High Energy Batteries (India) Share Price & Earnings Call Analysis

₹530.25+0.07% today

Market cap: ₹475 Cr
P/E: 27.29
ROE: 15.43%
PEG: -2.90
Price to sales: 5.28
Debt to equity: 0.16
52W high / low: ₹654 / ₹491
Sales growth (5Y): 1.42%
EBITDA margin: 27.97%
Net profit margin: 19.50%
Promoter holding: 43.06%
Sales (last year): ₹90 Cr

All 12 ratios ↓

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of High Energy Batteries (India)

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of High Energy Batteries (India)

Quarterly Results

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	30.89	23.63	17.75	16.89	19.87	17.31	14.95	12.66	36.08	13.27	17.30	23.45	29.50
Expenses +	21.03	14.98	13.11	12.93	14.57	14.67	13.31	12.11	23.56	12.53	18.04	16.07	17.82
Operating Profit	9.86	8.65	4.64	3.96	5.30	2.64	1.64	0.55	12.52	0.74	-0.74	7.38	11.68
OPM %	31.92%	36.61%	26.14%	23.45%	26.67%	15.25%	10.97%	4.34%	34.70%	5.58%	-4.28%	31.47%	39.59%
Other Income +	0.65	0.43	0.57	1.07	1.42	1.67	1.34	0.96	1.74	0.91	4.10	0.29	-0.67
Interest	0.91	0.74	0.50	0.36	0.36	0.24	0.32	0.38	0.53	0.34	0.39	0.66	0.46
Depreciation	0.30	0.31	0.30	0.26	0.11	0.20	0.21	0.24	0.26	0.26	0.26	0.28	0.30
Profit before tax	9.30	8.03	4.41	4.41	6.25	3.87	2.45	0.89	13.47	1.05	2.71	6.73	10.25
Tax %	25.16%	25.90%	26.08%	26.30%	24.96%	25.58%	26.53%	25.84%	25.91%	25.71%	25.46%	25.56%	25.95%
Net Profit +	6.97	5.95	3.26	3.25	4.70	2.88	1.80	0.67	9.99	0.78	2.01	5.00	7.59
EPS in Rs	7.78	6.64	3.64	3.63	5.24	3.21	2.01	0.75	11.14	0.87	2.24	5.58	8.47

Financials of High Energy Batteries (India)

Profit & Loss

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	33	23	47	59	47	61	78	80	93	78	81	84
Expenses +	36	29	40	48	39	46	48	50	60	55	62	64
Operating Profit	-3	-6	8	12	7	15	30	29	33	24	19	19
OPM %	-10%	-29%	16%	20%	15%	25%	39%	37%	36%	30%	23%	23%
Other Income +	7	3	0	0	0	0	0	0	-1	2	5	5
Interest	6	5	5	6	6	6	5	4	3	2	1	2
Depreciation	2	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	-4	-11	1	5	1	9	24	25	27	23	21	21
Tax %	-34%	-35%	175%	29%	23%	36%	24%	27%	25%	26%	26%	26%
Net Profit +	-3	-7	-1	3	0	6	18	18	20	17	15	15
EPS in Rs	-3.12	-7.64	-0.96	3.64	0.49	6.22	20.37	19.94	22.87	19.14	17.10	17.17
Dividend Payout %	0%	0%	0%	0%	0%	0%	15%	15%	15%	16%	18%	17%

Financials of High Energy Batteries (India)

Balance Sheet

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	2	2	2	2	2	2	2	2	2
Reserves	7	0	13	16	17	22	40	54	72	86	98	110
Borrowings +	39	28	34	40	39	33	35	25	21	5	11	12
Other Liabilities +	20	23	31	26	25	19	18	19	21	17	15	15
Total Liabilities	69	53	80	84	83	75	94	99	115	109	126	138
Fixed Assets +	17	15	34	33	32	31	31	30	38	38	39	40
CWIP	0	0	0	0	0	0	0	0	0	0	0	2
Investments	1	0	1	1	1	1	1	1	1	2	3	3
Other Assets +	52	38	46	50	50	43	62	68	76	70	84	94
Total Assets	69	53	80	84	83	75	94	99	115	109	126	138

Financials of High Energy Batteries (India)

Cash Flows

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	4	7	-3	3	5	11	9	16	17	24	4	14
Cash from Investing Activity +	7	6	-0	-0	-0	-0	-1	-1	-11	-2	-7	-10
Cash from Financing Activity +	-7	-17	2	1	-7	-11	-3	-17	-10	-21	2	-4
Net Cash Flow	4	-4	-1	3	-2	-1	6	-1	-4	-0	-1	-0
Free Cash Flow	4	13	-3	2	5	11	8	16	6	22	1	11
CFO/OP	-122%	-112%	-46%	24%	71%	74%	34%	77%	73%	130%	49%	97%

Financials of High Energy Batteries (India)

Ratios

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	117	116	108	90	130	54	85	90	113	95	120	125
Inventory Days	452	410	369	336	435	412	406	498	433	596	644	610
Days Payable	152	198	238	187	246	104	65	57	32	52	75	49
Cash Conversion Cycle	416	328	239	239	319	363	427	531	513	639	689	685
Working Capital Days	-167	-283	-81	-42	-60	21	56	109	144	232	263	262
ROCE %	-9%	-19%	16%	20%	11%	25%	44%	36%	37%	28%	23%	20%

Momentum score · price trend

20 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

Period	Share price change	Better than … of 1,910 stocks
Last 12 months	−8.0%	46%
Last 6 months	−6.3%	32%
Last 3 months	−6.9%	45%

The price is 41.4% below its all-time high of ₹941.35 (19 Apr 2024). Stocks more than 20% below their peak have their score halved, so 40 became 20.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For High Energy Batteries (India): 0.4 × 46 + 0.4 × 32 + 0.2 × 45 = 40, halved to 20 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 9 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.