Manufactures specialised high-tech batteries for aerospace, naval and power-system applications, with the Aerospace Naval and Power System Batteries segment contributing all of FY26 revenue of Rs 83.5264 crore. Customers include the Indian Navy, DRDO, VSSC and other defence agencies that need strategic-grade batteries. The Lead Acid Storage Batteries division has been non-operational throughout FY26 citing unremunerative prices and contributed Rs 0 to revenue. The cost base is split across raw materials at 27.5% of revenue and employee costs at 26.3%, with other operating expenses at 21.5% and depreciation at 1.3%. The company reported an FY26 EBITDA margin of 28.37% and net profit of Rs 15.3918 crore. It is debt-free and declared a Rs 3 per share dividend for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Aerospace Naval and Power System Batteries (100%), Lead Acid Storage Batteries (0%). Niche, asset-light maker of specialised defence-grade batteries with a single active product line
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 80 | 93 | 78 | 81 | 84 |
| EBITDA (ex other income) | 29 | 31 | 23 | 17 | 18 |
| margin % | 37.1 | 33.5 | 28.9 | 21.4 | 21.3 |
| Owners' profit | 18 | 20 | 17 | 15 | 15 |
| EPS, as reported (₹) | 100.12 | 22.86 | 19.14 | 17.10 | 17.17 |
| ROE % · ROCE % | 32.2 · 47.0 | 27.9 · 39.7 | 19.6 · 27.4 | 15.4 · 21.4 | 13.8 · 19.6 |
| Debt / equity (x) | 0.44 | 0.28 | 0.05 | 0.11 | 0.10 |
| Cash from operations | 16 | 17 | 24 | 4 | 14 |
| Capex | (1) | (11) | (2) | (3) | (4) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 15 | 13 | 36 | 13 | 17 | 23 | 30 |
| Profit before tax | 4 | 2 | 1 | 13 | 1 | 3 | 7 | 10 |
| Net profit | 3 | 2 | 1 | 10 | 1 | 2 | 5 | 8 |
| EPS (₹) | 3.21 | 2.00 | 0.74 | 11.14 | 0.87 | 2.25 | 5.58 | 8.47 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JYOTHY LABS LIMITED | 7,164 | 19.3 | 3.50 | 12.9 | 18.1 | 22.4 | 10.7 | 18.5 |
| EVEREADY INDS. IND. LTD. | 2,624 | 14.7 | 4.21 | 12.9 | 27.5 | 21.4 | 3.1 | 15.1 |
| HIGH ENERGY BATTERIES (INDIA) ◆ | 530 | 34.5 | 4.76 | — | 13.8 | 18.0 | — | 37.3 |
| INDO-NATIONAL LIMITED | 239 | — | 0.78 | — | (8.7) | (7.8) | (3.2) | 0.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Jul 2026 · Q1 FY27 results: Net loss Rs 1.82 cr vs Rs 78L profit YoY | compliance | minimal | — | — |
| 25 Jul 2026 · Q1 FY27 Results: Net Loss of Rs 181.50 Lakhs vs Profit of Rs 78.36 Lakhs YoY | results | high | — | — |
| 25 Jul 2026 · Q1 FY27 net loss of Rs 181.50 lakh as revenue drops about 40 percent YoY | results | high | — | — |
| 25 Jul 2026 · Newspaper ad on special window for physical share demat transfer | compliance | minimal | — | — |
| 15 Jul 2026 · Filed Final Report with IEPFA on Saksham Niveshak Campaign | compliance | minimal | — | — |
| 10 Jul 2026 · Board meeting on 25 Jul 2026 to consider Q1 FY27 results | results | low | — | — |
| 10 Jul 2026 · Quarterly compliance certificate under SEBI Reg 74(5) filed | compliance | minimal | — | — |
| 27 Jun 2026 · Trading window closure for Q1 results from July 1 | compliance | minimal | — | — |
| 27 Jun 2026 · Re-appointment of Director (Operations) Mr. M Ignatius at 65th AGM | management changes | medium | — | — |
| 27 Jun 2026 · 65th AGM held on 27 Jun 2026; 4 resolutions passed, 150 percent dividend declared | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| PANASONIC ENERGY INDIA COMPANY |
| 197 |
| 36.0 |
| 1.91 |
| — |
| 3.4 |
| 5.2 |
| — |
| 5.9 |
| PEE CEE COSMA SOPE LTD. | 132 | 16.1 | 2.36 | 9.9 | 14.8 | 19.7 | — | 4.0 |
| YUVRAAJ HYGIENE PRODUCTS LTD. | 90 | 19.9 | 20.18 | — | 74.0 | 21.6 | — | 16.1 |
| AMBICA AGAR & AROMAINDLTD | 43 | 12.6 | 0.38 | — | 3.1 | 2.4 | — | 20.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.5 | 19.3 | 7 of 9 | 25% |
| P/B | 4.8 | 2.8 | 9 of 10 | 11% |
| ROCE | 18.0 | 11.6 | 5 of 10 | 56% |
| ROE | 13.8 | 8.6 | 5 of 10 | 56% |
| Debt / Equity | 0.1 | 0.1 | 5 of 10 | 56% |
| EBITDA margin | 37.3 | 10.5 | 1 of 10 | 100% |
| Revenue growth | (18.2) | 7.1 | 9 of 10 | 0% |
| Profit growth | (24.0) | 34.8 | 9 of 10 | 11% |
| Market cap | 530 | 165 | 3 of 10 | 78% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
