Hi-Green Carbon
HIGREEN NSE
Hi-Green Carbon
UtilitiesNSE: HIGREEN Waste Management
Key Fundamentals
SMEWaste ManagementUtilitiesMarket Cap
₹305 Cr
Volatility
Moderate
P/E Ratio
89.1
EBITDA
₹17.31 Cr
Return on Equity
12.84%
Debt to Equity
0.7
Book Value
₹36.05
52W High
₹232.2
52W Low
₹101.2
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- 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
Weaknesses
4- Stock is trading at 3.33 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
Growth Rate
Revenue Growth
40.22% higher than
3Y
Net Income Growth
-78.38% lower than
3Y
Cash Flow Change
775% higher than
3Y
ROE
-5.66% lower than
3Y
ROCE
-25.16% higher than
3Y
EBITDA Margin (Avg.)
-42.84% higher than
3Y
Quarterly Results
| Particulars | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 44 | 34 | 33 | 37 | 36 | 61 | 69 | 70 |
| Expenses | 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% |
| Other Income | 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 |
| PBT | 8 | 8 | 6 | 8 | 6 | 8 | 6 | 2 |
| Tax % | 24% | 22% | 16% | 35% | 7% | 25% | 21% | 182% |
| Net Profit | 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 |
Profit & Loss
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 78 | 70 | 97 | 139 |
| Expenses | 58 | 52 | 77 | 116 |
| Operating Profit | 20 | 18 | 19 | 23 |
| OPM % | 26% | 25% | 20% | 17% |
| Other Income | 0 | 0 | 2 | -3 |
| Interest | 1 | 1 | 2 | 2 |
| Depreciation | 3 | 3 | 6 | 11 |
| PBT | 16 | 14 | 14 | 8 |
| Tax % | 23% | 27% | 18% | 55% |
| Net Profit | 12 | 10 | 11 | 3 |
| EPS in Rs | 6.5 | 4.11 | 4.45 | 1.37 |
| Div. Payout % | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 19 | 25 | 25 | 25 |
| Reserves | 5 | 51 | 62 | 65 |
| Borrowings | 14 | 24 | 47 | 63 |
| Other Liabilities | 8 | 6 | 7 | 20 |
| Total Liabilities | 45 | 105 | 141 | 173 |
| Fixed Assets | 18 | 22 | 69 | 68 |
| CWIP | 2 | 8 | 9 | 52 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 26 | 75 | 64 | 54 |
| Total Assets | 45 | 105 | 141 | 173 |
Cash Flow
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | 10 | -2 | 12 | 16 |
| Investing | -6 | -38 | -44 | -30 |
| Financing | -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
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hi-Green Carbon insights
56 extracted metrics + investor summaries across FY23–FY26.
Documents
1
Copy of Newspaper Publication
12 Sep - Published postal ballot advertisement to approve migration from NSE EMERGE to Main Board. 12 Sep - Published postal ballot advertisement to approve migration from NSE EMERGE to Main Board.
2
Shareholders meeting
11 Sep - Postal ballot seeks approval to migrate Hi-Green Carbon from NSE Emerge to NSE Main Board; e-voting Sep 12-Oct 11, 2026. 11 Sep - Postal ballot seeks approval to migrate Hi-Green Carbon from NSE Emerge to NSE Main Board; e-voting Sep 12-Oct 11, 2026.
3
Outcome of Board Meeting
7 Sep - Board approved migration from NSE Emerge to Main Board, subject to approvals; postal ballot notice approved. 7 Sep - Board approved migration from NSE Emerge to Main Board, subject to approvals; postal ballot notice approved.
4
Copy of Newspaper Publication
4 Sep - 15th AGM notice and e-voting ad published Sept. 4; AGM on Sept. 29, 2026 at 11:00 AM. 4 Sep - 15th AGM notice and e-voting ad published Sept. 4; AGM on Sept. 29, 2026 at 11:00 AM.
5
Shareholders meeting
3 Sep - 15th AGM on September 29, 2026; FY2025-26 annual report, audited statements, and cost auditor ratification. 3 Sep - 15th AGM on September 29, 2026; FY2025-26 annual report, audited statements, and cost auditor ratification.
Frequently Asked Questions about Hi-Green Carbon
What does Hi-Green Carbon Ltd do?
Incorporated in 2011, Hi-Green Carbon
Ltd manufactures and recycles waste
rubber and to produce hydro carbon
fuel[1]
Where is Hi-Green Carbon Ltd (HIGREEN) listed?
Hi-Green Carbon Ltd trades as HIGREEN on the NSE.
Which sector does Hi-Green Carbon Ltd belong to?
Hi-Green Carbon Ltd is classified under the Utilities sector, in the Waste Management industry.
What is the market capitalisation of Hi-Green Carbon Ltd?
Hi-Green Carbon Ltd has a market capitalisation of ₹304.75 Cr, which places it in the Small Cap band.
What is the PE ratio of Hi-Green Carbon Ltd?
Hi-Green Carbon Ltd trades at a PE ratio of 89.10, against a book value of ₹36.05 per share.
What is the 52-week high and low of Hi-Green Carbon Ltd?
Over the last 52 weeks Hi-Green Carbon Ltd has traded between ₹101.2 and ₹232.2.
What is the Return on Equity (ROE) of Hi-Green Carbon Ltd?
Hi-Green Carbon Ltd reported a return on equity of 12.84%. Its debt-to-equity ratio is 0.70.
Company Information
Incorporated in 2011, Hi-Green Carbon Ltd manufactures and recycles waste rubber and to produce hydro carbon fuel[1]
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