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As of 6 Nov 2026, High Energy Batteries (India) trades at 30.0× trailing earnings, below the industry P/E of 54.7×, and the shares are 18% below their 52-week high. It earns ROCE of 19% and ROE of 16%, and sales and net profit fell 3.5% and 9.1% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.16× equity. It is a small-cap company with a market cap of ₹495 Cr, ranked 25th of 27 Aerospace & Defense companies by market cap; the shares fell 2.7% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹567.90
Day high
₹567.90
Day low
₹545.00
Prev. close
₹561.75
Volume
5.2K

Health check

3 good · 2 fair · 1 to check
  • ReturnsAhead

    −2.7% over a year, better than 5 of 7 peers.

  • Price tagCheaper

    P/E 30.0 vs industry 54.7.

  • GrowthShrinking

    Sales −3.5%, profit −9.1% a year over 3 years.

  • ProfitabilityAverage

    ROCE 19.1% vs peer median 20.4%.

  • Balance sheetFair

    Debt 0.16× equity, interest covered 17.8×, Piotroski 4 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aerospace & Defense

26 listed peers. Screen the industry

Small cap

₹495 Cr, #25 of 27 in its industry by size.

Defensive

Beta 0.38 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹90 Cr · profit ₹17 Cr
Market cap
₹495 Cr
Small cap
P/E
30.0
Industry 54.7
Price to book
4.37
Peers 9.16
Dividend yield
0.54%
ROE
15.5%
Peers 23.2%
ROCE
19.1%
Peers 20.4%
Debt to equity
0.16
Debt ₹18 Cr
EPS (TTM)
₹18.41
OPM (TTM)
28.3%
Net margin 18.4%
Sales growth
+68.1%
Latest quarter vs a year ago
Profit growth
+184.0%
Latest quarter vs a year ago
Price to sales
5.50
EV/EBITDA 20.0

Strengths and risks

Strengths

  • Quarterly profit up 184.0% on a year ago.
  • Quarterly sales up 68.1% on a year ago.
  • P/E of 30.0 against an industry P/E of 54.7.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About High Energy Batteries (India)

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,…

Headquarters
Chennai
Employees
125
Sector
Industrials
ISIN
INE783E01023
Website
highenergy.co.in

Price range

52 weeks

₹470.00₹675.00

Today

₹545.00₹567.90
Avg volume (3M)
7.5K
1-year return
minus 2.7%
From 52-week high
minus 18.2%

Peers · Aerospace & Defense

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HALHindustan Aeronautics4,980.00minus 1.25%3,33,05035.728.513.8%25.3%0.006.4%plus 7.6%
BELBharat Electronics396.00plus 0.23%2,89,46745.333.731.9%28.2%0.0015.5%minus 4.8%
MAZDOCKMazagoan Dock Shipbuilders1,840.00plus 0.05%74,22230.321.928.5%16.2%0.0819.6%minus 31.5%
BDLBharat Dynamics1,060.00minus 1.40%38,85674.6152.17.2%12.8%0.00−0.9%minus 27.4%
COCHINSHIPCochin Shipyard1,220.00minus 1.05%32,09647.230.316.7%12.6%0.2826.9%minus 30.3%
GRSEGarden Reach Shipbuilders & Engineers2,135.70minus 0.07%24,46530.625.836.8%11.0%0.0140.0%minus 16.4%
DATAPATTNSData Patterns (India)3,767.70minus 4.85%21,09387.854.820.4%39.6%0.0026.8%plus 46.6%
HIGHENEHigh Energy Batteries (India)551.90minus 1.75%49530.020.919.1%28.3%0.16−3.5%minus 2.7%
Median of 7 peers–−1.05%38,85645.330.320.4%16.2%0.0019.6%−16.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
13.323.229.47.628.8
12.515.817.79.720.6
0.77.411.7−2.18.2
5.6%31.8%39.8%−27.6%28.4%
0.90.30.60.20.4
0.30.70.50.20.5
0.30.30.30.30.3
––−1.2––
1.16.710.3−2.47.7
25.6%25.6%26.0%25.6%25.6%
0.857.6−1.85.7
0.875.588.47-2.026.39

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−3.5%
Profit CAGR 3Y
−9.1%
EPS CAGR 3Y
−9.1%
ROE
15.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
92.577.280.883.1
–minus 16.5%+4.6%+2.9%
58.650.956.659
33.926.424.224.1
36.6%34.1%29.9%29.0%
−0.4−0.5−0.50.1
2.61.30.81.2
1.210.91.1
−2.2−0.5−1.3−1.1
27.523.120.720.7
25.4%25.8%25.9%25.8%
20.517.215.315.4
–minus 16.3%minus 10.7%+0.4%
22.8619.1417.1017.17

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1.81.81.81.8
71.785.997.8110
20.84.811.211.6
20.215.814.414.9
115108125138
37.837.938.841.8
–0.20.31.8
1.82.12.812.7
1.31.85.10.7
73.766.278.381
115108125138

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17.323.53.914.3
−11.4−2.4−6.9−10.1
−9.5−21.22.3−4.2
−3.7−0.1−0.7−0
−10.8−2−3.3−3.7
6.521.50.610.6
−2.7−3.1−2.7−2.7

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 6.0% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you