Company Overview
High Energy Batteries (India) Limited (CIN: L36999TN1961PLC004606) is a defence-focused battery manufacturer specializing in aerospace, naval and power system applications. The company reported FY26 financial results and announced corporate actions including dividend declaration.
Financial Performance
FY26 net profit marginally increased to ₹1,539.18 lakhs from ₹1,532.99 lakhs in FY25, representing 0.4% growth. Total income reached ₹8,940.82 lakhs with sales of ₹8,310.24 lakhs (net of GST). The company recognized an exceptional item of ₹124.66 lakhs for additional liability arising from implementation of four Labour Codes notified in November 2025, covering gratuity and leave benefits provisions.
Dividend Declaration & AGM Details
The Board recommended dividend of ₹3 per equity share (150%) on 89.63 lakh shares, with record date set for June 12, 2026 and payment to be made by July 4, 2026. The 65th Annual General Meeting is scheduled for June 27, 2026 to be held virtually via VC/OAVM to adopt financial statements and declare dividend.
Segment Performance
The aerospace, naval and power systems segment generated revenue of ₹8,352.64 lakhs with segment result of ₹2,135.85 lakhs. Silver Zinc batteries contributed ₹7,660.28 lakhs while Nickel Cadmium batteries accounted for ₹649.96 lakhs. The lead acid battery division remained suspended since April 2019 due to non-remunerative prices, recording a loss of ₹61.15 lakhs.
R&D and Business Outlook
Significant R&D focus includes DRDO programs for Silver Zinc batteries, Nicad Pocket Plate batteries for Railways, flow batteries (10 kW/50 kWh rating evaluation completed), lithium-ion battery facility, and electrolyzer projects. The company maintains confirmed order book of ₹56 crores with potential orders of ₹101 crores expected within next 6 months.
Corporate Governance & Shareholding
The company maintains full regulatory compliance with SEBI LODR Regulations. Shareholding pattern shows 43.07% promoter holding, 44.51% public holding, and 5.99% institutional holding among 22,530 shareholders. Defined benefit obligation for post-employment plans increased significantly to ₹552.89 lakhs from ₹373.87 lakhs due to labour code impacts.
Credit Rating & MSME Status
India Ratings upgraded the company to IND BBB/Stable for long-term facilities and IND A3+ for short-term facilities. The company is classified as "Small" enterprise under MSME with UDYAM Registration No: UDYAM-TN-02-0000445 effective April 1, 2025.