CLEANChemicals

Clean Science and Technology Limited

Specialty Chemicals · ISIN INE227W01023 · BSE 543318 · NSE EQ · FV ₹1
Last price
₹828
+0.99%today
What this company does

Clean Science and Technology Limited operates in Specialty Chemicals, part of the Chemicals sector. It booked ₹268 cr of revenue in its latest quarter (Q1 FY27) and kept 27.3% of sales as profit.

CATALYSING SUSTAINABLE INNOVATION Clean Science and Technology Limited (referred to as ‘CSTL’ or ‘the Company’) is one of the largest manufacturers of fine and specialty chemicals in the world through a differentiated sustainable catalytic route of synthesis.
In the report:
74out of 100
Equitytale Health Score
Solid

Healthier than 74% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 35–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns77

How much profit it earns on the money it employs

Balance sheet100

How much it owes, and whether earnings cover the interest · highest in its sector on what we could measure

Cash quality67

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation38

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 27% net margin
Sales up 11% vs last year
Promoters hold 51%
No promoter shares pledged
Strong 19% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in CLEAN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹828 +0.99%
latest close · 2026-09-17
1-year return
-42.1%
52-wk low ₹71652-wk high ₹2,705
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio30.0High
LowAverageHigh
P/B ratio5.56High
Below bookModerateHigh
EV / EBITDA18.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.5%Strong
WeakFairStrong ▸15%
Return on capital24.1%Strong
WeakFairStrong
Net margin27.3%Strong
ThinDecentStrong
EBITDA margin44.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover1,877.0×Strong
RiskyOkayStrong ▸5×
Current ratio5.01Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8,802 cr
Book value
₹149
EPS
₹6.90
latest quarter
Net debt
₹-28 cr
more cash than debt
Enterprise value
₹8,774 cr
EBITDA
₹475 cr
annualised
EBIT
₹390 cr
annualised
Operating margin
36.4%
Return on assets
16.5%
Earnings yield
3.33%
P/S
8.20
Sales / share
₹101.0
Tax rate
24.8%
Face value
₹1
Shares
10.6 cr
Working capital
₹663 cr
Current assets
₹828 cr
Current liabilities
₹165 cr
Delivery %
41.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹108₹206, midpoint ₹157

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹268 cr
Other Income₹22 cr
Total Income₹291 cr
Cost of Materials₹127 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-22 cr
Employee Benefit Expense₹17 cr
Finance Costs₹5.2 L
Depreciation & Amortisation₹21 cr
Other Expenses₹50 cr
Total Expenses₹193 cr
Profit before Tax₹98 cr
Tax Expense₹24 cr
Net Profit₹73 cr
Net margin on total income25.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹105 cr36.1%
Employee benefit expense₹17 cr5.7%
Finance costs₹5.2 L0.0%
Depreciation & amortisation₹21 cr7.2%
Other expenses₹50 cr17.4%
Tax expense₹24 cr8.3%
Profit for the period₹73 cr25.2%
Total income ₹291 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue220 cr249 cr268 cr
Total income229 cr252 cr291 cr
Expenses167 cr174 cr193 cr
Profit before tax63 cr78 cr98 cr
Tax17 cr19 cr24 cr
Net profit (owners' share)46 cr58 cr73 cr
Net margin (owners' share, on revenue)20.9%23.4%27.3%
EPS (₹)4.325.486.90
YoY (latest quarter): total income +13.4% · net profit +4.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,783 cr
Shareholder equity
₹1,584 cr
parent shareholders
Total debt
₹0 cr
Cash
₹28 cr
Cash flow · H1 FY26
Operating
₹154 cr
Investing
₹-127 cr
Financing
₹-42 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,552₹1.58 L cr45.3
Gujarat Fluorochemicals Limited₹4,472₹49,190 cr55.4
Navin Fluorine International Limited₹8,220₹42,169 cr43.3
Deepak Nitrite Limited₹1,605₹21,889 cr15.9
Aether Industries Limited₹1,623₹21,543 cr85.1
Atul Limited₹6,134₹18,057 cr18.4
Aarti Industries Limited₹477₹17,287 cr27.9
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.72%
trailing 12 months
Dividend / share (TTM)
₹6
Last dividend
₹4
ex 4 Sep 2026
ActionDetailEx-date
Dividend₹4 / share4 Sep 2026
Dividend₹2 / share6 Feb 2026
Dividend₹4 / share4 Sep 2025
Dividend₹2 / share7 Feb 2025
Dividend₹3 / share29 Aug 2024
Dividend₹2 / share12 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
51.3%
FII / Foreign
13.4%
DII / Domestic
16.2%
Retail / others
19.1%
Promoter stake down 23.7% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAniket Gholap · Employees/Designated Employees558 · ₹7.4 L28 Mar 24
SoldDnyaneshwar Dhondiram Subhedar · Employees/Designated Employees462 · ₹6.1 L28 Mar 24
SoldDnyaneshwar Dhondiram Subhedar · Employees/Designated Employees462 · ₹6.1 L28 Mar 24
Bulk / block deals
short · NSE3725 Aug 26
short · NSE3728 Apr 26
short · NSE3025 Mar 26
Stake changes
BoughtARB Business Trust · promoter→ 3.11% · 33.00 L10 Jun 26
BoughtARB Business Trust · promoter→ 3.11% · 33.00 L10 Jun 26
BoughtAAB Business Trust · promoter→ 9.50% · 1.01 cr10 Jun 26
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Report of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.93 cr votes for, 54 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Report of the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.93 cr votes for, 51 against · 0% of mutual funds and other big investors said no
3
To confirm payment of interim dividend of Rs. 2/- (200%) per equity share and to declare final dividend of Rs. 4/- (400 %) per Equity Share of Re.1/- each fully paid up for the Financial Year ended 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
2.94 cr votes for, 54 against · 0% of mutual funds and other big investors said no
4
To appoint a director in place of Mr. Krishnakumar Ramnarayan Boob, Whole-Time Director (DIN:00410672), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
2.91 cr votes for, 2.84 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 60 named members
owning 45.8% between them · as of 2026-06-30
Ashokkumar Ramkishan Sikchi Huf9.96%
Asha Ashok Boob9.50%
Ashok Ramnarayan Boob Huf5.51%
Siddhartha Ashok Sikchi5.41%
Ashok Ramnarayan Boob3.11%
Krishnakumar Ramnarayan B Oob Huf3.04%
Kunal Ashok Sikchi2.27%
Ashok Sikchi2.07%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.