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CLEAN - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.8

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.8

Stock Code CLEAN Market Cap 7,628 Cr. Current Price 718 ₹ High / Low 1,600 ₹
Stock P/E 28.1 Book Value 146 ₹ Dividend Yield 0.84 % ROCE 29.3 %
ROE 21.9 % Face Value 1.00 ₹ DMA 50 784 ₹ DMA 200 993 ₹
Chg in FII Hold -1.13 % Chg in DII Hold 0.79 % PAT Qtr 51.9 Cr. PAT Prev Qtr 64.6 Cr.
RSI 41.0 MACD -21.7 Volume 3,30,020 Avg Vol 1Wk 2,58,202
Low price 674 ₹ High price 1,600 ₹ PEG Ratio 3.29 Debt to equity 0.00
52w Index 4.80 % Qtr Profit Var -30.0 % EPS 25.6 ₹ Industry PE 25.7

📊 Financial Overview

  • Revenue & Profitability: Quarterly PAT declined from 64.6 Cr. to 51.9 Cr., showing short-term weakness. EPS at 25.6 ₹ is decent but under pressure.
  • Margins & Returns: ROE at 21.9% and ROCE at 29.3% are strong, reflecting efficient capital use and profitability.
  • Debt Profile: Debt-to-equity ratio of 0.00 highlights a debt-free balance sheet, ensuring financial stability.
  • Cash Flow: Dividend yield of 0.84% provides moderate shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 28.1 vs Industry PE of 25.7 → slightly overvalued relative to peers.
  • P/B Ratio: Current Price 718 ₹ vs Book Value 146 ₹ → P/B ~4.9, expensive compared to industry norms.
  • PEG Ratio: 3.29 → suggests overvaluation relative to growth prospects.
  • Intrinsic Value: Trading above intrinsic value, limiting near-term upside.

🏢 Business Model & Competitive Advantage

  • Clean Science & Technology operates in specialty chemicals, focusing on green chemistry and sustainable processes.
  • Competitive advantage lies in innovation, niche product portfolio, and debt-free structure.
  • Strong ROE/ROCE metrics highlight operational efficiency despite profit decline.

📈 Technical & Entry Zone

  • Stock trading at 718 ₹, below 50 DMA (784 ₹) and 200 DMA (993 ₹), showing bearish momentum.
  • RSI at 41.0 indicates neutral-to-oversold momentum; MACD negative suggests short-term weakness.
  • Entry Zone: Attractive between 690–710 ₹ for cautious accumulation, with long-term holding potential.

✅ Positive

  • Strong ROE (21.9%) and ROCE (29.3%).
  • Debt-free balance sheet ensures financial stability.
  • Increase in DII holdings (+0.79%) signals domestic institutional confidence.

⚠️ Limitation

  • Quarterly PAT decline (-30%) shows short-term weakness.
  • High P/E (28.1) and P/B (~4.9) indicate premium valuation.
  • PEG ratio (3.29) suggests overvaluation relative to growth.

📉 Company Negative News

  • No major recent negative news, but profit decline and reduced FII holdings (-1.13%) raise caution.

📈 Company Positive News

  • Strong institutional confidence with DII holdings increasing (+0.79%).
  • Debt-free status and high efficiency metrics reinforce long-term strength.

🏭 Industry

  • Specialty chemicals sector benefits from rising demand in pharmaceuticals, agrochemicals, and sustainable solutions.
  • Industry PE at 25.7 indicates moderate valuations compared to CLEAN’s premium.
  • Competition from global and domestic specialty chemical players remains a challenge.

🔮 Conclusion

  • CLEAN shows strong fundamentals with debt-free status and excellent ROE/ROCE.
  • Valuation appears stretched, limiting near-term upside despite long-term sectoral demand drivers.
  • Recommendation: Accumulate cautiously in the 690–710 ₹ range for long-term holding, focusing on specialty chemical demand and sustainable growth.

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