CLEAN MAX ENVIRO EN SOL L (CLEANMAX) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of CLEAN MAX ENVIRO EN SOL L ₹216, price ₹1,327, upside -83.8%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value ₹215.64 · Strongly overvalued (−83.8%)
!Quality 36/100
!Expensive Growth(revenue 3y +26.9 %/yr)
!Thin margins · 6.7% net margin (TTM)
!High debt · negative free cash flow
!Trails peers(3/12)
!Moderate moat49/100
!Evidence only low, so the estimate is less certain
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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.
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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.
Stock analysis
CLEAN MAX ENVIRO EN SOL L (CLEANMAX) currently trades at ₹1,327, while our model-based Fair Value estimate is ₹215.64, 83.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹265.00 per share, and 0 of the 11 models we run sit above the ₹1,327 price.
Bear case: the Multiples group reads lowest at ₹136.46, and 11 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹172.04 (bear) to ₹215.64 (bull), the price of ₹1,327 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 36/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap ₹155B (≈ $1.6B) · P/E ratio 99.0 · P/S ratio 4.92 · EPS (TTM) ₹13.40 · Net margin 5.0% · Return on equity 2.0% · Return on assets (EBIT) 4.2% · Operating margin 36.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −84%, CLEANMAX screens richer than that median.
Fair Value models
Bear ₹172.04Fair Value ₹215.64Bull ₹215.64
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹6.76 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+26.9%
’23
’24
’25
’26
Profit margin (trend) ⓘ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.
28.6% (2023) → 39.7% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Compare CLEAN MAX ENVIRO EN SOL L with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Utilities - Renewable · 204 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Below median
Fair Value upside−83.8% · Bottom 25%
Profitability
Return on equity (TTM)2.0% · Below median
Return on assets2.6% · Above median
Net margin (TTM)4.9% · Below median
Operating margin (TTM)30.7% · Above median
Growth and dividend
Revenue growth25.1% · Top 25%
Balance sheet
Debt / equity2.44× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (TTM)99.0× · Priciest 25%
P/B3.35× · Priciest 25%
P/S (TTM)8.12× · Priciest 25%
EV/EBITDA22.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)100· sector 0
PAST (return on equity)8· sector 14
HEALTH (low debt)0· sector 68
DIVIDEND (yield)0· sector 44
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CLEAN MAX ENVIRO EN SOL L Fair Value". https://www.fairvalue-calculator.com/stock/CLEANMAX
Frequently asked questions
Is CLEAN MAX ENVIRO EN SOL L (CLEANMAX) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹215.64 versus a price of ₹1,327, about −84% upside (overvalued).
What is the fair value of CLEANMAX?
Our model-based fair value for CLEAN MAX ENVIRO EN SOL L is ₹215.64 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹1,327.
What is the quality score of CLEANMAX?
CLEAN MAX ENVIRO EN SOL L has a Quality Score of 36/100. 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 MAX ENVIRO EN SOL L (CLEANMAX)?
Our model-based price target is the fair value of ₹215.64 (as of Oct 1, 2026) from 11 valuation models. Cautious scenario ₹172.04, optimistic scenario ₹215.64. It is a calculation from audited fundamentals, not an analyst target.
What is the CLEAN MAX ENVIRO EN SOL L stock forecast for 2026?
Our models put fair value at ₹215.64, about −84% upside versus a price of ₹1,327 (overvalued). Cautious scenario ₹172.04, optimistic scenario ₹215.64. The calculation is refreshed regularly with new filings.
What is the revenue of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
CLEAN MAX ENVIRO EN SOL L reported trailing-twelve-month revenue of about ₹23.4B (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CLEAN MAX ENVIRO EN SOL L it is ₹215.64 per share (as of Oct 1, 2026), against a price of ₹1,327. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is CLEAN MAX ENVIRO EN SOL L stock overvalued or undervalued in 2026?
As of Oct 1, 2026, CLEANMAX trades above its calculated fair value: price ₹1,327, fair value ₹215.64, a gap of about −84% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CLEANMAX?
No. The price is what the market pays today (₹1,327); the fair value is what the company's own numbers justify (₹215.64). For CLEAN MAX ENVIRO EN SOL L the two are ₹1,112 per share apart. That gap is exactly why we show both numbers side by side.
How much is CLEAN MAX ENVIRO EN SOL L worth?
The market values CLEAN MAX ENVIRO EN SOL L at about ₹155B (market capitalisation, as of Oct 1, 2026). Per share that is ₹1,327; our models calculate a fair value of ₹215.64 per share.
What do the bullish and bearish scenarios say about CLEANMAX?
Our models span a range for CLEAN MAX ENVIRO EN SOL L: cautious scenario ₹172.04, base ₹215.64, optimistic ₹215.64 per share (as of Oct 1, 2026, price ₹1,327). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CLEANMAX?
CLEAN MAX ENVIRO EN SOL L trades at a price-to-earnings ratio of 99.0 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹215.64 is built from several models across several years. Other multiples: P/B 3.4, P/S 8.1, EV/EBITDA 22.7.
How solid is the balance sheet of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
Balance-sheet figures for CLEAN MAX ENVIRO EN SOL L (as of Oct 1, 2026): return on equity 2.0%, debt of 2.44 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
Which stocks are comparable to CLEAN MAX ENVIRO EN SOL L?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Fortum Oyj, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CLEAN MAX ENVIRO EN SOL L stock attractive at the current price?
The data as of Oct 1, 2026: price ₹1,327, calculated fair value ₹215.64 (−84%), Quality Score 36/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CLEANMAX calculated?
We run CLEAN MAX ENVIRO EN SOL L through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹215.64, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. CLEAN MAX ENVIRO EN SOL L itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
The closing price on Sep 30, 2026 was ₹1,327. Our model-based fair value is ₹215.64, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CLEAN MAX ENVIRO EN SOL L right now?
The price sits above even our optimistic bull case (₹215.64). 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. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of CLEAN MAX ENVIRO EN SOL L
How large is the market capitalisation of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
The market capitalisation of CLEAN MAX ENVIRO EN SOL L is ₹155B (≈ $1.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
The price-to-sales ratio of CLEAN MAX ENVIRO EN SOL L is 4.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
Earnings per share at CLEAN MAX ENVIRO EN SOL L are ₹13.40 (price ÷ EPS = P/E 99.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
The net margin of CLEAN MAX ENVIRO EN SOL L is 5.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
The return on equity (ROE) of CLEAN MAX ENVIRO EN SOL L is 2.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
On an EBIT basis the return on assets of CLEAN MAX ENVIRO EN SOL L is 4.2% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
The operating margin of CLEAN MAX ENVIRO EN SOL L is 36.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
Revenue at CLEAN MAX ENVIRO EN SOL L is growing +109% versus a year earlier (3y avg +26.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CLEAN MAX ENVIRO EN SOL L (CLEANMAX)?
Earnings per share at CLEAN MAX ENVIRO EN SOL L are growing +128% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does CLEAN MAX ENVIRO EN SOL L (CLEANMAX) generate?
The free cash flow of CLEAN MAX ENVIRO EN SOL L is −₹40.2B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does CLEAN MAX ENVIRO EN SOL L (CLEANMAX) carry?
The net debt of CLEAN MAX ENVIRO EN SOL L is ₹112B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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