High Ground Enterprise (Delisted) share price
BSE: 517080Construction
High Ground Enterprise Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 1987
Last traded ₹0.30 on 26 May 2020
Delisted on 20 Sep 2021.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Aug 2021
5 Aug · Delisting
Members of the Exchange are hereby notified that in terms of Regulations of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Section 21A of the Securities Contract (Regulations) Act, 1956, Securities Contract (Regulations) Rules, 1957 and Bye-Laws of the Exchange, it has been decided to delist (withdraw the admission to dealings in) equity shares of High Ground Enterprise Limited w.e.f. August 27, 2021 as per SEBI (Delisting of Equity Shares) Regulations, 2009
Aug 2020
Oct 2019
Sep 2019
Q3 results, quarter to Dec 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹69 Cr−45.5% on a year ago · −20.1% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹5.85 Cr−32.8% on a year ago · −19.5% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹1.94 Cr−55.7% on a year ago · −37.8% on the quarter before
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹0.34−10.5% on a year ago · +25.9% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Operating margin
- 8.5%
- Net margin
- 2.8%
From revenue to net profit, ₹ crore
- Revenue69
- Materials and goods−59
- Employee costs−0.7
- Other expenses−3.5
- Operating profit5.9
- Depreciation−0.6
- Other income0.0
- Finance costs−2.2
- Profit before tax3.0
- Tax−1.1
- Net profit1.9
High Ground Enterprise results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2018. Results for the quarter to Mar 2019 were due by 30 May 2019, 60 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018Q1 | Sep 2018 | Dec 2018Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 24 | 24 | 53 | 47 | 38 | 54 | 63 | 70 | – | 65 | 76 | 84 | 134 | 129 | 63 | 126 | 224 | 134 | 86 | 69 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 20 | 22 | – | 45 | 32 | 45 | 53 | 60 | – | 59 | 68 | 76 | – | 119 | 55 | 117 | 213 | 124 | 79 | 63 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 53 | 114 | 208 | 120 | 77 | 59 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1 | 1 | 1 | 1 | 1 | 1 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1 | 3 | 4 | 4 | 1 | 3 |
| Operating profit before depreciation | 3 | 2 | – | 3 | 6 | 9 | 10 | 11 | – | 6 | 8 | 8 | – | 10 | 8 | 9 | 11 | 9 | 7 | 6 |
| Operating margin | 13.1% | 9.4% | – | 5.5% | 16.6% | 15.9% | 15.7% | 15.0% | – | 8.9% | 10.2% | 9.6% | – | 8.1% | 12.6% | 6.9% | 4.8% | 6.8% | 8.4% | 8.5% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 0 | 0 | – | 0 | 0 | 0 | 0 | 0 | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | – | 1 | 1 | 1 | – | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0 | 0 | 0 |
| Profit before tax | 3 | 2 | 4 | 2 | 6 | 8 | 9 | 10 | – | 5 | 6 | 7 | 18 | 9 | 6 | 7 | 9 | 7 | 5 | 3 |
| 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | – | 2 | 2 | 2 | 1 | 3 | 2 | 2 | 3 | 2 | 2 | 1 | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 32.0% | 32.5% | 32.5% | 32.4% | 34.8% | 33.1% | 32.4% | 29.9% | – | 33.1% | 35.7% | 33.0% | 3.2% | 34.6% | 34.6% | 34.6% | 38.2% | 33.4% | 34.8% | 36.2% |
| Net profit | 2 | 1 | 2 | 1 | 4 | 5 | 6 | 7 | – | 3 | 4 | 5 | 17 | 6 | 4 | 4 | 5 | 4 | 3 | 2 |
| Net margin | 8.0% | 5.0% | 4.7% | 2.6% | 9.6% | 9.5% | 9.8% | 9.5% | – | 4.8% | 5.4% | 5.4% | 12.8% | 4.4% | 6.1% | 3.5% | 2.4% | 3.3% | 3.6% | 2.8% |
| Earnings per share | – | – | – | – | – | – | – | – | – | ₹0.30 | – | – | ₹1.49 | ₹0.49 | ₹0.33 | ₹0.38 | ₹0.47 | ₹0.38 | ₹0.27 | ₹0.34 |
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016.
The quarters either side of a change of basis do not compare. From the quarter to Mar 2015, the company's revenue for the year to Mar 2015, ₹154 Cr, differs from its quarters added, ₹163 Cr. From the quarter to Mar 2017, the company's revenue for the year to Mar 2017, ₹308 Cr, differs from its quarters added, ₹359 Cr.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 2 of the 9 years with results on record
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
The years either side of a change of basis do not compare. From the year to Mar 2012, the company's revenue for that year, ₹12 Cr, differs from its quarters added, ₹17 Cr. From the year to Mar 2015, the company's revenue for that year, ₹154 Cr, differs from its quarters added, ₹163 Cr. From the year to Mar 2017, the company's revenue for that year, ₹308 Cr, differs from its quarters added, ₹359 Cr.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue537
- Materials and goods−491
- Employee costs−2.8
- Other expenses−11
- Operating profit33
- Depreciation−1.8
- Other income+0.8
- Finance costs−6.8
- Profit before tax25
- Tax−9.1
- Net profit16
Profit and loss
Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016. The last column is the twelve months to Dec 2018, the latest four quarters added.
| ₹ crore | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Dec 2018Twelve months |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | – | 3 | 12 | 28 | 76 | 154 | – | 308 | 537 | 512 |
| – | – | – | 9 | 24 | 70 | 139 | – | – | 504 | 479 | |
| Materials and goods bought | – | – | – | 8 | – | – | – | – | – | 491 | 464 |
| Employee costs | – | – | – | 0 | – | – | – | – | – | 3 | 3 |
| Other expenses | – | – | – | 1 | – | – | – | – | – | 11 | 12 |
| Operating profit before depreciation | – | – | – | 3 | 3 | 6 | 15 | – | – | 33 | 33 |
| Operating margin | – | – | – | 25.6% | 12.2% | 7.9% | 9.9% | – | – | 6.2% | 6.4% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | – | – | – | 66.3% | – | – | – | – | – | 91.3% | 90.6% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | – | – | – | 3.2% | – | – | – | – | – | 0.5% | 0.6% |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | – | – | – | 4.8% | – | – | – | – | – | 2.0% | 2.4% |
| Depreciation and amortisation | – | – | 0 | 0 | 0 | 0 | 1 | – | 1 | 2 | 3 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | – | – | – | 3 | 3 | 6 | 14 | – | – | 31 | 30 |
| Other income | – | – | – | – | 0 | 1 | 1 | – | 0 | 1 | 1 |
| Finance costs | – | – | – | 0 | 0 | 1 | 2 | – | – | 7 | 8 |
| Profit before tax | 0 | 0 | 0 | 3 | 3 | 6 | 13 | – | 19 | 25 | 23 |
| – | – | – | 0 | 1 | 2 | 4 | – | 7 | 9 | 8 | |
| Net profit | 0 | 0 | 0 | 3 | 3 | 4 | 8 | – | 13 | 16 | 15 |
| Net margin | 2.1% | – | −6.7% | 21.5% | 9.7% | 5.3% | 5.5% | – | 4.1% | 3.0% | 2.9% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2013, Mar 2014 and Mar 2015 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2009: the statement does not state its finance costs or depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2010: the statement does not state its revenue, finance costs or depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2011 and Mar 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to March.
| Ratio | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | −64.3% | – | – | – | 125.1% | 177.6% | – | – | – | 74.7% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | – | – | – | 7.3% | 80.0% | – | – | – | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | −98.6% | – | – | – | 1.4% | 52.0% | 108.2% | – | – | 30.0% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | – | – | – | – | – | – | – | – | 30.3% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | – | – | – | 781.8 | 9.4 | 6.9 | 6.5 | – | – | 4.6 |
Revenue growth is left blank for the year to Mar 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Revenue growth and operating profit growth are left blank for the year to Mar 2015: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2018.
| Measure | 5 years | 3 years |
|---|---|---|
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 4.5% | 3.6% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 15.84 | 40.13 | 32.05 | 33.99 | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.
Business segments
Share of revenue, quarter to Dec 2018, standalone.
- EPCMEPCM, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹42.8 Cr62.3%
- Media Consulting & Allied ServicesMedia Consulting & Allied Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹25.9 Cr37.7%
Where the return came from
Yearly rates to Mar 2018, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −65.4% | +30.3% | −73.4% | 0.0% |
Longer windows are left empty: a corporate action or price step on 2015-07-16 that cannot be sized sits inside this window.
High Ground Enterprise share price by year
Each calendar year to 2020.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2020 | 0.30 | −40.0% | 0.45 | 0.30 |
| 2019 | 0.50 | −94.3% | 9.35 | 0.40 |
| 2018 | 8.80 | −46.2% | 17.25 | 8.15 |
| 2017 | 16.35 | −50.8% | 36.80 | 8.20 |
| 2016BSE close | 33.20 | −69.3% | 113.60 | 28.75 |
| 2015BSE close | 108.25 | – | 108.80 | 44.00 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2015 is from its first session, 16 Jul 2015. The 2020 close is its last trade, on 26 May 2020.
Recent sessions
The 10 trading days to 26 May 2020, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 26 May 2020 | 0.35 | 0.35 | 0.30 | 0.30 | 0.34 | 43,318 |
| 18 May 2020 | 0.35 | 0.40 | 0.35 | 0.35 | 0.35 | 13,779 |
| 11 May 2020 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 4,025 |
| 4 May 2020 | 0.30 | 0.40 | 0.30 | 0.40 | 0.35 | 1,20,034 |
| 27 Apr 2020 | 0.35 | 0.40 | 0.30 | 0.35 | 0.33 | 1,44,199 |
| 20 Apr 2020 | 0.30 | 0.35 | 0.25 | 0.35 | 0.33 | 87,957 |
| 13 Apr 2020 | 0.35 | 0.35 | 0.25 | 0.30 | 0.31 | 49,344 |
| 7 Apr 2020 | 0.30 | 0.35 | 0.30 | 0.30 | 0.33 | 42,630 |
| 30 Mar 2020 | 0.30 | 0.35 | 0.25 | 0.30 | 0.29 | 32,887 |
| 23 Mar 2020 | 0.30 | 0.30 | 0.25 | 0.30 | 0.30 | 12,500 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 16 Jul 2015 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. The company made an announcement in time for trading that day or the trading day before. Earlier prices are not shown. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it.
Company details
- BSE code
- 517080
- ISIN
- INE361M01021
- Industry
- Construction
- Former symbols
- HIGHGROUND
- Website
- www.highgroundenterprise.com
- CIN
- L74999MH1986PLC222681
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1986
- Registered office
- Office No. 2, Om Heera Panna Mall, 2nd Floor, Oshwira, Andheri (W), Mumbai 400053, Maharashtra
- Share registrar
- RCMC Share Registry Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments