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Clean Science and Technology Ltd

₹ 8650.08%
06 Jan – close price
🔗cleanscience.co.in•BSE: 543318•NSE: CLEAN
Market Cap₹ 9,195 Cr.
Current Price₹ 865
High / Low₹ 1,600
Stock P/E31.3
Book Value₹ 146
Dividend Yield0.69 %
ROCE29.3 %
ROE21.9 %
Face Value₹ 1.00
Sales₹ 908 Cr.
OPM43.8 %
Mar Cap₹ 9,195 Cr.

ABOUT

Incorporated in 2003, Clean Science and Technology Ltd is one of the leading chemical manufacturers globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole).[1]

KEY POINTS

Product Segment[1]1) Performance Chemicals (69% in FY25 vs 69% in FY22):It manufacturesMonomethyl Ether of Hydroquinone (MEHQ), used as a polymerization inhibitor in acrylic acids, acrylic esters, super absorbent polymers (diapers and sanitary pads),Butylated Hydroxy Anisole (BHA), used as anti-oxidant in food and feed industry,Ascorbyl Palmitate (AP), used in infant food formulations, breakfast cereals, and cosmetics,Tertiary Butyl Hydroquinone (TBHQ)used as a stabilizer in the oil industry andHindered Amine light Stabilizers (HALS), used in water treatment and UV stabilization in a variety of polymers.TBHQ ranks 2nd globally, while the rest of the products are ranked no.1.

Also present in buckets:
Aggressive Growth TriggersAggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Pidilite Inds.1505.0068.24153165.960.66584.608.363554.449.8829.8413817.5923.312244.67579.2316.0316.220.05
2.Gujarat Fluoroch3492.4056.4238364.010.09179.0047.931210.001.859.894864.0026.89680.00179.005.045.510.23
3.Navin Fluo.Intl.5751.0066.3729472.500.21148.37152.24758.4246.2611.682790.9627.91444.09148.378.186.270.33
4.Deepak Nitrite1625.5041.7222170.690.46118.75-38.871901.89-6.4016.287874.8611.16531.41118.714.029.860.23
5.Atul6182.5033.5718202.370.40182.3731.011551.8511.4212.815898.3216.11542.25179.243.087.480.03
6.BASF India3898.0043.8616872.740.51101.05-21.023904.04-8.0918.0214603.554.17384.69101.054.426.070.04
7.Vinati Organics1614.8036.0116739.930.46129.0221.59546.27-1.2720.612258.6529.70464.92129.025.6413.640.00
8.Clean Science865.2031.289195.040.6964.64-4.15211.31-7.3429.26908.1743.76293.9364.645.9119.650.00
–Median: 92 Co.292.4828.49878.140.327.343.25134.385.6115.16512.2213.0926.077.352.767.880.11

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
237195232188217220217225245248181228211
Expenses
129108129112120119112127141150106133121
Operating Profit
1088610277981011059910598769590
Other Income
128512101312131235107
Profit before tax
1128396789610210810110592699486
Tax %
25%25%22%25%25%25%25%26%25%26%25%28%25%
Net Profit
84627459727781757968526765
EPS in Rs
7.905.876.975.516.797.217.627.047.406.424.896.356.08

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
164140191241393419512685936789922908
Expenses
10692118168256234253385533452523511
Operating Profit
58487273137186260300403338400397
Other Income
32451111253039383636
Interest
330100001110
Depreciation
56681114172536444444
Profit before tax
53417070137182267305405331391389
Net Profit
3527474998140198229304248292294
EPS in Rs
247.58192.41330.79343.72690.821,051.8218.6821.5228.5723.3127.5127.66
Dividend Payout %
10%13%12%12%15%2%134%15%18%21%22%–

Compounded Profit Growth

10 Years:24%
5 Years:16%
3 Years:9%
TTM:6%

Compounded Sales Growth

10 Years:19%
5 Years:17%
3 Years:10%
TTM:5%

Return on Equity

10 Years:30%
5 Years:29%
3 Years:25%
Last Year:22%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:-16%
1 Year:-40%

Balance Sheet

Standalone figures in ₹ crores

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
111111111111111111
Reserves
76991431862713415297581,0081,2051,4461,545
Borrowings
20120133001111
Other Liabilities
292735485385120156139154147156
Total Liabilities
1271391792363284306609251,1591,3711,6051,713
Fixed Assets
606477101126166186296427401364351
Gross Block
60.1763.50105.67136.50171.46224.67261.03394.98561.36578.54585.87–
Accumulated Depreciation
0.000.0028.5835.0645.3959.1075.1999.24134.74177.50221.79–
CWIP
00214355444245
Investments
113218761342332474286669071,076
Other Assets
657568115122127187338300302330281
Total Assets
1271391792363284306609251,1591,3711,6051,713

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
––694585160193127299277279
Cash from Investing Activity
––-52-17-94-106-186-124-245-228-221
Cash from Financing Activity
––-15-5-11-55-6-0-55-53-52
Net Cash Flow
––223-20-114-0-36

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
3668416055615382587573
Inventory Days
202246165937998156143122146118
Days Payable
71797385481011801669012183
Cash Conversion Cycle
166235134698758295989100108
Working Capital Days
87131646162333290667879
ROCE %
–42%55%42%59%59%61%47%45%29%29%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
78.50%78.50%74.98%74.98%74.98%74.98%74.98%74.97%74.97%74.96%74.96%50.96%
FIIs
3.99%3.99%5.84%6.01%5.92%5.88%6.05%5.83%5.98%6.07%6.21%11.14%
DIIs
4.65%4.76%6.41%5.23%5.13%5.04%4.55%4.77%5.46%5.77%5.92%18.97%
Public
12.86%12.74%12.78%13.79%13.98%14.11%14.42%14.43%13.59%13.21%12.91%18.91%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Clean Science Authorizes Key Personnel for Stock Exchange Disclosures

17th April 2026, 10:15 pm

Clean Science Invests ₹50 Cr in Wholly-Owned Subsidiary Clean Fino-Chem

8th April 2026, 10:31 pm

Clean Science Files SEBI Regulation 74(5) Confirmation for Q4 FY26

7th April 2026, 6:16 pm

Clean Science Technology Appoints New Leadership Team, Extending Key Director Roles

1st April 2026, 5:20 pm

Clean Science Approves Allotment of 800 Equity Shares Under ESOP Scheme

17th March 2026, 11:18 pm

Published by Other Websites

External media mentions & references

Bandhan Infrastructure Fund Grows 6X in 15 Years

29th March 2026, 2:05 pm

UPL Demerger Structure May Cap Shareholder Value: Kotak Equities

23rd February 2026, 4:34 pm

IT, EV Stocks Plunge as Market Hits 52-Week Lows

23rd February 2026, 1:13 pm

Policy Shift Sparks InCred's India Strategy Overhaul

6th February 2026, 3:07 pm

Dividend Surge Signals Mature Cash Flows

5th February 2026, 8:19 am

News Articles

Editorial & research coverage

Policy Shift Sparks InCred's India Strategy Overhaul
Policy Shift Sparks InCred's India Strategy Overhaul

6th February 2026, 3:07 pm

Dividend Surge Signals Mature Cash Flows
Dividend Surge Signals Mature Cash Flows

5th February 2026, 8:19 am

Adani, PB Fintech, UPL Lead Earnings Surge: Stocks in Focus Feb 3
Adani, PB Fintech, UPL Lead Earnings Surge: Stocks in Focus Feb 3

3rd February 2026, 7:20 am

Amansa Ups Clean Science Stake as Stock Hits New Low
Amansa Ups Clean Science Stake as Stock Hits New Low

2nd February 2026, 9:37 pm

Chemical Stocks in Freefall: 4 Giants Down Nearly 50%! China's Shadow or Market Glitch?
Chemical Stocks in Freefall: 4 Giants Down Nearly 50%! China's Shadow or Market Glitch?

2nd January 2026, 8:34 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 Regarding Resignation Of Mr. Parth Ashok Maheshwari From (DIN: 09774080) The Position Of Director Of Clean Fino-Chem Limited (Wholly Owned Subsidiary) W.E.F. 1St January, 2026 From The Closing Of Business Hours.

2 Jan - Parth Maheshwari resigned as director of Clean Fino-Chem Ltd effective Jan 1, 2026; no material reasons.

Announcement under Regulation 30 (LODR)-Resignation of Director

31 Dec - Whole-Time Director Parth Ashok Maheshwari resigned effective 31 Dec 2025; board composition unaffected.

Closure of Trading Window
Commencement Of Commercial Production Of Hydroquinone (HQ) And Catechol By Clean Fino-Chem Limited, Wholly Owned Subsidiary Of The Company.

18 Dec - Subsidiary Clean Fino-Chem commenced commercial production of Hydroquinone and Catechol on 18 Dec 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Credit Ratings

Rating update

22 Aug 2025 from crisil

Rating update

13 Jun 2024 from crisil

Rating update

12 May 2023 from crisil

Rating update

20 Apr 2022 from crisil

Rating update

27 Apr 2021 from crisil

Concalls

Nov 2025

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Jul 2025

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May 2025

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Feb 2025

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Nov 2024

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Aug 2024

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May 2024

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Feb 2024

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Jan 2024

Recording

Nov 2023

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Aug 2023

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May 2023

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Oct 2022

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Nov 2021

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Stock Analysis

Description

  1. Clean Science and Technology Ltd is a leading global manufacturer of specialty chemicals, producing performance chemicals, pharmaceutical intermediates, and FMCG chemicals.

Key Growth Triggers

  1. Commercialization of HALS series and DHDT.
  2. Operationalisation of its largest facility, CFCL.
  3. Commencement of commercial production of Hydroquinone (HQ) and Catechol by subsidiary CFCL.
  4. Strategic focus on R&D, sustainability, and maintaining a zero-debt policy.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Q2 FY26 performance decline attributed to Chinese competition and end-market demand uncertainties.
  2. Past incident involving a broker error during a promoter block trade, although the actual sale was limited to the intended percentage.

Key Dates To Watch

  1. August 2025: Promoter stake sale reducing holding to 50.97%.
  2. November 2025: Proposed inter-se promoter transfers via gift deeds.
  3. December 18, 2025: Subsidiary CFCL commenced commercial production of Hydroquinone and Catechol.
  4. January 31, 2026: Conference call to discuss Q3 FY26 financial results.

Corporate Announcements

17th Apr 26
Impact Rating: 5
Clean Science and Technology Limited has approved updates to authorized personnel for determining material event disclosures, designating key leaders like MD, CFO, and CS.
8th Apr 26
Impact Rating: 7
Clean Science and Technology Limited subscribed to 8,36,121 equity shares of its wholly-owned subsidiary, Clean Fino-Chem, for a total of ₹50.00 crore, to support its projects.
7th Apr 26
Impact Rating: 35
Clean Science and Technology Ltd. has officially filed a confirmation certificate as required by SEBI regulations, indicating no securities were processed for dematerialization during the fiscal fourth quarter.
1st Apr 26
Impact Rating: 6
Clean Science Technology appoints Mr. Krishnakumar Boob as Whole-Time Director (until March 2031), Mr. Ashok Boob as Executive Vice Chairman (until July 2027), and Mr. Siddhartha Sikchi as Managing Director (until March 2031).
17th Mar 26
Impact Rating: 8
Clean Science and Technology Limited has approved the allotment of 800 equity shares under its CSTL ESOS 2021, with an issue price of ₹500 and a premium of ₹499 per share, increasing share capital to ₹10.63 crore.