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  4. /True Green Bio Energy Ltd
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True Green Bio Energy Ltd: Why Is It Outperforming Nifty 500?

Active
RS +143.6%Average

In Week of May 17, 2026, True Green Bio Energy Ltd (Textiles - Manmade Fibre - PFY/PSF) is outperforming Nifty 500 with +143.6% relative strength. Fundamentals: Average.

True Green Bio Energy Ltd Key Facts

PE Ratio
428.0x
Market Cap
₹561 Cr
PAT Growth YoY
+4280%
Revenue Growth YoY
+4476%
OPM
18.4%
RS vs Nifty 500
+143.6%
PE: At PeakRiding Wave

What's Happening

📊PE near cycle highs — limited room for further expansion
📊Debt increased 41% YoY — leverage rising
👔Promoter stake down 13.2% this quarter
🌐FII stake increased 13.6% this quarter
💰Trading 97% above estimated fair value — significant premium

Earnings Acceleration Triggers

1. 24 CBG plants commissioning
Q4 FY26-Q2 FY27HIGH
2. DDGS revenue scaling
Q4 FY26HIGH
3. Sumitomo JV contribution
Q1 FY27MEDIUM

Key Risks

1. Finance cost pressure
MEDIUM
2. Deferred tax impact
MEDIUM

Key Numbers

PAT Growth YoY
+4280%
Inflection Up
Revenue YoY
+4476%
Stable
Operating Margin
18.4%
+808 bps YoY
PE Ratio
428.0
Current Price
₹170
Fundamental Score
41/100
Average
3Y PAT CAGR
-50%
Market Cap
561 Cr
Valuation
Significantly Overvalued

12-Week Performance

Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.

12 weeks agoThis week

Why Are True Green Bio Energy Ltd's Earnings Accelerating?

Based on Q3 FY26 (ended December 31, 2025) earnings • Updated Mar 21, 2026

24 CBG plants commissioning

Expected: Q4 FY26-Q2 FY27HIGH confidence+₹500 Cr revenue

What: 24 new CBG plants coming online with 63% AITA margin potential

Impact: +₹500 Cr revenue

“Management stated: 'The reason being why we are coming up with the 24 node additional CBG plants... CBG segment has grown from 44% to 63.34% of total revenue'”

DDGS revenue scaling

Expected: Q4 FY26HIGH confidence+₹60 Cr revenue

What: DDGS production scaling from ₹18 cr to ₹80 cr quarterly

Impact: +₹60 Cr revenue

“Management stated: 'In the Q3 we had revenue of around ₹18 cr for DDGS... for the quarter to come we expect a revenue of somewhere about ₹70 to ₹80 cr for DDGS'”

Sumitomo JV contribution

Expected: Q1 FY27MEDIUM confidence+₹250 Cr revenue

What: Sumitomo JV expected to contribute ₹1,000 cr annually

Impact: +₹250 Cr revenue

“Management stated: 'Total is ₹1,650 cr - ₹650 cr for GB and and ₹1,000 cr odd for the Sumitomo JV'”

What Are the Key Risks for True Green Bio Energy Ltd?

Earnings deceleration risks from management commentary

Finance cost pressure

MEDIUM

Trigger: Continued debt financing for expansion

Impact: -500 bps margin impact

Management view: Finance cost increased from ₹35.97 cr to ₹40.13 cr due to expansion financing

Monitor: Debt-to-equity ratio

Deferred tax impact

MEDIUM

Trigger: Changes in tax calculations

Impact: -800 bps margin impact

Management view: PAT decreased due to calculation of deferred tax DT and DTL

Monitor: Deferred tax assets/liabilities

What Is True Green Bio Energy Ltd's Management Saying?

Key quotes from recent conference calls

“In the CBG business, we have achieved operating efficiencies that meaningfully exceed industry benchmarks, translating into strong and sustained financial performance. For the 9 months ended December 31, 2025, the CBG business recorded an AITA margin of 63% and a PAT margin of 43% — Management”
“Total is ₹1,650 cr - ₹650 cr for GB and and ₹1,000 cr odd for the Sumitomo JV — Management”
“The CBG jump alone contributing 55.68% — Management”
“Unfortunately we delayed the setting up of the grain plants and we had a quarter down — Management”

What Is True Green Bio Energy Ltd's Management Guidance?

Forward-looking targets from management for next 2-4 quarters

Implied PAT Growth

15%

OPM Guidance

63%

Capex Plan

₹1650 Cr

Management Tone: CAUTIOUS

Key Milestones

• 24 CBG plants commissioning

• DDGS revenue scaling to ₹80 cr

• Sumitomo JV contribution

How Fast Is True Green Bio Energy Ltd Growing?

Revenue, profit and margin growth rates

MetricYoY3Y CAGRTrend
Revenue+4476%—Stable
PAT (Net Profit)+4280%-50%Inflection Up
OPM18.4%+808 bpsVolatile

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 21, 2026.

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Frequently Asked Questions: True Green Bio Energy Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were True Green Bio Energy Ltd's latest quarterly results?

True Green Bio Energy Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: +4280.0% (turning around (inflection up))
  • Revenue Growth YoY: +4476.1%
  • Operating Margin: 18.4% (volatile)

Is True Green Bio Energy Ltd's profit growing or declining?

True Green Bio Energy Ltd's profit is growing with an turning around (inflection up) trend.

  • PAT Growth YoY: +4280.0% (latest quarter)
  • PAT Growth QoQ: +154.7% (sequential)
  • 3-Year PAT CAGR: -50.0%
  • Trend: Turning around (inflection up) — consistent growth pattern

What is True Green Bio Energy Ltd's revenue growth trend?

True Green Bio Energy Ltd's revenue growth trend is stable.

  • Revenue Growth YoY: +4476.1%
  • Revenue Growth QoQ: +3727.3% (sequential)

How is True Green Bio Energy Ltd's operating margin trending?

True Green Bio Energy Ltd's operating margin is volatile.

  • Current OPM: 18.4%
  • OPM Change YoY: +8.1% basis points
  • OPM Change QoQ: +16.1% basis points

What is True Green Bio Energy Ltd's 3-year profit and revenue CAGR?

True Green Bio Energy Ltd's long-term compounding rates

  • 3-Year Profit CAGR: -50.0%

Is True Green Bio Energy Ltd's growth accelerating or decelerating?

True Green Bio Energy Ltd's earnings growth is turning around (inflection up) with positive momentum on a sequential basis.

  • YoY Acceleration: 0.0% bps
  • Sequential Acceleration: 0.0% bps

What is True Green Bio Energy Ltd's trailing twelve month (TTM) performance?

True Green Bio Energy Ltd's trailing twelve month (TTM) performance

  • TTM PAT: ₹0 Cr
  • TTM PAT Growth: +100.0% YoY
  • TTM Revenue: ₹97 Cr
  • TTM Revenue Growth: +100.0% YoY
  • TTM Operating Margin: 17.4%

Is True Green Bio Energy Ltd overvalued or undervalued?

True Green Bio Energy Ltd appears significantly overvalued based on our fair value analysis.

  • Valuation Signal: Significantly Overvalued
  • Current PE: 428.0x
  • Price-to-Book: 4.4x

What is True Green Bio Energy Ltd's current PE ratio?

True Green Bio Energy Ltd's current PE ratio is 428.0x.

  • Current PE: 428.0x
  • Market Cap: 561 Cr

How does True Green Bio Energy Ltd's valuation compare to its history?

True Green Bio Energy Ltd's current PE is 428.0x.

  • Current PE: 428.0x
  • Valuation Assessment: Significantly Overvalued

What is True Green Bio Energy Ltd's price-to-book ratio?

True Green Bio Energy Ltd's price-to-book ratio is 4.4x.

  • Price-to-Book (P/B): 4.4x
  • Book Value per Share: ₹39
  • Current Price: ₹170

Is True Green Bio Energy Ltd a fundamentally strong company?

True Green Bio Energy Ltd is rated Average with a fundamental score of 41/100. This score is calculated from objective financial metrics

  • Revenue Growth YoY: +4476.1% (10% weight)
  • PAT Growth YoY: +4280.0% (10% weight)
  • PAT Growth QoQ: +154.7% (10% weight)
  • Margins stable (10% weight)

Is True Green Bio Energy Ltd debt free?

True Green Bio Energy Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹245 Cr

What is True Green Bio Energy Ltd's return on equity (ROE) and ROCE?

True Green Bio Energy Ltd's return ratios over recent years

  • FY2023: ROCE -1.4%
  • FY2024: ROCE -3.4%
  • FY2025: ROCE -0.6%

Is True Green Bio Energy Ltd's cash flow positive?

True Green Bio Energy Ltd's operating cash flow is negative (FY2025).

  • Cash from Operations (CFO): ₹-31 Cr
  • Free Cash Flow (FCF): ₹-183 Cr

What is True Green Bio Energy Ltd's dividend yield?

True Green Bio Energy Ltd currently does not pay a significant dividend (yield 0.00%).

  • Dividend Yield: 0.00%
  • Current Price: ₹170

Who holds True Green Bio Energy Ltd shares — promoters, FII, DII?

True Green Bio Energy Ltd's shareholding pattern (Mar 2026)

  • Promoters: 61.3%
  • FII (Foreign): 25.2%
  • DII (Domestic): 0.1%
  • Public: 13.5%

Is promoter holding increasing or decreasing in True Green Bio Energy Ltd?

True Green Bio Energy Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 61.3% (Mar 2026)
  • Previous Quarter: 61.3% (Dec 2025)
  • Change: 0.00% (stable)

How long has True Green Bio Energy Ltd been outperforming Nifty 500?

True Green Bio Energy Ltd has been outperforming Nifty 500 for 1 consecutive week, indicating early-stage outperformance.

Is True Green Bio Energy Ltd a new momentum entry or an established outperformer?

True Green Bio Energy Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for True Green Bio Energy Ltd?

True Green Bio Energy Ltd has 3 key growth catalysts identified from recent earnings analysis

  • 24 CBG plants commissioning — 24 new CBG plants coming online with 63% AITA margin potential
  • DDGS revenue scaling — DDGS production scaling from ₹18 cr to ₹80 cr quarterly
  • Sumitomo JV contribution — Sumitomo JV expected to contribute ₹1,000 cr annually

What are the key risks in True Green Bio Energy Ltd?

True Green Bio Energy Ltd has 2 key risks worth monitoring

  • [MEDIUM] Finance cost pressure — Expansion debt increasing finance costs by 11.6%
  • [MEDIUM] Deferred tax impact — DTL calculations reducing PAT by 8%

What did True Green Bio Energy Ltd's management say in the latest earnings call?

In Q3 FY26 (ended December 31, 2025), True Green Bio Energy Ltd's management highlighted

  • "In the CBG business, we have achieved operating efficiencies that meaningfully exceed industry benchmarks, translating into strong and sustained finan..."
  • "Total is ₹1,650 cr - ₹650 cr for GB and and ₹1,000 cr odd for the Sumitomo JV — Management"
  • "The CBG jump alone contributing 55.68% — Management"

What is True Green Bio Energy Ltd's management guidance for growth?

True Green Bio Energy Ltd's management has provided the following forward guidance for next 2-4 quarters

  • Implied PAT growth: 15%
  • OPM guidance: 63%
  • Capex plan: ₹1650 Cr
  • Management tone: cautious
  • Milestone: 24 CBG plants commissioning
  • Milestone: DDGS revenue scaling to ₹80 cr

Is True Green Bio Energy Ltd worth studying for long term investment?

Based on quantitative research signals, here is why True Green Bio Energy Ltd may be worth studying

  • Earnings growing at +4280.0% YoY

What is the investment thesis for True Green Bio Energy Ltd?

True Green Bio Energy Ltd investment thesis summary:

Research Signals (Bull Case)

  • Revenue growing at +4476.1% YoY
  • Growth catalyst: 24 CBG plants commissioning

Risk Factors (Bear Case)

  • Appears significantly overvalued
  • Key risk: Finance cost pressure

What is the future outlook for True Green Bio Energy Ltd?

True Green Bio Energy Ltd's forward outlook based on current data signals

  • Earnings Trend: turning around (inflection up)
  • Revenue Trend: stable
  • Margin Trend: volatile
  • Valuation: Significantly Overvalued
  • Key Catalyst: 24 CBG plants commissioning
  • Key Risk: Finance cost pressure

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.