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True Green Bio Energy (BSE: TRUEGREEN) had a P/E of 11.6× on 6 Nov 2026, below the industry P/E of 17.1×, and the shares are 29% below their 52-week high. It earns ROCE of 14% and ROE of 23%. Debt is 2.14× equity. It is a small-cap company with a market cap of ₹597 Cr, ranked 47th of 246 Textile Manufacturing companies by market cap; the shares rose 160% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹190.00
Day high
₹190.00
Day low
₹180.80
Prev. close
₹189.70
Volume
2.7K

Health check

2 good · 1 fair · 2 to check
  • ReturnsAhead

    +159.9% over a year, better than 7 of 7 peers.

  • Price tagCheaper

    P/E 11.6 vs industry 17.1.

  • Growthn/a

    Not enough yearly results to measure.

  • ProfitabilityAverage

    ROCE 13.9% vs peer median 10.7%.

  • Balance sheetStretched

    Debt 2.14× equity, interest covered 4.4×, Piotroski 6 of 9.

  • Red flags1 to check

    Debt is 2.14× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Textile Manufacturing

245 listed peers. Screen the industry

Small cap

₹597 Cr, #47 of 246 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹504 Cr · profit ₹54 Cr
Market cap
₹597 Cr
Small cap
P/E
11.6
Industry 17.1
Price to book
3.72
Peers 3.81
Dividend yield
0.00%
ROE
22.8%
Peers 10.1%
ROCE
13.9%
Peers 10.7%
Debt to equity
2.14
Debt ₹340 Cr
EPS (TTM)
₹15.64
OPM (TTM)
19.0%
Net margin 10.6%
Sales growth
+3143.0%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
1.18
EV/EBITDA 9.6

Strengths and risks

Strengths

  • Return on equity of 22.8%.
  • Quarterly sales up 3143.0% on a year ago.
  • P/E of 11.6 against an industry P/E of 17.1.

Risks to check

  • Debt is 2.14× equity.

Derived automatically from reported figures. Not a recommendation.

About True Green Bio Energy

True Green Bio Energy Limited engages in manufacture and sale of grain based ethanol in India. The company was formerly known as CIL Nova Petrochemicals Limited and changed its name to True Green Bio Energy Limited in September 2024. True Green Bio Energy Limited was incorporated in 2003 and is based in Ahmedabad, India.

Headquarters
Ahmedabad
Employees
209
Sector
Consumer Cyclical
ISIN
INE672K01025
Website
cnpcl.com

Price range

52 weeks

₹56.01₹255.00

Today

₹180.80₹190.00
Avg volume (3M)
19.8K
1-year return
plus 159.9%
From 52-week high
minus 29.0%

Peers · Textile Manufacturing

Compare with peersScreen the whole industry
Company
KPRMILLK.P.R. Mill1,164.40minus 0.25%39,88338.36.4120.0%18.0%22.1%2.3%2.1%0.43%plus 10.5%
WELSPUNLIVWelspun Living241.30minus 4.75%22,71752.84.475.8%8.8%28.7%5.7%0.9%0.04%plus 96.2%
VTLVardhman Textiles508.80minus 4.89%14,72917.11.388.6%7.3%13.7%−0.8%−2.1%0.93%plus 22.2%
ARVINDArvind494.75minus 0.58%12,96928.43.1015.4%11.1%10.9%3.4%0.8%0.90%plus 57.3%
TRIDENTTrident23.88plus 0.08%12,16825.42.5310.7%10.1%14.9%1.8%−5.1%2.10%minus 16.6%
ICILIndo Count Industries489.85minus 2.25%9,70239.83.819.5%5.5%9.7%11.6%−22.9%0.30%plus 78.7%
GARFIBRESGarware Technical Fibres715.65minus 2.13%6,98829.84.9719.3%15.3%19.2%5.6%4.9%1.23%minus 3.9%
TRUEGREENTrue Green Bio Energy181.05minus 4.56%59711.63.7213.9%22.8%19.0%––0.00%plus 159.9%
Median of 7 peers–−2.13%12,96929.83.8110.7%10.1%14.9%3.4%0.8%0.90%22.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
72.284.2190228
5.32.268.7147191
1.7015.543.536.9
24.4%2.2%18.4%22.8%16.2%
00.90.1−0.70.2
006.56.36.5
0.30.38.1−2.53.3
1.40.7138.927.3
127.6%−25.0%−110.4%26.2%20.1%
−0.40.92.228.721.8
-0.030.070.178.776.63

Profit & loss

Yearly, ₹ crore
ROE
22.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
––23.3278
––23217
2.8−1.70.360.7
––1.2%21.9%
0.10.3−0.1−0.4
–0012.3
4.31.91.56.2
––0.10.2
−1.5−3.4−1.242
–4.7%–25.4%
−5.90.8−2.231.3
-2.190.30-0.789.55

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
27.127.129.933
60.861.686126
0.217.6174340
2.65.522.758.5
90.7112312558
58.4104274359
042.221718.2
1.6–0.11.7
0.10.62.819.1
30.6−34.5−181160
90.7112312558

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
24.42.6−31.1−46.8
3.3−15.9−152−105
−27.513.7185168
0.10.42.216.3
−4.5−40.7−157−95.8
19.9−38.1−188−143

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 6.1% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you