Clean Max Enviro Energy Solutions Ltd (CLEANMAX) — shareholding pattern, promoter holding, financials and share price
About Clean Max Enviro Energy Solutions Ltd (CLEANMAX)
Clean Max Enviro Energy Solutions Ltd operates in the Power Generation industry, within the Power sector. It trades on the NSE as CLEANMAX and on the BSE under scrip code 544717. Its ISIN is INE647U01026.
The company is India’s largest Commercial & Industrial (C&I) renewable energy provider, with over 15 years of operating history. [1]
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.
Listed peers in Power Generation: Nava Ltd, Vedanta Power Ltd, Jaiprakash Power Ventures Ltd, Reliance Power Ltd, KPI Green Energy Ltd, GMR Power & Urban Infra Ltd.
Valuation & Returns
10 Jul 2026At ₹1,344.35 a share on 10 Jul 2026, Clean Max Enviro Energy Solutions Ltd (CLEANMAX) was valued at a price-to-earnings ratio of 136.86x against an industry P/E of 25.26x and a price-to-book of 3.4x on a book value of ₹395.7 per share as of Mar 2026. Solomo computes return on equity of 2.48% and return on capital employed of 5.52% from filed results. Earnings ratios use consolidated results for the twelve months Mar 2025 to Mar 2026.
- P/E
- 136.86x
- Industry P/E
- 25.26x
- P/B
- 3.4x
- EPS (TTM)
- ₹9.82
- Book value / share
- ₹395.7
- ROE
- 2.48%
- ROCE
- 5.52%
- ROA
- 0.5%
- Debt / equity
- 2.73x
- Dividend yield
- 0%
- EBITDA margin
- 68%
- 52-week range
- ₹728 – ₹1,532.8
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Clean Max Enviro Energy Solutions Ltd (CLEANMAX) reported revenue of ₹1,913 crore, net profit of ₹86 crore and earnings per share of ₹8.04. That compares with revenue of ₹1,496 crore and net profit of ₹19 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹557 crore and net profit ₹45 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 702 | 930 | 1,390 | 1,496 | 1,913 |
| Net profit (₹ cr) | 30 | -59 | -38 | 19 | 86 |
| EPS (₹) | 83.97 | -179.97 | -70.44 | 54.89 | 8.04 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 49.19% | 29.32% | 27.89% |
| Profit growth | 83.43% | 79.82% | 340.45% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 49.42% of Clean Max Enviro Energy Solutions Ltd (CLEANMAX) (down 0.06 pp QoQ), foreign institutional investors (FII) hold 11.21% and domestic institutional investors (DII) hold 14.67%. Promoters have pledged 20% of their holding. Market capitalisation was ₹15,758 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2026.
Largest disclosed public shareholders in Jun 2026: Augment India I Holdings Llc 9.5%, Jongsong Investments Pte Ltd 6.16%, Gss India Opportunities Aif - Scheme I 4.06%, SBI Life Insurance Co. Ltd 3.09%, Zulia Investments Pte. Ltd. 2.93%, DSDG Holding Aps 1.82%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 49.42% | 20% | 11.21% | 14.67% | 50.58% |
| Mar 2026 | 49.48% | 20% | 29.8% | 14.75% | 50.52% |