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Companies›Consumer Discretionary›Textiles›Textiles & Apparels

TRUE GREEN BIO ENERGY LIMITED

Textiles › Textiles & Apparels
₹191.00
at close · 28 Oct 2026
▼ 0.70 (-0.37%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Board to approve September 2026 quarter and half-year results · Results
  2. Routine compliance filing: dematerialisation certificate for Q2 FY27 · Compliance
  3. 22nd AGM results: all 4 resolutions passed at True Green Bio Energy · Board & Shareholder Meetings
All filings ↓
Ask Nexa about TRUE GREEN BIO ENERGY LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates two businesses: a 300 kilolitres-per-day (KLPD) grain-based ethanol plant in Ahmedabad that commenced commercial operations during FY26, and a yarn manufacturing business that had been the historical mainstay. Q3 FY26 revenue from operations jumped to ₹84.32 crore from ₹1.84 crore in the year-ago quarter, with the ramp-up driven by the new ethanol plant. Yarn sales were ₹5.91 crore in Q1 FY26 and ₹0.73 crore in Q2 FY26, becoming a much smaller contributor as ethanol scaled up. For the full FY26, total revenue stood at ₹283.70 crore with an EBITDA margin of 21.51%. Materials accounted for 63.7% of revenue, the dominant cost line consistent with grain feedstock for ethanol production.

Operating scale
Ethanol plant capacity
300 KLPD (kilolitres per day)FY26
Ethanol plant feedstock
Grain-basedFY26
Plant location
AhmedabadFY26
Q3 FY26 revenue from operations
₹84.32 croreQ3 FY26
FY26 total revenue
₹283.70 croreFY26
Who pays it
Buyers of grain-based ethanol and textile yarn; specific end customers not stated in the pack.
Biggest cost
Materials (grain feedstock for ethanol and yarn inputs) at 63.7% of revenue
Kind of business
Two-segment manufacturer: newly scaled grain-based ethanol plus a residual yarn business
Where it sits
Formerly CIL Nova Petrochemicals Ltd; based in Ahmedabad, Gujarat; listed on BSE
Market Cap
₹629 Cr
P / E (TTM)
12.2×
EV / EBITDA
9.9×
Div Yield
—
Growth
13.0%▲
Revenue 5y CAGR
PAT +42.5% · EBITDA +36.0%
Quality
-0.4%·
ROCE (5y median)
ROE 0.9% (5y median) · margin 21.5%
Leverage
2.14·
Debt / Equity · high
Net debt ₹321 Cr
Revenue FY21→FY26
1.8×▲
Margin +7.6 pts
₹154 Cr → ₹284 Cr
Cash conversion
-3.03×▼
Operating cash ÷ profit · 5 yrs
₹-96 Cr on ₹32 Cr
Moves on a normal day
1.98%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 229 Other Textile Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#71/179
P/B#162/185
ROCE#52/215
ROE#15/188
Debt / Equity#175/188
EBITDA margin#49/198
Revenue growth#4/192
Profit growth#3/203

Scorecard

Measured from the filed financials, judged against its Other Textile Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Profit compounding 43% a year over 5 years
Concerns
Negative returns on capital — −0.4% (5-year median)
#52 of 215 in Other Textile Products on the latest reported figures · up from 9.3% in FY21
Carries more debt than its peers — 2.14× equity
higher than 93% of its 188 Other Textile Products peers
Over 5 years it reported ₹32 Cr of profit and an operating cash outflow of ₹96 Cr — -3.03×
Less than 60p of every ₹1 of profit arrived as cash
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from TRUE GREEN BIO ENERGY LIMITED's filed financials and exchange disclosures

What does TRUE GREEN BIO ENERGY LIMITED do?

TRUE GREEN BIO ENERGY LIMITED is a Textiles & Apparels company listed on BSE.

Is TRUE GREEN BIO ENERGY LIMITED profitable?

Yes. Over the trailing twelve months TRUE GREEN BIO ENERGY LIMITED reported a net profit of ₹54 Cr on revenue of ₹504 Cr.

Does TRUE GREEN BIO ENERGY LIMITED pay a dividend?

Not in the latest reported year — TRUE GREEN BIO ENERGY LIMITED's dividend payout for FY26 was nil.

Is TRUE GREEN BIO ENERGY LIMITED debt-free?

No. It reported borrowings of ₹340 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹321 Cr after cash. Debt stands at 2.14× equity. That is higher than 93% of its 188 Other Textile Products peers.

Is TRUE GREEN BIO ENERGY LIMITED expensive compared with its peers?

On trailing P/E, TRUE GREEN BIO ENERGY LIMITED ranks 71 of 179 in Other Textile Products — cheaper than 61% of them, against an industry median of 16.8×. This is a position, not a valuation judgement.

How much does the TRUE GREEN BIO ENERGY LIMITED share price move in a day?

On a typical session TRUE GREEN BIO ENERGY LIMITED moves 1.98% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are TRUE GREEN BIO ENERGY LIMITED's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track TRUE GREEN BIO ENERGY LIMITED's announcements?

Every NSE and BSE filing by TRUE GREEN BIO ENERGY LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.