Race Eco Chain Limited

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

112 8(-7%)

Volume

12k as on 18, Sep

Open

350

High

362

Low

349

119

VWAP

52 Week High

235

52 Week Low

Viand Research Rating

Quality Score

64/100

Growth Score

90/100

Valuation Score

50/100

Momentum Score

25/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

193

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

Rank/Sector Rank

#2629/#18

Promoter Holding

44.79%

FII Holding

0.01%

DII Holding

0.58%

Price Chart

Price Performance

1 Week1%

1 Month7%

3 Months12%

6 Months9%

1 Year15%

YTD15%

Moving Average

5 Day SMA97

10 Day SMA97

20 Day SMA99

30 Day SMA101

50 Day SMA104

61 Day SMA105

80 Day SMA108

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	106	98	103	105
Resistance 2	103	98	101	103
Resistance 1	100	97	99	100
Pivot Point	97	97	97	97
Support 1	94	96	95	94
Support 2	91	96	94	91
Support 3	88	95	91	88

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	WABAG	11,128	1780	19%	46%	74%	74%	0	0	0.09	370
2	IONEXCHANG	5,143	351	9%	1%	15%	15%	0	0	0.29	138
3	INOXGREEN	4,865	116	1%	10%	35%	35%	0	0	0.02	52
4	EIEL	3,093	176	11%	9%	46%	46%	0	0	0.15	171
5	EMSLIMITED	1,681	303	43%	37%	72%	72%	0	0	0.15	91
6	AWHCL	875	308	5%	3%	1%	1%	0	0	0.7	11
7	ECORECO	772	400	1%	8%	10%	10%	0	0	0.04	24
8	JITFINFRA	654	255	6%	0%	13%	29%	0	0	-7.69	-10
9	VVIPIL	597	225	0	0	0	0	0	0	0.83	43
10	CEWATER	500	241	2%	2%	4%	16%	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	90 60% 144	Value (Cr)	Q/T 449	Del 60	Del 3
1	21-Oct	110	1	48	50	0
2	19-Oct	119	0	50	61	0
3	16-Oct	119	6	52	31	2
4	15-Oct	128	2	55	44	1
5	14-Oct	107	1	223	85	1
6	13-Oct	107	0	48	55	0
7	12-Oct	102	0	29	60	0
8	9-Oct	103	0	45	34	0
9	8-Oct	101	0	56	54	0
10	7-Oct	104	1	108	63	1
11	6-Oct	109	0	42	36	0
12	5-Oct	109	0	33	50	0
13	1-Oct	113	1	84	36	0
14	30-Sep	118	0	54	54	0
15	29-Sep	120	1	68	45	0
16	28-Sep	122	1	55	30	0
17	25-Sep	118	2	64	27	0
18	24-Sep	116	1	43	27	0
19	23-Sep	123	9	85	42	4
20	22-Sep	120	7	460	78	6
21	21-Sep	100	1	258	25	0
22	18-Sep	97	0	169	50	0
23	17-Sep	97	1	172	24	0
24	16-Sep	97	0	109	22	0
25	15-Sep	96	0	15	66	0
26	11-Sep	98	0	37	89	0
27	10-Sep	96	0	20	68	0
28	9-Sep	96	0	19	89	0
29	8-Sep	98	0	45	69	0
30	7-Sep	100	0	54	69	0
31	4-Sep	99	1	372	96	1
32	3-Sep	101	1	883	98	1
33	2-Sep	100	0	146	92	0
34	1-Sep	100	0	150	76	0
35	31-Aug	101	0	14	91	0
36	28-Aug	101	0	81	89	0
37	27-Aug	102	0	40	78	0
38	26-Aug	101	0	47	86	0
39	25-Aug	100	0	29	82	0
40	24-Aug	101	0	45	70	0
41	21-Aug	103	0	22	70	0
42	20-Aug	102	1	88	36	0
43	19-Aug	100	0	24	77	0
44	18-Aug	104	0	32	78	0
45	17-Aug	103	0	55	74	0
46	14-Aug	100	0	198	96	0
47	13-Aug	100	0	41	76	0
48	12-Aug	102	0	56	87	0

Daily Market Cap

Date	Total Market Cap	Change	Chg %
21-Oct	193c	13c	6.31
19-Oct	206c	2c	0.74
17-Oct	207c	0	0
16-Oct	207c	15c	6.55
15-Oct	222c	36c	19.20
14-Oct	186c	47L	0.25
13-Oct	186c	10c	5.73
12-Oct	176c	7L	0.04
09-Oct	176c	1c	0.58
08-Oct	175c	12c	6.40
06-Oct	187c	11c	5.43
05-Oct	198c	7c	3.55
01-Oct	205c	6c	2.65
29-Sep	211c	2c	0.86
28-Sep	209c	12c	6.23
25-Sep	197c	10c	5.00
24-Sep	207c	21L	0.10
22-Sep	207c	39c	23.33
17-Sep	168c	74L	0.44
10-Sep	167c	7c	3.84
07-Sep	174c	2c	1.05
04-Sep	172c	0	0

Stock Checklist

Price is above from 52 week high low average: 18%

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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