CLEANChemicals

Clean Science and Technology Limited

Specialty Chemicals · ISIN INE227W01023 · BSE 543318 · NSE EQ · FV ₹1
Last price
₹656
-0.36%today
What this company does

Clean Science and Technology Limited operates in Specialty Chemicals, part of the Chemicals sector. It booked ₹299 cr of revenue in its latest quarter (Q2 FY27) and kept 18.6% 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:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 36–46 companies that reported it.

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

Price momentum
oversold
RSI (14)
26

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Balance sheet93

How much it owes, and whether earnings cover the interest

Cash quality67

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation37

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 healthy
Strengths
✓ Makes a profit
✓ Strong 19% net margin
✓ Sales up 22% vs last year
✓ Promoters hold 51%
✓ No promoter shares pledged
✓ 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 We do not publish price targets or predict returns.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
₹656▼ -0.36%
latest close · 2026-11-04
1-year return
-71.2%
52-wk low ₹64552-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/B ratio4.17High
Below bookModerateHigh
EV / EBITDA17.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.3%Fair
WeakFairStrong ▸15%
Return on capital17.9%Strong
WeakFairStrong
Net margin18.6%Strong
ThinDecentStrong
EBITDA margin32.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover39.4×Strong
RiskyOkayStrong ▸5×
Current ratio4.47Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹6,976 cr
Book value
₹157
EPS
₹0.00
latest quarter
Net debt
₹-16 cr
more cash than debt
Enterprise value
₹6,960 cr
EBITDA
₹391 cr
annualised
EBIT
₹305 cr
annualised
Operating margin
25.5%
Return on assets
11.6%
Earnings yield
—
P/S
5.83
Sales / share
₹112.7
Tax rate
25.1%
Face value
₹1
Shares
10.6 cr
Working capital
₹740 cr
Current assets
₹953 cr
Current liabilities
₹213 cr
Delivery %
46.6%
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 2026-11-04.

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 ₹164–₹285, midpoint ₹217

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 · Q2 FY27 (consolidated)
Revenue from Operations₹299 cr
Other Income₹6 cr
Total Income₹305 cr
Cost of Materials₹149 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-21 cr
Employee Benefit Expense₹16 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹21 cr
Other Expenses₹64 cr
Total Expenses₹231 cr
Profit before Tax₹74 cr
Tax Expense₹19 cr
Net Profit₹56 cr
Net margin on total income18.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹128 cr41.9%
Employee benefit expense₹16 cr5.2%
Finance costs₹2 cr0.6%
Depreciation & amortisation₹21 cr7.0%
Other expenses₹64 cr20.8%
Tax expense₹19 cr6.1%
Profit for the period₹56 cr18.3%
Total income ₹305 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue249 cr268 cr299 cr
Total income252 cr291 cr305 cr
Expenses174 cr193 cr231 cr
Profit before tax78 cr98 cr74 cr
Tax19 cr24 cr19 cr
Net profit (owners' share)58 cr73 cr56 cr
Net margin (owners' share, on revenue)23.4%27.3%18.6%
EPS (₹)5.486.900.00
YoY (latest quarter): total income +21.4% · net profit +0.5%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹1,920 cr
Shareholder equity
₹1,672 cr
parent shareholders
Total debt
₹0 cr
Cash
₹16 cr
Cash flow · H1 FY27
Operating
₹72 cr
Investing
₹-40 cr
Financing
₹-44 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,511₹1.54 L cr62.5
Gujarat Fluorochemicals Limited₹4,464₹49,103 cr55.3
Navin Fluorine International Limited₹8,530₹43,759 cr40.6
Deepak Nitrite Limited₹1,521₹20,741 cr13.0
Aether Industries Limited₹1,501₹19,924 cr73.3
Aarti Industries Limited₹439₹15,930 cr23.6
Fine Organic Industries Limited₹5,089₹15,603 cr25.6
Atul Limited₹5,073₹14,935 cr24.0
BASF India Limited₹3,138₹13,584 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.91%
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 · 2026-09-30
No pledge
Promoter
51.3%
FII / Foreign
13.7%
DII / Domestic
15.1%
Retail / others
19.9%
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 2026-09-30
Ashokkumar Ramkishan Sikchi Huf9.96%
Asha Ashok Boob9.50%
Ashok Ramnarayan Boob Huf5.51%
Siddhartha Ashok Sikchi5.41%
Ashok Ramnarayan Boob3.10%
Krishnakumar Ramnarayan Boob Huf3.04%
Kunal Ashok Sikchi2.27%
Ashok Sikchi2.07%
Business done with them
FY2026 · 1 of the group
The company paid ₹0.6 L to companies in the promoter group last year — about 0.0% of its ₹957 cr revenue.
MATRIX GLOBAL SPECIALITY PRIVATE LIMITED
Bought goods from them · Refer Below
₹0.6 L
company paid

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.