Clean Max Enviro Energy Solutions Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
Concerns
- Premium to sector peers (P/E 88.2x vs industry 44.5x)
- Heavy debt load (D/E 2.7x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹185 | ₹3.5L Cr | 19.3 | 4.64 | 21.1 | 17.2 | 0.82 |
| NTPC NTPC Limited | ₹304 | ₹2.9L Cr | 10.4 | 1.45 | 15.1 | 8.92 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹251 | ₹2.3L Cr | 14.5 | 2.33 | 15.3 | 9.1 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,269 | ₹2.0L Cr | 99.9 | 9.69 | 11.4 | 7.39 | 5.48 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,294 | ₹1.5L Cr | 40.2 | 5.05 | 9.44 | 9.65 | 1.65 |
| TATAPOWER Tata Power Company Limited | ₹335 | ₹1.1L Cr | 28.4 | 2.7 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹483 | ₹82K Cr | 41 | 2.76 | 7.51 | 8.16 | 2.37 |
Showing 7 peers in the same sector · Sorted by market cap
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026, Fund Raising and other business matters
Board Meeting Intimation for Considering and Approving the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended 31 March 2026
Latest News
All newsBASF India acquires 14.18% stake in Clean Max Galapagos
*BASF India acquires 14.18% stake in Clean Max Galapagos.* The transaction marks a strategic entry into the renewable energy space. No financial terms were disclosed. This move aligns with BASF’s sustainability and clean energy goals. 📊 *STOCKS:* $BASF | 🏢 *SECTOR:* Chemicals | #MEDIUMIMPACT #Acquisition
CleanMax, Nuvoco partner on 46.4 MW hybrid energy project
*CleanMax, Nuvoco partner on 46.4 MW hybrid energy project*. CleanMax and Nuvoco have signed an agreement for a **46.4 MW** wind-solar hybrid project to power Nuvoco’s cement plants with clean energy. The initiative supports Nuvoco’s sustainability goals and CleanMax’s renewable energy expansion. Financial terms were not disclosed. 📊 *STOCKS:* $CLEANMAX $NUVOCO | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Renewables
Crisil assigns AA/Stable rating to CleanMax
*Crisil assigns AA/Stable rating to CleanMax* reflecting strong market leadership and prudent financial management. The rating underscores confidence in the company’s credit profile and growth strategy. **CRISIL AA** rating indicates low credit risk with stable outlook. This recognition may enhance investor interest and lower borrowing costs. 📊 *STOCKS:* CLEANMAX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #CreditRating
CleanMax commissions record 500 MW in Q1 FY27
*CleanMax commissions record 500 MW in Q1 FY27* — Clean Max Enviro Energy Solutions announced a record commissioning of **over 500 MW** of renewable energy projects in Q1 FY27, boosting its operational portfolio to **4.2 GW**. This marks the highest quarterly addition in the company’s history. The strong execution reflects rising demand for clean energy solutions and could enhance future revenue visibility. 📊 *STOCKS:* CLEANMAX | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Renewables
Meta, CleanMax partner on 900 MW renewable energy project in India
*Meta, CleanMax partner on 900 MW renewable energy project in India* — CleanMax announced a strategic partnership with Meta to develop approximately **900 MW** of renewable energy capacity in India. The collaboration aims to support Meta’s global sustainability goals while boosting CleanMax’s project pipeline. This reinforces CleanMax’s position in the corporate renewable energy space. 📊 *STOCKS:* CLEANMAX | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #RenewableEnergy
CleanMax raises ₹2,500 crore via green bonds
*CleanMax raises ₹2,500 crore via green bonds.* The funds will be used to expand renewable energy projects across India. This marks one of the larger private green bond issuances in the sector this year. The move strengthens its balance sheet for upcoming solar and wind bids. 📊 *STOCKS:* $CLEANMAX | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #GreenEnergy
Clean Max announces general updates with no specific details.
*Clean Max announces general updates with no specific details.* The company filed a routine disclosure on the NSE without elaborating on the nature of the updates. Such generic updates typically do not contain material information. Investors await further clarity. 📊 *STOCKS:* $CLEANMAX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporate
Clean Max allots 200,000 shares under ESOP
*Clean Max allots 200,000 shares under ESOP.* The company has issued **200,000** equity shares pursuant to employee stock ownership plans. This allotment is part of ongoing ESOP/ESOS/ESPS initiatives. No immediate financial impact is expected. 📊 *STOCKS:* $CLEAN | 🏢 *SECTOR:* Energy | #LOWIMPACT #ESOP
Clean Max allots 35,800 shares under employee stock scheme
*Clean Max allots 35,800 shares under employee stock scheme.* Clean Max Enviro Energy Solutions has allotted **35,800** equity shares under its ESOP/ESOS/ESPS scheme. The allotment is part of the company’s employee compensation initiatives. No financial details of the transaction were disclosed. 📊 *STOCKS:* $CLEANMAX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESOP
Clean Max allots 8,740 shares via ESOP
*Clean Max allots 8,740 shares via ESOP.* Clean Max Enviro Energy Solutions Limited has allotted **8,740 equity shares** under its employee stock ownership plan. The allotment is part of its ESOP/ESOS/ESPS program. No financial impact is expected as the number is small. 📊 *STOCKS:* CLEANMAX | 🏢 *SECTOR:* Energy | #LOWIMPACT #ESOP
Financials
Quarterly Results
| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹832 Cr 49.4% | ₹557 Cr 32.0% | ₹422 Cr 20.5% | ₹531 Cr 32.1% | ₹402 Cr 9.9% | ₹446 Cr 19.3% | ₹374 Cr |
| Op. Profit | ₹421 Cr 57.1% | ₹268 Cr 1.9% | ₹263 Cr 21.5% | ₹335 Cr 25.9% | ₹266 Cr 3.5% | ₹257 Cr 39.7% | ₹184 Cr |
| OPM | 51.0% 6.3% | 48.0% 22.6% | 62.0% 1.6% | 63.0% 4.5% | 66.0% 13.8% | 58.0% 18.4% | 49.0% |
| Net Profit | ₹55 Cr 22.2% | ₹45 Cr 114.3% | ₹21 Cr 41.7% | ₹36 Cr 311.8% | ₹-17 Cr 200.0% | ₹17 Cr 525.0% | ₹-4 Cr |
| EPS (₹) | 4.14 12.5% | 4.73 75.8% | 2.69 8.0% | 2.49 277.9% | -1.4 164.5% | 2.17 804.2% | 0.24 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue | ₹1.9K Cr 27.9% | ₹1.5K Cr 7.6% | ₹1.4K Cr 49.5% | ₹930 Cr 32.5% | ₹702 Cr 13.0% | ₹621 Cr |
| Expenses | ₹781 Cr 31.3% | ₹595 Cr 13.0% | ₹684 Cr 23.2% | ₹555 Cr 36.7% | ₹406 Cr 6.6% | ₹381 Cr |
| Op. Profit | ₹1.1K Cr 25.6% | ₹901 Cr 27.6% | ₹706 Cr 88.3% | ₹375 Cr 27.1% | ₹295 Cr 22.9% | ₹240 Cr |
| OPM | 59.0% 1.7% | 60.0% 17.6% | 51.0% 27.5% | 40.0% 4.8% | 42.0% 7.7% | 39.0% |
| Other Income | ₹169 Cr 48.2% | ₹114 Cr 356.0% | ₹25 Cr 143.1% | ₹-58 Cr 744.4% | ₹9 Cr 40.0% | ₹15 Cr |
| Interest | ₹786 Cr 18.6% | ₹663 Cr 31.5% | ₹504 Cr 132.3% | ₹217 Cr 29.9% | ₹167 Cr 18.4% | ₹141 Cr |
| Depreciation | ₹380 Cr 26.7% | ₹300 Cr 35.1% | ₹222 Cr 88.1% | ₹118 Cr 37.2% | ₹86 Cr 22.9% | ₹70 Cr |
| PBT | ₹135 Cr 159.6% | ₹52 Cr 940.0% | ₹5 Cr 127.8% | ₹-18 Cr 134.6% | ₹52 Cr 18.2% | ₹44 Cr |
| Tax % | 37.0% 51.9% | 77.0% 91.4% | 897.0% 275.3% | 239.0% 469.0% | 42.0% 0.0% | 42.0% |
| Net Profit | ₹86 Cr 352.6% | ₹19 Cr 150.0% | ₹-38 Cr 35.6% | ₹-59 Cr 296.7% | ₹30 Cr 20.0% | ₹25 Cr |
| EPS (₹) | 8.04 192.4% | 2.75 178.1% | -3.52 60.8% | -8.99 314.6% | 4.19 74.8% | 16.66 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|---|
Liabilities | |||||||
| Equity Capital | ₹12 Cr 20.0% | ₹10 Cr 100.0% | ₹5 Cr 25.0% | ₹4 Cr 0.0% | ₹4 Cr 0.0% | ₹4 Cr 426.3% | ₹0.76 Cr |
| Reserves | ₹4.6K Cr 74.1% | ₹2.7K Cr 3.9% | ₹2.6K Cr 39.9% | ₹1.8K Cr 51.5% | ₹1.2K Cr 4.0% | ₹1.3K Cr 2414.0% | ₹50 Cr |
| Borrowings | ₹12.7K Cr 23.1% | ₹10.3K Cr 27.5% | ₹8.1K Cr 45.2% | ₹5.6K Cr 40.3% | ₹4.0K Cr 147.4% | ₹1.6K Cr 19.7% | ₹1.3K Cr |
| Other Liabilities | ₹5.2K Cr 31.8% | ₹4.0K Cr 67.3% | ₹2.4K Cr 62.0% | ₹1.5K Cr 13.4% | ₹1.7K Cr 96.2% | ₹862 Cr 30.5% | ₹1.2K Cr |
| Total Liabilities | ₹22.6K Cr 33.1% | ₹16.9K Cr 30.1% | ₹13.0K Cr 46.9% | ₹8.9K Cr 29.0% | ₹6.9K Cr 84.4% | ₹3.7K Cr 41.6% | ₹2.6K Cr |
Assets | |||||||
| Fixed Assets | ₹12.0K Cr 25.1% | ₹9.6K Cr 18.6% | ₹8.1K Cr 21.2% | ₹6.6K Cr 127.0% | ₹2.9K Cr 36.3% | ₹2.1K Cr 5.8% | ₹2.0K Cr |
| CWIP | ₹5.3K Cr 49.5% | ₹3.6K Cr 86.9% | ₹1.9K Cr 181.3% | ₹680 Cr 74.7% | ₹2.7K Cr 344.9% | ₹603 Cr 438.4% | ₹112 Cr |
| Investments | ₹137 Cr 168.6% | ₹51 Cr 32.9% | ₹76 Cr 18.3% | ₹93 Cr 89.8% | ₹49 Cr 16.7% | ₹42 Cr 500.0% | ₹7 Cr |
| Other Assets | ₹5.1K Cr 36.1% | ₹3.8K Cr 26.4% | ₹3.0K Cr 105.7% | ₹1.4K Cr 19.4% | ₹1.2K Cr 29.8% | ₹934 Cr 94.2% | ₹481 Cr |
| Total Assets | ₹22.6K Cr 33.1% | ₹16.9K Cr 30.1% | ₹13.0K Cr 46.9% | ₹8.9K Cr 29.0% | ₹6.9K Cr 84.4% | ₹3.7K Cr 41.6% | ₹2.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Operating CF | ₹1.7K Cr 23.3% | ₹1.4K Cr 1532.6% | ₹86 Cr 90.7% | ₹928 Cr 113.8% | ₹434 Cr 11.2% | ₹489 Cr |
| Investing CF | ₹-6.0K Cr 65.1% | ₹-3.6K Cr 86.0% | ₹-1.9K Cr 35.6% | ₹-3.0K Cr 191.2% | ₹-1.0K Cr 102.7% | ₹-510 Cr |
| Financing CF | ₹5.1K Cr 105.4% | ₹2.5K Cr 38.7% | ₹1.8K Cr 16.6% | ₹2.1K Cr 268.4% | ₹582 Cr 1193.3% | ₹45 Cr |
| Net Cash Flow | ₹873 Cr 212.9% | ₹279 Cr 535.9% | ₹-64 Cr 204.9% | ₹61 Cr 458.8% | ₹-17 Cr 170.8% | ₹24 Cr |
| Free Cash Flow | ₹-4.0K Cr 160.4% | ₹-1.6K Cr 14.2% | ₹-1.8K Cr 8.0% | ₹-2.0K Cr 423.7% | ₹-375 Cr 1141.7% | ₹36 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 53d 15.2% | 46d 30.3% | 66d 1.5% | 67d 28.8% | 52d 85.7% | 28d |
| Inventory Days | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — |
| Cash Conv. Cycle | 53d 15.2% | 46d 30.3% | 66d 1.5% | 67d 28.8% | 52d 85.7% | 28d |
| Working Capital Days | -766d 77.3% | -432d 146.9% | -175d 63.0% | -473d 122.1% | -213d 26.0% | -169d |
| ROCE | 6.0% 14.3% | 7.0% 12.5% | 8.0% 14.3% | 7.0% 30.0% | 10.0% | — |
Source: Screener.in · Lower days = better efficiency
About Clean Max Enviro Energy Solutions Limited
The company is India’s largest Commercial & Industrial (C&I) renewable energy provider, with over 15 years of operating history.[1]
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