Clean Science and Technology Limited (CLEAN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-51.0%

₹323.39

vs ₹660.00 price

Levered DCF

₹165.95

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

18.49

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	30.37×	48.95×	58.7×	45.62×	92.63×	84.86×	120.55×	172.5×
P/B	4.4×	9.14×	11.9×	13.34×	27.54×	31.2×	49.22×	61.89×
P/S	7.29×	13.39×	18.09×	14.4×	30.9×	32.86×	40.16×	42.82×
EV / EBITDA	17.93×	33.34×	43.1×	33.47×	70.38×	64.91×	90.84×	123.36×
Gross margin	49.5%	62.9%	64.0%	54.5%	65.3%	73.5%	67.1%	54.6%
Operating margin	29.0%	57.1%	57.9%	49.6%	60.2%	65.0%	59.7%	48.2%
Net margin	24.0%	27.4%	30.8%	31.5%	33.4%	38.7%	33.3%	24.8%
Current ratio	5.01×	5.14×	4.12×	5.46×	4.23×	3.87×	3.34×	4.68×
Debt / equity	0×	0×	0×	0×	0×	0×	0.01×	0.01×
Interest coverage	783.81×	655.57×	359.48×	832.51×	929.12×	1,021.21×	607.1×	569.49×
Dividend yield	0.9%	0.4%	0.4%	0.4%	0.0%	0.0%	0.1%	0.1%
Payout ratio	27.8%	20.1%	21.8%	18.9%	0.0%	1.7%	11.0%	10.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.5%	18.7%	20.3%	29.2%	29.7%	36.8%	40.8%	35.9%
Return on invested capital	12.7%	28.2%	27.7%	33.4%	39.2%	44.3%	53.9%	47.0%
Return on assets	12.9%	16.4%	17.5%	25.6%	24.7%	30.1%	32.5%	29.8%
Free cash flow yield	1.1%	0.6%	0.0%	0.7%	-0.1%	0.6%	0.7%	0.3%
Earnings yield	3.3%	2.0%	1.7%	2.2%	1.1%	1.2%	0.8%	0.6%
Enterprise value	₹69.5B	₹129.2B	₹143.1B	₹134.6B	₹211.1B	₹168.3B	₹168.3B	₹168.3B
Net debt / EBITDA	-0.07×	-0.05×	-0.03×	-0.03×	-0.19×	-0.03×	-0.04×	-0.05×
Cash conversion cycle (days)	107	128	98	82	61	31	58	86