Race Eco Chain Ltd.
•₹ 102.530.4%
2026-08-21
PROS
- Company has delivered good sales growth of 96.2% CAGR over last 5 years
- Company converts assets efficiently - asset turnover of 4.0x
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -7.99x)
- Company has a low return on capital employed of 9.8%
- Company has a low return on equity of 7.9% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | WABAG | 1976.15 | 31.27 | 12346.62 | 0.25 | 90.10 | 36.93 | 886.80 | 20.82 | 21.22 | 9.59 |
| 2. | IONEXCHANG | 372.60 | 55.72 | 5464.80 | 0.34 | 3.06 | -93.68 | 700.46 | 20.11 | 13.46 | 4.59 |
| 3. | AWHCL | 381.20 | 18.52 | 1081.93 | 0.13 | 0.75 | -96.74 | 260.99 | 5.52 | 13.11 | 14.25 |
| 4. | ECORECO | 460.90 | 37.60 | 903.21 | 0.00 | 9.17 | 13.35 | 16.19 | 75.22 | 43.18 | 56.27 |
| 5. | CEWATER | 274.80 | 0.00 | 568.73 | 0.00 | -175.69 | -4365.36 | 853.47 | 733.53 | 15.16 | -18.72 |
| 6. | RACE | 100.05 | 22.95 | 172.66 | 0.00 | 1.03 | 150.00 | 191.06 | 21.91 | 10.23 | 1.99 |
| 7. | BANKA | 78.40 | 240.91 | 86.00 | 0.00 | -0.04 | -295.00 | 10.55 | -5.29 | -8.20 | 17.27 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 111 | 79 | 69 | 79 | 86 | 106 | 129 | 139 | 99 | 96 | 79 | 108 | 93 | |
| 109 | 78 | 68 | 78 | 85 | 104 | 126 | 136 | 97 | 94 | 76 | 105 | 93 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 1 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | |
| Tax % | 29.46% | 30.23% | 15.09% | 46.67% | 36.84% | 130.38% | 25.41% | 18.59% | 85.51% | -28.89% | 66.67% | 37.88% | 21.79% |
| Net Profit | 1 | 0 | 0 | 0 | 0 | -0 | 1 | 1 | 0 | 1 | 0 | 1 | 1 |
| 1 | 0 | 0 | 0 | 0 | -0 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | |
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 111
- 109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 29.46%
- Net Profit
- 1
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 79
- 78
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 30.23%
- Net Profit
- 0
- 0
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 69
- 68
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 15.09%
- Net Profit
- 0
- 0
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 79
- 78
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 46.67%
- Net Profit
- 0
- 0
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 86
- 85
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 36.84%
- Net Profit
- 0
- 0
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 106
- 104
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 130.38%
- Net Profit
- -0
- -0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 129
- 126
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 2
- Tax %
- 25.41%
- Net Profit
- 1
- 1
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 139
- 136
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 2
- Tax %
- 18.59%
- Net Profit
- 1
- 1
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 99
- 97
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- 85.51%
- Net Profit
- 0
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 96
- 94
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- -28.89%
- Net Profit
- 1
- 1
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 79
- 76
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- 66.67%
- Net Profit
- 0
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 108
- 105
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- 37.88%
- Net Profit
- 1
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 93
- 93
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- 21.79%
- Net Profit
- 1
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 42 | 35 | 55 | 50 | 16 | 59 | 157 | 269 | 338 | 460 | 376 | |
| 41 | 34 | 54 | 50 | 16 | 59 | 157 | 267 | 333 | 452 | 369 | |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 6 | 10 | — |
| OPM % | 3 | 3 | 2 | 2 | 7 | 4 | 1 | 1 | 2 | 2 | — |
| Other Income | 0 | 0 | 0 | 1 | 1 | 3 | 2 | 1 | 1 | 1 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 3 | 4 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 5 | 4 | |
| Tax % | 28 | 28 | -71 | 29 | -107 | 32 | 14 | 27 | 42 | 21 | 23 |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 4 | 3 |
| EPS | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | — |
Mar 2016
- 42
- 41
- Operating Profit
- 1
- OPM %
- 3
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 28
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 35
- 34
- Operating Profit
- 1
- OPM %
- 3
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 28
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 55
- 54
- Operating Profit
- 1
- OPM %
- 2
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- -71
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 50
- 50
- Operating Profit
- 1
- OPM %
- 2
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 29
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 16
- 16
- Operating Profit
- 1
- OPM %
- 7
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- -107
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 59
- 59
- Operating Profit
- 2
- OPM %
- 4
- Other Income
- 3
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 32
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 157
- 157
- Operating Profit
- 2
- OPM %
- 1
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 14
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 269
- 267
- Operating Profit
- 3
- OPM %
- 1
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 2
- Tax %
- 27
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 338
- 333
- Operating Profit
- 6
- OPM %
- 2
- Other Income
- 1
- Interest
- 3
- Depreciation
- 1
- 3
- Tax %
- 42
- Net Profit
- 2
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 460
- 452
- Operating Profit
- 10
- OPM %
- 2
- Other Income
- 1
- Interest
- 4
- Depreciation
- 1
- 5
- Tax %
- 21
- Net Profit
- 4
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
TTM
- 376
- 369
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 8
- Depreciation
- 1
- 4
- Tax %
- 23
- Net Profit
- 3
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 27%
- 5 Years:
- 96%
- 3 Years:
- 43%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 45%
- 5 Years:
- 152%
- 3 Years:
- 60%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -28%
- 1 Year:
- -54%
RETURN ON EQUITY
- 10 Years:
- 4%
- 5 Years:
- 7%
- 3 Years:
- 8%
- Last Year:
- 10%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 17 |
| 0 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 6 | 37 | |
| 4 | 6 | 4 | 7 | 7 | 7 | 5 | 15 | 37 | 58 | |
| Trade Payables | 10 | 0 | 13 | 9 | 1 | 5 | 8 | 12 | 13 | 23 |
| 0 | 1 | 4 | 2 | 2 | 2 | 2 | 1 | 1 | 19 | |
| Total Liabilities | 31 | 24 | 39 | 35 | 27 | 32 | 33 | 49 | 73 | 154 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 2 | 2 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 3 | |
| 0 | 0 | 0 | 4 | 6 | 0 | 0 | 0 | 5 | 21 | |
| 11 | 1 | 10 | 7 | 4 | 4 | 0 | 1 | 1 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53 | 95 | |
| Cash & Bank | 0 | 0 | 0 | 0 | 0 | 4 | 1 | 3 | 0 | 4 |
| 18 | 21 | 26 | 22 | 16 | 22 | 29 | 42 | 11 | 30 | |
| Total Assets | 31 | 24 | 39 | 35 | 27 | 32 | 33 | 49 | 73 | 154 |
| Total Debt | 4 | 6 | 5 | 7 | 7 | 7 | 5 | 16 | 37 | 58 |
| Net Working Capital | 15 | 15 | 9 | 5 | 7 | 17 | 16 | 18 | 14 | 33 |
| Contingent Liabilities | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 10.24 | 10.32 | 10.36 | 10.40 | 10.42 | 11.02 | 11.72 | 12.52 | 13.53 | 31.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 4 | 6 | 5 | 7 | 7 | 7 | 5 | 16 | 37 | 58 |
| Net Working Capital | 15 | 15 | 9 | 5 | 7 | 17 | 16 | 18 | 14 | 33 |
| Contingent Liabilities | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 10.24 | 10.32 | 10.36 | 10.40 | 10.42 | 11.02 | 11.72 | 12.52 | 13.53 | 31.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 16
- 0
- 4
- Trade Payables
- 10
- 0
- Total Liabilities
- 31
- 2
- 0
- 11
- 0
- Cash & Bank
- 0
- 18
- Total Assets
- 31
- Total Debt
- 4
- Net Working Capital
- 15
- Contingent Liabilities
- 0
- Book Value per Share
- 10.24
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 15
- Contingent Liabilities
- 0
- Book Value per Share
- 10.24
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 16
- 1
- 6
- Trade Payables
- 0
- 1
- Total Liabilities
- 24
- 2
- 0
- 1
- 0
- Cash & Bank
- 0
- 21
- Total Assets
- 24
- Total Debt
- 6
- Net Working Capital
- 15
- Contingent Liabilities
- 0
- Book Value per Share
- 10.32
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 15
- Contingent Liabilities
- 0
- Book Value per Share
- 10.32
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 16
- 1
- 4
- Trade Payables
- 13
- 4
- Total Liabilities
- 39
- 2
- 0
- 10
- 0
- Cash & Bank
- 0
- 26
- Total Assets
- 39
- Total Debt
- 5
- Net Working Capital
- 9
- Contingent Liabilities
- 0
- Book Value per Share
- 10.36
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 9
- Contingent Liabilities
- 0
- Book Value per Share
- 10.36
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 16
- 1
- 7
- Trade Payables
- 9
- 2
- Total Liabilities
- 35
- 2
- 4
- 7
- 0
- Cash & Bank
- 0
- 22
- Total Assets
- 35
- Total Debt
- 7
- Net Working Capital
- 5
- Contingent Liabilities
- 1
- Book Value per Share
- 10.40
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 5
- Contingent Liabilities
- 1
- Book Value per Share
- 10.40
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 16
- 1
- 7
- Trade Payables
- 1
- 2
- Total Liabilities
- 27
- 2
- 6
- 4
- 0
- Cash & Bank
- 0
- 16
- Total Assets
- 27
- Total Debt
- 7
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 10.42
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 10.42
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 16
- 2
- 7
- Trade Payables
- 5
- 2
- Total Liabilities
- 32
- 1
- 0
- 4
- 0
- Cash & Bank
- 4
- 22
- Total Assets
- 32
- Total Debt
- 7
- Net Working Capital
- 17
- Contingent Liabilities
- 0
- Book Value per Share
- 11.02
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 17
- Contingent Liabilities
- 0
- Book Value per Share
- 11.02
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 16
- 3
- 5
- Trade Payables
- 8
- 2
- Total Liabilities
- 33
- 3
- 0
- 0
- 0
- Cash & Bank
- 1
- 29
- Total Assets
- 33
- Total Debt
- 5
- Net Working Capital
- 16
- Contingent Liabilities
- 0
- Book Value per Share
- 11.72
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 16
- Contingent Liabilities
- 0
- Book Value per Share
- 11.72
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 16
- 4
- 15
- Trade Payables
- 12
- 1
- Total Liabilities
- 49
- 3
- 0
- 1
- 0
- Cash & Bank
- 3
- 42
- Total Assets
- 49
- Total Debt
- 16
- Net Working Capital
- 18
- Contingent Liabilities
- 0
- Book Value per Share
- 12.52
- Face Value
- 10.00
- Total Debt
- 16
- Net Working Capital
- 18
- Contingent Liabilities
- 0
- Book Value per Share
- 12.52
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 16
- 6
- 37
- Trade Payables
- 13
- 1
- Total Liabilities
- 73
- 3
- 5
- 1
- 53
- Cash & Bank
- 0
- 11
- Total Assets
- 73
- Total Debt
- 37
- Net Working Capital
- 14
- Contingent Liabilities
- 0
- Book Value per Share
- 13.53
- Face Value
- 10.00
- Total Debt
- 37
- Net Working Capital
- 14
- Contingent Liabilities
- 0
- Book Value per Share
- 13.53
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 17
- 37
- 58
- Trade Payables
- 23
- 19
- Total Liabilities
- 154
- 3
- 21
- 1
- 95
- Cash & Bank
- 4
- 30
- Total Assets
- 154
- Total Debt
- 58
- Net Working Capital
- 33
- Contingent Liabilities
- 0
- Book Value per Share
- 31.29
- Face Value
- 10.00
- Total Debt
- 58
- Net Working Capital
- 33
- Contingent Liabilities
- 0
- Book Value per Share
- 31.29
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -0 | 8 | 7 | -4 | -5 | 5 | -15 | -10 | -28 | |
| Cash from Investing | 0 | -1 | -6 | -8 | 5 | 10 | -6 | 7 | -11 | -28 |
| Cash from Financing | -2 | 1 | -2 | 2 | -1 | -1 | -2 | 10 | 18 | 60 |
| -0 | 0 | 0 | 0 | -0 | 4 | -3 | 2 | -3 | 4 | |
| Free Cash Flow | 2 | -1 | 8 | 7 | -6 | -5 | 3 | -15 | -11 | -29 |
| OCF / Net Profit | 20.19 | -1.25 | 94.30 | 129.70 | -108.51 | -5.12 | 5.30 | -11.18 | -6.44 | -7.54 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 9 | 2 | 6 | -17 | -34 | -57 |
| OCF / Net Profit | 20.19 | -1.25 | 94.30 | 129.70 | -108.51 | -5.12 | 5.30 | -11.18 | -6.44 | -7.54 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 9 | 2 | 6 | -17 | -34 | -57 |
Mar 2016
- 2
- Cash from Investing
- 0
- Cash from Financing
- -2
- -0
- Free Cash Flow
- 2
- OCF / Net Profit
- 20.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 20.19
- Cumulative 5-Year FCF
- 0
Mar 2017
- -0
- Cash from Investing
- -1
- Cash from Financing
- 1
- 0
- Free Cash Flow
- -1
- OCF / Net Profit
- -1.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.25
- Cumulative 5-Year FCF
- 0
Mar 2018
- 8
- Cash from Investing
- -6
- Cash from Financing
- -2
- 0
- Free Cash Flow
- 8
- OCF / Net Profit
- 94.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 94.30
- Cumulative 5-Year FCF
- 0
Mar 2019
- 7
- Cash from Investing
- -8
- Cash from Financing
- 2
- 0
- Free Cash Flow
- 7
- OCF / Net Profit
- 129.70
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 129.70
- Cumulative 5-Year FCF
- 0
Mar 2020
- -4
- Cash from Investing
- 5
- Cash from Financing
- -1
- -0
- Free Cash Flow
- -6
- OCF / Net Profit
- -108.51
- Cumulative 5-Year FCF
- 9
- OCF / Net Profit
- -108.51
- Cumulative 5-Year FCF
- 9
Mar 2021
- -5
- Cash from Investing
- 10
- Cash from Financing
- -1
- 4
- Free Cash Flow
- -5
- OCF / Net Profit
- -5.12
- Cumulative 5-Year FCF
- 2
- OCF / Net Profit
- -5.12
- Cumulative 5-Year FCF
- 2
Mar 2022
- 5
- Cash from Investing
- -6
- Cash from Financing
- -2
- -3
- Free Cash Flow
- 3
- OCF / Net Profit
- 5.30
- Cumulative 5-Year FCF
- 6
- OCF / Net Profit
- 5.30
- Cumulative 5-Year FCF
- 6
Mar 2023
- -15
- Cash from Investing
- 7
- Cash from Financing
- 10
- 2
- Free Cash Flow
- -15
- OCF / Net Profit
- -11.18
- Cumulative 5-Year FCF
- -17
- OCF / Net Profit
- -11.18
- Cumulative 5-Year FCF
- -17
Mar 2024
- -10
- Cash from Investing
- -11
- Cash from Financing
- 18
- -3
- Free Cash Flow
- -11
- OCF / Net Profit
- -6.44
- Cumulative 5-Year FCF
- -34
- OCF / Net Profit
- -6.44
- Cumulative 5-Year FCF
- -34
Mar 2025
- -28
- Cash from Investing
- -28
- Cash from Financing
- 60
- 4
- Free Cash Flow
- -29
- OCF / Net Profit
- -7.54
- Cumulative 5-Year FCF
- -57
- OCF / Net Profit
- -7.54
- Cumulative 5-Year FCF
- -57
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.05 | 0.08 | 0.05 | 0.03 | 0.02 | 0.61 | 0.56 | 0.79 | 0.95 | 2.18 |
| Book Value (₹) | 10.24 | 10.32 | 10.36 | 10.40 | 10.42 | 11.02 | 11.72 | 12.52 | 13.53 | 31.29 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.22 | 0.21 | 0.31 | 0.26 | 0.20 | 0.75 | 0.76 | 1.06 | 1.36 | 2.57 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 2.57% | 2.66% | 2.00% | 2.04% | 6.59% | 3.99% | 1.15% | 1.09% | 1.63% | 1.83% |
| Net Margin % | 0.21% | 0.35% | 0.15% | 0.10% | 0.23% | 1.70% | 0.58% | 0.48% | 0.46% | 0.82% |
| ROE % | 0.54% | 0.73% | 0.47% | 0.30% | 0.22% | 5.66% | 4.91% | 6.55% | 7.32% | 9.86% |
| ROCE % | 3.72% | 3.27% | 3.04% | 2.82% | 3.10% | 8.66% | 6.04% | 8.29% | 11.64% | 9.40% |
| 0.32% | 0.45% | 0.26% | 0.14% | 0.12% | 3.39% | 2.80% | 3.17% | 2.56% | 3.30% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 110 | 179 | 112 | 92 | 187 | 65 | 37 | 37 | 48 | 59 |
| Inventory Days | 63 | 59 | 36 | 62 | 121 | 26 | 5 | 1 | 1 | 1 |
| Payable Days | 51 | 55 | 47 | 86 | 129 | 21 | 15 | 13 | 14 | 15 |
| 122 | 183 | 101 | 69 | 179 | 70 | 27 | 24 | 35 | 45 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.26x | 0.33x | 0.27x | 0.41x | 0.40x | 0.37x | 0.25x | 0.75x | 1.66x | 1.08x |
| Interest Coverage (x) | 1.18x | 1.32x | 1.08x | 1.12x | 1.02x | 3.32x | 3.55x | 3.53x | 1.95x | 2.16x |
| 2.05x | 3.06x | 1.44x | 1.30x | 1.73x | 2.25x | 2.14x | 1.62x | 1.28x | 1.40x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -0.61% | -16.06% | 57.42% | -9.16% | -68.46% | 271.00% | 167.75% | 71.16% | 25.80% | 35.98% |
| Operating Profit Growth % | 4.73% | -13.19% | 18.46% | -7.49% | 2.02% | 124.43% | -22.79% | 62.64% | 111.00% | 53.90% |
| Net Profit Growth % | -1.42% | 38.23% | -35.00% | -37.08% | -27.50% | 2608.27% | -7.96% | 42.26% | 20.11% | 139.77% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 20.11% | 128.30% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 339.56x | 118.37x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.94x | 8.24x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 91.67x | 52.27x |
Mar 2016
- EPS (₹)
- 0.05
- Book Value (₹)
- 10.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.22
- Operating Margin %
- 2.57%
- Net Margin %
- 0.21%
- ROE %
- 0.54%
- ROCE %
- 3.72%
- 0.32%
- Debtor Days
- 110
- Inventory Days
- 63
- Payable Days
- 51
- 122
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 1.18x
- 2.05x
- Revenue Growth %
- -0.61%
- Operating Profit Growth %
- 4.73%
- Net Profit Growth %
- -1.42%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 0.08
- Book Value (₹)
- 10.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.21
- Operating Margin %
- 2.66%
- Net Margin %
- 0.35%
- ROE %
- 0.73%
- ROCE %
- 3.27%
- 0.45%
- Debtor Days
- 179
- Inventory Days
- 59
- Payable Days
- 55
- 183
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 1.32x
- 3.06x
- Revenue Growth %
- -16.06%
- Operating Profit Growth %
- -13.19%
- Net Profit Growth %
- 38.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.05
- Book Value (₹)
- 10.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.31
- Operating Margin %
- 2.00%
- Net Margin %
- 0.15%
- ROE %
- 0.47%
- ROCE %
- 3.04%
- 0.26%
- Debtor Days
- 112
- Inventory Days
- 36
- Payable Days
- 47
- 101
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 1.08x
- 1.44x
- Revenue Growth %
- 57.42%
- Operating Profit Growth %
- 18.46%
- Net Profit Growth %
- -35.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.03
- Book Value (₹)
- 10.40
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.26
- Operating Margin %
- 2.04%
- Net Margin %
- 0.10%
- ROE %
- 0.30%
- ROCE %
- 2.82%
- 0.14%
- Debtor Days
- 92
- Inventory Days
- 62
- Payable Days
- 86
- 69
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 1.12x
- 1.30x
- Revenue Growth %
- -9.16%
- Operating Profit Growth %
- -7.49%
- Net Profit Growth %
- -37.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.02
- Book Value (₹)
- 10.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.20
- Operating Margin %
- 6.59%
- Net Margin %
- 0.23%
- ROE %
- 0.22%
- ROCE %
- 3.10%
- 0.12%
- Debtor Days
- 187
- Inventory Days
- 121
- Payable Days
- 129
- 179
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 1.02x
- 1.73x
- Revenue Growth %
- -68.46%
- Operating Profit Growth %
- 2.02%
- Net Profit Growth %
- -27.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.61
- Book Value (₹)
- 11.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.75
- Operating Margin %
- 3.99%
- Net Margin %
- 1.70%
- ROE %
- 5.66%
- ROCE %
- 8.66%
- 3.39%
- Debtor Days
- 65
- Inventory Days
- 26
- Payable Days
- 21
- 70
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 3.32x
- 2.25x
- Revenue Growth %
- 271.00%
- Operating Profit Growth %
- 124.43%
- Net Profit Growth %
- 2608.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.56
- Book Value (₹)
- 11.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.76
- Operating Margin %
- 1.15%
- Net Margin %
- 0.58%
- ROE %
- 4.91%
- ROCE %
- 6.04%
- 2.80%
- Debtor Days
- 37
- Inventory Days
- 5
- Payable Days
- 15
- 27
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 3.55x
- 2.14x
- Revenue Growth %
- 167.75%
- Operating Profit Growth %
- -22.79%
- Net Profit Growth %
- -7.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.79
- Book Value (₹)
- 12.52
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.06
- Operating Margin %
- 1.09%
- Net Margin %
- 0.48%
- ROE %
- 6.55%
- ROCE %
- 8.29%
- 3.17%
- Debtor Days
- 37
- Inventory Days
- 1
- Payable Days
- 13
- 24
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 3.53x
- 1.62x
- Revenue Growth %
- 71.16%
- Operating Profit Growth %
- 62.64%
- Net Profit Growth %
- 42.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.95
- Book Value (₹)
- 13.53
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.36
- Operating Margin %
- 1.63%
- Net Margin %
- 0.46%
- ROE %
- 7.32%
- ROCE %
- 11.64%
- 2.56%
- Debtor Days
- 48
- Inventory Days
- 1
- Payable Days
- 14
- 35
- Debt to Equity (x)
- 1.66x
- Interest Coverage (x)
- 1.95x
- 1.28x
- Revenue Growth %
- 25.80%
- Operating Profit Growth %
- 111.00%
- Net Profit Growth %
- 20.11%
- 20.11%
- P/E (x)
- 339.56x
- P/B (x)
- 23.94x
- Dividend Yield %
- 0.00%
- 91.67x
Mar 2025
- EPS (₹)
- 2.18
- Book Value (₹)
- 31.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.57
- Operating Margin %
- 1.83%
- Net Margin %
- 0.82%
- ROE %
- 9.86%
- ROCE %
- 9.40%
- 3.30%
- Debtor Days
- 59
- Inventory Days
- 1
- Payable Days
- 15
- 45
- Debt to Equity (x)
- 1.08x
- Interest Coverage (x)
- 2.16x
- 1.40x
- Revenue Growth %
- 35.98%
- Operating Profit Growth %
- 53.90%
- Net Profit Growth %
- 139.77%
- 128.30%
- P/E (x)
- 118.37x
- P/B (x)
- 8.24x
- Dividend Yield %
- 0.00%
- 52.27x
Documents
Announcements
- Disclosure of material issue
2026-08-14 - Race Eco Chain Limited has informed regarding Disclosure of material issue Relating to Investment in the Subsidiary
- Copy of Newspaper Publication
2026-08-13 - Race Eco Chain Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.