Hi-Green Carbon logo

Hi-Green Carbon share price

NSE: HIGREENOther Utilities

Last close ₹139.85up ₹2.65 (1.93%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹137.20.

52-week range of traded prices to 23 Oct 2026
₹101.20Low, 24 Mar 2026₹202.50High, 23 Oct 2025
Market cap
₹349 Cr
P/E
101.8
P/B
3.9
Dividend yield
Nonein the last 12 months
ROE
3.9%
Debt to equity
0.70
Volume, NSE
78,40079.6% delivered

Share price

Daily closes since Sep 2023, adjusted for splits and bonuses

−30.0%over a year

Results20-session average 38,480 shares a day, 69.8% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by half year.Half-yearly results

Half year to Mar 2026, against the half year beforeFiled 26 May

Revenue
₹70 Crup 0.97%
Net profit
−₹1.30 CrHalf year to Sep 2025: ₹4.73 Cr
Net margin
−1.9%

Revenue by year

Peak revenue ₹139 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2023Mar 2024Sep 2024Mar 2025Filed 27 MaySep 2025Filed 14 NovMar 2026Filed 26 May
Revenue33.436.836.160.769.069.7
Net profit5.25.15.35.84.7−1.3
Net margin15.5%13.8%14.7%9.6%6.9%−1.9%
Consolidated. The 6 half years from Sep 2023, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Recycling of Waste, which carries all its revenue.

Valuation

Today, against the company's own history. Not shown, EV/EBITDA: a period of the last twelve months does not state its operating profit. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history

Price to earnings

At or below today's level on 96% of 602 trading days since May 2024.

LowestHighest
Its median49.2Industry median14.9
Price to book

At or below today's level on 65% of 247 trading days over the last year.

LowestHighest
Its median3.8Industry median1.9

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−49.1%−69.2%+65.5%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters71.97%
  • Foreign institutions0.16%
  • Indian institutions0.13%
  • Individuals and others27.74%
Holder
RNG FINLEASE PRIVATE LIMITEDPromoter50.25%
Krupa Chetankumar DethariyaPromoter4.43%
Amitkumar Hasmukhrai BhalodiPromoter4.42%
Shaileshkumar Vallabhdas MakadiaPromoter4.40%
Koosh Chetan DethariyaPromoter2.80%
Radhika Amitkumar BhalodiPromoter2.80%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

The filing reports 49,98,000 of its 2,49,90,000 shares locked in.

Peers and competitors

Waste Management, 16 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Hi-Green Carbon in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Effwa Infra & Research logoEffwa Infra & ResearchEFFWA75026.26.1–+36.8%+42.3%26.2%–0.31%
Eco Recycling logoEco RecyclingECORECO73530.66.622.1+31.9%–24.2%27.0%0.26%
Z-Tech (India) logoZ-Tech (India)ZTECH60016.32.7–+66.7%+81.6%18.7%–0.00%
Concord Enviro Systems logoConcord Enviro SystemsCEWATER476–0.836.2−9.0%––−0.4%0.00%
VVIP Infratech logoVVIP InfratechVVIPIL32210.71.4–−6.5%−54.9%14.1%–0.00%
Organic Recycling Systems logoOrganic Recycling SystemsORGANICREC31412.5––+138.5%+59.6%19.4%–0.00%
Race Eco Chain logoRace Eco ChainRACE18223.92.517.3+4.4%–10.5%7.1%0.00%
Urban Enviro Waste Management logoUrban Enviro Waste ManagementURBAN1248.32.6–+29.1%+45.1%37.8%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

Hi-Green Carbon share price by year

Each calendar year to 2025.Hi-Green Carbon share price history

YearClose at year endChangeHighest closeLowest close
2025172.75−31.0%340.90128.75
2024250.50+56.1%310.20153.00
2023160.45–191.4580.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 28 Sep 2023.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026130.65145.00130.65139.85139.6778,40079.6%
22 Oct 2026142.50142.90136.50137.20138.9112,80075.0%
21 Oct 2026139.00146.40131.90142.65138.3726,40054.6%
19 Oct 2026143.00148.50140.00141.00143.9037,60085.1%
16 Oct 2026127.60150.00124.10142.55137.3076,80062.5%
15 Oct 2026135.00135.00130.10130.70132.8512,00073.3%
14 Oct 2026144.05144.05137.60137.75139.5914,40072.2%
13 Oct 2026143.90148.85132.45144.05144.4247,20059.3%
12 Oct 2026129.85141.00129.85139.45134.971,13,60073.2%
9 Oct 2026121.80129.90119.55126.35123.8729,60073.0%
Prices in ₹ per share as traded, not adjusted.

Company details

Legal name
Hi-Green Carbon Limited
NSE symbol
HIGREEN
ISIN
INE0PIC01017
Industry
Other Utilities
Listed
Sep 2023
Face value
₹10