Hi-Green Carbon Ltd.

•
₹ 132.74.74%

2026-08-21

higreencarbon.comBSE: -NSE: HIGREEN
Market Cap₹ 323 Cr.
Current Price₹ 127
High / Low₹ 232 / 101
Stock P/E0.0
Book Value₹ 34
Price to Book5.90
Dividend Yield0.00 %
ROCE13.9 %
ROE13.1 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.1%
  • Company has a healthy return on capital (ROCE) of 29.6%
  • Operating margins have improved to 20.5% from 17.4%
  • Working capital cycle has improved - days down from 155 to 75
  • Company comfortably covers its interest (11.3x coverage)
  • Company maintains a comfortable, low leverage position

CONS

  • Equity base is being diluted - shares outstanding up 31.5%
  • Stock is trading at 5.9x its book value
  • Rich enterprise valuation - EV/EBITDA of 26.1x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
ChemicalsChemicalsCarbon Black
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.HSCL750.2547.3737855.680.11228.4327.361431.8828.0422.4220.11
2.PCBL326.8549.6912860.331.84154.9364.642473.3717.0012.1115.99
3.GOACARBON356.8035.85326.510.00-6.5817.1865.70-67.02-4.49-6.71
4.HIGREEN129.2594.11323.000.00————12.79—
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
24
21
Operating Profit
4
OPM %
15
Other Income
0
Interest
0
Depreciation
3
0
Tax %
27
Net Profit
0
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
51
42
Operating Profit
9
OPM %
17
Other Income
0
Interest
1
Depreciation
3
5
Tax %
21
Net Profit
4
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2023
78
58
Operating Profit
20
OPM %
26
Other Income
0
Interest
1
Depreciation
3
16
Tax %
23
Net Profit
12
EPS
6
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Mar 2024
70
52
Operating Profit
18
OPM %
26
Other Income
0
Interest
1
Depreciation
3
14
Tax %
27
Net Profit
10
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2025
88
70
Operating Profit
20
OPM %
23
Other Income
2
Interest
1
Depreciation
6
13
Tax %
20
Net Profit
11
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4

COMPOUNDED SALES GROWTH

10 Years:
—
5 Years:
—
3 Years:
20%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
—
3 Years:
42%

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
-40%

RETURN ON EQUITY

10 Years:
—
5 Years:
28%
3 Years:
34%
Last Year:
13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

No bonus data found

Mar 2021
Equity Capital
19
-11
3
Trade Payables
7
11
Total Liabilities
30
16
Capital Work in Progress
0
0
10
0
Cash & Bank
0
3
Total Assets
30
Total Debt
18
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
4.24
Face Value
10.00
Total Debt
18
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
4.24
Face Value
10.00
Mar 2022
Equity Capital
19
-7
3
Trade Payables
5
12
Total Liabilities
31
17
Capital Work in Progress
0
0
9
0
Cash & Bank
0
5
Total Assets
31
Total Debt
16
Net Working Capital
4
Contingent Liabilities
0
Book Value per Share
6.18
Face Value
10.00
Total Debt
16
Net Working Capital
4
Contingent Liabilities
0
Book Value per Share
6.18
Face Value
10.00
Mar 2023
Equity Capital
19
5
9
Trade Payables
4
8
Total Liabilities
45
18
Capital Work in Progress
2
0
12
0
Cash & Bank
0
13
Total Assets
45
Total Debt
14
Net Working Capital
4
Contingent Liabilities
6
Book Value per Share
12.77
Face Value
10.00
Total Debt
14
Net Working Capital
4
Contingent Liabilities
6
Book Value per Share
12.77
Face Value
10.00
Mar 2024
Equity Capital
25
51
7
Trade Payables
1
23
Total Liabilities
105
18
Capital Work in Progress
8
5
11
8
Cash & Bank
10
45
Total Assets
105
Total Debt
24
Net Working Capital
30
Contingent Liabilities
6
Book Value per Share
30.22
Face Value
10.00
Total Debt
24
Net Working Capital
30
Contingent Liabilities
6
Book Value per Share
30.22
Face Value
10.00
Mar 2025
Equity Capital
25
61
9
Trade Payables
3
16
Total Liabilities
113
58
Capital Work in Progress
0
7
17
7
Cash & Bank
0
25
Total Assets
113
Total Debt
21
Net Working Capital
18
Contingent Liabilities
1
Book Value per Share
34.45
Face Value
10.00
Total Debt
21
Net Working Capital
18
Contingent Liabilities
1
Book Value per Share
34.45
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
-1
Cash from Investing
-1
Cash from Financing
2
-0
Free Cash Flow
-1
OCF / Net Profit
-12.37
Cumulative 5-Year FCF
0
OCF / Net Profit
-12.37
Cumulative 5-Year FCF
0
Mar 2022
7
Cash from Investing
-4
Cash from Financing
-3
-0
Free Cash Flow
3
OCF / Net Profit
1.82
Cumulative 5-Year FCF
0
OCF / Net Profit
1.82
Cumulative 5-Year FCF
0
Mar 2023
10
Cash from Investing
-6
Cash from Financing
-4
0
Free Cash Flow
4
OCF / Net Profit
0.80
Cumulative 5-Year FCF
0
OCF / Net Profit
0.80
Cumulative 5-Year FCF
0
Mar 2024
-2
Cash from Investing
-38
Cash from Financing
50
10
Free Cash Flow
-11
OCF / Net Profit
-0.18
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.18
Cumulative 5-Year FCF
0
Mar 2025
16
Cash from Investing
-22
Cash from Financing
-4
-10
Free Cash Flow
-22
OCF / Net Profit
1.52
Cumulative 5-Year FCF
0
OCF / Net Profit
1.52
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
EPS (₹)
0.05
Book Value (₹)
4.24
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.61
Operating Margin %
14.77%
Net Margin %
0.40%
ROE %
1.19%
ROCE %
2.36%
0.32%
Debtor Days
44
Inventory Days
156
Payable Days
159
41
Debt to Equity (x)
2.21x
Interest Coverage (x)
1.27x
1.23x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
1.94
Book Value (₹)
6.18
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.54
Operating Margin %
17.39%
Net Margin %
7.20%
ROE %
37.16%
ROCE %
21.86%
12.02%
Debtor Days
28
Inventory Days
70
Payable Days
65
34
Debt to Equity (x)
1.35x
Interest Coverage (x)
4.96x
1.41x
Revenue Growth %
110.57%
Operating Profit Growth %
147.93%
Net Profit Growth %
3736.81%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
6.50
Book Value (₹)
12.77
Dividend per Share (₹)
0.00
Cash EPS (₹)
8.14
Operating Margin %
26.18%
Net Margin %
15.84%
ROE %
68.60%
ROCE %
52.78%
32.16%
Debtor Days
25
Inventory Days
51
Payable Days
35
41
Debt to Equity (x)
0.56x
Interest Coverage (x)
13.30x
1.25x
Revenue Growth %
52.52%
Operating Profit Growth %
129.66%
Net Profit Growth %
235.66%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
4.11
Book Value (₹)
30.22
Dividend per Share (₹)
0.00
Cash EPS (₹)
5.34
Operating Margin %
25.33%
Net Margin %
14.55%
ROE %
20.60%
ROCE %
22.08%
13.63%
Debtor Days
35
Inventory Days
61
Payable Days
22
74
Debt to Equity (x)
0.32x
Interest Coverage (x)
13.01x
2.96x
Revenue Growth %
-9.88%
Operating Profit Growth %
-10.59%
Net Profit Growth %
-16.80%
-36.74%
P/E (x)
39.74x
P/B (x)
5.41x
Dividend Yield %
0.00%
23.14x
Mar 2025
EPS (₹)
4.23
Book Value (₹)
34.45
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.56
Operating Margin %
20.49%
Net Margin %
11.93%
ROE %
13.08%
ROCE %
13.94%
9.67%
Debtor Days
32
Inventory Days
58
Payable Days
10
79
Debt to Equity (x)
0.25x
Interest Coverage (x)
11.34x
2.06x
Revenue Growth %
25.77%
Operating Profit Growth %
10.88%
Net Profit Growth %
2.89%
2.89%
P/E (x)
48.02x
P/B (x)
5.90x
Dividend Yield %
0.00%
26.15x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
71.86
4.48
0.61
Government
0.00
23.05
Sep 2024
71.86
3.67
0.65
Government
0.00
23.82
Dec 2024
71.86
3.03
1.68
Government
0.00
23.43
Mar 2025
71.88
2.22
2.47
Government
0.00
23.42
Jun 2025
71.87
2.04
2.47
Government
0.00
23.62
Sep 2025
71.91
1.75
2.46
Government
0.00
23.88
Dec 2025
71.91
0.92
0.28
Government
0.00
26.89
Mar 2026
71.92
0.23
0.28
Government
0.00
27.58
Jun 2026
71.92
0.23
0.00
Government
0.00
27.85

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls