CLEAN MAX ENVIRO EN SOL L Intrinsic Value
CLEANMAX · Power · Current price ₹1,276.7
Is CLEAN MAX ENVIRO EN SOL L undervalued?
We estimate the fair value of CLEAN MAX ENVIRO EN SOL L at ₹1,120 per share, against a market price of ₹1,431. That puts the share price about -21.7% above our estimate, at medium confidence. This is our view of what the business is worth, not a target price or a forecast of where the share price will go.
How this fair value is calculated
This estimate comes from 1 method: Discounted cash flow (2-stage) (₹1,120). Each is weighted by how well its inputs held up for this company. The full working, including the assumptions and what data was missing, is set out below.
The range around this estimate
Our estimate for CLEAN MAX ENVIRO EN SOL L spans ₹1,008 to ₹1,232. A margin of safety means buying meaningfully below the estimate: the wider the range, the more room the assumptions leave for error.
Margin of safety
Value investors look for a margin of safety: a discount to estimated value that absorbs being wrong. At ₹1,431 against an estimated value of ₹1,120, CLEAN MAX ENVIRO EN SOL L trades at -21.7%, i.e. a premium to our estimate. How much margin to demand depends on how much you trust the inputs, which is what the confidence band below is for.
How we got this fair value
Every number below is part of the same estimate for CLEAN MAX ENVIRO EN SOL L. Nothing here is a target price or a forecast of where the share price will go.
Workable, with real gaps. Weigh it alongside your own view rather than on its own.
Estimate range ₹1,008 – ₹1,232
Why this method for this business
DCF is appropriate for a power generation company with stable cash flows, while EV/EBITDA captures the asset-heavy nature of the business and provides a cross-check.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
Intrinsic value from 2-stage discounted cash flows (primary for asset-light / normal businesses); FCFE path
required inputs missing
- Discounted cash flow (2-stage) is the primary model due to the company's stable cash flow profile and long-term growth potential. EV/EBITDA is included to account for the capital intensity of the power sector and provide a market-based valuation.
- Other models like P/B or P/E are not suitable due to the company's capital intensity and the lack of a clear earnings multiple in the power sector.
What was missing
- Lack of forward-looking EBITDA data for EV/EBITDA model
- Limited historical data on capital expenditures and depreciation
What drives it
12 inputs, grouped by how strong each claim is
- FCF_0 (normalized)
- 540 ₹cr
- Net debt
- 11,598 ₹cr
fcf_norm (median ≤5y positive)
total_debt − cash
- Discount rate (r)
- 12.9%
- Beta
- 0.8
COE (building-block)
bottom-up industry
- Stage-1 start growth
- 20%
- Fade shape
- linear
- Terminal growth (g)
- 5.2%
- Stage-1 years
- 10 y
pat_cagr_5y
lifecycle Growth
macro terminal × quality premium
lifecycle Growth horizon
- Lifecycle stage
- Growth
- Quality premium
- 1.04×
forecast engine (L20)
moat Narrow + capital allocation
- Path
- FCFE
- Terminal-value fraction
- 0.543
computed (D/E vs 0.8)
PV_TV / (PV_1+PV_TV)
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for CLEAN MAX ENVIRO EN SOL L: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyMore on CLEAN MAX ENVIRO EN SOL L
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.