Clean Science & Technology Ltd
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]
- Market Cap ₹ 15,718 Cr.
- Current Price ₹ 1,479
- High / Low ₹ 1,622 / 1,243
- Stock P/E 63.5
- Book Value ₹ 114
- Dividend Yield 0.34 %
- ROCE 29.7 %
- ROE 22.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
- Company has been maintaining a healthy dividend payout of 18.0%
Cons
- Stock is trading at 12.9 times its book value
- Working capital days have increased from 123 days to 213 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
140 | 191 | 241 | 393 | 419 | 512 | 685 | 936 | 789 | |
92 | 118 | 168 | 256 | 234 | 253 | 385 | 533 | 452 | |
Operating Profit | 48 | 72 | 73 | 137 | 186 | 260 | 300 | 403 | 337 |
OPM % | 34% | 38% | 30% | 35% | 44% | 51% | 44% | 43% | 43% |
2 | 4 | 5 | 11 | 11 | 25 | 30 | 39 | 38 | |
Interest | 3 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
Depreciation | 6 | 6 | 8 | 11 | 14 | 17 | 25 | 36 | 44 |
Profit before tax | 41 | 70 | 70 | 137 | 182 | 267 | 305 | 405 | 331 |
Tax % | 34% | 33% | 30% | 28% | 23% | 26% | 25% | 25% | 25% |
27 | 47 | 49 | 98 | 140 | 198 | 229 | 304 | 248 | |
EPS in Rs | 192.41 | 330.79 | 343.72 | 690.82 | 1,051.82 | 18.68 | 21.52 | 28.57 | 23.31 |
Dividend Payout % | 13% | 12% | 12% | 15% | 2% | 134% | 15% | 18% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 15% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 8% |
TTM: | -18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 29% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 1 | 11 | 11 | 11 | 11 |
Reserves | 99 | 143 | 186 | 271 | 341 | 529 | 758 | 1,008 | 1,205 |
12 | 0 | 1 | 3 | 3 | 0 | 0 | 1 | 1 | |
27 | 35 | 48 | 53 | 85 | 120 | 156 | 139 | 154 | |
Total Liabilities | 139 | 179 | 236 | 328 | 430 | 660 | 925 | 1,159 | 1,371 |
64 | 77 | 101 | 126 | 166 | 186 | 296 | 427 | 401 | |
CWIP | 0 | 2 | 1 | 4 | 3 | 55 | 44 | 4 | 2 |
Investments | 1 | 32 | 18 | 76 | 134 | 233 | 247 | 428 | 666 |
75 | 68 | 115 | 122 | 127 | 187 | 338 | 300 | 302 | |
Total Assets | 139 | 179 | 236 | 328 | 430 | 660 | 925 | 1,159 | 1,371 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
69 | 45 | 85 | 160 | 193 | 127 | 299 | 277 | ||
-52 | -17 | -94 | -106 | -186 | -124 | -245 | -228 | ||
-15 | -5 | -11 | -55 | -6 | -0 | -55 | -53 | ||
Net Cash Flow | 2 | 23 | -20 | -1 | 1 | 4 | -0 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 68 | 41 | 60 | 55 | 61 | 53 | 82 | 58 | 75 |
Inventory Days | 246 | 165 | 93 | 79 | 98 | 156 | 143 | 122 | 146 |
Days Payable | 79 | 73 | 85 | 48 | 101 | 180 | 166 | 90 | 124 |
Cash Conversion Cycle | 235 | 134 | 69 | 87 | 58 | 29 | 59 | 89 | 97 |
Working Capital Days | 131 | 64 | 61 | 65 | 35 | 32 | 90 | 66 | 213 |
ROCE % | 55% | 42% | 59% | 59% | 61% | 47% | 45% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Allotment of Equity Shares under CSTL ESOS 2021 of the Company.
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Acquisition
20 Jun - Listing Regulations, 2015 -Investment in wholly owned subsidiary.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Jun - Listing Regulations, 2015 , Company has scheduled Investor meetings on 25th June, 2024, 27th June, 2024 and 28th June, 2024 through Video Conferencing and physical …
- Announcement under Regulation 30 (LODR)-Credit Rating 14 Jun
Concalls
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Jan 2024TranscriptNotesPPTREC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT REC
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
Product Portfolio[1]
Company has the largest capacity in the world for their flagship products.
Performance Chemicals
1. MEHQ No.1 in world.
Used as polymerization inhibitor in acrylic acids, acrylic esters, super absorbent polymers (diapers and sanitary pads),Pre-cursor for agrochemical industry.
2. BHA No.1 in world
Used as anti-oxidant in food and feed industry
3. AP No.1 in world
Used in infant food formulations, breakfast cereals and cosmetics
4. TBHQ No.2 in World
Stabilizer in oil industry
5. HALS No.1 in India
HALS 701 is used in water treatment
HALS 770 is used for UV stabilization in a variety of polymers
Pharma & agro Intermediates
1. Guaiacol : No.1 in India & No.2 in World
Pre-cursor to manufacture APIs for cough syrup
Key raw material to produce Vanillin
2. DCC (Dicyclohexyl Carbodiimide) No.1 in India & No.2 in World
Used as reagent in anti-retroviral
3. p-BQ (Para Benzoquinone) No.1 in India & No.2 in World
Intermediate in agrochemical industry
FMCG Chemicals
1. 4-MAP No.1 in world
Used in UV blocker in sunscreens
2. Anisole : No.1 in world
Precursor to perfumes, insect pheromones, pharmaceuticals
Majority of Anisole produced is used for captive consumption