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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
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About
True Green Bio Energy Ltd (CNOVAPETRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533407 NSE: CNOVAPETRO Textile - Spinning | Small Cap | True Green BioEnergy Share Price
₹201 0.85 (0.42%)
As on 22-Sep'26 16:59
True Green Bio Energy Ltd (CNOVAPETRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533407 NSE: CNOVAPETRO Textile - Spinning | Small Cap | True Green BioEnergy Share Price
₹201 0.85 (0.42%)
As on 22-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹660 Cr.
Current Price
₹201
52-Week Low / High
₹54 / 255
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
19.4
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
61.27%
Pledged shares (%) of Promoter's holding (%)
57.50%
Reserves
-
Equity
₹33 Cr.
Face Value
₹10
All Time Low / High
₹3.80 / 255.00
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is True Green Bio Energy Ltd a good quality company?
True Green Bio Energy Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does True Green Bio Energy Ltd performance compare with that of its Peers?
Revenue growth of True Green Bio Energy Ltd vs industry peers?
True Green Bio Energy Ltd revenue CAGR is %, compared to the industry median CAGR of 22.31%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of True Green Bio Energy Ltd?
Promoters hold 61.27% of the True Green Bio Energy Ltd, with 57.50% of their stake pledged, indicating high pledge risk.
Stock return of True Green Bio Energy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 23.7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
True Green Bio Energy Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 18.2% | 16.9% | 8.6% | 3.8% | 1.2% | 14.7% | -2.2% | -2.3% | -5.8% | -0.7% | - |
| Value Creation Index ⓘ | 0.3 | 0.2 | -0.4 | -0.7 | -0.9 | 0.1 | -1.2 | -1.2 | -1.4 | -1.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 200 | 222 | 244 | 249 | 196 | 154 | 0 | 0 | 0 | 23.3 | 504 |
| Sales YoY Gr. | - | 10.7% | 9.9% | 2.2% | -21.2% | -21.4% | -100% | NA | NA | NA | - |
| Adj EPS ⓘ | 2.6 | 1.8 | 0.5 | -0.4 | -1.1 | 1.9 | -0.6 | -0.5 | -1.2 | -0.4 | 16.3 |
| YoY Gr. | - | -29.8% | -72.9% | -179.6% | NA | NA | -129.5% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 8.2 | 15.4 | 15.9 | 15.5 | 14.4 | 16.4 | 19.3 | 17.3 | 17.6 | 21.8 | 42.4 |
| Adj Net Profit ⓘ | 5.5 | 4.9 | 1.3 | -1.1 | -3 | 5.2 | -1.5 | -1.5 | -3.2 | -1.3 | 54 |
| Cash Flow from Ops. ⓘ | 31.8 | 12.9 | 12.7 | -3 | 7.6 | 5.5 | -3.2 | 24.4 | 2.6 | -31.1 | - |
| Debt/CF from Ops. ⓘ | 1.2 | 1.9 | 1.5 | -8.1 | 2.6 | 3.6 | -8.3 | 0 | 6.7 | -5.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -21.3% | -34.7% | NA | NA | ||||
| Adj EPS ⓘ | -182% | NA | NA | NA | ||||
| BVPSⓘ | 11.5% | 8.7% | 4.2% | 24% | ||||
| Share Price | 24.3% | 55.7% | 106.1% | 260.2% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.4 | 7 | 1.6 | -1.3 | -3.7 | 6.3 | -1.7 | -1.6 | -3.7 | -1.3 | 50.7 |
| Op. Profit Mgn % ⓘ | 8.6 | 6.4 | 3.5 | 2.1 | 1.4 | 7.5 | 0 | 0 | 0 | 1.2 | 19 |
| Net Profit Mgn % ⓘ | 2.7 | 2.2 | 0.6 | -0.4 | -1.5 | 3.4 | 0 | 0 | 0 | -5.6 | 10.6 |
| Debt to Equity ⓘ | 2.2 | 0.6 | 0.5 | 0.6 | 0.5 | 0.4 | 0.5 | 0 | 0.4 | 2.7 | - |
| Working Cap Days ⓘ | 97 | 94 | 97 | 102 | 126 | 164 | 0 | 0 | 0 | 570 | 745 |
| Cash Conv. Cycle ⓘ | 28 | 35 | 32 | 33 | 46 | 50 | 0 | 0 | 0 | 29 | 194 |
Valuation of True Green BioEnergy - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 20.22 | 20.22 | 53.53 | 57.50 | 57.50 | 57.50 | 57.50 | 57.50 | 57.50 | 57.50 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
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True Green Bio Energy Ltd FAQs
The current trading price of True Green BioEnergy on 22-Sep-2026 16:59 is ₹201.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Sep-2026 the market cap of True Green BioEnergy stood at ₹659.6 Cr
The latest P/E ratio of True Green BioEnergy as of 21-Sep-2026 is 12.31.
The latest P/B ratio of True Green BioEnergy as of 21-Sep-2026 is 4.72.
The 52-week high of True Green BioEnergy is ₹255.0 and the 52-week low is ₹53.82.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of True Green BioEnergy is ₹504 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that True Green Bio Energy Ltd is a below average quality company.
The key valuation ratios of True Green Bio Energy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of True Green Bio Energy Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About True Green Bio Energy Ltd
CIL Nova Petrochemicals was demerged from Nova Petrochemicals in April 2007 and have since emerged as leading producer of Partially Oriented Yarn (POY), Micro-Filament Yarn, Draw Twisted Yarn (DTY), Texturised Yarns and Fully Drawn Yarns (FDY). It has grown to a size of Rs. 500 crore company.
In 1999, company installed 10 end parallel spinning lines from Barmag AG, Germany, in the plant to manufacture micro filament yarn and post which CIL Nova Petrochemicals has achieved a production capacity target of 200 MT/Day.
CIL Nova Petrochemicals exports products to large number of destinations like Turkey, Spain, Italy, Germany, Peru, Tanzania, Brazil, Israel, France, Portugal and Middle East.
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