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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
₹78.10B
Dividend Yield0.82%
Average Volume (3M)19.45K
Price to Earnings (P/E)34.0
Beta (1Y)0.64
Revenue Growth-0.36%
EPS Growth-13.28%
CountryIN
Employees457
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)21.92
Shares Outstanding106,282,520
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)26.03
Revenue Forecast (FY)₹11.51B
Clean Science & Technology Ltd. Business Overview & Revenue Model
Company Description
Clean Science and Technology Limited, established in Pune, India, in 2003, is an enterprise focused on the entire lifecycle of specialized chemical products, from their research and development to manufacturing and international distribution. Its ...
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 | 9.82B | 9.57B | 9.67B | 7.91B | 9.36B | 6.85B |
| Gross Profit | 4.74B | 4.74B | 6.08B | 5.07B | 5.10B | 4.47B |
| EBITDA | 3.71B | 3.88B | 3.87B | 3.31B | 4.02B | 3.00B |
| Net Income | 2.33B | 2.30B | 2.64B | 2.44B | 2.95B | 2.28B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.83B | 16.08B | 13.96B | 11.52B | 9.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.75B | 3.75B | 3.64B | 3.13B | 3.42B | 2.97B |
| Total Debt | 0.00 | 21.39M | 21.28M | 20.30M | 20.58M | 3.31M |
| Total Liabilities | -15.84B | 1.99B | 1.91B | 1.93B | 1.42B | 1.56B |
| Stockholders Equity | 15.84B | 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
Positive
864.40
Price Trends
768.24
Positive
762.24
Positive
819.07
Negative
Market Momentum
1.27
Negative
61.38
Neutral
72.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CLEAN, the sentiment is Positive. The current price of 864.4 is above the 20-day moving average (MA) of 751.20, above the 50-day MA of 768.24, and above the 200-day MA of 819.07, indicating a neutral trend. The MACD of 1.27 indicates Negative momentum. The RSI at 61.38 is Neutral, neither overbought nor oversold. The STOCH value of 72.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CLEAN.
Clean Science & Technology Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹198.23B | 24.93 | ― | 0.41% | 15.75% | 59.22% | |
73 Outperform | ₹78.10B | 33.97 | ― | 0.66% | -0.36% | -13.28% | |
69 Neutral | ₹91.50B | 50.73 | ― | 0.62% | -2.29% | -3.26% | |
59 Neutral | ₹205.25B | 86.64 | ― | ― | 33.79% | 34.24% | |
56 Neutral | ₹117.13B | 37.65 | ― | 0.74% | 10.96% | 11.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹177.57B | 33.39 | ― | 0.20% | 27.05% | 124.16% |
* General Sector Average
IN:CLEAN
Clean Science & Technology Ltd.
794.75
-376.43
-32.14%
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1,590.60
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1,896.45
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IN:ATUL
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6,768.40
173.21
2.63%
IN:JUBLINGREA
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739.60
43.54
6.25%
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.