This leading chemical manufacturing company saw its shares rise by 5.5 percent to an intraday high of Rs 1,649 apiece from its previous close after the firm’s net profits grew by 23.2 percent as of Q1FY25.
The shares of Clean Science & Technology Limited generated an overall return of 25 percent over the past year and 12 percent over the past 6 months. With the market capitalization standing at Rs 17,129.33 crores the stock climbed around 5 percent trading at Rs 1,632 levels at 11:33 AM on Friday.
Through the stock exchanges, Clean Science & Technology Limited has announced its latest Q1FY25 results.
Results:
Comparing the numbers from the previous quarter to the current quarter, the net sales generated by Clean Science Limited fell by 3.4 percent from Rs 225.48 crores in Q4FY24 to Rs 217.31 crores in Q1FY25. During the same period, the net profits also fell from Rs 74.81 crores to Rs 72.16 crores demonstrating a 3 percent fall.
Comparing the numbers from the previous corresponding period to the current period, the net sales grew by 15.3 percent from Rs 188.11 crores in Q1FY24 to Rs 217.31 crores in Q1FY25. During the same period, the net profits grew by 23.2 percent from Rs 58.54 crores to Rs 72.16 crores
Ratios:
The trailing 12 months’ ROE and ROCE of Clean Science Limited stood at 20.38 percent and 27.26 percent respectively. Also for the same period, the debt-to-equity ratio stood at nil.
Capex:
As of Q1FY25, the company incurred a total capex of Rs 100 crores for an investment in Clean Fico Chemical Limited (CFCL), a wholly owned subsidiary of Clean Science & Technology Limited.
Also, a new chemical plant is being constructed and will be dedicated to manufacturing products for the performance segment such as high-quality or specialized products designed to meet specific performance standards.
Product addition:
As of July 2024, Clean Science & Technology Limited has begun commercial production and sale of three new products in their HALS (Hindered Amine Light Stabilizers) series. These products are HALS 622, HALS 944, and HALS 783. These products are now available in the market for commercial use.
Revenue mix by segment:
As of Q1FY25, the revenue mix for Clean Science and Technology Limited was distributed as follows: 69 percent from Performance Chemicals, 18 percent from Pharma and Agro Intermediates, and 13 percent from FMCG Chemicals.
Revenue mix by geography:
As of Q1FY25, the revenue mix by geography for Clean Science and Technology Limited was as follows: 37 percent from India, 23 percent from China, 18 percent from Europe, 12 percent from the Americas, and 10 percent from the rest of the world.
Shareholding Pattern:
As of June 2024, the promoters of Clean Science and Technology Limited stood at 74.98 percent. The FII’s, The DII, and the public held 6.05 percent, 4.55 percent, and 14.42 percent respectively.
About the Company:
Incorporated in 2003, Clean Science and Technology Limited is one of the leading chemical manufacturers globally. The company makes key specialty chemicals for various industries. It produces Performance Chemicals (MEHQ, BHA, AP), Pharmaceutical Intermediates (Guaiacol, DCC), and FMCG Chemicals (4-MAP, Anisole) used in products from medicines to everyday goods.
Written By Zahal
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