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 ₹ 546 Cr.
- Current Price ₹ 332
- High / Low ₹ 409 / 226
- Stock P/E 420
- Book Value ₹ 13.2
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 25.1 times its book value
- Promoters have pledged 31.8% of their holding.
- Earnings include an other income of Rs.0.85 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | |
|---|---|
| 269 | |
| 267 | |
| Operating Profit | 2 |
| OPM % | 1% |
| 1 | |
| Interest | 1 |
| Depreciation | 0 |
| Profit before tax | 2 |
| Tax % | 27% |
| 1 | |
| EPS in Rs | 0.79 |
| Dividend Payout % | 0% |
| Compounded Sales Growth | |
|---|---|
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| Compounded Profit Growth | |
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| 5 Years: | % |
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| Stock Price CAGR | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 46% |
| 3 Years: | 13% |
| 1 Year: | 44% |
| Return on Equity | |
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Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | |
|---|---|
| Equity Capital | |
| Reserves | |
| Total Liabilities | |
| CWIP | |
| Investments | |
| Total Assets |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | |
|---|---|
| -15 | |
| 7 | |
| 10 | |
| Net Cash Flow | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | |
|---|---|
| Debtor Days | |
| Inventory Days | |
| Days Payable | |
| Cash Conversion Cycle | |
| Working Capital Days | |
| ROCE % |
Documents
Announcements
- Pursuant To Regulation 40(9) Of The SEBI (Listing Obligations And Disclosure) Regulations, 2015 For March, 2024 19 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Pls find attached Certificate under Regulation 74 (5) of SEBI DP Regulation for the Year ended on 31st March, 2024
-
Compliance Certificate For The Year Ended On 31St March, 2024
4 Apr - Pls find attached Compliance Certificate under Reg 7(3)from RTA & Compliance Officer for the year ended on 31st March, 2024
- Closure of Trading Window 26 Mar
- Announcement under Regulation 30 (LODR)-Investor Presentation 16 Feb
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.