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Clean Max Enviro Energy Solutions Limited — Bonds & AA (CRISIL) Rating

Corporate · Power & Energy

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA (CRISIL)
Most common current rating on senior bonds
5 of 7 rated · CRISIL, 30 Sep 2026
Total Debt Outstanding
₹5,800 Cr
Across 13 instruments
Active Bonds
13
First Issue
8 Jun 2022
Latest Issue
28 Sep 2026
Maturity Range
2027 - 2036
Observation
13 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
Issuer health card 1 item to look at
  • Current ratings CRISIL AA, CARE AA-, CARE A-
  • Rating range Current ratings range from A- (CARE 30 Jun 2022) to AA (CRISIL 30 Sep 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 30 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 1 of 13 active bonds had an exchange trade
  • Exchange filings, 90 days 109 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Clean Max Enviro Energy Solutions Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Power & Energy
Issuer Type
Corporate
First Tracked Bond
8 Jun 2022
Start of this issuer's debt program timeline
  • 13 active bonds tracked from this issuer.
  • 11 of 12 tracked bonds with a stated security status are secured. (based on 12 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 7 Sep 2026.

Clean Max Enviro Energy Solutions Limited is a corporate issuer in the Power & Energy sector. Coupon rates on outstanding bonds range from 8.20% - 12.50%, paid quarterly. Bonds mature between 2027 - 2036.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
13
Tracked by RetailBonds
Amount Tracked
₹5,800 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 12 of 13 bonds)
Avg Coupon
9.11%
Range 8.20% - 12.50%
Avg Remaining Tenure
4.7 Yrs
Nearest maturity Jun 2027
Secured
91%
11 of 12 bonds with known status
Callable
0
Of 13 bonds
Avg Spread vs G-Sec
+149 bps
Credit premium, from 1 bond with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (4 bonds).

0 2027: 3 bonds, ₹800 Cr tracked, avg coupon 11.35% 3 bonds 2027 2028: 2 bonds, ₹400 Cr tracked, avg coupon 8.22% 2 bonds 2028 2029: 2 bonds, ₹800 Cr tracked, avg coupon 8.46% 2 bonds 2029 2031: 2 bonds, ₹1,907 Cr tracked, avg coupon 8.74% 2 bonds 2031 2036: 4 bonds, ₹1,893 Cr tracked, avg coupon 8.76% 4 bonds 2036

Security Type / Instrument Mix

  • NCD 13 bonds · 100% · ₹5,800 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2025: ₹800 Cr issued 2025 2026: ₹5,000 Cr issued 2026 Cumulative: ₹800 Cr Cumulative: ₹5,800 Cr

Based on 12 of 13 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

Financial Snapshot

H1 FY27 vs H1 FY27
Debt / Equity
0.03
Prior: 0.00
Debt Service Coverage (DSCR)
0.01
Prior: 0.11
Interest Service Coverage (ISCR)
0.02
Prior: 0.17
Revenue from Operations
₹1,559.81 Cr
Prior: ₹2,125.35 Cr
Net Profit / Loss
₹121.47 Cr
Prior: ₹350.20 Cr
Profit Before Tax
₹213.97 Cr
Prior: ₹468.22 Cr

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 4 Nov 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AA 6 bonds · 46%
  • A 1 bond · 8%
  • Unrated 6 bonds · 46%
AgencyRatingOutlookBonds
CRISIL AA Stable 5
CARE A- — 1
CARE AA- Stable 1

Recent Rating Actions

7 Sep 2026 · CRISIL
AA
Initial · Stable
04 Outstanding Bonds View all bonds →

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
5
Avg. Yield (Last 30 Days)
8.7%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 7 2026-09-30
Rating Actions History 1 2026-09-07
Secondary-Market Trades 7 2026-10-28
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Clean Max Enviro Energy Solutions Limited have?

Clean Max Enviro Energy Solutions Limited currently has 13 active bonds with coupons of 8.20% - 12.50%, maturities spanning 2027 - 2036.

What is Clean Max Enviro Energy Solutions Limited's credit rating?

The most common current rating on Clean Max Enviro Energy Solutions Limited's senior bonds is AA (CRISIL). Ratings on file come from CARE, CRISIL.

Are Clean Max Enviro Energy Solutions Limited's bonds secured?

Of the 12 bonds with a disclosed security status, 11 are secured (91%) and 1 is unsecured.

When do Clean Max Enviro Energy Solutions Limited's bonds mature?

Clean Max Enviro Energy Solutions Limited's active bonds mature between 2027 - 2036; the nearest matures in Jun 2027; the average tenure is 4.7 Yrs.

What is the average coupon on Clean Max Enviro Energy Solutions Limited's bonds?

The average coupon across Clean Max Enviro Energy Solutions Limited's 13 active bonds is 9.11%.

Disclaimer: This page aggregates publicly available data about Clean Max Enviro Energy Solutions Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.