Hi-Green Carbon Ltd Q4 FY25 Results & Concall Highlights: Revenue ₹70 Cr
Published 5 Aug 2026 | Other Utilities | Market Cap: ₹346 Cr
Hi-Green Carbon Limited expects to expand capacity by adding new 100 TPD (tons per day) plants approximately at a rate of one plant per year. Hi-Green Carbon plans to expand capacity steadily, with an expected addition of about one new 100 TPD (tons per day) plant per year.
From Hi-Green Carbon Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹133
Market Cap
₹346 Cr
P/E Ratio
65.5
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📊 Revenue & Sales Performance
- →Hi-Green Carbon Limited expects to expand capacity by adding new 100 TPD (tons per day) plants approximately at a rate of one plant per year.
- →Current focus includes ramping up production and revenue from the new Dhule plant and upcoming third plant expected operational by Nov-Dec 2025.
- →New plant revenues are approximately ₹70 crore annually per 100 TPD, with a revenue mix of ~40% from pyrolysis, 30% from Recovered Carbon Black (rCB), and 30% from sodium silicate.
- →Ramping up rCB sales is expected to take 9-12 months due to customer approval processes.
- →The company plans to expand in multiple states to diversify customer base and raw material supply.
- →Future growth also includes exploring syngas utilization avenues such as bottling for sale to industries.
- →Over 50 customers for rCB are currently served, with ongoing efforts to develop new customers and product applications for enhanced utilization and sales growth.
📈 Profitability & Margins
- →Hi-Green Carbon plans to expand capacity steadily, with an expected addition of about one new 100 TPD (tons per day) plant per year.
- →The ramp-up to full revenue utilization per plant typically takes 9-12 months, especially for Recovered Carbon Black (rCB) segment.
- →New plants are expected to generate around ₹70 crore in annual revenue each.
- →Growth in operating margins may improve with better utilization of syngas and exploration of new revenue streams like bottling and selling syngas to industries.
- →Margins were diluted recently due to capacity expansion and mix changes but are expected to sustain or improve over the next 4-5 years.
- →Government incentives (subsidies and interest subsidies) across states are expected to support margin expansion and reduce capital costs.
- →The company emphasizes maintaining technology secrecy and operational efficiency to sustain competitive edge and profitability.
🏗️ Capital Expenditure Plans
- →Current 100 TPD pyrolysis plant investment is approx. ₹45-50 crore, with ramp-up to full capacity taking 3-4 months for pyrolysis and 9-12 months for RCB sales.
- →New 3rd plant expected to be operational around Nov-Dec 2025.
- →Expansion strategy: typically adding one plant per year, considering multiple locations in India and abroad; potential for multiple plants at a single location.
- →Land parcels at existing sites can accommodate bigger factories but diversification into new states like MP, Maharashtra, Gujarat for market and supply chain benefits.
- →Investments include backward integration, e.g., Samsara Crumb Rubber plant in Gujarat.
- →Incentives: Up to 80% subsidy over 7-10 years from state governments (Maharashtra, MP, Gujarat) with interest and electricity duty exemptions to reduce effective investment cost.
- →J&K plant delayed due to geopolitical and policy uncertainties; no major investment made yet.
- →Strategic focus on technology secrecy and avoiding licensing to third parties to protect competitive edge.
💰 Fundraising & Capital Structure
- →No explicit mention of current or immediate new fundraising through debt or equity in the transcript.
- →Amitkumar Bhalodi discussed loan interest rates (~9%) on existing borrowings from banks like Central Bank and PNB.
- →He mentioned exploring policy, incentives, and new location options for expansions but no confirmed fundraising.
- →Future growth plans indicate setting up new plants at a pace of about one per year and possible second plants at existing sites.
- →Discussion on government subsidies (up to 80% in Maharashtra, 40% in MP) suggests leveraging incentives to reduce capital intensity.
- →Emphasis on internal funding and expansions rather than new capital raises were conveyed.
- →No direct reference to issuing new equity or raising additional debt was specified on Page 27 or surrounding pages provided.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Hi-Green Carbon Ltd Q4 FY25 results?
Hi-Green Carbon Limited expects to expand capacity by adding new 100 TPD (tons per day) plants approximately at a rate of one plant per year. Hi-Green Carbon plans to expand capacity steadily, with an expected addition of about one new 100 TPD (tons per day) plant per year.
What is Hi-Green Carbon Ltd share price analysis?
Hi-Green Carbon Ltd currently shows a neutral. The stock trades at a P/E of 65.5 with a market cap of ₹346 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hi-Green Carbon Ltd planning capital expenditure?
Current 100 TPD pyrolysis plant investment is approx.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.