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Clean Max Enviro Energy Solutions Ltd.

1,243.00−17.10 (−1.36%)

BSE · 30 Oct, 4:01 PM

: ₹14,611.90 Cr
: 155.23
: 3,516
: ₹1,269.05 - ₹1,234.20
: ₹1,532.80 - ₹728.00

Clean Max Enviro Energy Solutions Ltd. (CLEANMAX) share price closed at ₹1,243.00 on the BSE on Friday, October 30, 2026, down by 1.36% from its of ₹1,260.10. In that session CLEANMAX reached a of 1,269.05 and of 1,234.20. The for the session was 1,245.98. The stands at 1,299.93. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹1,252.75

₹1,260.10

₹1,245.98

₹1,299.93

Price 4.38% below

Key Fundamentals

: 14,611.90 Cr₹14.61 Thousand Crore
: 8.00
: 155.23
: 3.17
: 391.98
: 1,296.15 Cr₹1.30 Thousand Crore
: 0.00 %
Sector
Industry: Power Generation/Distribution
: 2.43
: 2.72

Industry Comparison

Ratio	Company	Sector
	155.23	19.46
	2.72	1.30
	3.17	2.60
	0.66	1.34
	0.00 %	0.00 %
Operating Margin	59.13 %	34.23 %

Sector figures are the median of 31 listed Power companies.

Peer Comparison

Name
ADANI POWER ADANIPOWER	189.40	20.04	3,65,252.12	0.00	7,019.32	141.51%	19,438.68	44.45%	17.79
NTPC LTD NTPC	316.00	11.04	3,06,414.65	2.85	6,896.44	12.90%	50,740.96	7.81%	8.52
POWER GRID POWERGRID	264.50	15.48	2,46,000.97	3.40	3,598.42	-0.89%	11,496.72	2.68%	9.74
ADANIGREEN ADANIGREEN	1,295.35	113.86	2,13,366.96	0.00	747.00	15.99%	4,258.00	41.56%	9.90
ADANIENSOL ADANIENSOL	1,345.55	44.38	1,64,554.64	0.00	1,363.92	144.82%	10,075.54	52.76%	9.71
TATA POWER TATAPOWER	345.10	28.54	1,10,271.17	0.72	1,400.86	10.98%	19,051.26	5.63%	11.63
JSW ENERGY JSWENERGY	500.00	39.53	91,674.14	0.40	1,141.04	38.43%	6,368.47	23.00%	8.50
Clean Max Enviro Energy Solutions Ltd. CLEANMAX	1,243.00	155.23	14,611.90	0.00	55.17	432.43%	832.16	106.83%	6.69

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	373.73	445.51	402.34	422.46	557.46	832.16
Expenses	189.42	188.74	356.94	159.32	289.84	665.95
	184.31	256.76	45.40	263.14	267.62	166.20
	49.32%	57.63%	11.28%	62.29%	48.01%	19.97%
	35.63	49.63	8.90	43.83	82.12	41.95
Interest	153.67	203.64	0.00	189.67	180.18	0.00
	82.90	80.93	83.45	110.98	96.68	114.63
	-16.53	26.21	-29.54	6.63	75.26	94.00
	73.88%	34.26%	43.81%	-219.36%	39.68%	41.30%
	2.46	22.01	-14.20	27.65	55.42	48.52
	0.49	4.34	-2.80	2.69	4.73	4.14

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00
INCOME :
Operating Income	929.58	1,389.84	1,495.70	1,912.87
Operating Income (Net)	929.58	1,389.84	1,495.70	1,912.87
EXPENDITURE :
Power Generation & Distribution Cost	427.46	451.45	410.75	502.09
Employee Cost	67.51	158.45	104.68	103.71
General and Administration Expenses	45.17	59.10	62.00	76.20
Selling and Distribution Expenses	1.98	2.52	1.25	5.50
Miscellaneous Expenses	12.59	11.85	15.83	94.27
	554.70	683.36	594.52	781.77
Operating Profit (Excl OI)	374.88	706.48	901.19	1,131.10
	31.40	35.47	116.07	165.06
	406.28	741.95	1,017.26	1,296.16
Interest	217.58	504.76	665.07	787.51
PBDT	188.70	237.19	352.19	508.64
	117.62	221.53	299.99	379.91
Profit Before Taxation & Exceptional Items	71.08	15.66	52.20	128.73
Exceptional Income / Expenses	-89.19	-10.77
	-18.11	4.89	59.75	134.98
Provision for Tax	43.32	43.84	40.32	49.40
	-61.43	-38.95	19.43	85.58
Extra items			0.00	0.00
Minority Interest	-5.80	6.66	8.41	8.56
Share of Associate	1.95	1.31
Consolidated Net Profit	-65.27	-30.99	27.84	94.13
Profit Balance B/F	-410.68	-536.98	-610.60	-506.40
Appropriations	-475.95	-567.97	-582.76	-412.26
	-179.95	-70.44	54.90	8.04
Adjusted EPS	-9.00	-3.52	2.74	8.04

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	3.63	4.40	5.07	11.71
Share Warrants & Outstandings	27.50	45.29	88.56	83.08
Total Reserves	1,179.62	1,783.78	2,469.85	4,543.47
Reserve excluding Revaluation Reserve	1,179.62	1,783.78	2,469.85	4,543.47
Revaluation reserve	0.00	0.00
	1,210.74	1,833.47	2,563.48	4,638.27
Minority Interest	258.01	400.51	641.29	885.27
Secured Loans	3,618.52	5,195.42	7,126.84	10,916.25
Unsecured Loans				396.17
Deferred Tax Assets / Liabilities	-0.51	-17.34	9.12	-2.29
Other Long Term Liabilities	152.48	149.30	228.03	579.48
Long Term Provisions	3.69	4.52	5.38	10.39
Total Non-Current Liabilities	3,774.18	5,331.89	7,369.37	11,900.00
Trade Payables	1,119.37	788.16	1,295.43	3,481.22
Other Current Liabilities	410.46	419.89	1,043.21	853.46
Short Term Borrowings	50.00	50.74	99.66	626.47
Short Term Provisions	49.43	26.65	12.28	168.06
Total Current Liabilities	1,629.26	1,285.44	2,450.57	5,129.21
Total Liabilities	6,872.19	8,851.31	13,024.72	22,552.75
Gross Block	3,310.28	7,251.89	8,963.21	13,242.63
Less: Accumulated Depreciation	381.12	602.61	903.36	1,288.78
	2,929.17	6,649.29	8,059.85	11,953.85
	2,682.15	677.47	1,912.54	5,339.21
Non Current Investments	45.23	89.54	76.15	136.75
Long Term Investment	45.23	89.54	76.15	136.75
Long Term Loans & Advances	112.31	153.51	657.42	659.32
Other Non Current Assets	143.41	272.73	449.09	1,054.94
Total Non-Current Assets	5,912.76	7,844.71	11,155.55	19,147.63
Currents Investments	3.31	3.39
Inventories	76.75	39.96	52.08	39.95
Sundry Debtors	169.41	251.75	188.07	277.88
Cash and Bank	530.50	382.36	1,189.39	2,287.96
Other Current Assets	42.04	84.82	115.64	280.93
Short Term Loans and Advances	137.44	244.34	323.99	518.39
Total Current Assets	959.44	1,006.61	1,869.17	3,405.12
Net Current Assets (Including Current Investments)	-669.82	-278.84	-581.40	-1,724.10
Total Assets	6,872.19	8,851.31	13,024.72	22,552.75
	365.75	648.61	871.87	1,232.86
Total Debt	3,843.42	5,514.56	7,973.70	12,400.34
	3,262.32	4,064.97	4,879.57	389.07
Adjusted Book Value	163.12	203.25	243.98	389.07

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00
	71.08	15.66	59.75	134.98
Adjustment	335.06	726.27	902.23	1,092.79
Changes In working Capital	536.02	-555.69	524.17	578.77
Cash Flow after changes in Working Capital	942.16	186.24	1,486.14	1,806.54
Cash Flow from Operating Activities	927.65	86.28	1,404.20	1,731.24
Cash Flow from Investing Activities	-3,010.77	-1,938.60	-3,617.05	-5,957.47
Cash Flow from Financing Activitie	2,144.33	1,788.78	2,481.24	5,095.40
Net Cash Inflow / Outflow	61.21	-63.55	268.39	869.17
Opening Cash & Cash Equivalents	51.95	113.17	49.62	328.59
Cash & Cash Equivalent on Amalgamation / Take over / Merger			10.58	0.11
Effect of Foreign Exchange Fluctuations				4.10
Closing Cash & Cash Equivalent	113.17	49.62	328.59	1,201.96

Ratios

Valuation

155.23

3.17

19.08

7.64

8.00

391.98

Profitability

2.43

6.69

0.48

59.13

4.47

Leverage & Liquidity

2.72

0.66

1.17

Returns

0.00

0.11

Shareholding Pattern

Numbers in percentages

Particulars	Feb '26	Mar '26	Jun '26	Sep '26
	49.48	49.48	49.42	49.28
	45.12	44.55	25.88	33.32
	5.40	5.97	24.70	17.40
	50.52	50.52	50.58	50.72
No. of Shareholders	34,276	31,746	23,620	29,563

Mutual Funds Invested(82)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 45 active funds hold 6.03% in Clean Max Enviro Energy Solutions Ltd., contributing to ₹942 Cr of holdings

Fund				As of
ID Bandhan Small Cap Fund - Growth - Direct PlanSmall cap Fund	71.67	0.20	5,40,000	Sep '26
AX Axis ESG Integration Strategy Fund - Growth - Direct PlanEquity - Thematic Fund - Other	68.93	6.94	5,19,331	Sep '26
HD HDFC Business Cycle Fund - Growth - Direct PlanEquity - Thematic Fund - Other	63.02	2.38	4,74,838	Sep '26
CR Canara Robeco Small Cap Fund - Growth - Direct PlanSmall cap Fund	61.32	0.44	4,62,028	Sep '26
TR TRUSTMF Small Cap Fund - Growth - Direct PlanSmall cap Fund	54.13	1.40	4,07,816	Sep '26
FT Franklin India Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	48.99	1.47	3,69,121	Sep '26
MM Mahindra Manulife Mid Cap Fund - Growth - Direct PlanMid Cap Fund	44.27	0.88	3,33,566	Sep '26
IP ICICI Prudential Energy Opportunities Fund - Growth - Direct PlanEnergy & Power	40.43	0.50	3,04,616	Sep '26
MM Mahindra Manulife Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	35.78	1.30	2,69,588	Sep '26
CR Canara Robeco Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	33.41	0.59	2,51,748	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-29	Board Meeting	Quarterly Results
2026-07-27	Board Meeting	Amalgamation & Quarterly Results & Inter-alia to transact the following business:- i. The un-audited standalone and consolidated financial results for the quarter ended 30 June 2026. ii. Issuance of listed, rated, redeemable, non-convertible debentures/bond on private placement basis. iii. Amendment in terms and conditions of the Debenture Trust Deed dated 27 October 2025. iv. The draft composite scheme of amalgamation among Clean Max Aditya Power Private Limited, CleanMax IPP 1 Private Limited, CMES Power 1 Private Limited, CMES Infinity Private Limited and Clean Max Enviro Energy Solutions Limited and matters related thereto. v. The proposal for grant of in-principle approval of corporate restructuring by way of amalgamation/merger of the Company and its subsidiaries.
2026-07-01	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-05-22	Arsikere Vasanthkumar Tejus	Invocation Of Pledged	Sell	3,000
2026-05-22	Ashu Gupta	Invocation Of Pledged	Sell	20,540
2026-05-22	Chintan Shah	Market	Sell	1,000
2026-05-22	Paurush Chaturvedi	Market	Sell	6,379
2026-05-22	Pranjal Paul	Market	Sell	5,000
2026-05-22	Vamsi Krishna Pilla	Market	Sell	48
2026-05-22	Vamsi Krishna Pilla	Market	Sell	2,036

Sector Overview

PowerPower Generation/Distribution

Clean Max Enviro Energy Solutions Ltd. operates in the Power sector under the Power Generation/Distribution industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Ullash Parida

Company Secretary & Compliance Officer

—

Kuldeep Jain

Chairman & Managing Director

₹8.76 Cr

Mar '26

Pratap Jain

Non Independent & Non Executive Director

—

Murzash Manekshana

Non Independent & Non Executive Director

—

Nawal Saini

Non Independent & Non Executive Director

—

Ajay Kaul