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CLEAN - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.8

Last Updated Time : 04 May 26, 11:57 am

Fundamental Rating: 3.8

Stock Code CLEAN Market Cap 8,705 Cr. Current Price 819 ₹ High / Low 1,600 ₹
Stock P/E 32.0 Book Value 146 ₹ Dividend Yield 0.73 % ROCE 29.3 %
ROE 21.9 % Face Value 1.00 ₹ DMA 50 762 ₹ DMA 200 933 ₹
Chg in FII Hold 3.37 % Chg in DII Hold -2.62 % PAT Qtr 51.9 Cr. PAT Prev Qtr 64.6 Cr.
RSI 65.1 MACD 24.3 Volume 4,64,731 Avg Vol 1Wk 3,92,195
Low price 652 ₹ High price 1,600 ₹ PEG Ratio 3.75 Debt to equity 0.00
52w Index 17.6 % Qtr Profit Var -30.0 % EPS 25.6 ₹ Industry PE 28.9

📊 Financials: CLEAN demonstrates strong efficiency with ROE at 21.9% and ROCE at 29.3%, supported by EPS of ₹25.6. Debt-to-equity is 0.00, highlighting a debt-free balance sheet. However, quarterly PAT declined from ₹64.6 Cr. to ₹51.9 Cr. (-30%), showing earnings weakness despite solid fundamentals.

💹 Valuation: The stock trades at a P/E of 32.0, above the industry average of 28.9, suggesting mild overvaluation. Book value of ₹146 results in a P/B of ~5.6, expensive relative to peers. PEG ratio of 3.75 indicates growth is priced in. Intrinsic value appears lower than current price, limiting margin of safety.

🏢 Business Model: CLEAN operates in industrial consumables, benefiting from manufacturing demand. Its competitive advantage lies in debt-free operations and strong efficiency ratios. Institutional sentiment is mixed, with FII holdings up (+3.37%) but DII holdings down (-2.62%).

🎯 Entry Zone: Safer entry between ₹750–780, near DMA support levels. Long-term investors may hold for 3–5 years, with exit considerations if ROE falls below 18% or earnings continue to decline.

Positive

  • Strong ROCE (29.3%) and ROE (21.9%).
  • Debt-free balance sheet ensures financial resilience.
  • EPS of ₹25.6 supports earnings visibility.
  • FII holdings increased (+3.37%), showing foreign investor confidence.

Limitation

  • Quarterly PAT declined (-30%), showing earnings weakness.
  • P/E of 32.0 above industry average (28.9), suggesting mild overvaluation.
  • PEG ratio of 3.75 indicates growth is priced in.
  • DII holdings decreased (-2.62%), showing reduced domestic confidence.
  • Dividend yield modest at 0.73%.

Company Negative News

  • Declining quarterly profits and reduced DII interest highlight cautious sentiment.

Company Positive News

  • Debt-free status strengthens balance sheet.
  • Strong efficiency ratios and increased FII holdings support investor confidence.

Industry

  • Industrial consumables sector trades at industry P/E of 28.9.
  • CLEAN’s P/E of 32.0 suggests premium valuation relative to peers.

Conclusion

✅ CLEAN is a fundamentally strong company with excellent efficiency and zero debt. However, declining profits and stretched valuations limit upside potential. Entry near ₹750–780 offers safety, while holding for 3–5 years could yield moderate returns if earnings growth stabilizes and institutional sentiment improves.

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