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    Process industries

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    Textiles
Race Eco Chain Ltd.

Race Eco Chain Ltd.

108.36
INR
-1.45
(-1.32%)
4.73EPS
24.66P/E
1.92BMarket Cap
Race Eco Chain Ltd.
NSE:RACE
(National Stock Exchange of India)

Recent

price

108.36

P/E

ratio

24.66

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
20.77
24.18
25.6
23.29
22.62
34.25
29.67
8.6
35.94
95.56
163.76
206.16
321.66
358.55
392.42
Revenue per Share
0.07
-0.01
0.06
0.05
0.08
0.05
0.03
0.02
0.61
0.56
0.79
0.92
2.26
3.92
4.52
Basic EPS, GAAP
-1.23
-2.63
-4.92
1.01
-0.1
4.72
3.89
-2.17
-3.26
0.64
-9.32
-10.42
-29.98
3.64
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4.12
10.16
10.18
10.24
10.32
10.36
10.4
10.42
11.02
11.72
12.52
13.52
41.48
42.95
- -
Book Value per Share
4.12
10.16
10.18
10.24
10.32
10.36
10.4
10.42
11
11.68
12.49
13.5
41.45
42.88
- -
Tangible Book Value per Share
16
16
16
18
16
16
17
18
16
16
16
17
17
17
17
Basic Weighted Avg Shares
341
397
421
418
351
552
502
158
587
1,570
2,691
3,475
5,551
6,188
6,531
Sales/Revenue/Turnover
1.17
1
0.59
1.79
1.82
0.72
-0.51
-3.95
2.16
0.28
0.65
1.57
1.62
2.09
1.93
Operating Margin (%)
1
2
3
3
2
4
4
3
2
3
4
8
9
18
23
Depreciation Expense
1
- -
1
1
1
1
1
- -
10
9
13
15
39
68
75
Net Income, GAAP
26.93
195.28
32.49
28.42
28.37
- -
29
- -
32.36
13.54
27.05
43.31
24.36
20.52
14.15
Effective Tax Rate (%)
0.33
-0.05
0.22
0.21
0.35
0.15
0.1
0.23
1.7
0.58
0.48
0.45
0.7
1.09
1.15
Profit Margin (%)
46
76
141
147
146
94
53
69
171
161
176
150
368
288
- -
Working Capital
- -
- -
- -
- -
- -
1
1
- -
- -
2
2
52
1
16
- -
LT Debt
68
167
167
168
170
170
171
171
181
193
206
222
779
865
- -
Total Equity
- -
-0.12
0.37
0.41
0.57
- -
-1.53
- -
1.42
2.49
4.56
5.76
6.43
6.28
- -
Return on Invested Capital (%)
- -
-2.69
2.13
2.38
2.11
- -
1.91
- -
5.8
5.14
6.01
6.2
6.58
7.8
- -
Return on Capital (%)
- -
-0.16
0.54
0.54
0.73
0.47
0.3
0.22
5.66
4.91
6.55
7.24
8.3
9.28
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
885
- -
LT Borrowings
- -
15
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
2,438
1,485
1,924

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,559
- -
Cash, Cash Equivalents & STI
- -
156
- -
Accounts Receivable, Net
- -
999
- -
Inventories
- -
28
- -
Total Current Liabilities
- -
1,271
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
885
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.02%
56.54%
11%
Free Cash Flow
-680.92%
-314.25%
-112.14%
Net Income, GAAP
282.5%
55.62%
73.76%
Sales/Revenue/Turnover
57.39%
67.83%
11.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
864
1,063
1,684
1,939
5,551
2026
1,567
1,484
1,311
1,825
6,188
2027
1,911
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.06
2.34
1.03
0.92
2.26
2026
0.2
1.72
1.13
1.14
3.92
2027
0.6
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Race Eco Chain Limited (RACE.NS) engages in waste management and recycling, focusing on the collection, segregation, transportation, trading, processing, and supply of recyclable waste including PET plastic bottle waste, non-PET plastic waste, wastepaper, metal waste, biomass briquettes, and recycled products such as recycled PET bags and fabrics produced at Global Recycle Standard-certified mills; it operates an AI-enabled app with blockchain for connecting suppliers and buyers, regional collection centers, washing plants for B2B bottle-to-bottle raw materials, and digitized supply chain solutions emphasizing ESG compliance and circular economy principles. The company serves recyclers, corporates, and stakeholders across India through a pan-India network of over 500 suppliers in most states, headquartered in Ghaziabad, Uttar Pradesh. Founded in 1999, Race Eco Chain reports strong growth with FY25 plastic waste collection up 66% year-on-year, turnover exceeding 60 crore, market capitalization surpassing 300 crore, and team expansion to over 60 members. Recent developments include a February 2025 strategic joint venture with Ganesha Ecosphere Limited forming Ganesha Recycling Chain Private Limited, where Race holds a 51% stake to establish washing plants for rPET flakes; a June 2025 Rs 2.55 crore equity investment via rights issue in the subsidiary; and an acquisition of Vasundhara Envirogreen Private Limited in FY25 to bolster recyclable material supply in Uttar Pradesh.