0.28 | 0.26 | 0.26 | 0.26 | 0.24 | 0.21 | 0.20 | 0.11 | 0.26 | 0.30 | 0.31 |
| Interest | 0.25 | 0.46 | 0.66 | 0.39 | 0.34 | 0.53 | 0.38 | 0.32 | 0.24 | 0.36 | 0.36 | 0.50 | 0.74 |
| Profit before tax | -2.44 | 10.25 | 6.73 | 2.71 | 1.05 | 13.47 | 0.89 | 2.45 | 3.87 | 6.25 | 4.41 | 4.41 | 8.03 |
| Tax % | -25.41 | 25.95 | 25.56 | 25.46 | 25.71 | 25.91 | 25.84 | 26.53 | 25.58 | 24.96 | 26.30 | 26.08 | 25.90 |
| Net Profit | -1.82 | 7.59 | 5.00 | 2.01 | 0.78 | 9.99 | 0.67 | 1.80 | 2.88 | 4.70 | 3.25 | 3.26 | 5.95 |
| EPS in Rs | -2.03 | 8.47 | 5.58 | 2.24 | 0.87 | 11.14 | 0.75 | 2.01 | 3.21 | 5.24 | 3.63 | 3.64 | 6.64 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84.00 | 81.00 | 78.00 | 93.00 | 80.00 | 78.00 | 61.00 | 47.00 | 59.00 | 47.00 | 23.00 | 33.00 |
| Expenses | 64.00 | 62.00 | 55.00 | 60.00 | 50.00 | 48.00 | 46.00 | 39.00 | 48.00 | 40.00 | 29.00 | 36.00 |
| Operating Profit | 19.00 | 19.00 | 24.00 | 33.00 | 29.00 | 30.00 | 15.00 | 7.00 | 12.00 | 8.00 | -6.00 | -3.00 |
| OPM % | 23.00 | 23.00 | 30.00 | 36.00 | 37.00 | 39.00 | 25.00 | 15.00 | 20.00 | 16.00 | -29.00 | -10.00 |
| Other Income | 5.00 | 5.00 | 2.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 7.00 |
| Interest | 2.00 | 1.00 | 2.00 | 3.00 | 4.00 | 5.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 6.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 |
| Profit before tax | 21.00 | 21.00 | 23.00 | 27.00 | 25.00 | 24.00 | 9.00 | 1.00 | 5.00 | 1.00 | -11.00 | -4.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 25.00 | 27.00 | 24.00 | 36.00 | 23.00 | 29.00 | 175.00 | -35.00 | -34.00 |
| Net Profit | 15.00 | 15.00 | 17.00 | 20.00 | 18.00 | 18.00 | 6.00 | 0.00 | 3.00 | -1.00 | -7.00 | -3.00 |
| EPS in Rs | 17.17 | 17.10 | 19.14 | 22.87 | 19.94 | 20.37 | 6.22 | 0.49 | 3.64 | -0.96 | -7.64 | -3.12 |
| Dividend Payout % | 17.00 | 18.00 | 16.00 | 15.00 | 15.00 | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Reserves | 110.00 | 98.00 | 86.00 | 72.00 | 54.00 | 40.00 | 22.00 | 17.00 | 16.00 | 13.00 | 0.00 | 7.00 |
| Borrowings | 12.00 | 11.00 | 5.00 | 21.00 | 25.00 | 35.00 | 33.00 | 39.00 | 40.00 | 34.00 | 28.00 | 39.00 |
| Other Liabilities | 16.00 | 15.00 | 17.00 | 21.00 | 19.00 | 18.00 | 19.00 | 25.00 | 26.00 | 31.00 | 23.00 | 20.00 |
| Total Liabilities | 139.00 | 126.00 | 109.00 | 115.00 | 99.00 | 94.00 | 75.00 | 83.00 | 84.00 | 80.00 | 53.00 | 69.00 |
| Fixed Assets | 40.00 | 39.00 | 38.00 | 38.00 | 30.00 | 31.00 | 31.00 | 32.00 | 33.00 | 34.00 | 15.00 | 17.00 |
| CWIP | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 |
| Other Assets | 95.00 | 84.00 | 70.00 | 76.00 | 68.00 | 62.00 | 43.00 | 50.00 | 50.00 | 46.00 | 38.00 | 52.00 |
| Total Assets | 139.00 | 126.00 | 109.00 | 115.00 | 99.00 | 94.00 | 75.00 | 83.00 | 84.00 | 80.00 | 53.00 | 69.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14.00 | 4.00 | 24.00 | 17.00 | 16.00 | 9.00 | 11.00 | 5.00 | 3.00 | -3.00 | 7.00 | 4.00 |
| Cash from Investing Activity | -11.00 | -7.00 | -2.00 | -11.00 | -1.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 7.00 |
| Cash from Financing Activity | -4.00 | 2.00 | -21.00 | -10.00 | -17.00 | -3.00 | -11.00 | -7.00 | 1.00 | 2.00 | -17.00 | -7.00 |
| Net Cash Flow | -1.00 | -1.00 | 0.00 | -4.00 | -1.00 | 6.00 | -1.00 | -2.00 | 3.00 | -1.00 | -4.00 | 4.00 |
| Free Cash Flow | 9.00 | 1.00 | 22.00 | 6.00 | 16.00 | 8.00 | 11.00 | 5.00 | 2.00 | -3.00 | 13.00 | 4.00 |
| CFO/OP % | 97.00 | 49.00 | 130.00 | 73.00 | 77.00 | 34.00 | 74.00 | 71.00 | 24.00 | -46.00 | -112.00 | -122.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 125.00 | 120.00 | 95.00 | 113.00 | 90.00 | 85.00 | 54.00 | 130.00 | 90.00 | 108.00 | 116.00 | 117.00 |
| Inventory Days | 624.00 | 644.00 | 596.00 | 433.00 | 498.00 | 406.00 | 412.00 | 435.00 | 336.00 | 369.00 | 410.00 | 452.00 |
| Days Payable | 50.00 | 75.00 | 52.00 | 32.00 | 57.00 | 65.00 | 104.00 | 246.00 | 187.00 | 238.00 | 198.00 | 152.00 |
| Cash Conversion Cycle | 699.00 | 689.00 | 639.00 | 513.00 | 531.00 | 427.00 | 363.00 | 319.00 | 239.00 | 239.00 | 328.00 | 416.00 |
| Working Capital Days | 266.00 | 263.00 | 232.00 | 144.00 | 109.00 | 56.00 | 21.00 | -60.00 | -42.00 | -81.00 | -283.00 | -167.00 |
| ROCE % | 20.00 | 23.00 | 28.00 | 37.00 | 36.00 | 44.00 | 25.00 | 11.00 | 20.00 | 16.00 | -19.00 | -9.00 |
Corporate Actions
13 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 12 Jun 2026 | 12 Jun 2026 | — | 3.00 | |
| Dividend | 06 Jun 2025 | 06 Jun 2025 | — | 3.00 | |
| Dividend | 22 May 2024 | — | — | 3.00 | |
| Dividend | 16 Jun 2023 | — | — | 3.50 | |
| Split | 08 Aug 2022 | 10 Aug 2022 | 10:2 | — | |
| Dividend | 15 Jun 2022 | — | — | 15.00 | |
| Dividend | 27 Jul 2021 | — | — | 5.00 | |
| Dividend | 27 Jul 2021 | — | — | 10.00 | |
| Dividend | 18 Jul 2013 | — | — | 1.00 | |
| Dividend | 15 Jun 2009 | — | — | 3.50 | |
| Other | 07 May 2009 | 14 May 2009 | — | — | Right Issue of Equity Shares |
| Dividend | 16 Jul 2008 | — | — | 2.50 | |
| Dividend | 17 Jul 2007 | — | — | 4.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update29 Aug 2025 from fitch
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Rating update31 May 2024 from fitch
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Rating update24 Dec 2021 from brickwork
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Rating update8 Dec 2021 from fitch
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Rating update15 Mar 2021 from brickwork
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Rating update27 Mar 2020 from brickwork