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 ₹ 14,119 Cr.
- Current Price ₹ 1,329
- High / Low ₹ 1,690 / 1,062
- Stock P/E 53.4
- Book Value ₹ 133
- Dividend Yield 0.38 %
- ROCE 27.2 %
- 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 24.3%
- Company has been maintaining a healthy dividend payout of 21.3%
Cons
- Stock is trading at 9.97 times its book value
- Working capital days have increased from 130 days to 235 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.
Peer comparison
Sector: Chemicals Industry: 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 | |
---|---|---|---|---|---|---|---|---|
241 | 393 | 419 | 512 | 685 | 936 | 791 | 967 | |
167 | 257 | 234 | 253 | 385 | 533 | 459 | 579 | |
Operating Profit | 74 | 137 | 186 | 260 | 300 | 403 | 332 | 388 |
OPM % | 31% | 35% | 44% | 51% | 44% | 43% | 42% | 40% |
5 | 11 | 11 | 25 | 30 | 30 | 41 | 39 | |
Interest | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
Depreciation | 8 | 11 | 14 | 17 | 25 | 36 | 46 | 69 |
Profit before tax | 70 | 137 | 182 | 267 | 305 | 396 | 326 | 357 |
Tax % | 30% | 28% | 23% | 26% | 25% | 25% | 25% | 26% |
49 | 98 | 140 | 198 | 228 | 295 | 244 | 264 | |
EPS in Rs | 345.41 | 689.84 | 1,051.67 | 18.68 | 21.51 | 27.78 | 22.97 | 24.88 |
Dividend Payout % | 12% | 15% | 2% | 134% | 15% | 18% | 22% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 12% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 5% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -8% |
1 Year: | -5% |
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 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 11 | 11 | 11 | 11 | 11 |
Reserves | 186 | 271 | 341 | 529 | 758 | 999 | 1,193 | 1,406 |
1 | 3 | 3 | 0 | 0 | 2 | 2 | 2 | |
48 | 53 | 85 | 120 | 156 | 140 | 191 | 189 | |
Total Liabilities | 236 | 327 | 430 | 660 | 925 | 1,152 | 1,396 | 1,608 |
102 | 127 | 166 | 186 | 296 | 460 | 636 | 715 | |
CWIP | 2 | 4 | 3 | 55 | 44 | 20 | 57 | 30 |
Investments | 18 | 75 | 133 | 232 | 191 | 353 | 339 | 381 |
114 | 121 | 128 | 187 | 394 | 318 | 363 | 482 | |
Total Assets | 236 | 327 | 430 | 660 | 925 | 1,152 | 1,396 | 1,608 |
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 | 237 | ||
-17 | -94 | -105 | -187 | -79 | -270 | -186 | ||
-5 | -11 | -55 | -6 | -0 | -55 | -53 | ||
Net Cash Flow | 23 | -20 | -0 | 0 | 49 | -45 | -2 |
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 | 143 | 103 |
Cash Conversion Cycle | 69 | 87 | 58 | 29 | 59 | 89 | 96 | 129 |
Working Capital Days | 60 | 64 | 35 | 32 | 90 | 68 | 86 | 235 |
ROCE % | 59% | 59% | 61% | 47% | 44% | 30% | 27% |
Documents
Announcements
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Submission Of Audio/Video Recording Of Earnings Conference Call
30m - Uploaded Q4 and FY 2025 earnings call audio recording on company website.
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Announcement under Regulation 30 (LODR)-Dividend Updates
2h - Clean Science reports FY25 audited results; recommends Rs.4/share final dividend; re-appoints two Whole Time Directors.
- Announcement under Regulation 30 (LODR)-Investor Presentation 5h
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Appointment Of J B Bhave & Co., Company Secretaries, Pune As Secretarial Auditors
6h - Clean Science reports FY25 audited results; recommends Rs.4/share final dividend; reappoints two whole-time directors.
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Announcement under Regulation 30 (LODR)-Change in Directorate
6h - FY25 audited results approved; Rs.4 final dividend recommended; two directors re-appointed; secretarial auditor appointed.
Annual reports
Concalls
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May 2025TranscriptNotesPPT
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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 2024TranscriptNotesPPTREC
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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 Portfolio[1]
Company has the largest capacity in the world for their flagship products.
Performance Chemicals
1. MEHQ No.1 in world.
Used as polymerization inhibitor in acrylic acids, acrylic esters, super absorbent polymers (diapers and sanitary pads),Pre-cursor for agrochemical industry.
2. BHA No.1 in world
Used as anti-oxidant in food and feed industry
3. AP No.1 in world
Used in infant food formulations, breakfast cereals and cosmetics
4. TBHQ No.2 in World
Stabilizer in oil industry
5. HALS No.1 in India
HALS 701 is used in water treatment
HALS 770 is used for UV stabilization in a variety of polymers
Pharma & agro Intermediates
1. Guaiacol : No.1 in India & No.2 in World
Pre-cursor to manufacture APIs for cough syrup
Key raw material to produce Vanillin
2. DCC (Dicyclohexyl Carbodiimide) No.1 in India & No.2 in World
Used as reagent in anti-retroviral
3. p-BQ (Para Benzoquinone) No.1 in India & No.2 in World
Intermediate in agrochemical industry
FMCG Chemicals
1. 4-MAP No.1 in world
Used in UV blocker in sunscreens
2. Anisole : No.1 in world
Precursor to perfumes, insect pheromones, pharmaceuticals
Majority of Anisole produced is used for captive consumption