New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks High level of debt (62% net debt to equity). Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (₹2.99b market cap, or US$31.4m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹125, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 22x in the Chemicals industry in India. Total loss to shareholders of 41% over the past year. Announcement • May 22
Hi-Green Carbon Limited to Report Second Half, 2026 Results on May 26, 2026 Hi-Green Carbon Limited announced that they will report second half, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹159, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 23x in the Chemicals industry in India. Total loss to shareholders of 26% over the past year. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Narendra Patel was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹123, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 39% over the past year. New Risk • Dec 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks High level of debt (62% net debt to equity). Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (₹3.94b market cap, or US$43.9m). Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹158, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 24x in the Chemicals industry in India. Total loss to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹129, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 23x in the Chemicals industry in India. Total loss to shareholders of 50% over the past year. New Risk • Nov 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks High level of debt (62% net debt to equity). Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (₹4.52b market cap, or US$51.1m). Announcement • Nov 13
Hi-Green Carbon Limited to Report First Half, 2026 Results on Nov 14, 2025 Hi-Green Carbon Limited announced that they will report first half, 2026 results on Nov 14, 2025 Announcement • Sep 05
Hi-Green Carbon Limited, Annual General Meeting, Sep 27, 2025 Hi-Green Carbon Limited, Annual General Meeting, Sep 27, 2025, at 11:00 Indian Standard Time. New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks High level of debt (55% net debt to equity). Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹6.38b market cap, or US$73.8m). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₹255, the stock trades at a trailing P/E ratio of 57.3x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 52% over the past year. New Risk • Jun 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks High level of debt (55% net debt to equity). Market cap is less than US$100m (₹5.25b market cap, or US$61.2m). New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (76% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹5.64b market cap, or US$66.0m). Board Change • Mar 03
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Whole-Time Director Nirmalkumar Sutaria is the most experienced director on the board, commencing their role in 2012. Independent Director Narendra Patel was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 19
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Whole-Time Director Nirmalkumar Sutaria is the most experienced director on the board, commencing their role in 2012. Independent Director Narendra Patel was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹281, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 88% over the past year. Announcement • Sep 20
Hi-Green Carbon Limited, Annual General Meeting, Oct 11, 2024 Hi-Green Carbon Limited, Annual General Meeting, Oct 11, 2024, at 11:00 Indian Standard Time. New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 11% over the past year. High level of non-cash earnings (69% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹5.81b market cap, or US$69.2m). Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹219, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 35x in the Chemicals industry in India. New Risk • Jun 05
New major risk - Revenue and earnings growth Revenue has declined by 11% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 11% over the past year. High level of non-cash earnings (69% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹4.18b market cap, or US$50.1m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹167, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 30x in the Chemicals industry in India. Reported Earnings • May 19
Full year 2024 earnings released: EPS: ₹9.24 (vs ₹5.71 in FY 2023) Full year 2024 results: EPS: ₹9.24 (up from ₹5.71 in FY 2023). Revenue: ₹1.49b (up 89% from FY 2023). Net income: ₹203.5m (up 88% from FY 2023). Profit margin: 14% (in line with FY 2023). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹218, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 31x in the Chemicals industry in India. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹221, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 31x in the Chemicals industry in India. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹187, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 28x in the Chemicals industry in India. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹165, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 27x in the Chemicals industry in India. Board Change • Oct 03
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Whole-time Director Nirmalkumar Sutaria is the most experienced director on the board, commencing their role in 2012. Independent Director Narendra Patel was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.