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 ₹ 600 Cr.
- Current Price ₹ 365
- High / Low ₹ 460 / 296
- Stock P/E 126
- Book Value ₹ 44.4
- Dividend Yield 0.00 %
- ROCE 11.3 %
- ROE 7.34 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 8.28 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.5.30 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 | Mar 2024 | TTM | |
|---|---|---|---|
| 269 | 347 | 351 | |
| 267 | 342 | 345 | |
| Operating Profit | 2 | 6 | 6 |
| OPM % | 1% | 2% | 2% |
| 1 | 1 | 5 | |
| Interest | 1 | 3 | 4 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 2 | 3 | 7 |
| Tax % | 27% | 43% | |
| 1 | 2 | 5 | |
| EPS in Rs | 0.79 | 0.94 | 2.90 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 146% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 50% |
| 3 Years: | 21% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 16 | 16 | 17 |
| Reserves | 4 | 6 | 56 |
| 16 | 43 | 22 | |
| 13 | 18 | 14 | |
| Total Liabilities | 49 | 83 | 109 |
| 3 | 8 | 3 | |
| CWIP | 0 | 3 | 0 |
| Investments | 0 | 1 | 16 |
| 46 | 71 | 90 | |
| Total Assets | 49 | 83 | 109 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| -15 | -9 | |
| 7 | -18 | |
| 10 | 24 | |
| Net Cash Flow | 2 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 50 | 58 |
| Inventory Days | 1 | 1 |
| Days Payable | 16 | 18 |
| Cash Conversion Cycle | 34 | 41 |
| Working Capital Days | 40 | 54 |
| ROCE % | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
21 Nov - Revised Presentation on Financial Results for the Quarter and Half year ended on 30th September, 2024
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Announcement under Regulation 30 (LODR)-Investor Presentation
18 Nov - Investor Presentation on Quarterly and half yearly results for 30th September, 2024
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Pls Find attached Newspaper Publication for the Quarter and Half year ended on 30thSeptember, 2024
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Statement Of Deviation Or Variation
12 Nov - Confirmation of no deviation in fund utilization.
- Financial Results For The Quarter And Half Year Ended On 30Th September, 2024 12 Nov
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.