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

₹ 120 0.93%
03 Jun 12:34 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 ₹ 300 Cr.
  • Current Price ₹ 120
  • High / Low ₹ 266 / 101
  • Stock P/E 56.8
  • Book Value ₹ 36.0
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE 5.98 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Debtor days have improved from 30.8 to 19.6 days.
  • Company's working capital requirements have reduced from 63.9 days to 21.9 days

Cons

  • Stock is trading at 3.36 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.6% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Part of Nifty SME Emerge

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
44 34 33 37 36 61 69 70
34 24 25 27 29 49 58 57
Operating Profit 10 10 8 10 7 12 11 12
OPM % 22% 31% 25% 26% 20% 20% 15% 18%
0 0 0 0 1 2 1 -5
Interest 1 1 1 1 0 1 1 1
Depreciation 2 2 1 2 1 5 5 5
Profit before tax 8 8 6 8 6 8 6 2
Tax % 24% 22% 16% 35% 7% 25% 21% 182%
6 7 5 5 5 6 5 -1
EPS in Rs 3.04 3.46 2.08 2.04 2.12 2.33 1.89 -0.52
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
78 70 97 139
58 52 77 116
Operating Profit 20 18 19 23
OPM % 26% 25% 20% 17%
0 0 2 -3
Interest 1 1 2 2
Depreciation 3 3 6 11
Profit before tax 16 14 14 8
Tax % 23% 27% 18% 55%
12 10 11 3
EPS in Rs 6.50 4.11 4.45 1.37
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 43%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -25%
TTM: -47%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -46%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 19 25 25 25
Reserves 5 51 62 65
14 24 47 63
8 6 7 20
Total Liabilities 45 105 141 173
18 22 69 68
CWIP 2 8 9 52
Investments 0 0 0 0
26 75 64 54
Total Assets 45 105 141 173

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
10 -2 12 16
-6 -38 -44 -30
-4 50 22 14
Net Cash Flow 0 10 -10 0
Free Cash Flow 4 -15 -40 -37
CFO/OP 50% 18% 70% 83%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 26 41 32 20
Inventory Days 93 98 113 93
Days Payable 33 6 22 49
Cash Conversion Cycle 86 133 123 63
Working Capital Days 20 101 69 22
ROCE % 22% 12% 10%

Insights

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

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Waste Tyre Processed Volume
Metric Tons
rCB Installed Capacity
TPD ・Standalone data
Sodium Silicate Production Volume
Metric Tons ・Standalone data
TPO (Tyre Pyrolysis Oil) Production Volume
Metric Tons ・Standalone data
Composite Capacity Utilization
%
Number of Full-Time Employees
Number ・Standalone data
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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Documents

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