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Clean Max Enviro Energy Solutions Ltd
₹1,276.00
+₹20.50 (+1.63%)
NSE · 16 Oct 2026, close
Market Cap
₹15,552 Cr
CMP
₹1,276.00
52-wk High / Low
₹1,536 / 727
P/E
99.2
P/B
3.3
Book Value
₹396.0
Div Yield
0.00%
ROCE
6.0%
ROE
1.8%
Face Value
₹1
D/E
2.73
Price+47.1% over Max
āagman read
Computed by āagmanPiotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹268
√(22.5 × EPS × book value per share)
ROIC
2.8%
vs 5.8% sector median
Cash flow to profit
20.13
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,557
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
1.8%
ROE × earnings retention ratio
ROE stability
2.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.05FII −18.59DII −0.08
Latest quarter vs the previous one
Cash-accrual divergence
−9.2%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 6% trails the sector median of 9%
−Annualised volatility of 52.6% is in the high band (≥45%)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 374 | 446 | 402 | 531 | 422 | 557 | 832 |
| Expenses | 189 | 189 | 137 | 195 | 159 | 290 | 411 |
| Operating Profit | 184 | 257 | 266 | 335 | 263 | 268 | 421 |
| OPM % | 49.2% | 57.6% | 66.2% | 63.1% | 62.3% | 48.1% | 50.6% |
| Other Income | 36 | 54 | 9 | 27 | 44 | 84 | 42 |
| Interest | 154 | 204 | 221 | 195 | 190 | 180 | 255 |
| Depreciation | 83 | 81 | 83 | 89 | 111 | 97 | 115 |
| Profit before tax | −17 | 26 | −30 | 79 | 7 | 75 | 94 |
| Net Profit | −4 | 17 | −17 | 36 | 21 | 45 | 55 |
| EPS (₹) | 4.85 | 43.39 | −2.80 | 2.49 | 2.69 | 4.73 | 4.14 |
Profit & Loss
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 621 | 702 | 930 | 1,390 | 1,496 | 1,913 | 2,343 |
| Expenses | 381 | 406 | 555 | 684 | 595 | 781 | 1,056 |
| Operating Profit | 240 | 295 | 375 | 706 | 901 | 1,132 | 1,287 |
| OPM % | 38.6% | 42.0% | 40.3% | 50.8% | 60.2% | 59.2% | 54.9% |
| Other Income | 15 | 9 | −58 | 25 | 114 | 169 | 199 |
| Interest | 141 | 167 | 217 | 504 | 663 | 786 | 820 |
| Depreciation | 70 | 86 | 118 | 222 | 300 | 380 | 411 |
| Profit before tax | 44 | 52 | −18 | 5 | 52 | 135 | 255 |
| Net Profit | 25 | 30 | −59 | −38 | 19 | 86 | 157 |
| EPS (₹) | 334.17 | 83.97 | −179.97 | −70.44 | 54.89 | 8.04 | 14.05 |
Balance Sheet
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 4 | 4 | 4 | 5 | 12 | — |
| Reserves | 50 | 1,257 | 1,207 | 1,829 | 2,558 | 4,627 | — |
| Borrowings | 1,341 | 1,605 | 3,971 | 5,570 | 8,087 | 12,684 | — |
| Other Liabilities | 1,240 | 862 | 1,691 | 1,465 | 2,374 | 5,232 | — |
| Total Liabilities | 2,632 | 3,728 | 6,873 | 8,869 | 13,025 | 22,555 | — |
| Fixed Assets | 2,031 | 2,149 | 2,929 | 6,649 | 8,060 | 11,954 | — |
| CWIP | 112 | 603 | 2,683 | 680 | 1,913 | 5,343 | — |
| Investments | 7 | 42 | 49 | 93 | 76 | 137 | — |
| Other Assets | 481 | 934 | 1,212 | 1,447 | 2,976 | 5,122 | — |
| Total Assets | 2,632 | 3,728 | 6,873 | 8,869 | 13,025 | 22,555 | — |
Cash Flows
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 489 | 434 | 928 | 86 | 1,404 | 1,731 |
| Cash from Investing Activity | −510 | −1,034 | −3,011 | −1,939 | −3,606 | −5,953 |
| Cash from Financing Activity | 45 | 582 | 2,144 | 1,789 | 2,481 | 5,095 |
| Net Cash Flow | 24 | −17 | 61 | −64 | 279 | 873 |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| ROCE % | — | 10.0 | 7.0 | 8.0 | 7.0 | 6.0 |
| ROE % | — | — | — | — | — | 1.8 |
| EPS (₹) | 334.17 | 83.97 | −179.97 | −70.44 | 54.89 | 8.04 |
| Book Value (₹) | — | — | — | — | — | 396.0 |
| Face Value (₹) | — | — | — | — | — | 1 |
| P/E | — | — | — | — | — | 99.2 |
| Div Yield % | — | — | — | — | — | 0.00 |
| NPM % | 3.9 | 4.2 | −6.8 | −2.7 | 1.2 | 4.1 |
| OPM % | 39.0 | 42.0 | 40.0 | 51.0 | 60.0 | 59.0 |
| D/E | 26.42 | 1.27 | 3.28 | 3.04 | 3.16 | 2.73 |
| P/B | — | — | — | — | — | 3.3 |
Growth
Compounded sales growth
5 years+25.0%
3 years+27.0%
TTM+28.0%
Compounded profit growth
5 years+19.0%
3 years−8.0%
TTM+121.0%
Return on equity
5 years1.0%
3 years0.0%
Last year2.0%
Documents
Announcements
Announcement under Regulation 30 (LODR)-AcquisitionCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSIntimation For Issuance Of Corporate GuaranteeIntimation Of Final Approval For Modification In NCD Terms Received From BSE LimitedAnnual reports
Annual Report 2026Corporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman