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 ₹ 415 Cr.
- Current Price ₹ 241
- High / Low ₹ 455 / 210
- Stock P/E 100
- Book Value ₹ 41.5
- 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 5.82 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 | TTM | |
|---|---|---|---|---|
| 269 | 347 | 555 | 625 | |
| 267 | 342 | 545 | 614 | |
| Operating Profit | 2 | 6 | 10 | 11 |
| OPM % | 1% | 2% | 2% | 2% |
| 1 | 1 | 1 | 1 | |
| Interest | 1 | 3 | 4 | 5 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 3 | 6 | 7 |
| Tax % | 27% | 43% | 24% | |
| 1 | 2 | 4 | 5 | |
| EPS in Rs | 0.79 | 0.94 | 2.25 | 2.40 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 94% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 302% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 25% |
| 3 Years: | 1% |
| 1 Year: | -45% |
| 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 | 3 | 10 | |
| CWIP | 0 | 8 | 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 | -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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Board Meeting Intimation for Consider And Approve Sechme Of Arrangement
1d - Board meeting on 10 Sep 2025 to consider approving Scheme of Arrangement.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Aug - Submission of copies of newspaper advertisements regarding 25th Annual General Meeting, e-voting information, Book closure, record date.
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Intimation Regarding Letter Dispatched To The Shareholders.
29 Aug - 25th AGM on 24 Sep 2025 1:00 PM; Annual Report links; KYC/demat update reminder; cut-off 17 Sep.
-
Business Responsibility and Sustainability Reporting (BRSR)
28 Aug - Race EcoChain BRSR FY2024-25 (Apr 1, 2024–Mar 31, 2025) standalone; turnover INR460.30 crore; paid-up capital Rs17.26 crore.
- Intimation Of Cut Off Date, Book Closer And E-Voting Details 28 Aug
Annual reports
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Financial Year 2025
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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
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.