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CLEANMAXEQ / NSE, BSEListed

Clean Max Enviro Energy Solutions Limited

Clean Max Enviro is India’s largest commercial and industrial renewable energy provider, with 2.54 GW of operational, owned, and managed capacity as of July 31, 2025, and an additional 2.53 GW of contracted capacity under execution. The company supplies renewable power, provides energy services, and offers carbon credit solutions, serving both technology and conventional commercial and industrial customers. Its expertise spans energy contracting, engineering, procurement, and construction (EPC), as well as operation and maintenance (O&M) of solar, wind, and hybrid renewable energy plants. Clean Max Enviro operates through two key business segments: renewable energy power sales, delivering power via long-term Power Purchase Agreements (PPAs) and Energy Attribute Purchase Agreements (EAPAs), and renewable energy services, providing turnkey development including land acquisition, infrastructure, EPC, power evacuation, O&M, and carbon services for the lifetime of projects.

₹1,000 - ₹1,0530.99x sub
Listed Price960.00
Listing Gain-8.83%
Peer Comparison-Financial performance and valuation from the IPO detail feed
Financial Performance

NTPC Green Energy Ltd

NAV/Share (₹)21.88
RONW(%)2.58
EPS (Basic) (₹)0.67

ACME Solar Holdings Ltd

NAV/Share (₹)74.54
RONW(%)5.59
EPS (Basic) (₹)4.55

Clean Max Enviro Energy Solutions Limited

NAV/Share (₹)250.93
RONW(%)1.09
EPS (Basic) (₹)2.88

Adani Green Energy Limited

NAV/Share (₹)58.63
RONW(%)13.48
EPS (Basic) (₹)8.37

ReNew Energy Global PLC$

NAV/Share (₹)310.40
RONW(%)3.39
EPS (Basic) (₹)10.92
Valuation

NTPC Green Energy Ltd

P/E(X)132.94
CMP* (₹)89.07
Face value (₹)10.00

ACME Solar Holdings Ltd

P/E(X)49.46
CMP* (₹)224.05
Face value (₹)2.00

Clean Max Enviro Energy Solutions Limited

P/E(X)634.34
CMP* (₹)1053.00
Face value (₹)1.00

Adani Green Energy Limited

P/E(X)119.14
CMP* (₹)997.20
Face value (₹)10.00

ReNew Energy Global PLC$

P/E(X)44.84
CMP* (₹)484.68
Face value (₹)0.0001