True Green Bio Energy Limited (TRUEGREEN.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-7634.3%

-₹14,526.22

vs ₹192.80 price

Levered DCF

-₹11,713.46

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.45

Grey zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.41×	-101.21×	370×	-50.68×	38.41×	56.35×	-99.11×	-236.17×
P/B	2.84×	1.9×	3.4×	3.42×	3.22×	3.52×	3.76×	3.62×
P/S	1.59×	9.47×	759.57×	3,805.86×	2.82×	1.95×	1.54×	1.21×
EV / EBITDA	12.47×	1,181.29×	-237.87×	-1,022.22×	124.46×	27.59×	74.28×	50.31×
Gross margin	31.9%	16.7%	61.9%	-1587.7%	99.7%	24.7%	1.2%	21.5%
Operating margin	19.2%	-5.4%	-185.8%	-1960.1%	-1.5%	5.0%	-0.8%	0.3%
Net margin	11.0%	-9.4%	205.3%	-7508.2%	7.3%	3.5%	-1.6%	-0.5%
Current ratio	1.18×	0.88×	0.29×	11.17×	1.35×	1.09×	1.04×	1.03×
Debt / equity	2.14×	1.5×	0.2×	0×	0.29×	0.23×	0.24×	0.29×
Interest coverage	4.26×	-166.45×	-45.53×	0×	-0.95×	3.75×	-0.41×	0.17×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.7%	-1.9%	0.9%	-6.7%	8.4%	6.2%	-3.8%	-1.5%
Return on invested capital	8.1%	-0.4%	-0.7%	-1.8%	-1.2%	5.5%	-1.4%	0.5%
Return on assets	5.6%	-0.7%	0.7%	-6.5%	5.0%	3.2%	-2.0%	-0.8%
Free cash flow yield	-33.8%	-85.4%	-12.6%	6.6%	-2.1%	0.4%	2.0%	-1.2%
Earnings yield	6.9%	-1.0%	0.3%	-2.0%	2.6%	1.8%	-1.0%	-0.4%
Enterprise value	₹7.6B	₹3.9B	₹3.2B	₹3B	₹3.3B	₹3.2B	₹3.2B	₹3.2B
Net debt / EBITDA	5.07×	515.39×	-12.69×	-0.25×	10.16×	1.69×	4.53×	3.73×
Cash conversion cycle (days)	121	53	-2,063	35,798	17,937	58	45	35