Share price
₹351.2 latest close · −25.3% over the last 90 sessions
₹351.2 month-end · −21.2% over 12 months
₹351.2 month-end · −21.3% since Oct '25
52-week range ₹310.20 to ₹542.00 · 1-year volatility 42.4%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 26 points, while the multiple moved less (P/E 18.2x to 19.3x).
- The share count rose 21%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-39.8% (2025-10 peak to 2026-01 low, recovered 2026-06)
-34.0% (2026-06 peak to 2026-11 low, not yet recovered)
Most recent volume spikes
2026-10-26: 6.4x the 50-day median, price -4.0% that day
2026-07-29: 10.9x the 50-day median, price +2.6% that day
2026-07-23: 8.3x the 50-day median, price +0.3% that day
Where does it rank among Energy Minerals peers?
Each cell is the company's percentile rank among its Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE26th▼ 31 pts vs a year ago
- Op. margin70th▲ 13 pts vs a year ago
- Revenue growth17th
- EPS growth14th
- Debt/equity ↓4thflat vs a year ago
- Cash cycle ↓19th▼ 81 pts vs a year ago
- P/E ↓24th▼ 19 pts vs a year ago
- 12M momentum25th
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Energy Minerals sector page Watch it move against Energy Minerals in the Observatory
What is the price implying?
At a P/E of 39.4x, the price would imply about 23.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Energy Minerals The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹351.20
- P/E
- 19.3x
- ROCE
- 10.0%
- Market Cap
- ₹3009 cr
- Revenue (TTM)
- ₹2051 cr
- P/S
- 1.5x
- P/B
- 2.0x
- ROE
- 10.3%
- Operating Margin
- 21.0%
- Debt / Equity
- 1.1x
- Promoter Holding
- 70.5%
- 12M Momentum
- -21.2%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance37%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 37.1%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate23%Within range
Median quarterly effective tax rate over about 2.5 years: 23.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.29xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.29x (cash from operations ₹81 cr, net profit ₹276 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow1 of 4 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 4: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress3% of fixed assetsWithin range
Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like TRUALT BIOENERGY LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −12% to +73% vs the market, against −1% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +17.4%, 80% range +8.6% to +40.7%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 8 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 32 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| SOBHA Finance |
May 2023 | 31x | 10% | −5% | −29% | +154% |
| BRIGADE Finance |
Jul 2020 | 22x | 8% | −20% | −42% | +48% |
| SAGCEM Non-Energy Minerals |
May 2023 | 35x | 8% | −5% | −22% | −25% |
| HIKAL Health Technology |
Aug 2025 | 35x | 10% | −23% | −43% | −27% |
| AJMERA Finance |
May 2021 | 15x | 7% | +71% | −9% | +82% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| AWHCL Transportation |
Sep 2025 | 18x | 12% | −25% | −35% | −33% |
| WELENT Industrial Services |
Jun 2021 | 13x | 9% | +74% | −13% | −12% |
| WELSPUNLIV Consumer Non-Durables |
Mar 2020 | 10x | 11% | −64% | −65% | +108% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, ROCE and drawdown from 12-month high. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
12 events since Dec '25
- NovPriceFell 34% from the Jun 2026 peak to the Nov 2026 low.
- OctSharesShare count is up 21.1% over 12 months.
- OctPriceVolume reached 6.4x its 50-day median on 2026-10-26; price -4.0% that day.
- SepPeer rankSlipped to the 2nd quartile of Energy Minerals on operating margin (from the top quartile).
- JulPriceVolume reached 10.9x its 50-day median on 2026-07-29; price +2.6% that day.
- JunPriceRegained the 2025-10 peak, 5 months after the low.
- JunPeer rankSlipped to the 3rd quartile of Energy Minerals on ROCE (from the 2nd quartile).
- MayPriceVolume reached 12.6x its 50-day median on 2026-05-25; price -2.2% that day.
Show 4 earlier events
- MarPeer rankMoved into the 2nd quartile of Energy Minerals on operating margin (from the bottom quartile).
- FebPriceVolume reached 5.3x its 50-day median on 2026-02-04; price -5.0% that day.
- JanPriceFell 40% from the Oct 2025 peak to the Jan 2026 low.
- DecPeer rankSlipped to the bottom quartile of Energy Minerals on operating margin (from the 2nd quartile).
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history14 months · 2025-10 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 19.3x | ₹2051 cr | 10.3% | 10.0% | 1.1x |
| 2026-10 | 19.7x | ₹2051 cr | 10.5% | 10.0% | 1.1x |
| 2026-09 | 25.7x | ₹2051 cr | 10.5% | 10.0% | 1.1x |
| 2026-08 | 35.1x | ₹1728 cr | 6.9% | 10.0% | 1.1x |
| 2026-07 | 34.6x | ₹1728 cr | 6.9% | 10.0% | 1.1x |
| 2026-06 | 37.0x | ₹1728 cr | 6.9% | 10.0% | 1.1x |
| 2026-05 | 24.2x | ₹2039 cr | 19.2% | 14.0% | 2.0x |
| 2026-04 | 24.5x | ₹2039 cr | 19.2% | 14.0% | 2.0x |
| 2026-03 | 20.0x | ₹2039 cr | 19.2% | 14.0% | 2.0x |
| 2026-02 | 17.7x | ₹1741 cr | 20.0% | 14.0% | 2.0x |
| 2026-01 | 16.8x | ₹1741 cr | 20.0% | 14.0% | 2.0x |
| 2025-12 | 17.8x | ₹1741 cr | 20.0% | 14.0% | 2.0x |
| 2025-11 | 18.2x | ₹2014 cr | 22.5% | 14.0% | 2.0x |
| 2025-10 | 18.2x | ₹2014 cr | 22.5% | 14.0% | 2.0x |