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 ₹ 9,087 Cr.
- Current Price ₹ 855
- High / Low ₹ 1,600 / 834
- Stock P/E 34.3
- Book Value ₹ 141
- Dividend Yield 0.70 %
- ROCE 27.3 %
- ROE 20.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.2%
- Company has been maintaining a healthy dividend payout of 21.3%
Cons
- Promoter holding has decreased over last 3 years: -27.5%
* 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE 500 Nifty 500 BSE MidCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 241 | 393 | 419 | 512 | 685 | 936 | 791 | 967 | 992 | |
| 167 | 257 | 234 | 253 | 385 | 533 | 459 | 579 | 602 | |
| Operating Profit | 74 | 137 | 186 | 260 | 300 | 403 | 332 | 388 | 390 |
| OPM % | 31% | 35% | 44% | 51% | 44% | 43% | 42% | 40% | 39% |
| 5 | 11 | 11 | 25 | 30 | 30 | 41 | 39 | 38 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 8 | 11 | 14 | 17 | 25 | 36 | 46 | 69 | 73 |
| Profit before tax | 70 | 137 | 182 | 267 | 305 | 396 | 326 | 357 | 354 |
| Tax % | 30% | 28% | 23% | 26% | 25% | 25% | 25% | 26% | |
| 49 | 98 | 140 | 198 | 228 | 295 | 244 | 264 | 265 | |
| EPS in Rs | 345.41 | 689.84 | 1,051.67 | 18.68 | 21.51 | 27.78 | 22.97 | 24.88 | 24.96 |
| Dividend Payout % | 12% | 15% | 2% | 134% | 15% | 18% | 22% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 12% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 5% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -16% |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 24% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 186 | 271 | 341 | 529 | 758 | 999 | 1,193 | 1,406 | 1,489 |
| 1 | 3 | 3 | 0 | 0 | 2 | 2 | 2 | 2 | |
| 48 | 53 | 85 | 120 | 156 | 140 | 191 | 181 | 182 | |
| Total Liabilities | 236 | 327 | 430 | 660 | 925 | 1,152 | 1,396 | 1,600 | 1,684 |
| 102 | 127 | 166 | 186 | 296 | 460 | 636 | 715 | 689 | |
| CWIP | 2 | 4 | 3 | 55 | 44 | 20 | 57 | 30 | 98 |
| Investments | 18 | 75 | 133 | 232 | 191 | 353 | 339 | 381 | 432 |
| 114 | 121 | 128 | 187 | 394 | 318 | 364 | 474 | 466 | |
| Total Assets | 236 | 327 | 430 | 660 | 925 | 1,152 | 1,396 | 1,600 | 1,684 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 45 | 85 | 160 | 193 | 127 | 279 | 236 | 214 | |
| -17 | -94 | -105 | -187 | -79 | -270 | -185 | -152 | |
| -5 | -11 | -55 | -6 | -0 | -55 | -53 | -53 | |
| Net Cash Flow | 23 | -20 | -0 | 0 | 49 | -45 | -2 | 10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 55 | 61 | 53 | 82 | 57 | 76 | 77 |
| Inventory Days | 93 | 79 | 98 | 156 | 143 | 122 | 163 | 156 |
| Days Payable | 85 | 48 | 101 | 180 | 166 | 90 | 139 | 103 |
| Cash Conversion Cycle | 69 | 87 | 58 | 29 | 59 | 89 | 99 | 129 |
| Working Capital Days | 60 | 62 | 33 | 32 | 90 | 68 | 86 | 105 |
| ROCE % | 59% | 59% | 61% | 47% | 44% | 29% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Jan - A conference call for analysts and investors has been scheduled on Saturday, 31st January, 2026 at 4:00 P.M. (IST) to discuss the unaudited financial results …
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Board Meeting Intimation for Prior Intimation Of The Board Meeting To Consider Un-Audited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended 31St December, 2025 And Interim Dividend For FY 2025-26.
15 Jan - Board meeting on 31 Jan 2026 to approve Q3/9M results; possible interim dividend; record date 6 Feb 2026.
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Intimation Under Regulation 30 Of SEBI Listing Regulations, 2015, Investment In Clean Fino-Chem Limited - Wholly Owned Subsidiary
8 Jan - Subscribed 836,121 shares at Rs10 face, Rs588 premium; Rs50,00,00,358 invested on 8 Jan 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jan
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Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 Regarding Resignation Of Mr. Parth Ashok Maheshwari From (DIN: 09774080) The Position Of Director Of Clean Fino-Chem Limited (Wholly Owned Subsidiary) W.E.F. 1St January, 2026 From The Closing Of Business Hours.
2 Jan - Parth Maheshwari resigned as director of Clean Fino-Chem Ltd effective Jan 1, 2026; no material reasons.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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Feb 2024Transcript PPT REC
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Jan 2024TranscriptAI SummaryPPTREC
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Nov 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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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.