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Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd

CLEANMAX Share Price

NSE
₹1,276.001.63% (+20.50)
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With a market cap of ₹15,006 cr, stock is ranked 461

Stock is 3.81x as volatile as Nifty

CLEANMAX Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

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

Good

The stock is underpriced and 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 ₹15,006 cr, stock is ranked 461

Stock is 3.81x as volatile as Nifty

CLEANMAX Performance & Key Metrics

CLEANMAX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
95.692.72—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
24.682.721.30%

CLEANMAX Analyst Ratings & Forecast

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

from 10 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 

Jul 31, 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
129.82
129.82
1Y Return
22.80%
22.80%
Buy Reco %
100.00
100.00
PE Ratio
144.82
144.82
1Y Return
10.14%
10.14%
Buy Reco %
71.43
71.43
PE Ratio
19.06
19.06
1Y Return
17.84%
17.84%
Buy Reco %
80.00
80.00
PE Ratio
26.95
26.95
1Y Return
15.61%
15.61%
Buy Reco %
80.00
80.00
PE Ratio
57.99
57.99
1Y Return
46.12%
46.12%
Buy Reco %
91.67
91.67
Compare with Peers

CLEANMAX Sentiment Analysis

CLEANMAX Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

CLEANMAX Stock Summary · August 2026

Management struck an upbeat but disciplined tone, highlighting a sharp profitability rebound alongside continued scale-up in its renewable platform. Revenue from operations more than doubled year over year to INR832 crore, while PAT rose to INR55 crore, helped by stronger operating leverage, better EBITDA margins and lower interest costs. The company said it commissioned about 500 MW in the quarter, taking contracted capacity to roughly 6 GW, of which 3.5 GW is already operational, and reiterated confidence in at least 1.5 GW of new additions this year. Management emphasised that data and AI now accounts for 42% of contracted capacity and has become a major demand engine, while industrial green power volumes outside that segment have also doubled over the past two years. It also pointed to stable visibility from a 2.5 GW under-construction pipeline and improving financing conditions, including project borrowing costs falling to about 8.4% and an AA- rating upgrade. Near term, management said CTU curtailment at Bikaner should persist through the current financial year, but reiterated full-year capacity and EBITDA goals, including at least INR3,000 crore of EBITDA by FY28.

CLEANMAX Stock Growth Drivers
CLEANMAX Stock Growth Drivers
8
  • Strong Profitability and Margin Expansion

    The quarter showed a clear step-up in earnings quality, with profit after tax rising sharply

  • Rapid Capacity Buildout and Execution Momentum

    Execution remained a major strength, with about 500 MW commissioned in the quarter and trailing-12-month

CLEANMAX Stock Challenges
CLEANMAX Stock Challenges
2
  • Persistent Bikaner CTU Curtailment and Transmission Bottleneck

    The company is facing severe curtailment at the Bikaner CTU project, currently around 70%, and

  • Execution Capacity Limits on Future Growth

    Management’s comments indicate that future expansion is constrained by execution capacity, even after a period

end marker

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 2026jun 2026
Total Revenue409.36499.52411.24558.11466.59641.96874.58
Operating & Other expensessubtract189.42188.74136.73195.15159.32289.85411.24
Depreciation/Amortizationsubtract82.9080.9383.4588.81110.9896.68114.63
Interest & Other Itemssubtract153.67203.64220.60195.48189.67180.18254.71
Taxes & Other Itemssubtract-19.094.20-15.3453.41-21.0219.8445.48
EPS-59.242.27-1.402.492.705.314.14

CLEANMAX Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2027FY 2027

Annual Report Pending

Investor Presentation

Jul 31PDF
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 Ltd159.412.72—
Adani Green Energy Ltd129.827.18—
Ntpc Green Energy Ltd144.823.94—
NHPC Ltd19.061.482.25%
ScreenerCompare valuation on Screener

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)
0.5044%6.94%6.94%8/59 (+48)
0.4854%0.20%0.20%268/289 (+12)
0.4476%2.38%-0.02%44/73 (+2)

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

Hmm, looks like data is unavailable here. Please come back after some time

CLEANMAX Stock News & Opinions

CLEANMAX Stock News & Opinions

Corporate
Corporate
Clean Max Enviro Energy to acquire 100% of Massmunch Company Limited for Thai Baht 1,250,000

Clean Max Enviro Energy Solutions Limited announced that Cleanmax Energy (Thailand) Company Limited and Cleanmax IHQ (Thailand) Company Limited, both wholly owned subsidiaries of Cleanmax Solar MENA FZCO (Dubai), have entered into a Share Purchase Agreement with Massmunch Company Limited and its promoters to acquire 100% of Massmunch Company Limited's share capital for a transaction value of Thai Baht 1,250,000, with the acquisition expected to be completed by October 31, 2026; following the acquisition, Massmunch Company Limited will become a step-down wholly owned subsidiary of Clean Max Enviro Energy Solutions Limited.

1 week agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions submits certificate to BSE and NSE for Q3 2026

Clean Max Enviro Energy Solutions Limited, formerly Clean Max Enviro Energy Solutions Private Limited, submitted a certificate to the BSE Limited and the National Stock Exchange of India Ltd. on October 9, 2026, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, which was issued by MUFG Intime India Private Limited, formerly Link Intime India Private Limited, for the quarter ended September 30, 2026; MUFG Intime India Private Limited also confirmed that the regulation is not applicable to the company as all shares are held in demat form.

1 week agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions Limited allotted shares under its Employee Stock Option Scheme 2015

Clean Max Enviro Energy Solutions Limited announced the allotment of 53,336 equity shares, comprising 26,668 shares from the exercise of vested stock options and 26,668 bonus shares issued in a 1:1 ratio, under its Employee Stock Option Scheme 2015. The allotment, approved by the company's Stakeholders Relationship Committee on October 8, 2026, increased the paid-up share capital from Rs 11,75,52,200 to Rs 11,76,05,536, with the exercise price set at Rs 1 per option.

1 week agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions will halt trading for insiders after September 30, 2026

Clean Max Enviro Energy Solutions Limited, formerly known as Clean Max Enviro Energy Solutions Private Limited, announced that trading in the company's securities will be closed from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026, for designated persons, their immediate relatives, and insiders, as per the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

2 weeks agoCapital Market - Live
Corporate
Corporate
Clean Max allotted green debt securities totaling INR 16,00,00,00,000, listed on BSE

Clean Max Enviro Energy Solutions Limited announced the allotment of green debt securities in the form of Senior, Secured, Rated, Listed Redeemable and Non- Convertible Debentures with a face value of INR 1,00,000 each, totaling INR 2,00,00,00,000 for Series A, INR 4,00,00,00,000 for Series B, INR 8,07,00,00,000 for Series C, INR 6,15,00,00,000 for Series D, and INR 4,78,00,00,000 for Series E, along with securities premium, approved by the Stakeholders’ Relationship Committee on September 28, 2026. The NCDs are proposed to be listed on the Wholesale Debt Market segment of the BSE Limited, with tenors ranging from 24 to 120 months, and coupon rates varying from 8.250% to 8.765% across the different series.

2 weeks agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions Limited allotted shares under its Employee Stock Option Scheme 2015

Clean Max Enviro Energy Solutions Limited announced the allotment of 2,830 equity shares, comprising 1,415 shares from the exercise of vested stock options and 1,415 bonus shares issued in a 1:1 ratio, under its Employee Stock Option Scheme 2015. The allotment, approved by the company's Stakeholders Relationship Committee on September 23, 2026, increased the paid-up share capital from Rs 11,75,49,370 to Rs 11,75,52,200, with the exercise price set at Rs 1 per option.

3 weeks agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy sells shares in three subsidiaries for Rs 26,000 per entity

Clean Max Enviro Energy Solutions Limited announced the appointment of Vipin Balan as Head - Projects, effective September 21, 2026. The company also approved the sale of 2,600 shares each of its wholly owned subsidiaries, Clean Max Kyuu Private Limited to Strata Geosystems (India) Private Limited, Clean Max Roku Private Limited to Goodluck India Limited, and Clean Max Ilgohp Private Limited to Nuvoco Vistas Corporation Limited, for a consideration of Rs 26,000 per subsidiary.

3 weeks agoCapital Market - Live
Spotlight
Spotlight
Clean Max receives AA/Stable ratings from CRISIL for NCDs and bank loan facilities

Clean Max Enviro Energy Solutions Ltd. announced that CRISIL has assigned ratings to its instruments, including an AA/Stable rating for its Non-Convertible Debentures (NCDs) totaling Rs. 2,500 crore and a separate AA/Stable rating for its bank loan facilities. Additionally, CRISIL has assigned a rating of CRISIL AAA/Stable to the company’s proposed PTCs. The ratings reflect the company's strong financial profile and established position in the renewable energy sector. Further details regarding the rating rationale and the complete list of rated instruments can be found in the CRISIL report.

1 month agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions Limited allotted shares under its Employee Stock Option Scheme 2015

Clean Max Enviro Energy Solutions Limited announced the allotment of 46,978 equity shares, comprising 23,489 shares from the exercise of vested stock options and 23,489 bonus shares issued in a 1:1 ratio, under its Employee Stock Option Scheme 2015. The allotment, approved by the company’s Stakeholders Relationship Committee on September 3, 2026, increased the paid-up share capital from Rs 11,74,84,732 to Rs 11,75,31,710, with the exercise price set at Rs 1 per option.

1 month agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions Limited allotted shares under its Employee Stock Option Scheme 2015

Clean Max Enviro Energy Solutions Limited announced the allotment of 13,562 equity shares, comprising 6,781 shares from the exercise of vested stock options and 6,781 bonus shares issued in a 1:1 ratio, under its Employee Stock Option Scheme 2015. The allotment, approved by the company's Stakeholders Relationship Committee on August 21, 2026, increased the paid-up share capital from Rs 11,74,71,170 to Rs 11,74,84,732, with the exercise price set at Rs 1 per option.

1 month agoCapital Market - Live

Frequently asked questions

  1. The share price of CLEANMAX as on 16th October 2026 is ₹1276. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) share are
    • Past 1 week: -5.45%
    • Past 1 month: -3.13%
    • Past 3 months: -0.99%
    • Past 6 months: 31.55%
    • Past 1 year: 47.09%
    • Past 3 years: N/A%
    • Past 5 years: 47.09%

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

  4. 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 ₹15006.47 Cr as of 16th October 2026.

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

  6. The P/E (price-to-earnings) ratio of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) is 159.41. The P/B (price-to-book) ratio is 2.72.

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

  8. 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.