True Green Bio Energy Ltd (TRUEGREEN)

Loading page…

True Green Bio Energy Ltd (TRUEGREEN) · mywealthgrid

About

True Green Bio Energy Ltd operates in Other Textile Products within the Consumer Discretionary sector. At ₹659.84 Cr market cap, the company operates at modest scale with quarterly revenues ranging ₹1.84–₹15.1 Cr (Jun 2024–Mar 2025). Recent quarters show predominantly losses (Mar 2025: -₹2.33 Cr), reflecting profitability challenges.

Face value: ₹10

Market cap

₹601 Cr

P/E

19.2×

P/B

3.8×

Dividend yield

ROE

22.8%

ROCE

16.6%

Debt / equity

2.14

OPM

21.4%

EPS (TTM)

₹9.5

Book value

₹48.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue volatility: ₹1.84–₹15.1 Cr across recent quarters—verify whether driven by market demand or operational inconsistency.
Profitability stress: five of eight visible quarters show losses; Mar 2025 posted -₹2.33 Cr with -7.47% OPM—verify if structural or cyclical.
Leverage with thin margins: D/E 1.5, ROE -2.14%, 1.16% OPM leaves minimal cushion for cost shocks or debt service.
Earning power absent: PE n/a due to negative earnings; verify path to profitability and sustainability of ₹209.9 stock price.

Generated analysis · source review pending

Growth drivers

Sep 2024 revenue of ₹15.1 Cr is dataset's highest; verify if repeatable—if sustained, would exceed recent run-rate (₹1.84–3.08 Cr) by 5–8×.
Jun 2024 and Dec 2024 achieved 12.55% and 10.31% OPM vs. Mar 2025's -7.47%—verify cost drivers and whether these margins are recoverable.
Six of eight quarters show losses; achieving consistent profitability would improve ROE from current -2.14%—verify operational scalability and pricing environment.

Generated analysis · source review pending

2,474 historical price candles were omitted because the exchange source has not been verified.

₹182.0-3.5%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 21.4%
+Profit CAGR of 42.5% over the last 5 years
+High promoter holding of 61.3% with no pledge

Cons

−Low return on equity of 7.4% (3-yr avg)
−Heavily leveraged (debt/equity 2.1)

Research score

Structured signal from quality, growth, valuation and momentum.

68/100

Business quality: 38
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	202	224	251	249	196	154	296	0	0	23	284
COGS	-140	-162	-195	-194	148	107	215	0	0	19	178
Gross profit	—	—	—	—	48	47	81	—	—	4	105
	325	372	439	438	46	36	67	0	2	4	45
	17	14	7	5	3	12	14	-0	-2	0	61
OPM %	8.5%	6.3%	2.9%	2%	1.3%	7.5%	4.7%	—	—	1.2%	21.4%
Depreciation	6	5	—	5	4	4	4	1	2	2	6
Interest	4	2	4	4	4	3	3	0	0	0	13
	0	1	2	2	2	2	3	-4	0	0	0
Profit before tax	8	7	2	-1	-3	6	10	-6	1	-2	42
Tax	2	2	0	—	0	1	2	0	-0	0	11
Tax %	30.6%	28.2%	22%	—	0%	17.4%	17.5%	0%	-24.2%	0%	25.4%
	5	5	1	-1	-3	5	8	-6	1	-2	31
PAT margin %	2.7%	2.2%	0.5%	-0.5%	-1.6%	3.5%	2.6%	—	—	-9.4%	11%
EPS (₹)	4	3.4	0.5	-0.5	-1.1	2	2.9	-2.2	0.3	-0.8	9.6
EPS adjusted (₹)	—	—	—	—	-1.1	2	2.9	-2.2	0.3	-0.7	9.5
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	—	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	27	27	27	27	27	30	33
Reserves	53	58	66	—	62	86	126
	20	20	27	—	18	174	340
	51	60	36	—	6	23	58
Total equity & liabilities	151	165	156	—	112	312	558
	84	84	83	58	61	57	340
CWIP	4	4	4	—	25	208	6
Investments	0	0	2	—	0	0	0
	64	78	68	—	25	47	212
Total assets	151	165	156	—	112	312	558

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-3	8	6	3	-24	3	-31	-47
	1	-1	-4	4	3	-16	-152	-105
	2	-7	-2	-3	-28	14	185	168
Net cash flow	-0	-0	-0	4	-49	0	2	16
Free cash flow	—	6	1	0	-29	-38	-188	-142
CFO / Operating profit %	-60.6%	291.2%	48%	23.4%	—	—	—	-77.1%

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	24.7%	30.7%	27.5%	—	—	16.6%	37.1%
EBITDA margin %	2%	1.3%	7.5%	4.7%	—	—	1.2%	21.4%
EBIT margin %	0.1%	-0.8%	4.8%	3.2%	—	—	-5.5%	19.2%
PAT margin %	-0.5%	-1.6%	3.5%	2.6%	—	—	-9.4%	11%
Working capital
Receivable days	—	67	87	35	—	—	39	95
Inventory days	—	52	106	57	—	—	55	80
Payable days	—	81	138	29	—	—	42	52
NWC days	—	38	55	63	—	—	52	123
Leverage
Current ratio	—	1.04	1.09	1.35	—	0.29	0.88	1.18
Debt to EBITDA	—	7.45	1.7	1.93	—	—	642.96	5.6
Debt to equity	—	0.24	0.23	0.29	—	0.2	1.5	2.14
Interest coverage	0.7	0.2	3.5	4.6	—	-21.7	-14.3	4.3
Asset turnover	—	1.3	0.93	1.9	—	0	0.07	0.51
Return ratios
Return on assets %	—	-2%	3.2%	5%	—	0.7%	-0.7%	5.6%
Return on capital employed %	—	0.8%	9.6%	12%	—	-3.7%	-0.6%	16.6%
Return on equity %	—	-3.8%	6.2%	8.4%	—	0.9%	-1.9%	19.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.51%	74.51%	74.51%	74.51%	74.51%	69.34%	67.49%	61.27%	61.27%	61.27%	61.27%	61.27%
	11.68%	11.75%	11.87%	11.9%	11.75%	17.87%	17.83%	25.4%	25.4%	25.72%	25.18%	25.15%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.08%	0.08%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	13.81%	13.74%	13.62%	13.59%	13.74%	12.79%	14.68%	13.33%	13.33%	13.01%	13.47%	13.5%
No. of shareholders	—	—	—	—	—	—	—	—	7,275	7,403	7,480	7,353

Promoter holding down 13.24 percentage points since Sep 2023.

7 deals · 16 Aug 2021 – 28 Aug 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Aug 2024	ALBULA INVESTMENT FUND LTD	Bulk	BSE	Buy	12,80,049	₹70.50	₹9.02 Cr
28 Aug 2024	LOTUS GLOBAL INVESTMENTS LTD	Bulk	BSE	Sell	12,80,049	₹70.50	₹9.02 Cr
28 Aug 2024	LEGENDS GLOBAL OPPORTUNITIES (SINGAPORE) PTE. LTD.	Bulk	BSE	Buy	12,55,000	₹69.74	₹8.75 Cr
28 Aug 2024	NEW LEAINA INVESTMENTS LIMITED	Bulk	BSE	Sell	12,55,000	₹69.74	₹8.75 Cr
15 Jun 2023	GUPTA SYNTHETICS LIMITED	Bulk	BSE	Sell	2,41,906	₹17.18	₹0.42 Cr
16 Aug 2021	LOTUS GLOBAL INVESTMENTS LIMITED	Bulk	BSE	Buy	9,44,117	₹24.60	₹2.32 Cr
16 Aug 2021	ANIL DHANUKA	Bulk	BSE	Sell	9,35,405	₹24.60	₹2.30 Cr

1–7 of 7

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. JYOTIPRASAD DEVKINANDAN CHIRIPALNon-Executive - Non Independent Director-Chairperson
Satish Ravishanker BhattChief Finance Officer
Ms. POOJA SHAHNon-Executive - Independent Director
Mr. CHINTAN PATELNon-Executive - Independent Director
Mr. SURESH CHATTERJEENon-Executive - Independent Director
Mr. PRADEEP MANTRIExecutive Director
Ms. TRUSHA SHAHNon-Executive - Independent Director
Mr. Shashank ParanjapeChief Executive Officer
Ms. Trusha ShahNon-Executive - Independent Director
Ms. Siddhi ShahCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in True Green Bio Energy Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

30 Sept 2026, 4:20 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 6:08 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 12:26 pmCompany Update

Letter To Shareholder Containing Weblink And Exact Path For Accessing Annual Report And Notice Of 22Nd Annual General Meeting.

General PDF

7 Sept 2026, 6:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 6:42 pmCorp. Action

Intimation Of Record Date/Cut-Off Date

Record Date PDF

7 Sept 2026, 6:35 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 6:29 pmAGM/EGM

Notice Of 22Nd Annual General Meeting

AGM PDF

17 Aug 2026, 2:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
30 Sept 2026, 4:20 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 6:08 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	24.7%	30.7%	27.5%	—	—	16.6%	37.1%
EBITDA margin %	2%	1.3%	7.5%	4.7%	—	—	1.2%	21.4%
EBIT margin %	0.1%	-0.8%	4.8%	3.2%	—	—	-5.5%	19.2%
PAT margin %	-0.5%	-1.6%	3.5%	2.6%	—	—	-9.4%	11%
Working capital
Receivable days	—	67	87	35	—	—	39	95
Inventory days	—	52	106	57	—	—	55	80
Payable days	—	81	138	29	—	—	42	52
NWC days	—	38	55	63	—	—	52	123
Leverage
Current ratio	—	1.04	1.09	1.35	—	0.29	0.88	1.18
Debt to EBITDA	—	7.45	1.7	1.93	—	—	642.96	5.6
Debt to equity	—	0.24	0.23	0.29	—	0.2	1.5	2.14
Interest coverage	0.7	0.2	3.5	4.6	—	-21.7	-14.3	4.3
Asset turnover	—	1.3	0.93	1.9	—	0	0.07	0.51
Return ratios
Return on assets %	—	-2%	3.2%	5%	—	0.7%	-0.7%	5.6%
Return on capital employed %	—	0.8%	9.6%	12%	—	-3.7%	-0.6%	16.6%
Return on equity %	—	-3.8%	6.2%	8.4%	—	0.9%	-1.9%	19.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

True Green Bio Energy Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

True Green Bio Energy Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1