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High Energy Batteries (India) Limited (HIGHENE) Fair Value & Analysis

Industrials · IN · Market cap ₹5.0B

HE High Energy Batteries (India) Limited HIGHENE · BSE
Price₹560.20
Fair Value₹248.13
Upside-55.7%
Quality57/100
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Evidence: High Range ₹160.04 – ₹362.01

Fair value as of: Jul 5, 2026

From 25 valuation models · updated today

Share price +12.4% over the past month.

Price vs Fair Value (12 months)

₹825.40 ₹488.03 Fair Value ₹248.13 Jun 2025 Jul 2026

12‑month range ₹488.03 – ₹825.40 · fair‑value band ₹160.04 – ₹362.01 · the ₹560.20 price screens above the ₹248.13 fair value. As of Jul 5, 2026.

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Analysis

High Energy Batteries (India) Limited (HIGHENE) currently trades at ₹560.20, while our model-based Fair Value estimate is ₹248.13 — implying the stock looks roughly 55.7% overvalued today. We read business quality at 57/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, High Energy Batteries (India) Limited generated revenue of ₹835M at a net margin of 18.4%. Revenue declined 17.7% year over year. It earns a return on equity of 14.6%. Net debt stands at ₹115M. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹160.04 (bear case) to ₹362.01 (bull case); at ₹560.20, the current price sits above that range. The share trades about 30% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -50% fair-value upside — at -56%, HIGHENE screens richer than that median.

Key figures & financial health

Revenue (TTM) ₹835M
Revenue growth (YoY) -17.7%
Net margin 18.4%
Return on equity 14.6%
Free cash flow ₹106M FY2026
P/E ratio 32.7
More key figures
Operating margin 38.1%
EPS (TTM) ₹17.14
Dividend yield 0.5%
EPS growth (YoY) -24.0%
Net debt ₹115M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

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 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; auto batteries, such as car and truck batteries; VRLA batteries; and other batteries. It also provides silver zinc, nickel cadmium, and silver chloride magnesium batteries. The company was incorporated in 1961 and is based in Chennai, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

High Energy Batteries (India) Limited reported revenue of ₹831M in FY2026 versus ₹793M in FY2022, a compound +1.2%/yr. Reported net income was ₹154M in FY2026, compounding −3.8%/yr from FY2022.

Revenue +1.2%/yr
FY22 ₹793M
FY23 ₹925M
FY24 ₹772M
FY25 ₹808M
FY26 ₹831M
Net income −3.8%/yr
FY22 ₹179M
FY23 ₹205M
FY24 ₹172M
FY25 ₹153M
FY26 ₹154M

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Cite: Fair Value Calculator (2026). "High Energy Batteries (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/HIGHENE

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Frequently asked questions

Is High Energy Batteries (India) Limited (HIGHENE) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹248.13 versus a price of ₹560.20 — about −56% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HIGHENE?
Our model-based fair value for High Energy Batteries (India) Limited is ₹248.13 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹560.20.
What is the quality score of HIGHENE?
High Energy Batteries (India) Limited has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of High Energy Batteries (India) Limited (HIGHENE)?
High Energy Batteries (India) Limited reported trailing-twelve-month revenue of about ₹835M (latest available figure, as of Jul 5, 2026).
What is the net profit margin of HIGHENE?
The net profit margin of High Energy Batteries (India) Limited is about 18.4%, meaning it keeps roughly 18.4% of revenue as net income. Based on the latest reported figures.
Does High Energy Batteries (India) Limited pay a dividend?
High Energy Batteries (India) Limited currently shows a dividend yield of about 0.54% relative to its recent price (as of Jul 5, 2026).

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.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.