True Green Bio Energy Ltd.

•

cnpcl.comBSE: -NSE: CNOVAPETRO

Market Cap₹ 694 Cr.

Current Price

High / Low₹ 16 / 15

Stock P/E13.0

Book Value₹ 42

Price to Book3.48

Dividend Yield0.00 %

ROCE-0.7 %

ROE-2.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Yarns: 99.6% • Ethanol: 0.4%

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

View full sector analysis →

PROS

CONS

Company is loss-making at the operating / net level
Company has a high debt-to-equity of 2.66x
Operating cash flow has been negative in recent years
Interest coverage is weak at -13.5x - earnings barely cover interest
Company has a low return on capital employed of -3.0%
Company has a low return on equity of -4.0% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile - Spinning

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TRIDENT	23.60	30.43	12026.46	2.12	158.09	12.95	1786.83	4.68	9.95	16.79
2.	SANATHAN	480.75	66.80	4057.73	0.00	23.82	-41.08	1334.74	79.08	7.09	8.10
3.	NITINSPIN	650.30	17.26	3655.99	0.46	75.27	83.62	875.03	10.30	12.21	17.78
4.	FILATEX	76.13	17.69	3380.62	0.39	48.52	19.33	1145.30	9.14	17.15	6.85
5.	GHCLTEXTIL	132.65	13.18	1267.95	0.45	39.35	191.05	408.94	52.73	6.30	16.90
6.	PASHUPATI	80.32	81.01	1267.77	0.00	7.25	276.04	130.01	9.71	11.31	9.49
7.	NAHARSPING	271.85	12.95	980.44	0.37	69.88	337.83	966.10	17.92	3.37	13.16
8.	AMBIKCO	1607.00	11.31	920.01	2.30	257.00	1514.32	2579.20	1243.47	11.47	15.28
9.	PRECOT	670.75	15.73	804.90	0.60	26.61	135.43	245.73	24.78	11.19	20.16
10.	SUMEETINDS	10.97	27.67	762.14	0.00	1.14	-85.69	272.36	9.61	65.12	3.11
11.	RAJPALAYAM	755.20	5.63	696.31	0.07	17.55	-78.38	261.28	38.56	1.84	20.71
12.	CNOVAPETRO	210.70	12.96	694.41	0.00	218.46	56549.61	2275.73	32331.67	-0.72	16.21

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0	0	0	0	3	15	2	3	7	2	84	190	228
	0	0	0	1	3	15	2	4	5	2	69	147	200
Operating Profit	-0	-0	-0	-1	0	0	0	-0	2	0	15	43	27
OPM %	—	—	—	—	12.54%	0.86%	10.33%	-14.94%	24.50%	2.27%	18.38%	22.85%	11.92%
	0	0	0	0	0	1	1	-2	0	1	0	-1	0
Interest	0	0	0	0	0	0	0	-0	0	0	6	6	7
Depreciation	0	0	0	1	0	1	0	0	0	0	8	-2	3
Profit before Tax	-1	-1	-0	-2	0	0	0	-2	1	1	1	39	27
Tax %	-0.00%	-0.00%	-0.00%	9.30%	850.00%	2.56%	160.42%	36.15%	127.86%	-24.64%	-110.58%	26.22%	20.12%
Net Profit	-1	-1	-0	-2	-0	0	-0	-1	-0	1	2	29	22
	-0.26	-0.21	-0.16	-0.58	-0.11	0.14	0.11	-0.48	-0.03	0.07	0.17	8.77	6.63

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	200	222	244	249	196	154	0	0	0	23	504
	183	207	235	244	194	143	0	0	2	23	418
Operating Profit	17	14	8	5	3	12	-0	-0	-2	0	86
OPM %	8.58%	6.41%	3.45%	1.99%	1.34%	7.46%	—	—	—	1.18%	17.08%
	0	1	2	2	2	2	0	0	0	0	1
Interest	4	3	4	4	4	3	0	0	0	0	19
Depreciation	6	5	5	5	4	4	1	1	2	2	9
Profit before Tax	8	7	2	-1	-3	6	-2	-1	-3	-1	68
Tax %	30.75%	28.18%	21.94%	-1.44%	-0.00%	17.36%	-0.00%	-0.00%	4.73%	-0.00%	21.15%
Net Profit	5	5	1	-1	-3	5	-2	-1	-3	-1	54
EPS	0.00	0.00	0.00	0.00	-1.12	1.97	2.89	-2.19	-1.20	-0.41	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -21%
5 Years:: -35%
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: -1%
3 Years:: -23%
1 Year:: 212%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 0%
3 Years:: -4%
Last Year:: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	14	27	27	27	27	27	27	27	27	30
	45	56	57	56	53	58	66	61	62	76
	49	35	29	35	31	31	38	0	18	163
Trade Payables	22	33	38	41	33	40	17	2	3	2
	26	13	12	9	8	9	10	4	5	45
Total Liabilities	155	164	163	168	151	166	158	93	115	316
	90	90	86	81	84	84	83	58	61	57
Capital Work in Progress	5	5	9	9	4	4	4	0	25	208
	17	16	21	27	21	31	33	2	1	3
	0	0	0	0	0	0	0	0	2	3
Cash & Bank	1	2	2	2	2	1	2	0	3	3
	43	52	45	48	41	46	37	33	22	43
Total Assets	155	164	163	168	151	166	158	93	115	316

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	34	15	13	-3	8	6	-1	24	3	-31
Cash from Investing	-4	-17	-4	1	-1	-4	-2	3	-16	-152
Cash from Financing	-29	5	-8	2	-7	-2	5	-28	14	185
	-1	0	0	-0	-0	-0	0	0	0	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.51	74.51	69.34	67.49	61.27	61.27	61.27	61.27	61.27
	11.90	11.75	17.87	17.84	25.40	25.40	25.72	25.18	25.15
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	13.58	13.74	12.78	14.68	13.33	13.33	13.01	13.47	13.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for CNOVAPETRO

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AI Stock Analyst

True Green Bio Energy Ltd.

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Name

TRIDENT

23.60

30.43

12026.46

2.12

158.09

12.95

1786.83

4.68

9.95

16.79

SANATHAN

480.75

66.80

4057.73

0.00

23.82

-41.08

1334.74

79.08

7.09

8.10

NITINSPIN

650.30

17.26

3655.99

0.46

75.27

83.62

875.03

10.30

12.21

17.78

FILATEX

76.13

17.69

3380.62

0.39

48.52

19.33

1145.30

9.14

17.15

6.85

GHCLTEXTIL

132.65

13.18

1267.95

0.45

39.35

191.05

408.94

52.73

6.30

16.90

PASHUPATI

80.32

81.01

1267.77

0.00

7.25

276.04

130.01

9.71

11.31

9.49

NAHARSPING

271.85

12.95

980.44

0.37

69.88

337.83

966.10

17.92

3.37

13.16

AMBIKCO

1607.00

11.31

920.01

2.30

257.00

1514.32

2579.20

1243.47

11.47

15.28

PRECOT

670.75

15.73

804.90

0.60

26.61

135.43

245.73

24.78

11.19

20.16

SUMEETINDS

10.97

27.67

762.14

0.00

1.14

-85.69

272.36

9.61

65.12

3.11

RAJPALAYAM

755.20

5.63

696.31

0.07

17.55

-78.38

261.28

38.56

1.84

20.71

CNOVAPETRO

210.70

12.96

694.41

0.00

218.46

56549.61

2275.73

32331.67

-0.72

16.21

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

190

228

147

200

Operating Profit

-0

-1

-0

OPM %

—

12.54%

0.86%

10.33%

-14.94%

24.50%

2.27%

18.38%

22.85%

11.92%

-2

-1

Interest

-0

Depreciation

-2

Profit before Tax

-1

-0

-2

Tax %

-0.00%

9.30%

850.00%

2.56%

160.42%

36.15%

127.86%

-24.64%

-110.58%

26.22%

20.12%

Net Profit

-1

-0

-2

-0

-1

-0

-0.26

-0.21

-0.16

-0.58

-0.11

0.14

0.11

-0.48

-0.03

0.07

0.17

8.77

6.63

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

200

222

244

249

196

154

504

183

207

235

244

194

143

418

Operating Profit

-0

-2

OPM %

8.58%

6.41%

3.45%

1.99%

1.34%

7.46%

—

1.18%

17.08%

Interest

Depreciation

Profit before Tax

-1

-3

-2

-1

-3

-1

Tax %

30.75%

28.18%

21.94%

-1.44%

-0.00%

17.36%

-0.00%

4.73%

-0.00%

21.15%

Net Profit

-1

-3

-2

-1

-3

-1

EPS

0.00

-1.12

1.97

2.89

-2.19

-1.20

-0.41

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

163

Trade Payables

Total Liabilities

155

164

163

168

151

166

158

115

316

Capital Work in Progress

208

Cash & Bank

Total Assets

155

164

163

168

151

166

158

115

316

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-3

-1

-31

Cash from Investing

-4

-17

-4

-1

-4

-2

-16

-152

Cash from Financing

-29

-8

-7

-2

-28

185

-1

-0

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.51

69.34

67.49

61.27

11.90

11.75

17.87

17.84

25.40

25.72

25.18

25.15

0.00

0.08

Government

0.00

13.58

13.74

12.78

14.68

13.33

13.01

13.47

13.49

True Green Bio Energy Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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True Green Bio Energy Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI