Hi-Green Carbon - 2026 Company Profile, Team

About Hi-Green Carbon

Hi-Green Carbon is a publicly listed company. Recovered carbon black is produced from recycled rubber waste. It operates on a Environment-Friendly Solutions model. The company has 4 employees. Its Indian entity Hi-Green Carbon Limited reported revenue of ₹141 Cr. Hi-Green Carbon offers products and services including Recovered Carbon Black (rCB). Its focus areas include Materials, Chemicals and Specialty Chemicals.

Company details

Hi-Green Carbon Ltd., a venture of the Radhe Group of Energy, is focused on processing waste hydrocarbons to create valuable products such as Recovered Carbon Black (rCB). The company operates in the sustainability and materials sector, offering innovative solutions that reduce greenhouse gas emissions by utilizing post-consumer rubber as feedstock. With over 15 years of experience, advanced RD, and patented technology, the largest 100 TPD continuous processing plant is managed at Bhilwara, Rajasthan, saving approximately 60 tons of CO2 emissions per day while producing high-quality carbon black.

Employees 4
Stage Public
Sectors
Transportation, Automotive & Logistics
Phone
•••• ••••
Website higreencarbon.com
Social LinkedIn Facebook Instagram
Legal Name Hi-Green Carbon Limited

Operational Areas

Transportation, Automotive & Logistics → Air Management Services

Key Metrics

Market Cap
₹343 Cr
HIGREEN-SM · NSE
Share Price
₹139.85
+1.93% today
Revenue
₹139 Cr
FY 2025-26 · +43.3% YoY
EBITDA
₹17.33 Cr
Margin 12.5%
Net Profit
₹5.15 Cr
FY 2025-26 · -46.5% YoY
P/E (TTM)
68.9x
P/B 4.0x
ROE
5.8%
ROCE 10.2%
Debt / Equity
0.63
Interest cover 24.8x
Employee Count
4

Associated legal entities of Hi-Green Carbon

Hi-Green Carbon operates through Hi-Green Carbon Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Hi-Green Carbon Limited Listed CIN L45100GJ2011PLC066917	Active	29 Aug 2011	Lodhika, Gujarat	₹141 Cr	4	8	View details

Products & Services of Hi-Green Carbon

Hi-Green Carbon offers a comprehensive portfolio of products and services, including Recovered Carbon Black (rCB).

Recovered Carbon Black (rCB)

Carbon Products

Recovered Carbon Black is produced from waste hydrocarbons, offering sustainability by using post-consumer rubber as feedstock, reducing CO2 emissions, and providing unique performance properties.

Board of directors of Hi-Green Carbon Limited (Hi-Green Carbon)

Hi-Green Carbon Limited is the primary company behind Hi-Green Carbon. The board of Hi-Green Carbon Limited currently have 6 directors; the longest-serving is Amitkumar Hasmukhrai Bhalodi, appointed in 2011. 9 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Amitkumar Hasmukhrai Bhalodi DIN 00410150	Managing Director	29 Aug 2011	15 yrs 1 mo	Hi-Green Carbon Limited
Shaileshkumar Vallabhdas Makadia DIN 00593049	Director	15 Oct 2022	4 yrs	Hi-Green Carbon Limited
Krupa Dethariya DIN 02911845	Director	14 Feb 2023	3 yrs 8 mo	Hi-Green Carbon Limited
Parashar Kishorbhai Vyas DIN 10068419	Director	01 Apr 2023	3 yrs 6 mo	Hi-Green Carbon Limited
Shaileshbhai Durlabhjibhai Sagpariya DIN 10068422	Director	01 Apr 2023	3 yrs 6 mo	Hi-Green Carbon Limited
Narendra Kantilal Patel DIN 03164191	Director	01 Apr 2023	3 yrs 6 mo	Hi-Green Carbon Limited

IPO & Listings of Hi-Green Carbon

Hi-Green Carbon is a publicly listed company on the NSE with ticker symbol HIGREEN in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date28 Sep 2023
Listed onNSE: HIGREEN
Listed entityHI-Green Carbon Limited
Exchange sectorIndustrial services
ISININE0PIC01017
Share price₹137.75 (-4.37% on the day) · 2026-10-14
Market capitalisation₹360 Cr
Price to earnings100.3
EPS (diluted, trailing year)₹1.37
Volume (last session)14,400

Financials of Hi-Green Carbon

Exchange-reported figures of Hi-Green Carbon Limited, the listed company behind Hi-Green Carbon (NSE: HIGREEN-SM).

Financial Highlights

FY 2025-26 · Consolidated

Revenue

₹139 Cr

+43.3% YoY

EBITDA

₹17.33 Cr

-10.5% YoY

Profit After Tax

₹5.15 Cr

-46.5% YoY

Net Worth

₹90.08 Cr

+4.0% YoY

Total Assets

₹154 Cr

+14.4% YoY

Total Debt

₹63.24 Cr

+33.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23
Income statement
Revenue	139	96.79	70.25	77.95
Revenue growth	+43.3%	+37.8%	-9.9%	-
EBITDA	17.33	19.37	17.89	20.02
EBITDA margin	+12.5%	+20.0%	+25.5%	+25.7%
Profit before tax	7.54	13.54	14.00	16.00
Net profit	5.15	9.63	10.20	12.37
Net profit margin	+3.7%	+10.0%	+14.5%	+15.9%
EPS (₹)	1.37	4.45	4.11	6.50
Balance sheet
Total assets	154	134	99.70	38.05
Net worth	90.08	86.65	75.52	24.27
Total debt	63.24	47.31	23.99	13.62
Cash & bank	0.08	0.02	10.07	0.09
Net working capital	31.64	34.24	39.41	14.07
Cash flow
Cash from operations	15.97	12.36	(1.83)	9.86
Cash from investing	(30.27)	(44.34)	(38.38)	(6.29)
Cash from financing	14.35	21.93	50.19	(3.54)

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	115	88.35	70.25	77.95	51.11	24.27	24.78
Revenue growth	+29.8%	+25.8%	-9.9%	+52.5%	+110.6%	-2.1%	-5.4%
EBITDA	20.88	18.39	17.89	20.02	8.92	3.72	7.49
EBITDA margin	+18.2%	+20.8%	+25.5%	+25.7%	+17.5%	+15.3%	+30.2%
Profit before tax	13.14	13.16	14.00	16.00	4.70	0.25	3.65
Net profit	8.34	9.06	10.20	12.37	3.73	0.21	2.66
Net profit margin	+7.3%	+10.3%	+14.5%	+15.9%	+7.3%	+0.9%	+10.7%
EPS (₹)	3.34	4.23	4.11	6.50	1.96	0.11	1.41
Balance sheet
Total assets	123	108	99.70	38.05	27.78	26.02	22.31
Net worth	94.44	86.09	75.52	24.27	11.92	8.18	7.97
Total debt	28.64	21.35	23.99	13.62	15.87	17.83	14.34
Cash & bank	0.05	0.01	10.07	0.09	0.06	0.12	0.21
Net working capital	31.80	30.03	39.89	14.07	8.68	6.55	1.30
Cash flow
Cash from operations	29.73	16.02	(1.86)	9.86	6.20	(0.30)	1.25
Cash from investing	(35.66)	(22.19)	(38.35)	(6.29)	(3.62)	(1.23)	(4.99)
Cash from financing	5.96	(3.90)	50.19	(3.54)	(2.64)	1.45	3.80

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23
Revenue	139	96.79	70.25	77.95
Revenue growth	+43.3%	+37.8%	-9.9%	-
Other income	2.65	2.08	0.36	0.40
Total expenses	121	77.42	52.36	57.93
Employee cost	3.99	1.98	1.16	1.29
EBITDA	17.33	19.37	17.89	20.02
EBITDA margin	+12.5%	+20.0%	+25.5%	+25.7%
Depreciation	10.83	6.28	3.08	3.12
Interest	1.61	1.63	1.17	1.30
Profit before tax	7.54	13.54	14.00	16.00
Tax	4.13	2.39	3.72	3.63
Net profit	5.15	9.63	10.20	12.37
Net profit margin	+3.7%	+10.0%	+14.5%	+15.9%
EPS (₹)	1.37	4.45	4.11	6.50

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23
Equity & liabilities
Share capital	24.99	24.99	24.99	19.00
Reserves & surplus	65.09	61.66	50.53	5.27
Shareholders' funds (net worth)	90.08	86.65	75.52	24.27
Minority interest	0.00	0.00	0.00	0.00
Secured loans	47.18	32.04	18.21	10.33
Unsecured loans	16.06	15.27	5.78	3.29
Total debt	63.24	47.31	23.99	13.62
Total liabilities	154	134	99.70	38.05
Assets
Gross block	114	105	51.69	44.81
Net block	67.68	69.11	22.00	17.98
Capital work in progress	52.11	8.54	8.12	1.87
Investments	0.00	0.02	0.00	0.00
Inventories	23.99	19.85	11.35	12.28
Sundry debtors	7.44	8.52	7.81	5.62
Cash & bank balances	0.08	0.02	10.07	0.09
Loans & advances	19.84	12.86	15.67	3.13
Total current assets	51.35	41.25	44.90	21.12
Total current liabilities	19.71	7.01	5.49	7.05
Net working capital	31.64	34.24	39.41	14.07
Total assets	154	134	99.70	38.05

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23
Opening cash	0.02	10.07	0.09	0.06
Net cash from operating activities	15.97	12.36	(1.83)	9.86
Net cash from investing activities	(30.27)	(44.34)	(38.38)	(6.29)
Net cash from financing activities	14.35	21.93	50.19	(3.54)
Net change in cash	0.06	(10.05)	9.98	0.03
Closing cash	0.08	0.02	10.07	0.09

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23
Growth
Sales growth	+43.3%	+37.8%	-9.9%	-
EBITDA growth	-10.5%	+8.3%	-10.6%	-
PBT growth	-44.3%	-3.3%	-12.5%	+9997.0%
Net income growth	-46.5%	-5.6%	-17.5%	-
Revenue CAGR (3Y)	+21.2%	-	-	-
EBITDA CAGR (3Y)	-4.7%	-	-	-
Profitability & leverage
Net income margin	+2.5%	+11.5%	+14.6%	+15.9%
Return on capital employed	+10.2%	+13.0%	+22.0%	+45.4%
Return on net worth	+5.9%	+13.7%	+20.6%	+50.9%
Debt / equity	0.63	0.44	0.38	0.56
Long-term debt / equity	0.40	0.28	0.18	0.16
Interest cover	24.77	12.45	7.90	7.69
Efficiency & per share
Fixed asset turnover	1.27	1.24	1.46	1.74
Inventory turnover	6.33	6.20	5.95	6.35
Debtors turnover	17.38	11.85	10.46	13.87
EPS (₹)	1.37	4.45	4.11	6.50
Dividend per share (₹)	0.00	0.00	0.00	0.00
Book value per share (₹)	36.05	34.67	30.22	12.77

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	115	88.35	70.25	77.95	51.11	24.27	24.78
Revenue growth	+29.8%	+25.8%	-9.9%	+52.5%	+110.6%	-2.1%	-5.4%
Other income	3.44	2.08	0.36	0.40	0.03	0.02	0.02
Total expenses	93.82	69.96	52.36	57.93	42.19	20.55	17.29
Employee cost	3.52	1.78	1.16	1.29	0.99	0.81	0.87
EBITDA	20.88	18.39	17.89	20.02	8.92	3.72	7.49
EBITDA margin	+18.2%	+20.8%	+25.5%	+25.7%	+17.5%	+15.3%	+30.2%
Depreciation	9.83	5.81	3.08	3.12	3.04	2.97	2.92
Interest	1.35	1.50	1.17	1.30	1.21	0.52	0.94
Profit before tax	13.14	13.16	14.00	16.00	4.70	0.25	3.65
Tax	4.79	2.57	3.72	3.63	0.96	0.04	0.99
Net profit	8.34	9.06	10.20	12.37	3.73	0.21	2.66
Net profit margin	+7.3%	+10.3%	+14.5%	+15.9%	+7.3%	+0.9%	+10.7%
EPS (₹)	3.34	4.23	4.11	6.50	1.96	0.11	1.41

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	24.99	24.99	24.99	19.00	19.00	19.00	19.00
Reserves & surplus	69.45	61.10	50.53	5.27	(7.08)	(10.82)	(11.03)
Shareholders' funds (net worth)	94.44	86.09	75.52	24.27	11.92	8.18	7.97
Secured loans	17.12	8.99	18.21	10.33	5.23	5.85	2.52
Unsecured loans	11.52	12.36	5.78	3.29	10.64	11.98	11.82
Total debt	28.64	21.35	23.99	13.62	15.87	17.83	14.34
Total liabilities	123	108	99.70	38.05	27.78	26.02	22.31
Assets
Gross block	101	93.21	47.59	44.81	40.38	36.24	35.00
Net block	55.58	57.81	17.90	17.98	16.67	15.57	17.30
Capital work in progress	0.39	0.07	7.86	1.87	0.00	0.50	0.48
Investments	12.70	6.72	5.00	0.00	0.00	0.00	0.00
Inventories	21.82	16.67	11.35	12.28	9.38	10.34	4.40
Sundry debtors	7.23	7.49	7.81	5.62	4.43	2.98	2.10
Cash & bank balances	0.05	0.01	10.07	0.09	0.06	0.12	0.21
Loans & advances	14.70	11.37	16.11	3.13	0.05	0.25	0.53
Total current assets	43.80	35.54	45.34	21.12	13.92	13.69	7.24
Total current liabilities	12.00	5.51	5.45	7.05	5.24	7.14	5.94
Net working capital	31.80	30.03	39.89	14.07	8.68	6.55	1.30
Total assets	123	108	99.70	38.05	27.78	26.02	22.31

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.01	10.07	0.09	0.06	0.12	0.21	0.15
Net cash from operating activities	29.73	16.02	(1.86)	9.86	6.20	(0.30)	1.25
Net cash from investing activities	(35.66)	(22.19)	(38.35)	(6.29)	(3.62)	(1.23)	(4.99)
Net cash from financing activities	5.96	(3.90)	50.19	(3.54)	(2.64)	1.45	3.80
Net change in cash	0.04	(10.06)	9.98	0.03	(0.06)	(0.08)	0.05
Closing cash	0.05	0.01	10.07	0.09	0.06	0.12	0.21

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+29.8%	+25.8%	-9.9%	+52.5%	+110.6%	-2.1%	-5.4%
EBITDA growth	+13.5%	+2.8%	-10.6%	+124.4%	+139.8%	-50.3%	+20.4%
PBT growth	-0.2%	-6.0%	-12.5%	+240.4%	+1780.0%	-93.2%	+65.9%
Net income growth	-8.0%	-11.2%	-17.5%	+231.6%	+1676.2%	-92.1%	+114.5%
Revenue CAGR (3Y)	+13.7%	+20.0%	+42.5%	+46.5%	+25.0%	-	-
EBITDA CAGR (3Y)	+1.4%	+27.3%	+68.8%	+38.8%	+12.8%	-	-
Profitability & leverage
Net income margin	+7.3%	+12.0%	+14.6%	+15.9%	+7.3%	+0.9%	+10.7%
Return on capital employed	+12.6%	+14.1%	+22.0%	+47.4%	+16.5%	+2.2%	+14.0%
Return on net worth	+9.3%	+13.1%	+20.6%	+57.1%	+19.6%	+1.2%	+14.1%
Debt / equity	0.28	0.28	0.38	0.81	1.68	1.99	2.08
Long-term debt / equity	0.10	0.15	0.18	0.19	0.37	1.01	1.43
Interest cover	12.22	11.92	7.90	7.69	20.58	69.33	20.57
Efficiency & per share
Fixed asset turnover	1.18	1.25	1.52	1.83	1.33	0.68	0.76
Inventory turnover	5.96	6.31	5.95	7.20	5.18	3.29	5.39
Debtors turnover	15.58	11.55	10.46	15.51	13.79	9.56	11.91
EPS (₹)	3.34	4.23	4.11	6.50	1.96	0.11	1.41
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	37.79	34.45	30.22	12.77	6.27	4.31	4.19

Web traffic of Hi-Green Carbon

The website of Hi-Green Carbon (higreencarbon.com) receives about 1.1K visits a month.

Monthly visits
1.1K
▼ 19.4% vs previous month

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Frequently Asked Questions about Hi-Green Carbon

How many employees does Hi-Green Carbon have?

Hi-Green Carbon has 4 employees.

What is the annual revenue of Hi-Green Carbon?

The primary company behind Hi-Green Carbon, Hi-Green Carbon Limited, reported revenue of ₹141 Cr for FY 2026, up 43% year on year.

What does Hi-Green Carbon do?

Hi-Green Carbon Ltd., a venture of the Radhe Group of Energy, is focused on processing waste hydrocarbons to create valuable products such as Recovered Carbon Black (rCB). The company operates in the sustainability and materials sector, offering innovative solutions that reduce greenhouse gas emissions by utilizing post-consumer rubber as feedstock. With over 15 years of experience, advanced RD, and patented technology, the largest 100 TPD continuous processing plant is managed at Bhilwara, Rajasthan, saving approximately 60 tons of CO2 emissions per day while producing high-quality carbon black.

What products or services does Hi-Green Carbon offer?

Hi-Green Carbon offers Recovered Carbon Black (rCB).

Is Hi-Green Carbon publicly traded?

Yes, Hi-Green Carbon is publicly traded on NSE under the ticker symbol HIGREEN.

Which legal entities are associated with Hi-Green Carbon?

Hi-Green Carbon operates through Hi-Green Carbon Limited.

Who are the directors of Hi-Green Carbon?

The legal entities of Hi-Green Carbon currently have 7 directors, including Sagar Dhirubhai Siyani, Amitkumar Hasmukhrai Bhalodi, Shaileshkumar Vallabhdas Makadia and others.