Clean Science & Technology Ltd
Incorporated in 2003, Clean Science and Technology Ltd is one of the leading chemical manufacturers globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole). [1]
- Market Cap ₹ 8,040 Cr.
- Current Price ₹ 757
- High / Low ₹ 1,600 / 652
- Stock P/E 32.0
- Book Value ₹ 155
- Dividend Yield 0.79 %
- ROCE 21.6 %
- ROE 16.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 20.1%
Cons
- The company has delivered a poor sales growth of 9.73% over past five years.
- Promoter holding has decreased over last 3 years: -27.2%
- Working capital days have increased from 127 days to 225 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 164 | 140 | 191 | 241 | 393 | 419 | 512 | 685 | 936 | 789 | 922 | 815 | |
| 106 | 92 | 118 | 168 | 256 | 234 | 253 | 385 | 533 | 452 | 523 | 463 | |
| Operating Profit | 58 | 48 | 72 | 73 | 137 | 186 | 260 | 300 | 403 | 338 | 400 | 353 |
| OPM % | 35% | 34% | 38% | 30% | 35% | 44% | 51% | 44% | 43% | 43% | 43% | 43% |
| 3 | 2 | 4 | 5 | 11 | 11 | 25 | 30 | 39 | 38 | 36 | 28 | |
| Interest | 3 | 3 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 5 | 6 | 6 | 8 | 11 | 14 | 17 | 25 | 36 | 44 | 44 | 44 |
| Profit before tax | 53 | 41 | 70 | 70 | 137 | 182 | 267 | 305 | 405 | 331 | 391 | 336 |
| Tax % | 34% | 34% | 33% | 30% | 28% | 23% | 26% | 25% | 25% | 25% | 25% | 25% |
| 35 | 27 | 47 | 49 | 98 | 140 | 198 | 229 | 304 | 248 | 292 | 251 | |
| EPS in Rs | 247.58 | 192.41 | 330.79 | 343.72 | 690.82 | 1,051.82 | 18.68 | 21.52 | 28.57 | 23.31 | 27.51 | 23.64 |
| Dividend Payout % | 10% | 13% | 12% | 12% | 15% | 2% | 134% | 15% | 18% | 21% | 22% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 10% |
| 3 Years: | -4% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 5% |
| 3 Years: | -6% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -19% |
| 1 Year: | -47% |
| Return on Equity | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 24% |
| 3 Years: | 20% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 76 | 99 | 143 | 186 | 271 | 341 | 529 | 758 | 1,008 | 1,205 | 1,446 | 1,635 |
| 20 | 12 | 0 | 1 | 3 | 3 | 0 | 0 | 1 | 1 | 1 | 1 | |
| 29 | 27 | 35 | 48 | 53 | 85 | 120 | 156 | 139 | 154 | 147 | 137 | |
| Total Liabilities | 127 | 139 | 179 | 236 | 328 | 430 | 660 | 925 | 1,159 | 1,371 | 1,605 | 1,784 |
| 60 | 64 | 77 | 101 | 126 | 166 | 186 | 296 | 427 | 401 | 364 | 340 | |
| CWIP | 0 | 0 | 2 | 1 | 4 | 3 | 55 | 44 | 4 | 2 | 4 | 4 |
| Investments | 1 | 1 | 32 | 18 | 76 | 134 | 233 | 247 | 428 | 666 | 907 | 1,155 |
| 65 | 75 | 68 | 115 | 122 | 127 | 187 | 338 | 300 | 302 | 330 | 285 | |
| Total Assets | 127 | 139 | 179 | 236 | 328 | 430 | 660 | 925 | 1,159 | 1,371 | 1,605 | 1,784 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 69 | 45 | 85 | 160 | 193 | 127 | 299 | 277 | 279 | 310 | |||
| -52 | -17 | -94 | -106 | -186 | -124 | -245 | -228 | -221 | -244 | |||
| -15 | -5 | -11 | -55 | -6 | -0 | -55 | -53 | -52 | -64 | |||
| Net Cash Flow | 2 | 23 | -20 | -1 | 1 | 4 | -0 | -3 | 6 | 3 | ||
| Free Cash Flow | -33 | 13 | 46 | 109 | 109 | -2 | 164 | 264 | 270 | 289 | ||
| CFO/OP | 124% | 91% | 88% | 109% | 100% | 65% | 98% | 105% | 94% | 114% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 68 | 41 | 60 | 55 | 61 | 53 | 82 | 58 | 75 | 73 | 67 |
| Inventory Days | 202 | 246 | 165 | 93 | 79 | 98 | 156 | 143 | 122 | 146 | 118 | 137 |
| Days Payable | 71 | 79 | 73 | 85 | 48 | 101 | 180 | 166 | 90 | 121 | 83 | 100 |
| Cash Conversion Cycle | 166 | 235 | 134 | 69 | 87 | 58 | 29 | 59 | 89 | 100 | 108 | 104 |
| Working Capital Days | 87 | 131 | 64 | 61 | 62 | 33 | 32 | 90 | 66 | 78 | 79 | 225 |
| ROCE % | 42% | 55% | 42% | 59% | 59% | 61% | 47% | 45% | 29% | 29% | 22% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Total Installed Manufacturing Capacity MTPA |
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| Actual Production Volume MT |
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| Capacity Utilization Rate % |
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| Global Market Share - FMCG Chemicals % |
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| Global Market Share - Performance Chemicals % |
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| HALS Sales Volume Tons |
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| Renewable Energy Share in Power Consumption % |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Annual Secretarial Compliance Report filed for FY ended 31 March 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 May - Enclosed is the Transcript of Earning Call held on 14.05.2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Enclosed is the Newspaper Publication of the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 May - Uploaded Q4 FY26 earnings conference call audio recording on 14 May 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
14 May - Investor presentation after making corrections in typographical errors.
Annual reports
Concalls
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May 2026Transcript PPT
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Jan 2024TranscriptPPTREC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT REC
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
Product Segment [1]
1) Performance Chemicals (69% in FY25 vs 69% in FY22): It manufactures Monomethyl Ether of Hydroquinone (MEHQ), used as a polymerization inhibitor in acrylic acids, acrylic esters, super absorbent polymers (diapers and sanitary pads), Butylated Hydroxy Anisole (BHA), used as anti-oxidant in food and feed industry, Ascorbyl Palmitate (AP), used in infant food formulations, breakfast cereals, and cosmetics, Tertiary Butyl Hydroquinone (TBHQ) used as a stabilizer in the oil industry and Hindered Amine light Stabilizers (HALS), used in water treatment and UV stabilization in a variety of polymers. TBHQ ranks 2nd globally, while the rest of the products are ranked no.1.