Race Eco Chain Limited

Web: raceecochain.com NSE: RACE BSE: 537785 SECTOR: Utilities - Other Utilities | Add Note | View Notes

100 1(-1%)

Volume

7k as on 23, Jun

Open

350

High

362

Low

349

101

VWAP

113

52 Week High

252

52 Week Low

Viand Research Rating

Quality Score

64/100

Growth Score

90/100

Valuation Score

50/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

172

No. of Shares

1.73

P/E

123.8

P/B

28.4

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

22.94

ROCE

Profit Growth

Listing Date

09-May-23

Promoter Holding

44.79%

FII Holding

0.01%

DII Holding

0.58%

Price Chart

Price Performance

1 Week3%

1 Month7%

3 Months12%

6 Months12%

1 Year12%

YTD12%

Moving Average

5 Day SMA111

10 Day SMA110

20 Day SMA111

30 Day SMA115

50 Day SMA0

61 Day SMA0

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	119	114	116	118
Resistance 2	116	114	115	116
Resistance 1	115	114	114	113
Pivot Point	112	113	112	111
Support 1	110	113	110	109
Support 2	108	112	109	107
Support 3	106	112	108	104

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	WABAG	12,522	2004	19%	46%	74%	74%	0	0	0.09	370
2	INOXGREEN	6,805	170	1%	10%	35%	35%	0	0	0.05	103
3	IONEXCHANG	5,913	403	9%	1%	15%	15%	0	0	0.36	143
4	EIEL	3,511	200	11%	9%	46%	46%	0	0	0	0
5	EMSLIMITED	2,119	382	43%	37%	72%	72%	0	0	0.15	91
6	AWHCL	1,050	370	5%	3%	1%	1%	0	0	0.62	92
7	ECORECO	896	464	0	0	0	0	0	0	0.05	23
8	JITFINFRA	783	305	6%	0%	13%	29%	0	0	-7.69	-10
9	VVIPIL	597	225	0	0	0	0	0	0	0.83	43
10	CEWATER	542	262	23%	37%	55%	55%	0	0	0.29	20
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Oct 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%	(0.01) 44.79%
FIIs	(-0.71) 0.01%	(0.01) 0.71%	(0.01) 0.71%	(0.71) 0.72%	(0.01) 0.00%	(0.01) 0.01%	(-0.11) 0.00%	(0.01) 0.07%	(-0.11) 0.10%	(0.11) 0.17%	(0.01) 0.03%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%
DIIs	(0.01) 0.58%	(0.01) 0.58%	(0.01) 0.58%	(0.01) 0.58%	(0.01) 0.58%	(0.01) 0.58%	(0.01) 0.58%	(0.01) 0.58%	(0.61) 0.58%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(-1.81) 0.00%	(0.01) 1.83%	(0.01) 1.83%	(-1.41) 1.83%	(0.01) 3.26%
Public	54.62%	53.93%	53.92%	53.89%	54.63%	54.61%	54.63%	54.56%	54.51%	55.04%	55.18%	55.20%	55.20%	55.21%	55.22%	55.21%	55.22%	53.38%	53.38%	53.38%	51.95%
No. of Shareholders	6,783	6,796	6,963	7,035	7,026	6,842	6,651	6,340	6,246	4,247	4,144	3,650	1,873	1,412	754	714	592	574	571	548	520

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022
Sales	191.06	182.48	131.12	148.43	156.73	193.95	168.42	106.29	86.44	85.17	72.68	78.88	110.74	92.32	84.81	49.18
Sales Growth % (YoY)	21.9%	-5.9%	-22.2%	39.6%	81.3%	127.7%	131.7%	34.8%	-21.9%	-7.7%	-14.3%	60.4%	-	-	-	-
Sales Growth % (QoQ)	4.7%	39.2%	-11.7%	-5.3%	-19.2%	15.2%	58.5%	23%	1.5%	17.2%	-7.9%	-28.8%	20%	8.9%	72.4%	-
Expenses	187.48	178.2	127.77	144.76	153.82	190.54	165.39	104.44	85.04	84.13	71.2	77.71	108.81	91.48	84.22	48.84
Operating Profit	3.58	4.28	3.35	3.67	2.91	3.41	3.03	1.85	1.4	1.04	1.48	1.17	1.93	0.84	0.59	0.34
OPM %	1.87	2.35	2.55	2.47	1.86	1.76	1.8	1.74	1.62	1.22	2.04	1.48	1.74	0.91	0.7	0.69
Other Income	1.04	1.15	1.77	1.7	0.35	0.44	0.28	0.1	0.15	0.61	0.15	0.06	0.03	0.19	0.15	0.3
Interest	2.47	2.51	2.06	1.98	1.65	1.55	0.75	1.01	0.93	0.84	0.77	0.77	0.55	0.26	0.12	0.19
Depreciation	0.76	0.51	0.51	0.52	0.25	0.22	0.18	0.17	0.3	0.41	0.14	0.13	0.12	0.13	0.11	0.1
Profit before tax	1.39	2.41	2.55	2.87	1.36	2.08	2.38	0.77	0.32	0.4	0.72	0.33	1.29	0.64	0.51	0.35
Tax %	25.9	18.67	23.14	-3.14	69.12	23.56	25.63	5.19	68.75	70	18.06	33.33	29.46	31.25	29.41	20
Net Profit	1.03	1.96	1.95	2.97	0.42	1.59	1.77	0.73	0.11	0.11	0.59	0.22	0.91	0.44	0.36	0.28
Net Profit Growth % (QoQ)	-47.4%	0.5%	-34.3%	607.1%	-73.6%	-10.2%	142.5%	563.6%	-	-81.4%	168.2%	-75.8%	106.8%	22.2%	28.6%	-
Net Profit Growth % (YoY)	145.2%	23.3%	10.2%	306.8%	281.8%	1345.5%	200%	231.8%	-87.9%	-75%	63.9%	-21.4%	-	-	-	-
TTM Net Profit	7.91	7.3	6.93	6.75	4.51	4.2	2.72	1.54	1.03	1.83	2.16	1.93	1.99	1.08	0.64	0
EPS in Rs	0.64	1.08	1.02	1.62	0.2	0.86	0.92	0.42	0.07	0.07	0.36	0.13	0.55	0.27	0.22	0.17

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Sales	619	555	347	269
Sales Growth %	11.5%	59.7%	29.1%	-
Expenses	605	545	342	267
Operating Profit	14	10	6	2
OPM %	2.3	1.8	1.7	0.8
Other Income	5	1	1	1
Interest	8	4	3	1
Depreciation	2	1	1	0
Profit before tax	9	6	3	2
Tax %	21	24	43	27
Net Profit	7	4	2	1
Net Profit Growth %	75%	100%	100%	-
EPS in Rs	3.92	2.25	0.94	0.79
Dividend Payout %	0	0	0	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Cash from Operating Activity	19	-43	-9	-15
Cash from Investing Activity	-29	-14	-18	7
Cash from Financing Activity	20	61	24	10
Net Cash Flow	10	5	-3	2

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023
Equity Capital	17	17	17	17	16	16
Reserves	57	56	54	56	6	4
Borrowings	90	71	62	22	43	16
Other Liabilities	51	58	49	14	18	13
Total Liabilities	216	202	182	109	83	49
Fixed Assets	17	13	10	3	3	3
CWIP	5	3	1	0	8	0
Investments	12	13	14	16	1	0
Other Assets	182	173	157	90	71	46
Total Assets	216	202	182	109	83	49

Delivery

Delivery Data: RACE

#	Date	98 17% 114	Value (Cr)	Q/T 448	Del 67	Del 0
1	4-Sep	99	1	372	96	1
2	3-Sep	101	1	883	98	1
3	2-Sep	100	0	146	92	0
4	1-Sep	100	0	150	76	0
5	31-Aug	101	0	14	91	0
6	28-Aug	101	0	81	89	0
7	27-Aug	102	0	40	78	0
8	26-Aug	101	0	47	86	0
9	25-Aug	100	0	29	82	0
10	24-Aug	101	0	45	70	0
11	21-Aug	103	0	22	70	0
12	20-Aug	102	1	88	36	0
13	19-Aug	100	0	24	77	0
14	18-Aug	104	0	32	78	0
15	17-Aug	103	0	55	74	0
16	14-Aug	100	0	198	96	0
17	13-Aug	100	0	41	76	0
18	12-Aug	102	0	56	87	0
19	11-Aug	108	0	34	68	0
20	10-Aug	108	0	23	56	0
21	7-Aug	109	0	44	84	0
22	6-Aug	104	0	20	87	0
23	5-Aug	105	0	65	71	0
24	4-Aug	111	0	43	76	0
25	3-Aug	112	0	101	84	0
26	31-Jul	109	0	89	89	0
27	30-Jul	110	0	212	96	0
28	29-Jul	108	0	14	60	0
29	28-Jul	108	0	45	82	0
30	27-Jul	109	0	251	95	0
31	24-Jul	109	0	13	54	0
32	23-Jul	108	0	35	76	0
33	22-Jul	110	0	28	85	0
34	21-Jul	108	0	37	64	0
35	20-Jul	110	0	71	79	0
36	17-Jul	110	0	95	97	0
37	16-Jul	108	0	58	93	0
38	15-Jul	112	0	25	93	0
39	14-Jul	112	0	18	49	0
40	13-Jul	110	0	168	93	0

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	172c	1c	0.62
03-Sep	171c	0	0

Stock Checklist

Price is above from 52 week high low average: 9%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

No mutual fund holding data available.

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