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High Energy Batteries (India)

BSE:504176
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
504176
BSE
₹363M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

High Energy Batteries (India) Limited engages in the design, development, manufacture, and sale of batteries for army, navy, air force, and launch vehicles in India. The last earnings update was 65 days ago. More info.


Add to Portfolio Compare Print
  • High Energy Batteries (India) has significant price volatility in the past 3 months.
504176 Share Price and Events
7 Day Returns
8.4%
BSE:504176
-1.3%
IN Aerospace & Defense
-3.6%
IN Market
1 Year Returns
-12.7%
BSE:504176
-26.4%
IN Aerospace & Defense
-32.1%
IN Market
504176 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
High Energy Batteries (India) (504176) 8.4% -21.7% -14.6% -12.7% -13.8% 26.6%
IN Aerospace & Defense -1.3% -10.7% -28.5% -26.4% -32.4% -30.8%
IN Market -3.6% -25.1% -30.2% -32.1% -24.1% -15.2%
1 Year Return vs Industry and Market
  • 504176 outperformed the Aerospace & Defense industry which returned -26.4% over the past year.
  • 504176 outperformed the Market in India which returned -32.1% over the past year.
Price Volatility
504176
Industry
5yr Volatility vs Market

504176 Value

 Is High Energy Batteries (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of High Energy Batteries (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for High Energy Batteries (India).

BSE:504176 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:504176
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.82 (1 + (1- 35%) (113.62%))
1.285
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.285 * 7.85%)
16.56%

Discounted Cash Flow Calculation for BSE:504176 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for High Energy Batteries (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:504176 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.56%)
2020 54.68 Est @ 9.45% 46.91
2021 59.36 Est @ 8.56% 43.69
2022 64.07 Est @ 7.93% 40.46
2023 68.88 Est @ 7.5% 37.31
2024 73.83 Est @ 7.19% 34.31
2025 78.98 Est @ 6.98% 31.49
2026 84.38 Est @ 6.83% 28.86
2027 90.05 Est @ 6.72% 26.42
2028 96.04 Est @ 6.65% 24.17
2029 102.38 Est @ 6.6% 22.11
Present value of next 10 years cash flows ₹335.00
BSE:504176 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹102.38 × (1 + 6.48%) ÷ (16.56% – 6.48%)
₹1,081.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,081.01 ÷ (1 + 16.56%)10
₹233.43
BSE:504176 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹335.00 + ₹233.43
₹568.43
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹568.43 / 1.79
₹317.07
BSE:504176 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹317.07
Current discount Discount to share price of ₹202.50
= -1 x (₹202.50 - ₹317.07) / ₹317.07
36.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price High Energy Batteries (India) is available for.
Intrinsic value
36%
Share price is ₹202.5 vs Future cash flow value of ₹317.07
Current Discount Checks
For High Energy Batteries (India) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • High Energy Batteries (India)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • High Energy Batteries (India)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for High Energy Batteries (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are High Energy Batteries (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:504176 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹38.38
BSE:504176 Share Price ** BSE (2020-04-03) in INR ₹202.5
India Aerospace & Defense Industry PE Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 7.96x
India Market PE Ratio Median Figure of 2,614 Publicly-Listed Companies 9.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of High Energy Batteries (India).

BSE:504176 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:504176 Share Price ÷ EPS (both in INR)

= 202.5 ÷ 38.38

5.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • High Energy Batteries (India) is good value based on earnings compared to the IN Aerospace & Defense industry average.
  • High Energy Batteries (India) is good value based on earnings compared to the India market.
Price based on expected Growth
Does High Energy Batteries (India)'s expected growth come at a high price?
Raw Data
BSE:504176 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Aerospace & Defense Industry PEG Ratio Median Figure of 25 Publicly-Listed Aerospace & Defense Companies 1.86x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for High Energy Batteries (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on High Energy Batteries (India)'s assets?
Raw Data
BSE:504176 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹123.51
BSE:504176 Share Price * BSE (2020-04-03) in INR ₹202.5
India Aerospace & Defense Industry PB Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 1.44x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 0.63x
BSE:504176 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:504176 Share Price ÷ Book Value per Share (both in INR)

= 202.5 ÷ 123.51

1.64x

* Primary Listing of High Energy Batteries (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • High Energy Batteries (India) is overvalued based on assets compared to the IN Aerospace & Defense industry average.
X
Value checks
We assess High Energy Batteries (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. High Energy Batteries (India) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

504176 Future Performance

 How is High Energy Batteries (India) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as High Energy Batteries (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.3%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is High Energy Batteries (India) expected to grow at an attractive rate?
  • Unable to compare High Energy Batteries (India)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare High Energy Batteries (India)'s earnings growth to the India market average as no estimate data is available.
  • Unable to compare High Energy Batteries (India)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:504176 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Asia Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:504176 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:504176 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 651 69
2019-09-30 617 56
2019-06-30 561 29
2019-03-31 466 52 4
2018-12-31 475 5
2018-09-30 511 10
2018-06-30 506 13
2018-03-31 594 26 33
2017-12-31 607 41
2017-09-30 588 33
2017-06-30 596 33
2017-03-31 472 -30 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if High Energy Batteries (India) is high growth as no earnings estimate data is available.
  • Unable to determine if High Energy Batteries (India) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:504176 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from High Energy Batteries (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:504176 Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 38.38
2019-09-30 30.96
2019-06-30 16.38
2019-03-31 2.43
2018-12-31 2.80
2018-09-30 5.61
2018-06-30 7.34
2018-03-31 18.32
2017-12-31 22.98
2017-09-30 18.35
2017-06-30 18.38
2017-03-31 -4.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if High Energy Batteries (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether High Energy Batteries (India) is trading at High Energy Batteries (India)'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. High Energy Batteries (India)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. High Energy Batteries (India)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess High Energy Batteries (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
High Energy Batteries (India) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

504176 Past Performance

  How has High Energy Batteries (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare High Energy Batteries (India)'s growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • High Energy Batteries (India) has delivered over 20% year on year earnings growth in the past 5 years.
  • High Energy Batteries (India)'s 1-year earnings growth exceeds its 5-year average (1272.4% vs 64.1%)
  • High Energy Batteries (India)'s earnings growth has exceeded the IN Aerospace & Defense industry average in the past year (1272.4% vs 33.5%).
Earnings and Revenue History
High Energy Batteries (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from High Energy Batteries (India) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:504176 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 651.32 68.80 115.56
2019-09-30 617.04 55.51 114.78
2019-06-30 560.94 29.37 108.18
2019-03-31 466.17 4.36 102.75
2018-12-31 474.51 5.01 95.85
2018-09-30 511.27 10.07 89.95
2018-06-30 506.31 13.17 93.49
2018-03-31 593.76 32.85 95.21
2017-12-31 606.70 41.20 92.52
2017-09-30 588.39 32.88 87.66
2017-06-30 595.85 32.95 86.97
2017-03-31 471.90 -8.61 76.89
2016-12-31 431.50 15.53 71.80
2016-09-30 309.83 -12.04 66.81
2016-06-30 224.36 -43.20 59.28
2016-03-31 223.55 -68.80 61.09
2015-12-31 143.84 -88.73 108.87 6.21
2015-09-30 172.66 -89.64 110.73 6.21
2015-06-30 242.82 -66.53 112.25 6.21
2015-03-31 322.83 -28.11 70.41
2014-12-31 390.10 -27.45 112.56 8.02
2014-09-30 393.60 -27.44 112.62 8.02
2014-06-30 346.55 -44.22 114.37 8.02
2014-03-31 306.44 -62.25 117.69 8.02
2013-12-31 355.92 -80.95 121.87 7.24
2013-09-30 430.44 -64.19 123.50 7.24
2013-06-30 548.21 -30.94 124.78 7.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst High Energy Batteries (India) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • High Energy Batteries (India) used its assets more efficiently than the IN Aerospace & Defense industry average last year based on Return on Assets.
  • High Energy Batteries (India) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess High Energy Batteries (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
High Energy Batteries (India) has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

504176 Health

 How is High Energy Batteries (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up High Energy Batteries (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • High Energy Batteries (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • High Energy Batteries (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of High Energy Batteries (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from High Energy Batteries (India) Company Filings, last reported 3 months ago.

BSE:504176 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 221.39 412.47 9.25
2019-09-30 221.39 412.47 9.25
2019-06-30 186.20 390.15 6.18
2019-03-31 186.20 390.15 6.18
2018-12-31 167.58 375.39 8.85
2018-09-30 167.58 375.39 8.85
2018-06-30 182.54 398.23 27.99
2018-03-31 182.54 398.23 27.99
2017-12-31 171.86 365.90 13.36
2017-09-30 171.86 365.90 13.36
2017-06-30 26.10 337.70 7.78
2017-03-31 148.42 343.38 7.73
2016-12-31 -3.75 329.54 12.80
2016-09-30 -3.75 329.54 12.80
2016-06-30 22.71 277.60 15.57
2016-03-31 22.71 277.60 15.57
2015-12-31 8.29 317.46 12.24
2015-09-30 8.29 317.46 12.24
2015-06-30 91.50 394.23 60.23
2015-03-31 91.50 394.23 60.23
2014-12-31 97.90 377.95 10.57
2014-09-30 97.90 377.95 10.57
2014-06-30 121.27 398.69 20.95
2014-03-31 121.27 398.69 20.95
2013-12-31 127.02 307.37 22.95
2013-09-30 127.02 307.37 22.95
2013-06-30 183.53 326.73 20.16
  • High Energy Batteries (India)'s level of debt (186.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (386.5% vs 186.3% today).
  • Debt is not well covered by operating cash flow (12.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess High Energy Batteries (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. High Energy Batteries (India) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

504176 Dividends

 What is High Energy Batteries (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from High Energy Batteries (India) dividends.
If you bought ₹2,000 of High Energy Batteries (India) shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate High Energy Batteries (India)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate High Energy Batteries (India)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:504176 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 5.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 2%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 1%
India Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:504176 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2015-02-09 0.000 0.000
2014-11-03 0.000 0.000
2014-07-21 0.000 0.000
2014-06-30 0.000 0.000
2014-05-30 0.000 0.000
2013-05-31 1.000 0.914
2011-01-31 0.000 0.000
2010-05-31 0.000 0.000
2009-06-08 3.500 3.054
2009-06-01 3.500 2.752
2009-05-21 2.500 2.267

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as High Energy Batteries (India) has not reported any payouts.
  • Unable to verify if High Energy Batteries (India)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of High Energy Batteries (India)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as High Energy Batteries (India) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess High Energy Batteries (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can High Energy Batteries (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. High Energy Batteries (India) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

504176 Management

 What is the CEO of High Energy Batteries (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
G. Pathanjali
COMPENSATION ₹3,429,000
AGE 60
TENURE AS CEO 6 years
CEO Bio

Dr. G. A. Pathanjali has been Managing Director of High Energy Batteries (India) Ltd. since April 1, 2014. Dr. Pathanjali served as a Vice President of Operations at High Energy Batteries (India) Ltd. and served as its General Manager of Operations. Dr. Pathanjali has been an Executive Director of High Energy Batteries (India) Ltd. since June 1, 2012. Dr. Pathanjali holds Ph.D.

CEO Compensation
  • G.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • G.'s remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the High Energy Batteries (India) management team in years:

3.9
Average Tenure
60
Average Age
  • The tenure for the High Energy Batteries (India) management team is about average.
Management Team

G. Pathanjali

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
60
TENURE
6 yrs

R. Swaminathan

TITLE
Chief Financial Officer
COMPENSATION
₹1M
TENURE
3.9 yrs

S. Raju

TITLE
Senior GM of Commercial
COMPENSATION
₹420K
AGE
67

M. Ignatius

TITLE
Whole Time Director & Director of Operations
AGE
58
TENURE
0.8 yrs

R. Manoharan

TITLE
Principal Research Scientist
AGE
61

K. Ravi

TITLE
Deputy General Manager of Marketing
AGE
58
Board of Directors Tenure

Average tenure and age of the High Energy Batteries (India) board of directors in years:

5.6
Average Tenure
69
Average Age
  • The tenure for the High Energy Batteries (India) board of directors is about average.
Board of Directors

Natarajan Gopalaratnam

TITLE
Non-Executive Chairman
COMPENSATION
₹45K
AGE
72
TENURE
19.3 yrs

G. Pathanjali

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
60
TENURE
7.9 yrs

M. Ignatius

TITLE
Whole Time Director & Director of Operations
AGE
58
TENURE
0.8 yrs

A. Somayaji

TITLE
Independent Director
COMPENSATION
₹60K
AGE
75
TENURE
18.1 yrs

R. P. Kumar

TITLE
Independent Director
COMPENSATION
₹60K
AGE
74
TENURE
17.8 yrs

M. Natarajan

TITLE
Independent Director
COMPENSATION
₹40K
AGE
73
TENURE
5.6 yrs

Lalitha Lakshmanan

TITLE
Independent Director
COMPENSATION
₹65K
AGE
66
TENURE
3.9 yrs

Jayashree Shankar

TITLE
Nominee Director
COMPENSATION
₹5K
TENURE
1.1 yrs

Vijayamohanan Pillai

TITLE
Independent Director
COMPENSATION
₹5K
AGE
59
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess High Energy Batteries (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. High Energy Batteries (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

504176 News

Simply Wall St News

504176 Company Info

Description

High Energy Batteries (India) Limited engages in the design, development, manufacture, and sale of batteries for army, navy, air force, and launch vehicles in India. It operates in two segments, Aerospace, Naval & Power System Batteries, and Lead Acid Storage Batteries. The company offers aircraft, torpedo, missile, and helicopter batteries for defense applications; motor cycle, car, truck, auto, VRLA, and tubular batteries; lead acid batteries for auto and VRLA applications; and batteries for other applications. It also exports its products. The company was incorporated in 1961 and is based in Chennai, India.

Details
Name: High Energy Batteries (India) Limited
504176
Exchange: BSE
Founded: 1961
₹363,035,520
1,792,768
Website: http://www.highenergy.co.in
Address: High Energy Batteries (India) Limited
Esvin House,
P.B. No.5068,
Chennai,
Tamil Nadu, 600096,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 504176 Equity Shares Mumbai Stock Exchange IN INR 27. Jun 1995
Number of employees
Current staff
Staff numbers
126
High Energy Batteries (India) employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 12:50
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/01
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.