Race Eco Chain Limited

NSE: RACE · Unclassified

₹104.84-1.78%06 Nov 2026

Ask the data

Instant answers about Race Eco Chain Limited — computed from its filings, no language model

Market cap₹181 cr

Current price₹104.84

High / Low₹216 / ₹86

P/E23.7

P/B2.44

Book value₹43.0

ROE10.3%

ROCE11.1%

Debt / equity1.21

Dividend yield—

EPS (TTM)₹4.42

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY24	FY26
Revenue	347.5	618.8
EBITDA	5.8	14.2
Operating margin	1.7%	2.3%
Interest	2.9	8.2
Depreciation	0.8	1.8
Profit before tax	2.7	9.2
Tax	1.2	1.9
Net profit	1.6	7.3
EPS ₹	0.94	4.23
Operating cash flow	-8.5	18.9
Capex	3.5	12.6
Dividend paid	0.0	0.0
Total assets	82.9	215.5
Equity	22.2	74.1

Quarterly performance

last 11 quarters · ₹ crore

showing latest 8 of 11 periods

	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	78.9	72.7	85.2	86.4	106.3	168.4	156.7	148.4	131.1	182.5	191.1
Operating profit	1.2	1.5	1.0	1.4	1.9	3.0	2.9	3.7	3.4	4.3	3.6
Operating margin	1.5%	2.0%	1.2%	1.6%	1.7%	1.8%	1.9%	2.5%	2.6%	2.3%	1.9%
Other income	0.1	0.1	0.6	0.1	4.4	0.3	0.3	0.4	0.5	0.5	0.8
Interest	0.8	0.8	0.8	0.9	1.0	0.8	1.6	2.0	2.1	2.5	2.5
Depreciation	0.1	0.1	0.4	0.3	0.2	0.2	0.2	0.5	0.5	0.5	0.8
Profit before tax	0.3	0.7	0.4	0.3	5.1	2.4	1.4	2.9	2.5	2.4	1.4
Tax	0.1	0.1	0.3	0.2	1.0	0.6	0.9	-0.1	0.6	0.5	0.4
Net profit	0.2	0.6	0.7	0.1	4.0	1.6	0.3	2.8	1.8	2.0	1.1
EPS ₹	0.13	0.36	0.07	0.06	2.34	1.03	1.13	1.72	1.13	1.14	0.60
Revenue YoY	—	—	—	—	34.7%	131.7%	81.3%	39.6%	-22.1%	—	21.9%
Profit YoY	—	—	—	—	1736.4%	167.8%	218.2%	-30.7%	11.4%	—	214.3%

Earlier results (standalone, Mar '23 – Jun '23)

₹ crore · from BSE, before the NSE XBRL filings begin

Race Eco Chain Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Quarters

	MAR '23†	JUN '23†
Revenue	177.1	110.7
Operating profit	1.4	1.9
Operating margin	0.8%	1.7%
Other income	0.3	0.0
Interest	0.4	0.6
Depreciation	0.2	0.1
Profit before tax	1.2	1.3
Tax	0.3	0.4
Net profit	0.8	0.9
EPS ₹	0.51	0.55

Returns & margins

trailing-twelve-month, per quarter

	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26
ROE	7.5%	7.5%	8.9%	9.3%	10.3%
ROCE	7.8%	10.6%	12.4%	10.6%	11.1%
Net margin	0.5%	1.6%	1.4%	1.1%	1.2%
EBITDA margin	1.6%	1.6%	1.6%	2.3%	2.3%
Debt / equity	1.91	0.30	0.30	1.21	1.21
Interest coverage	1.53	2.83	3.31	2.12	2.02
Asset turnover	3.90	3.22	4.10	2.87	3.03

Balance sheet

equity vs borrowings over time · ₹ crore

	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26
Share capital	16.4	16.4	17.3	17.3	17.3
Other equity / reserves	5.3	5.8	55.6	67.2	56.9
Total equity	21.7	22.2	72.9	84.4	74.1
Borrowings	32.2	42.5	21.6	71.2	90.0
Current liabilities	41.9	55.4	34.9	112.9	127.1
Non-current liabilities	0.2	5.3	1.0	4.6	1.9
Total assets	63.8	82.9	108.8	201.9	215.5
Property, plant & equipment	2.9	8.2	2.6	11.6	16.5
Capital work-in-progress	0.0	2.6	0.0	2.7	5.1
Investments	0.0	1.4	0.0	13.3	0.0
Inventories	0.9	1.0	0.9	3.0	2.8
Receivables	45.0	55.1	52.9	111.8	99.9
Cash & equivalents	6.0	0.4	25.2	10.0	15.4

Cash flow

annual · ₹ crore · line = free cash flow

	FY24	FY26
Cash from operations	-8.5	18.9
Cash from investing	-18.2	-28.8
Cash from financing	24.1	20.2
Capex	3.5	12.6
Free cash flow	-12.0	6.3
Dividends paid	0.0	0.0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹16.5 cr8%

CWIP

₹5.1 cr2%

Inventories

₹2.8 cr1%

Receivables

₹99.9 cr46%

Cash & equivalents

₹15.4 cr7%

Other assets

₹75.8 cr35%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Race Eco Chain Limited	181	104.84	23.7	2.44	10.3%

StoxGud checklist: Bearish setup · 1/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.1%

6 months-16.4%

1 year-52.0%

3Y CAGR-26.8%

5Y CAGR—

10Y CAGR—

50-day avg₹106.08

200-day avg₹111.42

RSI (14)25

FAQs

What is the share price of Race Eco Chain Limited?

Race Eco Chain Limited (RACE) closed at ₹104.84 on NSE on 06 Nov 2026.

What is the market cap of Race Eco Chain Limited?

₹181 crore at the latest close.

What is the P/E ratio of Race Eco Chain Limited?

23.7, on trailing-twelve-month earnings from its filings.

How fast is Race Eco Chain Limited growing?

Race Eco Chain Limited: Latest-quarter revenue is up 21.9% year on year, profit up 214.3%.

How profitable is Race Eco Chain Limited?

On a trailing-twelve-month basis return on equity is 10.3%, return on capital employed 11.1%, operating margin 2.3%, net margin 1.2%.

How much debt does Race Eco Chain Limited have?

Race Eco Chain Limited is moderately geared: debt to equity is 1.21 with borrowings of ₹90 cr against cash of ₹15 cr (balance sheet of 2026-03-31). Operating profit covers interest 2.0 times.

Financials parsed from Race Eco Chain Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '23, annual from FY24, balance sheet from Sep '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.