Race Eco Chain Ltd
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]
- Market Cap ₹ 438 Cr.
- Current Price ₹ 254
- High / Low ₹ 460 / 232
- Stock P/E 113
- Book Value ₹ 41.5
- Dividend Yield 0.00 %
- ROCE 9.58 %
- ROE 8.30 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 6.12 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 62.0 to 78.5 days.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 269 | 347 | 555 | |
| 267 | 342 | 545 | |
| Operating Profit | 2 | 6 | 10 |
| OPM % | 1% | 2% | 2% |
| 1 | 1 | 1 | |
| Interest | 1 | 3 | 4 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 2 | 3 | 6 |
| Tax % | 27% | 43% | 24% |
| 1 | 2 | 4 | |
| EPS in Rs | 0.79 | 0.94 | 2.25 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 148% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 44% |
| 3 Years: | 13% |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 16 | 16 | 17 |
| Reserves | 4 | 6 | 54 |
| 16 | 43 | 62 | |
| 13 | 18 | 49 | |
| Total Liabilities | 49 | 83 | 182 |
| 3 | 8 | 10 | |
| CWIP | 0 | 3 | 1 |
| Investments | 0 | 1 | 14 |
| 46 | 71 | 157 | |
| Total Assets | 49 | 83 | 182 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -15 | -9 | -43 | |
| 7 | -18 | -13 | |
| 10 | 24 | 61 | |
| Net Cash Flow | 2 | -3 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 50 | 58 | 79 |
| Inventory Days | 1 | 1 | 1 |
| Days Payable | 16 | 18 | 24 |
| Cash Conversion Cycle | 34 | 41 | 55 |
| Working Capital Days | 40 | 54 | 61 |
| ROCE % | 11% | 10% |
Documents
Announcements
- Revised Financial Results 1d
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Announcement under Regulation 30 (LODR)-Investor Presentation
2 Jun - Presentation on Financial Results for the Year Ended on 31st March, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Pls find attached copy of Newspaper Publication
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Financial Results
30 May - Race Eco Chain reports audited FY25 results; revenue Rs 555.1 Cr, profit Rs 5.48 Cr; acquired subsidiaries and associates.
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Board Meeting Outcome for Outcome Of The Board Meeting
30 May - Approved audited standalone and consolidated FY25 financial results with unmodified audit opinion.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
Business Overview:[1]
RACE (Recycling and Circular Economy) aggregates plastic waste and produces recycled products, reducing the carbon footprint. Their vertical setup ensures waste collection, auditing, and product creation, employing AI for traceability. They've developed an AI-powered app with blockchain for secure transactions connecting buyers and sellers. Recycled PET fabric from their GRS-certified mills offers a traceable circle of trust.