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 ₹ 8,833 Cr.
- Current Price ₹ 829
- High / Low ₹ 1,218 / 652
- Stock P/E 37.9
- Book Value ₹ 149
- Dividend Yield 0.72 %
- ROCE 20.7 %
- ROE 15.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.6%
Cons
- Promoter holding has decreased over last 3 years: -23.7%
* 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
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 241 | 393 | 419 | 512 | 685 | 936 | 791 | 967 | 957 | 982 | |
| 167 | 257 | 234 | 253 | 385 | 533 | 459 | 579 | 601 | 630 | |
| Operating Profit | 74 | 137 | 186 | 260 | 300 | 403 | 332 | 388 | 356 | 352 |
| OPM % | 31% | 35% | 44% | 51% | 44% | 43% | 42% | 40% | 37% | 36% |
| 5 | 11 | 11 | 25 | 30 | 30 | 41 | 39 | 32 | 41 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 8 | 11 | 14 | 17 | 25 | 36 | 46 | 69 | 78 | 80 |
| Profit before tax | 70 | 137 | 182 | 267 | 305 | 396 | 326 | 357 | 310 | 313 |
| Tax % | 30% | 28% | 23% | 26% | 25% | 25% | 25% | 26% | 26% | |
| 49 | 98 | 140 | 198 | 228 | 295 | 244 | 264 | 230 | 233 | |
| EPS in Rs | 345.41 | 689.84 | 1,051.67 | 18.68 | 21.51 | 27.78 | 22.97 | 24.88 | 21.61 | 21.92 |
| Dividend Payout % | 12% | 15% | 2% | 134% | 15% | 18% | 22% | 24% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 1% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | -8% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -10% |
| 3 Years: | -16% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 19% |
| Last Year: | 15% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 186 | 271 | 341 | 529 | 758 | 999 | 1,193 | 1,406 | 1,573 |
| 1 | 3 | 3 | 0 | 0 | 2 | 2 | 2 | 2 | |
| 48 | 53 | 85 | 120 | 156 | 140 | 191 | 181 | 184 | |
| Total Liabilities | 236 | 327 | 430 | 660 | 925 | 1,152 | 1,396 | 1,600 | 1,770 |
| 102 | 127 | 166 | 186 | 296 | 460 | 636 | 715 | 760 | |
| CWIP | 2 | 4 | 3 | 55 | 44 | 20 | 57 | 30 | 118 |
| Investments | 18 | 75 | 133 | 232 | 191 | 353 | 339 | 381 | 405 |
| 114 | 121 | 128 | 187 | 394 | 318 | 364 | 474 | 487 | |
| Total Assets | 236 | 327 | 430 | 660 | 925 | 1,152 | 1,396 | 1,600 | 1,770 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 45 | 85 | 160 | 193 | 127 | 279 | 236 | 214 | 275 | |
| -17 | -94 | -105 | -187 | -79 | -270 | -185 | -152 | -202 | |
| -5 | -11 | -55 | -6 | -0 | -55 | -53 | -53 | -64 | |
| Net Cash Flow | 23 | -20 | -0 | 0 | 49 | -45 | -2 | 9 | 8 |
| Free Cash Flow | 13 | 46 | 110 | 109 | -12 | 96 | 10 | 72 | 74 |
| CFO/OP | 91% | 88% | 109% | 100% | 65% | 93% | 94% | 80% | 103% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 55 | 61 | 53 | 82 | 57 | 76 | 77 | 79 |
| Inventory Days | 93 | 79 | 98 | 156 | 143 | 122 | 163 | 156 | 157 |
| Days Payable | 85 | 48 | 101 | 180 | 166 | 90 | 139 | 103 | 118 |
| Cash Conversion Cycle | 69 | 87 | 58 | 29 | 59 | 89 | 99 | 129 | 118 |
| Working Capital Days | 60 | 62 | 33 | 32 | 90 | 68 | 86 | 106 | 110 |
| ROCE % | 59% | 59% | 61% | 47% | 44% | 29% | 27% | 21% |
Insights
In beta| Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| India Revenue Share % ・Standalone data |
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| Performance Chemicals Segment Share % ・Standalone data |
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| Number of Manufacturing Units Count |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 Incorporation Of Clean Science International B.V. (Wholly Owned Subsidiary Of Clean Fino-Chem Limited)
- Clean Science International B.V. incorporated in Netherlands on 19-20 August 2026 as step-down subsidiary.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Enclosed is the copy of the post dispatched of Annual Report Newspaper Advertisement Published on 19th August, 2026.
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Notice Of 23Rd Annual General Meeting ('AGM') And Annual Report For The Financial Year 2025-26.
- 23rd AGM on 12 Sep 2026; annual report issued, dividend proposed, book closure 6-12 Sep.
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Business Responsibility and Sustainability Reporting (BRSR)
- Submitted FY 2025-26 BRSR and annual report; reports 3 plants, 67% exports, and ESG targets.
- Reg. 34 (1) Annual Report.
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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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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 Segments (FY26):[1][2]
a) Performance Chemicals (72%):
The company manufactures Monomethyl Ether of Hydroquinone (MEHQ), which is 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.
b) Pharma & Agro Intermediates (19%):
It manufactures Guaiacol (ranked 2nd globally & 1st in India), a precursor to manufacture APIs for cough syrup and key raw material to produce Vanillin, Dicyclohexyl Carbodiimide (ranked 2nd globally & 1st in India), used as a reagent in anti-retroviral, Veratrole (amongst largest in India), an intermediate in agrochemical industry and DHDT (No 1 in India), used as a reagent in anti-retroviral.
c) FMCG Chemicals (9%):
It manufactures 4-Methoxy Acetophenone (4-MAP) (No 1 globally), used in UV blockers in sunscreens, and Anisole (No 1 globally), used as a precursor to perfumes, insect pheromones, and pharmaceuticals. The majority of Anisole produced is used for captive consumption.