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Hi-Green Carbon Ltd (HIGREEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: HIGREEN Carbon Black | Small Cap | Hi-Green Carbon Share Price

BSE Share Price
Not Listed

Hi-Green Carbon Ltd (HIGREEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: HIGREEN Carbon Black | Small Cap | Hi-Green Carbon Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹362 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹1.4
TTM Sales
₹139 Cr.
Book Value per Share
₹36.1
P/E Ratio
105.44
Higher than its 5-year historical median
Industry PE
33.6
Price to Book (P/B)
4.02
Lower than its 5-year historical median
Price to Sales (P/S)
2.61
Lower than its 5-year historical median
EV/EBITDA
16.47
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
3.88%
Underperforms industry median
Return on Capital Employed (ROCE)
6.37%
Underperforms industry median
Return on Assets (ROA)
2.19%
Underperforms industry median
Operating Profit Margin
16.7%
In line with industry median
Net Profit Margin
2.47%
Underperforms industry median
Gross Profit Margin
17.4%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.82%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
21.01%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-69.18%
Asset Quality
Promoter Holding
71.97%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹65 Cr.
Equity
₹25 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00

Hi-Green Carbon stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Somewhat Undervalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Hi-Green Carbon Ltd a good quality company?
Hi-Green Carbon Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Hi-Green Carbon Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hi-Green Carbon Ltd vs industry peers?
Hi-Green Carbon Ltd revenue CAGR is 21.17%, compared to the industry median CAGR of 8.06%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Hi-Green Carbon Ltd?
Promoters hold 71.97% of the Hi-Green Carbon Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hi-Green Carbon Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -1.47% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hi-Green Carbon Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ2.4%21.9%52.8%22.1%13.9%12.6%-
Value Creation
Index ⓘ		-0.80.62.80.6-0-0.1-

Growth Parameters ⓘ
Sales ⓘ24.351.17870.388.4115115
Sales YoY Gr.-110.6%52.5%-9.9%25.8%29.8%-
Adj EPS ⓘ0.11.96.54.13.93.33.3
YoY Gr.-3760%235.2%-36.8%-5.4%-14%-
BVPS (₹) ⓘ4.26.212.830.234.537.837.8
Adj Net
Profit ⓘ		0.13.712.310.29.78.38
Cash Flow from Ops. ⓘ-1.26.79.9-1.91629.7-
Debt/CF from Ops. ⓘ-152.41.4-12.91.31-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA36.4%13.7%29.8%
Adj EPS ⓘNA131.6%-19.9%-14%
BVPSⓘNA54.9%43.6%9.7%
Share Price - - -1.5% -25%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		1.23768.320.5129.28.8
Op. Profit
Mgn % ⓘ		13.517.325.725.520.618.2NAN
Net Profit
Mgn % ⓘ		0.47.215.814.510.97.37.3
Debt to
Equity ⓘ		2.21.40.60.30.30.3-
Working Cap
Days ⓘ		0101942332331830
Cash Conv.
Cycle ⓘ		050487981700

Valuation of Hi-Green Carbon - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales787097139
Operating Expenses ⓘ + 585278116
Manufacturing Costs45710
Material Costs48426494
Employee Cost 1124
Other Costs ⓘ 4457
Operating Profit ⓘ 20181923
Operating Profit Margin (%) 25.7%25.5%19.8%16.7%
Other Income ⓘ + 0023
Exceptional Items ⓘ 000-6
Interest ⓘ 1112
Depreciation ⓘ 33611
Profit Before Tax ⓘ 1614148
Tax ⓘ 4424
Profit After Tax 1210113
PAT Margin (%) 15.8%14.6%11.5%2.5%
Adjusted EPS (₹)6.54.14.51.4
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 24768790
Share Capital ⓘ 1924.9924.9924.99
Reserves ⓘ 5516265
Debt +13214058
Long Term Debt4143140
Short Term Debt97918
Minority Interest000-0
Trade Payables41413
Others Liabilities ⓘ 491012
Total Liabilities ⓘ 45105141172

Fixed Assets

Net Fixed Assets ⓘ +18226968
Gross Block4552105114
Accumulated Depreciation27303646
CWIP ⓘ 28952
Investments ⓘ 0000
Inventories12112024
Trade Receivables6897
Cash Equivalents 01000
Others Assets ⓘ 8463521
Total Assets ⓘ 45105141172
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 10-21216
PBT ⓘ 1614148
Adjustment ⓘ 44617
Changes in Working Capital ⓘ -10-15-6-5
Tax Paid ⓘ -0-5-1-3
Cash Flow From Investing Activity ⓘ + -6-38-44-30
Capex -6-13-53-53
Net Investments 00-00
Others ⓘ 0-25822
Cash Flow From Financing Activity ⓘ + -4502214
Net Proceeds from Shares ⓘ 04100
Net Proceeds from Borrowing ⓘ 110179
Interest Paid ⓘ -1-1-1-2
Dividend Paid ⓘ 0000
Others ⓘ -3067
Net Cash Flow ⓘ 010-100
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)50.920.613.733.88
ROCE (%)45.6222.0812.796.37
Asset Turnover Ratio1.710.940.790.89
PAT to CFO Conversion(x)0.83-0.21.095.33
Working Capital Days
Receivable Days26.3034.7030.7021
Inventory Days57.5061.1058.7057.60
Payable Days3321.601332.10

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

Hi-Green Carbon Ltd FAQs

The current trading price of Hi-Green Carbon on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Hi-Green Carbon stood at ₹361.9 Cr

The latest P/E ratio of Hi-Green Carbon as of 31-Dec-1969 is 43.32.

The latest P/B ratio of Hi-Green Carbon as of 31-Dec-1969 is 3.83.

The 52-week high of Hi-Green Carbon is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hi-Green Carbon is ₹115 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hi-Green Carbon Ltd is a below average quality company.

The key valuation ratios of Hi-Green Carbon Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hi-Green Carbon Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Hi-Green Carbon Ltd

Hi-Green Carbon was originally incorporated as ‘Shantol Green Hydrocarbons (India) Private Limited’ as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 29, 2011, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. 

Hi-Green Carbon is engaged in the business of waste tyres recycling. Its manufacturing plant operates on continuous pyrolysis process. It is an uninterrupted working method with continuous feeding and discharging system controlled by the program logic controller system. The process is fully automatic and requires almost no human intervention. Following continuous pyrolysis, the company processes the end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (RCB) and Steel Wires under Raw Material Category, Fuel Oil and Synthesis Gas under Energy components category. In order to utilise the energy in efficient manner, the company utilises said synthesis gas, produced as by product of the pyrolysis process, for also manufacturing sodium silicate commonly known as raw glass.

The company follows the highest quality practice and compliant with Highest Environmental, Health, and Safety (EHS) in recycle industries. The company has modern, Supervisory Control and Data Acquisition (SCADA) operated in integrated recycling plant at its manufacturing plant situated in Rajasthan. Its production facility at Rajasthan is installed with capacity of recycling of 100 MT waste tyres per day. The company has been certified with Environmental Management Measures with ISO 14001:2015, Occupational Health & Safety Management standards with ISO 45001:2018, Quality Management Standards with ISO 9001:2015, Good Manufacturing Practice (GMP) and RoHS. Its product is REACH complied in terms of sustainability standards.

Business area of the company

The company is engaged in the business of recycling of waste rubber, waste tire, e-waste & other waste materials and to produce Hydrocarbon Fuel, Recovered Carbon Black, Metal scraps and other residue materials as may be produced directly or indirectly from the process for sale in India and outside India and to carry on other business relating to energy conservation and recycling.

Products of the company

  • Recovered carbon black
  • Tyre Processing Oil (TPO)
  • Fuel oil
  • Steel wires
  • Sodium silicate

History and milestones 

  • 2011: The Company was incorporated as a private limited company under the name Shantol Green. Hydrocarbons (India) Private Limited.
  • 2023: Certified with Environmental Management System with ISO 14001:2015.
  • 2023: Certified with Occupational Health & Safety Management System with ISO 45001:2018.
  • 2023: Certified with Quality Management System with ISO 9001:2015.
  • 2023: Certificate of compliance for with the requirements of standard of Good Manufacturing Practice (GMP) for Manufacturing of Recovered Carbon Black and Fuel Oil.
  • 2023: Certificate of compliance in terms of sustainability standards-REACH (Registration, Evaluation and Authorization of Chemical Substances).
  • 2023: Conversion of the company from Private Limited to Public Limited Company.
  • 2023: The Company has incorporated wholly owned subsidiary company name as ‘Shantol Recycling Private Limited’.
  • 2024: It was awarded ISCC Plus certification, acquired land in Madhya Pradesh through its subsidiary for a third plant.
  • 2024: It successfully commissioned its second 100 TPD pyrolysis plant in Maharashtra in November.
  • 2025: It commissioned a 529 KW solar power plant at its Rajasthan unit, commenced machinery erection at its Madhya Pradesh plant, and acquired Samsara Recycling Pvt. Ltd., a crumb rubber manufacturer.

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