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NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
CLEAN MAX ENVIRO EN SOL L

CLEAN MAX ENVIRO EN SOL L

NSE: CLEANMAX
Utilities - RenewableUtilitiesMID CAPMCap ₹15.01k Cr
₹1,276.00₹20.50 (+1.63%)

Market Closed • NSE

Market cap₹15.01k Cr
Enterprise value₹27.19k Cr
P/E TTM93.48
Forward P/E40.62
P/B3.22
EPS TTM₹13.65
Forward EPS₹31.41
D/E2.32
Dividend yield0.00%
52W high₹1,536.00
52W low₹727.10
Price chart(1Y)
1Y Return:+1.86% (+₹23.30)
H: ₹1,536L: ₹1,171
1W-1.55%
1M-1.17%
3M-6.54%
6M+21.02%
Today at a glance

Day range

₹1,240.60₹1,292.70

52 week range

₹727.10₹1,536.00
Volume230.9K0.19x 20D avg
Free float50.00%-81.30% volume

CLEAN MAX ENVIRO EN SOL L closed at INR1276.00 (+1.63%) on volume 0.19x its 20-day average, trading 16.93% below its 52-week high.

Technical analysis
RSI (14)43.6Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹63.71High
SMA 20₹1,338.86BEARISH
SMA 50₹1,311.80BEARISH
SMA 100₹1,310.26BEARISH
SMA 200—N/A
CPR bottom₹1,274.15
Pivot₹1,267.93
CPR top₹1,261.72
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -12.5% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹12.68k Cr₹15.01k Cr84.53%≤ 33%FAIL
Non-halal income ratio–₹1.90k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹21.90k Cr₹23.10k Cr94.80%≥ 20%PASS
Receivables ratio–₹23.10k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E93.4821.10
Forward P/E40.62—
P/B3.221.70
EV/EBITDA—18.00
PEG—1.50
Earnings yield1.104.70
Growth & profitability
RevenuePAT
FY23PAT margin -7.00%
FY24PAT margin -2.20%
FY25PAT margin 1.90%
FY26PAT margin 5.00%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+10.90%
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin36.81%
Net margin6.69%
Financial health & cash flow
Net debt₹11.48k CrModerate
Interest coverage1.00xEBIT / interest
CFO / PAT25.71x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹1.73k Cr
Capital expenditure–
Free cash flow₹-402308.1 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall35/100
Valuation35/100
Profitability50/100
Financial health20/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 25.71x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 2.32x

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 93.5x

Bull case

Market Leadership: Established operational scale in Utilities - Renewable.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)45.44%-2.44% latest vs average
Highest delivery67.64%on 15 Oct
Average volume (20D)1.23MTrading-session average
Conviction trendWeakening-2.44% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Adani Power Limited
Adani Power LimitedADANIPOWER
Open analysis
₹3.78L26.500.00%₹18,902.00₹4,867.00+33.97%+47.26%
NTPC Limited
NTPC LimitedNTPC
Open analysis
₹3.06L11.013.93%₹50,741.00₹6,896.00+7.81%+12.90%
Power Grid Corporation of India Limited
Power Grid Corporation of India LimitedPOWERGRID
Open analysis
₹2.33L14.653.60%₹9,795.00₹3,411.00-1.34%-6.62%
Adani Green Energy Limited
Adani Green Energy LimitedADANIGREEN
Open analysis
₹2.14L124.710.00%₹4,431.00₹983.00+16.61%+19.30%
Adani Energy Solutions Limited
Adani Energy Solutions LimitedADANIENSOL
Open analysis
₹1.67L56.210.00%₹9,711.00₹1,237.00+42.41%+129.50%
The Tata Power Company Limited
The Tata Power Company LimitedTATAPOWER
Open analysis
₹1.13L29.320.71%₹19,051.00₹1,401.00+5.63%+11.01%
GAIL (India) Limited
GAIL (India) LimitedGAIL
Open analysis
₹1.11L11.183.25%₹41,198.00₹4,671.00+16.67%+96.10%
Siemens Energy India Limited
Siemens Energy India LimitedENRIN
Open analysis
₹1.03L69.130.14%₹2,485.60₹440.90+39.28%+67.83%
About CLEAN MAX ENVIRO EN SOL L
CLEAN MAX ENVIRO EN SOL L

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.

IndiaUtilities

Questions investors ask
Is CLEAN MAX ENVIRO EN SOL L Shariah compliant?

CLEAN MAX ENVIRO EN SOL L is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (84.53%) exceeds AAOIFI threshold (≤ 33%).

What is CLEAN MAX ENVIRO EN SOL L's current valuation relative to peers?

CLEAN MAX ENVIRO EN SOL L trades at a P/E of 93.5x compared to the sector median of 21.1x, and a Price-to-Book of 3.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 2.32x. Interest coverage is 1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.