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

₹ 122 2.61%
03 Jun 1:27 p.m.
higreencarbon.com 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 - SM
  • Market Cap ₹ 305 Cr.
  • Current Price ₹ 122
  • High / Low ₹ 266 / 101
  • Stock P/E 36.5
  • Book Value ₹ 37.8
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 9.25 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 31.5 to 23.0 days.
  • Company's working capital requirements have reduced from 72.1 days to 37.4 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.7% over last 3 years.

* 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

Utilities Utilities Other Utilities Waste Management

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
44 34 33 37 36 52 60 55
34 24 25 27 29 41 47 46
Operating Profit 10 10 8 10 7 11 12 8
OPM % 22% 31% 25% 26% 20% 21% 21% 15%
0 0 0 0 1 2 1 2
Interest 1 1 1 1 0 1 1 1
Depreciation 2 2 1 2 1 4 5 5
Profit before tax 8 8 6 8 6 7 8 5
Tax % 24% 22% 16% 35% 7% 29% 16% 67%
6 7 5 5 5 5 7 2
EPS in Rs 3.04 3.46 2.08 2.04 2.12 2.11 2.65 0.69
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
26 25 24 51 78 70 88 115
20 17 20 42 58 52 70 94
Operating Profit 6 8 4 9 20 18 18 21
OPM % 24% 30% 15% 18% 26% 25% 21% 18%
0 0 0 0 0 0 2 3
Interest 1 1 1 1 1 1 2 1
Depreciation 3 3 3 3 3 3 6 10
Profit before tax 2 4 0 5 16 14 13 13
Tax % 44% 27% 15% 20% 23% 27% 20% 36%
1 3 0 4 12 10 11 8
EPS in Rs 0.66 1.41 0.12 1.96 6.50 4.11 4.23 3.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: 14%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 107%
3 Years: -12%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -46%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 13%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 19 19 19 19 19 25 25 25
Reserves -14 -11 -11 -7 5 51 61 69
13 14 18 16 14 24 21 29
9 6 7 5 8 6 6 12
Total Liabilities 27 28 33 33 45 105 113 135
15 17 16 17 18 18 58 56
CWIP 0 0 0 0 2 8 0 0
Investments 0 0 0 0 0 5 7 13
12 10 17 16 26 75 49 67
Total Assets 27 28 33 33 45 105 113 135

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
12 1 -0 6 10 -2 16 30
-3 -5 -1 -4 -6 -38 -22 -36
-9 4 1 -3 -4 50 -4 6
Net Cash Flow -0 0 -0 -0 0 10 -10 0
Free Cash Flow 9 -4 -2 3 4 -11 -21 22
CFO/OP 198% 17% -8% 70% 50% 17% 93% 158%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 29 31 45 32 26 41 31 23
Inventory Days 112 124 231 101 93 98 105 104
Days Payable 190 160 158 52 33 5 17 25
Cash Conversion Cycle -50 -5 118 81 86 133 120 103
Working Capital Days -107 -21 -106 -31 20 104 75 37
ROCE % 22% 3% 22% 53% 22% 13% 13%

Insights

In beta
Mar 2017 Mar 2021 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Installed Waste Tyre Processing Capacity
TPD

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Waste Tyre Processed Volume
Metric Tons
rCB Installed Capacity
TPD
Sodium Silicate Production Volume
Metric Tons
TPO (Tyre Pyrolysis Oil) Production Volume
Metric Tons
Composite Capacity Utilization
%
Number of Full-Time Employees
Number
Samsara Recycling Daily Capacity
Metric Tons
Samsara Recycling Supply Contribution Target
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.83% 71.83% 71.86% 71.86% 71.86% 71.86% 71.88% 71.87% 71.91% 71.91% 71.92%
6.94% 6.40% 5.87% 4.48% 3.67% 3.03% 2.22% 2.04% 1.75% 0.92% 0.23%
3.74% 0.27% 0.00% 0.61% 0.65% 1.68% 2.47% 2.47% 2.46% 0.28% 0.28%
17.49% 21.50% 22.29% 23.05% 23.82% 23.43% 23.42% 23.62% 23.88% 26.89% 27.58%
No. of Shareholders 1,9571,5441,6832,1232,2702,1682,0042,0122,0612,2092,185

* 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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