Clean Science & Technology Ltd

Clean Science & Technology Ltd

₹ 1,466 -0.17%
26 Feb - close price
About

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]

Key Points

Product Segments & Revenue split FY22
Performance chemicals (70%): 4 key products are MEHQ, BHA, AP and TBHQ. [1]

  • Market Cap 15,571 Cr.
  • Current Price 1,466
  • High / Low 1,622 / 1,227
  • Stock P/E 61.2
  • Book Value 103
  • Dividend Yield 0.34 %
  • ROCE 44.5 %
  • ROE 33.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 43.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%
  • Company has been maintaining a healthy dividend payout of 55.6%

Cons

  • Stock is trading at 14.3 times its book value

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
125 134 146 153 181 205 234 248 237 217 188 181 195
63 64 75 84 105 121 143 150 129 112 112 106 108
Operating Profit 63 70 71 69 76 84 91 97 108 105 76 75 87
OPM % 50% 52% 49% 45% 42% 41% 39% 39% 46% 48% 40% 41% 44%
7 6 7 9 7 7 2 3 13 13 13 6 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 4 6 6 6 7 8 9 9 10 11 11 11
Profit before tax 65 71 72 71 78 84 85 92 112 108 79 69 83
Tax % 24% 26% 24% 25% 25% 26% 26% 26% 25% 25% 25% 25% 25%
49 53 55 54 58 62 63 68 84 81 59 52 63
EPS in Rs 369.59 5.00 5.14 5.04 5.46 5.87 5.92 6.40 7.89 7.58 5.55 4.91 5.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
241 393 419 512 685 936 781
167 257 234 253 385 533 438
Operating Profit 74 137 186 260 300 403 343
OPM % 31% 35% 44% 51% 44% 43% 44%
5 11 11 25 30 30 40
Interest 1 0 0 0 0 1 0
Depreciation 8 11 14 17 25 36 43
Profit before tax 70 137 182 267 305 396 339
Tax % 30% 28% 23% 26% 25% 25%
49 98 140 198 228 295 254
EPS in Rs 345.41 689.84 1,051.67 18.68 21.51 27.78 23.93
Dividend Payout % 12% 15% 2% 134% 15% 18%
Compounded Sales Growth
10 Years: %
5 Years: 31%
3 Years: 31%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: 43%
3 Years: 28%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 5%
Return on Equity
10 Years: %
5 Years: 38%
3 Years: 36%
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 11 11 11 11
Reserves 186 271 341 529 758 999 1,080
1 3 3 0 0 2 3
48 53 85 120 156 140 137
Total Liabilities 236 327 430 660 925 1,152 1,231
102 127 166 186 296 460 452
CWIP 2 4 3 55 44 20 139
Investments 18 75 133 232 191 353 343
114 121 128 187 394 318 297
Total Assets 236 327 430 660 925 1,152 1,231

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 85 160 193 127 279
-17 -94 -105 -187 -79 -270
-5 -11 -55 -6 -0 -55
Net Cash Flow 23 -20 -0 0 49 -45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 60 55 61 53 82 57
Inventory Days 93 79 98 156 143 122
Days Payable 85 48 101 180 166 90
Cash Conversion Cycle 69 87 58 29 59 89
Working Capital Days 60 64 35 32 90 68
ROCE % 59% 59% 61% 47% 44%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
94.65% 78.51% 78.51% 78.51% 78.51% 78.50% 78.50% 78.50% 74.98% 74.98% 74.98%
0.00% 3.88% 5.05% 5.18% 4.43% 4.43% 3.99% 3.99% 5.84% 6.01% 5.92%
0.77% 4.73% 4.28% 4.02% 4.51% 4.48% 4.65% 4.76% 6.41% 5.23% 5.13%
4.58% 12.88% 12.16% 12.29% 12.55% 12.58% 12.86% 12.74% 12.78% 13.79% 13.98%
No. of Shareholders 312,44,3362,42,6422,63,5932,70,4462,70,6162,75,1022,70,8232,66,9712,85,2592,78,653

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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