TruAlt Bioenergy Ltd
Trualt Bioenergy Limited is engaged in the production of biofuels, with a primary focus on the ethanol sector.[1]
- Market Cap ₹ 3,526 Cr.
- Current Price ₹ 411
- High / Low ₹ 550 / 310
- Stock P/E 23.9
- Book Value ₹ 163
- Dividend Yield 0.00 %
- ROCE 14.2 %
- ROE 28.4 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.52 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 762 | 1,223 | 1,908 | 2,039 | |
| 657 | 1,035 | 1,599 | 1,714 | |
| Operating Profit | 105 | 188 | 309 | 325 |
| OPM % | 14% | 15% | 16% | 16% |
| 0 | 57 | 61 | 69 | |
| Interest | 35 | 143 | 144 | 156 |
| Depreciation | 21 | 57 | 67 | 81 |
| Profit before tax | 49 | 45 | 159 | 157 |
| Tax % | 28% | 29% | 8% | |
| 35 | 32 | 147 | 148 | |
| EPS in Rs | 5.81 | 5.21 | 20.76 | 20.14 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
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| 3 Years: | % |
| TTM: | 361% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| 3 Years: | 21% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 61 | 61 | 71 | 86 |
| Reserves | 179 | 204 | 698 | 1,316 |
| 1,150 | 1,685 | 1,557 | 1,546 | |
| 465 | 469 | 704 | 430 | |
| Total Liabilities | 1,856 | 2,418 | 3,030 | 3,377 |
| 1,302 | 1,427 | 1,826 | 1,788 | |
| CWIP | 10 | 201 | 3 | 236 |
| Investments | 0 | 10 | 4 | 5 |
| 545 | 780 | 1,197 | 1,349 | |
| Total Assets | 1,856 | 2,418 | 3,030 | 3,377 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 233 | 35 | 329 | |
| -1,149 | -384 | -243 | |
| 920 | 367 | 40 | |
| Net Cash Flow | 5 | 19 | 126 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 41 | 89 | 65 |
| Inventory Days | 112 | 72 | 60 |
| Days Payable | 225 | 70 | 139 |
| Cash Conversion Cycle | -72 | 92 | -14 |
| Working Capital Days | 8 | -130 | -27 |
| ROCE % | 11% | 14% |
Documents
Announcements
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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.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 Feb - Audio recording of earnings call for quarter and nine months ended Dec 31, 2025 available online.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
6 Feb - High Court (04.02.2026) allowed writ; may supply 1,56,292 KL ethanol (~₹1,075 crore).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Feb - Q3 FY26: ₹730.86cr income; Unit 5 commissioned; 100 MLpa SAF project; ₹150cr VGF potential
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.