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Clean Max Enviro Energy Solutions share price & results

Clean Max Enviro Energy Solutions Limited· Power· Utilities

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest C&I renewable energy provider — solar, wind & hybrid power to corporates via long-term PPAs

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue832 ₹ crore+107.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin51.0 %−15.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit55.0 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity4.33 %+0.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable+27.5 ptsFY Mar 2025 vs FY Mar 2024Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)Unavailable+20.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 2 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Clean Max Enviro Energy Solutions Limited management guidance track record on Inve: 10 targets tracked across analysed earnings calls (1 achieved, 1 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
DSM & Storage Strategy Announcementwe expect that in three or four months' time we will be able to make a proper announcement to investors in terms of what we are doing in storage and what that impact is on both DSM, curtailment, and revenue side.
Call transcript, Q4 FY26 · 13 May 2026		Q4 FY26Q1 FY27:Management fulfilled this promise by detailing its Battery Energy Storage Systems (BESS) strategy, greenlighting its first investment, signing MOUs with clients, and discussing expected tariffs and market opportunities.
Call transcript, Q1 FY27 · 3 Aug 2026		Achieved
Osaka Gas JV Capacity Buildbuild about 400 MW or more in this joint venture over three years
Call transcript, Q3 FY26 · 18 Mar 2026		Q3 FY26Q1 FY27:No update was provided on the Osaka Gas JV for the second consecutive quarter.
Call transcript, Q1 FY27 · 3 Aug 2026		Ghosted
Bikaner 2 Connectivity Resolutionsomewhere in the quarter between October to December 2026 is by when they expect to resolve the same
Call transcript, Q3 FY26 · 18 Mar 2026		Q3 FY26Q1 FY27:The situation has significantly worsened, with curtailment at the Bikaner project increasing from ~30% to 70%. Management now conservatively assumes this heavy curtailment will persist for the rest of the financial year, putting the resolution timeline and financial impact at greater risk.
Call transcript, Q1 FY27 · 3 Aug 2026		At Risk

Source: Inve Guidance Tracker for Clean Max Enviro Energy Solutions Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Clean Max Enviro Energy Solutions Limited's 10 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.

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Price

₹1,229.5 +5.88% · +₹68.3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +41.7% YTD

₹0.8k₹1.0k₹1.2k₹1.4kMarAprMayJunJulAugSeptOctQ3 FY26 — 18 Mar 2026Q4 FY26 — 13 May 2026Q1 FY27 — 3 Aug 2026

YTD: ₹867.5 on 2 Mar 2026 → ₹1,229.5. High ₹1,494 (22 Jun 2026), low ₹769.7 (30 Mar 2026).

Previous close
₹1,161.2
Market cap
₹14.5k Cr
52-week range
₹769.7 – ₹1,494
Price to earnings (TTM to Jun 2026)
92.74×
Return on equity (TTM to Jun 2026)
4.33%

Overview

Symbol
NSE:CLEANMAX
Sector
Power
Industry
Utilities
Exchange
NSE
Currency
INR

What Clean Max Enviro Energy Solutions Limited does

Based on the company's own presentations, annual report and earnings calls.

Clean Max Enviro Energy Solutions Limited develops, owns and operates solar, wind and hybrid renewable power projects and sells the electricity to commercial & industrial (C&I) customers under long-term power purchase agreements (PPAs), spanning both large open-access utility-scale plants and onsite/rooftop solar installations. Its customer base includes global data-centre/AI operators (e.g. Princeton Digital Group, Iron Mountain, STT Global Data Centers) and manufacturers (e.g. UltraTech Cement, Apar Industries, BASF, Gujarat Alkalies and Chemicals, CEAT), and it has a strategic joint venture with Apple for renewable capacity. Beyond selling power, it also provides RE Services — EPC and related project-delivery services for renewable energy assets.

Segments

  • RE Power Sales
  • RE Services
RE Power Sales operational capacity
3,088 MW (as of Mar 31, 2026)
RE Power Sales total contracted capacity
5,685 MW
Total portfolio capacity (RE Power Sales + RE Services)
6,455 MW
C&I customers served
588 (FY26)
Onsite/rooftop solar footprint
1,600+ sites across 22 Indian states and 4 countries (India, UAE, Bahrain, Thailand)
Utility-scale project presence
7 Indian states (Gujarat, Karnataka, Rajasthan, Tamil Nadu, Haryana, Maharashtra, Chhattisgarh)
Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
+1.0%
3 Aug
Q4 FY26
+7.9%
13 May
Q3 FY26
−2.6%
18 Mar

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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