CLEANMAX Share Price | Clean Max Enviro Energy Solutions Ltd Stock Analysis & Recommendation

Q: Are Clean Max Enviro Energy Solutions Ltd latest results good or bad?

Clean Max Enviro Energy Solutions Ltd's latest results present a mixed picture. On the positive side, the company reported a consolidated net profit of ₹55.42 crores for Q4 FY26, which is a remarkable 100.43% increase quarter-on-quarter and a staggering 2152.85% rise year-on-year. Revenue also saw strong growth, with net sales reaching ₹557.46 crores, reflecting a 31.96% increase from the previous quarter and a 49.16% increase year-on-year.However, there are significant concerns regarding the company's operating margins. The operating margin (excluding other income) dropped sharply from 62.29% in Q3 FY26 to 48.01% in Q4 FY26, indicating potential issues with cost management and pricing power. Additionally, a substantial portion of the profit before tax—58.60%—came from other income, raising questions about the sustainability and quality of the earnings.Overall, while the revenue growth and profit figures are impressive, the declining margins and reliance on non-operating income suggest that the results are not entirely positive. Investors should be cautious and consider these factors when evaluating the company's performance.

Q: Should I buy, sell or hold Clean Max Enviro Energy Solutions Ltd?

Based on the current performance and financial indicators of Clean Max Enviro Energy Solutions Ltd, it would be advisable to hold your position in the company. The company has shown healthy long-term growth potential, but recent results have been flat, with net sales and operating profit remaining stagnant at an annual growth rate of 0%. The latest quarterly results indicate a significant decline in profit after tax, down 34.2% compared to the previous four-quarter average, which raises concerns about its short-term performance.Additionally, the operating profit to interest ratio is at its lowest, indicating that the company may be facing challenges in managing its interest expenses effectively. The return on capital employed (ROCE) is relatively strong at 29.7%, but the valuation appears expensive with an enterprise value to capital employed ratio of 4.8.While the stock has generated a return over the past year, the substantial increase in profits by 157% may not be sustainable given the current flat sales and profit trends. Therefore, holding your investment while monitoring the company's performance and market conditions seems to be the most prudent approach at this time.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.66 lacs (-15.78%) Volume

Shareholding (Mar 2026)

FII

29.80%

Held by 36 FIIs

DII

14.75%

Held by 13 DIIs

Promoter

49.48%

When is the next results date for Clean Max Enviro Energy Solutions Ltd?

07-May-2026

The next results date for Clean Max Enviro Energy Solutions Ltd is 12 May 2026.

View full answer

Are Clean Max Enviro Energy Solutions Ltd latest results good or bad?

14-May-2026

Clean Max Enviro Energy Solutions Ltd's latest results show strong revenue and profit growth, with a net profit of ₹55.42 crores for Q4 FY26, but declining operating margins and high reliance on other income raise concerns about sustainability. Overall, the results are mixed, warranting caution from investors.

View full answer

Should I buy, sell or hold Clean Max Enviro Energy Solutions Ltd?

14-May-2026

Why is Clean Max Enviro Energy Solutions Ltd falling/rising?

02-Jun-2026

As of 01-Jun, Clean Max Enviro Energy Solutions Ltd's stock price is 1,090.75, down 1.64% after a volatile day. Despite an initial gain, the stock has underperformed over the past week and month, reflecting broader market challenges.

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Which are the latest news on Clean Max Enviro?

02-Jun-2026

Clean Max Enviro Energy Solutions Ltd Surges 5.11% to Day's High of Rs 1136.05 — Outperforms Sector by 4.88 Percentage Points
Clean Max Enviro Energy Solutions Ltd Technical Momentum Shifts Amid Market Volatility

Compare Clean Max Enviro with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Management Efficiency with a high ROCE of 0%

Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.96 times

Healthy long term growth as Net Sales has grown by an annual rate of 0% and Operating profit at 0%

Flat results in Mar 26

With ROCE of 16.5, it has a Attractive valuation with a 2.1 Enterprise value to Capital Employed

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Power

Market cap

INR 13,258 Cr (Mid Cap)

P/E

98.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.13

Return on Equity

13.59%

Price to Book

2.26

Revenue and Profits:

Net Sales:

557 Cr

(Quarterly Results - Mar 2026)

Net Profit:

55 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

29.55%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Clean Max Enviro for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Clean Max Enviro Energy Solutions Ltd Surges 5.11% to Day's High of Rs 1136.05 — Outperforms Sector by 4.88 Percentage Points

While the Sensex struggled with a 0.39% decline, Clean Max Enviro Energy Solutions Ltd recorded a robust 5.11% gain on 2 Jun 2026, reaching an intraday high of Rs 1136.05. This 4.88 percentage-point outperformance over its sector highlights a distinctly stock-specific rally amid broader market weakness.

Read full news article

Clean Max Enviro Energy Solutions Ltd Technical Momentum Shifts Amid Market Volatility

Clean Max Enviro Energy Solutions Ltd, a mid-cap player in the power sector, has experienced a subtle but notable shift in its technical momentum, moving from a mildly bullish to a mildly bearish stance. This change reflects evolving market dynamics and technical indicator signals, which investors should carefully consider amid broader sectoral and market trends.

Read full news article

Clean Max Enviro Energy Solutions Ltd Shows Mildly Bullish Technical Shift Amid Mixed Returns

Clean Max Enviro Energy Solutions Ltd, a mid-cap player in the power sector, has exhibited a notable shift in its technical momentum, moving from a mildly bearish to a mildly bullish trend. Despite mixed returns relative to the Sensex, recent price action and technical indicators suggest a cautiously optimistic outlook for investors.

Read full news article

Announcements

Compliances-Reg.24(A)-Annual Secretarial Compliance

29-May-2026 | Source : BSE

Annual Secretarial Compliance Report for the Financial Year ended 31 March 2026

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

28-May-2026 | Source : BSE

Allotment of 3240 equity shares under Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 as amended

Announcement under Regulation 30 (LODR)-Press Release / Media Release

26-May-2026 | Source : BSE

Press Release titled CleanMax Secures ~$575 Million Through Multi-Lender transactions for ~1 GW Renewable Projects across Rajasthan and Karnatak

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

EBIT Growth (5y)

EBIT to Interest (avg)

2.54

Debt to EBITDA (avg)

1.96

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

0.77

Tax Ratio

26.15%

Dividend Payout Ratio

Pledged Shares

20.02%

Institutional Holding

44.55%

ROCE (avg)

16.53%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.26

EV to EBIT

12.82

EV to EBITDA

12.24

EV to Capital Employed

2.12

EV to Sales

2.25

PEG Ratio

Dividend Yield

ROCE (Latest)

16.53%

ROE (Latest)

13.59%

Technicals key factors

Indicator

Weekly

Monthly

MACD

RSI

Bollinger Bands

KST

Dow Theory

Mildly Bearish

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

20.0202

Mutual Funds

Held by 8 Schemes (2.26%)

FIIs

Held by 36 FIIs (29.8%)

Promoter with highest holding

Bgtf One Holdings (difc) Limited (21.31%)

Highest Public shareholder

Augment India I Holding Llc (9.52%)

Individual Investors Holdings

3.32%

Financial

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          "val2": "204.54",
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          "chgp_class": "positive"
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          "field": "Operating Profit Margin (Excl OI)",
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Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

1,896.61

1,521.01

24.69%

Operating Profit (PBDIT) excl Other Income

227.36

375.42

-39.44%

Interest

135.81

95.02

42.93%

Exceptional Items

0.00

Standalone Net Profit

124.49

270.28

-53.94%

Operating Profit Margin (Excl OI)

11.99%

24.68%

-12.69%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 24.69% vs 4.34% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is -53.94% vs 13.07% in Dec 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

2,585.67

591.90

336.84%

Operating Profit (PBDIT) excl Other Income

501.71

125.82

298.75%

Interest

138.43

82.81

67.17%

Exceptional Items

0.00

Standalone Net Profit

372.58

80.05

365.43%

Operating Profit Margin (Excl OI)

19.40%

21.26%

-1.86%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Mar'26

Change(%)

Net Sales

4,106.68

2,488.51

65.03%

Operating Profit (PBDIT) excl Other Income

877.13

353.18

148.35%

Interest

233.45

218.62

6.78%

Exceptional Items

0.00

Standalone Net Profit

642.86

204.54

214.30%

Operating Profit Margin (Excl OI)

21.36%

14.19%

7.17%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'26

Mar'26

Mar'25

Change(%)

Net Sales

6,003.29

2,270.36

164.42%

Operating Profit (PBDIT) excl Other Income

1,104.49

429.46

157.18%

Interest

369.25

190.28

94.06%

Exceptional Items

0.00

Standalone Net Profit

767.35

298.13

157.39%

Operating Profit Margin (Excl OI)

18.40%

18.92%

-0.52%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is 164.42% vs 7.78% in Mar 2025

Standalone Net Profit

YoY Growth in year ended Mar 2026 is 157.39% vs 5.57% in Mar 2025

All Annual Results

Company CV

About Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd

Mid Cap

Power

Clean Max Enviro Energy Solutions Limited was originally incorporated as `Clean Max Enviro Energy Solutions Private Limited' at Mumbai, Maharashtra as a private Company dated September 29, 2010 with the Registrar of Companies, Mumbai. Subsequently, name of the Company was changed to `Clean Max Enviro Energy Solutions Limited'. A fresh Certificate of Incorporation dated August 7, 2025 was issued by the Registrar of Companies, Maharashtra at Mumbai.

Company Coordinates

No Company Details Available