Company File · BSE 544717 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Clean Max Enviro Energy Solutions Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE647U01026 · CLEANMAX · Power › Power
About the business
What does Clean Max do? Clean Max Enviro Energy Solutions builds & operates solar & wind power plants that supply renewable electricity to commercial & industrial companies, such as data centres, factories & technology firms. It sells this power under long-term contracts, so buyers lock in supply for years. It also offers rooftop solar. It listed through an IPO in 2026.
Price & valuation · BSE close, 19 Oct 2026
Usual 17.6×
Below its usual level
- P/E
- 16.7×
- Usual P/E
- 17.6×
- Price/book
- 2.63×
- ROCE
- 5.1%
- ROE
- 1.5%
- Debt/equity
- 2.25×
- Promoter
- 49.42%
- Pledged
- 20.02%
The latest earnings call · Apr to Jun 2026 · transcript filed 7 Aug 2026
The transcript is ready to read; its call notes appear here once they are written.
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/E 16.7× vs 17.6×), earns low returns on capital (ROCE 5.1%) and borrows ₹2.25 for every ₹1 of shareholders' money.
What you pay Valuation
On standalone figures, buyers pay about ₹17 for every ₹1 the company earned per share over the last year. Below its 1-year median of 17.6×.
Uses standalone figures: the consolidated results we hold do not give four quarters of EPS (a quarter is missing or was filed without figures).
Latest BSE close ÷ last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 19th October 2026.
The share price is 2.6 times the accounting value of each share.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
Needs four consecutive quarters.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
Needs four consecutive quarters.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
Needs EPS from a year earlier; our results do not go back far enough yet.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid no dividend in the last 12 months.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹5.1 before interest & tax.
Uses closing capital because the balance sheet from a year earlier is not available yet.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
For every ₹100 of shareholders' money, the company earned about ₹1.5 in a year.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 31st March 2026.
Needs reported tax expense that reconciles with profit; not yet available for these periods.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Every ₹1 of assets generated about ₹0.08 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 31st March 2026.
Needs four consecutive quarters.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th June 2026.
For every ₹1 of shareholders' money, it has borrowed ₹2.25.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 49.42% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th June 2026.
Promoter holding fell by 0.06 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th June 2026.
Promoter holding, quarter by quarter
- Jun 202649.42%
- Mar 202649.48%
Promoters have pledged 20.02% of their shares (116 lakh shares), 9.89% of the company.
A further 16.91% of the promoter group's shares is otherwise encumbered (36.93% in all).
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th June 2026.
Pledged, quarter by quarter
- Jun 202620.02%
- Mar 202620.02%
After paying for new plant & equipment, operations left ₹-3,956 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Each share has a face (nominal) value of ₹1. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 11.76 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹14,539 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹24,662 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
Needs four consecutive quarters.
Sum of the last four quarters' reported profit after tax. As of 30th June 2026.
Needs four consecutive quarters.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 30th June 2026.
Each share is backed by about ₹470 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
Needs four consecutive quarters.
EBITDA ÷ revenue over the last four quarters. As of 30th June 2026.
About ₹6.6 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Needs the same quarter from last year.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Needs the same quarter from last year with a positive profit.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
Short-term assets cover short-term bills 0.66 times.
Current assets ÷ current liabilities. As of 31st March 2026.
Customers take about 53 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 8 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
Needs four consecutive quarters.
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹20.23 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹10,123 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
Needs reported tax expense that reconciles.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Everything the company owns earned 0.4% in a year.
Last 12 months' profit ÷ average total assets. As of 31st March 2026.
Needs four consecutive quarters.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹5,687 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹12,411 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 11.21%.
Foreign institutional holding from the latest shareholding pattern. As of 30th June 2026.
Domestic institutions own 14.67%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th June 2026.
The highest price in the last year was ₹1,532.8.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 24th June 2026.
The lowest price in the last year was ₹728.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 30th March 2026.
The share price moved 42.5% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
Needs positive 12-month EPS.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 11.76 crore, from paid-up capital in the 19th October 2026 filing. Figures are consolidated.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 3 quarters ₹ crore · Consolidated
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue from operations | 422.5 | 557.5 | 832.2 |
| EBITDA | 263.1 | 267.6 | 420.9 |
| Operating margin | 62.3% | 48.0% | 50.6% |
| Profit after tax | 21.2 | 45.4 | 55.2 |
| Basic EPS (₹) | 2.70 | 5.31 | 4.14 |
Latest filings BSE
Corporate announcements 30
- 16 Oct 2026Intimation Under Regulation 30 Read With Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulation, 2015
- 9 Oct 2026Acquisition
- 8 Oct 2026Allotment of ESOP / ESPS
Quarterly results 0
None in the filings we hold.
Conference calls 6
- 30 Sep 2026Analyst / Investor Meet - Intimation
- 15 Sep 2026Analyst / Investor Meet - Intimation
- 10 Sep 2026Analyst / Investor Meet - Intimation
Investor presentations 0
None in the filings we hold.
Members see every filing, and what each means for the company in Corporate Intelligence.
The full Company File
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- Growth vs last year, explained
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- Accounts checks
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