Trualt Bioenergy (NSE:TRUALT) Piotroski F-Score: 5 (As of Jul. 02, 2026) — 17% Below Median


NSE:TRUALT Trualt Bioenergy Ltd NSE:TRUALT
42 GF Score
Price ₹472.30
! 8 Warning Signs
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What is Trualt Bioenergy Piotroski F-Score?

Trualt Bioenergy NSE:TRUALT +1.17% 42 Piotroski F-Score is 5 as of Jul. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NSE:TRUALT with a GF Score™ of 42/100. The stock has 8 warning signs investors should review. Among 973 Oil & Gas companies, Trualt Bioenergy ranks better than 62.69% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Trualt Bioenergy has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Trualt Bioenergy's Piotroski F-Score or its related term are showing as below:

NSE:TRUALT' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 5

During the past 6 years, the highest Piotroski F-Score of Trualt Bioenergy was 9. The lowest was 5. And the median was 6.

Trualt Bioenergy  (NSE:TRUALT) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Trualt Bioenergy Piotroski F-Score Related Terms


Trualt Bioenergy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Trualt Bioenergy's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Trualt Bioenergy Piotroski F-Score Chart

Trualt Bioenergy Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 5.00 9.00 5.00

Trualt Bioenergy Quarterly Data
Mar21 Mar22 Sep22 Mar23 Mar24 Dec24 Mar25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 5.00 0.00 9.00 0.00 5.00

NSE:TRUALT vs VLO, MPC, PSX: Piotroski F-Score Comparison

For the Oil & Gas Refining & Marketing subindustry, Trualt Bioenergy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Trualt Bioenergy Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Trualt Bioenergy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Trualt Bioenergy's Piotroski F-Score falls into.


NSE:TRUALT
42GF Score
Trualt Bioenergy Ltd NSE:TRUALT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹969 Mil.
Cash Flow from Operations was ₹-2,956 Mil.
Revenue was ₹17,275 Mil.
Gross Profit was ₹5,268 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (30297.309 + 37783.429) / 2 = ₹34040.369 Mil.
Total Assets at the begining of this year (Mar25) was ₹30,297 Mil.
Long-Term Debt & Capital Lease Obligation was ₹9,927 Mil.
Total Current Assets was ₹14,787 Mil.
Total Current Liabilities was ₹10,847 Mil.
Net Income was ₹1,466 Mil.

Revenue was ₹19,077 Mil.
Gross Profit was ₹5,692 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (24190.808 + 30297.309) / 2 = ₹27244.0585 Mil.
Total Assets at the begining of last year (Mar24) was ₹24,191 Mil.
Long-Term Debt & Capital Lease Obligation was ₹11,224 Mil.
Total Current Assets was ₹10,622 Mil.
Total Current Liabilities was ₹10,475 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Trualt Bioenergy's current Net Income (TTM) was 969. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Trualt Bioenergy's current Cash Flow from Operations (TTM) was -2,956. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=968.698/30297.309
=0.03197307

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1466.385/24190.808
=0.06061745

Trualt Bioenergy's return on assets of this year was 0.03197307. Trualt Bioenergy's return on assets of last year was 0.06061745. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Trualt Bioenergy's current Net Income (TTM) was 969. Trualt Bioenergy's current Cash Flow from Operations (TTM) was -2,956. ==> -2,956 <= 969 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=9927.167/34040.369
=0.29162924

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=11223.52/27244.0585
=0.41196212

Trualt Bioenergy's gearing of this year was 0.29162924. Trualt Bioenergy's gearing of last year was 0.41196212. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=14787.487/10847.287
=1.3632429

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10622.002/10474.996
=1.01403399

Trualt Bioenergy's current ratio of this year was 1.3632429. Trualt Bioenergy's current ratio of last year was 1.01403399. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Trualt Bioenergy's number of shares in issue this year was 78.756. Trualt Bioenergy's number of shares in issue last year was 85.753. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5268.224/17275.066
=0.30496115

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5692.097/19077.24
=0.2983711

Trualt Bioenergy's gross margin of this year was 0.30496115. Trualt Bioenergy's gross margin of last year was 0.2983711. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=17275.066/30297.309
=0.57018483

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=19077.24/24190.808
=0.78861525

Trualt Bioenergy's asset turnover of this year was 0.57018483. Trualt Bioenergy's asset turnover of last year was 0.78861525. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+0+0+1+1+1+1+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Trualt Bioenergy has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Trualt Bioenergy (NSE:TRUALT) has a Piotroski F-Score of 5 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Trualt Bioenergy and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Trualt Bioenergy's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Trualt Bioenergy ranks #363 out of 973 companies in the Oil & Gas industry, placing it in the top 37.3%.
Is Trualt Bioenergy's Piotroski F-Score too high?
Trualt Bioenergy's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Trualt Bioenergy's value of 5 is 0% at this industry median. Based on the distribution chart, Trualt Bioenergy ranks #363 out of 973 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Trualt Bioenergy has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Trualt Bioenergy's Piotroski F-Score compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Trualt Bioenergy ranks #363 out of 973 companies for Piotroski F-Score. This puts Trualt Bioenergy in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Trualt Bioenergy's value of 5 is 0% at this benchmark. Historically, Trualt Bioenergy's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Trualt Bioenergy has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 973 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trualt Bioenergy's current Piotroski F-Score of 5 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Trualt Bioenergy and its competitors. For the Oil & Gas industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trualt Bioenergy's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trualt Bioenergy stock overvalued right now?
Trualt Bioenergy (NSE:TRUALT) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Oil & Gas industry median of 5.00. Trualt Bioenergy's overall GF Score™ is 42/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Trualt Bioenergy (NSE:TRUALT), the current Piotroski F-Score is 5 as of Jul. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Trualt Bioenergy Business Description

Industry EnergyOil & Gas
Other Exchanges 544545:India
Address No. 26/1, Dr. Rajkumar Road, No S-904/A, 9th Floor, World Trade Center, Brigade Gateway Campus, Bangalore, KA, IND, 560055
Trualt Bioenergy Ltd is a biofuels producer, particularly in the Ethanol sector. As part of its Ethanol production, the company also produces extra neutral alcohol (ENA), the raw material in the production of alcoholic beverages. Its product portfolio also includes dry ice and liquid carbon dioxide (CO2), by-products in the Ethanol production process. The group is engaged in the business of manufacturing, selling ethanol and compressed biogas, and other products derived from distillery processes.
42GF Score

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