Clean Max Enviro Energy Solutions

CLEANMAX · NSE

— · —

₹1,382.4

Closing price — 29 Sept 2026

Market cap ₹16,188 Cr · EPS ₹1.70

Valuation

Blended fair value using DCF and peer comparison methods.

See if Clean Max Enviro Energy Solutions is undervalued

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Aggressively investing in capacity expansion. Free cash flow is negative due to heavy growth capex — not business weakness. Peer comparison is more appropriate than DCF.

The intrinsic value shown is an algorithmic estimate based on publicly available financial data — including DCF analysis, peer comparison, and historical financials. It is not a research report, investment advice, or a recommendation to buy, sell, or hold any security. Stock valuations involve uncertainty and may differ significantly from market prices. Please consult a SEBI-registered investment adviser before making any investment decision.

Peer comparison

How this company stacks up against sector peers on valuation and quality metrics.

Energy · 8 peers · sector medians shown

Better than medianWorse than median

Company	Mkt Cap	P/E	P/B	EV/EBITDA	ROE	Net Margin	Rev CAGR 3y
Clean Max Enviro Energy Solutions CLEANMAX · you	₹16,317 Cr	156.0×	3.5×	25.0×	2.0%	4.9%	27.2%
Sector median	—	22.1×	2.8×	12.8×	15.6%	8.7%	0.8%
Torrent Power TORNTPOWER	₹71,912 Cr	29.8×	3.8×	15.1×	12.7%	8.3%	4.1%
NLC India NLCINDIA	₹45,461 Cr	13.2×	2.2×	10.5×	16.4%	20.1%	2.7%
Petronet LNG PETRONET	₹40,268 Cr	10.3×	1.8×	7.5×	17.6%	9.0%	-10.1%
Mangalore Refinery & Petrochemicals MRPL	₹28,219 Cr	14.7×	2.0×	5.9×	13.6%	1.8%	-5.5%
Aegis Logistics AEGISLOG	₹27,478 Cr	29.5×	4.4×	19.2×	14.8%	10.8%	-1.1%
Gujarat Gas Limited GUJGASLTD	₹26,561 Cr	12.9×	3.4×	—	26.0%	0.1%	—
ACME Solar Holdings ACMESOLAR	₹26,458 Cr	57.4×	11.8×	—	20.5%	0.1%	—
SJVN SJVN	₹26,451 Cr	41.1×	1.9×	16.6×	4.9%	15.4%	15.5%

Peer comparison verdict

Clean trades at a premium to sector peers on P/E (154.8× vs median 22.1×). The market is pricing in higher growth — worth verifying whether recent revenue trends support that expectation.

Business quality

Valuation

P/E ratio

154.8×

P/B ratio

—

EV/EBITDA

—

Price/Sales

—

Returns

ROE

2.0%

ROCE

4.6%

ROA

—

Growth

Revenue CAGR (3yr)

27.2%

EPS CAGR (3yr)

—

Efficiency

Asset turnover

—

FCF yield

-24.9%

Dividend yield

—

Liquidity & Solvency

Debt / Equity

2.95×

Debt / EBITDA

—

Interest coverage

1.3×

Current ratio

0.66×

Quick ratio

—

Financial health

Piotroski F-Score, Altman Z-Score, and key solvency ratios.

Financial health data is not yet available for this company.

Full financial data

Charts and annual statements for income, balance sheet and cash flow.

Income trend

Revenue, profit and margin trends over time.

Revenue

Net profit

Operating margin

Net margin

Revenue

₹1,913 Cr

Net profit

₹94 Cr

Operating margin

—

Net margin

4.9%

Revenue and net profit in ₹ Crores (left axis). Margins % on right axis.

Cash flow

Where cash comes from and where it goes.

Operating CFInvesting CFFinancing CFFree cash flow

Operating CF — Cash earned from running the business. The core engine of financial health.

Investing CF — Cash spent on assets and equipment. Negative is normal — it means the company is investing in growth.

Financing CF — Cash from borrowing or repaying loans and dividends. Negative means debt is being repaid.

Free cash flow — Operating CF minus capex. Cash left after keeping the business running. Positive and growing is ideal.

Operating CF

₹1,731.35 Cr

Investing CF

₹0 Cr

Financing CF

₹0 Cr

Free cash flow

-₹4,022.97 Cr

Balance sheet

Assets show what the company owns. Liabilities show what it owes. Equity is what's left for shareholders.

How the company is funded — equity is owners' money, debt is long-term borrowing, current liabilities are short-term obligations.

Equity

Debt

Current liabilities

Total assets

—

Total debt

₹13,669 Cr

Equity

₹4,638 Cr

Debt / Equity

2.95×

Numbers are illustrative — order-of-magnitude correct. For precise figures, refer to the company's annual report on BSE/NSE.

Shareholding pattern

Who owns this company and how that has changed.

What shareholding tells you: When promoters (founders/controlling shareholders) increase their stake, it usually signals confidence in the business. Rising FII (foreign funds) interest means international money is moving in. High promoter pledge is a risk — pledged shares can be force-sold if the stock price falls sharply.

Latest quarter

Promoter

49.4%

-0.1 pp QoQ

FII

11.2%

-18.6 pp QoQ

DII

14.7%

-0.1 pp QoQ

Retail

24.7%

Trend over time (%)

Quarterly data

Category	Mar 2026	Jun 2026	Change (YoY)
Promoter	49.5%	49.4%	-0.0 ppvs oldest
FII (Foreign)	29.8%	11.2%	-18.6 ppvs oldest
DII (Domestic)	14.8%	14.7%	-0.1 ppvs oldest
Retail	6.0%	24.7%	+18.7 ppvs oldest

Signals from the trend

➡️

PromoterStable — no notable buying or selling

📉

FIINet sellers (18.6pp) — foreign institutional interest is declining

➡️

DIIStable

Overall cautious — FII outflows warrant monitoring.

pp = percentage points. FII = Foreign Institutional Investors. DII = Domestic Institutional Investors (MFs, insurance). Data sourced from NSE/BSE filings. Verify on BSE/NSE before any investment decision.