Hi-Green Carbon
- Market cap
- ₹ 349 Cr.
- P/E
- 67.3x
- P/B
- 3.81x
- 52-week range
- 101.2 – 199.3
- ROE
- 6%
- ROCE
- 10%
- Dividend yield
- 0%
- Debt / equity
- 0.7
- Sector
- Other Utilities
- Industry
- Waste Management
- Listed on
- NSE SME
About
Hi-Green Carbon Limited is an India-based company. The Company is engaged in the business of manufacturing and trading of hydrocarbon fuel by recycling waste rubber. The Company, through its pyrolysis process, transforms end-of-life tires (ELTs) into several secondary products such as Recovered Carbon Black, Tire Processing Oil, Sodium Silicate, Steel Scrap, and Synthesis Gas. It provides a range of grades in the SS-330, SS-550, and SH-665 series. Its carbon black grades serve as commercially accepted alternatives to industrial grades. All its grades are conveniently pelletized and packaged in standard bags or super sacks for efficient shipment. It also produces by-products, including Fuel Oil and Steel Wires. Its subsidiary, Samsara Recycling Private Limited, is engaged in the production of crumb rubber from waste tires. Utilizing a fully indigenous production facility, the Company has developed a patented approximately 100-ton-per-day (TPD) process plant.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Waste Management: 16 companies →Hi-Green Carbon against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)67.3 against a typical 21.4: pricier than most peers (1st = cheapest).16th of 16
- Sales growth+89.2% against a typical +45.5% from a year earlier.4th of 15
- Profit growth−120% against a typical +38.5% from a year earlier.14th of 15
- Share price, 3 months+5.9% against a typical −11.2%.4th of 15
- Size₹ 349.5 Cr. market value against a typical ₹ 349.5 Cr. (1st = largest).8th of 15
Latest announcements
Exchange filings and their impact on the company.
- WOS secured Rs 18.5 cr 7-year MP incentive (~Rs 2.6 cr/year) for its new plant, materially lifting tiny profit base.
Shantol Recycling, wholly owned subsidiary of Hi-Green Carbon, received sanction from Madhya Pradesh Directorate of Industries for incentives under the MP MSME Development Policy 2025 for its new Dhar plant. The plant cost Rs 50.84 cr projected, with Rs 46.55 cr invested and operations started in May 2026, entitling it to Rs 18.46 cr over 7 years at Rs 2.64 cr per year. The company will invest a further Rs 12.28 cr including a sodium silicate plant and will seek about Rs 4.91 cr additional incentives.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 26 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 28 Jun 2025 | Other business matters | Hi-Green Carbon Limited has informed the Exchange regarding Board meeting held on Jun 28, 2025 |
| 27 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
| 13 Nov 2024 | Financial Results | To consider and approve the financial results for the period ended September 30, 2024 |
| 4 Jul 2024 | Other business matters | To consider and approve the revised Cash Flow Statement as per Query received from Exchange along with other business transactions. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 |
| Profit before tax | 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 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 21%
- TTM
- 43%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −25%
- TTM
- −46%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 13%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Hi-Green Carbon | ₹ 140.20 | ₹ 349 Cr. | 67.3x | 3.8x | 6% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 102.6x | 27.4x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.5x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 108.7x | 14x | 13.6% | 21.7% |
Management
- Amitkumar Hasmukhrai Bhalodi
- Chief Financial Officer, Managing Director
- Sagar Dhirubhai Siyani
- Compliance Officer, Company Secretary
- Nirmalkumar Karshandas Sutaria
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.