True Green

BSE: TRUEGREEN · Other Textile Products

52W Range₹53 ₹201

Snapshot

Unlock True Green's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

True Green Bio Energy Limited is engaged in the production of grain-based ethanol. Formerly known as CIL Nova Petrochemicals Limited, the company rebranded in September 2024 and is headquartered in Ahmedabad, India.

Business Model

The company generates revenue through the manufacturing and sale of grain-based ethanol, serving the growing demand for biofuels in the energy sector.

Growth Outlook

Growth is expected to be driven by the increasing national focus on ethanol blending programmes and the transition towards sustainable bio-energy sources.

Key Risks

  • Regulatory Risk. The ethanol industry is highly sensitive to government policies, pricing mandates, and changes in biofuel blending targets.
  • Raw Material Volatility. Fluctuations in the prices and availability of food grains can significantly impact production costs and profit margins.
  • Operational Risk. The company faces risks related to the efficient operation of its manufacturing facilities and compliance with environmental standards.

Price

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Key Metrics

REVENUE

₹27 Cr

TTM · standalone

+726.9%YoY

NET PROFIT

₹3 Cr

TTM · standalone

+27.7%YoY

EPS

₹0.51

TTM · standalone

+104.3%YoY

RETURN ON EQUITY

2.9%

TTM · standalone

+0.4 ppYoY

RETURN ON CAPITAL EMPLOYED

3.5%

TTM · standalone

+6.3 ppYoY

P/E

363.0x

Q1 FY26 · standalone

363.0 vs 45.1x5Y avg

EV/EBITDA

126.8x

Q1 FY26 · standalone

126.8 vs -1288.6x5Y avg

EBITDA MARGIN

23.0%

TTM · standalone

+37.1 ppYoY

NET PROFIT MARGIN

15.1%

Q4 FY26 · standalone

-60.5 ppYoY

DEBT TO EQUITY

2.1x

Q4 FY26 · standalone

+0.64xYoY

Peers · Other Textile Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
True GreenTRUEGREEN
483363.04126.82726.9%23.0%2.9%3.5%+154.3%
Lakshmi MillsLAKSHMIMIL
49717.8317.56-8.1%13.9%3.4%2.0%-23.2%
Sutlej TextilesSUTLEJTEX
460-7.3721.88-3.8%2.8%-9.9%-4.2%-18.9%
Donear Inds.DONEAR
42416.478.24-0.1%11.4%17.7%31.5%-23.3%
Raghuvir SynthRAGHUSYN
38726.6718.47-23.3%9.7%41.8%25.5%-23.2%
Manomay Tex IndiMANOMAY
36916.147.732.0%12.1%12.8%16.6%+5.2%

As of Q1 FY26

Financials