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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹544 Cr.
Stock P/E
-446.8
P/B
6.1
Current Price
₹165
Book Value
₹ 27
Face Value
10
52W High
₹179
52W Low
₹ 52.8
Dividend Yield
0%

True Green Bio Energ Overview

Business

True Green Bio Energy Ltd., operating under the ticker CNOVAPETRO, is primarily engaged in the textile spinning industry in India. Its core business involves the manufacturing of yarn from various raw fibers, which may include cotton, synthetic fibers, or blends. The company's business model revolves around procuring these raw materials, processing them through its spinning mills to produce different types of yarn, and then selling these yarns to downstream textile manufacturers such as weaving units, knitting factories, and garment producers. Revenue is generated directly from the sale of these spun yarns.

Revenue Mix

Based on the provided industry classification, True Green Bio Energy Ltd. operates within a single primary segment: textile spinning. Therefore, its revenue is predominantly derived from the production and sale of various types of yarn. No further breakdown of major business segments or their specific contributions is available in the provided information.

Industry

The Indian textile spinning industry is a significant, capital-intensive sector characterized by its reliance on raw material availability (e.g., cotton crops) and global textile demand. It is generally fragmented, comprising a mix of large integrated textile players and numerous standalone spinning units. Competition is intense, with operational efficiency and cost control being critical factors for success. Without specific market share data, production capacity figures, or competitive benchmarking, True Green Bio Energy Ltd.'s precise positioning (e.g., market leader, niche player, or general participant) relative to its peers cannot be definitively determined.

MOAT

As a participant in the commodity-oriented textile spinning sector, True Green Bio Energy Ltd. is unlikely to possess strong, durable competitive advantages typically found in businesses with high switching costs, strong brand loyalty, or proprietary technology. Yarns are largely commodity products. Potential competitive advantages, if present, would likely stem from:

Cost Efficiency: Achieved through economies of scale, modern machinery, efficient raw material procurement, or optimized power consumption.

Operational Excellence: Superior process management leading to higher quality yarns or lower waste.

Location Advantage: Proximity to raw material sources or key textile hubs.

Without specific company details, it is difficult to ascertain the presence or strength of any sustainable competitive moats.

Growth Drivers

Key factors that could drive growth for True Green Bio Energy Ltd. over the next 3-5 years include:

Growing Domestic Textile Demand: Increasing population, rising disposable incomes, and evolving fashion trends in India are expected to drive higher consumption of textiles and apparel.

Export Opportunities: India's position as a global textile manufacturing hub and potential gains from favorable trade policies can boost demand for Indian yarns in international markets.

Government Support: Initiatives by the Indian government, such as Production Linked Incentive (PLI) schemes for textiles or investments in textile parks, aim to stimulate growth and investment in the sector.

Capacity Expansion and Modernization: Strategic investments in expanding spinning capacity or upgrading to more advanced, efficient technology could increase output and reduce operational costs.

Risks

Key business risks for True Green Bio Energy Ltd. include:

Raw Material Price Volatility: Significant fluctuations in the prices of cotton and synthetic fibers, which are major input costs, can severely impact profit margins.

Intense Competition: The fragmented and competitive nature of the spinning industry can lead to pricing pressure and erosion of margins.

Demand Fluctuations: Economic downturns (domestic or global), shifts in fashion trends, or changes in global trade dynamics can reduce demand for yarn.

Power and Labor Costs: Rising energy prices and increasing labor wages can escalate operating expenses and squeeze profitability.

Regulatory and Environmental Compliance: Stricter environmental regulations or labor laws could necessitate additional capital expenditure for compliance.

Foreign Exchange Risk: If the company is involved in significant exports or imports, currency fluctuations can affect revenues and costs.

Management & Ownership

No specific information regarding the promoters, management quality, or ownership structure of True Green Bio Energy Ltd. is available in the provided details. In India, companies in traditional manufacturing sectors are often promoter-led, with the founding families or key individuals maintaining substantial ownership and holding prominent management positions.

Outlook

The outlook for True Green Bio Energy Ltd. presents a balanced view, shaped by both industry tailwinds and inherent operational challenges. The company stands to potentially benefit from India's growing domestic consumption, increasing textile exports, and supportive government policies aimed at strengthening the textile sector. Strategic investments in capacity or technology could enhance its competitive standing and operational efficiency. However, the company operates in a highly competitive and capital-intensive industry susceptible to significant risks, primarily raw material price volatility, intense pricing pressure from peers, and fluctuations in domestic and global textile demand. Its ability to effectively manage these external factors, maintain cost competitiveness, and adapt to market dynamics will be crucial for its sustained performance.

True Green Bio Energ Share Price

Live · BSE / NSE · Inception: 2003
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

True Green Bio Energ Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 3 15 2 3 7 2 84
Other Income 0 0 0 0 1 1 -2 0 1 0
Total Income 0 0 0 3 16 2 2 7 3 84
Total Expenditure 0 0 1 3 15 2 4 5 2 69
Operating Profit -0 -0 -0 0 1 1 -2 2 1 16
Interest 0 0 0 0 0 0 -0 0 0 6
Depreciation 0 0 1 0 1 0 0 0 0 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 -0 -2 0 0 0 -2 1 1 1
Provision for Tax 0 0 -0 0 0 1 -1 2 -0 -1
Profit After Tax -1 -0 -2 -0 0 -0 -1 -0 1 2
Adjustments 0 4 1 0 -0 0 -1 0 0 0
Profit After Adjustments -0 4 -1 -0 0 -0 -2 -0 1 2
Adjusted Earnings Per Share -0.2 -0.2 -0.6 -0.1 0.1 -0.1 -0.5 -0.1 0.3 0.7

True Green Bio Energ Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 243 200 222 244 249 196 154 0 0 0 23 96
Other Income 1 0 1 2 2 2 2 0 0 0 0 -1
Total Income 244 201 223 246 251 199 156 0 0 0 23 96
Total Expenditure 226 183 207 235 244 194 143 0 0 2 23 80
Operating Profit 18 18 16 11 7 5 13 -0 -0 -1 0 17
Interest 6 4 3 4 4 4 3 0 0 0 0 6
Depreciation 7 6 5 5 5 4 4 1 1 2 2 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 8 7 2 -1 -3 6 -2 -1 -3 -1 1
Provision for Tax 1 2 2 0 0 0 1 0 0 -0 0 0
Profit After Tax 4 5 5 1 -1 -3 5 -2 -1 -3 -1 2
Adjustments 0 0 0 0 0 0 0 9 -4 4 -1 -1
Profit After Adjustments 4 5 5 1 -1 -3 5 8 -6 1 -2 1
Adjusted Earnings Per Share 1.9 2.6 1.8 0.5 -0.5 -1.1 2 -0.6 -0.5 -1.2 -0.4 0.4

True Green Bio Energ Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 58 58 83 84 83 80 85 93 88 89 116
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 30 20 0 0 0 0 0 1 0 0 152
Other Non-Current Liabilities 2 15 12 11 11 12 11 12 3 3 4
Total Current Liabilities 71 62 69 67 73 60 69 52 3 23 44
Total Liabilities 160 155 164 163 168 151 166 158 93 115 316
Fixed Assets 94 90 90 86 81 84 84 83 58 61 57
Other Non-Current Assets 9 9 8 12 11 6 7 7 5 46 221
Total Current Assets 58 57 66 64 75 62 76 69 10 7 39
Total Assets 160 155 164 163 168 151 166 158 93 115 316

True Green Bio Energ Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 0 0 0 0 0 0 0 0 1
Cash Flow from Operating Activities 25 32 13 13 -3 8 6 -3 24 3 -31
Cash Flow from Investing Activities 7 -4 -17 -4 1 -1 -4 -2 3 -16 -152
Cash Flow from Financing Activities -33 -29 5 -8 2 -7 -2 5 -28 14 185
Net Cash Inflow / Outflow -0 -1 0 0 -0 -0 -0 0 0 0 2
Closing Cash & Cash Equivalent 1 0 0 0 0 0 0 0 0 1 3

True Green Bio Energ Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.9 2.59 1.84 0.47 -0.47 -1.12 1.97 -0.57 -0.54 -1.2 -0.41
CEPS(Rs) 5.03 5.37 3.83 2.37 1.25 0.44 3.49 -0.11 -0.08 -0.49 0.11
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 5.57 8.16 15.44 15.94 15.48 14.39 16.37 19.28 17.28 17.58 21.79
Core EBITDA Margin(%) 6.33 7.67 5.74 3.35 1.97 1.32 7.38 0 0 0 1.18
EBIT Margin(%) 4.05 5.21 4.11 2.22 0.98 0.37 5.77 0 0 0 -4.87
Pre Tax Margin(%) 1.89 3.53 2.8 0.65 -0.5 -1.54 4.14 0 0 0 -5.23
PAT Margin (%) 1.49 2.45 2.01 0.51 -0.5 -1.54 3.42 0 0 0 -5.23
Cash Profit Margin (%) 3.96 5.08 4.18 2.57 1.35 0.6 6.07 0 0 0 1.39
ROA(%) 2.29 3.47 3.12 0.78 -0.77 -1.91 3.36 -0.95 -1.17 -3.12 -0.57
ROE(%) 40.86 37.74 16.86 3 -2.97 -7.53 12.79 -3.18 -2.97 -6.87 -2.16
ROCE(%) 12.74 18.15 16.85 8.62 3.84 1.19 14.68 -2.15 -2.33 -5.8 -0.72
Receivable days 52.21 46.28 58.32 58.64 55.97 70.14 85.47 0 0 0 38.16
Inventory Days 14.1 22.24 24.31 26.92 34.43 44.01 60.84 0 0 0 32.98
Payable days 51.07 51.62 61.86 68.58 73.28 90.27 124.74 0 0 0 50
PER(x) 6.56 5.63 12.43 67.77 0 0 8.13 0 0 0 0
Price/Book(x) 2.24 1.79 1.48 2 1.2 0.28 0.98 2.18 1.05 1.76 3.48
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.36 0.33 0.38 0.43 0.29 0.15 0.4 0 0 0 17.07
EV/Core EBITDA(x) 4.94 3.81 5.44 9.7 10.19 5.74 4.71 -485.21 -228.3 -73.91 975.61
Net Sales Growth(%) -23.33 -17.59 10.7 9.92 2.18 -21.16 -21.44 -100 0 0 0
EBIT Growth(%) 0.75 7.05 -12.66 -45.47 -55.58 -69.9 1110.06 -117.11 4.48 -121.45 65.17
PAT Growth(%) 38.53 36.33 -9.04 -74.35 -198.99 -140.96 274.93 -128.86 4.48 -120.69 62.47
EPS Growth(%) 38.53 36.33 -29.03 -74.35 -198.99 -140.96 274.92 -128.86 4.47 -120.69 66.01
Debt/Equity(x) 3.42 2.16 0.59 0.45 0.58 0.5 0.44 0.51 0 0.37 2.66
Current Ratio(x) 0.82 0.91 0.96 0.96 1.03 1.04 1.09 1.34 3.83 0.29 0.88
Quick Ratio(x) 0.67 0.65 0.72 0.66 0.66 0.69 0.64 0.69 3.06 0.23 0.81
Interest Cover(x) 1.87 3.1 3.13 1.42 0.66 0.2 3.54 0 0 -21.68 -13.53
Total Debt/Mcap(x) 2.18 1.21 0.4 0.22 0.48 1.8 0.45 0.23 0 0.21 0.76

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -35% -21%
Operating Profit CAGR -100% -100%
PAT CAGR 0%
Share Price CAGR +131% +105% +60% +22%
ROE Average -2% -4% 0% +8%
ROCE Average -1% -3% +1% +6%

True Green Bio Energ Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 61.27 %
FII 25.18 %
DII (MF + Insurance) 0.08 %
Public (retail) 38.73 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.5174.5174.5174.5169.3467.4961.2761.2761.2761.27
FII 11.7511.8711.911.7517.8717.8325.425.425.7225.18
DII 0000000000.08
Public 25.4925.4925.4925.4930.6632.5138.7338.7338.7338.73
Others 0000000000
Total 100100100100100100100100100100

True Green Bio Energ Peer Comparison

Textile - Spinning Edit Columns

True Green Bio Energ Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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True Green Bio Energ Pros & Cons

Pros

Cons

  • Company has a low return on equity of -4% over the last 3 years.
  • Debtor days have increased from 0 to 50days.
  • Stock is trading at 6.1 times its book value.
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