One of the mico-cap stocks engaged in manufacturing and recycling waste rubber and producing hydrocarbon fuel. The stock has hit a 5 percent upper circuit after receiving the First Eligibility Certificate from the Government of Maharashtra under the Package Scheme of Incentives 2019.
Stock Price Movement
With a market capitalization of Rs. 665.36 crores, the shares of Hi-Green Carbon Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 266.25 per share on Thursday, up from its previous closing price of Rs. 254 per share.
What Happened
Hi-Green Carbon Limited has received the First Eligibility Certificate from the Government of Maharashtra under the Package Scheme of Incentives (2019). This certificate pertains to their new plant in Dondaicha, Dhule District, Maharashtra.
The company has already made an investment of Rs. 36.11 crore for the first phase and is entitled to claim Rs. 2.89 crore annually for 10 years starting from November 2024. The remaining investment of Rs. 14 crore is expected to be completed by March 2026.
Products and Services
Hi-Green Carbon Limited specializes in producing recovered carbon black (rCB) from the pyrolysis of end-of-life tires, replacing traditional carbon black in rubber products.
The company also extracts steel wires, generates fuel oil and synthesis gas, and manufactures sodium silicate for diverse industrial uses, contributing to sustainable recycling and energy solutions.
Production Capacity and Technology
Hi-Green Carbon operates a world-leading continuous processing plant in Bhilwara, Rajasthan, with a capacity of 100 tons per day (TPD).
The company is expanding into Maharashtra and Madhya Pradesh, aiming to increase its capacity to 300 TPD, producing 31,500 MT of recovered carbon black (rCB) annually.
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Recent quarter results and ratios
Hi-Green Carbon Limited’s revenue has increased from Rs. 33 crore in Q2 FY24 to Rs. 36 crore in Q2 FY25, which has grown by 9.09 percent. The net profit of Hi-Green Carbon Limited has reached Rs. 5 crore in Q2 FY25.
Hi-Green Carbon Limited’s revenue and net profit have grown at a CAGR of 21.91 percent and 58.49 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 21.9 percent and 20.4 percent, respectively. The debt-to-equity ratio of the company is to be 0.34x, which shows the company is almost debt-free. Hi-Green Carbon Limited’s EPS is to be Rs. 4.16.
Company Overview
Hi-Green Carbon Limited was incorporated in 2011 and specializes in recycling waste rubber to produce hydrocarbon fuel and other valuable products like recovered carbon black (rCB). It operates under the Radhe Group of Energy, focusing on renewable energy solutions.
Written By – Nikhil Naik
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