On 6 Nov 2026, TruAlt Bioenergy was priced at ₹353.25, or 13.7× trailing earnings, against an industry P/E of 14.3×, and the shares are 35% below their 52-week high. Its ROCE of 11% is the second-lowest among the 7 largest Oil & Gas Refining & Marketing peers, and sales and net profit grew 14% and 25% a year over 3 years. Debt is 0.99× equity. It is a small-cap company with a market cap of ₹3,029 Cr, ranked 10th of 20 Oil & Gas Refining & Marketing companies by market cap; the shares fell 14% over the past year.
- ₹365.30
- ₹365.30
- ₹347.90
- ₹363.35
- 1.8 L
Health check
- ReturnsIn line
−14.0% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 13.7 vs industry 14.3.
- GrowthStrong
Sales +13.5%, profit +25.1% a year over 3 years.
- ProfitabilityWeak
ROCE 10.6% vs peer median 20.5%.
- Balance sheetFair
Debt 0.99× equity, interest covered 1.8×, Piotroski 4 of 9.
- Red flags2 to check
35% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,029 Cr
- Small cap
- P/E
- 13.7
- Industry 14.3
- Price to book
- 1.87
- Peers 1.81
- Dividend yield
- 0.00%
- ROE
- 14.5%
- Peers 17.3%
- ROCE
- 10.6%
- Peers 20.5%
- Debt to equity
- 0.99
- Debt ₹1,663 Cr
- EPS (TTM)
- ₹25.77
- Face value ₹10
- OPM (TTM)
- 14.3%
- Net margin 8.1%
- Sales growth
- +606.2%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.10
- EV/EBITDA 9.7
Strengths and risks
Strengths
- Quarterly sales up 606.2% on a year ago.
Risks to check
- 35% below its 52-week high.
- Interest coverage of only 1.9×.
About TruAlt Bioenergy
TruAlt Bioenergy Limited produces and sells ethanol and other products derived from distillery processes and compressed biogas in India. Its products include ethanol, green hydrogen, compressed biogas, extra neutral alcohol, and fermented organic manure. In addition, it provides biofuel dispensing stations, CO2, sustainable aviation fuel, liquid fermented organic manure, motor spirit and high-speed diesel, and dried distillers grains with solubles. The…
- Headquarters
- Bengaluru
- Employees
- 1,284
- Sector
- Energy
- ISIN
- INE0MWH01014
- Website
- trualtbioenergy.com
Price range
- Avg volume (3M)
- 2.6 L
- 1-year return
- minus 14.0%
- From 52-week high
- minus 34.8%
Peers · Oil & Gas Refining & Marketing
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCEReliance Industries | 1,320.00 | plus 0.50% | 17,86,286 | 21.8 | 10.7 | 9.0% | 11.2% | 0.44 | 6.4% | minus 10.8% |
| IOCIndian Oil Corporation | 146.25 | plus 1.21% | 2,06,523 | 4.3 | 3.8 | 20.5% | 7.3% | 0.58 | −2.2% | minus 14.6% |
| BPCLBharat Petroleum Corporation | 319.90 | plus 0.88% | 1,38,789 | 8.7 | 3.8 | 26.4% | 3.4% | 0.62 | −1.2% | minus 15.0% |
| HINDPETROHindustan Petroleum Corporation | 387.15 | plus 1.87% | 82,379 | 57.4 | 4.2 | 23.3% | 1.2% | 1.40 | 0.2% | minus 21.6% |
| PETRONETPetronet LNG | 317.00 | 0.00% | 47,550 | 10.3 | 7.1 | 21.2% | 16.0% | 0.09 | −9.7% | plus 13.0% |
| AEGISLOGAegis Logistics | 1,141.10 | minus 3.77% | 40,053 | 30.1 | 26.7 | 14.2% | 20.9% | 0.51 | −1.3% | plus 55.4% |
| MRPLMangalore Refinery & Petrochemicals | 175.67 | plus 1.12% | 30,788 | 7.0 | 6.1 | 19.0% | 6.3% | 0.60 | −6.7% | minus 1.2% |
| TRUALTTruAlt Bioenergy | 353.25 | minus 2.78% | 3,029 | 13.7 | 15.8 | 10.6% | 14.3% | 0.99 | 13.5% | minus 14.0% |
| Median of 7 peers | – | 0.88% | 82,379 | 10.3 | 6.1 | 20.5% | 7.3% | 0.58 | −1.3% | −10.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 115 | 713 | 596 | 627 | 811 | |
| 140 | 601 | 500 | 519 | 734 | |
| −25.3 | 112 | 95.8 | 108 | 76.9 | |
| −22.1% | 15.7% | 16.1% | 17.2% | 9.5% | |
| 14.8 | 17.6 | 31.4 | 14.5 | 12.6 | |
| 38.6 | 40.1 | 43.5 | 44 | 42.5 | |
| −49.2 | 89.7 | 83.7 | 78.4 | 47.1 | |
| 22.8% | 22.9% | 27.2% | 24.4% | 25.7% | |
| −37.9 | 69.3 | 60.9 | 57.2 | 34.7 | |
| -4.42 | 8.07 | 6.99 | 6.67 | 4.04 |
Profit & loss
- Sales CAGR 3Y
- +13.5%
- Profit CAGR 3Y
- +25.1%
- ROE
- 14.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,160 | 1,223 | 1,826 | 1,698 | |
| – | +5.4% | +49.3% | minus 7.0% | |
| 1,006 | 1,035 | 1,517 | 1,408 | |
| 155 | 188 | 309 | 290 | |
| 13.3% | 15.4% | 16.9% | 17.1% | |
| −1.3 | 49.9 | 56.4 | 81 | |
| 56.9 | 136 | 140 | 155 | |
| 29.5 | 56.9 | 66.9 | 86.2 | |
| – | 0 | 0.4 | −0.3 | |
| 67.1 | 44.9 | 159 | 130 | |
| 27.0% | 29.1% | 8.0% | 25.5% | |
| 49 | 31.8 | 147 | 95.9 | |
| – | minus 35.1% | +361.0% | minus 34.6% | |
| – | – | – | 12.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 61.1 | 61.1 | 70.6 | 85.8 | |
| 179 | 204 | 698 | 1,435 | |
| 863 | 1,367 | 1,557 | 1,652 | |
| 752 | 788 | 704 | 606 | |
| 1,856 | 2,419 | 3,030 | 3,778 | |
| 1,235 | 1,609 | 1,826 | 2,145 | |
| 86.1 | 333 | 139 | 87.2 | |
| – | – | 1.1 | 24.4 | |
| 4.8 | 33.4 | 154 | 93.8 | |
| 530 | 443 | 909 | 1,428 | |
| 1,856 | 2,419 | 3,030 | 3,778 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 51.6 | 35.5 | 342 | −296 | |
| −474 | −384 | −255 | −413 | |
| 420 | 367 | 39.7 | 648 | |
| −2.2 | 18.6 | 126 | −61.5 | |
| −488 | −357 | −260 | −511 | |
| −437 | −321 | 82.3 | −806 |
Shareholding pattern
- Promoters71.38%
- Public28.62%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.38% | 28.62% | plus 0.83 | |
| 30 Jun 2026 | 70.55% | 29.45% | 0.00 | |
| 31 Mar 2026 | 70.55% | 29.45% | 0.00 | |
| 31 Dec 2025 | 70.55% | 29.45% | 0.00 | |
| 1 Oct 2025 | 70.55% | 29.45% | – |
Major shareholders
Filings & events
News
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