Nifty

:

24894.25

Sensex

:

81207.17

57.95 (0.23%)
223.86 (0.28%)

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Nifty
Sensex

:
:

24894.25
81207.17

57.95 (0.23%)
223.86 (0.28%)

Race Eco Chain Ltd.

Trading

Rating :

64/99

BSE: 537785 | NSE: RACE

Watchlist

NSE BSE

223.95

03-Oct-2025

Open
High
Low
Previous Close

223.07
235
223.07
225.99

Volume
Traded Value (lacs)
52 Week High
52 Week Low

13575
3056173.16
404.85
210

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

387.17
52.03
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

443.40
N/A
7.07

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

27.11
50.96
27.30

EBITDA CAGR (%)

10 Years
5 Years
3 Years

23.64
-
36.20

PAT CAGR (%)

10 Years
5 Years
3 Years

45.24
30.33
44.10

P:E (Median)

8 Years
5 Years
3 Years

113.95
113.95
113.95

P:BV (Average)

8 Years
5 Years
3 Years

13.06
13.06
13.06

EV:EBITDA (Average)

8 Years
5 Years
3 Years

60.91
60.91
60.91

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 98.81 86.17 14.67% 139.10 79.47 75.03% 128.74 69.40 85.50% 106.29 78.89 34.73%
Expenses 96.85 84.75 14.28% 136.41 78.44 73.90% 126.33 68.10 85.51% 104.43 77.61 34.56%
EBITDA 1.97 1.42 38.73% 2.69 1.03 161.17% 2.41 1.30 85.38% 1.86 1.27 46.46%
EBIDTM 1.99% 1.65% 1.93% 1.29% 1.87% 1.87% 1.75% 1.61%
Other Income 0.43 0.15 186.67% 0.53 0.44 20.45% 0.34 0.14 142.86% 4.39 0.06 7,216.67%
Interest 1.55 0.84 84.52% 1.48 0.75 97.33% 0.73 0.77 -5.19% 1.00 0.77 29.87%
Depreciation 0.16 0.16 0.00% 0.18 0.27 -33.33% 0.17 0.14 21.43% 0.17 0.13 30.77%
PBT 0.69 0.57 21.05% 1.56 0.45 246.67% 1.85 0.53 249.06% 5.08 0.43 1,081.40%
Tax 0.59 0.21 180.95% 0.29 0.21 38.10% 0.47 0.08 487.50% 1.03 0.13 692.31%
PAT 0.10 0.36 -72.22% 1.27 0.24 429.17% 1.38 0.45 206.67% 4.05 0.30 1,250.00%
PATM 0.10% 0.42% 0.91% 0.30% 1.07% 0.65% 3.81% 0.38%
EPS 0.06 0.21 -71.43% 0.73 0.14 421.43% 0.80 0.26 207.69% 2.34 0.17 1,276.47%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 156.73 86.44 81.32% 193.95 85.17 127.72% 168.42 72.68 131.73% 106.29 78.89 34.73%
Expenses 153.82 85.05 80.86% 190.53 84.13 126.47% 165.38 71.21 132.24% 104.43 77.72 34.37%
EBITDA 2.91 1.40 107.86% 3.41 1.04 227.88% 3.03 1.48 104.73% 1.86 1.17 58.97%
EBIDTM 1.86% 1.62% 1.76% 1.22% 1.80% 2.03% 1.75% 1.48%
Other Income 0.29 0.15 93.33% 0.38 0.61 -37.70% 0.28 0.15 86.67% 4.39 0.06 7,216.67%
Interest 1.65 0.93 77.42% 1.55 0.84 84.52% 0.75 0.77 -2.60% 1.01 0.77 31.17%
Depreciation 0.25 0.30 -16.67% 0.22 0.41 -46.34% 0.18 0.14 28.57% 0.17 0.13 30.77%
PBT 1.29 0.32 303.12% 2.02 0.40 405.00% 2.38 0.72 230.56% 5.06 0.32 1,481.25%
Tax 0.94 0.21 347.62% 0.49 0.28 75.00% 0.61 0.13 369.23% 1.03 0.11 836.36%
PAT 0.36 0.10 260.00% 1.53 0.12 1,175.00% 1.77 0.59 200.00% 4.03 0.22 1,731.82%
PATM 0.23% 0.12% 0.79% 0.14% 1.05% 0.81% 3.80% 0.28%
EPS 0.20 0.06 233.33% 0.86 0.07 1,128.57% 0.92 0.36 155.56% 2.34 0.13 1,700.00%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 472.94 460.30 338.50 269.08 157.21 58.72 15.83 50.19 55.24 35.09 41.81 Net Sales Growth 50.65% 35.98% 25.80% 71.16% 167.73% 270.94% -68.46% -9.14% 57.42% -16.07% Cost Of Goods Sold 458.76 446.43 326.44 260.81 152.47 55.47 14.79 48.26 52.68 33.14 39.90 Gross Profit 14.18 13.87 12.06 8.27 4.74 3.25 1.04 1.93 2.57 1.95 1.91 GP Margin 3.00% 3.01% 3.56% 3.07% 3.02% 5.53% 6.57% 3.85% 4.65% 5.56% 4.57% Total Expenditure 464.02 451.87 332.97 267.00 157.03 58.88 16.19 50.35 54.41 34.24 40.80 Power & Fuel Cost - 0.27 0.30 0.26 0.11 0.09 0.07 0.06 0.04 0.09 0.09 % Of Sales - 0.06% 0.09% 0.10% 0.07% 0.15% 0.44% 0.12% 0.07% 0.26% 0.22% Employee Cost - 2.41 1.96 2.20 1.63 1.00 0.71 0.77 0.80 0.56 0.36 % Of Sales - 0.52% 0.58% 0.82% 1.04% 1.70% 4.49% 1.53% 1.45% 1.60% 0.86% Manufacturing Exp. - 0.79 2.37 1.95 1.11 0.02 0.00 0.00 0.00 0.04 0.04 % Of Sales - 0.17% 0.70% 0.72% 0.71% 0.03% 0% 0% 0% 0.11% 0.10% General & Admin Exp. - 1.40 1.52 1.57 1.06 0.64 0.55 0.69 0.55 0.34 0.26 % Of Sales - 0.30% 0.45% 0.58% 0.67% 1.09% 3.47% 1.37% 1.00% 0.97% 0.62% Selling & Distn. Exp. - 0.53 0.13 0.10 0.36 0.90 0.03 0.28 0.34 0.07 0.10 % Of Sales - 0.12% 0.04% 0.04% 0.23% 1.53% 0.19% 0.56% 0.62% 0.20% 0.24% Miscellaneous Exp. - 0.03 0.25 0.11 0.27 0.76 0.04 0.29 0.00 0.00 0.10 % Of Sales - 0.01% 0.07% 0.04% 0.17% 1.29% 0.25% 0.58% 0% 0% 0.12% EBITDA 8.93 8.43 5.53 2.08 0.18 -0.16 -0.36 -0.16 0.83 0.85 1.01 EBITDA Margin 1.89% 1.83% 1.63% 0.77% 0.11% -0.27% -2.27% -0.32% 1.50% 2.42% 2.42% Other Income 5.69 1.11 0.67 0.85 1.62 2.50 1.41 1.18 0.27 0.08 0.07 Interest 4.76 4.10 2.84 0.71 0.42 0.63 0.73 0.57 0.62 0.54 0.69 Depreciation 0.68 0.68 0.66 0.44 0.33 0.23 0.30 0.38 0.44 0.22 0.26 PBT 9.18 4.76 2.70 1.79 1.06 1.47 0.02 0.07 0.05 0.17 0.13 Tax 2.38 1.01 1.13 0.48 0.14 0.48 -0.02 0.02 -0.03 0.05 0.04 Tax Rate 25.93% 21.22% 41.85% 26.82% 13.21% 32.65% -100.00% 28.57% -60.00% 29.41% 30.77% PAT 6.80 3.76 1.57 1.30 0.92 1.00 0.04 0.05 0.08 0.12 0.09 PAT before Minority Interest 6.80 3.76 1.57 1.30 0.92 1.00 0.04 0.05 0.08 0.12 0.09 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 1.44% 0.82% 0.46% 0.48% 0.59% 1.70% 0.25% 0.10% 0.14% 0.34% 0.22% PAT Growth 403.70% 139.49% 20.77% 41.30% -8.00% 2,400.00% -20.00% -37.50% -33.33% 33.33% EPS 3.93 2.17 0.91 0.75 0.53 0.58 0.02 0.03 0.05 0.07 0.05

Description TTM Mar 25 Mar 24 Mar 23
Net Sales 625.39 555.10 347.48 269.08 Net Sales Growth 93.51% 59.75% 29.14% Cost Of Goods Sold 607.31 538.97 334.89 260.81 Gross Profit 18.08 16.13 12.59 8.27 GP Margin 2.89% 2.91% 3.62% 3.07% Total Expenditure 614.16 545.35 341.71 267.00 Power & Fuel Cost - 0.29 0.30 0.26 % Of Sales - 0.05% 0.09% 0.10% Employee Cost - 2.72 1.96 2.20 % Of Sales - 0.49% 0.56% 0.82% Manufacturing Exp. - 0.84 2.38 1.95 % Of Sales - 0.15% 0.68% 0.72% General & Admin Exp. - 1.77 1.57 1.57 % Of Sales - 0.32% 0.45% 0.58% Selling & Distn. Exp. - 0.57 0.25 0.10 % Of Sales - 0.10% 0.07% 0.04% Miscellaneous Exp. - 0.19 0.36 0.11 % Of Sales - 0.03% 0.10% 0.04% EBITDA 11.21 9.75 5.77 2.08 EBITDA Margin 1.79% 1.76% 1.66% 0.77% Other Income 5.34 0.90 0.70 0.85 Interest 4.96 4.29 2.94 0.71 Depreciation 0.82 0.87 0.80 0.44 PBT 10.75 5.48 2.73 1.79 Tax 3.07 1.35 1.18 0.48 Tax Rate 28.56% 24.64% 43.22% 26.82% PAT 7.69 3.89 1.55 1.30 PAT before Minority Interest 7.32 4.19 1.55 1.30 Minority Interest -0.37 -0.30 0.00 0.00 PAT Margin 1.23% 0.70% 0.45% 0.48% PAT Growth 646.60% 150.97% 19.23% EPS 4.45 2.25 0.90 0.75

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 71.20 22.23 20.57 19.27 18.11 17.12 17.08 17.03 16.95 16.83 Share Capital 17.26 16.43 16.43 16.43 16.43 16.43 16.43 16.43 16.43 16.43 Total Reserves 36.74 5.80 4.14 2.83 1.68 0.69 0.65 0.60 0.52 0.39 Non-Current Liabilities -0.27 0.14 0.10 0.09 0.20 0.21 0.19 0.24 0.09 0.09 Secured Loans 0.00 0.00 0.20 0.00 0.05 0.05 0.09 0.14 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 0.15 0.10 0.15 0.10 0.28 0.28 0.16 0.11 0.00 0.00 Current Liabilities 83.53 50.91 28.26 14.11 13.73 9.44 17.91 21.41 7.05 14.08 Trade Payables 23.24 12.87 11.72 7.51 5.27 1.06 9.43 13.24 0.38 9.61 Other Current Liabilities 0.56 0.32 0.59 1.54 1.23 1.59 1.61 3.87 1.05 0.10 Short Term Borrowings 58.45 36.84 15.24 4.87 6.62 6.69 6.80 4.24 5.57 4.32 Short Term Provisions 1.28 0.88 0.72 0.19 0.61 0.10 0.07 0.07 0.05 0.04 Total Liabilities 154.46 73.28 48.93 33.47 32.04 26.77 35.18 38.68 24.09 31.00 Net Block 2.59 2.79 2.91 2.64 1.07 1.61 1.77 2.08 2.44 2.12 Gross Block 6.19 5.72 5.21 4.50 2.60 3.87 1.77 3.66 3.58 3.05 Accumulated Depreciation 3.61 2.93 2.30 1.86 1.53 2.25 0.00 1.58 1.15 0.93 Non Current Assets 37.87 8.26 3.03 3.30 1.19 10.42 11.95 7.89 2.48 2.19 Capital Work in Progress 0.01 0.00 0.00 0.00 0.10 0.00 0.04 0.00 0.00 0.00 Non Current Investment 21.48 5.20 0.00 0.00 0.00 0.15 0.15 0.00 0.00 0.00 Long Term Loans & Adv. 0.11 0.11 0.11 0.04 0.01 8.66 9.98 5.81 0.04 0.06 Other Non Current Assets 13.69 0.16 0.01 0.62 0.01 0.00 0.00 0.00 0.00 0.00 Current Assets 116.59 65.02 45.90 30.17 30.87 16.35 23.23 30.79 21.61 28.80 Current Investments 0.00 0.00 0.00 0.00 0.00 5.40 4.19 0.26 0.18 0.18 Inventories 1.09 0.83 0.62 0.29 4.44 3.79 6.75 10.43 0.52 10.90 Sundry Debtors 95.10 53.22 36.65 17.21 14.57 6.31 9.90 15.42 18.47 15.90 Cash & Bank 4.34 0.40 3.10 1.10 4.13 0.18 0.32 0.14 0.05 0.01 Other Current Assets 16.07 0.02 0.03 0.32 7.73 0.66 2.07 4.54 2.39 1.82 Short Term Loans & Adv. 16.03 10.54 5.52 11.25 6.58 0.55 1.99 4.12 2.32 0.00 Net Current Assets 33.06 14.11 17.65 16.06 17.13 6.91 5.33 9.38 14.56 14.73 Total Assets 154.46 73.28 48.93 33.47 32.06 26.77 35.18 38.68 24.09 30.99

Description Mar 25 Mar 24 Mar 23
Shareholder's Funds 71.57 22.21 20.57 Share Capital 17.26 16.43 16.43 Total Reserves 37.11 5.78 4.14 Non-Current Liabilities -0.30 5.36 0.10 Secured Loans 0.00 0.00 0.20 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 0.15 0.10 0.15 Current Liabilities 104.17 55.36 28.26 Trade Payables 35.98 16.76 11.72 Other Current Liabilities 5.02 0.57 0.59 Short Term Borrowings 61.50 37.08 15.24 Short Term Provisions 1.66 0.95 0.72 Total Liabilities 181.80 82.96 48.93 Net Block 10.42 8.22 2.91 Gross Block 14.38 11.59 5.21 Accumulated Depreciation 3.96 3.37 2.30 Non Current Assets 40.79 12.62 3.03 Capital Work in Progress 0.52 2.63 0.00 Non Current Investment 14.33 1.41 0.00 Long Term Loans & Adv. 1.82 0.20 0.11 Other Non Current Assets 13.69 0.16 0.01 Current Assets 141.02 70.34 45.90 Current Investments 0.00 0.00 0.00 Inventories 1.24 0.96 0.62 Sundry Debtors 119.41 55.11 36.65 Cash & Bank 5.27 0.44 3.10 Other Current Assets 15.10 0.02 0.03 Short Term Loans & Adv. 15.06 13.82 5.52 Net Current Assets 36.85 14.98 17.65 Total Assets 181.81 82.96 48.93

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity -28.32 -10.09 -14.59 4.86 -5.10 -3.99 6.58 7.61 -0.16 1.81 PBT 4.76 2.70 1.79 1.06 1.47 0.04 0.05 0.08 0.12 0.13 Adjustment 3.74 3.11 1.19 -0.42 -0.37 -3.74 0.87 0.88 0.76 0.96 Changes in Working Capital -36.03 -15.90 -17.57 4.81 -6.20 -0.29 5.73 6.62 -1.04 0.77 Cash after chg. in Working capital -27.53 -10.09 -14.59 5.45 -5.10 -3.99 6.65 7.59 -0.16 1.86 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -0.79 0.00 0.00 -0.59 0.00 0.00 -0.06 0.02 0.00 -0.04 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -28.24 -11.10 6.65 -5.76 9.76 4.73 -8.34 -5.86 -0.51 0.25 Net Fixed Assets -0.48 -0.51 -0.71 -1.80 1.17 -2.06 1.85 -0.08 -0.53 0.22 Net Investments -16.28 -5.20 0.00 0.00 5.55 -1.21 -4.08 -0.08 0.00 0.00 Others -11.48 -5.39 7.36 -3.96 3.04 8.00 -6.11 -5.70 0.02 0.03 Cash from Financing Activity 60.49 18.49 9.94 -1.99 -0.71 -0.87 1.94 -1.66 0.71 -2.07 Net Cash Inflow / Outflow 3.94 -2.69 2.00 -2.88 3.95 -0.14 0.18 0.09 0.05 0.00 Opening Cash & Equivalents 0.40 3.10 1.10 4.12 0.18 0.32 0.14 0.05 0.01 0.01 Closing Cash & Equivalent 4.34 0.40 3.10 1.24 4.14 0.18 0.32 0.14 0.05 0.01

Description Mar 25 Mar 24 Mar 23
Cash From Operating Activity -42.65 -8.53 -14.59 PBT 5.48 2.73 1.79 Adjustment 4.52 3.32 1.19 Changes in Working Capital -51.81 -14.58 -17.57 Cash after chg. in Working capital -41.81 -8.53 -14.59 Interest Paid 0.00 0.00 0.00 Tax Paid -0.84 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -15.04 -18.21 6.65 Net Fixed Assets -0.48 -0.51 Net Investments -16.28 -5.20 Others 1.72 -12.50 Cash from Financing Activity 62.51 24.07 9.94 Net Cash Inflow / Outflow 4.83 -2.66 2.00 Opening Cash & Equivalents 0.44 3.10 1.10 Closing Cash & Equivalent 5.27 0.44 3.10

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 31.29 13.53 12.52 11.72 11.02 10.42 10.40 10.36 10.32 10.24 ROA 3.30% 2.56% 3.17% 2.80% 3.39% 0.12% 0.14% 0.26% 0.45% 0.32% ROE 9.86% 7.32% 6.55% 4.91% 5.66% 0.22% 0.30% 0.47% 0.73% 0.54% ROCE 9.40% 11.64% 8.29% 6.04% 8.66% 3.10% 2.82% 3.04% 3.27% 3.72% Fixed Asset Turnover 77.24 61.93 55.44 44.31 18.17 5.62 18.50 15.27 10.58 13.23 Receivable days 58.81 48.45 36.53 36.90 64.91 186.99 92.10 111.99 178.76 110.37 Inventory Days 0.76 0.78 0.62 5.49 25.57 121.48 62.44 36.16 59.38 63.07 Payable days 14.76 13.75 13.45 15.29 20.81 147.62 89.39 38.62 76.35 42.16 Cash Conversion Cycle 44.80 35.49 23.69 27.09 69.66 160.84 65.15 109.52 161.79 131.27 Total Debt/Equity 1.08 1.66 0.75 0.25 0.37 0.40 0.41 0.27 0.33 0.26 Interest Cover 2.16 1.95 3.53 3.55 3.32 1.02 1.12 1.08 1.32 1.18

Description Mar 25 Mar 24 Mar 23
Book Value (Rs.) 31.51 13.52 12.52 ROA 3.17% 2.35% 2.67% ROE 10.96% 7.23% 6.34% ROCE 10.23% 11.88% 6.92% Fixed Asset Turnover 42.75 41.38 51.68 Receivable days 57.37 48.19 49.71 Inventory Days 0.72 0.83 0.83 Payable days 17.86 15.52 16.40 Cash Conversion Cycle 40.24 33.50 34.15 Total Debt/Equity 1.13 1.67 0.75 Interest Cover 2.29 1.93 3.53

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Annual Reports:

News Update:

Race Eco Chain - Quarterly Results
12th Aug 2025, 16:55 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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