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 ₹ 186 Cr.
- Current Price ₹ 108
- High / Low ₹ 320 / 96.2
- Stock P/E 29.2
- Book Value ₹ 42.2
- Dividend Yield 0.00 %
- ROCE 9.64 %
- ROE 8.30 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 2.57 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.61% over last 3 years.
- 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 | TTM | |
|---|---|---|---|---|
| 269 | 347 | 555 | 630 | |
| 267 | 342 | 545 | 617 | |
| Operating Profit | 2 | 6 | 10 | 13 |
| OPM % | 1% | 2% | 2% | 2% |
| 1 | 1 | 1 | 4 | |
| Interest | 1 | 3 | 4 | 7 |
| Depreciation | 0 | 1 | 1 | 2 |
| Profit before tax | 2 | 3 | 6 | 9 |
| Tax % | 27% | 43% | 24% | |
| 1 | 2 | 4 | 7 | |
| EPS in Rs | 0.79 | 0.94 | 2.25 | 3.70 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 153% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | -17% |
| 3 Years: | -18% |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 16 | 16 | 17 | 17 |
| Reserves | 4 | 6 | 54 | 56 |
| 16 | 43 | 62 | 71 | |
| 13 | 18 | 49 | 58 | |
| Total Liabilities | 49 | 83 | 182 | 202 |
| 3 | 3 | 10 | 13 | |
| CWIP | 0 | 8 | 1 | 3 |
| Investments | 0 | 1 | 14 | 13 |
| 46 | 71 | 157 | 173 | |
| Total Assets | 49 | 83 | 182 | 202 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -15 | -9 | -43 | |
| 7 | -18 | -14 | |
| 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 | 20 | 15 | 21 |
| ROCE % | 11% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication on Financial Results for the Quarter and Nine Months ending on 31st December, 2026
- Financial Results For The Quarter Ending On December. 2025 14 Feb
- Financial Results For December 2026 14 Feb
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Board Meeting Outcome for Outcome Of The Board Meeting
14 Feb - Board approved unaudited Q3 and 9M results (Dec 31, 2025); consolidated nine-month profit Rs 490.38 lakh.
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Board Meeting Intimation for Prior Intimation Of Board Meeting Pursuant To Regulation 29 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015
7 Feb - Board meeting 14 Feb 2026 to approve standalone/consolidated unaudited results for quarter and nine months ended 31-Dec-2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
Concalls
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Nov 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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.