CLEAN MAX ENVIRO EN SOL L (CLEANMAX) Fair Value & Analysis
Utilities · IN · Market cap ₹157B
Fair value as of: Aug 13, 2026
From 11 valuation models · updated 3 days ago
Share price −1.3% over the past month.
Below-average quality, and screening another 81% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹234.11). The favourable scenario is already priced in.
- Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 months)
White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.
How to read this chart
5‑month range ₹769.70 – ₹1,494 · fair‑value band ₹172.04 – ₹234.11 · the ₹1,249 price screens above the ₹234.11 fair value. As of Aug 13, 2026.
Analysis
CLEAN MAX ENVIRO EN SOL L (CLEANMAX) currently trades at ₹1,249, while our model-based Fair Value estimate is ₹234.11, implying the stock looks roughly 81.3% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, CLEAN MAX ENVIRO EN SOL L generated revenue of ₹19.1B at a net margin of 4.9%. Revenue grew 25.1% year over year. It earns a return on equity of 2.0%. Net debt stands at ₹112B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹172.04 (bear case) to ₹234.11 (bull case); at ₹1,249, 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 19% below its 52-week high and 72% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -11% fair-value upside, at -81%, CLEANMAX screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 11 models by family
Widest divergence: Asset-Based (₹265.43) versus Multiples (₹136.68). Highest evidence: Growth-Adj P/E (68).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 47
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.
About the company
Clean Max Enviro Energy Solutions Limited engages in development and maintenance of renewable energy projects, such as solar and wind power solutions for commercial and industrial customers. The company operates in 2 segments, Renewable Energy Power Sales Segment and Renewable Energy Services Segment.
Full company description
Clean Max Enviro Energy Solutions Limited engages in development and maintenance of renewable energy projects, such as solar and wind power solutions for commercial and industrial customers. The company operates in 2 segments, Renewable Energy Power Sales Segment and Renewable Energy Services Segment. The company delivers renewable energy through wind and solar farms, rooftop and ground-mounted solar projects, and solar carports. It offers turnkey engineering, procurement, and construction services, including project design, regulatory approvals, installation, and ongoing operation and maintenance. Clients can procure green energy via long-term power purchase agreements, open access solar and wind farms, and group captive projects. The company supplies renewable energy certificates, supports carbon projects, and provides hybrid clean energy solutions, distributed solar, and technologies such as solar trackers, robotic cleaning, and remote monitoring. The company serves commercial and industrial clients in sectors including automotive, education, pharmaceuticals, fast-moving consumer goods, information technology, data centers, textiles, and chemicals across India, the Middle East, and Southeast Asia. The company was incorporated in 2010 and is headquartered in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2023 – FY2026 · reported fiscal years
CLEAN MAX ENVIRO EN SOL L reported revenue of ₹19.0B in FY2026 versus ₹9.3B in FY2023, a compound +26.9%/yr. Reported net income was ₹941M in FY2026.
CLEANMAX screens 81% overvalued. Compare with China Yangtze Power Co →
Peer Group
Utilities - Renewable · 221 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.
Valuation Multiples vs Utilities - Renewable median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥28.02 | ¥25.13 | -10% |
| Ørsted A/S ORSTED | kr 148.25 | kr 31.40 | -79% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.69 | ¥5.57 | -43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,319 | ₹169.61 | -87% |
| AXIA Energia SA AXIAP | $10.74 | $9.54 | -11% |
| VERBUND AG OEWA | €56.80 | €66.19 | +17% |
| BEP BEP | $34.23 | $70.40 | +106% |
| BEPUN BEPUN | C$44.56 | C$10.15 | -77% |
| China Longyuan Power Group 001289 | ¥15.92 | ¥7.55 | -53% |
| SDIC Power Holdings 600886 | ¥13.95 | ¥16.63 | +19% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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