Financials High Energy Batteries (India) Limited

Equities

HIGHENE6

INE783E01023

Electrical Components & Equipment

Market Closed - Bombay S.E. 06:00:51 2024-05-29 am EDT 5-day change 1st Jan Change
796.4 INR -0.52% Intraday chart for High Energy Batteries (India) Limited +2.72% +42.09%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 735.7 418.6 371.1 1,470 2,718 2,884
Enterprise Value (EV) 1 1,106 802.6 695.8 1,761 2,919 3,085
P/E ratio 22.4 x 96.1 x 6.62 x 8.02 x 15.1 x 14.1 x
Yield - - - 1.22% 0.99% 1.09%
Capitalization / Revenue 1.24 x 0.9 x 0.6 x 1.89 x 3.42 x 3.11 x
EV / Revenue 1.86 x 1.72 x 1.13 x 2.26 x 3.67 x 3.32 x
EV / EBITDA 10.3 x 11.1 x 4.5 x 5.85 x 9.91 x 9.17 x
EV / FCF -21.4 x 19 x 27.8 x -75.8 x 24.6 x -484 x
FCF Yield -4.67% 5.27% 3.6% -1.32% 4.06% -0.21%
Price to Book 4.03 x 2.25 x 1.56 x 3.51 x 4.88 x 3.92 x
Nbr of stocks (in thousands) 8,964 8,964 8,964 8,964 8,964 8,964
Reference price 2 82.07 46.70 41.40 164.0 303.2 321.8
Announcement Date 7/9/18 7/10/19 8/5/20 7/14/21 6/6/22 5/31/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 593.8 466.2 614.9 778.3 794.9 928.3
EBITDA 1 106.9 72.24 154.7 301 294.6 336.5
EBIT 1 94.06 59.88 143.1 289.9 283.4 324.9
Operating Margin 15.84% 12.84% 23.27% 37.25% 35.65% 35%
Earnings before Tax (EBT) 1 46.3 5.656 88.11 239.9 247.4 274.9
Net income 1 32.85 4.363 56.02 183.3 179.5 205
Net margin 5.53% 0.94% 9.11% 23.55% 22.58% 22.08%
EPS 2 3.664 0.4860 6.249 20.45 20.02 22.86
Free Cash Flow 1 -51.68 42.27 25.06 -23.24 118.6 -6.372
FCF margin -8.7% 9.07% 4.07% -2.99% 14.91% -0.69%
FCF Conversion (EBITDA) - 58.52% 16.2% - 40.25% -
FCF Conversion (Net income) - 968.93% 44.73% - 66.05% -
Dividend per Share - - - 2.000 3.000 3.500
Announcement Date 7/9/18 7/10/19 8/5/20 7/14/21 6/6/22 5/31/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 370 384 325 291 201 201
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.463 x 5.315 x 2.1 x 0.9666 x 0.683 x 0.5971 x
Free Cash Flow 1 -51.7 42.3 25.1 -23.2 119 -6.37
ROE (net income / shareholders' equity) 19.8% 2.37% 26.4% 55.8% 36.8% 31.7%
ROA (Net income/ Total Assets) 7.16% 4.49% 11.3% 21.6% 18.5% 19.1%
Assets 1 458.7 97.2 494.3 848.9 972.9 1,075
Book Value Per Share 2 20.40 20.80 26.50 46.80 62.10 82.00
Cash Flow per Share 2 3.120 0.6900 0.0300 6.170 4.920 0.8400
Capex 1 4.33 1.62 4.57 9.16 5.19 108
Capex / Sales 0.73% 0.35% 0.74% 1.18% 0.65% 11.68%
Announcement Date 7/9/18 7/10/19 8/5/20 7/14/21 6/6/22 5/31/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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