High Energy Batteries (India) Limited (504176) Fair Value & Analysis
Industrial Goods · IN · Market cap ₹663M
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 5 days ago
Fair value updated Aug 13, 2026, revised from ₹1,058 to ₹1,071 (+1.2%) since Aug 9, 2026.
A solid business, screening 87% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹670.69). The market is more pessimistic than our downside scenario.
- Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹670.69 to ₹1,595) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹145.33 – ₹985.60 · fair‑value band ₹670.69 – ₹1,595 · the ₹573.05 price screens below the ₹1,071 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
High Energy Batteries (India) Limited (504176) currently trades at ₹573.05, while our model-based Fair Value estimate is ₹1,071, implying the stock looks roughly 86.9% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Industrial Goods sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, High Energy Batteries (India) Limited generated revenue of ₹492M at a net margin of 5.3%. Revenue declined 76.0% year over year. Net debt stands at ₹115M. The stock trades on a trailing P/E of 8.2 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹670.69 (bear case) to ₹1,595 (bull case); at ₹573.05, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -76% fair-value upside, at 87%, 504176 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth Earnings (₹1,594) versus Asset-Based (₹416.71). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 35
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
High Energy Batteries (India) Limited engages in the design, development, manufacture, and sale of batteries for army, navy, air force, and satellite launch vehicles in India. The company operates in two segments, Aerospace, Naval & Power System Batteries; and Lead Acid Storage Batteries.
Full company description
High Energy Batteries (India) Limited engages in the design, development, manufacture, and sale of batteries for army, navy, air force, and satellite launch vehicles in India. The company operates in two segments, Aerospace, Naval & Power System Batteries; and Lead Acid Storage Batteries. It offers aircraft, torpedo, missile, and helicopter batteries for defense applications; car and truck batteries; lead acid batteries for auto and VRLA applications; and batteries for other applications. The company also exports its products. High Energy Batteries (India) Limited was incorporated in 1961 and is based in Chennai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
High Energy Batteries (India) Limited reported revenue of ₹831M in FY2026 versus ₹796M in FY2022, a compound +1.1%/yr. Reported net income was ₹154M in FY2026, compounding −3.8%/yr from FY2022.
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Peer Group
Industrial Goods · 22 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace/Defense - Major Diversified” was too small, so the broader sector is used.)
Valuation Multiples vs Industrial Goods median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Aerospace/Defense - Major Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Bharat Electronics Limited 500049 | ₹404.00 | ₹294.84 | -27% |
| Taneja Aerospace and Aviation Limited 522229 | ₹312.30 | ₹96.54 | -69% |
| Garware Marine Industries Limited 509563 | ₹20.61 | ₹3.76 | -82% |
| Shree Cement Limited 500387 | ₹25,410 | ₹4,548 | -82% |
| Siemens Limited 500550 | ₹4,019 | ₹892.67 | -78% |
| Thermax Limited 500411 | ₹4,086 | ₹679.90 | -83% |
| GMM Pfaudler Limited 505255 | ₹1,045 | ₹247.43 | -76% |
| Carborundum Universal Limited 513375 | ₹1,152 | ₹194.24 | -83% |
| IRB Infrastructure Developers Limited 532947 | ₹19.33 | ₹19.49 | +1% |
| ELGI Equipments Limited 522074 | ₹609.05 | ₹194.23 | -68% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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