Scripscan:High Energy Batteries (India) Ltd
cmp:128
Code:504176
Story:High Energy Batteries (India) Limited engages in the manufacture and sale of batteries for use in army, navy, air force, and launch vehicles. It offers aircraft batteries, helicopter batteries, torpedo batteries, aerospace batteries, and batteries for other applications. The company designs, develops, and manufactures batteries in silver oxide zinc, nickel cadmium, silver chloride magnesium for applications, such as underwater propulsion, control guidance, and communication. It also engages in the research and development of nickel metal hydride cells, fuel cells, and cuprous chloride chemistry. The company is gearing itself to secure orders from the existing markets and also exploring the possibility of securing orders from new markets, mainly through exports.Its commercial production of lead acid batteries commenced from July 2009.Therefore, year on year comparison of the results not possible.A steep increase in price of silver and delays in execution of orders resulted in lower margin and consequent loss in the September 2009 quarter and half year. The company expects to return to profitable operations in the next quarters.Taking into consideration the pending orders on hand both domestic and Exports as also the pending enquiries and orders expected, the company expects to achieve a significant higher turnover in the current and coming fiscal.At present prices its a hold.
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