Race Eco Chain
- Market cap
- ₹ 182 Cr.
- P/E
- 23.9x
- P/B
- 2.52x
- 52-week range
- 84.11 – 224.17
- ROE
- 9%
- ROCE
- 11%
- Dividend yield
- 0%
- Debt / equity
- 1.21
- Sector
- Other Utilities
- Industry
- Waste Management
- Listed on
- NSE, BSE
About
Race Eco Chain Limited is an India-based company. It is engaged in the business of collection, segregation, transportation, trading, processing, composting, recycling, treatment and disposal of all types of waste and to carry on the business of collection, segregation, storage, transportation, trading, processing, composting, recycling, treatment and disposal of all types of scrap and by-products. Its segments include Recycle division, Restore division, Biomass division, and Other waste division. It is involved in multiple waste types, such as polyethylene terephthalate (PET) Plastic Bottle Waste, Non-PET Plastic Recycling, Wastepaper, and Metal Waste. It delivers sustainable biomass fuel for the industries through Mustard Briquettes, Sawdust Briquettes, and Groundnut Briquettes. It provides Artificial Intelligence (AI) enabled app that uses blockchain for transactions to connect buyers and sellers. Its RACE Eco chain is involved in the aggregation of plastic waste and products.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Waste Management: 16 companies →Race Eco Chain against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)23.9 against a typical 21.4: pricier than most peers (1st = cheapest).10th of 16
- Sales growth+21.9% against a typical +45.5% from a year earlier.11th of 15
- Profit growth+145.2% against a typical +38.5% from a year earlier.2nd of 15
- Share price, 3 months−3.7% against a typical −11.2%.7th of 15
- Size₹ 182.1 Cr. market value against a typical ₹ 349.5 Cr. (1st = largest).11th of 15
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil B(Issuer Not Cooperating) | Stable | 3 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 3 Aug 2026 | Reaffirmed | Crisil B(Issuer Not Cooperating) | — | CRISIL | ₹ 10 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 30 May 2026 | Financial Results | RACE : 30-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 29, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 30, 2026, To consider and approve the financial results for the period ended March 31, 2026 |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 15 Dec 2025 | Other business matters | to inter alia consider and approve the Scheme of Arrangement underRegulation 37 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any other matters with the permission of Chairman. |
| 12 Nov 2025 | Financial Results | To consider and approve the Standalone and Consolidated financial results for the quarter and half year ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 79 | 73 | 85 | 86 | 106 | 168 | 194 | 157 | 148 | 131 | 182 | 191 |
| Expenses | 78 | 71 | 84 | 85 | 104 | 165 | 191 | 154 | 145 | 128 | 178 | 187 |
| Operating Profit | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 3 | 4 | 4 |
| OPM % | 1.5% | 2% | 1.2% | 1.6% | 1.7% | 1.8% | 1.8% | 1.9% | 2.5% | 2.6% | 2.4% | 1.9% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | 0 | 0 | 1 | 2 | 2 | 1 | 3 | 3 | 2 | 1 |
| Tax % | 33.3% | 18.1% | 70% | 68.8% | 5.2% | 25.6% | 23.6% | 69.1% | −3.1% | 23.1% | 18.7% | 25.9% |
| Net Profit | 0 | 1 | 0 | 0 | 1 | 2 | 2 | 0 | 3 | 2 | 2 | 1 |
| EPS in Rs | 0.13 | 0.36 | 0.07 | 0.07 | 0.42 | 0.92 | 0.86 | 0.2 | 1.62 | 1.02 | 1.08 | 0.64 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 32%
- TTM
- 4%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 73%
- TTM
- 82%
- 10 Years
- 26%
- 5 Years
- −13%
- 3 Years
- −28%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Race Eco Chain | ₹ 104.10 | ₹ 182 Cr. | 23.9x | 2.5x | 9% | — |
| Arvind | ₹ 482.00 | ₹ 13,095 Cr. | 33x | 3.5x | 10.6% | 4.6% |
| Trident | ₹ 20.48 | ₹ 10,437 Cr. | 34.3x | 2.7x | 8% | 5.6% |
| Garware Technical Fibres | ₹ 740.25 | ₹ 7,202 Cr. | 35.8x | 5.6x | 16.4% | 13.9% |
| Filatex India | ₹ 91.60 | ₹ 4,068 Cr. | 17.3x | 2.1x | 12.9% | 4.4% |
| Nitin Spinners | ₹ 602.30 | ₹ 3,386 Cr. | 17.4x | 2.1x | 12.8% | 5.5% |
Management
- Sunil Kumar Malik
- Executive Chairman of the Board, Managing Director
- Ravi Madan
- Chief Executive Officer
- Sujeet Thakur
- Chief Financial Officer
- Shiwati Gandhi
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.