Hi-Green Carbon Ltd

Hi-Green Carbon Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hi-Green Carbon Ltd

₹ 255 -1.28%
11 Dec 3:46 p.m.
Company website NSE - SME: HIGREEN
About

Incorporated in 2011, Hi-Green Carbon
Ltd manufactures and recycles waste
rubber and to produce hydro carbon
fuel[1]

Key Points

Business Overview:[1][2]
HGCL is a part of the Radhe Group of Energy, a renewable energy conglomerate. It is an ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015 certified waste tyre recycling processor. It deals in Recovered Carbon Black (RCB), Steel Wires, Fuel Oil and Synthesis Gas which are produced from pyrolysis process on end-of-life tyres
(ELTs). HGCL further processes synthesis gas to manufacture Sodium silicate (Raw glass).

Website NSE - ST
  • Market Cap ₹ 637 Cr.
  • Current Price ₹ 255
  • High / Low ₹ 326 / 141
  • Stock P/E 61.3
  • Book Value ₹ 32.3
  • Dividend Yield 0.00 %
  • ROCE 21.9 %
  • ROE 20.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 52.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.7%

Cons

  • Stock is trading at 7.88 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 32.9 to 40.6 days.
  • Working capital days have increased from 94.1 days to 155 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
44 34 33 37 36
34 24 25 27 29
Operating Profit 10 10 8 10 7
OPM % 22% 31% 25% 26% 20%
0 0 0 0 1
Interest 1 1 1 1 0
Depreciation 2 2 1 2 1
Profit before tax 8 8 6 8 6
Tax % 24% 22% 16% 35% 7%
6 7 5 5 5
EPS in Rs 3.04 3.46 2.08 2.04 2.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
26 25 24 51 78 70 73
20 17 20 42 58 52 56
Operating Profit 6 8 4 9 20 18 17
OPM % 24% 30% 15% 18% 26% 25% 23%
0 0 0 0 0 0 1
Interest 1 1 1 1 1 1 1
Depreciation 3 3 3 3 3 3 3
Profit before tax 2 4 0 5 16 14 14
Tax % 44% 27% 15% 20% 23% 27%
1 3 0 4 12 10 10
EPS in Rs 0.66 1.41 0.12 1.96 6.50 4.11 4.16
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 43%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 52%
3 Years: 259%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 52%
Return on Equity
10 Years: %
5 Years: 31%
3 Years: 34%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 19 19 19 19 19 25 25
Reserves -14 -11 -11 -7 5 51 56
13 14 18 16 14 24 28
9 6 7 5 8 6 7
Total Liabilities 27 28 33 33 45 105 115
15 17 16 17 18 18 18
CWIP 0 0 0 0 2 8 38
Investments 0 0 0 0 0 5 5
12 10 17 16 26 75 55
Total Assets 27 28 33 33 45 105 115

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 1 -0 6 10 -2
-3 -5 -1 -4 -6 -38
-9 4 1 -3 -4 50
Net Cash Flow -0 0 -0 -0 0 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 29 31 45 32 26 41
Inventory Days 112 124 231 101 93 98
Days Payable 190 160 158 52 33 5
Cash Conversion Cycle -50 -5 118 81 86 133
Working Capital Days -74 16 97 62 65 155
ROCE % 22% 3% 22% 53% 22%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.83% 71.83% 71.86% 71.86% 71.86%
6.94% 6.40% 5.87% 4.48% 3.67%
3.74% 0.27% 0.00% 0.61% 0.65%
17.49% 21.50% 22.29% 23.05% 23.82%
No. of Shareholders 1,9571,5441,6832,1232,270

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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