Clean Science & Technology Ltd

Clean Science & Technology Ltd

₹ 1,485 2.12%
03 Jul - 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 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.

  • Market Cap 15,798 Cr.
  • Current Price 1,485
  • High / Low 1,690 / 1,062
  • Stock P/E 59.8
  • Book Value 133
  • Dividend Yield 0.34 %
  • 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 11.1 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
205 234 248 237 217 188 181 195 228 224 238 241 264
121 143 150 129 112 112 106 108 133 129 148 142 159
Operating Profit 84 91 97 108 105 76 75 87 95 95 90 98 105
OPM % 41% 39% 39% 46% 48% 40% 41% 44% 42% 42% 38% 41% 40%
7 2 3 13 13 13 6 8 14 10 11 5 12
Interest 0 0 0 0 0 0 0 0 1 0 0 0 0
Depreciation 7 8 9 9 10 11 11 11 13 16 18 18 17
Profit before tax 84 85 92 112 108 79 69 83 95 89 83 85 100
Tax % 26% 26% 26% 25% 25% 25% 25% 25% 26% 26% 29% 23% 26%
62 63 68 84 81 59 52 63 70 66 59 66 74
EPS in Rs 5.87 5.92 6.40 7.89 7.58 5.55 4.91 5.89 6.61 6.20 5.53 6.18 6.97
Raw PDF

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: 1%
1 Year: -1%
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
78.51% 78.50% 78.50% 78.50% 74.98% 74.98% 74.98% 74.98% 74.98% 74.97% 74.97% 74.96%
4.43% 4.43% 3.99% 3.99% 5.84% 6.01% 5.92% 5.88% 6.05% 5.83% 5.98% 6.07%
4.51% 4.48% 4.65% 4.76% 6.41% 5.23% 5.13% 5.04% 4.55% 4.77% 5.46% 5.77%
12.55% 12.58% 12.86% 12.74% 12.78% 13.79% 13.98% 14.11% 14.42% 14.43% 13.59% 13.21%
No. of Shareholders 2,70,4462,70,6162,75,1022,70,8232,66,9712,85,2592,78,6532,79,3952,73,8412,54,6292,46,7982,37,016

* 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.

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