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Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd

CLEANMAX Share Price

NSE
1,240.603.43% (-44.00)
High
Low
Returns
1D
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Max
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1W
1M
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Max
SIP

With a market cap of ₹15,042 cr, stock is ranked 435

Stock is 4.14x 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

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹15,042 cr, stock is ranked 435

Stock is 4.14x as volatile as Nifty

CLEANMAX Performance & Key Metrics

CLEANMAX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
159.844.69
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
26.403.221.38%

CLEANMAX Analyst Ratings & Forecast

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

from 4 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
145.03
145.03
1Y Return
38.95%
38.95%
Buy Reco %
100.00
100.00
PE Ratio
156.51
156.51
1Y Return
13.30%
13.30%
Buy Reco %
80.00
80.00
PE Ratio
19.24
19.24
1Y Return
20.10%
20.10%
Buy Reco %
66.67
66.67
PE Ratio
31.69
31.69
1Y Return
0.00%
0.00%
Buy Reco %
73.33
73.33
PE Ratio
43.04
43.04
1Y Return
31.83%
31.83%
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 · March 2026

CleanMax has solidified its position as a leader in the renewable energy sector, achieving remarkable year-on-year growth in EBITDA and profit after tax, driven by effective cost management and a robust pipeline of projects. The company’s strategic partnerships, particularly with Osaka Gas, enhance its capital access, while a focus on high-quality clients and long-term contracts ensures a stable financial outlook despite market challenges. Operational efficiency is underscored by a significant reduction in administrative expenses and a high EBITDA margin, reflecting strong project execution capabilities. However, challenges such as land acquisition delays and regulatory risks remain, necessitating ongoing strategic adjustments. Overall, CleanMax's commitment to transparency and proactive growth strategies positions it favorably for future expansion in the evolving renewable energy landscape.

CLEANMAX Stock Growth Drivers
CLEANMAX Stock Growth Drivers
8
  • Strong Financial Performance

    CleanMax has reported significant financial growth, including a 33% year-on-year increase in EBITDA for the

  • Expansion of Renewable Energy Capacity

    The company has significantly increased its renewable energy power sales capacity, reaching 5.7 GW of

CLEANMAX Stock Challenges
CLEANMAX Stock Challenges
4
  • Debt Management Concerns

    The company has a debt to adjusted EBITDA ratio of 4.8x, which, while currently healthy,

  • Lack of Detailed Capital Expenditure Guidance

    The company has provided guidance of 1.5 GW for the upcoming year but has not

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 Pending

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 Ltd159.774.69
Adani Green Energy Ltd145.038.02
Ntpc Green Energy Ltd156.514.41
NHPC Ltd19.241.602.23%

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

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

CLEANMAX Institutional Holdings Trend

CLEANMAX Institutional Holdings Trend

No institutional holdings trend are available

Tickertape Separator

CLEANMAX Shareholding Pattern

CLEANMAX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding49.48%2.26%12.49%29.80%5.97%

Aug 2025

Feb 2026

Mar 2026

CLEANMAX Shareholding History

CLEANMAX Shareholding History

AugFebMar0.00%29.93%29.80%

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)
0.3504%2.04%0.16%60/71 (+6)
0.3504%1.55%0.11%45/64 (-6)
0.1928%1.46%1.46%59/96 (+25)

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

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

2 days 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.

2 days 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.

6 days 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 weeks 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.

3 weeks 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

4 weeks agoCapital Market - Live
Corporate
Corporate
Apple and CleanMax enter into co-investing partnership for clean energy transition

Apple and CleanMax have entered into a strategic co investment transaction aimed at accelerating decarbonization within India's Commercial & Industrial (C&I) sector through scaled renewable energy deployment. The partnership with Clean Max Enviro Energy Solutions reflects a shared long-term commitment towards enabling corporate clean energy transition, advancing low-carbon infrastructure, and supporting Apple's broader carbon neutrality goals. The development between CleanMax and Apple builds on their earlier co-investment partnership supporting Apple's India operations. Kuldeep Jain, Managing Director and Founder, CleanMax, said, 'We are thrilled to expand our partnership with Apple yet again. At CleanMax, we see ourselves as a long term net-zero partner to corporates, and we are proud to continue working with a company like Apple that continues to push the ecosystem to think bigger, move faster, and build more responsibly.'

1 month agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions to discuss results

Clean Max Enviro Energy Solutions will hold a meeting of the Board of Directors of the Company on 12 May 2026.

1 month agoCapital Market - Live
Corporate
Corporate
Clean Max Enviro Energy Solutions partners with Sangam India

Clean Max Enviro Energy Solutions has announced a partnership with Sangam India to decarbonize its operations across Rajasthan. Sangam India is the flagship textile entity of the Sangam Group, headquartered in Bhilwara, Rajasthan. The collaboration includes the signing of a hybrid renewable energy supply agreement to deliver 30 MWp of solar and 20 MW of wind power, augmented with a 2 MWh Battery Energy Storage System (BESS), to five Sangam facilities across Rajasthan. The power will be supplied from CleanMax's Bhikamkor hybrid farm under an intra-state group captive structure, marking a key milestone in its national expansion strategy. Across Rajasthan, CleanMax has developed renewable energy projects at locations including Bhikamkor and Bikaner. As of March 31, 2026, the company has 525 MW of operational capacity in the state, supporting a diverse base of corporate and industrial customers

1 month agoCapital Market - Live
Corporate
Corporate
CLEANMAX commissions 185 MW hybrid renewable energy project at Kalavad, Gujarat

Clean Max Enviro Energy Solutions announced the commissioning of its 185 MW hybrid renewable energy project at Kalavad, Gujarat. The project supports the company's rapidly expanding clean energy portfolio in the state. Comprising integrated solar and wind capacity, the project has been developed over ~12 months, supplying green energy to 17 distinct corporate customers. Kalavad adds to CleanMax's hybrid build-out in Gujarat, improving its ability to deliver more consistent renewable supply for round-the-clock industrial demand. This takes its total operational capacity in the state of Gujarat currently to ~844 MW as of 31 March 2026. The project supplies renewable power to 17 corporate customers under the group captive model, wherein customers invest equity in the project complying with captive rules under the Electricity act, while securing long-term access to clean energy. Publicly listed companies like Apar Industries, Borosil Renewables, are among the customers of this project.

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 12th June 2026 is ₹1240.60. 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: 10.62%
    • Past 1 month: 6.61%
    • Past 3 months: 48.90%
    • Past 6 months: 48.08%
    • Past 1 year: 48.08%
    • Past 3 years: N/A%
    • Past 5 years: 48.08%

  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 ₹15042.74 Cr as of 12th June 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 ₹1421.20 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 159.77. The P/B (price-to-book) ratio is 4.69.

  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.