True Green Bio Energy Ltd
Incorporated in 2003, True Green Bio Energy Ltd is in the business of Grain-based Ethanol production[1]
- Market Cap ₹ 215 Cr.
- Current Price ₹ 71.8
- High / Low ₹ 129 / 33.5
- Stock P/E
- Book Value ₹ 38.7
- Dividend Yield 0.00 %
- ROCE -0.57 %
- ROE -1.18 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -6.21%
- Company has a low return on equity of -2.11% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged or encumbered 57.5% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
316.97 | 243.02 | 200.26 | 221.68 | 243.66 | 248.97 | 196.29 | 154.20 | -0.00 | -0.00 | -0.00 | 23.29 | |
299.96 | 225.86 | 183.10 | 207.46 | 235.27 | 243.72 | 193.66 | 142.59 | 0.37 | 0.30 | 1.74 | 23.01 | |
Operating Profit | 17.01 | 17.16 | 17.16 | 14.22 | 8.39 | 5.25 | 2.63 | 11.61 | -0.37 | -0.30 | -1.74 | 0.28 |
OPM % | 5.37% | 7.06% | 8.57% | 6.41% | 3.44% | 2.11% | 1.34% | 7.53% | 1.20% | |||
0.98 | 0.36 | 0.40 | 1.36 | 2.31 | 1.88 | 2.36 | 1.50 | 9.46 | -4.38 | 4.46 | -0.85 | |
Interest | 6.96 | 5.82 | 3.76 | 3.26 | 3.92 | 3.72 | 3.79 | 2.54 | -0.00 | -0.00 | 0.15 | 0.08 |
Depreciation | 7.16 | 6.62 | 5.89 | 5.39 | 5.15 | 4.65 | 4.24 | 4.12 | 1.25 | 1.25 | 1.92 | 1.54 |
Profit before tax | 3.87 | 5.08 | 7.91 | 6.93 | 1.63 | -1.24 | -3.04 | 6.45 | 7.84 | -5.93 | 0.65 | -2.19 |
Tax % | 25.06% | 21.06% | 30.72% | 28.14% | 22.09% | 1.61% | -0.00% | 17.36% | -0.00% | -0.00% | -24.62% | -0.00% |
2.90 | 4.02 | 5.48 | 4.98 | 1.27 | -1.26 | -3.05 | 5.33 | 7.84 | -5.93 | 0.81 | -2.19 | |
EPS in Rs | 1.07 | 1.48 | 2.02 | 1.84 | 0.47 | -0.46 | -1.13 | 1.97 | 2.89 | -2.19 | 0.30 | -0.73 |
Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -21% |
5 Years: | -35% |
3 Years: | % |
TTM: | % |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 7% |
TTM: | 63% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 67% |
3 Years: | 35% |
1 Year: | 106% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 0% |
3 Years: | -2% |
Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13.55 | 13.55 | 13.55 | 27.10 | 27.10 | 27.10 | 27.10 | 27.10 | 27.10 | 27.10 | 27.10 | 29.92 |
Reserves | 35.43 | 39.31 | 44.79 | 55.84 | 57.17 | 55.94 | 52.98 | 58.36 | 66.25 | 60.81 | 61.64 | 86.01 |
89.15 | 62.33 | 37.26 | 24.61 | 19.36 | 24.14 | 19.56 | 19.60 | 26.76 | 0.22 | 17.58 | 173.60 | |
51.02 | 42.99 | 55.91 | 53.59 | 57.36 | 60.00 | 51.45 | 60.00 | 35.60 | 2.59 | 5.51 | 22.73 | |
Total Liabilities | 189.15 | 158.18 | 151.51 | 161.14 | 160.99 | 167.18 | 151.09 | 165.06 | 155.71 | 90.72 | 111.83 | 312.26 |
99.06 | 93.51 | 90.12 | 89.53 | 86.29 | 81.50 | 83.73 | 83.77 | 82.62 | 58.32 | 61.36 | 56.65 | |
CWIP | 4.82 | 4.82 | 4.82 | 4.82 | 8.74 | 9.04 | 3.68 | 3.68 | 3.68 | 0.04 | 25.46 | 208.48 |
Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
85.27 | 59.85 | 56.57 | 66.79 | 65.96 | 76.64 | 63.68 | 77.61 | 69.41 | 32.36 | 25.01 | 47.13 | |
Total Assets | 189.15 | 158.18 | 151.51 | 161.14 | 160.99 | 167.18 | 151.09 | 165.06 | 155.71 | 90.72 | 111.83 | 312.26 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22.84 | 25.00 | 31.78 | 12.90 | 12.68 | -3.00 | 7.63 | 5.52 | -3.22 | 24.36 | 2.63 | -31.14 | |
-3.99 | 7.40 | -3.57 | -17.44 | -3.30 | 0.62 | -0.50 | -3.80 | -2.21 | 3.27 | -15.90 | -151.81 | |
-18.21 | -32.64 | -28.83 | 4.55 | -9.17 | 2.09 | -7.17 | -1.74 | 5.45 | -27.51 | 13.71 | 185.15 | |
Net Cash Flow | 0.64 | -0.25 | -0.61 | -0.00 | 0.20 | -0.29 | -0.03 | -0.03 | 0.02 | 0.12 | 0.44 | 2.21 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64.28 | 31.71 | 65.00 | 71.64 | 55.41 | 58.92 | 67.11 | 87.20 | 39.18 | |||
Inventory Days | 13.81 | 20.99 | 42.01 | 37.02 | 39.61 | 50.67 | 51.58 | 105.89 | 55.07 | |||
Days Payable | 45.99 | 36.73 | 55.42 | 74.85 | 72.47 | 76.09 | 80.58 | 138.01 | 42.48 | |||
Cash Conversion Cycle | 32.10 | 15.96 | 51.59 | 33.81 | 22.56 | 33.50 | 38.11 | 55.08 | 51.77 | |||
Working Capital Days | 21.65 | 5.69 | 18.14 | 32.04 | 21.81 | 35.52 | 36.93 | 58.63 | 199.03 | |||
ROCE % | 7.63% | 8.72% | 11.05% | 10.03% | 5.26% | 2.63% | 0.73% | 8.89% | -1.36% | -1.41% | -3.35% | -0.57% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jul - Certificate confirming securities dematerialisation for quarter ended 30.06.2025 by True Green Bio Energy.
-
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
30 Jun - Vikasa India EIF I Fund acquired 3,035,714 warrants (9.21%) of True Green Bio Energy on June 18, 2025.
- Closure of Trading Window 24 Jun
-
Closure of Trading Window
24 Jun - Trading window closed from July 1, 2025, till 48 hours after Q1 financial results submission.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On Today I.E. June 18, 2025, In Terms Of Second Proviso To Regulation 30 Of SEBI (LODR) Regulations, 2015
18 Jun - Allotment of 30.35 lakh shares at Rs.70 each to Vikasa India EIF I Fund, increasing capital to Rs.32.96 Cr.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
TGBEL is a part of the Chiripal group. It manufactures ethanol for blending with petroleum as biofuel and other by-products from broken rice. The outcome of the distillation process is ethyl alcohol or Ethanol and Dried
Distillers’ Grains with Soluble (DDGS)
as by-product.