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 ₹ 13,857 Cr.
- Current Price ₹ 1,305
- High / Low ₹ 1,690 / 1,062
- Stock P/E 51.6
- 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 9.79 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
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 | 986 | |
167 | 257 | 234 | 253 | 385 | 533 | 459 | 579 | 593 | |
Operating Profit | 74 | 137 | 186 | 260 | 300 | 403 | 332 | 388 | 393 |
OPM % | 31% | 35% | 44% | 51% | 44% | 43% | 42% | 40% | 40% |
5 | 11 | 11 | 25 | 30 | 30 | 41 | 39 | 42 | |
Interest | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
Depreciation | 8 | 11 | 14 | 17 | 25 | 36 | 46 | 69 | 72 |
Profit before tax | 70 | 137 | 182 | 267 | 305 | 396 | 326 | 357 | 363 |
Tax % | 30% | 28% | 23% | 26% | 25% | 25% | 25% | 26% | |
49 | 98 | 140 | 198 | 228 | 295 | 244 | 264 | 269 | |
EPS in Rs | 345.41 | 689.84 | 1,051.67 | 18.68 | 21.51 | 27.78 | 22.97 | 24.88 | 25.27 |
Dividend Payout % | 12% | 15% | 2% | 134% | 15% | 18% | 22% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 12% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 5% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -9% |
1 Year: | -11% |
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 | 214 | |
-17 | -94 | -105 | -187 | -79 | -270 | -186 | -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 | 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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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Jul - Q1 FY26 earnings: record 46% EBITDA margin, steady sales, HALS near breakeven, INR80 Cr capex, promoter stake reducing to ~51%.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Jul - Copy of Newspaper Publication of the unaudited financial results for the Q1FY26.
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Submission Of Audio/Video Recording Of Earnings Conference Call Of The Q1 FY26
17 Jul - Uploaded Q1 FY26 earnings call audio recording on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
17 Jul - Investor Presentation for the Quarter ended 30.06.2025 is enclosed.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, ('SEBI Listing Regulations, 2015').
17 Jul - Promoters intend possible minority stake sale, retaining majority control above 50% shareholding.
Annual reports
Concalls
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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 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 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.