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Race Eco Chain Limited RACE NSEINFRA

Industrials · Waste Management · India
https://raceecochain.com
Company Profile ↓
₹99.30
-57.92% 1Y
Mkt Cap₹171.36 Cr
P/E29.29
P/B2.12
52W High₹248.57
52W Low₹86.05
Book Value₹45.45
EPS (TTM)₹3.39

Company Overview

Race Eco Chain Limited, together with its subsidiaries, engages in waste management activities in India. It operates through Misc. Old Economy Products, Recycle Division, Restore Division, Biomass Division, and IT Division segments. The company is involved in the collection and supply of recyclable waste, such as PET plastic bottle waste, non-PET plastic recycling, wastepaper, metal waste, and other wastes; and sale of biomass briquettes, such as mustard, sawdust, and groundnut briquettes. It also engages in supply chain management services; manufacture of various recycled products, including bags, cushions, curtains, table mats, home furnishing, madeup, and garments under the Restore brand; sale of fabric and other textile products; and development of IT enabled applications. The company offers its services to brands, recyclers, and waste suppliers. The company was formerly known as Anisha Impex Limited and changed its name to Race Eco Chain Limited in January 2021. Race Eco Chain Limited was incorporated in 1999 and is based in Ghaziabad, India.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 19.7%.

Consistent Profit Growth

Net profit has compounded at 73.1% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 32.0% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 29.3, below the sector median of 30.3.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹618.75 Cr (+11.5% YoY); net profit ₹6.76 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +21.9%, earnings +73.8%.
  • 5-Year Trend Long-term compounding — revenue CAGR 32.0%, profit CAGR 73.1%.

Growth & Price Performance

Compounded Sales Growth

5 Years:31.99%
1 Year:21.90%

Compounded Profit Growth

5 Years:73.07%
1 Year:73.76%

Stock Price Performance

1 Year:-57.92%
6 Months:-10.61%
3 Months:-7.42%
1 Month:-4.87%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 8% of range
₹86.05 ₹248.57
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)39.46 · Neutral
Price Performance
1M-4.87%
3M-7.42%
6M-10.61%
1Y-57.92%
Valuation vs Sector

P/E of 29.29 is below the sector median of 30.28 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 32.0% over 5 years.
  • Profit CAGR of 73.1% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 60.0% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
29.29
Industry PE
30.28
Forward P/E est.
16.86
PEG Ratio
-
Book Value
₹45.45
Price to Book
2.12
P/S
0.25
EV/EBITDA
18.06
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
31.99%
Profit 5Y
73.07%
Revenue (YoY)
21.90%
Earnings (YoY)
73.76%

Profitability & Returns

ROCE
19.65%
ROE
9.13%
ROA
3.14%
Profit Margin
1.15%
Op Margin
1.48%
Gross Margin
3.57%
EPS (Latest Qtr)
₹1.14
EPS (TTM)
₹3.39

Balance Sheet & Liquidity

Debt/Equity
1.04
Quick Ratio
1.20
Current Ratio
1.23
Debt
₹90.05 Cr
Total Assets
₹215.51 Cr
Current Assets
₹155.85 Cr
Working Capital
₹28.77 Cr

Ownership

Promoter Holding
59.92%
Chg in Prom Hold
-
FII / Inst Holding
0.00%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹171.36 Cr
Total Revenue (TTM)
₹653.09 Cr
EBITDA
₹14.64 Cr
Free Cash Flow
₹6.28 Cr
Operating Cash Flow
₹18.87 Cr
Shares Outstanding
₹1.73 Cr
Gross Margin
3.57%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 RACE Race Eco Chain Limited NSEINFRA 99.30 29.29 ₹171.36 Cr 0.00% 19.65% 9.13% 31.99% 73.07%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,999.00 33.23 ₹5.50 L Cr 0.96% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,707.30 29.11 ₹3.93 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,856.00 34.85 ₹3.25 L Cr 0.40% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 404.00 47.98 ₹2.95 L Cr 0.61% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,977.00 -39.98 ₹1.92 L Cr 0.24% 4.02% -34.31% 15.55% -227.40%
7 ABB ABB India Limited NSEAIINFRA 7,410.00 99.32 ₹1.57 L Cr 0.53% 28.45% 19.13% 15.41% 17.97%
8 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 421.45 60.12 ₹1.47 L Cr 0.33% 6.60% 6.12% 13.49% 35.91%
9 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 31,650.00 122.48 ₹1.41 L Cr 0.03% 24.92% 19.09% 22.24% 119.12%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 193.95 Cr156.73 Cr148.43 Cr131.12 Cr182.48 Cr
Cost of Revenue 188.58 Cr152.02 Cr143.05 Cr125.92 Cr175.73 Cr
Gross Profit 5.37 Cr4.71 Cr5.38 Cr5.20 Cr6.75 Cr
Operating Expenses 2.17 Cr2.05 Cr2.23 Cr2.37 Cr2.98 Cr
Operating Income 3.20 Cr2.66 Cr3.15 Cr2.83 Cr3.77 Cr
EBITDA 3.85 Cr3.26 Cr5.37 Cr5.12 Cr5.43 Cr
Interest Expense 1.55 Cr1.65 Cr1.98 Cr2.06 Cr2.51 Cr
Pretax Income 2.08 Cr1.35 Cr2.87 Cr2.54 Cr2.41 Cr
Tax Provision 49.14 L93.87 L-9.61 L58.67 L45.38 L
Net Income 1.48 Cr34.65 L2.80 Cr1.76 Cr1.86 Cr
Diluted EPS 0.891.131.721.101.14

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -269.08 Cr347.48 Cr555.10 Cr618.75 Cr
Cost of Revenue -262.68 Cr337.26 Cr539.75 Cr596.71 Cr
Gross Profit -6.41 Cr10.22 Cr15.34 Cr22.04 Cr
Operating Expenses -4.67 Cr4.77 Cr6.52 Cr9.64 Cr
Operating Income -1.74 Cr5.45 Cr8.83 Cr12.41 Cr
EBITDA -2.93 Cr6.31 Cr10.66 Cr19.17 Cr
Interest Expense -69.96 L2.78 Cr4.24 Cr8.20 Cr
Pretax Income -1.79 Cr2.73 Cr5.55 Cr9.18 Cr
Tax Provision -48.38 L1.18 Cr1.35 Cr1.88 Cr
Net Income -1.30 Cr1.55 Cr3.89 Cr6.76 Cr
Diluted EPS -0.790.922.454.23

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -49.18 Cr82.96 Cr182.34 Cr215.51 Cr
Current Assets -45.90 Cr70.34 Cr141.02 Cr155.85 Cr
Cash & Equivalents -3.10 Cr43.50 L5.26 Cr15.43 Cr
Inventory -61.53 L96.36 L1.24 Cr2.80 Cr
Receivables -36.65 Cr55.11 Cr119.41 Cr99.93 Cr
Total Liabilities -28.61 Cr60.72 Cr104.40 Cr129.00 Cr
Current Liabilities -28.26 Cr55.36 Cr104.17 Cr127.08 Cr
Long Term Debt -19.71 L001.53 Cr
Total Debt -15.51 Cr42.52 Cr61.61 Cr90.05 Cr
Total Equity -20.57 Cr22.21 Cr71.57 Cr74.13 Cr
Shares Outstanding -1.64 Cr1.64 Cr1.73 Cr1.73 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --14.59 Cr-8.53 Cr-42.86 Cr18.87 Cr
Investing Cash Flow -6.65 Cr-18.21 Cr-13.40 Cr-28.79 Cr
Financing Cash Flow -9.94 Cr24.07 Cr61.10 Cr20.24 Cr
Capital Expenditure --72.00 L-9.04 Cr-8.87 Cr-12.59 Cr
Free Cash Flow --15.31 Cr-17.57 Cr-51.73 Cr6.28 Cr
Net Change in Cash -2.00 Cr-2.66 Cr4.83 Cr10.32 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -2.4%2.9%2.8%3.6%
Operating Margin % -0.6%1.6%1.6%2.0%
Net Margin % -0.5%0.4%0.7%1.1%
ROE % -6.3%7.0%5.4%9.1%
ROCE % -8.3%19.7%11.3%14.0%

Shareholding Pattern

Insiders
59.92%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

Recent headlines for RACE

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RACE — Frequently Asked Questions

What is the current share price of Race Eco Chain Limited (RACE)?

As of 2026-09-20 09:43 IST, Race Eco Chain Limited (RACE) trades at ₹99.30 on NSE. Its 52-week range is ₹86.05 to ₹248.57.

What is the market capitalisation of RACE?

Race Eco Chain Limited (RACE) has a market capitalisation of ₹171.36 Cr on NSE.

What is the P/E ratio of RACE?

RACE trades at a trailing price-to-earnings (P/E) ratio of 29.29. The industry average P/E is 30.28. Its price-to-book (P/B) ratio is 2.12.

What is the return on equity (ROE) of RACE?

RACE has a return on equity (ROE) of 9.13%. Its return on capital employed (ROCE) is 19.65%.

Is RACE a good stock to buy?

This page provides a data-driven analysis of Race Eco Chain Limited (RACE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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