Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Clean Max Enviro Energy Solutions Ltd

₹ 838 0.40%
24 Mar - close price
Company website BSE: 544717 NSE: CLEANMAX
About

The company is India’s largest Commercial & Industrial (C&I) renewable energy provider, with over 15 years of operating history.[1]

Key Points

Market Leadership[1][2]
CleanMax Enviro Energy Solutions is India’s largest C&I renewable energy provider with 2.80 GW operational capacity, 555 customers, and 8% market share in FY25 open access additions, leading geographically across states.

Website BSE NSE
  • Market Cap ₹ 9,812 Cr.
  • Current Price ₹ 838
  • High / Low ₹ 960 / 762
  • Stock P/E 21.1
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 12.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 195% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.9% over last 3 years.
  • Contingent liabilities of Rs.3,552 Cr.
  • Earnings include an other income of Rs.189 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2024 Jun 2025 Sep 2025 Dec 2025
639 1,128 1,458 1,521
488 953 1,131 1,146
Operating Profit 151 175 327 375
OPM % 24% 16% 22% 25%
48 62 91 91
Interest 46 52 87 95
Depreciation 10 10 12 14
Profit before tax 142 174 319 357
Tax % 27% 23% 25% 24%
104 134 239 270
EPS in Rs 205.73 26.33 23.56 26.28
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
387 812 927 2,776 2,106 2,270
358 745 831 2,423 1,655 1,841
Operating Profit 29 67 97 354 452 429
OPM % 8% 8% 10% 13% 21% 19%
15 19 30 -23 122 189
Interest 29 25 28 103 155 190
Depreciation 13 12 13 18 30 39
Profit before tax 2 49 86 209 389 389
Tax % 26% 25% 27% 37% 27% 23%
1 37 62 132 282 298
EPS in Rs 19.48 487.66 171.92 363.90 641.96 587.78
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 42%
3 Years: 35%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 195%
3 Years: 62%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 13%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.75 0.76 4 4 4
Reserves 846 158 1,401 1,550 2,474
208 161 183 984 1,179
265 1,109 628 1,511 1,273
Total Liabilities 1,319 1,429 2,216 4,049 4,929
229 233 282 335 707
CWIP 10 0 12 360 88
Investments 556 545 754 1,509 2,041
524 651 1,169 1,846 2,093
Total Assets 1,319 1,429 2,216 4,049 4,929

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
34 125 18 947 58
-218 -32 -474 -1,553 -707
207 -68 437 597 636
Net Cash Flow 23 24 -18 -9 -13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 53 107 145 60 111
Inventory Days
Days Payable
Cash Conversion Cycle 53 107 145 60 111
Working Capital Days 71 13 58 -88 -28
ROCE % 11% 13% 19% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2026
49.48%
29.94%
15.29%
5.31%
No. of Shareholders 34,276

* 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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Documents

Announcements

Annual reports

No data available.

DRHP

Credit ratings

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