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 ₹ 191 Cr.
- Current Price ₹ 110
- High / Low ₹ 275 / 84.1
- Stock P/E 28.2
- Book Value ₹ 43.0
- Dividend Yield 0.00 %
- ROCE 11.0 %
- ROE 9.28 %
- Face Value ₹ 10.0
Pros
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 8.66% over last 3 years.
- Earnings include an other income of Rs.4.97 Cr.
* 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 | Mar 2026 | |
|---|---|---|---|---|
| 269 | 347 | 555 | 619 | |
| 267 | 342 | 545 | 605 | |
| Operating Profit | 2 | 6 | 10 | 14 |
| OPM % | 1% | 2% | 2% | 2% |
| 1 | 1 | 1 | 5 | |
| Interest | 1 | 3 | 4 | 8 |
| Depreciation | 0 | 1 | 1 | 2 |
| Profit before tax | 2 | 3 | 6 | 9 |
| Tax % | 27% | 43% | 24% | 21% |
| 1 | 2 | 4 | 7 | |
| EPS in Rs | 0.79 | 0.94 | 2.25 | 3.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 73% |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | -14% |
| 3 Years: | -25% |
| 1 Year: | -52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 16 | 16 | 17 | 17 |
| Reserves | 4 | 6 | 54 | 57 |
| 16 | 43 | 62 | 90 | |
| 13 | 18 | 49 | 51 | |
| Total Liabilities | 49 | 83 | 182 | 216 |
| 3 | 3 | 10 | 17 | |
| CWIP | 0 | 8 | 1 | 5 |
| Investments | 0 | 1 | 14 | 12 |
| 46 | 71 | 157 | 182 | |
| Total Assets | 49 | 83 | 182 | 216 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -15 | -9 | -43 | 19 | |
| 7 | -18 | -14 | -29 | |
| 10 | 24 | 61 | 20 | |
| Net Cash Flow | 2 | -3 | 5 | 10 |
| Free Cash Flow | -15 | -18 | -43 | 6 |
| CFO/OP | -698% | -147% | -428% | 145% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 50 | 58 | 79 | 59 |
| Inventory Days | 1 | 1 | 1 | 2 |
| Days Payable | 16 | 18 | 24 | 18 |
| Cash Conversion Cycle | 34 | 41 | 55 | 43 |
| Working Capital Days | 20 | 15 | 21 | 8 |
| ROCE % | 11% | 10% | 11% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Number of Suppliers (Dealers) in Network count ・Standalone data |
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| Plastic (PET) Waste Aggregated MT (Metric Tonnes) ・Standalone data |
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| Total Waste Aggregated MT (Metric Tonnes) ・Standalone data |
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| Biomass / Biofuel Aggregated MT (Metric Tonnes) ・Standalone data |
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| Number of Recyclers in Network count ・Standalone data |
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| CO2 Saved (Cumulative) Tonnes ・Standalone data |
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| Number of Collection Centres count ・Standalone data |
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| Market Share in PET Waste % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Jul
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Updates On Participation In 3Rd Global Conclave
2 Jul - Race Eco Chain will participate in the 3rd Global Conclave on Plastic Recycling and Sustainability, July 2-5, 2026.
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Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
30 Jun - Sold 2,10,000 Prime Industries shares for Rs 88.53 lakh; Prime ceased as associate on 30 June 2026.
-
Closure of Trading Window
25 Jun - Trading window closes from 1 July 2026 until 48 hours after Q1 FY27 results.
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Announcement under Regulation 30 (LODR)-Investor Presentation
19 Jun - Investor Presentation on Quarter and Financial Year ended on 31st March, 2026.
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
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Concalls
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Jun 2026TranscriptAI SummaryPPT
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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 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.