Produces ethanol from grain and sugar feedstock across five plants with a combined capacity of 2,000 KLPD, of which 1,300 KLPD is dual-feed. In Q1 FY27 the company produced and sold ~8.5 crore litres of ethanol at ~Rs 640 crore revenue, supplied mainly to oil marketing companies (OMCs) under India's ethanol blending programme. Compressed biogas (CBG) is being built out via two joint ventures — three plants (~60 TPD) with Sumitomo and six plants (72 TPD) with GAIL — scaling capacity from 10 TPD to a targeted 162 TPD by FY27 end. A sustainable aviation fuel (SAF) project of 100 million litre capacity is in development using Honeywell UOP technology, backed by a Rs 150 crore grant under PM JI-VAN Yojana. Fuel retail had 7 outlets operational at the time of the Q1 FY27 call with a target of ~100 outlets. Materials — feedstock such as grain and sugar — account for 61.2% of revenue, the dominant cost line, while capex runs at 29.6% of revenue as new plants come up. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Ethanol, Compressed Biogas (CBG), Sustainable Aviation Fuel (SAF), Fuel retail. Asset-heavy, capex-intensive biofuels platform with high reliance on government policy for ethanol allocation and blending targets
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 1,728 |
| EBITDA (ex other income) | 290 |
| margin % | 16.8 |
| Owners' profit | 96 |
| EPS, as reported (₹) | 12.30 |
| ROE % · ROCE % | 6.1 · 10.8 |
| Debt / equity (x) | 1.04 |
| Cash from operations | (289) |
| Capex | (511) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 304 | 115 | 713 | 596 | 627 |
| Profit before tax | 6 | (49) | 90 | 84 | 78 |
| Net profit | 5 | (38) | 69 | 61 | 59 |
| EPS (₹) | 0.67 | (5.37) | 8.07 | 6.99 | 6.67 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LT FOODS LIMITED | 15,244 | 23.8 | 3.37 | 12.9 | 13.8 | 16.0 | 18.7 | 11.5 |
| KRBL LIMITED | 9,630 | 12.7 | 1.66 | 10.0 | 11.2 | 14.7 | 8.8 | 24.9 |
| GUJARAT AMBUJA EXPORTS LT | 7,486 | 18.0 | 2.27 | 13.9 | 9.2 | 11.7 | 4.0 | 17.0 |
| KAVERI SEED CO. LTD. | 3,703 | 15.0 | 2.11 | 10.0 | 16.9 | 17.0 | 6.1 | 40.1 |
| TRUALT BIOENERGY LIMITED ◆ | 3,550 | 25.3 | 2.25 | 13.6 | 6.1 | 4.8 | — | 23.5 |
| SANSTAR LIMITED | 2,207 | 65.6 | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · 5th AGM results: 4 of 5 resolutions passed; executive director commission rejected | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · TruAlt Bioenergy holds 5th AGM; shares ethanol, CBG and SAF update | board shareholder meetings | low | — | — |
| 26 Aug 2026 · NSE and BSE fine TruAlt for board composition non-compliance | regulatory legal | high | — | — |
| 21 Aug 2026 · TruAlt Bioenergy receives GST demand order of Rs 6.60 crore from Karnataka tax authority | regulatory legal | high | — | — |
| 13 Aug 2026 · Promoter group entity Nirani Holdings buys 20,000 TruAlt shares | ownership changes | medium | — | — |
| 12 Aug 2026 · Promoter group entity Nirani Holdings buys 24,200 TruAlt Bioenergy shares | ownership changes | medium | — | — |
| 10 Aug 2026 · Nirani Holdings buys 57,801 TruAlt Bioenergy shares, stake rises to 1.63% | ownership changes | medium | — | — |
| 8 Aug 2026 · Newspaper ad for 5th AGM filed with BSE and NSE | compliance | minimal | — | — |
| 7 Aug 2026 · TruAlt Bioenergy sends Annual Report and AGM notice to shareholders | compliance | low | — | — |
| 7 Aug 2026 · Promoter group entity Nirani Holdings buys 91,705 Trualt shares on market | ownership changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| — |
| 8.8 |
| AMIR CHAND JAG KUM (E) L | 2,131 | 20.4 | 2.31 | 12.6 | 11.2 | 14.8 | — | 9.5 |
| GRM OVERSEAS LIMITED | 1,747 | 13.3 | 2.88 | 16.4 | 12.3 | 16.5 | 17.2 | 8.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 25.3 | 12.0 | 53 of 65 | 19% |
| P/B | 2.3 | 1.7 | 35 of 51 | 32% |
| ROCE | 4.8 | 4.4 | 33 of 68 | 52% |
| ROE | 6.1 | 3.3 | 23 of 54 | 59% |
| Debt / Equity | 1.0 | 0.2 | 44 of 54 | 19% |
| EBITDA margin | 23.5 | 9.7 | 8 of 45 | 84% |
| Revenue growth | 106.3 | 10.3 | 3 of 51 | 96% |
| Profit growth | 1154.4 | 16.6 | 3 of 51 | 96% |
| Market cap | 3550 | 69 | 5 of 69 | 94% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
