CLEAN · Clean Science and Technology Ltd · Chemical Manufacturing
CLEAN · Clean Science and Technology Ltd · Chemical Manufacturing
As of 05 Nov close
52-week range
35.8% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹268 Cr
Revenue YoY
PAT YoY
+4.7%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
5.5
P/S (TTM)
9.1
Sector P/E
20.6
Dividend yield
+0.5%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| CLEAN (this stock) | 34.7 | 5.5 | +23.7% | +14.7% | 0 | +0.5% |
| Asian Paints | 53 | 11.1 | +12.8% | +22.3% | 0.18 | +1.1% |
| Solar Industries India | 99.6 | 26.6 | +17.6% | +31.4% | 13.68 | +0.1% |
| Pidilite Industries | 61.3 | 19.4 | +17.2% | +24.4% | 0.04 | +0.7% |
Promoter
stable
FII
stable
MF
12.00% (-0.49pp)
falling 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: In the Q2 FY27 earnings conference call, Clean Science and Technology Limited reported record revenue, driven by volume growth in its base business and the HALS segment, which saw 2x year-on-year revenue growth. Export sales rose to 73% of stand-alone business, and the company achieved 12% EBITDA margins in H1 FY27. However, raw material costs increased to 43.3% of consolidated costs due to high crude-linked feedstock prices, with key materials like phenol and acetone up 50-100% YoY. Despite this, demand remained resilient. On a sequential basis, revenues grew 11% to INR226 crores, with EBITDA and PAT margins at 36% and 24%, respectively. YoY, sales grew 10% with volume stability and realization improvements. Consolidated sales grew 17% year-to-date to INR559 crores. The company highlighted backward integration efforts to reduce costs, including in-house production of intermediates for HALS products. Capital expenditure reached INR900 crores in H1 FY27, with plans to commercialize Performance Chemical 2 by Q4 FY27. The HALS segment is expanding capacity to 12,500 tons, with new advanced grades expected to launch in H2 FY27. Management noted challenges in passing on raw material cost increases to customers due to lower Chinese prices, which limits margin improvement. Capacity utilization for HALS is expected to rise to 55-60% in the coming quarters, though margins remain uncertain due to macroeconomic factors. The company also mentioned a new antioxidant product, Clean Antioxidant 962, with limited production currently.
The document highlights strong revenue growth and operational expansion but also emphasizes cost pressures and margin constraints due to raw material inflation and competitive pricing dynamics.
Sourced from an exchange-filed transcript, dated 05 Nov 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the Q1 FY26-27 earnings conference call held on August 1, 2026, management reported a steady performance despite geopolitical headwinds affecting raw material supply chains. The company achieved its highest ever consolidated sales of approximately INR 264 crores, with a 7% sequential revenue growth. Standalone revenue improved by 5% to INR 203 crores, driven by increased product realization. EBITDA and PAT margins were reported at 43% and 36%, respectively. Management highlighted the successful scale-up of the HALS business, which now constitutes 22% of sales, and noted a strategic collaboration with Geneus Chem to enhance HALS offerings. The company also announced a long-term contract with Kemin for key ingredients, ensuring supply security. Management indicated that operational efficiencies and higher-grade product sales would contribute to sustained EBITDA margin improvements. The call concluded with management expressing confidence in navigating supply chain challenges moving forward.
Management emphasized steady performance and growth initiatives despite external challenges.
Sourced from an exchange-filed transcript, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Clean Science and Technology Limited for the quarter ended June 30, 2026, reported steady performance despite global challenges. The company incurred approximately Rs. 100 crores in capital expenditure during the quarter, primarily for investment in its wholly owned subsidiary, Clean Fino Chem Ltd. Management highlighted the establishment of a European subsidiary to enhance global presence and customer engagement. The presentation noted that the company achieved its highest-ever consolidated sales, with total revenue reaching INR 268 crores, an 8% increase year-over-year. The revenue mix showed a significant contribution from performance chemicals, which accounted for 81% of total sales. Management emphasized ongoing strategic collaborations and product diversification efforts, including the successful commercialization of new products. The document also outlined the company's commitment to sustainability and corporate governance, underscoring its zero-debt status and strong financial metrics.
Management highlighted strong sales growth and strategic initiatives.
Sourced from an exchange-filed presentation, dated 01 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: On May 14, 2026, Clean Science and Technology Limited held its Q4 FY26 earnings conference call, where management reported a resilient quarter despite ongoing global challenges. The company experienced an 8% quarter-on-quarter revenue increase to INR 193 crores, driven by higher customer offtake, although year-on-year sales declined by 19%. Consolidated revenues rose 14% to approximately INR 246 crores. Management highlighted strong performance in the HALS segment, achieving record revenue, and noted a strategic focus on backward integration to enhance operational efficiency. The Promoter Directors voluntarily reduced their performance bonuses for FY26 to less than 1% of PBT. The company also announced a final dividend of INR 4 per equity share. Management discussed ongoing capex projects and the stabilization of new plants, indicating a commitment to improving productivity and efficiency.
Management reported both challenges and improvements in business performance.
Sourced from an exchange-filed transcript, dated 20 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from Clean Science and Technology Limited, dated May 14, 2026, provided an update on the company's financial performance for Q4 FY2026 and the full fiscal year. Management reported a total revenue of INR 197 crore for Q4 FY2026, reflecting a 6% increase quarter-on-quarter but a 20% decrease year-on-year. The EBITDA margin improved to 45.6%, up from 40.3% in the previous quarter. For FY2026, total revenue was INR 815 crore, down 12% from FY2025. The company incurred a capital expenditure of approximately INR 220 crore, primarily for investments in its subsidiary, Clean Fino Chem Ltd. The Board approved a final dividend of INR 4 per share, resulting in a total payout ratio of 25%. The presentation emphasized the company's commitment to sustainability and innovation, highlighting its zero-debt status and strong cash balance.
The presentation reported both positive and negative aspects of financial performance.
Sourced from an exchange-filed presentation, dated 14 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from Clean Science and Technology Limited provided an overview of the company's financial performance for Q4 FY2026 and the full fiscal year. Management reported a total revenue of INR 197 crore for Q4 FY2026, reflecting a 6% increase quarter-on-quarter but a 20% decrease year-on-year. The EBITDA margin improved to 45.6% in Q4 FY2026, up from 40.3% in the previous quarter. For FY2026, total revenue was INR 815 crore, a 12% decline from FY2025. The company incurred a capital expenditure of approximately INR 220 crore during FY2026, primarily for investments in its subsidiary, Clean Fino Chem Ltd. The Board approved a final dividend of Rs. 4 per share, resulting in a total payout ratio of 25% for the year. The presentation emphasized the company's commitment to sustainability and innovation, highlighting its zero-debt status and strong cash balance.
The presentation provided a balanced view of financial results and strategic initiatives without strong emphasis on growth or challenges.
Sourced from an exchange-filed presentation, dated 14 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings conference call for Clean Science and Technology Limited on January 31, 2026, highlighted a challenging business environment marked by muted customer demand, pricing pressures, and tariff uncertainties. Management reported a year-on-year revenue decline of 21% and a quarter-on-quarter revenue moderation to INR180 crores, primarily due to lower sales volumes in established products. However, the HALS business showed a robust year-on-year growth of 55%. The company achieved EBITDA breakeven in its subsidiary Clean Fino Chem Limited and announced an interim dividend of INR2 per share. Management discussed ongoing capital expenditures, including the commercialization of a hydroquinone and catechol plant, and emphasized a focus on customer engagement and long-term growth despite current market challenges. The call concluded with management expressing commitment to improving margins and revenues while navigating macroeconomic factors.
Management reported both challenges and positive developments in the business.
Sourced from an exchange-filed transcript, dated 04 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedClean Science and Technology Limited (CLEAN) reported a focus on expanding its product portfolio and enhancing operational efficiency in FY2025-26. The company emphasized its commitment to sustainability through initiatives like zero liquid discharge compliance and advanced environmental technologies. Strategic investments in manufacturing capacity, particularly at its subsidiary Clean Fino-Chem Limited (CFCL), were highlighted as key drivers for growth and competitive differentiation. The report also outlined risk mitigation strategies related to macroeconomic volatility, regulatory compliance, and supply chain resilience.
- Expansion of product portfolio with high-value chemicals and process technologies to secure pricing power and differentiation
- Commitment to sustainability through environmental initiatives like zero liquid discharge and advanced pollution control measures
- Strategic investment in Clean Fino-Chem Limited (CFCL) for long-term growth, including capacity expansion and tax incentives
Key takeaway: Clean Science and Technology Limited is prioritizing sustainable growth through product innovation, strategic manufacturing investments, and robust risk mitigation strategies to navigate global and regulatory challenges.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Default / Covenant Breach
1 occurrenceEarlier (1-3 years ago)
The company has statutory dues in arrears for more than six months as of 31 March 2024, including income tax and customs duty disputes with amounts disputed and paid under protest, pending before CIT Appeals and the commissioner Customs & Central Excise (Appeals).
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has contingent liabilities related to claims not acknowledged as debts, including income tax and custom duty, as of 31st March, 2026 and 2025.
Earlier (1-3 years ago)
The company has contingent liabilities related to potential changes in social security contributions under the Code on Social Security, 2020, and unacknowledged claims against it, including income tax and custom duty.
The company has a contingent liability related to potential changes in social security contributions under the Code on Social Security, 2020, which may affect its financial statements once the rules are notified.
Older (3+ years ago)
The company faces a contingent liability due to uncertainty regarding the applicability of a Supreme Court judgement dated 28th February, 2019, which held that basic wages for Provident fund purposes include special allowances common to all employees.
The company has contingent liabilities arising from a recent judgement by a court or regulatory authority, though the specific details, amount, or counterparty are not disclosed in the provided excerpt.
Related-Party Transaction
5 occurrencesRecent (last 12 months)
The Company has entered into transactions with related parties in compliance with the provisions of Sections 177 and 188 of the Act. The details of related party transactions have been disclosed in the standalone financial statements as required.
Earlier (1-3 years ago)
The company has transactions with relatives of Key Management Personnel, which may indicate a related-party concern.
The company has disclosed entities in which Key Management Personnel and their relatives have significant influence, and transactions were carried out with these entities during the year.
Older (3+ years ago)
The company has disclosed remuneration paid to the relative of key management personnel, Mr. Parth Maheshwari, as a related party transaction.
The company has disclosed related-party transactions including remuneration to relatives of key management personnel, donations to a foundation, investments in subsidiaries, and unsecured deposits with individuals, which are more than 10% of total transactions for the year ended 31st March, 2022.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has disputes over income tax demands for 2019-20, interest on TDS for 2020-21, and custom duty dues for 2011-12 and 2012-13, with amounts in dispute pending resolution in CIT Appeals and the Customs Commission.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
3.1% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).