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HI-Green Carbon (NSE:HIGREEN) Net Cash per Share : ₹-8.48 (As of Mar. 2023)


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What is HI-Green Carbon Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). HI-Green Carbon's Net Cash per Share for the quarter that ended in Mar. 2023 was ₹-8.48.

The historical rank and industry rank for HI-Green Carbon's Net Cash per Share or its related term are showing as below:

NSE:HIGREEN's Price-to-Net-Cash is not ranked *
in the Chemicals industry.
Industry Median: 8.48
* Ranked among companies with meaningful Price-to-Net-Cash only.

HI-Green Carbon Net Cash per Share Historical Data

The historical data trend for HI-Green Carbon's Net Cash per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

HI-Green Carbon Net Cash per Share Chart

HI-Green Carbon Annual Data
Trend Mar21 Mar22 Mar23
Net Cash per Share
-9.97 -8.98 -8.48

HI-Green Carbon Semi-Annual Data
Mar21 Mar22 Mar23
Net Cash per Share -9.97 -8.98 -8.48

Competitive Comparison of HI-Green Carbon's Net Cash per Share

For the Specialty Chemicals subindustry, HI-Green Carbon's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HI-Green Carbon's Price-to-Net-Cash Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HI-Green Carbon's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where HI-Green Carbon's Price-to-Net-Cash falls into.



HI-Green Carbon Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

HI-Green Carbon's Net Cash per Share for the fiscal year that ended in Mar. 2023 is calculated as

Net Cash per Share (A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.901-212.881-0)/24.99
=-8.48

HI-Green Carbon's Net Cash per Share for the quarter that ended in Mar. 2023 is calculated as

Net Cash per Share (Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.901-212.881-0)/24.99
=-8.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


HI-Green Carbon  (NSE:HIGREEN) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


HI-Green Carbon Net Cash per Share Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Traded in Other Exchanges
N/A
Address
G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021
HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

HI-Green Carbon (NSE:HIGREEN) Headlines

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