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MARKET DEPTH

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526.752 days ago
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Cln Energy Ltd Stock performance
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KEY OBSERVATIONS

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noteAnnual Revenue,rose 65.88%, in the last year to ₹220.39 Cr. Its sector's average revenue growth for the last fiscal year was 22.23%.
noteAnnual Net Profit,rose 32.01% in the last year to ₹12.92 Cr. Its sector's average net profit growth for the last fiscal year was 14.16%.
notePrice to Earning Ratio,is 43.04, lower than its sector PE ratio of 58.69.
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CLN Energy Limited was originally incorporated as ‘JLNPhenix Energy Private Limited’ on October 01, 2019 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Kanpur. Subsequently, the name of the company was changed to ‘CLN Energy Private Limited’ vide special resolution passed by the shareholders of the company in their meeting held on September 29, 2022 and a fresh Certificate of Incorporation consequent to the change of name was granted to the company on May 08, 2023, by the Registrar of Companies, Kanpur. Further, the company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of the company in their meeting held on April 04, 2024 and the name of the company was changed to ‘CLN Energy Limited’ and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated June 18, 2024 was issued by Central Processing Centre.The company has been incorporated on October 01, 2019 with a vision to manufacture products that reduces the carbon emission and commits to sustainability. The company is engaged in the manufacturing of customized Lithium-ion Batteries, motors and deals in powertrain components of electric vehicles such as controllers, throttles, DC-DC converters, display, differential etc. The company offers B2B solutions for both mobility applications such as electric two, three and four wheelers, including traction application as well as stationary applications such as solar, ESS, and telecommunications, the company also offers unique and customised solutions for various applications wherein lithium-ion battery packs are used.The company has in-house RD capabilities to design and integrate the various powertrain and power systems to offer the complete solution for mobility and energy storage application like UPS, Telecom etc. With the use of lithium-ion batteries along with high efficiency DC power systems, intelligent energy management, remote operation and management, it can help its customers to achieve cost savings, reduced carbon emission for green environment and better insights of their product. The company provides critical business solution for the customers who wants to use lithium-ion batteries with a specific power capacity as required for their application. The company also sells the design and prototype solutions to the customers who further use them to manufactures products basis on these designs.Its highly efficient products manufactured are outcome of focused design, customer feedback and future needs of mobility stationary applications. It also provides solution approach where its RD team focus on customizations to fulfil customer requirements.Business area of the companyThe company manufactures custom lithium-ion batteries, motors, and powertrain components for EVs, including controllers and converters. It offers B2B solutions for mobility and stationary applications under the CLN Energy brand.Products of the companyLithium batteries (E-mobility)Lithium batteries (Stationary)Hub motor and controllerMid mount motor and controllerElectric vehicle componentsAwards, accreditations or recognitions2023: ISO 9001 2015 Certificate for Quality Management System.2023: ISO 14001 2015 Certificate for Environmental Management System.2023: ISO 45001 2018 Certificated for Occupational Health and Safety Management System.History and milestones2019: Incorporated its Company as JLNPhenix Energy Private Limited.2019: Issued 999,998 equity shares to Minmax Energy Limited, resulting in Minmax Energy Limited holding a majority stake in the company.2022: Commencement of RD unit at Hyderabad.2022: The company achieved revenue of Rs 100 crore for the first time.2022: The factory license has been issued on March 03, 2022 for its Pune plant located Pune, Maharashtra.2022: CLN Energy acquired majority equity shares of company and classified as Promoter of Company.2023: The company changed name of from JLNPhenix Energy Private Limited to CLN Energy Private Limited.2023: The factory license has been issued on April 06, 2023 for its Uttar Pradesh plant located at Gautam Buddha Nagar, Uttar Pradesh.2023: Shut down of Operations of RD unit at Hyderabad.2024: Company converted from Private Limited Company to Public Limited Company vide and fresh certificate of Conversion dated June 18, 2024 was issued by the Registrar of Companies, Central Processing Centre.
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