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Q3 FY26
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Clean Max Enviro Energy Solutions Limited is an India-headquartered developer, owner and operator of commercial & industrial renewable energy projects supplying long‑tenor PPAs, onsite installations and energy services to data centres, AI customers and large corporates across India and select international markets (UAE, Thailand). The company positions itself as a net‑zero partner to corporates.
The business delivered strong financial momentum in 9M Dec'25 with 29% revenue growth and 33% EBITDA growth driven by capacity commissioning and operating leverage; reported PAT rose materially from prior year as margins improved and assets stabilized, while weighted average project borrowing cost fell to 8.7% enabling interest cost relief.
Scale and contracted visibility are core strengths: CleanMax reports 5.7 GW contracted RE Power Sales capacity (3.0 GW operational + 2.7 GW under execution) and a 70%+ solar, 30% wind mix, translating into an estimated run‑rate EBITDA approaching INR 1,790 crore from operational assets and a substantial near‑term commissioning pipeline.
Data & AI customers are a transformative demand driver, comprising ~42% of contracted capacity and growing ~10x over two years; CleanMax monetises this through long‑tenor PPAs and Environmental Attribute Purchase Agreements (EAPAs), creating differentiated pricing versus auctioned utility supply and higher unit economics.
Capital intensity is high but managed: the company has increased gross block and CWIP materially, net debt rose alongside commissioning, and management emphasizes conservative underwriting, strategic equity JVs (Osaka Gas) and refinancing to improve equity efficiency and lower blended cost of funds.
Power
Power Generation
11,698 Cr
Low Risk
301.1
25.6
3.1
3.0
958.40
728.00
Sales CAGR
Profit CAGR
ROE
ROCE
Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.
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| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
15.14 | 13,152 Cr | 20.74 | 1.03 | 0.00 | 5.83 | 9.22 | 3.43 | ||
23.40 | 11,866 Cr | 35.89 | 0.77 | 0.00 | 1.81 | 6.05 | 0.68 | ||
840.00 | 11,698 Cr | 301.08 | 3.02 | 0.00 | 2.28 | 8.39 | 0.00 | ||
406.95 | 8,848 Cr | 18.78 | 3.34 | 0.18 | 14.97 | 12.93 | 7.43 | ||
110.00 | 8,590 Cr | 11.38 | 3.89 | 0.00 | -30.37 | 9.07 | 4.67 | ||
145.10 | 6,552 Cr | 68.31 | 2.77 | 0.00 | 2.95 | 4.72 | 3.31 | ||
8.27 | 5,252 Cr | 33.08 | 1.16 | 0.00 | 1.89 | 6.35 | 1.36 | ||
| Median: 7 Co. | — | 110.00 | 8,848 Cr | 33.08 | 2.77 | 0.00 | 2.28 | 8.39 | 3.31 |
Clean Max Enviro Energy Solutions Ltd (CLEANMAX) is currently trading at 1,000.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Clean Max Enviro Energy Solutions Limited is an India-headquartered developer, owner and operator of commercial & industrial renewable energy projects supplying long‑tenor PPAs, onsite installations and energy services to data centres, AI customers and large corporates across India and select international markets (UAE, Thailand). The company positions itself as a net‑zero partner to corporates. The business delivered strong financial momentum in 9M Dec'25 with 29% revenue growth and 33% EBITDA growth driven by capacity commissioning and operating leverage; reported PAT rose materially from prior year as margins improved and assets stabilized, while weighted average project borrowing cost fell to 8.7% enabling interest cost relief. Scale and contracted visibility are core strengths: CleanMax reports 5.7 GW contracted RE Power Sales capacity (3.0 GW operational + 2.7 GW under execution) and a 70%+ solar, 30% wind mix, translating into an estimated run‑rate EBITDA approaching INR 1,790 crore from operational assets and a substantial near‑term commissioning pipeline. Data & AI customers are a transformative demand driver, comprising ~42% of contracted capacity and growing ~10x over two years; CleanMax monetises this through long‑tenor PPAs and Environmental Attribute Purchase Agreements (EAPAs), creating differentiated pricing versus auctioned utility supply and higher unit economics. Capital intensity is high but managed: the company has increased gross block and CWIP materially, net debt rose alongside commissioning, and management emphasizes conservative underwriting, strategic equity JVs (Osaka Gas) and refinancing to improve equity efficiency and lower blended cost of funds.
Over the past 52 weeks, Clean Max Enviro Energy Solutions Ltd has traded between a low of ₹728.00 and a high of ₹958.40. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Clean Max Enviro Energy Solutions Ltd has a market capitalization of approximately 11,697.97. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Clean Max Enviro Energy Solutions Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 301.08 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 11,697.97 Cr, Clean Max Enviro Energy Solutions Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Clean Max Enviro Energy Solutions Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Clean Max Enviro Energy Solutions Ltd is 301.08. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Clean Max is targeting an annualized EBITDA (operating earnings) run rate of ₹3,000 crore by the financial year 2027 (FY27).
Clean Max reported a consolidated net profit of ₹211.77 million, a significant turnaround from a loss in the previous year. Standalone net profit surged 159% to ₹2,702.78 million, and consolidated revenue grew 13.9% to ₹4,662.82 million.
Clean Max focuses on the commercial and industrial (C&I) sector, supplying renewable energy directly to corporate clients through long-term Power Purchase Agreements (PPAs) that average 23 years.
Clean Max Enviro Energy Solutions is India's largest commercial and industrial (C&I) renewable energy provider, offering solar, wind, and hybrid power solutions, as well as decarbonisation and carbon credit services.
Postal Ballot Notice
Clean Max Enviro issued a Postal Ballot Notice (17 Apr 2026) seeking shareholder approval for amendments to MOA/AOA, appointment and remuneration of Mr. Dinesh Khara, ratification/amendment and extension of ESOP, and numerous material related‑party transactions with subsidiaries.
MOA Amendment
Company filed a revised Regulation 30 disclosure updating proposed amendments to its Memorandum and Articles of Association to expand main objects to clean energy, carbon removal, consulting, REC/carbon trading, power operations and subsidiary support; amendments remain subject to members' approval.
Hybrid Power Agreement
CleanMax signed a hybrid renewable supply agreement to deliver 30 MWp solar, 20 MW wind and 2 MWh BESS to five Sangam India facilities in Rajasthan under an intra‑state group captive structure, expanding its Rajasthan footprint.
Hybrid Renewable PPA
CleanMax will supply round‑the‑clock power via a 30 MWp solar + 20 MW wind hybrid project with 2 MWh BESS to five Sangam India facilities in Rajasthan under an intra‑state group captive structure to decarbonize operations.
