BSE: TRUEGREEN CMP: Rs 192.10 P/E: 20.21x ROCE: 13.89% 6M Ret: +211.85% Div Yld: Nil ATH: Rs 200.85
Key Performance Indicators
True Green trades at Rs 192.10 on BSE (TRUEGREEN), with a market capitalisation of Rs 633.11 crore. The price-to-earnings ratio is 20.21x. Return on capital employed stands at 13.89%. The six-month return is +211.85%. Quarterly net profit is Rs 28.67 crore (+2223.70% year-on-year change). Quarterly sales stand at Rs 190.28 crore (+6077.92% year-on-year). The all-time high is Rs 200.85, 4.6% above the current price.
Highlights
True Green has delivered a six-month return of 211.85%, with a market capitalisation of Rs 633.11 crore at the current price of Rs 192.10. The all-time high of Rs 200.85 sits 4.6% above the current price, indicating the stock has corrected from its historical peak and offers headroom for appreciation toward that level. The company's ROCE of 13.89% — in the solid 12–15% range, indicating good capital efficiency — is a key distinguishing fundamental metric.
The P/E of 20.21x is at or below the Indian market average — an attractive entry multiple if the ROCE and earnings growth profile is sustainable. The energy sector tailwinds — India's 500 GW renewable energy target and structural energy transition — provide structural support for sustained revenue and earnings growth.
Business Overview
True Green Energy is a renewable energy company in the solar energy sector — manufacturing solar modules, executing EPC projects, or operating as an independent solar power producer. The extraordinary quarterly sales growth of 6,077.92% and profit growth of 2,223.70% reflect a business that has scaled from near-zero to meaningful operational activity within a single year — a profile consistent with a company ramping up manufacturing capacity under the solar PLI scheme or commissioning a large project-based revenue event.
The quarterly profit of Rs 28.67 crore on sales of Rs 190.28 crore, P/E of 20.21 times, and ROCE of 13.89% together describe an operationally credible and profitably growing solar business. The six-month return of 211.85% and the all-time high of Rs 200.85 — Rs 8.75 above the current price of Rs 192.10 — indicate the stock is very close to its historical ceiling. India's 500 GW renewable energy target by 2030 creates the structural demand environment for solar companies across manufacturing, EPC, and power generation segments.
Financial Analysis
True Green's most recent quarterly financial results show revenue of Rs 190.28 crore (+6077.92% year-on-year) and net profit of Rs 28.67 crore (2223.70% year-on-year variation). The triple-digit profit growth rate substantially outpaces revenue growth — a pattern that signals meaningful margin expansion, operating leverage taking effect, or non-recurring income contribution that should be verified through the quarterly results commentary.
The ROCE of 13.89% is the primary quality indicator for this business. At 13.89%, the business generates solid capital returns, indicating competitive positioning that allows it to earn above-average returns without extraordinary competitive advantages. Tracking ROCE improvement over time provides a leading indicator of business quality enhancement.
At Rs 633.11 crore — a small-cap company — True Green may have limited institutional research coverage, making self-directed analysis of BSE exchange filings, quarterly results, and annual reports especially important for investors forming an investment view.
Investor Highlights
The investment case for True Green rests on the combination of a 13.89% ROCE — indicating a capital-efficient business with sustainable competitive advantages — and a demonstrated revenue and earnings growth trajectory that supports the current P/E of 20.21x. The combination of solid ROCE with consistent earnings growth creates a compounding engine where both business scale and per-share earnings grow simultaneously, supporting share price appreciation over a full investment cycle.
With the current price 4.6% below the all-time high of Rs 200.85, there is established headroom toward the historical peak. If fundamental performance continues to deliver quarterly profit growth and improving ROCE, the stock has a reference target for re-rating toward the all-time high level.
The absence of a dividend yield is consistent with a growth-phase reinvestment strategy — if the ROCE of 13.89% exceeds the shareholder's cost of equity, retaining earnings for reinvestment creates more value than distribution. Investors should assess whether management's capital allocation decisions (capex, acquisitions, working capital) are generating returns consistent with the current ROCE. Investors should access the company's latest annual report and quarterly results on the BSE/NSE portal for current financial data and management commentary on the growth outlook.
Frequently Asked Questions
Q: What does True Green do and why has it delivered a 211.85% six-month return?
A: True Green operates in India's energy sector. The 211.85% six-month return reflects a combination of sector-level tailwinds, improving quarterly financial performance — quarterly profit growing 2223.70% and revenue growing 6077.92% year-on-year — and market re-rating of the company's growth and quality profile. Specific business details and catalysts are documented in BSE/NSE exchange filings.
Q: What does the ROCE of 13.89% indicate about True Green's business quality?
A: True Green's ROCE of 13.89% measures pre-tax profit generated per rupee of total capital employed. At 13.89%, the business generates solid above-average returns on capital, indicating a competitive position that delivers good operating profitability relative to the asset base deployed. Tracking ROCE over multiple quarters provides a leading indicator of business quality improvement or deterioration.
Q: How does the P/E of 20.21x compare to fundamentals for True Green?
A: The P/E of 20.21x should be assessed in conjunction with the earnings growth rate and ROCE. At 20.21x — below or at the Indian market average — the stock is conservatively priced for a business generating 13.89% ROCE, potentially representing a value opportunity if the earnings growth profile is sustained.
Q: What is True Green's all-time high and how far is the current price from it?
A: True Green's all-time high is Rs 200.85. The current price of Rs 192.10 is 4.6% below the all-time high, offering potential headroom for appreciation if fundamental performance supports continued market re-rating. The all-time high provides a reference ceiling that informs sentiment and potential price target discussion, though fundamental value — determined by earnings, ROCE, and growth — is the primary determinant of sustainable price levels.
Q: Where can investors access True Green's official financial data and disclosures?
A: True Green's quarterly results, annual reports, investor presentations, shareholding patterns, and all material corporate announcements are filed with BSE and are freely accessible through the exchange filing portals at nseindia.com and bseindia.com. SEBI listing regulations mandate timely disclosure of all financial results and material developments. These filings are the primary source of verified financial and operational data for investment analysis.