IPO (Representative image)
Anand Rathi IPO report on Clean Science and Technology
Clean Science and Technology Ltd is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost competitive. This has enabled the company to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities as of March 31, 2021. Some of these technologies have been developed and commercialized for the first time globally. The continued focus on product identification, process innovation, catalyst development, significant scale of operations as well as the company’s measures towards strategic backward integration have all contributed to their success as one of the fastest growing and among the most profitable specialty chemical companies globally.
Valuation and Outlook
Company possesses a healthy balance sheet and robust return ratio profile (FY21 RoE at 36.8%). We recommend a "Subscribe" rating to this IPO.
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