True Green Bio Energy share price & results
- Jun 2026
- Sept 2026
Ahmedabad (Gujarat) company under the Chiripal Group, formerly CIL Nova Petrochemicals Limited, renamed True Green Bio Energy Limited in FY2023-24; operates a single plant co-located with its registered office in Sanand.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 228 | +3157.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.0 | −8.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 22.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 39.27 | +24.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -49.30 | +68.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −78.6 pts | Trailing twelve months | TTM to Jun 2026 | Not in the analysed materials. No older figure is substituted. |
Price
Performance +142.8% 1Y
1Y: ₹78.94 on 24 Oct 2025 → ₹191.7. High ₹242.9 (20 Aug 2026), low ₹57.81 (30 Jan 2026).
- Previous close
- ₹185.95
- Market cap
- ₹623 Cr
- 52-week range
- ₹57.81 – ₹242.9
- One year
- +155.60%
- Price to earnings (TTM to Jun 2026)
- 11.54×
- Return on equity (TTM to Jun 2026)
- 39.27%
Overview
- Symbol
- NSE:TRUEGREEN
- Exchange
- NSE
- Currency
- INR
What TRUE GREEN BIO ENERGY LIMITED does
Based on the company's own presentations, annual report and earnings calls.
The company (formerly CIL Nova Petrochemicals Limited) is part of the Chiripal Group and operates from a combined registered office and manufacturing plant at Moraiya Village, Sarkhej-Bavla Highway, Tal. Sanand, Ahmedabad, with a separate corporate office at Chiripal House, Ahmedabad. In FY2023-24 its shareholders approved changing the company's name to True Green Bio Energy Limited and the company undertook a preferential issue of convertible warrants. The annual report as sighted does not describe the company's specific products, segments, or production activity in further detail.
- Manufacturing plants
- 1 (co-located with registered office, Sanand, Gujarat)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 15 | 2 | 3 | 7 | 2 | 84 | 190 | 228 |
| Expenses | 15 | 2 | 4 | 5 | 2 | 69 | 147 | 191 |
| Operating profit | 0 | 0 | 0 | 2 | 0 | 16 | 43 | 37 |
| Operating margin | 0.9% | 10.0% | −15.0% | 24.0% | 2.3% | 18.0% | 23.0% | 16.0% |
| Other income | 1 | 1 | -3 | 0 | 1 | 0 | -1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 7 |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 8 | -2 | 3 |
| Profit before tax | 0 | 0 | -3 | 1 | 1 | 1 | 39 | 27 |
| Tax rate | 0.0% | 88.0% | −25.0% | 127.0% | −25.0% | −111.0% | 26.0% | 20.0% |
| Net profit | 0 | 0 | -2 | 0 | 1 | 2 | 29 | 22 |
| EPS (₹ per share) | 0.14 | 0.02 | -0.78 | -0.12 | 0.26 | 0.66 | 8.70 | 6.63 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 0 | 0 | 23 | 283 |
| Expenses | 1 | 1 | 24 | 223 |
| Operating profit | -1 | -1 | 0 | 61 |
| Other income | -4 | 4 | -1 | 0 |
| Interest | 0 | 0 | 0 | 12 |
| Depreciation | 1 | 1 | 1 | 6 |
| Profit before tax | -6 | 1 | -3 | 42 |
| Net profit | -6 | 1 | -2 | 32 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 27 | 27 | 27 | 30 | 33 | 33 |
| Reserves | 66 | 61 | 62 | 86 | 95 | 126 |
| Borrowings | 27 | 0 | 18 | 174 | 245 | 340 |
| Other liabilities | 36 | 3 | 6 | 23 | 31 | 58 |
| Total liabilities | 156 | 91 | 112 | 312 | 404 | 558 |
| Fixed assets | 83 | 58 | 61 | 57 | 53 | 340 |
| Capital work in progress | 4 | 0 | 25 | 208 | 270 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 69 | 32 | 25 | 47 | 80 | 212 |
| Total assets | 156 | 91 | 112 | 312 | 404 | 558 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 6 | -3 | 24 | 3 | -31 | -47 |
| Cash from investing | -4 | -2 | 3 | -16 | -152 | -105 |
| Cash from financing | -2 | 5 | -28 | 14 | 185 | 168 |
| Net cash flow | 0 | 0 | 0 | 0 | 2 | 16 |
| Free cash flow | 1 | -6 | 26 | -13 | -185 | -139 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 87 | — | — | — | 39 | 95 |
| Inventory days | 106 | — | — | — | 55 | 80 |
| Days payable | 138 | — | — | — | 42 | 52 |
| Cash conversion cycle | 55 | — | — | — | 52 | 123 |
| Working capital days | 12 | — | — | — | -134 | 0 |
| Return on capital employed | 9.0% | −1.0% | −1.0% | −3.0% | −1.0% | 14.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 61.27% as of Sept 2026; institutions added 0.51 pts since Jun 2026.
- Promoters 61.27%
- Foreign institutions 25.74%
- Domestic institutions 0.00%
- Public 12.99%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- FPI fund newly disclosed 1.14% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of TRUE GREEN BIO ENERGY LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 18.92% | unchanged | |
| 16.26% | unchanged | |
| FPI fund | 9.21% | unchanged |
| FPI fund | 6.13% | unchanged |
| FPI fund | 4.92% | unchanged |
| 4.59% | unchanged | |
| 3.86% | unchanged | |
| 3.73% | unchanged | |
| 3.04% | unchanged | |
| 3.04% | unchanged | |
| FPI fund | 2.59% | −0.63 pp |
| 2.25% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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