True Green

What does True Green do?

True Green Bio Energy Ltd manufactures Polyester Oriented Yarn and Fully Drawn Yarn in the Garments & Apparels industry. As of March 2025, it reported net sales of 3 Cr and a net loss of 2 Cr, with a market cap of Rs 239 Cr.

Overview: <BR>True Green Bio Energy Ltd is engaged in the manufacturing of Polyester Oriented Yarn and Fully Drawn Yarn within the Garments & Apparels industry, categorized as a Micro Cap company.<BR><BR>History: <BR>The company was originally incorporated on December 17, 2003, under the name Nova Polyyarn Ltd. Following a Scheme of Arrangement, the name was changed to CIL Nova Petrochemicals Limited. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 3 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -2 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 239 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 1.47 <BR>Return on Equity: -1.05% <BR>Price to Book: 2.06<BR><BR>Contact Details: <BR>Address: Survey No 396(P) 395/4(P), Moraiya Village Tal Sanand Ahmedabad Gujarat : 382210 <BR>Tel: 91-9825800060 <BR>Email: investorgrievances.cilnova@chiripal <BR>Website: http://www.cnpcl.com

Has True Green declared dividend?

No Dividend History Available

Who are the peers of the True Green?

True Green's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Swadeshi Polytex, Bhilwara Tech, Mahalaxmi Rubtec, Praxis Home, and Virat Industries. True Green has below average management risk and a 1-year return of 145.16%, lower than Virat Industries' 232.42% but higher than Swadeshi Polytex's -69.00%.

Peers: The peers of True Green are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Swadeshi Polytex, Bhilwara Tech, Mahalaxmi Rubtec, Praxis Home, and Virat Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Swadeshi Polytex. Average management risk is noted at Trident and Virat Industries, while Below Average management risk is present at True Green, Bhilwara Tech, Mahalaxmi Rubtec, and Praxis Home. Growth is Excellent for K P R Mill Ltd, Good for Trent, Average for Swadeshi Polytex, and Below Average for Page Industries, Vedant Fashions, Trident, True Green, Bhilwara Tech, Mahalaxmi Rubtec, and Praxis Home. Capital Structure is Excellent for Page Industries and Swadeshi Polytex, Good for Trident and Mahalaxmi Rubtec, and Below Average for True Green, K P R Mill Ltd, Vedant Fashions, Bhilwara Tech, and Praxis Home.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Virat Industries at 232.42%, while the peer with the lowest is Swadeshi Polytex at -69.00%. True Green's 1-year return of 145.16% is significantly higher than Swadeshi Polytex but lower than Virat Industries. Additionally, peers with negative six-month returns include Swadeshi Polytex, Vedant Fashions, Trident, and Bhilwara Tech.

Is True Green overvalued or undervalued?

As of April 25, 2023, True Green is considered risky and overvalued with a negative PE ratio of -189.34 and an EV to EBITDA of 401.45, indicating significant financial concerns compared to peers like K P R Mill Ltd and Trident, despite past impressive returns.

As of 25 April 2023, True Green's valuation grade has moved from does not qualify to risky, indicating a significant shift in perceived risk. The company appears to be overvalued given its negative PE ratio of -189.34, an EV to EBITDA of 401.45, and a ROE of -1.05%. In comparison to peers, K P R Mill Ltd has a PE ratio of 47.51 and Trident has a PE ratio of 42.6, both of which suggest that True Green is trading at a substantial premium despite its poor financial performance.<BR><BR>The current valuation metrics and the negative returns year-to-date (-25.91%) further reinforce the notion that True Green is overvalued. While the company has shown impressive returns over longer periods, such as 140.41% over the past year, the recent performance and the high-risk rating indicate that investors should approach this stock with caution.

What is the technical trend for True Green?

As of May 26, 2025, True Green's technical trend is mildly bearish, with bearish indicators on the weekly MACD and moving averages, while monthly signals show some potential for recovery.

As of 26 May 2025, the technical trend for True Green has changed from bearish to mildly bearish. The weekly MACD remains bearish, while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The daily moving averages are also bearish, reinforcing the short-term negative outlook. Bollinger Bands show a bearish stance on the weekly chart but are mildly bullish on the monthly chart, suggesting some potential for recovery. The KST indicates a bearish trend weekly but is bullish monthly, which adds to the mixed signals. Overall, the current stance is mildly bearish, driven primarily by the bearish indicators on the weekly MACD and moving averages.

Who are in the management team of True Green?

As of March 2022, the management team of True Green includes Executive Chairman Jyotiprasad Chiripal, Whole-time Director Pooran Singh Mathuria, Company Secretary Foram Sagar Bhuva, and several independent directors: Murli R. Goyal, Chinar Rajkumar Jethwani, Chintan Patel, and Pooja Shah. This diverse team oversees the company's governance and management.

As of March 2022, the management team of True Green includes the following members:<BR><BR>1. Jyotiprasad Chiripal - Executive Chairman<BR>2. Murli R. Goyal - Independent Director<BR>3. Chinar Rajkumar Jethwani - Independent Director<BR>4. Pooran Singh Mathuria - Whole-time Director<BR>5. Foram Sagar Bhuva - Company Secretary & Compliance Officer<BR>6. Chintan Patel - Independent Director<BR>7. Pooja Shah - Independent Director<BR><BR>This team comprises a mix of executive and independent directors, along with a compliance officer, contributing to the governance and management of the company.

Who are the top shareholders of the True Green?

The top shareholders of True Green include promoters with a 57.5% stake, led by Chiripal Exim LLP at 18.92%. Institutional investors hold about 25.4%, with Vikasa India Eif I Fund as the largest public shareholder at 9.21%, while individual investors own approximately 8.22%.

The top shareholders of True Green include a mix of promoters, institutional investors, and individual shareholders. The majority shareholders are the promoters, with a pledged promoter holding of approximately 57.5%. The promoter with the highest holding is Chiripal Exim LLP, which owns about 18.92% of the company. <BR><BR>In terms of institutional investors, 7 Foreign Institutional Investors (FIIs) hold around 25.4% of the shares. The highest public shareholder is Vikasa India Eif I Fund, holding about 9.21%. Individual investors collectively own around 8.22% of the company.

How big is True Green?

As of 24th July, True Green Bio Energy Ltd has a market capitalization of 218.00 Cr, with net sales of 23.29 Cr and a net loss of 2.20 Cr over the latest four quarters. The company's shareholder's funds are 88.74 Cr, and total assets amount to 111.83 Cr as of March 2024.

As of 24th July, True Green Bio Energy Ltd has a market capitalization of 218.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, True Green reported Net Sales of 23.29 Cr. However, the company experienced a loss of 2.20 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 88.74 Cr and Total Assets of 111.83 Cr.

How has been the historical performance of True Green?

True Green has experienced significant financial decline, with net sales dropping from 296.16 Cr in March 2022 to 23.29 Cr in March 2025, resulting in operating losses and increased liabilities. The company's reliance on financing is evident, as cash flow from operating activities turned negative while financing activities showed a positive inflow.

Answer:<BR>The historical performance of True Green shows significant fluctuations in its financial metrics over the years.<BR><BR>Breakdown:<BR>True Green's net sales have seen a dramatic decline from 296.16 Cr in March 2022 to just 23.29 Cr in March 2025, with no sales recorded in the previous two years. Total operating income followed a similar trend, dropping from 296.16 Cr in March 2022 to 23.29 Cr in March 2025. The company's total expenditure, excluding depreciation, decreased from 282.31 Cr in March 2022 to 23.02 Cr in March 2025. Operating profit, which was 16.39 Cr in March 2022, turned negative in the following years, culminating in a loss of 1.22 Cr in March 2025. The profit after tax also reflected this downward trend, moving from a profit of 7.83 Cr in March 2022 to a loss of 1.22 Cr in March 2025. On the balance sheet, total liabilities surged from 155.71 Cr in March 2022 to 312.26 Cr in March 2025, primarily due to a significant increase in long-term borrowings, which rose from 1.40 Cr to 163.43 Cr. Total assets also increased from 155.71 Cr to 312.26 Cr during the same period. Cash flow from operating activities turned negative, showing a cash outflow of 31.00 Cr in March 2025, while cash flow from financing activities showed a positive inflow of 185.00 Cr, indicating reliance on financing to manage cash flow. Overall, True Green's financial performance has been characterized by volatility, with a notable decline in sales and profitability, alongside increasing liabilities.

When is the next results date for True Green Bio Energy Ltd?

The next results date for True Green Bio Energy Ltd is 14 February 2026.

The next results date for True Green Bio Energy Ltd is scheduled for 14 February 2026.

Should I buy, sell or hold True Green Bio Energy Ltd?

Are True Green Bio Energy Ltd latest results good or bad?

True Green Bio Energy Ltd's latest Q4 FY26 results show impressive growth, with a net profit increase of 1,209.17% and revenue up 125.99% quarter-on-quarter. However, concerns about long-term sustainability, high debt levels, and a history of weak profitability suggest investors should proceed with caution.

True Green Bio Energy Ltd's latest results for Q4 FY26 can be characterized as impressive on the surface, showcasing remarkable growth metrics. The company reported a net profit of ₹28.67 crore, which represents a staggering 1,209.17% increase quarter-on-quarter. Additionally, revenue surged to ₹190.28 crore, marking a 125.99% increase from the previous quarter and an astonishing 6,077.92% growth compared to the same quarter last year.<BR><BR>The operating margin also improved significantly to 22.85%, up from 18.40% in the previous quarter, and the PAT margin expanded to 15.07%. These figures suggest that True Green is experiencing a strong operational turnaround.<BR><BR>However, it's essential to consider the broader context. Despite these impressive quarterly results, the company faces significant structural challenges. Over the past five years, it has experienced a compound annual growth rate of -3.47% in sales, indicating a long-term contraction in its core business. The company is also heavily leveraged, with a debt-to-equity ratio of 1.85 and a concerning 57.50% of promoter shares pledged. <BR><BR>Moreover, while the recent performance is noteworthy, there are questions about the sustainability of this growth given the company's history of weak profitability metrics, including an average return on equity of just 3.30%. The stock is currently trading at a high valuation, with a price-to-book ratio of 4.17x, which may not be justified by its underlying fundamentals.<BR><BR>In summary, while True Green Bio Energy Ltd has delivered exceptional quarterly results, the underlying financial health and long-term sustainability raise concerns. Investors should approach with caution, weighing the impressive short-term performance against the significant risks present in the company's structure and historical performance.

Why is True Green Bio Energy Ltd falling/rising?

As of 02-Jun, True Green Bio Energy Ltd's stock price is rising at 165.35, reflecting a 1.97% increase. The stock has significantly outperformed the Sensex over various periods, with a year-to-date surge of 168.43% and strong investor participation.

As of 02-Jun, True Green Bio Energy Ltd's stock price is rising, currently at 165.35, with a change of 3.2, representing a 1.97% increase. The stock has shown strong performance over various periods, outperforming the benchmark Sensex significantly. Over the past week, the stock has gained 3.99%, while the Sensex has declined by 1.79%. In the last month, True Green's stock has risen by 9.25%, compared to a 2.94% drop in the Sensex.<BR><BR>Year-to-date, the stock has surged by 168.43%, while the Sensex has fallen by 12.40%. Over the past year, True Green has achieved a remarkable 103.51% increase, contrasting with the Sensex's decline of 8.26%. The stock's performance over three years and five years is even more impressive, with increases of 769.81% and 936.68%, respectively, compared to the Sensex's modest gains.<BR><BR>Today's performance indicates that True Green has outperformed its sector by 0.84% and has been on a consecutive gain streak for the last two days. The stock has consistently traded at its opening price of 165.35, and it is currently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 154.2% against the 5-day average. This combination of factors contributes to the stock's rising price.

Which are the latest news on True Green?