Clean MAX Enviro EN SOL L
NSE: CLEANMAX · Power Generation · sector
₹1,161.20NSE close 2026-10-26
Key numbers
Market cap₹13,612 cr
Price₹1,161.20
52w high / low₹1,536 / ₹727
P/E127.6xSector median 18.7x
P/B2.9xSector median 1.5x
Book value₹395.7
Dividend yield–Sector median 1.39%
ROE2.0%Sector median 4.5%
ROCE5.4%Sector median 6.2%
OPM59.2%Sector median 33.3%
Debt / equity2.68xSector median 0.90x
EV/EBITDA21.0xSector median 9.8x
Interest cover1.2x
Current ratio0.66x
Sales growth 3y–Sector median +3.1%
Profit growth 3y–Sector median +19.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,288 cr vs borrowings ₹12,411 cr (FY26): borrowings are higher by ₹10,123 cr.
- Operating profit covered interest 1.2x in the last 12 months.
- 9.45% of the promoters' shares are pledged (4.7% of all shares).
- Other income was 172% of net profit in the last 12 months.
- No dividend in the last 1 financial years.
- Price ₹1,161.20 on 2026-10-26: -24.4% from the 52-week high, +59.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,491.40 · low ₹829.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Revenue | 422 | 557 | 832 |
| EBITDA | 263 | 268 | 421 |
| OPM % | 62.3% | 48.0% | 50.6% |
| Other income | 44 | 82 | 42 |
| Net profit | 28 | 55 | 49 |
| EPS (₹) | 2.70 | 5.31 | 4.14 |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 1,913 | 1,913 |
| EBITDA | 1,132 | 1,132 |
| Net profit | 94 | 94 |
| EPS (₹) | 9.10 | 9.10 |
| Dividend / share (₹) | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 4,638 |
| Borrowings | 12,411 |
| Cash & equivalents | 2,288 |
| Total assets | 23,098 |
| Fixed assets | 11,745 |
| Capital work in progress | 5,339 |
| Investments | 102 |
| Receivables | 278 |
| Inventory | 40 |
| Payables | 1,750 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | 1,731 |
| Cash from investing | -5,957 |
| Cash from financing | 5,095 |
| Capex | 5,754 |
| Free cash flow | -4,023 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | 2.0% |
| ROCE % | 5.4% |
| Debtor days | 53 |
| Inventory days | 29 |
| Payable days | 1,274 |
| Cash conversion cycle (days) | -1,192 |
| Working capital days | -329 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 49.28% |
| FIIs | 13.88% |
| DIIs | 19.44% |
| of which Mutual funds | 6.19% |
| of which Insurance | 6.61% |
| Government | 0.00% |
| Public (non-institutions) | 17.40% |
| Quarter | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|
| Promoters % | 49.48% | 49.48% | 49.42% | 49.28% |
| Promoter group | % |
|---|---|
| BGTF One Holdings (DIFC) Limited | 21.22% |
| Kempinc LLP | 11.05% |
| Rikhab Investments B.V. | 8.33% |
| Kuldeep Jain | 8.20% |
| Nidhi Jain | 0.43% |
| Pratap Rikhablal Jain | 0.04% |
| Manohar Singh Jain . | 0.00% |
| Manisha Shailesh Mehta | 0.00% |
| Dheer Jain | 0.00% |
| Dhruv Jain | 0.00% |
| Kusum Lata Jain | 0.00% |
| Amit Jain | 0.00% |
| Anuj Jain | 0.00% |
| Rajmani Pratap Jain | 0.00% |
| Bhagwati Lal Jain | 0.00% |
| Public holders above 1% | % |
|---|---|
| Jongsong Investments Pte Ltd | 6.14% |
| Gss India Opportunities Aif - Scheme I | 4.04% |
| Sbi Life Insurance Co. Ltd | 3.75% |
| Zulia Investments Pte. Ltd. | 2.92% |
| Augment India I Holdings Llc | 2.24% |
| Indiafirst Life Insurance Co Ltd | 1.66% |
| Steadview Capital Mauritius Limited | 1.13% |
| Icici Prudential Life Insurance Company Limited | 1.07% |
| Panvira India Innovation Fund | 1.01% |
29,563 shareholders. Pledged: 9.45% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| NAVA | ₹13,449 cr | 17.8x | 1.5x | 9.2% | 13.3% | 38.4% | +6.7% | 3.68% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Segment A - Renewable Energy Power Sales | ₹1,400 cr | 73.2% | ₹546 cr | 39.0% |
| Segment B - Renewable Energy Services | ₹497 cr | 26.0% | ₹59 cr | 11.8% |
| Other unallocable | ₹16 cr | 0.8% | ₹-90 cr | -557.6% |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | CLEANMAX |
| BSE code | 544717 |
| ISIN | INE647U01026 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.