---
title: "High Ground Enterprise Ltd (HIGHGROUND) — Share Price, Financials & Analysis"
symbol: "HIGHGROUND"
company: "High Ground Enterprise Ltd"
canonical: "https://tapetide.com/stocks/HIGHGROUND"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T19:02:43.839Z"
---

# High Ground Enterprise Ltd (HIGHGROUND)

Canonical page: https://tapetide.com/stocks/HIGHGROUND

## Company

- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** highgroundenterprise.com

## About

High Ground Enterprise Limited is an India-based company engaged in providing engineering, procurement, construction management, and media, consulting and allied services.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value
- Company has delivered good profit growth of 51.1% CAGR over last 5 years
- Company's working capital requirements have reduced from 101 days to 70.6 days

### Weaknesses

- Company has high debtors of 162 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -52% | 25% | 51% |
| revenue growth | 13% | 52% | 81% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 80.67 | 64.99 | 75.78 | 84.11 | 133.81 | 129 | 62.94 | 126.12 | 223.83 | 133.59 | 86.05 | 68.71 |
| Expenses | 76.41 | 59.17 | 68.04 | 76.02 | 114.47 | 118.56 | 55.02 | 117.42 | 213.12 | 124.48 | 78.78 | 62.86 |
| Operating Profit | 4.26 | 5.82 | 7.74 | 8.09 | 19.34 | 10.44 | 7.92 | 8.7 | 10.71 | 9.11 | 7.27 | 5.85 |
| OPM % | 5.28 | 8.96 | 10.21 | 9.62 | 14.45 | 8.09 | 12.58 | 6.9 | 4.78 | 6.82 | 8.45 | 8.51 |
| Other 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 |
| Interest | 0.9 | 1.03 | 1.04 | 1.19 | 1.57 | 1.51 | 1.76 | 1.71 | 1.81 | 1.93 | 1.92 | 2.2 |
| Depreciation | 0.38 | 0.28 | 0.29 | 0.29 | 0.3 | 0.27 | 0.31 | 0.3 | 0.89 | 0.62 | 0.61 | 0.62 |
| Profit before tax | 11.09 | 4.53 | 6.4 | 6.77 | 17.69 | 8.68 | 5.88 | 6.7 | 8.74 | 6.57 | 4.79 | 3.04 |
| Tax % | 34.63 | 34.22 | 35.78 | 32.94 | 3.17 | 34.68 | 34.52 | 34.63 | 38.22 | 33.49 | 34.86 | 36.18 |
| Net Profit | 7.25 | 2.98 | 4.12 | 4.53 | 17.12 | 5.68 | 3.84 | 4.39 | 5.4 | 4.38 | 3.12 | 1.94 |
| EPS in 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 12 | 28 | 76 | 154 | 248 | 308 | 537 | 512 |
| Expenses | 0 | 0 | 9 | 24 | 70 | 138 | 230 | 281 | 504 | 479 |
| Operating Profit | 0 | 0 | 3 | 3 | 6 | 16 | 18 | 27 | 33 | 33 |
| OPM % | — | -86 | 26 | 12 | 8 | 10 | 7 | 9 | 6 | 6 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 9 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 7 | 7 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 0 | 0 | 3 | 4 | 6 | 13 | 22 | 19 | 25 | 23 |
| Tax % | 0 | 0 | 16 | 34 | 32 | 34 | 35 | 35 | 36 | — |
| Net Profit | 0 | 0 | 3 | 3 | 4 | 8 | 14 | 13 | 16 | 15 |
| EPS in Rs | — | — | 0.45 | 0.44 | 0.68 | 0.82 | 1.23 | 1.09 | 1.42 | 1.29 |
| Dividend Payout % | 0 | 0 | 0 | 10 | 0 | 11 | 7 | 9 | 7 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 3 | 5 | 6 | 6 | 9 | 10 | 12 | 12 |
| Reserves | -1 | -1 | 1 | 2 | 3 | 36 | 53 | 82 | 92 | 107 |
| Borrowings | 0 | 0 | 0 | 1 | 3 | 9 | 24 | 33 | 49 | 64 |
| Other Liabilities | 0 | 0 | 0 | 2 | 20 | 26 | 73 | 122 | 100 | 156 |
| Total Liabilities | 0 | 0 | 4 | 11 | 32 | 76 | 159 | 248 | 253 | 338 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 6 | 5 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 4 | 7 | 28 | 70 | 149 | 242 | 247 | 329 |
| Total Assets | 0 | 0 | 4 | 11 | 32 | 76 | 159 | 248 | 253 | 338 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | -3 | 3 | 0 | -32 | -20 | -22 | -14 | 2 |
| Cash from Investing Activity | 0 | 0 | -1 | -3 | 0 | -2 | -5 | 4 | 0 | -5 |
| Cash from Financing Activity | 0 | 0 | 4 | 0 | 1 | 34 | 26 | 23 | 9 | 7 |
| Net Cash Flow | 0 | 0 | 1 | -1 | 1 | 0 | 0 | 5 | -4 | 4 |
| Free Cash Flow | 0 | 0 | -3 | -1 | 0 | -34 | -26 | -23 | -14 | -3 |
| CFO/OP | -100 | 111 | 1478 | 81 | 8 | -490 | -101 | -81 | -26 | 27 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 256 | — | 0 | 153 | 319 | 170 | 193 | 237 | 189 | 162 |
| Inventory Days | 0 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 256 | — | 0 | 153 | 319 | 170 | 193 | 237 | 189 | 162 |
| Working Capital Days | 146 | — | 4380 | 130 | 107 | 166 | 120 | 119 | 113 | 71 |
| ROCE % | 20 | -200 | -9 | 52 | 35 | 22 | 22 | 24 | 18 | 19 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Jun 2019 |
| --- | --- | --- | --- | --- |
| Promoters | 48.61% | 48.61% | 49.52% | 49.52% |
| DIIs | 0% | 0% | 0% | 7.29% |
| Public | 51.39% | 51.39% | 50.48% | 43.19% |
| No. of Shareholders | 4898 | 11436 | 10164 | 10281 |

### Quarterly

| Category | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 48.61% | 48.61% | 48.61% | 48.61% | 48.61% | 48.61% | 48.61% | 48.61% | 48.61% | 49.52% | 49.52% | 49.52% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.39% | 0% | 0% | 7.29% |
| Public | 51.39% | 51.39% | 51.39% | 51.39% | 51.39% | 51.39% | 51.39% | 51.39% | 50% | 50.48% | 50.48% | 43.19% |
| No. of Shareholders | 3988 | 4290 | 4898 | 5761 | 7825 | 10076 | 11436 | 10340 | 10163 | 10214 | 10164 | 10281 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 80.38 | Sell |
| EMA (10) | 80.16 | Sell |
| SMA (20) | 82.11 | Sell |
| EMA (20) | 81.96 | Sell |
| SMA (50) | 84.44 | Sell |
| EMA (50) | 82.96 | Sell |
| SMA (100) | 79.74 | Sell |
| EMA (100) | 83.46 | Sell |
| SMA (200) | 86.97 | Sell |
| EMA (200) | 86.28 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.42 | Neutral |
| MACD (12,26,9) | -1.96 | Sell |
| Stochastic (14,3,3) | 42.3 | Neutral |
| ADX (14) | 30.65 | Buy |
| Williams %R (14) | -58.58 | Neutral |
| ATR (14) | 2.28 | Neutral |
| ROC (12) | -1.92 | Sell |
| Stoch RSI (14) | 42.21 | Neutral |
| UO (7,14,28) | 30.73 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Sep 2019 - Intimation for Application made to Registrar of Companies, Mumbai, Maharashtra for Extension of time limit for holding the AGM | [Announcement Under Regulation 30 (LODR)-Updates 7 Sep 2019 - Intimation for Application made to Registrar of Companies, Mumbai, Maharashtra for Extension of time limit for holding the AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf81df15-b3db-41a4-bb15-f661eedaf311.pdf) |
| 7 Sep 2019 - For Application made to Registrar of Companies, Mumbai, Maharashtra for Extension of time limit for holding the AGM | [Announcement Under Regulation 30 (LODR)-Updates 7 Sep 2019 - For Application made to Registrar of Companies, Mumbai, Maharashtra for Extension of time limit for holding the AGM](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf81df15-b3db-41a4-bb15-f661eedaf311.pdf) |
| 25 Oct 2019 - Appointed Ms. Aditi Ashish Rane (DIN: 07889348) as an Additional Director of the Company w.e.f October 25, 2019. 2. Resignation of Ms. Sonia Khenduja (DIN: … | [Announcement under Regulation 30 (LODR)-Change in Directorate 25 Oct 2019 - Appointed Ms. Aditi Ashish Rane (DIN: 07889348) as an Additional Director of the Company w.e.f October 25, 2019. 2. Resignation of Ms. Sonia Khenduja (DIN: …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0df11480-3589-4a3f-800f-30dbbb97f823.pdf) |
| 25 Oct 2019 - 1. Appointed Ms. Aditi Ashish Rane (DIN: 07889348) as an Additional Director of the Company w.e.f October 25, 2019. 2. Resignation of Ms. Sonia Khenduja … | [Announcement under Regulation 30 (LODR)-Change in Directorate 25 Oct 2019 - 1. Appointed Ms. Aditi Ashish Rane (DIN: 07889348) as an Additional Director of the Company w.e.f October 25, 2019. 2. Resignation of Ms. Sonia Khenduja …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0df11480-3589-4a3f-800f-30dbbb97f823.pdf) |
| — | [Closure of Trading Window 1 Oct 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cf00d60-780c-48f1-82b4-2926c12e12c7.pdf) |
| — | [Closure of Trading Window 1 Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3cf00d60-780c-48f1-82b4-2926c12e12c7.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 24 Sep 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ace7edf-d9f1-4a03-9320-cdeb95d454dc.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 24 Sep 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ace7edf-d9f1-4a03-9320-cdeb95d454dc.pdf) |
| — | [Announcement Under Regulation 30 Of (LODR)- Updates 19 Sep 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3e07ec1-e0af-4ef2-9420-a35f34adbe5e.pdf) |
| — | [Announcement Under Regulation 30 Of (LODR)- Updates 19 Sep 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3e07ec1-e0af-4ef2-9420-a35f34adbe5e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/517080/5170800310.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:43.839Z.