CLN Energy Share Price Target 2025 to 2030: CLN Energy Ltd has been generating significant buzz in the Indian stock market since its IPO debut in early 2025. As a manufacturer of advanced lithium-ion batteries and EV components, the company is positioned at the forefront of India’s clean energy revolution. In this detailed article, we explore the CLN Energy share price target 2025 and extend our forecast to 2026, 2027, 2028, 2029, 2030, and even 2040. Whether you’re looking for insights via CLN Energy share price target 2025 Moneycontrol or want to explore long-term prospects like the CLNE stock forecast 2030, this guide is tailored for you.
CLN Energy Ltd: Company Overview
CLN Energy Ltd was founded in 2019 and is engaged in the design, development, and manufacturing of lithium-ion battery packs, motors, controllers, and powertrains used in electric vehicles and energy storage systems. The company focuses on both mobility and stationary applications, serving clients in India and abroad.
The company listed on the BSE SME platform in January 2025 at an IPO price band of Rs 235-250 per share. On its debut, it opened at Rs 256, marking a modest premium. But the real excitement began as the stock quickly climbed to Rs 422.95 by May 2025.
Financial Performance Snapshot (FY 2023-24)
- Revenue: Rs 132.86 crore (up from Rs 128.88 crore)
- Net Profit: Rs 9.79 crore (up from Rs 0.73 crore)
- ROE (Return on Equity): 115.44%
- ROCE (Return on Capital Employed): 146.5%
- P/E Ratio: 33.49
These strong financials signal robust growth and operational efficiency, giving investors confidence in the company’s future potential.
CLN Energy Peer Comparison
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S.No. |
Name | CMP Rs. | P/E | Mar Cap Rs. Cr. | Div Yld % | NP Qtr Rs. Cr. | Qtr Profit Var% % | Sales Qtr Rs. Cr. | Qtr Sales Var% % | ROCE % |
| 1 | Eveready Inds. | 321.25 | 28.32 | 2335.08 | 0.31 | 10.42 | 29.44 | 299.04 | 6.46 | 16.98 |
| 2 | CLN Energy | 388 | 41.87 | 409.47 | 0 | 4.64 | 74.83 | 146.26 | ||
| 3 | Indo National | 516.35 | 3.12 | 387.26 | 0.97 | -12.07 | -450.87 | 121.63 | -27.74 | 8.22 |
| 4 | Panasonic Energy | 407.15 | 26.17 | 305.36 | 2.17 | 2.42 | -46.46 | 73.38 | -1.82 | 16 |
| 5 | ATC Energies | 93.85 | 17.57 | 191.35 | 0 | 5.77 | 22.49 | 37.22 | ||
CLN Energy Ltd – Profit & Loss Analysis (FY 2022–2024)
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Sales | ₹122 Cr | ₹129 Cr | ₹133 Cr |
| Expenses | ₹115 Cr | ₹115 Cr | ₹114 Cr |
| Operating Profit | ₹6 Cr | ₹13 Cr | ₹19 Cr |
| OPM % | 5% | 10% | 14% |
| Other Income | ₹0 Cr | ₹-7 Cr | ₹0 Cr |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹6 Cr | ₹6 Cr |
| Profit Before Tax | ₹5 Cr | ₹1 Cr | ₹12 Cr |
| Tax Rate | 27% | 19% | 20% |
| Net Profit | ₹4 Cr | ₹1 Cr | ₹10 Cr |
| EPS (₹) | 32.07 | 6.43 | 28.75 |
| Dividend Payout % | 0% | 0% | 0% |
Key Insights & Analysis
Revenue Growth
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The company has shown consistent revenue growth, with sales increasing from ₹122 Cr in FY22 to ₹133 Cr in FY24.
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Though the year-over-year growth is modest, it reflects stability and demand continuity in a niche segment.
Operating Profit & Margins
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Operating profit grew over 3X from ₹6 Cr in FY22 to ₹19 Cr in FY24.
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OPM% increased steadily from 5% → 10% → 14%, showing excellent cost control and pricing power.
Other Income Volatility
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A significant loss under “Other Income” (₹-7 Cr in FY23) reduced overall profit, likely due to one-time adjustments or non-operating expenses.
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No such anomaly in FY22 or FY24.
Zero Debt Company
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No interest outflow in any of the years suggests zero debt, enhancing financial stability.
Net Profit
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Net profit jumped from ₹1 Cr in FY23 to ₹10 Cr in FY24 — nearly 10x growth, showing strong recovery and scalability post IPO funding and capex execution.
Tax Efficiency
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Effective tax rate remained manageable (19–27%), and efficient tax planning likely supported net profit growth in FY24.
EPS Movement
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EPS saw a rebound from ₹6.43 in FY23 to ₹28.75 in FY24 — indicating that shareholder value creation is back on track.
No Dividend Payout Yet
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The company has retained all profits to reinvest in growth — common for high-growth, post-IPO companies in expansion mode.
CLN Energy Ltd – SWOT Analysis (2025)
Strengths (S)
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Strong Financial Performance
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Rapid growth in revenue and net profit from FY23 to FY24.
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High ROE (115.44%) and ROCE (146.5%) reflect exceptional efficiency and profitability.
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Niche Market Focus
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Specializes in lithium-ion battery packs, motors, and EV powertrains.
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Strong alignment with India’s EV policy and clean energy goals.
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Robust Demand Outlook
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Rising EV adoption in India and globally ensures growing demand for CLN’s products.
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Entry into export markets (e.g., ₹43 crore export order in 2025) adds to growth potential.
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Post-IPO Momentum
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Positive listing and sustained investor interest have supported stock performance.
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Public shareholding increasing, improving liquidity and visibility.
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Weaknesses (W)
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Small-Cap & SME Listing
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Listed on BSE SME platform — often carries liquidity and regulatory limitations.
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Higher price volatility compared to large-cap counterparts.
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Limited Brand Awareness
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As a relatively new player (incorporated in 2019), it lacks a strong retail brand presence.
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May face trust and adoption barriers with larger OEMs.
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Execution Risk
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Scaling up production, maintaining quality, and managing working capital in a high-growth phase are operational challenges.
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R&D investment required to stay technologically competitive.
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Opportunities (O)
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EV Boom in India
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Government policies (like FAME-II, PLI schemes) incentivize EV and battery manufacturing.
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Demand for indigenous battery solutions is at an all-time high.
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Global Market Expansion
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Growing demand for clean energy storage and EV components globally opens doors for export.
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Strategic partnerships or JV opportunities with global EV players.
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Diversification Potential
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Can diversify into solar storage systems, grid-level energy management, or software for EV powertrain analytics.
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IPO Proceeds Utilization
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Fresh capital from IPO can be used to expand facilities, invest in automation, and build a tech moat.
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Threats (T)
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High Competition
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Faces competition from larger and more established battery manufacturers (like Exide, Amara Raja, and global players entering India).
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Margin pressure if price wars emerge.
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Raw Material Volatility
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Lithium, cobalt, and other essential materials are subject to international price fluctuations.
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Any disruption in supply chain (especially from China) can impact production costs.
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Regulatory Risks
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As EV and clean energy tech are evolving, changes in government policy or safety standards may require rapid adaptation.
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Risk of delays in subsidies or approvals.
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Technological Obsolescence
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Rapid innovation in battery tech (e.g., solid-state, sodium-ion) could make existing products outdated.
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CLN Energy Share Price Target 2025 India
The growing adoption of EVs, government incentives, and a sharp rise in demand for lithium-ion battery solutions make CLN Energy a promising stock. Based on revenue projections and sector performance, analysts estimate the CLN Energy share price target 2025 India in the range of Rs 480 to Rs 550.
Factors influencing this target include:
- Export orders worth Rs 43 crore in early 2025
- Expansion of manufacturing capacity
- Rising public shareholding post-IPO
- Enhanced R&D in battery technology
CLN Energy Share Price Target 2026 to 2030
As India and global markets accelerate toward decarbonization, CLN Energy could be a major beneficiary. Here are long-term share price projections based on CAGR estimates and market potential:
| Year | Expected Target Price (INR) |
|---|---|
| 2026 | Rs 620 – Rs 700 |
| 2027 | Rs 750 – Rs 850 |
| 2028 | Rs 900 – Rs 1000 |
| 2029 | Rs 1050 – Rs 1150 |
| 2030 | Rs 1200 – Rs 1350 |
These estimates assume the company maintains 20-25% annual growth and continues capturing a larger share of the EV and energy storage market.
CLN Energy Share Price Target 2025
Estimated Target Price: ₹480 – ₹550
Key Drivers:
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₹43 crore export orders secured in early 2025
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Expansion in manufacturing capacity
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Post-IPO increase in public shareholding
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Enhanced R&D in EV battery technology
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Government incentives for clean energy and EV adoption
CLN Energy Share Price Target 2026
Estimated Target Price: ₹620 – ₹700
Growth Factors:
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First full-year utilization of post-IPO funds
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Rising domestic demand for lithium-ion batteries
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Scaling of export markets and supply chain improvements
CLN Energy Share Price Target 2027
Estimated Target Price: ₹750 – ₹850
Growth Factors:
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Deeper penetration into India’s EV ecosystem
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Partnerships or deals with OEMs and energy firms
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Cost optimization through operational efficiency
CLN Energy Share Price Target 2028
Estimated Target Price: ₹900 – ₹1,000
Growth Drivers:
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Potential entry into adjacent clean tech sectors
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Domestic and international market leadership in EV battery packs
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Adoption of next-gen battery technologies (e.g., higher density, faster charging)
CLN Energy Share Price Target 2029
Estimated Target Price: ₹1,050 – ₹1,150
Key Catalysts:
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Brand maturity and sustained profitability
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Strategic collaborations or acquisitions
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High-margin international contracts and technology licensing
CLN Energy Share Price Target 2030
Estimated Target Price: ₹1,200 – ₹1,350
Long-Term Outlook:
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Dominant position in India’s EV component manufacturing space
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Stable CAGR of 20–25% since listing
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Broader integration into clean energy solutions and grid storage applications
Should You Invest in CLN Energy for the Long Term?
Pros:
- Strong earnings growth
- High return ratios (ROE & ROCE)
- Fast-growing EV and energy storage market
- Government policy support for clean tech
- Rising export potential
Cons:
- SME stocks can be illiquid
- High volatility post-IPO
- Execution risk in scaling operations
CLN Energy Share Price Target 2040
By 2040, if CLN Energy maintains its growth trajectory, expands internationally, and innovates in battery technology, the stock could potentially trade between Rs 4000 and Rs 5000 per share. This assumes a compound annual growth rate (CAGR) of 20%+ over the next 15 years.
Such long-term forecasts come with inherent uncertainties, but the upside potential makes CLN Energy an interesting candidate for long-horizon portfolios.
Final Thoughts
In summary, the CLN Energy share price target 2025 looks optimistic based on strong fundamentals, a growing market, and aggressive expansion plans. Long-term investors could see substantial returns if the company continues to outperform in its niche.
Whether you’re searching for the CLN Energy share price target 2025 Moneycontrol, want deep insights into the CLNE stock price prediction, or are debating whether CLNE is a buy or sell, this article provides a comprehensive analysis grounded in current data and forward-looking projections.
As always, investors should consult financial advisors and conduct their own research before investing.
Disclaimer
The information provided in this article is for educational and informational purposes only. It should not be considered as investment advice or a recommendation to buy, sell, or hold any stock or financial instrument. The views and analysis expressed are based on publicly available data and market trends as of the time of writing. Stock markets are subject to high risks and volatility, and past performance is not indicative of future results. Readers are advised to conduct their own research and consult with a certified financial advisor before making any investment decisions. The author and the website do not assume any liability for financial losses incurred based on the content of this article.
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