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Hi-Green Carbon (HIGREEN)₹129.25−2.23%Waste Management
In the Sep 2026 quarter (consolidated), Hi-Green Carbon reported sales of ₹98.18 Cr, up 42.0% from Sep 2025, and net profit of ₹6.99 Cr, up 40.1% year on year. For the year to Mar 2026, sales were ₹139 Cr and net profit ₹2.99 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 33.03 | 37.06 | 36.04 | 61.11 | 69.13 | 70.13 | 98.18 |
| Expenses | 24.95 | 26.95 | 28.93 | 48.87 | 57.90 | 56.86 | 78.83 |
| Operating Profit | 8.02 | 10.03 | 7.02 | 12.03 | 11.03 | 12.04 | 19.07 |
| OPM % | 25.1% | 26.1% | 20.1% | 20.0% | 15.1% | 18.0% | 20.0% |
| Other Income | 0.00 | 0.00 | 0.99 | 1.99 | 0.99 | −4.99 | 0.99 |
| Interest | 0.99 | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 1.99 |
| Depreciation | 1.01 | 2.01 | 1.01 | 5.02 | 5.01 | 5.01 | 9.03 |
| Profit before tax | 6.01 | 8.01 | 6.01 | 8.01 | 6.01 | 2.01 | 10.01 |
| Tax % | 16.0% | 35.0% | 7.0% | 25.0% | 21.0% | 182.0% | 30.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −2.15 | 0.00 |
| Net Profit | 4.99 | 4.99 | 4.99 | 5.99 | 4.99 | −0.99 | 6.99 |
| EPS (Rs) | 2.09 | 2.05 | 2.13 | 2.34 | 1.90 | −0.53 | 2.68 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 78.10 | 70.11 | 97.18 | 139 |
| Expenses | 57.87 | 51.90 | 76.80 | 116 |
| Operating Profit | 20.05 | 18.05 | 19.05 | 23.08 |
| OPM % | 26.0% | 25.1% | 20.0% | 17.0% |
| Other Income | 0.00 | 0.00 | 1.99 | −2.99 |
| Interest | 0.99 | 0.99 | 1.99 | 1.99 |
| Depreciation | 3.01 | 3.01 | 6.02 | 11.03 |
| Profit before tax | 16.01 | 14.02 | 14.01 | 8.01 |
| Tax % | 23.0% | 27.0% | 18.0% | 55.0% |
| Exceptional items | 0.00 | 0.07 | 1.51 | −1.73 |
| Net Profit | 11.98 | 9.98 | 10.98 | 2.99 |
| EPS (Rs) | 6.52 | 4.12 | 4.46 | 1.38 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 19.00 | 25.02 | 25.05 | 24.96 |
| Reserves | 5.00 | 51.06 | 62.10 | 64.95 |
| Borrowings | 14.05 | 24.08 | 47.16 | 63.16 |
| Other Liabilities | 8.03 | 6.03 | 7.04 | 20.08 |
| Total Liabilities | 45.08 | 105 | 141 | 173 |
| Fixed Assets | 18.05 | 22.06 | 69.20 | 68.13 |
| CWIP | 1.99 | 7.98 | 8.99 | 51.89 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 26.04 | 75.15 | 64.16 | 54.13 |
| Inventories | 12.27 | 11.34 | 19.81 | 23.96 |
| Trade receivables | 5.63 | 7.82 | 8.53 | 7.45 |
| Cash & equivalents | 0.08 | 10.03 | 0.01 | 0.07 |
| Total Assets | 45.08 | 105 | 141 | 173 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | 10.01 | −2.01 | 12.02 | 16.02 |
| Cash from investing activity | −5.97 | −37.88 | −43.79 | −29.88 |
| Cash from financing activity | −3.99 | 49.86 | 21.94 | 13.97 |
| Net cash flow | 0.00 | 10.01 | −9.99 | 0.00 |
| Capex | 5.98 | 13.97 | 53.84 | 52.82 |
| Free cash flow | 3.99 | −15.01 | −40.04 | −36.99 |
| CFO / OP % | 49.9% | 17.9% | 70.0% | 82.9% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 26 | 41 | 32 | 20 |
| Inventory days | 93 | 98 | 113 | 93 |
| Days payable | 32 | 5 | 21 | 48 |
| Cash conversion cycle | 86 | 133 | 123 | 63 |
| Working capital days | 21 | 102 | 70 | 23 |
| ROCE % | — | 22.0% | 12.0% | 10.0% |
For the Sep 2026 quarter, Hi-Green Carbon reported sales of ₹98.18 Cr, up 42.0% year on year and net profit of ₹6.99 Cr, up 40.1% year on year. The operating margin was 20.0%.
Hi-Green Carbon's sales for the year to Mar 2026 were ₹139 Cr.
Net profit for the year to Mar 2026 was ₹2.99 Cr. Earnings per share over the same trailing period were ₹1.38.
Hi-Green Carbon reported borrowings of ₹63.16 Cr at Mar 2026, against cash and equivalents of ₹0.07 Cr.
Cash from operations was ₹16.02 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹36.99 Cr.