Clean Science & Technology Ltd. (IN:CLEAN)
:CLEAN
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Clean Science & Technology Ltd.
(CLEAN)
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Rating:73Outperform
Price Target:
₹856.00
▼(-0.97% Downside)
Action:Upgraded
Date:05/16/26
The score is driven primarily by strong financial quality—especially the exceptionally conservative balance sheet and solid profitability—partly offset by recent growth/margin normalization and inconsistent free-cash-flow conversion. Technicals are mixed-to-weak versus key moving averages, and valuation support is limited due to a ~30x P/E and low dividend yield.
Positive Factors
Conservative balance sheet
Near‑debt-free balance sheet and steady equity growth give the company durable financial flexibility. This conservatism supports capital spending, R&D or cyclical cushioning without levering up, preserving investment capacity and lowering bankruptcy risk over the medium term.
Negative Factors
Recent revenue decline
A decline in revenue and normalization versus earlier high‑growth years suggests the company may be hitting market or pricing limits. Slower top‑line momentum reduces leverage on fixed costs, constrains absolute profit growth, and makes margin recovery more difficult over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near‑debt-free balance sheet and steady equity growth give the company durable financial flexibility. This conservatism supports capital spending, R&D or cyclical cushioning without levering up, preserving investment capacity and lowering bankruptcy risk over the medium term.
Read all positive factors
Clean Science & Technology Ltd. (CLEAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹80.46B
Dividend Yield0.66%
Average Volume (3M)19.45K
Price to Earnings (P/E)36.9
Beta (1Y)0.68
Revenue Growth-1.06%
EPS Growth-13.17%
CountryIN
Employees457
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)24.96
Shares Outstanding106,277,300
10 Day Avg. Volume21,755
30 Day Avg. Volume19,449
Financial Highlights & Ratios
PEG Ratio-2.31
Price to Book (P/B)4.40
Price to Sales (P/S)7.29
P/FCF Ratio93.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)27.6
Revenue Forecast (FY)₹11.68B
Clean Science & Technology Ltd. Business Overview & Revenue Model
Company Description
Clean Science and Technology Limited engages in the research, development, manufacture, and marketing of specialty chemicals in India and internationally. The company offers anisole, mono methyl ether of hydroquinone, guaiacol, 4-methoxy acetophen...
How the Company Makes Money
Clean Science & Technology makes money by manufacturing and selling specialty chemicals (and related intermediates) to customers who use them as input materials in their own products and formulations. Revenue is primarily generated from product sa...
Clean Science & Technology Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
96
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.92B | 9.57B | 9.67B | 7.91B | 9.36B | 6.85B |
| Gross Profit | 6.34B | 4.74B | 6.08B | 5.07B | 5.10B | 4.47B |
| EBITDA | 3.88B | 3.55B | 3.87B | 3.31B | 4.02B | 3.00B |
| Net Income | 2.65B | 2.30B | 2.64B | 2.44B | 2.95B | 2.28B |
Balance Sheet | ||||||
| Total Assets | 16.84B | 17.83B | 16.08B | 13.96B | 11.52B | 9.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.83B | 3.75B | 3.64B | 3.13B | 3.42B | 2.97B |
| Total Debt | 41.02M | 21.39M | 21.28M | 20.30M | 20.58M | 3.31M |
| Total Liabilities | 1.84B | 1.99B | 1.91B | 1.93B | 1.42B | 1.56B |
| Stockholders Equity | 15.00B | 15.84B | 14.16B | 12.03B | 10.10B | 7.68B |
Cash Flow | ||||||
| Free Cash Flow | 591.36M | 746.39M | 718.88M | 47.96M | 959.57M | -124.09M |
| Operating Cash Flow | 1.54B | 2.76B | 2.14B | 2.37B | 2.79B | 1.27B |
| Investing Cash Flow | -1.27B | -2.04B | -1.52B | -1.86B | -2.70B | -785.51M |
| Financing Cash Flow | -423.13M | -632.63M | -525.09M | -531.91M | -550.26M | -1.47M |
Clean Science & Technology Ltd. Technical Analysis
Negative
864.40
Price Trends
756.25
Positive
780.80
Negative
913.06
Negative
Market Momentum
-7.33
Positive
44.57
Neutral
18.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CLEAN, the sentiment is Negative. The current price of 864.4 is above the 20-day moving average (MA) of 801.26, above the 50-day MA of 756.25, and below the 200-day MA of 913.06, indicating a neutral trend. The MACD of -7.33 indicates Positive momentum. The RSI at 44.57 is Neutral, neither overbought nor oversold. The STOCH value of 18.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CLEAN.
Clean Science & Technology Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹80.46B | 36.93 | ― | 0.66% | -1.06% | -13.17% | |
69 Neutral | ₹86.51B | 46.92 | ― | 0.62% | -2.29% | -3.26% | |
67 Neutral | ₹137.47B | 30.39 | ― | 0.48% | -0.95% | 9.51% | |
64 Neutral | ₹143.27B | 34.00 | ― | 0.26% | 4.43% | 1.60% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹181.46B | 40.98 | ― | 0.26% | 14.15% | 26.69% | |
57 Neutral | ₹155.25B | 86.50 | ― | 0.06% | 64.44% | 77.60% |
* Basic Materials Sector Average
IN:CLEAN
Clean Science & Technology Ltd.
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-48.33%
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Clean Science & Technology Ltd. Corporate Events
Clean Science Says Trading Volume Surge Is Market-Driven, No Undisclosed News
Apr 24, 2026
Clean Science and Technology Ltd. has responded to a query from the National Stock Exchange of India regarding a recent significant increase in trading volume in its shares. The company stated that it has been fully compliant with SEBI disclosure ...
Clean Science Updates Authorised Officials for SEBI Materiality Disclosures
Apr 17, 2026
Clean Science Technology Ltd. has updated its internal authorization framework for assessing the materiality of corporate events that require disclosure to stock exchanges, in line with Regulation 30(5) of the SEBI Listing Regulations. The board,...
Clean Science & Technology reinforces promoter-led leadership with new top management terms
Apr 1, 2026
Clean Science Technology Ltd. has announced changes in its top management, with shareholder approvals formalizing the reappointment of promoter-director Krishnakumar Ramnarayan Boob as Whole-Time Director for a five-year term from 1 April 2026 to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.