Clean Max Enviro Energy Solutions CLEANMAX
Solar Module Manufacturing (ALMM): India's largest commercial and industrial (C&I) renewable energy developer - builds and owns solar, wind and hybrid plants that sell power to companies (listed Mar 2026)
Mapped in 2 themes: Solar Module Manufacturing (ALMM) and Energy Generation.
Where Clean Max Enviro Energy Solutions sits in the supply chain
Clean Max Enviro Energy Solutions appears in 3 supply-chain layers across 2 themes: Solar Module Manufacturing (ALMM) and Energy Generation.
Solar Module Manufacturing (ALMM) › EPC & Project Developers
OwnerIndia's largest commercial and industrial (C&I) renewable energy developer - builds and owns solar, wind and hybrid plants that sell power to companies (listed Mar 2026)
Other companies in this layer
Energy Generation › Solar & Renewable IPPs
OwnerIndia's largest commercial and industrial (C&I) renewable developer - solar, wind and hybrid plants that sell power directly to companies (listed Mar 2026)
Other companies in this layer
Energy Generation › Wind & Hybrid IPPs
OwnerIndia's largest commercial and industrial (C&I) renewable developer - solar, wind and hybrid plants that sell power directly to companies (listed Mar 2026)
Other companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 702 | 930 | 1,390 | 1,496 | 1,913 |
| Net profit | 30 | −59 | −38 | 19 | 86 |
Latest-year revenue ₹1,913 Cr (FY26, company-wide).
Strengths · in Solar Module Manufacturing (ALMM)
- Largest C&I renewable provider in India (CRISIL, Mar 2025), with ~2.8 GW operational, owned and managed capacity and ~3.2 GW more contracted (Oct 2025)
- Long-term corporate power contracts with data centres and industrial buyers give steadier revenue than one-off EPC work
Risks · in Solar Module Manufacturing (ALMM)
- Listed Mar 2026 below its ₹1,053 issue price - a short and so far weak public track record
- Capex-heavy growth funded with debt, and open-access rules for C&I power vary from state to state
Common questions
What does Clean Max Enviro Energy Solutions do?
In Solar Module Manufacturing (ALMM): India's largest commercial and industrial (C&I) renewable energy developer - builds and owns solar, wind and hybrid plants that sell power to companies (listed Mar 2026). NextResearch maps it in 2 supply chains: Solar Module Manufacturing (ALMM) and Energy Generation.
Where does Clean Max Enviro Energy Solutions sit in the supply chain?
Clean Max Enviro Energy Solutions (NSE: CLEANMAX) is mapped in 3 supply-chain layers: EPC & Project Developers (Solar Module Manufacturing (ALMM)), Solar & Renewable IPPs (Energy Generation) and Wind & Hybrid IPPs (Energy Generation).
Who are Clean Max Enviro Energy Solutions' peers?
In the EPC & Project Developers layer of Solar Module Manufacturing (ALMM): Sterling and Wilson Renewable Energy, KPI Green Energy, Adani Green Energy, Tata Power, Juniper Green Energy, ACME Solar Holdings and 4 more.
What is Clean Max Enviro Energy Solutions' market cap and valuation?
As of 6 Nov 2026: market cap ₹14,818 Cr, P/E 83.0x, ROCE 6.2%, ROE 1.8%, dividend yield 0%.