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

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

Based on the latest information regarding Clean Max Enviro Energy Solutions Ltd, it appears to be a compelling investment opportunity, but there are some risks to consider.On the positive side, the company demonstrates high management efficiency with a return on capital employed (ROCE) of 16.5%, indicating effective use of capital. Additionally, the low debt to EBITDA ratio of 1.96 times suggests a strong ability to service its debt, which is a reassuring sign for investors. The recent financial results are quite impressive, with a significant growth in net profit of 181.31% and a notable increase in net sales by 74.0% compared to previous quarters. This growth trajectory, combined with a fair valuation indicated by a 2.6 enterprise value to capital employed ratio, makes a strong case for buying.However, it is important to be cautious about the risks involved. A significant portion of promoter shares, 36.93%, is pledged, and this has increased by 16.91% over recent quarters. In volatile market conditions, this could exert additional downward pressure on the stock price, which is a factor to keep in mind.In summary, if you are comfortable with the risks associated with pledged shares and believe in the company's growth potential, it may be a good time to consider buying. Otherwise, holding off until there is more stability regarding the pledged shares might be prudent.

Q: What does Clean Max Enviro do?

Overview:Clean Max Enviro Energy Solutions Ltd operates in the power industry and is categorized as a small-cap company.History:The company was originally incorporated as Clean Max Enviro Energy Solutions Private Limited in 2010 in Mumbai, Maharashtra. It later changed its name to Clean Max Enviro Energy Solutions Limited, with the latest quarterly results reported for June 2026.Financial Snapshot:Net Sales: 832 Cr (Quarterly Results - Jun 2026) Net Profit: 49 Cr (Quarterly Results - Jun 2026) Market Cap: INR 14,634 Cr (Small Cap)Key Metrics:P/E: 92.00 Industry P/E: 22 Dividend Yield: 0.00% Debt-Equity: 0.13 Return on Equity: 13.59% Price to Book: 2.61 Contact Details:Details: No Company Details Available Registrar Address: Not available.

Q: Who are the peers of the Clean Max Enviro?

Peers: The peers of Clean Max Enviro are Torrent Power, NLC India, SJVN, CESC, Nava, JP Power Ven., Reliance Power, and Waaree Renewab.Quality Snapshot: Excellent management risk is observed at Torrent Power and Waaree Renewab., while Average management risk is found at NLC India, SJVN, CESC, Nava, Reliance Power, and JP Power Ven. Growth is excellent at Torrent Power and Waaree Renewab., while Good growth is seen at NLC India, and Average growth is noted at SJVN, CESC, and the rest. Capital Structure is excellent at Nava and Waaree Renewab., Average at Torrent Power and JP Power Ven., and Below Average at NLC India, SJVN, CESC, and Reliance Power.Return Snapshot: NLC India has the highest 1-year return at 19.24%, while Reliance Power has the lowest at -49.73%, with Clean Max Enviro's 1-year return being N/A. Additionally, SJVN, CESC, and Reliance Power have negative six-month returns.

Technical Trend Update: Clean Max Enviro witnessed a change in Technical Grade on 22 Sep 2026. Click here to discover latest technical change!

Mojo Score Change: Clean Max Enviro has changed its score on 23 Sep 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

2.95 lacs (-41.97%) Volume

Shareholding (Jun 2026)

FII

11.21%

Held by 42 FIIs

DII

14.67%

Held by 10 DIIs

Promoter

49.42%

Which are the latest news on Clean Max Enviro?

24-Sep-2026

Clean Max Enviro Energy Solutions Ltd Upgraded to Buy on Strong Fundamentals and Technicals
Clean Max Enviro Energy Solutions Ltd Surges 7.19% to Day's High of Rs 1470 — Outperforms Power Sector by 6.34 Percentage Points

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

06-Sep-2026

As of 05-Sep, Clean Max Enviro Energy Solutions Ltd's stock price is rising to 1,347.40, reflecting a 3.88% increase. The company's strong performance is driven by high management efficiency, impressive profit growth, and robust sales, although risks remain due to pledged promoter shares.

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

04-Sep-2026

What does Clean Max Enviro do?

01-Sep-2026

Clean Max Enviro Energy Solutions Ltd is a small-cap company in the power industry, reporting net sales of 832 Cr and a net profit of 49 Cr for June 2026. It has a market cap of INR 14,634 Cr, a P/E ratio of 92.00, and a debt-equity ratio of 0.13.

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Who are the peers of the Clean Max Enviro?

01-Sep-2026

Clean Max Enviro's peers include Torrent Power, NLC India, SJVN, CESC, Nava, JP Power Ven., Reliance Power, and Waaree Renewab. Key insights show excellent management and growth at Torrent Power and Waaree Renewab, while NLC India has the highest 1-year return at 19.24%, and Reliance Power has the lowest at -49.73%.

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How big is Clean Max Enviro?

01-Sep-2026

As of 31st August, Clean Max Enviro Energy Solutions Ltd has a market capitalization of 14,634.00 Cr, with recent Net Sales of 2,342.69 Cr and a Net Profit of 156.85 Cr.

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

28-Jul-2026

The next results date for Clean Max Enviro Energy Solutions Ltd is July 31, 2026.

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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.

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Compare Clean Max Enviro with Similar Stocks

CESC Nava SJVN

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

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

Low Debt Company with Strong Long Term Fundamental Strength

With a growth in Net Profit of 181.31%, the company declared Very Positive results in Jun 26

With ROCE of 16.5, it has a Fair valuation with a 2.7 Enterprise value to Capital Employed

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Power

Market cap

INR 16,642 Cr (Small Cap)

P/E

104.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.13

Return on Equity

13.59%

Price to Book

3.03

Revenue and Profits:

Net Sales:

832 Cr

(Quarterly Results - Jun 2026)

Net Profit:

49 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-0.19%

6 Months

65.0%

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 Upgraded to Buy on Strong Fundamentals and Technicals

Clean Max Enviro Energy Solutions Ltd has been upgraded from a Hold to a Buy rating, reflecting significant improvements across technical indicators, financial performance, and valuation metrics. The company’s recent quarterly results, combined with a shift in market sentiment and technical trends, have prompted this positive reassessment by analysts.

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Clean Max Enviro Energy Solutions Ltd Surges 7.19% to Day's High of Rs 1470 — Outperforms Power Sector by 6.34 Percentage Points

The Sensex advanced 0.50% on 23 Jun 2026, yet Clean Max Enviro Energy Solutions Ltd outpaced the broader market with a 7.19% gain, touching an intraday high of Rs 1470. This 6.34-percentage-point outperformance over the Power sector signals a distinctly stock-specific rally rather than a market-wide lift.

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

Clean Max Enviro Energy Solutions Ltd has exhibited a notable shift in its technical momentum, transitioning from a sideways trend to a mildly bullish stance. This change is underscored by recent price movements, technical indicator signals, and a recalibrated rating, signalling a cautious yet optimistic outlook for investors in the power sector.

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Announcements

Announcement under Regulation 30 (LODR)-Change in Management

21-Sep-2026 | Source : BSE

Appointment of Mr. Vipin Balan as Head - Projects of the Company

Intimation Under Regulation 30 Read With Schedule III Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015

21-Sep-2026 | Source : BSE

Intimation of sale of shares of wholly owned subsidiaries by Clean Max Enviro Energy Solutions Limited and Appointment of Vipin Balan as Head - Projects of the Company

Clarification/ Corrigendum To The Postal Ballot Notice Of The Company

15-Sep-2026 | Source : BSE

Clarification/Corrigendum to the Postal Ballot Notice of Clean Max Enviro Energy Solutions Limited (Formerly known as Clean Max Enviro Energy Solutions Private Limited)(" the Company")

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

36.93%

Institutional Holding

25.88%

ROCE (avg)

16.53%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

104

Industry P/E

Price to Book Value

2.89

EV to EBIT

16.16

EV to EBITDA

15.42

EV to Capital Employed

2.67

EV to Sales

2.84

PEG Ratio

Dividend Yield

ROCE (Latest)

16.53%

ROE (Latest)

13.59%

Technicals key factors

Indicator

Weekly

Monthly

MACD

RSI

No Signal

Bollinger Bands

Bullish

KST

Dow Theory

Mildly Bullish

OBV

Mildly Bullish

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

Shareholding

Shareholding Snapshot : Jun 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

36.9298

Mutual Funds

Held by 10 Schemes (3.16%)

FIIs

Held by 42 FIIs (11.21%)

Promoter with highest holding

Bgtf One Holdings (difc) Limited (21.28%)

Highest Public shareholder

Augment India I Holdings Llc (9.5%)

Individual Investors Holdings

3.13%

Financial

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          "field": "Operating Profit Margin (Excl OI)",
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Quarterly Results Snapshot (Standalone) - Jun'26 - QoQ

Jun'26

Mar'26

Change(%)

Net Sales

2,125.35

1,896.61

12.06%

Operating Profit (PBDIT) excl Other Income

418.21

227.36

83.94%

Interest

108.18

135.81

-20.34%

Exceptional Items

0.00

Standalone Net Profit

350.20

124.49

181.31%

Operating Profit Margin (Excl OI)

19.68%

11.99%

7.69%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Jun 2026 is 12.06% vs 24.69% in Mar 2026

Standalone Net Profit

QoQ Growth in quarter ended Jun 2026 is 181.31% vs -53.94% in Mar 2026

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

Jun'26

Change(%)

Net Sales

4,106.68

2,717.25

51.13%

Operating Profit (PBDIT) excl Other Income

877.13

544.03

61.23%

Interest

233.45

190.99

22.23%

Exceptional Items

0.00

Standalone Net Profit

642.86

430.25

49.42%

Operating Profit Margin (Excl OI)

21.36%

20.02%

1.34%

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 (Consolidated) - Mar'26

Mar'26

Mar'25

Change(%)

Net Sales

1,912.87

1,495.70

27.89%

Operating Profit (PBDIT) excl Other Income

1,132.22

900.43

25.74%

Interest

785.92

662.89

18.56%

Exceptional Items

0.00

Consolidate Net Profit

94.13

27.84

238.11%

Operating Profit Margin (Excl OI)

59.19%

60.20%

-1.01%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is 27.89% vs 7.62% in Mar 2025

Consolidated Net Profit

YoY Growth in year ended Mar 2026 is 238.11% vs 189.84% in Mar 2025

All Annual Results

Company CV

About Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd

Small 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

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