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Clean Science and Technology Limited (CLEAN) Fair Value & Analysis

Basic Materials · IN · Market cap ₹86.9B (≈ $921M) · ISIN INE227W01023

What is Clean Science and Technology Limited really worth?

CS Clean Science and Technology Limited CLEAN · BSE
Price₹836.35
Fair Value₹311.15
Upside−62.8%
Quality58/100

A solid business, but trading 169% above our fair value of ₹311.15.

As of Aug 20, 2026, the fair value of Clean Science and Technology Limited is ₹311.15 per share against a price of ₹836.35, so the fair value sits 63% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

Strengths

Highly profitable · 23.7% net margin
Low debt · generates free cash flow
Wide moat 79/100

Risks

!Expensive Growth (revenue 5y +13.2 %/yr)
Evidence: High Range ₹163.86 – ₹459.17

Fair value as of: Aug 20, 2026

From 24 valuation models · updated 17 days ago

Share price +8.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹459.17). The favourable scenario is already priced in.
  • The model range is unusually wide (₹163.86 to ₹459.17). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

₹2,614 ₹656.70 Fair Value ₹311.15 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹656.70 – ₹2,614 · fair‑value band ₹163.86 – ₹459.17 · the ₹836.35 price screens above the ₹311.15 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Clean Science and Technology Limited (CLEAN) currently trades at ₹836.35, while our model-based Fair Value estimate is ₹311.15, implying the stock looks roughly 168.8% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ₹413.28 per share, and 0 of the 24 models we run sit above the ₹836.35 price. Bear case: the Asset-Based group reads lowest at ₹99.84, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Clean Science and Technology Limited generated revenue of ₹9.8B at a net margin of 23.7%. Revenue grew 10.5% year over year. It earns a return on equity of 15.3%. The stock trades on a trailing P/E of 38.2. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹163.86 (bear case) to ₹459.17 (bull case); at ₹836.35, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −63%, CLEAN screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹9.53 per share, which is 2.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF ₹97.37 ₹185.74 ₹352.12 76
Growth DCF ₹95.56 ₹174.41 ₹314.07 75
EPV ₹184.88 ₹215.25 ₹241.83 74
All 24 models by family
DCF Models
FCF DCF ₹97.37 ₹185.74 ₹352.12 76
Owner Earnings ₹139.56 ₹268.86 ₹507.72 72
5Y Revenue Exit ₹96.64 ₹177.93 ₹292.11 70
5Y EBITDA Exit ₹195.67 ₹391.37 ₹649.01 72
5Y P/E Exit ₹210.88 ₹424.14 ₹680.68 68
10Y Revenue Exit ₹92.85 ₹171.75 ₹300.82 64
10Y EBITDA Exit ₹163.11 ₹332.21 ₹612.90 65
10Y P/E Exit ₹173.38 ₹356.85 ₹640.59 61
Earnings-Based
Graham-Dodd ₹146.93 ₹788.07 ₹1,092 63
Lynch FV ₹217.81 ₹311.15 ₹404.50 61
PEG = 1.0 ₹217.81 ₹311.15 ₹404.50 57
EPV ₹184.88 ₹215.25 ₹241.83 74
Multiples
P/E Multiple ₹275.50 ₹367.34 ₹459.17 63
P/S Multiple ₹99.73 ₹132.97 ₹166.21 58
P/B Multiple ₹275.50 ₹367.34 ₹459.17 55
EV/EBIT ₹278.94 ₹371.04 ₹463.14 66
EV/EBITDA ₹254.74 ₹338.77 ₹422.81 67
EV/Revenue ₹95.71 ₹135.61 ₹175.50 54
Asset-Based
NCAV (Graham) ₹74.51 ₹99.84 ₹149.02 54
Growth DCF
Growth DCF ₹95.56 ₹174.41 ₹314.07 75
Rev-Margin DCF ₹96.64 ₹174.83 ₹280.80 71
Economic Profit
Residual Income ₹147.15 ₹190.46 ₹499.86 68
ROIC Compounder ₹204.24 ₹286.39 ₹375.48 71
Growth Earnings
Growth-Adj P/E ₹289.30 ₹413.28 ₹537.27 67

Widest divergence: Growth Earnings (₹413.28) versus Asset-Based (₹99.84). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 38.2
P/S ratio 9.32 P/E × margin
EPS (TTM) ₹21.87 price ÷ EPS = P/E 38.2
Dividend yield 0.7% payout 28.1%
Net margin 24.4% FY2026
Return on equity 15.3% TTM
More key figures
Profitability
Return on assets (EBIT) 23.5% avg 5y
Operating margin 28.1% TTM
Growth
Revenue (TTM) ₹9.8B TTM
Revenue growth (YoY) +10.5% 3y avg +0.2%
EPS growth (YoY) +4.7%
Balance sheet & cash flow
Free cash flow ₹735M FY2026

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 45

Profitability 65
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Clean Science and Technology Limited, research, develops, manufactures, and markets specialty chemicals in India and internationally. The company operates through Performance Chemicals, FMCG Chemicals, and Pharma & Agro Intermediates segments.

Full company description

Clean Science and Technology Limited, research, develops, manufactures, and markets specialty chemicals in India and internationally. The company operates through Performance Chemicals, FMCG Chemicals, and Pharma & Agro Intermediates segments. It also offers FMCG Chemicals, including anisole, guaiacol, 4-methoxy acetophenone, butylated hydroxy anisole, veratrole, L-ascorbyl palmitate, tertiary butyl hydroquinone, ortho methoxy toluene, and para di-methoxy benzene (1,4-DMB). In addition, the company offers performance chemicals comprising clean light stab 770, 4-hydroxy tempo, mono methyl ether of hydroquinone, butylated hydroxy anisole, L-ascorbyl palmitate, 2,5-di-tertiary butyl hydroquinone, tertiary butyl hydroquinone, and dimethyl sebacate. Further, it provides pharma and agro intermediates, such as dicyclohexylcarbodimide, veratrole, para benzoquinone, and para di-methoxy benzene (1,4-DMB). Clean Science and Technology Limited serves food and infant food formulations, agricultural chemicals, polymers and monomers, perfumes, cosmetic, and other sectors. The company was incorporated in 2003 and is based in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Clean Science and Technology Limited reported revenue of ₹9.4B in FY2026 versus ₹6.8B in FY2022, a compound +8.6%/yr. Reported net income was ₹2.3B in FY2026, compounding +0.1%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹9.4B
Latest YoY
−0.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.2%
Avg. revenue growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.9%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+3.7% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+3.0%
Dividend yield0.7%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.47.8% (2021) → 29.7% (2026) · falling
Worst earnings drop17% (2024) · in INR
Revenue +8.6%/yr
FY22 ₹6.8B
FY23 ₹9.4B
FY24 ₹7.8B
FY25 ₹9.5B
FY26 ₹9.4B
Net income +0.1%/yr
FY22 ₹2.3B
FY23 ₹3.0B
FY24 ₹2.4B
FY25 ₹2.6B
FY26 ₹2.3B

CLEAN screens 169% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Clean Science and Technology Limited Fair Value". https://www.fairvalue-calculator.com/stock/CLEAN.BSE

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 38.2× · Pricier than median
P/B 5.49× · Pricier than 75% of peers
P/S (TTM) 8.85× · Pricier than 75% of peers
P/FCF 1.3× · Cheaper than median
EV/EBITDA 24.6× · Pricier than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
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500820 500820 ₹2,757 ₹557.43 −80%
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Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
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Frequently asked questions

Is Clean Science and Technology Limited (CLEAN) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹311.15 versus a price of ₹836.35, about −63% upside (overvalued).
What is the fair value of CLEAN?
Our model-based fair value for Clean Science and Technology Limited is ₹311.15 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹836.35.
What is the quality score of CLEAN?
Clean Science and Technology Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Clean Science and Technology Limited (CLEAN)?
Our model-based price target is the fair value of ₹311.15 (as of Aug 20, 2026) from 24 valuation models. Cautious scenario ₹163.86, optimistic scenario ₹459.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Clean Science and Technology Limited stock forecast for 2026?
Our models put fair value at ₹311.15, about −63% upside versus a price of ₹836.35 (overvalued). Cautious scenario ₹163.86, optimistic scenario ₹459.17. The calculation is refreshed regularly with new filings.
What is the revenue of Clean Science and Technology Limited (CLEAN)?
Clean Science and Technology Limited reported trailing-twelve-month revenue of about ₹9.8B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of CLEAN?
The net profit margin of Clean Science and Technology Limited is about 23.7%, meaning it keeps roughly 23.7% of revenue as net income. Based on the latest reported figures.
Does Clean Science and Technology Limited pay a dividend?
Clean Science and Technology Limited currently shows a dividend yield of about 0.73% relative to its recent price (as of Aug 20, 2026).
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