Nifty

:

23140.50

Sensex

:

73895.74

77.40 (0.34%)
315.20 (0.43%)

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Nifty
Sensex

:
:

23140.50
73895.74

77.40 (0.34%)
315.20 (0.43%)

Race Eco Chain Ltd.

Trading

Rating :

55/99

BSE: 537785 | NSE: RACE

Watchlist

NSE BSE

117.90

25-Sep-2026

Open
High
Low
Previous Close

117.5
124.98
112
115.98

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

136785
15959785.99
240
84.11

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

203.38
27.03
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

277.75
N/A
3.52

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

26.96
19.42
21.21

EBITDA CAGR (%)

10 Years
5 Years
3 Years

27.76
122.66
19.79

PAT CAGR (%)

10 Years
5 Years
3 Years

34.36
20.11
63.38

P:E (Median)

8 Years
5 Years
3 Years

71.72
71.72
71.72

P:BV (Average)

8 Years
5 Years
3 Years

9.18
9.18
9.18

EV:EBITDA (Average)

8 Years
5 Years
3 Years

43.86
43.86
43.86

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 93.17 98.81 -5.71% 108.25 139.10 -22.18% 78.65 128.74 -38.91% 96.11 106.29 -9.58%
Expenses 90.90 96.85 -6.14% 105.19 136.41 -22.89% 76.35 126.33 -39.56% 93.59 104.43 -10.38%
EBITDA 2.28 1.97 15.74% 3.06 2.69 13.75% 2.30 2.41 -4.56% 2.51 1.86 34.95%
EBIDTM 2.45% 1.99% 2.83% 1.93% 2.93% 1.87% 2.61% 1.75%
Other Income 1.04 0.43 141.86% 0.81 0.53 52.83% 0.63 0.34 85.29% 0.55 0.10 450.00%
Interest 2.11 1.55 36.13% 2.26 1.48 52.70% 1.92 0.73 163.01% 1.87 1.00 87.00%
Depreciation 0.43 0.16 168.75% 0.30 0.18 66.67% 0.34 0.17 100.00% 0.30 0.17 76.47%
PBT 0.78 0.69 13.04% 1.32 1.56 -15.38% 0.66 1.85 -64.32% 0.90 0.79 13.92%
Tax 0.17 0.59 -71.19% 0.50 0.29 72.41% 0.44 0.47 -6.38% -0.26 1.03 -
PAT 0.61 0.10 510.00% 0.81 1.27 -36.22% 0.23 1.38 -83.33% 1.15 -0.25 -
PATM 0.65% 0.10% 0.75% 0.91% 0.29% 1.07% 1.20% -0.23%
EPS 0.35 0.06 483.33% 0.47 0.73 -35.62% 0.13 0.80 -83.75% 0.67 -0.14 -

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 191.06 156.73 21.90% 182.48 193.95 -5.91% 131.12 168.42 -22.15% 148.43 106.29 39.65%
Expenses 187.48 153.82 21.88% 178.20 190.53 -6.47% 127.78 165.38 -22.74% 144.76 104.43 38.62%
EBITDA 3.58 2.91 23.02% 4.28 3.41 25.51% 3.35 3.03 10.56% 3.67 1.86 97.31%
EBIDTM 1.87% 1.86% 2.34% 1.76% 2.55% 1.80% 2.47% 1.75%
Other Income 0.82 0.29 182.76% 0.53 0.38 39.47% 0.46 0.28 64.29% 0.38 0.10 280.00%
Interest 2.47 1.65 49.70% 2.51 1.55 61.94% 2.06 0.75 174.67% 1.98 1.01 96.04%
Depreciation 0.76 0.25 204.00% 0.51 0.22 131.82% 0.52 0.18 188.89% 0.52 0.17 205.88%
PBT 1.18 1.29 -8.53% 1.79 2.02 -11.39% 1.23 2.38 -48.32% 1.55 0.77 101.30%
Tax 0.36 0.94 -61.70% 0.45 0.49 -8.16% 0.59 0.61 -3.28% -0.10 1.03 -
PAT 0.82 0.36 127.78% 1.33 1.53 -13.07% 0.64 1.77 -63.84% 1.65 -0.26 -
PATM 0.43% 0.23% 0.73% 0.79% 0.49% 1.05% 1.11% -0.25%
EPS 0.64 0.20 220.00% 1.08 0.86 25.58% 1.02 0.92 10.87% 1.62 -0.15 -

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 376.18 381.82 460.30 338.50 269.08 157.21 58.72 15.83 50.19 55.24 35.09 Net Sales Growth -20.46% -17.05% 35.98% 25.80% 71.16% 167.73% 270.94% -68.46% -9.14% 57.42% Cost Of Goods Sold 360.77 366.87 446.43 326.44 260.81 152.47 55.47 14.79 48.26 52.68 33.14 Gross Profit 15.41 14.96 13.87 12.06 8.27 4.74 3.25 1.04 1.93 2.57 1.95 GP Margin 4.10% 3.92% 3.01% 3.56% 3.07% 3.02% 5.53% 6.57% 3.85% 4.65% 5.56% Total Expenditure 366.03 371.97 451.87 332.97 267.00 157.03 58.88 16.19 50.35 54.41 34.24 Power & Fuel Cost - 0.31 0.27 0.30 0.26 0.11 0.09 0.07 0.06 0.04 0.09 % Of Sales - 0.08% 0.06% 0.09% 0.10% 0.07% 0.15% 0.44% 0.12% 0.07% 0.26% Employee Cost - 2.47 2.41 1.96 2.20 1.63 1.00 0.71 0.77 0.80 0.56 % Of Sales - 0.65% 0.52% 0.58% 0.82% 1.04% 1.70% 4.49% 1.53% 1.45% 1.60% Manufacturing Exp. - 0.04 0.79 2.37 1.95 1.11 0.02 0.00 0.00 0.00 0.04 % Of Sales - 0.01% 0.17% 0.70% 0.72% 0.71% 0.03% 0% 0% 0% 0.11% General & Admin Exp. - 1.73 1.40 1.52 1.57 1.06 0.64 0.55 0.69 0.55 0.34 % Of Sales - 0.45% 0.30% 0.45% 0.58% 0.67% 1.09% 3.47% 1.37% 1.00% 0.97% Selling & Distn. Exp. - 0.53 0.53 0.13 0.10 0.36 0.90 0.03 0.28 0.34 0.07 % Of Sales - 0.14% 0.12% 0.04% 0.04% 0.23% 1.53% 0.19% 0.56% 0.62% 0.20% Miscellaneous Exp. - 0.03 0.03 0.25 0.11 0.27 0.76 0.04 0.29 0.00 0.07 % Of Sales - 0.01% 0.01% 0.07% 0.04% 0.17% 1.29% 0.25% 0.58% 0% 0% EBITDA 10.15 9.85 8.43 5.53 2.08 0.18 -0.16 -0.36 -0.16 0.83 0.85 EBITDA Margin 2.70% 2.58% 1.83% 1.63% 0.77% 0.11% -0.27% -2.27% -0.32% 1.50% 2.42% Other Income 3.03 2.42 1.11 0.67 0.85 1.62 2.50 1.41 1.18 0.27 0.08 Interest 8.16 7.61 4.10 2.84 0.71 0.42 0.63 0.73 0.57 0.62 0.54 Depreciation 1.37 1.10 0.68 0.66 0.44 0.33 0.23 0.30 0.38 0.44 0.22 PBT 3.66 3.57 4.76 2.70 1.79 1.06 1.47 0.02 0.07 0.05 0.17 Tax 0.85 1.27 1.01 1.13 0.48 0.14 0.48 -0.02 0.02 -0.03 0.05 Tax Rate 23.22% 35.57% 21.22% 41.85% 26.82% 13.21% 32.65% -100.00% 28.57% -60.00% 29.41% PAT 2.80 2.30 3.76 1.57 1.30 0.92 1.00 0.04 0.05 0.08 0.12 PAT before Minority Interest 2.80 2.30 3.76 1.57 1.30 0.92 1.00 0.04 0.05 0.08 0.12 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 0.74% 0.60% 0.82% 0.46% 0.48% 0.59% 1.70% 0.25% 0.10% 0.14% 0.34% PAT Growth 12.00% -38.83% 139.49% 20.77% 41.30% -8.00% 2,400.00% -20.00% -37.50% -33.33% EPS 1.62 1.33 2.17 0.91 0.75 0.53 0.58 0.02 0.03 0.05 0.07

Description TTM Mar 26 Mar 25 Mar 24 Mar 23
Net Sales 653.09 618.75 555.10 347.48 269.08 Net Sales Growth 4.43% 11.47% 59.75% 29.14% Cost Of Goods Sold 629.68 596.68 538.97 334.89 260.81 Gross Profit 23.41 22.08 16.13 12.59 8.27 GP Margin 3.58% 3.57% 2.91% 3.62% 3.07% Total Expenditure 638.22 604.52 545.35 341.71 267.00 Power & Fuel Cost - 0.53 0.29 0.30 0.26 % Of Sales - 0.09% 0.05% 0.09% 0.10% Employee Cost - 3.59 2.72 1.96 2.20 % Of Sales - 0.58% 0.49% 0.56% 0.82% Manufacturing Exp. - 0.28 0.84 2.38 1.95 % Of Sales - 0.05% 0.15% 0.68% 0.72% General & Admin Exp. - 2.61 1.77 1.57 1.57 % Of Sales - 0.42% 0.32% 0.45% 0.58% Selling & Distn. Exp. - 0.79 0.57 0.25 0.10 % Of Sales - 0.13% 0.10% 0.07% 0.04% Miscellaneous Exp. - 0.04 0.19 0.36 0.11 % Of Sales - 0.01% 0.03% 0.10% 0.04% EBITDA 14.88 14.23 9.75 5.77 2.08 EBITDA Margin 2.28% 2.30% 1.76% 1.66% 0.77% Other Income 2.19 1.66 0.90 0.70 0.85 Interest 9.02 8.23 4.29 2.94 0.71 Depreciation 2.31 1.80 0.87 0.80 0.44 PBT 5.75 5.86 5.48 2.73 1.79 Tax 1.30 1.88 1.35 1.18 0.48 Tax Rate 22.61% 32.08% 24.64% 43.22% 26.82% PAT 4.44 6.76 3.89 1.55 1.30 PAT before Minority Interest 4.05 7.29 4.19 1.55 1.30 Minority Interest -0.39 -0.53 -0.30 0.00 0.00 PAT Margin 0.68% 1.09% 0.70% 0.45% 0.48% PAT Growth 30.59% 73.78% 150.97% 19.23% EPS 2.57 3.91 2.25 0.90 0.75

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 69.27 71.20 22.23 20.57 19.27 18.11 17.12 17.08 17.03 16.95 Share Capital 17.26 17.26 16.43 16.43 16.43 16.43 16.43 16.43 16.43 16.43 Total Reserves 34.81 36.74 5.80 4.14 2.83 1.68 0.69 0.65 0.60 0.52 Non-Current Liabilities -1.29 -0.27 0.14 0.10 0.09 0.20 0.21 0.19 0.24 0.09 Secured Loans 0.00 0.00 0.00 0.20 0.00 0.05 0.05 0.09 0.14 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 0.30 0.15 0.10 0.15 0.10 0.28 0.28 0.16 0.11 0.00 Current Liabilities 103.34 83.53 50.91 28.26 14.11 13.73 9.44 17.91 21.41 7.05 Trade Payables 15.29 23.24 12.87 11.72 7.51 5.27 1.06 9.43 13.24 0.38 Other Current Liabilities 4.81 0.56 0.32 0.59 1.54 1.23 1.59 1.61 3.87 1.05 Short Term Borrowings 82.22 58.45 36.84 15.24 4.87 6.62 6.69 6.80 4.24 5.57 Short Term Provisions 1.02 1.28 0.88 0.72 0.19 0.61 0.10 0.07 0.07 0.05 Total Liabilities 171.32 154.46 73.28 48.93 33.47 32.04 26.77 35.18 38.68 24.09 Net Block 6.21 2.59 2.79 2.91 2.64 1.07 1.61 1.77 2.08 2.44 Gross Block 10.91 6.19 5.72 5.21 4.50 2.60 3.87 1.77 3.66 3.58 Accumulated Depreciation 4.71 3.61 2.93 2.30 1.86 1.53 2.25 0.00 1.58 1.15 Non Current Assets 44.22 37.87 8.26 3.03 3.30 1.19 10.42 11.95 7.89 2.48 Capital Work in Progress 0.17 0.01 0.00 0.00 0.00 0.10 0.00 0.04 0.00 0.00 Non Current Investment 21.52 21.48 5.20 0.00 0.00 0.00 0.15 0.15 0.00 0.00 Long Term Loans & Adv. 0.11 0.11 0.11 0.11 0.04 0.01 8.66 9.98 5.81 0.04 Other Non Current Assets 16.21 13.69 0.16 0.01 0.62 0.01 0.00 0.00 0.00 0.00 Current Assets 127.10 116.59 65.02 45.90 30.17 30.87 16.35 23.23 30.79 21.61 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 5.40 4.19 0.26 0.18 Inventories 0.00 1.09 0.83 0.62 0.29 4.44 3.79 6.75 10.43 0.52 Sundry Debtors 77.17 95.10 53.22 36.65 17.21 14.57 6.31 9.90 15.42 18.47 Cash & Bank 8.16 4.34 0.40 3.10 1.10 4.13 0.18 0.32 0.14 0.05 Other Current Assets 41.76 0.04 0.02 0.03 11.57 7.73 0.66 2.07 4.54 2.39 Short Term Loans & Adv. 41.70 16.03 10.54 5.52 11.25 6.58 0.55 1.99 4.12 2.32 Net Current Assets 23.76 33.06 14.11 17.65 16.06 17.13 6.91 5.33 9.38 14.56 Total Assets 171.32 154.46 73.28 48.93 33.47 32.06 26.77 35.18 38.68 24.09

Description Mar 26 Mar 25 Mar 24 Mar 23
Shareholder's Funds 74.13 71.57 22.21 20.57 Share Capital 17.26 17.26 16.43 16.43 Total Reserves 39.67 37.11 5.78 4.14 Non-Current Liabilities 0.19 -0.30 5.36 0.10 Secured Loans 1.53 0.00 0.00 0.20 Unsecured Loans 0.00 0.00 0.00 0.00 Long Term Provisions 0.33 0.15 0.10 0.15 Current Liabilities 127.08 104.17 55.36 28.26 Trade Payables 29.10 35.98 16.76 11.72 Other Current Liabilities 8.08 5.02 0.57 0.59 Short Term Borrowings 88.22 61.50 37.08 15.24 Short Term Provisions 1.67 1.66 0.95 0.72 Total Liabilities 213.78 181.80 82.96 48.93 Net Block 16.60 10.42 8.22 2.91 Gross Block 22.09 14.11 11.59 5.21 Accumulated Depreciation 5.49 3.69 3.37 2.30 Non Current Assets 57.92 40.79 12.62 3.03 Capital Work in Progress 5.08 0.52 2.63 0.00 Non Current Investment 12.09 14.33 1.41 0.00 Long Term Loans & Adv. 7.78 1.82 0.20 0.11 Other Non Current Assets 16.36 13.69 0.16 0.01 Current Assets 155.85 141.02 70.34 45.90 Current Investments 0.00 0.00 0.00 0.00 Inventories 2.80 1.24 0.96 0.62 Sundry Debtors 99.93 119.41 55.11 36.65 Cash & Bank 15.59 5.27 0.44 3.10 Other Current Assets 37.53 0.04 0.02 0.03 Short Term Loans & Adv. 37.45 15.06 13.82 5.52 Net Current Assets 28.77 36.85 14.98 17.65 Total Assets 213.77 181.81 82.96 48.93

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 14.05 -28.32 -10.09 -14.59 4.86 -5.10 -3.99 6.58 7.61 -0.16 PBT 3.57 4.76 2.70 1.79 1.06 1.47 0.04 0.05 0.08 0.12 Adjustment 6.41 3.74 3.11 1.19 -0.42 -0.37 -3.74 0.87 0.88 0.76 Changes in Working Capital 5.35 -36.03 -15.90 -17.57 4.81 -6.20 -0.29 5.73 6.62 -1.04 Cash after chg. in Working capital 15.32 -27.53 -10.09 -14.59 5.45 -5.10 -3.99 6.65 7.59 -0.16 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -1.28 -0.79 0.00 0.00 -0.59 0.00 0.00 -0.06 0.02 0.00 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 -26.37 -31.66 -11.10 6.65 -5.76 9.76 4.73 -8.34 -5.86 -0.51 Net Fixed Assets -4.88 -0.48 -0.51 -0.71 -1.80 1.17 -2.06 1.85 -0.08 -0.53 Net Investments -0.04 -16.28 -5.20 0.00 0.00 5.55 -1.21 -4.08 -0.08 0.00 Others -21.45 -14.90 -5.39 7.36 -3.96 3.04 8.00 -6.11 -5.70 0.02 Cash from Financing Activity 16.15 63.91 18.49 9.94 -1.99 -0.71 -0.87 1.94 -1.66 0.71 Net Cash Inflow / Outflow 3.82 3.94 -2.69 2.00 -2.88 3.95 -0.14 0.18 0.09 0.05 Opening Cash & Equivalents 4.34 0.40 3.10 1.10 4.12 0.18 0.32 0.14 0.05 0.01 Closing Cash & Equivalent 8.16 4.34 0.40 3.10 1.24 4.14 0.18 0.32 0.14 0.05

Description Mar 26 Mar 25 Mar 24 Mar 23
Cash From Operating Activity 18.87 -42.86 -8.53 -14.59 PBT 9.18 5.55 2.73 1.79 Adjustment 5.11 4.24 3.32 1.19 Changes in Working Capital 6.24 -51.81 -14.58 -17.57 Cash after chg. in Working capital 20.53 -42.03 -8.53 -14.59 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -1.65 -0.84 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -28.79 -13.40 -18.21 6.65 Net Fixed Assets -4.88 -0.48 -0.51 Net Investments -0.04 -16.28 -5.20 Others -23.87 3.36 -12.50 Cash from Financing Activity 20.24 61.10 24.07 9.94 Net Cash Inflow / Outflow 10.32 4.83 -2.66 2.00 Opening Cash & Equivalents 5.27 0.44 3.10 1.10 Closing Cash & Equivalent 15.59 5.27 0.44 3.10

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 30.17 31.29 13.53 12.52 11.72 11.02 10.42 10.40 10.36 10.32 ROA 1.41% 3.30% 2.56% 3.17% 2.80% 3.39% 0.12% 0.14% 0.26% 0.45% ROE 4.33% 9.86% 7.32% 6.55% 4.91% 5.66% 0.22% 0.30% 0.47% 0.73% ROCE 7.95% 9.40% 11.64% 8.29% 6.04% 8.66% 3.10% 2.82% 3.04% 3.27% Fixed Asset Turnover 44.64 77.24 61.93 55.44 44.31 18.17 5.62 18.50 15.27 10.58 Receivable days 82.34 58.81 48.45 36.53 36.90 64.91 186.99 92.10 111.99 178.76 Inventory Days 0.00 0.76 0.78 0.62 5.49 25.57 121.48 62.44 36.16 59.38 Payable days 19.17 14.76 13.75 13.45 15.29 20.81 147.62 89.39 38.62 76.35 Cash Conversion Cycle 63.17 44.80 35.49 23.69 27.09 69.66 160.84 65.15 109.52 161.79 Total Debt/Equity 1.58 1.08 1.66 0.75 0.25 0.37 0.40 0.41 0.27 0.33 Interest Cover 1.47 2.16 1.95 3.53 3.55 3.32 1.02 1.12 1.08 1.32

Description Mar 26 Mar 25 Mar 24 Mar 23
Book Value (Rs.) 32.99 31.51 13.52 12.52 ROA 3.69% 3.17% 2.35% 2.67% ROE 13.11% 10.96% 7.23% 6.34% ROCE 11.71% 10.23% 11.88% 6.92% Fixed Asset Turnover 34.19 43.20 41.38 51.68 Receivable days 64.69 57.37 48.19 49.71 Inventory Days 1.19 0.72 0.83 0.83 Payable days 19.91 17.86 15.52 16.40 Cash Conversion Cycle 45.98 40.24 33.50 34.15 Total Debt/Equity 1.58 1.13 1.67 0.75 Interest Cover 2.12 2.29 1.93 3.53

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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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