Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 78.88 | 72.68 | 85.17 | 86.44 | 106.29 | 168.42 | 193.95 | 156.73 | 148.43 | 131.12 | 182.48 | 191.06 |
| Expenses | 77.71 | 71.20 | 84.13 | 85.04 | 104.44 | 165.39 | 190.54 | 153.82 | 144.76 | 127.77 | 178.20 | 187.48 |
| Operating Profit | 1.17 | 1.48 | 1.04 | 1.40 | 1.85 | 3.03 | 3.41 | 2.91 | 3.67 | 3.35 | 4.28 | 3.58 |
| OPM % | 1.48% | 2.04% | 1.22% | 1.62% | 1.74% | 1.80% | 1.76% | 1.86% | 2.47% | 2.55% | 2.35% | 1.87% |
| Other Income | 0.06 | 0.15 | 0.61 | 0.15 | 0.10 | 0.28 | 0.44 | 0.35 | 1.70 | 1.77 | 1.15 | 1.04 |
| Interest | 0.77 | 0.77 | 0.84 | 0.93 | 1.01 | 0.75 | 1.55 | 1.65 | 1.98 | 2.06 | 2.51 | 2.47 |
| Depreciation | 0.13 | 0.14 | 0.41 | 0.30 | 0.17 | 0.18 | 0.22 | 0.25 | 0.52 | 0.51 | 0.51 | 0.76 |
| Profit before tax | 0.33 | 0.72 | 0.40 | 0.32 | 0.77 | 2.38 | 2.08 | 1.36 | 2.87 | 2.55 | 2.41 | 1.39 |
| Tax % | 33.33% | 18.06% | 70.00% | 68.75% | 5.19% | 25.63% | 23.56% | 69.12% | -3.14% | 23.14% | 18.67% | 25.90% |
| Net Profit | 0.22 | 0.59 | 0.11 | 0.11 | 0.73 | 1.77 | 1.59 | 0.42 | 2.97 | 1.95 | 1.96 | 1.03 |
| EPS in Rs | 0.13 | 0.36 | 0.07 | 0.07 | 0.42 | 0.92 | 0.86 | 0.20 | 1.62 | 1.02 | 1.08 | 0.64 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 269 | 347 | 555 | 619 | 653 |
| Expenses | 267 | 342 | 545 | 604 | 638 |
| Operating Profit | 2 | 6 | 10 | 14 | 15 |
| OPM % | 0.8% | 1.7% | 1.8% | 2.3% | 2.3% |
| Other Income | 1 | 1 | 1 | 5 | 6 |
| Interest | 1 | 3 | 4 | 8 | 9 |
| Depreciation | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | 2 | 3 | 6 | 9 | 9 |
| Tax % | 27% | 43% | 24% | 21% | |
| Net Profit | 1 | 2 | 4 | 7 | 8 |
| EPS in Rs | 0.79 | 0.94 | 2.25 | 3.92 | 4.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | 32% | 4% | ||
| Compounded Profit Growth | % | % | 73% | 82% | ||
| Stock Price CAGR | 29% | -13% | -22% | -47% | ||
| Return on Equity | % | % | 9% | 9% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 16 | 16 | 17 | 17 |
| Reserves | 4 | 6 | 54 | 57 |
| Borrowings | 16 | 43 | 62 | 90 |
| Other Liabilities | 13 | 18 | 49 | 51 |
| Total Liabilities | 49 | 83 | 182 | 216 |
| Fixed Assets | 3 | 3 | 10 | 17 |
| CWIP | 0 | 8 | 1 | 5 |
| Investments | 0 | 1 | 14 | 12 |
| Other Assets | 46 | 71 | 157 | 182 |
| Total Assets | 49 | 83 | 182 | 216 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity | -15 | -9 | -43 | 19 |
| Cash from Investing Activity | 7 | -18 | -13 | -29 |
| Cash from Financing Activity | 10 | 24 | 61 | 20 |
| Net Cash Flow | 2 | -3 | 5 | 10 |
| Free Cash Flow | -15 | -18 | -44 | 6 |
| CFO/OP | -698% | -147% | -431% | 143% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% | 44.79% |
| FIIs | 0.00% | 0.00% | 0.03% | 0.17% | 0.10% | 0.00% | 0.01% | 0.00% | 0.72% | 0.71% | 0.71% | 0.01% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Public | 55.20% | 55.20% | 55.18% | 55.04% | 54.51% | 54.63% | 54.61% | 54.63% | 53.89% | 53.92% | 53.93% | 54.62% |
| No. of Shareholders | 1,873 | 3,650 | 4,144 | 4,247 | 6,246 | 6,651 | 6,842 | 7,026 | 7,035 | 6,963 | 6,796 | 6,783 |
Fundamentals
Market Cap₹ 206 Cr.
Current Price₹ 120
Stock P/E27.4
Book Value₹ 43.0
ROCE11.1 %
ROE9.28 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)82%
Consolidated figures.
Ownership
Promoter holding44.79% (+0.00 in a year)
Promoter pledge flagYes, NSE list
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | RACE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.4% | -2.8% | +0.4 pts |
| 1 month | +13.5% | -6.8% | +20.3 pts |
| 3 months | +0.2% | -7.6% | +7.8 pts |
| 6 months | +31.5% | +0.4% | +31.1 pts |
| 1 year | -49.6% | -9.9% | -39.7 pts |
| 2 years | -72.9% | -13.6% | -59.4 pts |
| 3 years | -55.9% | +14.2% | -70.0 pts |
| 5 years | -53.8% | +27.9% | -81.7 pts |
Red flags
| look | Auditor change Auditor change 2026-08-12: Race Eco Chain Limited has informed the Exchange regarding Change in Auditors of the company. |
| explain | Promoter pledge (NSE list) Promoter shares on the NSE pledge list |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹191 Cr +21.9% vs Jun 2025.
Net profit ₹1 Cr +145.2%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Refex Industries Ltd | 3,729 | 13.1 | 22.7 % |
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| Effwa Infra & Research Ltd | 831 | 29.0 | 29.3 % |
| Eco Recycling Ltd | 779 | 32.4 | 30.8 % |
| Namo eWaste Management Ltd | 765 | 53.4 | 21.3 % |
| Z-Tech (India) Ltd | 641 | 17.4 | 20.0 % |
| Concord Enviro Systems Ltd | 538 | 6.76 % | |
| VVIP Infratech Ltd | 360 | 12.0 | 18.8 % |
| Hi-Green Carbon Ltd | 307 | 59.4 | 10.2 % |
| Organic Recycling Systems Ltd | 304 | 12.1 | 15.9 % |
| Urban Enviro Waste Management Ltd | 106 | 7.14 | 29.1 % |
| Gem Enviro Management Ltd | 81 | 18.2 | 11.8 % |
| Greenleaf Envirotech Ltd | 65 | 9.01 | 34.7 % |
| EP Biocomposites Ltd | 16 | 11.3 | 16.3 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-06-26 | Annual General Meeting | |
| 2023-09-18 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Total Pledge: stage 1
Quick answers
What is the market cap of Race Eco Chain Ltd?
Race Eco Chain Ltd (RACE) has a market capitalisation of Rs 206 Cr. at the 2026-10-01 close.
What is the P/E ratio of Race Eco Chain Ltd?
Race Eco Chain Ltd trades at a P/E of 27.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Race Eco Chain Ltd's latest quarterly results?
In the Jun 2026 quarter, Race Eco Chain Ltd sales was Rs 191 Cr (+21.9% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Race Eco Chain Ltd?
The 52-week high is Rs 240.00 and the 52-week low is Rs 84.11.