Textile - Spinning · Founded 2003 · www.cnpcl.com · BSE 533407 · NSE TRUEGREEN · ISIN INE672K01025
No Notes Added Yet
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.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(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 |
| #(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 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | -35% | -21% |
| Operating Profit CAGR | 0% | 0% | -100% | -100% |
| PAT CAGR | 0% | 0% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 131% | 105% | 60% | 22% |
| ROE Average | -2% | -4% | -0% | 8% |
| ROCE Average | -1% | -3% | 1% | 6% |
| #(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 |
| #(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 |
| # | 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 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.51 | 74.51 | 74.51 | 74.51 | 69.34 | 67.49 | 61.27 | 61.27 | 61.27 | 61.27 |
| FII | 11.75 | 11.87 | 11.9 | 11.75 | 17.87 | 17.83 | 25.4 | 25.4 | 25.72 | 25.18 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.08 |
| Public | 13.73 | 13.62 | 13.58 | 13.74 | 12.78 | 14.68 | 13.33 | 13.33 | 13.01 | 13.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 |
| FII | 0.32 | 0.32 | 0.32 | 0.32 | 0.52 | 0.53 | 0.84 | 0.84 | 0.85 | 0.83 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.44 | 0.44 | 0.44 | 0.43 | 0.44 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.71 | 2.71 | 2.71 | 2.71 | 2.91 | 2.99 | 3.3 | 3.3 | 3.3 | 3.3 |
| # | 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% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.51 | 74.51 | 74.51 | 74.51 | 69.34 | 67.49 | 61.27 | 61.27 | 61.27 | 61.27 |
| FII | 11.75 | 11.87 | 11.9 | 11.75 | 17.87 | 17.83 | 25.4 | 25.4 | 25.72 | 25.18 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.08 |
| Public | 25.49 | 25.49 | 25.49 | 25.49 | 30.66 | 32.51 | 38.73 | 38.73 | 38.73 | 38.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 |
| FII | 0.32 | 0.32 | 0.32 | 0.32 | 0.52 | 0.53 | 0.84 | 0.84 | 0.85 | 0.83 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.69 | 0.69 | 0.69 | 0.69 | 0.89 | 0.97 | 1.28 | 1.28 | 1.28 | 1.28 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.71 | 2.71 | 2.71 | 2.71 | 2.91 | 2.99 | 3.3 | 3.3 | 3.3 | 3.3 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.