Price
Financials
Consolidated, Rs crore| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 374 | 446 | 402 | 531 | 422 | 557 | 832 |
| Expenses | 189 | 189 | 137 | 195 | 159 | 290 | 411 |
| Operating Profit | 184 | 257 | 266 | 335 | 263 | 268 | 421 |
| OPM % | 49% | 58% | 66% | 63% | 62% | 48% | 51% |
| Other Income | 36 | 54 | 9 | 27 | 44 | 84 | 42 |
| Interest | 154 | 204 | 221 | 195 | 190 | 180 | 255 |
| Depreciation | 83 | 81 | 83 | 89 | 111 | 97 | 115 |
| Profit before tax | -17 | 26 | -30 | 79 | 7 | 75 | 94 |
| Tax % | -73% | 34% | -44% | 60% | -219% | 40% | 41% |
| Net Profit | -4 | 17 | -17 | 36 | 21 | 45 | 55 |
| EPS in Rs | 4.85 | 43.39 | -2.80 | 2.49 | 2.69 | 4.73 | 4.14 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 621 | 702 | 930 | 1,390 | 1,496 | 1,913 | 2,343 |
| Expenses | 381 | 406 | 555 | 684 | 595 | 781 | 1,056 |
| Operating Profit | 240 | 295 | 375 | 706 | 901 | 1,132 | 1,287 |
| OPM % | 39% | 42% | 40% | 51% | 60% | 59% | 55% |
| Other Income | 15 | 9 | -58 | 25 | 114 | 169 | 199 |
| Interest | 141 | 167 | 217 | 504 | 663 | 786 | 820 |
| Depreciation | 70 | 86 | 118 | 222 | 300 | 380 | 411 |
| Profit before tax | 44 | 52 | -18 | 5 | 52 | 135 | 255 |
| Tax % | 42% | 42% | 239% | 897% | 77% | 37% | |
| Net Profit | 25 | 30 | -59 | -38 | 19 | 86 | 157 |
| EPS in Rs | 334.17 | 83.97 | -179.97 | -70.44 | 54.89 | 8.04 | 14.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 25% | 27% | 28% | ||
| Compounded Profit Growth | % | 19% | -8% | 121% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 1% | 0% | 2% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.76 | 4 | 4 | 4 | 5 | 12 |
| Reserves | 50 | 1,257 | 1,207 | 1,829 | 2,558 | 4,627 |
| Borrowings | 1,341 | 1,605 | 3,971 | 5,570 | 8,087 | 12,684 |
| Other Liabilities | 1,240 | 862 | 1,691 | 1,465 | 2,374 | 5,232 |
| Total Liabilities | 2,632 | 3,728 | 6,873 | 8,869 | 13,025 | 22,555 |
| Fixed Assets | 2,031 | 2,149 | 2,929 | 6,649 | 8,060 | 11,954 |
| CWIP | 112 | 603 | 2,683 | 680 | 1,913 | 5,343 |
| Investments | 7 | 42 | 49 | 93 | 76 | 137 |
| Other Assets | 481 | 934 | 1,212 | 1,447 | 2,976 | 5,122 |
| Total Assets | 2,632 | 3,728 | 6,873 | 8,869 | 13,025 | 22,555 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 489 | 434 | 928 | 86 | 1,404 | 1,731 |
| Cash from Investing Activity | -510 | -1,034 | -3,011 | -1,939 | -3,606 | -5,953 |
| Cash from Financing Activity | 45 | 582 | 2,144 | 1,789 | 2,481 | 5,095 |
| Net Cash Flow | 24 | -17 | 61 | -64 | 279 | 873 |
| Free Cash Flow | 36 | -375 | -1,964 | -1,807 | -1,551 | -4,039 |
| CFO/OP | 206% | 149% | 252% | 26% | 165% | 160% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 28 | 52 | 67 | 66 | 46 | 53 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 28 | 52 | 67 | 66 | 46 | 53 |
| Working Capital Days | -169 | -213 | -473 | -175 | -432 | -766 |
| ROCE % | 10% | 7% | 8% | 7% | 6% |
| Mar 2026 | Jun 2026 | |
|---|---|---|
| Promoters | 49.48% | 49.43% |
| FIIs | 29.80% | 11.21% |
| DIIs | 14.75% | 14.67% |
| Public | 5.97% | 24.70% |
| No. of Shareholders | 31,746 | 23,620 |
Fundamentals
Market Cap₹ 16,250 Cr.
Current Price₹ 1,382
Stock P/E104
Book Value₹ 396
ROCE6.16 %
ROE1.76 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)28%
Compounded Profit Growth (TTM)121%
Consolidated figures.
Valuation
Market capRs 15,279 Cr
Enterprise valueRs 16,561 Cr
P/E (TTM)430.04x
Price to book12.12x
Price to sales8.72x
EV / EBITDA14.18x
EV / EBIT19.90x
EV / sales9.45x
Price to cash flow35.21x
Earnings yield0.23%
Profitability
Operating margin (excl. other income)42.10%
Operating margin (incl. other income)43.41%
EBITDA margin66.67%
Pre-tax margin3.35%
Net profit margin2.03%
Net margin, latest quarter4.76%
ROE4.63%
ROCE10.29%
ROA0.95%
ROIC (approx.)18.90%
Tax rate42.28%
Other income / net worth0.73%
Growth
Sales growth (latest year)12.95%
Profit growth (latest year)19.91%
Sales growth QoQ31.88%
Per share
EPS (TTM)Rs 3.02
EPS (latest year)Rs 83.97
EPS (latest quarter)Rs 2.15
Book value per shareRs 107.24
Sales per shareRs 149.06
Cash flow per shareRs 36.92
Free cash flow per shareRs -343.59
Efficiency
Asset turnover0.19x
Fixed asset turnover0.33x
Inventory turnover4.61x
Inventory days79 days
Debtor days52 days
Debtors turnover7.05x
Cash conversion cycle53 days
Working capital days-766 days
Leverage
Total debtRs 1,605 Cr
Cash and bankRs 324 Cr
Net debtRs 1,281 Cr
Debt to equity1.27x
Net debt / EBITDA1.10x
Interest coverage1.08x
Current ratio (filing 2026-03-31)0.66x
Quick ratio (filing 2026-03-31)0.66x
Trade payables (filing 2026-03-31)Rs 1,750 Cr
Owners' fund to total sources33.81%
Debt to assets43.06%
Cash flow
Cash from Operating Activity (latest year)Rs 434 Cr
Cash from Investing Activity (latest year)Rs -1,034 Cr
Cash from Financing Activity (latest year)Rs 582 Cr
Net Cash Flow (latest year)Rs -17 Cr
Free cash flow (latest year)Rs -4,039 Cr
FCFE (approx.: FCF + change in debt)Rs -3,775 Cr
Cash from ops / profit, 5 years120.61x
Sales to cash flow1.62x
Statement figures
Net sales (TTM)Rs 1,752 Cr
Net sales (latest year)Rs 702 Cr
Sales (latest quarter)Rs 531 Cr
Operating profit excl. other income (latest year)Rs 295 Cr
Operating profit (latest quarter)Rs 335 Cr
Other income (TTM)Rs 126 Cr
EBITDA (TTM)Rs 1,168 Cr
PBDT (TTM)Rs 395 Cr
Profit before tax (TTM)Rs 59 Cr
Tax (latest year)Rs 22 Cr
Net profit (TTM)Rs 36 Cr
Net profit (latest year)Rs 30 Cr
Net profit (latest quarter)Rs 25 Cr
Depreciation (TTM)Rs 336 Cr
Depreciation (latest quarter)Rs 89 Cr
Interest (TTM)Rs 773 Cr
Cost of goods sold (latest year)Rs 322 Cr
Total expenditure (latest year)Rs 406 Cr
Total income (latest year)Rs 711 Cr
Share capitalRs 4 Cr
ReservesRs 1,257 Cr
Shareholders' fundsRs 1,261 Cr
Total assetsRs 3,728 Cr
Net blockRs 2,149 Cr
Capital work in progressRs 603 Cr
InvestmentsRs 42 Cr
ReceivablesRs 100 Cr
InventoryRs 70 Cr
Other liabilitiesRs 862 Cr
Shares outstanding (crore)11.76
Ownership
Promoter holding49.43%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | CLEANMAX | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.2% | -2.8% | -3.4 pts |
| 1 month | +4.0% | -6.8% | +10.8 pts |
| 3 months | +3.4% | -7.6% | +11.0 pts |
| 6 months | +68.9% | +0.4% | +68.5 pts |
37 mutual fund schemes hold about ₹493 Cr.
Over three months 6 bought more and 29 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Business Cycle Fund | 2.13% | 59 | -14% |
| Franklin India Large & Mid Cap Fund | 1.58% | 57 | -19% |
| Bajaj Finserv Small Cap Fund | 1.48% | 39 | -17% |
| TRUSTMF Small Cap Fund | 1.09% | 31 | -19% |
| Union Flexi Cap Fund | 1.12% | 28 | +12% |
| PGIM India Small Cap Fund | 1.51% | 27 | -19% |
| WOC Special Opp Fund | 1.25% | 24 | -16% |
| Baroda BNP Paribas Small Cap Fund | 1.84% | 24 | -15% |
| PGIM India Flexi Cap Fund | 0.36% | 21 | -14% |
| ICICI Pru Multi Cap Fund | 0.10% | 19 | -17% |
| ICICI Pru Multi Cap Fund | 0.10% | 19 | -17% |
| TRUSTMF Flexi Cap Fund | 1.37% | 14 | -31% |
| Union Balanced Advantage Fund | 1.14% | 14 | +7% |
| WOC Flexi Cap Fund | 0.15% | 14 | -21% |
| HDFC Infrastructure Fund | 0.54% | 13 | -7% |
| Baroda BNP Paribas Energy Opportunities Fund | 1.99% | 12 | -15% |
| Edelweiss Recently Listed IPO Fund | 0.89% | 11 | -22% |
| Union Multi Asset Allocation Fund | 0.97% | 10 | +68% |
| PGIM India ELSS Tax Saver Fund | 1.23% | 9 | -13% |
| Union Aggressive Hybrid Fund | 0.99% | 8 | +6% |
| TRUSTMF Multi Cap Fund | 0.93% | 8 | -9% |
| Bajaj Finserv Multi Cap Fund | 0.42% | 7 | +71% |
| WOC Multi Cap Fund | 0.14% | 6 | -23% |
| PGIM India Multi Cap Fund | 1.04% | 5 | -19% |
| TRUSTMF Mid Cap Fund | 0.81% | 3 | -36% |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 108% vs sales +13% in 2026 |
| explain | Low interest cover Interest cover 1.3x in 2026 |
| look | Share dilution Share count up 350% in a year |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹832 Cr +107.0% vs Jun 2025.
Net profit ₹55 Cr +423.5%.
Activity
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| Date | Client | Side | Qty | Price |
|---|---|---|---|---|
| 2026-09-28 | Icici Prudential Life Insurance Company Limited | BUY | 1,115,384 | 1,288.40 |
| 2026-09-28 | Hsbc India Infrastructure Equity Mother Fund | BUY | 788,000 | 1,288.40 |
| 2026-09-28 | Goldman Sachs Investments Mauritius I Limited | BUY | 718,539 | 1,289.04 |
| 2026-09-28 | Augment India I Holdings Llc | SELL | 7,633,385 | 1,289.01 |
| 2026-09-28 | Augment India I Holdings Llc | SELL | 869,152 | 1,288.40 |
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Clean Max Enviro Energy Solutions Ltd?
Clean Max Enviro Energy Solutions Ltd (CLEANMAX) has a market capitalisation of Rs 16,250 Cr. at the 2026-10-01 close.
What is the P/E ratio of Clean Max Enviro Energy Solutions Ltd?
Clean Max Enviro Energy Solutions Ltd trades at a P/E of 104 on trailing twelve-month profit, at the 2026-10-01 close.
What were Clean Max Enviro Energy Solutions Ltd's latest quarterly results?
In the Jun 2026 quarter, Clean Max Enviro Energy Solutions Ltd sales was Rs 832 Cr (+107.0% vs Jun 2025) and net profit was Rs 55 Cr.
What is the 52-week high and low of Clean Max Enviro Energy Solutions Ltd?
The 52-week high is Rs 1,536.00 and the 52-week low is Rs 727.10.