Race Eco Chain Ltd

₹ 110 -0.72%

13 Jul - close price

About

Incorporated in 1999, Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers. Company also manufactures recycled products^[1]

Key Points

Business Overview:^[1]
RACE - Recycling and Circular Economy aggregates and supplies plastic packaging waste to recyclers. It also operates in biomass/biofuel aggregation and sells recycled home-furnishing products under the Restore brand. Its waste-sourcing network has more than 300 suppliers across India.

Website BSE NSE

Market Cap ₹ 191 Cr.
Current Price ₹ 110
High / Low ₹ 275 / 84.1
Stock P/E 82.9
Book Value ₹ 40.1
Dividend Yield 0.00 %
ROCE 7.94 %
ROE 3.27 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company's median sales growth is 30.9% of last 10 years

Cons

Stock is trading at 2.75 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Company has a low return on equity of 5.53% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Utilities Utilities Other Utilities Waste Management

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	92.32	110.74	78.88	69.40	79.47	86.17	106.29	128.74	139.10	98.81	96.11	78.65	108.25
	91.48	108.81	77.61	68.10	78.44	84.75	104.44	126.34	136.41	96.84	93.59	76.35	105.18
Operating Profit	0.84	1.93	1.27	1.30	1.03	1.42	1.85	2.40	2.69	1.97	2.52	2.30	3.07
OPM %	0.91%	1.74%	1.61%	1.87%	1.30%	1.65%	1.74%	1.86%	1.93%	1.99%	2.62%	2.92%	2.84%
	0.19	0.03	0.06	0.14	0.44	0.15	0.10	0.34	0.53	0.43	0.55	0.63	0.81
Interest	0.26	0.55	0.77	0.77	0.75	0.83	1.00	0.73	1.48	1.55	1.87	1.92	2.26
Depreciation	0.13	0.12	0.13	0.14	0.27	0.16	0.17	0.17	0.18	0.16	0.30	0.34	0.30
Profit before tax	0.64	1.29	0.43	0.53	0.45	0.58	0.78	1.84	1.56	0.69	0.90	0.67	1.32
Tax %	31.25%	29.46%	32.56%	13.21%	46.67%	37.93%	5.13%	25.00%	18.59%	85.51%	-28.89%	65.67%	37.88%
	0.44	0.91	0.30	0.45	0.24	0.36	0.74	1.38	1.27	0.10	1.15	0.23	0.81
EPS in Rs	0.27	0.55	0.18	0.27	0.15	0.22	0.43	0.80	0.74	0.06	0.67	0.13	0.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	42	42	35	55	50	16	59	157	269	338	460	382
	42	41	34	54	50	16	59	157	267	333	452	372
Operating Profit	0	1	1	1	-0	-0	0	0	2	6	8	10
OPM %	1%	2%	2%	2%	-0%	-2%	0%	0%	1%	2%	2%	3%
	1	0	0	0	1	1	2	2	1	1	1	2
Interest	1	1	1	1	1	1	1	0	1	3	4	8
Depreciation	0	0	0	0	0	0	0	0	0	1	1	1
Profit before tax	0	0	0	0	0	0	1	1	2	3	5	4
Tax %	29%	31%	29%	-75%	29%	-100%	32%	14%	27%	42%	21%	36%
	0	0	0	0	0	0	1	1	1	2	4	2
EPS in Rs	0.05	0.05	0.07	0.05	0.03	0.02	0.61	0.56	0.79	0.96	2.18	1.33
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	25%
5 Years:	45%
3 Years:	12%
TTM:	-17%

Compounded Profit Growth
10 Years:	37%
5 Years:	15%
3 Years:	21%
TTM:	-39%

Stock Price CAGR
10 Years:	27%
5 Years:	-13%
3 Years:	-25%
1 Year:	-52%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	6%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	16	16	16	16	16	16	16	17	17
Reserves	0	0	1	1	1	1	2	3	4	6	54	52
	6	4	6	5	7	7	7	5	16	37	59	82
	2	10	2	17	11	3	7	9	13	14	25	21
Total Liabilities	24	31	24	39	35	27	32	34	49	73	155	173
	3	2	2	2	2	2	1	3	3	3	3	6
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	4	6	0	0	0	5	21	22
	22	29	21	36	29	20	31	31	46	65	131	145
Total Assets	24	31	24	39	35	27	32	34	49	73	155	173

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-8	2	-0	8	7	-4	-5	5	-15	-10	-28	14
	7	0	-1	-6	-8	5	10	-6	7	-11	-32	-26
	1	-2	1	-2	2	-1	-1	-2	10	19	64	16
Net Cash Flow	-0	0	0	0	0	-0	4	-3	2	-3	4	4
Free Cash Flow	-8	2	-1	8	6	0	-5	4	-15	-11	-29	9
CFO/OP	-1,612%	181%	-19%	914%	-5,108%	1,108%	-5,100%	2,868%	-698%	-181%	-326%	156%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	81	139	192	102	72	146	91	40	50	57	75	74
Inventory Days	32	100	6	86	63			1	1	1	1	0
Days Payable	14	88	4	109	88			18	16	14	19
Cash Conversion Cycle	99	151	194	79	47	146	91	22	34	44	57	74
Working Capital Days	121	127	149	59	6	30	81	35	20	15	23	15
ROCE %	4%	4%	3%	3%	3%	2%	10%	4%	8%	12%	9%	8%

Insights

In beta

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Number of Suppliers (Dealers) in Network
count

xx	xxx	xxx	xxx	xxx	xxx
x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
x,xxx	xx,xxx	xx,xxx	xxx,xxx	xxx,xxx	xx,xxx
	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xx	xx			xx	xx
			xxx,xxx	xxx,xxx
				xx	xx
			x.xx

Please log in to see hidden values.

Plastic (PET) Waste Aggregated
MT (Metric Tonnes)

Total Waste Aggregated
MT (Metric Tonnes)

Biomass / Biofuel Aggregated
MT (Metric Tonnes)

Number of Recyclers in Network
count

CO2 Saved (Cumulative)
Tonnes

Number of Collection Centres
count

Market Share in PET Waste
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%
	0.00%	0.00%	0.03%	0.17%	0.10%	0.00%	0.01%	0.00%	0.72%	0.71%	0.71%	0.01%
	0.00%	0.00%	0.00%	0.00%	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%
	55.20%	55.20%	55.18%	55.04%	54.51%	54.63%	54.61%	54.63%	53.89%	53.92%	53.93%	54.62%
No. of Shareholders	1,873	3,650	4,144	4,247	6,246	6,651	6,842	7,026	7,035	6,963	6,796	6,783

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	42.85%	28.85%	44.85%	44.85%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.01%	0.71%	0.01%
	5.36%	7.79%	0.00%	0.00%	3.31%	1.83%	0.00%	0.00%	0.58%	0.58%	0.58%
	51.80%	63.36%	55.15%	55.15%	51.90%	53.38%	55.22%	55.18%	54.61%	53.93%	54.62%
No. of Shareholders	281	236	236	302	432	571	754	4,144	6,842	6,796	6,783

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

All

Annual reports

Credit ratings

Concalls

Jun 2026

Transcript

AI Summary
PPT
Nov 2025

Transcript

AI Summary
PPT
Jun 2025

Transcript

AI Summary
PPT
Feb 2025

Transcript

AI Summary
PPT
Nov 2024

Transcript

AI Summary
PPT
Nov 2024

Transcript

AI Summary
PPT
Jun 2024

Transcript

AI Summary
PPT
Feb 2024

Transcript

AI Summary
PPT
Nov 2023

Transcript

AI Summary
PPT
Jun 2023

Transcript

AI Summary
PPT