CLEAN MAX ENVIRO EN SOL L CLEANMAX NSEINFRA
Clean Max Enviro Energy Solutions Limited engages in development and maintenance of renewable energy projects, such as solar and wind power solutions for commercial and industrial customers. The company operates in 2 segments, Renewable Energy Power Sales Segment and Renewable Energy Services Segment. The company delivers renewable energy through wind and solar farms, rooftop and ground-mounted solar projects, and solar carports. It offers turnkey engineering, procurement, and construction services, including project design, regulatory approvals, installation, and ongoing operation and maintenance. Clients can procure green energy via long-term power purchase agreements, open access solar and wind farms, and group captive projects. The company supplies renewable energy certificates, supports carbon projects, and provides hybrid clean energy solutions, distributed solar, and technologies such as solar trackers, robotic cleaning, and remote monitoring. The company serves commercial and industrial clients in sectors including automotive, education, pharmaceuticals, fast-moving consumer goods, information technology, data centers, textiles, and chemicals across India, the Middle East, and Southeast Asia. The company was incorporated in 2010 and is headquartered in Mumbai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 26.9% over 5 years.
- Profit CAGR of 81.4% over 5 years.
CONS
- Trading at a high P/E of 123.5.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CLEANMAX CLEAN MAX ENVIRO EN SOL L NSEINFRA | 1,109.90 | 123.46 | ₹12,994.62 Cr | - | 5.12% | 1.96% | 26.88% | 81.41% |
| 2 | ADANIPOWER Adani Power Limited NSEINFRA | 243.37 | 36.76 | ₹4.69 L Cr | - | 15.47% | 20.91% | 12.57% | 6.16% |
| 3 | NTPC NTPC Limited NIFTY50NSEINFRAPSU | 386.90 | 12.71 | ₹3.75 L Cr | 2.93% | 9.27% | 13.69% | 2.49% | 16.95% |
| 4 | POWERGRID Power Grid Corporation of India Limited NIFTY50NSEAIINFRAPSU | 290.55 | 14.45 | ₹2.70 L Cr | 4.22% | 10.70% | 16.49% | 2.02% | 1.09% |
| 5 | ADANIGREEN Adani Green Energy Limited NSEINFRA | 1,475.40 | 153.85 | ₹2.43 L Cr | - | 6.51% | 7.58% | 18.47% | 19.26% |
| 6 | ADANIENSOL Adani Energy Solutions Limited NSEINFRA | 1,513.30 | 81.32 | ₹1.82 L Cr | - | 8.72% | 9.66% | 28.29% | 22.02% |
| 7 | ENRIN Siemens Energy India Limited NSEINFRA | 3,872.10 | 105.28 | ₹1.38 L Cr | 0.10% | 29.23% | - | 63.51% | 83.35% |
| 8 | TATAPOWER Tata Power Company Limited NSEAIINFRA | 420.75 | 35.96 | ₹1.34 L Cr | 0.59% | 8.76% | 11.34% | 4.88% | 3.95% |
| 9 | JSWENERGY JSW Energy Limited NIFTY_MIDNSEINFRA | 595.05 | 46.74 | ₹1.09 L Cr | 0.34% | 7.51% | 8.82% | 24.01% | 14.86% |
Quarterly Results
Figures in INR.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue | 441.71 Cr | 554.55 Cr |
| Cost of Revenue | 155.25 Cr | 181.49 Cr |
| Gross Profit | 286.46 Cr | 373.07 Cr |
| Operating Expenses | 110.63 Cr | 202.13 Cr |
| Operating Income | 175.83 Cr | 170.94 Cr |
| EBITDA | 310.78 Cr | 352.11 Cr |
| Interest Expense | 203.64 Cr | 180.18 Cr |
| Pretax Income | 26.20 Cr | 75.25 Cr |
| Tax Provision | 8.98 Cr | 29.86 Cr |
| Net Income | 22.01 Cr | 55.42 Cr |
| Diluted EPS | 1.88 | 5.02 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 928.57 Cr | 1,389.58 Cr | 1,483.90 Cr | 1,896.78 Cr |
| Cost of Revenue | 427.46 Cr | 451.44 Cr | 409.96 Cr | 501.40 Cr |
| Gross Profit | 501.11 Cr | 938.14 Cr | 1,073.94 Cr | 1,395.37 Cr |
| Operating Expenses | 235.97 Cr | 452.02 Cr | 473.50 Cr | 643.06 Cr |
| Operating Income | 265.14 Cr | 486.11 Cr | 600.44 Cr | 752.31 Cr |
| EBITDA | 307.21 Cr | 711.62 Cr | 1,022.62 Cr | 1,300.82 Cr |
| Interest Expense | 207.78 Cr | 483.90 Cr | 662.89 Cr | 785.92 Cr |
| Pretax Income | -16.16 Cr | 6.20 Cr | 59.75 Cr | 134.98 Cr |
| Tax Provision | 43.32 Cr | 43.84 Cr | 40.32 Cr | 49.40 Cr |
| Net Income | -65.27 Cr | -30.99 Cr | 27.84 Cr | 94.13 Cr |
| Diluted EPS | -5.57 | -2.65 | 2.38 | - |
Compounded Sales Growth
| 5 Years: | 26.88% |
| 1 Year: | 25.10% |
Compounded Profit Growth
| 5 Years: | 81.41% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +27.94% |
| 6 Months: | - |
| 3 Months: | - |
| 1 Month: | +3.64% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Total Assets | 7,000.14 Cr | 9,076.55 Cr | 13,279.25 Cr | 23,098.28 Cr |
| Current Assets | 959.44 Cr | 1,006.61 Cr | 1,869.17 Cr | 3,405.12 Cr |
| Cash & Equivalents | 113.17 Cr | 49.62 Cr | 328.58 Cr | 1,201.96 Cr |
| Inventory | 76.75 Cr | 39.96 Cr | 52.08 Cr | 39.95 Cr |
| Receivables | 169.41 Cr | 251.75 Cr | 188.07 Cr | 277.88 Cr |
| Total Liabilities | 5,531.38 Cr | 6,842.57 Cr | 10,074.48 Cr | 17,574.74 Cr |
| Current Liabilities | 1,629.26 Cr | 1,285.44 Cr | 2,450.57 Cr | 5,129.21 Cr |
| Long Term Debt | 3,618.52 Cr | 5,195.41 Cr | 7,126.84 Cr | 11,312.42 Cr |
| Total Debt | 3,875.24 Cr | 5,570.43 Cr | 8,087.19 Cr | 12,684.31 Cr |
| Total Equity | 1,210.74 Cr | 1,833.47 Cr | 2,563.48 Cr | 4,638.27 Cr |
| Shares Outstanding | 11.71 Cr | 11.71 Cr | 11.71 Cr | 11.71 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating Cash Flow | 927.65 Cr | 86.28 Cr | 1,404.20 Cr | 1,731.24 Cr |
| Investing Cash Flow | -3,010.76 Cr | -1,938.60 Cr | -3,617.05 Cr | -5,957.47 Cr |
| Financing Cash Flow | 2,144.33 Cr | 1,788.78 Cr | 2,481.24 Cr | 5,095.40 Cr |
| Capital Expenditure | -2,845.59 Cr | -1,866.13 Cr | -2,910.62 Cr | -5,754.32 Cr |
| Free Cash Flow | -1,917.94 Cr | -1,779.86 Cr | -1,506.42 Cr | -4,023.08 Cr |
| Net Change in Cash | 61.21 Cr | -63.55 Cr | 268.39 Cr | 869.17 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Gross Margin % | 54.0% | 67.5% | 72.4% | 73.6% |
| Operating Margin % | 28.6% | 35.0% | 40.5% | 39.7% |
| Net Margin % | -7.0% | -2.2% | 1.9% | 5.0% |
| ROE % | -5.4% | -1.7% | 1.1% | 2.0% |
| ROCE % | 4.9% | 6.2% | 5.5% | 4.2% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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