TruAlt Bioenergy Ltd
Incorporated in 2021, Trualt Bioenergy Limited is engaged in the production of biofuels, with a primary focus on the ethanol sector.[1]
- Market Cap ₹ 3,561 Cr.
- Current Price ₹ 416
- High / Low ₹ 550 / 310
- Stock P/E 26.6
- Book Value ₹ 162
- Dividend Yield 0.00 %
- ROCE 13.8 %
- ROE 27.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.60 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Tax rate seems low
- Promoters have pledged 36.8% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 0 | 762 | 1,217 | 1,880 | 2,001 | |
| 0 | 657 | 1,029 | 1,583 | 1,698 | |
| Operating Profit | -0 | 105 | 188 | 297 | 303 |
| OPM % | 14% | 15% | 16% | 15% | |
| 0 | 0 | 56 | 61 | 69 | |
| Interest | 0 | 35 | 141 | 141 | 153 |
| Depreciation | 0 | 21 | 56 | 65 | 79 |
| Profit before tax | -0 | 49 | 47 | 152 | 140 |
| Tax % | 0% | 28% | 27% | 8% | |
| -0 | 35 | 35 | 141 | 134 | |
| EPS in Rs | -1.64 | 5.81 | 5.67 | 19.91 | 18.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 54% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2314% |
| TTM: | 306% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.06 | 61 | 61 | 71 | 86 |
| Reserves | -0 | 179 | 208 | 697 | 1,305 |
| 0 | 1,150 | 1,657 | 1,539 | 1,527 | |
| 0 | 465 | 437 | 671 | 407 | |
| Total Liabilities | 0 | 1,856 | 2,363 | 2,978 | 3,325 |
| 0 | 1,302 | 1,371 | 1,772 | 1,734 | |
| CWIP | 0 | 10 | 201 | 3 | 236 |
| Investments | 0 | 0 | 27 | 21 | 22 |
| 0 | 545 | 764 | 1,182 | 1,333 | |
| Total Assets | 0 | 1,856 | 2,363 | 2,978 | 3,325 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | 233 | 28 | 336 | |
| 0 | -1,149 | -389 | -257 | |
| 0 | 920 | 373 | 52 | |
| Net Cash Flow | 0 | 5 | 13 | 130 |
| Free Cash Flow | 0 | -42 | -334 | 76 |
| CFO/OP | 0% | 222% | 17% | 112% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 41 | 89 | 66 | |
| Inventory Days | 112 | 71 | 59 | |
| Days Payable | 225 | 63 | 135 | |
| Cash Conversion Cycle | -72 | 97 | -10 | |
| Working Capital Days | 8 | -126 | -25 | |
| ROCE % | 12% | 11% | 14% |
Insights
In beta| Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Installed Ethanol Production Capacity KLPD |
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| CBG Production Capacity TPD |
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| Ethanol Plant Capacity Utilization (on operating days) % |
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| Ethanol Sales Volume Crore Litres |
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| Retail Fuel Outlets Operational Number |
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| Dual-Feed Integration Capacity KLPD |
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| Ethanol Order Book (OMC Allocation) Crore Litres |
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Documents
Announcements
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Disclosure Under Regulation 30(5) Of SEBI (LODR) Regulation, 2015
30 Mar - Board designated CS Monu Kumar as authorized person; updated KMP list (March 30, 2026).
- Closure of Trading Window 27 Mar
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Mar - GAIL invests ₹130 million for 49% stake in Leafiniti, funding six CBG plants.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Feb - Transcript: Q3/9M results; INR1,187 crore 9M revenue; SAF capex ~INR2,000–2,250cr; 24 CBG plants planned; GAIL equity infusion.
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Monitoring Agency Report
10 Feb - Crisil MA reports Rs750 crore IPO proceeds; Rs519.63 crore used, Rs230.37 crore unutilized as of Dec 31, 2025.
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
Market Leadership[1]
Trualt Bioenergy Limited is one of India’s largest biofuel producers and India's largest ethanol manufacturer. As of FY25, it had an aggregate installed capacity of 2,000 kilo litres per day (KLPD) and an operational capacity of 1,800 KLPD, accounting for a 3.6% market share in India’s ethanol production capacity.