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Utilities | Small Cap
Health Score : 5.99Hi-Green Carbon Ltd, operating in the Power & Utilities sector, showcases a mixed financial performance. The company demonstrates strong solvency and profitability, driven by a high equity ratio, solid return on capital employed, and robust operating margins. Revenue and asset growth are also notable strengths. However, liquidity is a significant concern, with all liquidity ratios indicating poor short-term financial health. While the company exhibits a good interest coverage ratio, its overall financial health score is pulled down by low scores in financial and efficiency ratios. The absence of dividends and inconsistent earnings growth present additional challenges. Despite these weaknesses, the company's strong asset base and profitability suggest potential for future improvement, contingent on addressing its liquidity issues and improving operational efficiency.
Health Score : 5.99Hi-Green Carbon Ltd, operating in the Power & Utilities sector, showcases a mixed financial performance. The company demonstrates strong solvency and profitability, driven by a high equity ratio, solid return on capital employed, and robust operating margins. Revenue and asset growth are also notable strengths. However, liquidity is a significant concern, with all liquidity ratios indicating poor short-term financial health. While the company exhibits a good interest coverage ratio, its overall financial health score is pulled down by low scores in financial and efficiency ratios. The absence of dividends and inconsistent earnings growth present additional challenges. Despite these weaknesses, the company's strong asset base and profitability suggest potential for future improvement, contingent on addressing its liquidity issues and improving operational efficiency.
Overall Valuation Score
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Last Traded Time
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Price Movement Indicator
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P/E RATIO (TTM)
38.55
Industry Median
22.85
Small Cap Median
22.85
P/E RATIO
93.98
P/B RATIO
3.58
Industry Median
1.96
Small Cap Median
1.96
P/S RATIO
2.32
Industry Median
2.32
Small Cap Median
2.32
Others
PEG RATIO
0.00
EV/EBITDA RATIO
17.22
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹128.75 as on Sep 1, 2026.
Growth Score : 6.00The company demonstrates strong growth in revenue and assets, indicating successful expansion and market penetration. However, earnings per share and net income growth are low, suggesting the company is not effectively converting its growth into profitability. While the company is growing, it should focus on improving its operational efficiency and cost management to ensure that growth translates into increased profitability and shareholder value.
Revenue Growth RateExcellentOperating Profit Growth RateExcellentEarnings Per Share (EPS) GrowthPoorAsset Growth RateExcellentNet Income Growth RatePoor| Growth Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue Growth Rate | -10.26 | 38.57 | 43.3 |
| Operating Profit Growth Rate | -10 | 5.56 | 21.05 |
| Earnings Per Share (EPS) Growth | -36.77 | 8.27 | -69.21 |
| Asset Growth Rate | 133.33 | 34.29 | 22.7 |
| Net Income Growth Rate | -16.67 | 10 | -72.73 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Hi-Green Carbon Ltd | 5.99 | 93.98 | Neutral | 23.00 | 3.34 | 3.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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No Stock News Available at This Moment.
Hi-Green Carbon Ltd. is a leading Indian recycler of waste tires, converting them into valuable resources like Recycled Carbon Black (RCB), steel wire, and furnace oil. Utilizing environmentally friendly pyrolysis technology, the company operates in the circular economy, supplying sustainable raw materials to industries such as rubber, plastics, and chemicals.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Hi-Green Carbon Ltd's P/E ratio (TTM) is 38.55, compared to the industry median of 22.85 and large cap median of 22.85.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Hi-Green Carbon Ltd's P/B ratio is 3.58, compared to the industry median of 1.96 and large cap median of 1.96.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Hi-Green Carbon Ltd's P/S ratio is 2.32, compared to the industry median of 2.32 and large cap median of 2.32.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Hi-Green Carbon Ltd's PEG ratio is 1.15.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Hi-Green Carbon Ltd's EV/EBITDA ratio is 17.22.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Hi-Green Carbon Ltd's ROE is 3.33%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Hi-Green Carbon Ltd's ROA is 13.29%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Hi-Green Carbon Ltd's ROCE is 10%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Hi-Green Carbon Ltd's operating margin is 16.55%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Hi-Green Carbon Ltd's net margin is 2.16%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Hi-Green Carbon Ltd's current ratio is 1.25.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Hi-Green Carbon Ltd's debt-to-equity ratio is 0.45.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Hi-Green Carbon Ltd's interest coverage ratio is 5.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Hi-Green Carbon Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Hi-Green Carbon Ltd's EPS is -69.21.
(Source line: "Ratios as of 23 Oct 2026, based on last traded price of ₹128.75. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2020
Headquarters: Ahmedabad, Gujarat
Core Offerings: Recycled Carbon Black (RCB), Steel Wire, Pyrolysis Oil, Furnace Oil
Stock Listing: NSE (HIGREEN), BSE ({bse})
Promoter: Shaileshkumar Vallabhdas Makadia, Amitkumar Hasmukhbhai Badiyani, Sarthak Pramodkumar Shah
2020: Incorporated as Hi-Green Carbon Limited on September 28, 2020.
2021: Commenced commercial production of Recycled Carbon Black (RCB) and steel wire at its Bhilwara, Rajasthan pyrolysis plant.
2023: Successfully completed its Initial Public Offering (IPO) and listed on the NSE SME platform, strengthening its market presence and financial capacity.
Present: Continues to expand its production capacity and portfolio in sustainable waste tire recycling and resource recovery.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Recycled Carbon Black (RCB) | 70-75% | Operating Profit |
| Steel Wire | 15-20% | Operating Profit |
| Pyrolysis Oil / Furnace Oil | 5-10% | Operating Profit |
Recycled Carbon Black (RCB): Produced from end-of-life tires through a pyrolysis process, RCB serves as an eco-friendly and cost-effective substitute for virgin carbon black in rubber, plastics, and ink industries.
Steel Wire: Extracted during the waste tire recycling process, this high-tensile steel is sold to various manufacturing units, including foundries and steel-based product manufacturers.
Pyrolysis Oil / Furnace Oil: A liquid fuel byproduct obtained from tire pyrolysis, extensively utilized as industrial fuel in boilers, furnaces, and power generation units.
Mr. Shaileshkumar Vallabhdas Makadia: Chairman & Whole-time Director. An experienced entrepreneur with over 15 years in waste tire recycling, he leads the company's strategic growth. Mr. Amitkumar Hasmukhbhai Badiyani: Managing Director. With strong operational expertise, he oversees daily production and ensures efficiency across the company's processes.
No major subsidiaries reported.
2023: Initial Public Offering (IPO) on NSE Emerge platform.
The Hi-Green Carbon Ltd share price today is ₹128.75 on NSE (HIGREEN), as of 24 Oct 2026.
As of 23 Oct 2026, Hi-Green Carbon Ltd share price is ₹128.75, with previous close ₹128.75. Today's range is ₹128.75 to ₹128.75. The 52-week range is ₹101.20 to ₹179.35.
As of today, Hi-Green Carbon Ltd's market cap is ₹321.88 crore (Small Cap).
Hi-Green Carbon Ltd's current P/E ratio is 38.55, compared to the UTILITIES sector average of 26.80.
Hi-Green Carbon Ltd's current P/B ratio is 3.58.
Hi-Green Carbon Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Hi-Green Carbon Ltd's EPS (TTM) is ₹-69.21.
Hi-Green Carbon Ltd. is a leading Indian recycler of waste tires, converting them into valuable resources like Recycled Carbon Black (RCB), steel wire, and furnace oil. Utilizing environmentally friendly pyrolysis technology, the company operates in the circular economy, supplying sustainable raw materials to industries such as rubber, plastics, and chemicals.
Hi-Green Carbon Ltd is promoted by Shaileshkumar Vallabhdas Makadia, Amitkumar Hasmukhbhai Badiyani, Sarthak Pramodkumar Shah, holding 71.92% as of 23 Oct 2026.
Hi-Green Carbon Ltd is listed on NSE (HIGREEN) and BSE ({bse}). Its next quarterly results are expected on May 2024.