Race Eco Chain
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Race Eco Chain

162.52
+1.09
(0.68%)
Market Cap
₹280.46 Cr
PE Ratio
41.74
Volume
1,055.00
Day High - Low
₹163.40 - ₹161.43
52W High-Low
₹387.00 - ₹152.54
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Key Fundamentals
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Market Cap
280.46 Cr
EPS
2.49
PB Ratio
3.87
Book Value
42.22
EBITDA
10.60
Dividend Yield
0.00 %
Industry
Utilities
ROE Growth %
-
Debt to Equity
1.11
Forecast For
Actual

Company News

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Caret
positive
Race Eco Chain delivered robust quarterly results with standalone revenue of ₹460.30 crore (36% YoY growth) and PAT of ₹3.76 crore (140% YoY growth), while forming a joint venture with Ganesha Ecosphere Limited to establish washing plants for premium rPET flakes production. The waste management company is expanding its collection network, launching the RACE App for supply chain digitization, and proposing a three-way business demerger to unlock value across its waste management, biomass, and recycled products segments.
neutral
Race Eco Chain Limited's Board approved unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The company operates in plastic waste, home furnishing, made-up items, bags & garments, and briquettes businesses through three main divisions: Recycle Division (generating Rs. 9,202.73 lakhs in quarterly revenue), Restore Division (Rs. 283.18 lakhs), and Biomass Division (Rs. 124.87 lakhs). The consolidated results include subsidiary companies Ganesha Recycling Chain Private Limited, India Polymers Private Limited, Silverline Eco Thrive Limited, and Vasundhara Envirogreen Private Limited, along with associate company Prime Industries Limited. The company disinvested its 65% stake in India Polymers Private Limited and invested Rs. 5.10 crores in subsidiary Ganesha Recycling Chain Private Limited by subscribing to 510,000 shares at Rs. 10 face value with Rs. 90 premium per share.
positive
Race Eco Chain Limited, a waste management and recycling company, reported consolidated revenue of ₹156.73 crore for the quarter ended June 30, 2025, representing an 81% year-over-year increase. The company's consolidated EBITDA grew 108% to ₹2.91 crore, while PAT surged 300% to ₹0.41 crore. The plastic packaging waste segment drove growth with revenue of ₹155.31 crore, up 97% year-over-year. However, the biofuel division faced challenges with revenue declining 95% to ₹0.33 crore due to procurement chain disruptions. The company operates through three segments: waste management, biofuel, and recycled products, with a pan-India presence including 80+ recycler network and 300+ supplier network. Race Eco Chain announced strategic initiatives including a joint venture with Ganesha Ecosphere Limited to set up washing plants for premium rPET flake production and plans for business demerger to separate into three focused entities. The company also launched the RACE App to streamline operations and received the ESG Excellence Award at LIFA Awards 2025.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
438.40
#1 2,434.47
15.55
#1 981.70
21.33
#1 184
-43.46
31.25
459.65
1,304.58
12.80
958.80
7.14
101
13.07
30.51
500.00
1,000.69
49.06
46.30
31.16
23
-31.71
29.17
412.20
853.10
18.43
599.20
17.10
58
-73.99
30.78
240.95
557.73
28.78
185.10
27.48
20
#1 450.00
54.67
187.05
427.74
51.57
151.20
49.55
9
-99.29
47.19
154.35
385.72
38.80
98.90
40.08
11
6.67
28.86
139.00
339.90
#1 6.81
373.20
30.58
50
-90.57
44.95
162.52
#9 280.46
#8 41.74
#4 556.00
#2 59.68
#10 4
#2 328.57
25.77
254.25
227.25
14.67
48.70
#1 75.18
16
104.09
40.19

Automatic Screeners on ScanX

Growth Rate
Revenue Growth
59.68 %
Net Income Growth
180.00 %
Cash Flow Change
-399.88 %
ROE
-22.70 %
ROCE
-38.99 %
EBITDA Margin (Avg.)
2.69 %

Quarterly Financial Results

Quarterly Financials
Jun 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
43
85
93
111
79
73
86
87
106
169
194
157
150
Expenses
43
84
92
109
78
71
84
85
104
165
191
154
145
EBITDA
1
1
1
2
1
2
2
2
2
3
4
3
5
Operating Profit %
1 %
1 %
1 %
2 %
1 %
2 %
1 %
2 %
2 %
2 %
2 %
2 %
2 %
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
1
Interest
0
0
0
1
1
1
1
1
1
1
2
2
2
Profit Before Tax
0
1
1
1
0
1
0
0
1
2
2
1
3
Tax
0
0
0
0
0
0
0
0
0
1
1
1
-0
Net Profit
0
0
0
1
0
1
0
0
1
2
2
0
3
EPS in ₹
0.12
0.22
0.27
0.55
0.13
0.30
0.07
0.06
2.34
1.03
0.92
1.13
1.72

Balance Sheet

Balance Sheet
2023
2024
2025
Total Assets
49
83
182
Fixed Assets
3
3
10
Current Assets
46
70
141
Capital Work in Progress
0
8
1
Investments
0
1
14
Other Assets
46
71
157
Total Liabilities
49
83
182
Current Liabilities
28
55
104
Non Current Liabilities
0
5
0
Total Equity
21
22
78
Reserve & Surplus
4
6
37
Share Capital
16
16
17

Cash Flow

Cash Flow
2023
2024
2025
Net Cash Flow
2
-3
5
Investing Activities
7
-18
-14
Operating Activities
-15
-9
-43
Financing Activities
10
24
61

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Apr 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Oct 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
44.79 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.03 %
0.17 %
0.17 %
0.07 %
0.00 %
0.01 %
0.00 %
0.72 %
DIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.58 %
0.58 %
0.58 %
0.58 %
0.58 %
0.58 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
38.30 %
38.79 %
38.44 %
38.35 %
37.49 %
37.35 %
30.22 %
30.58 %
31.48 %
31.60 %
31.83 %
31.18 %
30.10 %
29.59 %
29.38 %
29.52 %
29.80 %
30.17 %
30.08 %
30.06 %
30.71 %
Others
16.91 %
16.42 %
16.77 %
16.86 %
17.72 %
17.86 %
24.99 %
24.63 %
23.73 %
23.61 %
23.38 %
24.02 %
25.11 %
25.59 %
25.66 %
24.93 %
24.76 %
24.45 %
24.54 %
24.56 %
23.20 %
No of Share Holders
432
491
520
548
571
574
592
714
754
768
1,412
1,873
3,650
4,144
4,247
6,189
6,340
6,651
6,842
7,026
7,035

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
12 Jan 2021 CHANGE OF NAME Change Of Name
NA
12 Jan 2021 0.00 0.00
03 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
03 Jul 2024 352.85 430.70
12 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Nov 2024 397.45 374.30
11 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
11 Feb 2025 328.30 309.55
30 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 May 2025 259.20 269.25
12 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Aug 2025 247.25 235.21
24 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
24 Sept 2025 230.82 234.95
12 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Nov 2025 211.55 184.00

Announcements

Announcement under Regulation 30 (LODR)-Investor Presentation7 days ago
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 14, 2025
Financial Results For The Quarter And Half Year Ended 30Th September 2025.Nov 12, 2025
Board Meeting Outcome for Outcome Of Board MeetingNov 12, 2025
Board Meeting Intimation for The Meeting Of The Directors Of The Company Is Scheduled On 12/11/2025 Inter Alia To Consider And Approve The Standalone And Consolidated Un-Audited Financial Results For The Quarter And Half Year Ended On 30Th September 2025Nov 06, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 15, 2025
Announcement under Regulation 30 (LODR)-Diversification / DisinvestmentSep 30, 2025
ESG RATING CFC Finlease Private Limited - SEBI Registered ERP - IN/ERP/Category-II/0011Sep 26, 2025
Closure of Trading WindowSep 26, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 26, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 24, 2025
Board Meeting Outcome for Outcome Of Board MeetingSep 10, 2025
Board Meeting Intimation for Consider And Approve Sechme Of ArrangementSep 03, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 30, 2025
Intimation Regarding Letter Dispatched To The Shareholders.Aug 29, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 28, 2025
Intimation Of Cut Off Date Book Closer And E-Voting DetailsAug 28, 2025
Reg. 34 (1) Annual Report.Aug 28, 2025
Notice Of Annual General MeetingAug 28, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 25, 2025
Presentation On Financial Results For The Quarter Ending On 30Th June 2025Aug 19, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Appointment Of Secretarial AuditorAug 12, 2025
Appointment Of Internal Auditor For The F.Y 2025-2026Aug 12, 2025
Financial Results For The Quarter Ending On 30Th June 2025Aug 12, 2025
Board Meeting Outcome for Unaudited Financial Results For The Quarter Ending On 30Th June 2025Aug 12, 2025
Board Meeting Intimation for Consideration Of The Un-Audited Financial ResultsAug 05, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 17, 2025
Closure of Trading WindowJun 27, 2025
Participation In Global Concave On Plastic Recycling And Sustainability (GCPRS)Jun 17, 2025
Announcement under Regulation 30 (LODR)-Updates on AcquisitionJun 13, 2025
Announcement under Regulation 30 (LODR)-AcquisitionJun 11, 2025
Revised Financial ResultsJun 09, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJun 02, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 31, 2025
Financial ResultsMay 30, 2025
Board Meeting Outcome for Outcome Of The Board MeetingMay 30, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
Board Meeting Intimation for Consideration Of The Financial Results For The Financial Year Ended On 31St March 2025May 19, 2025
Board Meeting Intimation for Notice Of Board MeetingMay 13, 2025
Announcement Under Reg. 30 For The Step Down SubsidiaryApr 17, 2025
Announcement under Regulation 30 (LODR)-Updates on AcquisitionApr 15, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 15, 2025
Announcement Under Regulation 30 Of SEBI (LODR)Mar 28, 2025
Closure of Trading WindowMar 24, 2025
Announcement under Regulation 30 (LODR)-AcquisitionMar 04, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationFeb 14, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 13, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 12, 2025
Statement Of Deviation/ VariationFeb 11, 2025

Technical Indicators

RSI(14)
Neutral
24.08
ATR(14)
Less Volatile
11.47
STOCH(9,6)
Oversold
10.68
STOCH RSI(14)
Neutral
50.47
MACD(12,26)
Bearish
-1.51
ADX(14)
Very Strong Trend
53.91
UO(9)
Bullish
18.26
ROC(12)
Downtrend And Accelerating
-12.27
WillR(14)
Oversold
-84.14