Race Eco Chain Ltd
Incorporated in 1999, Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers. Company also manufactures recycled products[1]
- Market Cap ₹ 658 Cr.
- Current Price ₹ 400
- High / Low ₹ 460 / 226
- Stock P/E 707
- Book Value ₹ 13.5
- Dividend Yield 0.00 %
- ROCE 11.3 %
- ROE 7.34 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 29.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 269 | 347 | 323 | |
| 267 | 342 | 318 | |
| Operating Profit | 2 | 6 | 5 |
| OPM % | 1% | 2% | 2% |
| 1 | 1 | 1 | |
| Interest | 1 | 3 | 3 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 2 | 3 | 2 |
| Tax % | 27% | 43% | |
| 1 | 2 | 1 | |
| EPS in Rs | 0.79 | 0.94 | 0.57 |
| Dividend Payout % | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 53% |
| 3 Years: | 18% |
| 1 Year: | 56% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Equity Capital | 16 | 16 |
| Reserves | 4 | 6 |
| 16 | 43 | |
| 13 | 18 | |
| Total Liabilities | 49 | 83 |
| 3 | 8 | |
| CWIP | -0 | 3 |
| Investments | -0 | 1 |
| 46 | 71 | |
| Total Assets | 49 | 83 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| -15 | -9 | |
| 7 | -18 | |
| 10 | 24 | |
| Net Cash Flow | 2 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 50 | 58 |
| Inventory Days | 1 | 1 |
| Days Payable | 16 | 18 |
| Cash Conversion Cycle | 34 | 41 |
| Working Capital Days | 40 | 54 |
| ROCE % | 11% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 Sep
-
Closure of Trading Window
26 Sep - Trading window closure from 1st October 2024.
-
Board Meeting Outcome for Allotment Of The Equity Shares
26 Sep - Allotment of 8,25,000 equity shares at Rs. 352 each.
-
Announcement under Regulation 30 (LODR)-Updates on Joint Venture
11 Sep - Incorporation of Ganesha Recycling Chain as subsidiary.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Sep - Race Eco Chain and Ganesha Ecosphere form joint venture.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Business Overview:[1]
RACE (Recycling and Circular Economy) aggregates plastic waste and produces recycled products, reducing the carbon footprint. Their vertical setup ensures waste collection, auditing, and product creation, employing AI for traceability. They've developed an AI-powered app with blockchain for secure transactions connecting buyers and sellers. Recycled PET fabric from their GRS-certified mills offers a traceable circle of trust.