Magnetorotational instability (MRI) is one of the fundamental processes in astrophysics, driving angular momentum transport and mass accretion in a wide variety of cosmic objects. Despite much theoretical/numerical and experimental efforts over the last decades, its saturation mechanism and amplitude, which sets the angular momentum transport rate, remains not well understood, especially in the limit of high resistivity, or small magnetic Prandtl numbers typical to interiors (dead zones) of protoplanetary disks, liquid cores of planets and liquid metals in laboratory. Using direct numerical simulations, in this paper we investigate the nonlinear development and saturation properties of the helical magnetorotational instability (HMRI) -- a relative of the standard MRI -- in a magnetized Taylor-Couette flow at very low magnetic Prandtl number (correspondingly at low magnetic Reynolds number) relevant to liquid metals. For simplicity, the ratio of azimuthal field to axial field is kept fixed. From the linear theory of HMRI, it is known that the Elsasser number, or interaction parameter determines its growth rate and plays a special role in the dynamics. We show that this parameter is also important in the nonlinear problem. By increasing its value, a sudden transition from weakly nonlinear, where the system is slightly above the linear stability threshold, to strongly nonlinear, or turbulent regime occurs. We calculate the azimuthal and axial energy spectra corresponding to these two regimes and show that they differ qualitatively. Remarkably, the nonlinear state remains in all cases nearly axisymmetric suggesting that HMRI turbulence is quasi two-dimensional in nature. Although the contribution of non-axisymmetric modes increases moderately with the Elsasser number, their total energy remains much smaller than that of the axisymmetric ones.
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