About TRUALT

Founded: 2021
Employees: 470
CEO: Vijaykumar Nirani
WebsiteView website: www.trualtbioenergy.com

TruAlt Bioenergy Limited produces and sells biofuels in India. Its products include ethanol, compressed biogas, extra neutral alcohol, and fermented organic manure. The company was formerly known as TruAlt Energy Limited and changed its name to TruAlt Bioenergy Limited in July 2022. TruAlt Bioenergy Limited was incorporated in 2021 and is based in Bengaluru, India.

Recent TRUALT News & Updates

New Risk • May 23

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). High level of non-cash earnings (34% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (5.3% net profit margin).

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About TRUALT

Recent TRUALT News & Updates

TruAlt Bioenergy's (NSE:TRUALT) Shareholders Have More To Worry About Than Only Soft Earnings

New major risk - Earnings quality

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