Whalesbook
Ab suno puri kahani! Clean Max Enviro Energy Solutions Ltd ne Q4 FY26 mein kamaal kar diya. Saath mein jabardast growth dikhaya, Net Profit 342% chadh gaya aur pahunch gaya ₹86 crore tak. Wahi, EBITDA bhi 28% badhkar ₹1,295 crore ho gaya.
Company ne is saal FY26 mein lagbhag 1,400 MW ki nayi capacity jodi hai, ab total 3.1 GW ho gaya hai. Sabse cool baat yeh hai ki company ne data aur AI clients par focus badhaya hai, aur ab unka hissa total contracted capacity ka 42% ho gaya hai. Yehi demand inke profit ko fuel kar rahi hai.
Leverage costs bhi kam hue hain, pehle 9.2% the, ab 8.5% ho gaye hain. Aur receivable days bhi stable 25 din ke aas paas hain. Sab kuch control mein lag raha hai.
Par bhai, sab kuch itna bhi smooth nahi hai. Kuch issues bhi hain jaise grid curtailment, khaas kar kuch regions mein. Bikaner 2 substation pe 30% tak power curtailment ho raha hai, jo revenue ko impact kar sakta hai. Aur ALMM rules ke baad kya hoga, usko lekar bhi uncertainty hai module procurement mein. PPA mein customers liability nahi lete grid issues ke liye, toh risk Clean Max par hi hai.
Management full form mein hai, FY27 mein kam se kam 1,500 MW (1.5 GW) capacity aur add karne ka target hai. Energy storage mein bhi investment explore kar rahe hain grid issues ko manage karne ke liye. Clean Max ka ye data center wala focus unhe baaki players jaise Adani Green Energy aur Tata Power se alag banata hai. Woh ek niche (niche) pakad rahe hain high-growth sector mein. Company ne projected run-rate EBITDA ₹1,870 crore bataya hai aur PPA ka average tenor 23 saal ka hai, toh long-term revenue ki visibility hai.
Ab dekhna hai ki company apne 1.5 GW ke FY27 target ko kaise poora karti hai aur grid curtailment wale issues ko kaise solve karti hai. Module procurement strategy aur data/AI clients se hone wali growth par bhi nazar rakhenge.