High Ground Enterprise Ltd (517080) share price, results

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore

	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018
Revenue from operations	80.67	64.99	75.78	84.11	133.81	129.00	62.94	126.12	223.83	133.59	86.05	68.71
Operating costs	76.41	59.17	68.04	76.02	114.47	118.56	55.02	117.42	213.12	124.48	78.78	62.86
EBITDA	4.26	5.82	7.74	8.09	19.34	10.44	7.92	8.70	10.71	9.11	7.27	5.85
EBITDA margin %	5.28%	8.96%	10.21%	9.62%	14.45%	8.09%	12.58%	6.90%	4.78%	6.82%	8.45%	8.51%
Depreciation & amortisation	0.38	0.28	0.29	0.29	0.30	0.27	0.31	0.30	0.89	0.62	0.61	0.62
Finance costs	0.90	1.03	1.04	1.19	1.57	1.51	1.76	1.71	1.81	1.93	1.92	2.20
Non-operating income	8.11	0.02	-0.01	0.16	0.22	0.02	0.03	0.01	0.73	0.01	0.05	0.01
Pre-tax profit	11.09	4.53	6.40	6.77	17.69	8.68	5.88	6.70	8.74	6.57	4.79	3.04
Effective tax rate %	34.63%	34.22%	35.78%	32.94%	3.17%	34.68%	34.52%	34.63%	38.22%	33.49%	34.86%	36.18%
Profit after tax	7.25	2.98	4.12	4.53	17.12	5.68	3.84	4.39	5.40	4.38	3.12	1.94
Earnings per share (Rs)	0.63	0.26	0.36	0.39	1.49	0.49	0.33	0.38	0.47	0.38	0.27	0.17

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
Revenue from operations	0	0	0	0	12	28	76	154	248	308	537	512
Operating costs	0	0	0	0	9	24	70	138	230	281	504	479
EBITDA	0	0	-0	-0	3	3	6	16	18	27	33	33
EBITDA margin %	63%	10%		-86%	26%	12%	8%	10%	7%	9%	6%	6%
Depreciation & amortisation	0	0	0	0	0	0	0	1	1	1	2	3
Finance costs	0	0	0	0	0	0	1	2	3	7	7	8
Non-operating income	0	0	0	0	0	1	1	1	9	0	1	1
Pre-tax profit	0	0	-0	-0	3	4	6	13	22	19	25	23
Effective tax rate %	0%	100%	0%	0%	16%	34%	32%	34%	35%	35%	36%
Profit after tax	0	0	-0	-0	3	3	4	8	14	13	16	15
Earnings per share (Rs)					0.45	0.44	0.68	0.82	1.23	1.09	1.42	1.29
Paid out as dividend %	0%		0%	0%	0%	10%	0%	11%	7%	9%	7%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Revenue CAGR	114%	81%	52%	13%
Profit CAGR	60%	51%	25%	-52%
Share price CAGR	-36%	%	%		%
Average return on equity	%	15%	15%			15%

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Net block (property, plant)	0	0	0	0	0	0	0	2	7	6	5	9
Capital work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	4	4	4	4	0	0	0
Current & other assets	0	0	0	0	4	7	28	70	149	242	247	329
Total assets	0	0	0	0	4	11	32	76	159	248	253	338
Share capital	1	1	1	1	3	5	6	6	9	10	12	12
Reserves & surplus	-1	-1	-1	-1	1	2	3	36	53	82	92	107
Total debt	0	0	0	0	0	1	3	9	24	33	49	64
Other liabilities & provisions	0	0	0	0	0	2	20	26	73	122	100	156
Equity + liabilities	0	0	0	0	4	11	32	76	159	248	253	338

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Operating cash flow	-0	0	-0	-0	-3	3	-0	-32	-20	-22	-14	2
Investing cash flow	0	0	0	0	-1	-3	0	-2	-5	4	0	-5
Free cash flow (after capex)	0	0	-0	-0	-3	-1	-0	-34	-26	-23	-14	-3
Financing cash flow	0	0	0	0	4	0	1	34	26	23	9	7
Net change in cash	0	0	-0	-0	1	-1	1	0	0	5	-4	4
Cash conversion (OCF / EBITDA) %	121%	6%	-100%	111%	1,478%	81%	8%	-490%	-101%	-81%	-26%	27%

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Return on capital employed %			20%	-200%	-9%	52%	35%	22%	22%	24%	18%	19%
Receivable days	170	95	256		0	153	319	170	193	237	189	162
Inventory days	0	0	0
Payable days
Cash cycle (days)	170	95	256		0	153	319	170	193	237	189	162
Working capital days	-243	54	146		4,380	130	107	166	120	119	113	71

	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019
Promoter group %	48.61%	48.61%	48.61%	48.61%	48.61%	48.61%	48.61%	48.61%	48.61%	49.52%	49.52%	49.52%
Domestic institutions %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%	0.00%	0.00%	7.29%
Retail & others %	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	50.00%	50.48%	50.48%	43.19%
Shareholder count	3,988	4,290	4,898	5,761	7,825	10,076	11,436	10,340	10,163	10,214	10,164	10,281

Fundamentals

Market value₹ 3.45 Cr.

Last price₹ 0.30

P/E (trailing)0.23

Book value / share₹ 10.8

Return on capital19.3 %

Return on equity14.7 %

Dividend yield0.00 %

Face value₹ 1.00

Revenue CAGR (TTM)13%

Profit CAGR (TTM)-52%

Standalone figures.

Valuation

P/E, 3-year average24.24x

P/B, 3-year average3.37x

P/E, 5-year average15.48x

P/B, 5-year average2.14x

Profitability

Operating margin (excl. other income)6.17%

Operating margin (incl. other income)6.32%

EBITDA margin6.59%

Pre-tax margin4.52%

Net profit margin2.90%

Net margin, latest quarter2.82%

ROE14.69%

ROCE19.27%

ROA5.52%

ROE, 3-year average15.21%

ROCE, 3-year average20.42%

ROA, 3-year average5.82%

ROE, 5-year average15.62%

ROCE, 5-year average21.12%

ROA, 5-year average6.43%

ROIC (approx.)11.29%

Tax rate35.81%

Other income / net worth0.67%

Growth

Sales growth (latest year)74.72%

Profit growth (latest year)30.19%

Sales CAGR, 3 years51.69%

Sales CAGR, 5 years81.19%

Profit CAGR, 3 years24.58%

Profit CAGR, 5 years43.70%

Sales growth QoQ-20.15%

Profit growth QoQ-37.82%

Sales growth YoY (latest quarter)-45.52%

Profit growth YoY (latest quarter)-55.81%

Per share

EPS (TTM)Rs 1.29

EPS (latest year)Rs 1.42

EPS (latest quarter)Rs 0.17

EPS, 3-year averageRs 1.28

EPS, 5-year averageRs 4.04

Book value per shareRs 10.27

Sales per shareRs 44.49

Cash flow per shareRs 0.21

Dividend per share (latest year)Rs 0.10

Dividend per share, 3-year averageRs 0.10

Dividend per share, 5-year averageRs 0.32

Dividends

Dividend payout7.06%

Dividend payout, 3-year average7.89%

Dividend payout, 5-year average8.71%

Efficiency

Asset turnover1.59x

Fixed asset turnover61.90x

Inventory turnover41.78x

Inventory days9 days

Debtor days162 days

Debtors turnover2.26x

Leverage

Total debtRs 64 Cr

Cash and bankRs 6 Cr

Net debtRs 58 Cr

Debt to equity0.54x

Net debt / EBITDA1.72x

Interest coverage3.94x

Owners' fund to total sources34.99%

Debt to assets18.81%

Cash flow

Operating cash flow (latest year)Rs 2 Cr

Investing cash flow (latest year)Rs -5 Cr

Financing cash flow (latest year)Rs 7 Cr

Net change in cash (latest year)Rs 4 Cr

Sales to cash flow222.93x

Statement figures

Net sales (TTM)Rs 512 Cr

Net sales (latest year)Rs 537 Cr

Sales (latest quarter)Rs 69 Cr

Operating profit excl. other income (latest year)Rs 33 Cr

Operating profit (latest quarter)Rs 6 Cr

Other income (TTM)Rs 1 Cr

EBITDA (TTM)Rs 34 Cr

PBDT (TTM)Rs 26 Cr

Profit before tax (TTM)Rs 23 Cr

Tax (latest year)Rs 9 Cr

Net profit (TTM)Rs 15 Cr

Net profit (latest year)Rs 16 Cr

Net profit (latest quarter)Rs 2 Cr

Depreciation (TTM)Rs 3 Cr

Depreciation (latest quarter)Rs 1 Cr

Interest (TTM)Rs 8 Cr

Cost of goods sold (latest year)Rs 491 Cr

Total expenditure (latest year)Rs 504 Cr

Total income (latest year)Rs 538 Cr

Share capitalRs 12 Cr

ReservesRs 107 Cr

Shareholders' fundsRs 118 Cr

Total assetsRs 338 Cr

Net blockRs 9 Cr

InvestmentsRs 0 Cr

ReceivablesRs 238 Cr

InventoryRs 12 Cr

Other liabilitiesRs 156 Cr

Shares outstanding (crore)11.51

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 0.3 is the lowest in its own 3.7-year history (median 5.1, low 0.3, high 36.2).

P/B 0.04 is the lowest in 3.7 years (median 0.99).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Not enough price history.

Red flags

F-score 5 of 8

explain

Weak cash conversion Cash from operations was -77% of net profit over the last 3 years

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Dec 2018

Sales ₹69 Cr -45.5% vs Dec 2017. Net profit ₹2 Cr -55.8%.

Activity

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No bulk or block deals on record.

No corporate actions on record.

No announcements in our files yet.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of High Ground Enterprise Ltd?

High Ground Enterprise Ltd (517080) has a market capitalisation of Rs 3.45 Cr. at the close.

What is the P/E ratio of High Ground Enterprise Ltd?

High Ground Enterprise Ltd trades at a P/E of 0.23 on trailing twelve-month profit, at the close.

What were High Ground Enterprise Ltd's latest quarterly results?

In the Dec 2018 quarter, High Ground Enterprise Ltd sales was Rs 69 Cr (-45.5% vs Dec 2017) and net profit was Rs 2 Cr.