RACE ECO CHAIN LIMITED·ENVIRONMENTAL SERVICES 42.00·Other Utilities Companies

2026-08-21 NSE BSE Web 20% Result 12 Aug

Price

102.53

+0.4%
O:103.7
H:104.99
L:100.01
C:102.53

52W Range

84.11252
+22%/-59%

Market Cap

₹176.94 Cr

Traded: ₹0.03 Cr (0.02%) 0.0x

Free Float: ₹83.74 Cr (0.03% of FF traded)

Volume · 60D trend

2.75 K 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-6% 3M:-7% 6M:-20% 12M:-31%

Valuation

P/E23.5
P/B2.4
P/S0.3
EV/EBIT35.1

Business Strength

ROE8.3%
ROCE9.6%
OPM2.3%
NPM1.1%

Growth (3Y CAGR)

EPS+74.2%
Sales+32.0%
Profit+73.0%
3Y Return-22.0%

Balance Sheet

Debt/Equity1.2
Debt90 Cr
Pledge0.0%
CWIP/Fixed Asset29.4%

Cash Position

CFO/NP--
FCF-43.4 Cr
FCF 3Y Avg-104 Cr
Cash/MCap5.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle43 days
Tradeable Free Float47.3%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 0
0.00% FF
60d high
₹ 1.40 Cr
60d low
₹ 0
60d mean
₹ 1.19 Cr
vs mean
▼ 100.00%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
--
--
+9.0%
--
--
--
Sales
--
--
+32.0%
--
+11.0%
Decelerating
Profit
--
--
+73.0%
--
+74.0%
Accelerating
Return
+26.0%
-12.0%
-22.0%
-58.0%
--
Decelerating

Quarterly Results

Jun 2026

12 Aug
Rev
191 Cr
----
OPM1.9%
NPM--
PAT
+214% YoY1 Cr
EPS
--0.6

Mar 2026

1 Jun
Rev
182 Cr
-6% YoY+39% QoQ
OPM2.4%
NPM1.1%
PAT
+26% YoY2 Cr
EPS
+26% YoY1.1

Dec 2025

14 Feb
Rev
131 Cr
-22% YoY-12% QoQ
OPM2.5%
NPM1.5%
PAT
+11% YoY2 Cr
EPS
+11% YoY1.0

Sep 2025

PDF
Rev
148 Cr
+40% YoY-5% QoQ
OPM2.5%
NPM2.0%
PAT
+284% YoY3 Cr
EPS
+286% YoY1.6

Jun 2025

PDF
Rev
157 Cr
+81% YoY-19% QoQ
OPM1.9%
NPM0.3%
PAT
+218% YoY0 Cr
EPS
+186% YoY0.2

Mar 2025

PDF
Rev
194 Cr
+128% YoY+15% QoQ
OPM1.8%
NPM0.8%
PAT
+1245% YoY2 Cr
EPS
+1129% YoY0.9

Dec 2024

PDF
Rev
168 Cr
+132% YoY+58% QoQ
OPM1.8%
NPM1.1%
PAT
+168% YoY2 Cr
EPS
+156% YoY0.9

Sep 2024

PDF
Rev
106 Cr
+35% YoY+23% QoQ
OPM1.7%
NPM0.7%
PAT
+232% YoY1 Cr
EPS
+223% YoY0.4

Jun 2024

PDF
Rev
86 Cr
-22% YoY+1% QoQ
OPM1.6%
NPM0.1%
PAT
-88% YoY0 Cr
EPS
-87% YoY0.1

Mar 2024

PDF
Rev
85 Cr
-8% YoY+17% QoQ
OPM1.2%
NPM0.1%
PAT
-75% YoY0 Cr
EPS
-74% YoY0.1

Dec 2023

PDF
Rev
73 Cr
-14% YoY-8% QoQ
OPM2.0%
NPM0.8%
PAT
+64% YoY1 Cr
EPS
+64% YoY0.4

Sep 2023

PDF
Rev
79 Cr
+60% YoY-29% QoQ
OPM1.5%
NPM0.3%
PAT
-21% YoY0 Cr
EPS
-24% YoY0.1

Jun 2023

PDF
Rev
111 Cr
--+20% QoQ
OPM1.7%
NPM0.8%
PAT
--1 Cr
EPS
--0.6

Mar 2023

PDF
Rev
92 Cr
--+9% QoQ
OPM0.9%
NPM0.5%
PAT
--0 Cr
EPS
--0.3

Dec 2022

Rev
85 Cr
--+72% QoQ
OPM0.7%
NPM0.4%
PAT
--0 Cr
EPS
--0.2

Sep 2022

Rev
49 Cr
----
OPM0.7%
NPM0.6%
PAT
--0 Cr
EPS
--0.2

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity1.22
Interest Coverage--x
Promoter Pledge0.0%
Borrowings90 Cr

Efficiency

Receivable Days59 days
Inventory Days2 days
Payable Days18 days
Cash Conversion cycle43 days

Cash Position

Operating Cash Flow--
Investing Cash Flow--
Financing Cash Flow--
Free Cash Flow-43 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Dec 2022
Sep 2022
Sales19118213114815719416810686857379111928549
Expenses18717812814515419116510485847178109918449
Operating Profit4434333211112110
OPM %1.9%2.4%2.5%2.5%1.9%1.8%1.8%1.7%1.6%1.2%2.0%1.5%1.7%0.9%0.7%0.7%
Other Income1122000001000000
Interest2322221111111000
Depreciation1111000000000000
Profit Before Tax1233122100101110
Tax %25.9%18.7%23.1%-3.1%69.1%23.6%25.6%5.2%68.8%70.0%18.1%33.3%29.5%31.3%29.4%20.0%
Net Profit1223022100101000
Exceptional Items--------------------------------
EPS (Rs)0.61.11.01.60.20.90.90.40.10.10.40.10.60.30.20.2
Sales Growth (YoY)---5.9%-22.1%39.6%81.3%127.7%131.7%34.8%-21.9%-7.7%-14.3%60.4%--------
Sales Growth (QoQ)--39.2%-11.7%-5.3%-19.2%15.2%58.5%23.0%1.5%17.2%-7.9%-28.8%19.9%8.9%72.5%--
OP Growth (YoY)23.0%25.5%10.6%98.4%107.9%227.9%104.7%58.1%-27.5%23.8%150.8%244.1%--------
OP Growth (QoQ)-16.4%27.8%-8.7%26.1%-14.7%12.5%63.8%32.1%34.6%-29.7%26.5%-39.4%129.8%42.4%73.5%--
Profit Growth (YoY)214.0%26.0%11.0%284.0%218.0%1245.0%168.0%232.0%-88.0%-75.0%64.0%-21.0%--------
EPS Growth (YoY)--25.6%10.9%285.7%185.7%1128.6%155.6%223.1%-87.3%-74.1%63.6%-23.5%--------
EPS Growth (QoQ)--5.9%-37.0%710.0%-76.7%-6.5%119.0%500.0%0.0%-80.6%176.9%-76.4%103.7%22.7%29.4%--
OP Margin--2.4%2.5%2.5%1.9%1.8%1.8%1.7%1.6%1.2%2.0%1.5%1.7%0.9%0.7%0.7%
Net Margin--1.1%1.5%2.0%0.3%0.8%1.1%0.7%0.1%0.1%0.8%0.3%0.8%0.5%0.4%0.6%
Material Cost %97.0%96.0%96.0%96.0%97.0%97.0%97.0%97.0%97.0%97.0%95.0%96.0%97.0%97.0%97.0%97.0%
Employee Cost %1.0%1.0%1.0%1.0%1.0%0.0%1.0%1.0%1.0%1.0%1.0%1.0%0.0%1.0%1.0%1.0%
P/S0.270.290.320.30------------------------
P/E23.5226.1031.1831.79------------------------
P/B2.392.392.732.71------------------------

Shareholding Pattern

Shareholders:6.8K (+801.3%)
Current MixMar 2026

Exchange Filings

50
Company Update14 Aug 2026

Intimation for the Investment in the Subsidiary Company

Company Update13 Aug 2026

Newspaper Publication of June 2026 Financial Results

Company Update12 Aug 2026

Pls find Intimation for the Re-appointment of Managing Director

Company Update12 Aug 2026

Appointment of Internal Auditor for the F.Y 2026-2027

Company Update12 Aug 2026

Pls find enclosed the Intimation for the appointment of the Statutory Auditor subject to the approval of the Shareholders

Result12 Aug 2026

Pls find enclosed Financial Results for June 30-06-2026

Board Meeting12 Aug 2026

Please find attached Outcome of the Boar Meeting 12-08-2026

Company Update12 Aug 2026

Pls Find attached Updates on Disinvestment intimation made on 30th June, 2026.

Board Meeting05 Aug 2026

Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....

Company Update17 Jul 2026

Intimation of Further Investment in the Subsidiary Company Ganesha Recycling Chain Private Limited.

Company Update04 Jul 2026

Certificate under Reg 74(5) of SEBI DP Regulation 2018

Company Update02 Jul 2026

Participation in 3rd Global Conclave on Plastic Recycling and Sustainability.

Company Update30 Jun 2026

Pls find attached Intimation of sale of 0.99% stake from the Associate Company M/s. prime Industries Limited

Insider Trading / SAST25 Jun 2026

Pls find attached Intimation for Trading Window Closer

Company Update19 Jun 2026

Investor Presentation on Quarter and Financial Year ended on 31st March, 2026.

Company Update31 May 2026

Pls find attached Newspaper Publication on Financial Results 31st March, 2026

Company Update30 May 2026

Annual Secretarial Compliance Report 2026

Company Update30 May 2026

Appointment of Mr. Sujeet Thakur as CFO of the Company.

Result30 May 2026

Pls find attached Financial Results

Board Meeting30 May 2026

Pls find attached Outcome of the Meeting

Result30 May 2026

Pls find enclosed Financial Results

Board Meeting23 May 2026

Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve as enclosed.

Board Meeting21 May 2026

Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve the Audited financial Results ....

Company Update15 May 2026

Intimation for acquisition of 51% stake by Subsidiary company in LLP

Company Update12 May 2026

Intimation for the further Investment by the Subsidiary Company into the Step down subsidiary

Company Update12 May 2026

Intimation for the Resignation tendered by the Chief Financial Officer of the company.

Company Update02 May 2026

Pls Find enclosed intimation for the Investment in the Subsidiary Company

Company Update07 Apr 2026

Pls find enclosed Certificate under Reg 74(5) of SEBI (DP) Regulation, 2018

Others01 Apr 2026

Outcome of the Board Meeting informing Forfeiture of the Convertible Warrants

Company Update01 Apr 2026

Intimation Reg 30 for the Forfeiture of the Convertible Warrants

Company Update30 Mar 2026

Intimation regarding search operation conducted by GST Department.

Insider Trading / SAST24 Mar 2026

Trading window closure Intimation

Insider Trading / SAST19 Mar 2026

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aryan Malik along with Mrs. Puja Malik

Company Update09 Mar 2026

Pls find attached Intimation for the Incorporation of the Subsidiary Company with the name Race Grassland Pvt Ltd

Company Update21 Feb 2026

Pls. find attached revised Disclosure

Others20 Feb 2026

Pls find attached Outcome of the Board Meeting

Company Update20 Feb 2026

The Company has agreed to acquire 51% stake in the Race Grassland Pvt Ltd (Proposed Company).

Company Update16 Feb 2026

Newspaper Publication on Financial Results for the Quarter and Nine Months ending on 31st December, 2026

Result14 Feb 2026

Pls Find attached Financial Results For the Quarter ending on December 2025

Result14 Feb 2026

Pls find attached Financial Results

Board Meeting14 Feb 2026

Pls find attached outcome of the Board Meeting.

Board Meeting07 Feb 2026

Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 ,inter alia, to consider and approve standalone and consolidated ....

Company Update20 Jan 2026

Our Company has further invested in the Subsidiary Company and been allotted the shares through Right Issue.

Company Update19 Jan 2026

Cerificate under Regulation 74(5) of SEBI (DP) Regulations

Insider Trading / SAST29 Dec 2025

The Trading Window for the trading in securities of the Company will remain close from 01st January, 2026 till the 48 hours after declaration of un-audited financial results for the quarter ....

Board Meeting16 Dec 2025

Outcome of the Board Meeting

Company Update15 Dec 2025

The Board of Directors during the Board Meeting held on 15th December has approved the Change in Designation of Mr. Anil Kumar Behl (DIN: 00697588) from Non-Executive Independent Director ....

Company Update13 Dec 2025

Resignation of Mr. Anil Kumar Behl (DIN: 00697588) as an Independent Director of the Company w.e.f 13th Day of December, 2025.

Board Meeting08 Dec 2025

Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/12/2025 ,inter alia, to consider and approve Scheme of Arrangement under ....

Insider Trading / SAST08 Dec 2025

The Trading window for dealing in securities of the Company will remain closed for the designated persons and their immediate relatives from Tuesday 09th December, 2025 till the closing ....

Annual Reports

12

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

Credit Ratings

6
crisilRating update
30 May 2025Report
crisilRating update
31 Aug 2020Report
crisilRating update
31 Jul 2020Report
crisilRating update
19 Aug 2019Report
crisilRating update
17 May 2019Report
crisilRating update
30 Apr 2019Report

Concalls

9

Nov 2025

30 Nov 2025

Jun 2025

30 Jun 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Nov 2024

30 Nov 2024

Jun 2024

30 Jun 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Jun 2023

30 Jun 2023