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Swing Capital

Clean Max Enviro Energy Solutions Ltd

NSE: CLEANMAX BSE: 544717Energy

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

₹1,203
52W: ₹727 — ₹1400
PE 18.4 · Book ₹482 · +150% vs book
Market Cap₹14,086 Cr
Stock P/E18.4Price to Earnings
ROCE24.6%Return on Capital
ROE18.9%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company has delivered good profit growth of 83.8% CAGR over last 5 years
  • +Debtor days have improved from 87.4 to 47.9 days.

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend

Shareholding Pattern

Promoters49.48%
FIIs29.8%
DIIs14.75%
Public5.97%
CategoryMar 2026
Promoters49.48%
FIIs29.8%
DIIs14.75%
Public5.97%

Financial Statements

MetricDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales6391,0391,1281,4581,5211,897
Expenses4888869531,1311,1461,669
Operating Profit151153175327375227
OPM %24%15%16%22%25%12%
Net Profit104114134239270124
EPS ₹205.73224.2326.3323.5626.2810.63

AI Insights

Revenue Trend

Mar 2026 revenue at ₹6,003Cr, up 164.4% YoY. OPM at 18%.

Debt Position

Borrowings at ₹2,168Cr. Debt-to-equity ratio: 0.38x. Healthy balance sheet.

Capex Cycle

CWIP at ₹546Cr (48% of fixed assets). Significant capex underway — growth runway building.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 0% (Mar 2026). Working capital days: -125.

Valuation

PE 18.4x with 24.6% ROCE. Price is 150% above book value of ₹482. Dividend yield: 0%.

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