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Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd

CLEANMAX Share Price

NSE
1,439.001.23% (-17.90)
High
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With a market cap of ₹17,080 cr, stock is ranked 413

Stock is 4.11x as volatile as Nifty

CLEANMAX Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

With a market cap of ₹17,080 cr, stock is ranked 413

Stock is 4.11x as volatile as Nifty

CLEANMAX Performance & Key Metrics

CLEANMAX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
181.493.09
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
26.993.161.34%

CLEANMAX Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 5 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

CLEANMAX Company Profile

Clean Max Enviro Energy Solutions Ltd is an India-based renewable energy company operating 450+ MW of solar and wind farms across India, Middle East, and South-East Asia, providing turnkey clean power solutions to commercial and industrial customers under long-term power purchase agreements at rates cheaper than grid tariffs, serving sectors like automotive, education, pharmaceuticals, FMCG, and IT.

Investor Presentation

View older View older 

May 12, 2026

PDF
View Older Presentations

CLEANMAX Similar Stocks (Peers)

Compare with peers Compare with peers 

CLEANMAX Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
139.10
139.10
1Y Return
36.68%
36.68%
Buy Reco %
100.00
100.00
PE Ratio
155.31
155.31
1Y Return
9.92%
9.92%
Buy Reco %
80.00
80.00
PE Ratio
21.18
21.18
1Y Return
7.51%
7.51%
Buy Reco %
66.67
66.67
PE Ratio
30.53
30.53
1Y Return
7.47%
7.47%
Buy Reco %
80.00
80.00
PE Ratio
41.36
41.36
1Y Return
31.59%
31.59%
Buy Reco %
0.00
0.00
Compare with Peers

CLEANMAX Sentiment Analysis

CLEANMAX Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

CLEANMAX Stock Summary · May 2026

Management framed the quarter as a period of robust scale-up and improving profitability, citing 5,700 MW of contracted renewable capacity (3,100 MW operational) and full‑year EBITDA of INR 1,295 crore. They emphasized execution and customer diversification—notably Data & AI customers now account for ~42% of contracted capacity (roughly 2,400 MW)—alongside repeat business, long PPA tenors and strong counterparty credit as core strategic priorities, while also prioritizing refinancing and asset stabilization to lower financing costs. Management acknowledged tension between rapid commissioning and near‑term operational/market risks: run‑rate EBITDA rose to INR 1,870 crore but newly commissioned plants need 3–6 months to stabilize, some assets face curtailment (one substation ~30%) and new DSM rules remain litigated, prompting a non‑committal evaluation of storage solutions over the next 3–4 months. Balance‑sheet metrics showed year‑end net debt ~INR 9,600 crore (net debt/EBITDA ~4.3x) and eased blended financing cost to ~8.5%. Near term, they did not give formal EBITDA guidance but expressed confidence in achieving at least 1,500 MW of additions in FY26–27 and improving margins toward ~86% over 3–4 years.

CLEANMAX Stock Growth Drivers
CLEANMAX Stock Growth Drivers
7
  • Scale and Visible Growth Pipeline

    The company has demonstrably scaled to a market-leading size with 5.7 GW of PPA‑contracted renewable

  • Improving Financial Performance and Strong Unit Economics

    Recent results show a meaningful step-up in profitability and underlying economics: consolidated revenue rose about

CLEANMAX Stock Challenges
CLEANMAX Stock Challenges
6
  • Material grid curtailment exposure reducing realized generation and EBITDA

    The company faces tangible curtailment risk concentrated in CTU-connected assets that can materially reduce reported

  • Lack of contractual pay protection against curtailment

    The company’s commercial contracts leave it exposed to lost revenues when the grid curtails generation

CLEANMAX Forecast

CLEANMAX Forecasts

Price

Revenue

Earnings

CLEANMAX

CLEANMAX

Income

Balance Sheet

Cash Flow

CLEANMAX Income Statement

CLEANMAX Income Statement

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Quarterdec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue409.36499.52414.81558.11466.59641.96
Operating & Other expensessubtract189.42188.74136.34195.15159.32289.85
Depreciation/Amortizationsubtract82.9080.9383.4588.81110.9896.68
Interest & Other Itemssubtract153.67203.64220.60195.48189.67180.18
Taxes & Other Itemssubtract-19.094.20-11.3853.41-21.0219.84
EPS-59.242.270.002.492.705.31

CLEANMAX Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF

Investor Presentation

May 12PDF
Mar 17PDF
 

CLEANMAX Stock Peers

CLEANMAX Past Performance & Peer Comparison

CLEANMAX Past Performance & Peer Comparison

Comparing 3 stocks from 
UtilitiesRenewable Energy

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Clean Max Enviro Energy Solutions Ltd181.433.09
Adani Green Energy Ltd139.107.69
Ntpc Green Energy Ltd155.314.38
NHPC Ltd21.181.772.03%

CLEANMAX Stock Price Comparison

Compare CLEANMAX with any stock or ETF
Compare CLEANMAX with any stock or ETF
CLEANMAX
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CLEANMAX Holdings

CLEANMAX Shareholdings

CLEANMAX Promoter Holdings Trend

CLEANMAX Promoter Holdings Trend

High Pledged Promoter Holding
Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

CLEANMAX Institutional Holdings Trend

CLEANMAX Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 18.59%

Tickertape Separator

CLEANMAX Shareholding Pattern

CLEANMAX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding49.42%3.16%11.50%11.21%24.70%

Aug 2025

Feb 2026

Mar 2026

Jun 2026

CLEANMAX Shareholding History

CLEANMAX Shareholding History

AugFebMarJun0.00%29.93%29.80%11.21%

Mutual Funds Invested in CLEANMAX

Mutual Funds Invested in CLEANMAX

No mutual funds holding trends are available

Top 5 Mutual Funds holding Clean Max Enviro Energy Solutions Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.3797%1.88%0.71%37/64 (+12)
0.3797%2.40%0.83%51/72 (+2)
0.2218%1.71%1.71%54/103 (+29)

Compare 3-month MF holding change on Screener

CLEANMAX Insider Trades & Bulk Stock Deals

CLEANMAX Insider Trades & Bulk Stock Deals

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smallcases containing CLEANMAX stock

smallcases containing CLEANMAX stock

Looks like this stock is not in any smallcase yet.

CLEANMAX Events

CLEANMAX Events

CLEANMAX Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

CLEANMAX has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

CLEANMAX Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

CLEANMAX has not given any dividends in last 5 years

CLEANMAX Dividends

CLEANMAX Dividends

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CLEANMAX Stock News & Opinions

CLEANMAX Stock News & Opinions

Corporate
Corporate
Clean Max Enviro Energy Solutions allots 9,220 equity shares under ESOS

Clean Max Enviro Energy Solutions has allotted 9,220 equity shares under ESOS on 17 July 2026. Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs 11,72,26,150 to Rs 11,72,35,370.

1 week agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions allots 8,740 equity shares under ESOS

Clean Max Enviro Energy Solutions has allotted 8,740 equity shares under ESOS on 13 July 2026. Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs 11,72,17,410 to Rs 11,72,26,150.

2 weeks agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions to hold AGM

Clean Max Enviro Energy Solutions announced that the 16th Annual General Meeting(AGM) of the company will be held on 27 July 2026.

3 weeks agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions allots 41,120 equity shares under ESOS

Clean Max Enviro Energy Solutions has allotted 41,420 equity shares of the face value of Re 1 each fully paid up, comprising (i) 20,710 equity shares pursuant to exercise of vested stock options at exercise price of Re 1 per option, and (ii) 20,710 bonus shares allotted pursuant to the bonus issuance in the ratio of 1:1 approved by the shareholders by way of resolution dated 8 August 2025, under Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 as amended from time to time (CMES ESOS) to the eligible employees. Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs 11,71,75,990 to Rs 11,72,17,410.

1 month agoCapital Market - Live
Spotlight
Spotlight
CleanMax gains after signing 900 MW clean energy deal with Meta

As part of the collaboration, CleanMax will develop and operate 837 MW of new solar and wind projects across Rajasthan and Karnataka. Combined with previously announced projects, the partnership now represents over 900 MW of renewable energy capacity. Meta will purchase 100% of the environmental attributes generated by the projects, supporting its goal of matching electricity consumption with 100% clean and renewable energy and helping reduce value-chain emissions in the region. The announcement builds on an existing relationship between the two companies and highlights the increasing role of corporate renewable energy procurement in driving India's clean energy transition. The collaboration reinforces CleanMax's position as a long-term sustainability partner for corporate customers pursuing large-scale decarbonization initiatives. As digital infrastructure expands rapidly, partnerships such as these highlight the role of renewable energy in supporting long-term growth while advancing decarbonization goals. Kuldeep Jain, Founder and Managing Director, Clean Max Enviro Energy Solutions, said, 'Meta connects billions of people every day through platforms such as Facebook, Instagram, WhatsApp and Threads while helping shape the future of digital and AI infrastructure. We are thrilled to partner with Meta. Every generation builds infrastructure that defines its future. For us, that infrastructure is increasingly digital, AI-driven and interconnected. It must also be powered by clean energy. We look forward to supporting Meta's renewable energy ambitions while contributing to India's clean energy transition.' Amanda Yang, Head of Clean and Renewable Energy, Meta, said: 'These agreements represent meaningful progress in supporting our renewable energy goals in the region. We're pleased to continue working with CleanMax to help bring new renewable energy capacity onto the grid in India and support the growth of the country's clean energy ecosystem.' Clean Max Enviro Energy Solutions are a provider of renewable energy to commercial & industrial customers. The company's consolidated net profit rallied 151.8% to Rs 55.42 crore on 25.1% rise in revenue from operations to Rs 557.46 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
CleanMax and Meta announce 900 MW renewable energy deal

Meta Platforms, Inc. (NASDAQ: META) and Clean Max Enviro Energy Solutions (CleanMax) have announced a ~900 MW renewable energy partnership in India. Together, the companies will support the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. Combined with previously announced projects, the partnership now represents more than 900 MW of renewable energy capacity. CleanMax's renewable energy projects support Meta's efforts to add new generation to the grid, advance its goal of matching its electricity use with 100% clean and renewable energy, and will help address Meta's value chain emissions in the region. CleanMax will develop and operate 837 MW of new renewable energy capacity across Rajasthan and Karnataka, comprising large-scale solar and wind projects. Meta is purchasing 100% of the environmental attributes from these projects.

1 month agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions allots 13,326 equity shares under ESOS

Clean Max Enviro Energy Solutions has allotted 13,326 equity shares under ESOS on 05 June 2026. With this allotment, the paid up equity share capital has increased from Rs 11,70,87,214 to Rs 11,71,00,540.

1 month agoCapital Market - Live
Corporate
Corporate
CLEANMAX raises USD 575 million to support renewable projects

Clean Max Enviro Energy Solutions has successfully raised ~$575 million to expand its solar and wind projects in India. The financing was structured through multiple lenders of domestic and international banks, comprising External Commercial Borrowings (ECB), INR borrowing and Foreign Currency Non-Resident (Bank) (FCNR(B)) facilities. The funding will support large-scale, Central Transmission Utility (CTU) connected renewable projects across Rajasthan and Karnataka aggregating to a renewable energy portfolio of ~1 GW. These projects reflect CleanMax's focus on long-term, high-quality renewable assets for the corporate and industrial segment for large tech companies. The transaction highlights growing confidence among Indian & international lenders across various types of loans in India's renewable energy market and CleanMax's ability to structure and execute complex, cross-border financings at scale. Key Financing Details: Clean Max Celestial: $141.94 million from one of India's leading public sector banks under an FCNR(B) facility Clean Max Tasman: $124.63 million secured via ECB facility from Societe Generale, BNP Paribas, and SMBC VEH Green Energy: $174 million secured through ECB from Credit Agricole, HSBC, and DBS Bank Clean Max Enviro Energy Solutions: INR 650 crores secured through INR term loan from HSBC Clean Max Atlas: INR 630 crores secured through INR term loan from BNP Paribas and HSBC

2 months agoCapital Market - Live
Corporate
Corporate
CLEANMAX receives revision in credit ratings from CARE

Clean Max Enviro Energy Solutions announced that CARE Ratings has reaffirmed the short term bank loan facilities at CARE A1+ and upgraded the ratings on non convertible debentures and long term bank facilities from CARE A+; Positive to CARE AA-; Stable.

2 months agoCapital Market - Live
Earnings
Earnings
Clean Max Enviro Energy Solutions consolidated net profit rises 151.79% in the March 2026 quarter

Net profit of Clean Max Enviro Energy Solutions rose 151.79% to Rs 55.42 crore in the quarter ended March 2026 as against Rs 22.01 crore during the previous quarter ended March 2025. Sales rose 25.13% to Rs 557.46 crore in the quarter ended March 2026 as against Rs 445.51 crore during the previous quarter ended March 2025. For the full year,net profit rose 238.11% to Rs 94.13 crore in the year ended March 2026 as against Rs 27.84 crore during the previous year ended March 2025. Sales rose 27.89% to Rs 1912.87 crore in the year ended March 2026 as against Rs 1495.70 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales557.46445.51 25 1912.871495.70 28 OPM %48.0157.63 -59.1960.20 - PBDT171.94107.14 60 514.89359.74 43 PBT75.2626.21 187 134.9859.75 126 NP55.4222.01 152 94.1327.84 238 Powered by Capital Market - Live

2 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) today?

    The share price of CLEANMAX as on 27th July 2026 is ₹1439. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Clean Max Enviro Energy Solutions Ltd (CLEANMAX) share?

    The past returns of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) share are
    • Past 1 week: 12.86%
    • Past 1 month: -2.31%
    • Past 3 months: 37.82%
    • Past 6 months: 67.94%
    • Past 1 year: 67.94%
    • Past 3 years: N/A%
    • Past 5 years: 67.94%

  3. What are the peers or stocks similar to Clean Max Enviro Energy Solutions Ltd (CLEANMAX)?

    The peers or stocks similar to Clean Max Enviro Energy Solutions Ltd (CLEANMAX) include:

  4. What is the market cap of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) is ₹17080.02 Cr as of 27th July 2026.

  5. What is the 52 week high and low of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) share?

    The 52-week high of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) is ₹1536 and the 52-week low is ₹727.10.

  6. What is the PE and PB ratio of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) stock?

    The P/E (price-to-earnings) ratio of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) is 181.43. The P/B (price-to-book) ratio is 3.09.

  7. Which sector does Clean Max Enviro Energy Solutions Ltd (CLEANMAX) belong to?

    Clean Max Enviro Energy Solutions Ltd (CLEANMAX) belongs to the Utilities sector & Renewable Energy sub-sector.

  8. How to buy Clean Max Enviro Energy Solutions Ltd (CLEANMAX) shares?

    You can directly buy Clean Max Enviro Energy Solutions Ltd (CLEANMAX) shares on Tickertape. Simply sign up, connect your demat account and place your order.