Race Eco Chain Ltd
Race Eco Chain Ltd (RACE) last reported results for the quarter ended Jun 2026, with sales of ₹191 crore and net profit of ₹1.03 crore. The stock last traded at ₹110, a market capitalisation of ₹189 crore, on a P/E of 25.1. Over the past 52 weeks the stock has ranged between ₹84.1 and ₹240. Figures are as of 6 Oct 2026 and are not real time.
Race Eco Chain Ltd share price and key metrics
- Current price
- ₹110
- Market cap
- ₹189 cr
- Stock P/E
- 25.1
- Book value
- ₹43
- ROE
- 9.28%
- ROCE
- 11.1%
- Dividend yield
- 0.00%
- 52w high / low
- 240/84.1
Metrics as of 6 Oct 2026. Not real time.
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Race Eco Chain Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 32%
- TTM
- 4%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 73%
- TTM
- 82%
- 10 Years
- 28%
- 5 Years
- -14%
- 3 Years
- -24%
- 1 Year
- -50%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 9%
- Last Year
- 9%
Race Eco Chain Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹191 cr, up 21.9% from ₹157 cr a year earlier. Net profit was ₹1.03 cr, up 145.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 106 | 168 | 194 | 157 | 148 | 131 | 182 | 191 |
| Expenses | 104 | 165 | 191 | 154 | 145 | 128 | 178 | 187 |
| Operating profit | 1.85 | 3.03 | 3.41 | 2.91 | 3.67 | 3.35 | 4.28 | 3.58 |
| OPM % | 1.74% | 1.80% | 1.76% | 1.86% | 2.47% | 2.55% | 2.35% | 1.87% |
| Other income | 0.1 | 0.28 | 0.44 | 0.35 | 1.7 | 1.77 | 1.15 | 1.04 |
| Interest | 1.01 | 0.75 | 1.55 | 1.65 | 1.98 | 2.06 | 2.51 | 2.47 |
| Depreciation | 0.17 | 0.18 | 0.22 | 0.25 | 0.52 | 0.51 | 0.51 | 0.76 |
| Profit before tax | 0.77 | 2.38 | 2.08 | 1.36 | 2.87 | 2.55 | 2.41 | 1.39 |
| Tax % | 5.19% | 25.63% | 23.56% | 69.12% | -3.14% | 23.14% | 18.67% | 25.90% |
| Net profit | 0.73 | 1.77 | 1.59 | 0.42 | 2.97 | 1.95 | 1.96 | 1.03 |
| EPS (₹) | 0.42 | 0.92 | 0.86 | 0.20 | 1.62 | 1.02 | 1.08 | 0.64 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Race Eco Chain Ltd annual results
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 269 | 347 | 555 | 619 | 653 |
| Operating profit | 2 | 6 | 10 | 14 | 15 |
| OPM % | 0.8% | 1.7% | 1.8% | 2.3% | 2.3% |
| Net profit | 1 | 2 | 4 | 7 | 8 |
| EPS (₹) | 0.79 | 0.94 | 2.25 | 3.92 | 4.36 |
TTM is the trailing twelve months to the most recent quarter.
Race Eco Chain Ltd balance sheet
| ₹ crore | 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 |
As reported by the company. Total assets equal total liabilities by construction.
Race Eco Chain Ltd cash flow
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | -15 | -9 | -43 | 19 |
| Cash from investing | 7 | -18 | -13 | -29 |
| Cash from financing | 10 | 24 | 61 | 20 |
| Net cash flow | 2 | -3 | 5 | 10 |
| Free cash flow | -15 | -18 | -44 | 6 |
| CFO / operating profit | -698% | -147% | -431% | 143% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Race Eco Chain Ltd operating ratios
| Per year | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | — | 11% | 10% | 11% |
| 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 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Race Eco Chain Ltd shareholding pattern
Promoters held 44.79% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.01% and DIIs 0.58%.
| % held | 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% |
| FIIs | 0.10% | 0.00% | 0.01% | 0.00% | 0.72% | 0.71% | 0.71% | 0.01% |
| DIIs | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Public | 54.51% | 54.63% | 54.61% | 54.63% | 53.89% | 53.92% | 53.93% | 54.62% |
| No. of shareholders | 6,246 | 6,651 | 6,842 | 7,026 | 7,035 | 6,963 | 6,796 | 6,783 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Cruxal coverage of Race Eco Chain Ltd
Race Eco Chain falls 4.3% as promoters pledge entire 44.79% stake
Race Eco Chain shares fell 4.3% to Rs 108 after promoters disclosed pledging their entire 44.79% stake to Share India Securities for personal borrowings, raising concerns over promoter leverage and pledge risk.
Race Eco Chain Ltd5 min
Race Eco Chain shares rise 4.3% as exchanges give green light to demerger plan
Race Eco Chain shares gained 4.3% to Rs 101 after BSE and NSE issued ‘no adverse observations’ on its demerger scheme, boosting confidence that its biomass and bags businesses will be spun off into separately listed entities.
Race Eco Chain Ltd7 minRace Eco Chain Ltd corporate filings
- Certificate under Reg 74(5) of SEBI DP Regulations 2018Company Updatelow impact
- SEBI disclosure of promoter encumbrance reasons received for Race Eco Chain Ltd on October 01, 2026Insider Trading / SASTlow impact
Cruxal's analysis: The exchange has received a disclosure from Race Eco Chain Ltd regarding the reasons for…
Read the full analysis - Race Eco Chain Limited Promoters Create Pledge on 44.79% of Shares, Indicating Potential Collateral for DebtInsider Trading / SASThigh impact
Cruxal's analysis: Race Eco Chain Limited's promoters, Dinesh Pareekh, Sangeeta Pareekh, and BLP Equity…
Read the full analysis - Race Eco Chain Limited announces issuance of 1,02,000 equity shares worth Rs. 1.02 crore to its subsidiary Ganesha Recycling Chain Private Limited, maintaining 51% stake, as part of strategic expansion.Company Updatehigh impact
Cruxal's analysis: Race Eco Chain Limited has approved a rights issue subscription resulting in the…
Read the full analysis - Race Eco Chain Limited Announces Successful Conclusion of 26th Annual General Meeting and Voting ResultsAGM/EGMlow impact
Cruxal's analysis: Race Eco Chain Limited has successfully concluded its 26th Annual General Meeting held on…
Read the full analysis - Race Eco Chain Limited concludes 26th Annual General Meeting; reappoints Managing Director and Statutory AuditorsAGM/EGMlow impact
Cruxal's analysis: Race Eco Chain Limited has successfully concluded its 26th Annual General Meeting held on…
Read the full analysis - Trading Window Closure for September 2026 Quarter ResultsInsider Trading / SASTlow impact
- Race Eco Chain Limited Receives 'No Adverse Observation' from Stock Exchanges for Proposed Composite Scheme of ArrangementCompany Updatehigh impact
Cruxal's analysis: Race Eco Chain Limited has received formal 'no adverse observation' letters from both the…
Read the full analysis - Race Eco Chain Limited invests 4.67 crore in subsidiary Ganesha Recycling Chain Private LimitedCompany Updatemedium impact
Cruxal's analysis: Race Eco Chain Limited has announced an investment of 4.67 crore (specifically 4 crore 66…
Read the full analysis - Race Eco Chain Limited announces 26th Annual General Meeting, e-voting, and book closure detailsCompany Updatelow impact
Cruxal's analysis: Race Eco Chain Limited has formally notified the stock exchanges regarding the scheduling…
Read the full analysis - Race Eco Chain Ltd dispatches Annual Report for FY 2025-26Company Updatelow impact
Cruxal's analysis: Race Eco Chain Ltd has initiated the dispatch of its Annual Report for the financial year…
Read the full analysis - Race Eco Chain Limited Announces Schedule for 26th Annual General Meeting and Book ClosureCorp. Actionlow impact
Cruxal's analysis: Race Eco Chain Limited has formally notified the stock exchanges regarding the convening…
Read the full analysis - Race Eco Chain Ltd releases Annual Report for FY 2025-2026Otherslow impact
Cruxal's analysis: Race Eco Chain Ltd has filed its Annual Report for the financial year 2025-2026. The…
Read the full analysis - Race Eco Chain Limited Announces 26th Annual General Meeting for September 26, 2026AGM/EGMlow impact
Cruxal's analysis: Race Eco Chain Limited has issued a notice for its 26th Annual General Meeting (AGM) to…
Read the full analysis - Race Eco Chain Ltd receives Show Cause NoticeCompany Updatemedium impact
Cruxal's analysis: Race Eco Chain Ltd has formally intimated the receipt of a Show Cause Notice. The…
Read the full analysis - Race Eco Chain Limited Announces 26th Annual General Meeting to be Held via Video ConferencingCompany Updatelow impact
Cruxal's analysis: Race Eco Chain Limited has issued a formal notice regarding its 26th Annual General…
Read the full analysis - Race Eco Chain Limited invests 1.02 crore in subsidiary Ganesha Recycling Chain Private Limited via rights issueCompany Updatelow impact
Cruxal's analysis: Race Eco Chain Limited has subscribed to 1.02 lakh equity shares of its subsidiary…
Read the full analysis - Race Eco Chain Limited reports Q1 FY2027 financial results with net profit of 1.03 croreCompany Updatemedium impact
Cruxal's analysis: Race Eco Chain Limited has released its unaudited financial results for the quarter ended…
Read the full analysis - Race Eco Chain Limited Reports Q1 FY2027 Financial Results and Announces Key Management and Auditor AppointmentsBoard Meetingmedium impact
Cruxal's analysis: Race Eco Chain Limited reported Q1 FY2027 standalone revenue of 93.18 crore and a net…
Read the full analysis - Race Eco Chain Ltd provides update on disinvestment process initiated June 30, 2026Company Updatelow impact
Cruxal's analysis: Race Eco Chain Ltd has issued a follow-up disclosure regarding the disinvestment process…
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