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Race Eco Chain Ltd

RACE
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹608 cr, stock is ranked 1,574
High RiskStock is 3.87x as volatile as Nifty
370.600.30 (+0.08%)

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Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

High

Strong financials and growth story over the years

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹608 cr, stock is ranked 1,574
High RiskStock is 3.87x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
279.12
PB RatioPB Ratio
29.58
Dividend YieldDiv. Yield
Sector PESector PE
77.48
Sector PBSector PB
7.55
Sector Div YldSctr Div Yld
0.50%

Forecast & RatingsDetailed Forecast 

Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Race Eco Chain Limited is an India-based company. The Company is mainly engaged in the business of collection, segregation, transportation, trading, processing, composting, recycling, treatment and disposal of all types of waste material and recyclable products. The Company's segments include Mis Old Economy Products, Recycle Division, Restore Division and IT Division. It channelizes plastic waste to create downstream recycled products for consumer connect through its brand RESTORE. It offers various products, such as bags, which include tote bags, packaging bags, accessories dust bags, spill kit bags, laundry bags and sheet set bags; duvet covers; carriers; and curtains. Its network serves customers in various locations to access waste and recyclers across the country. The Company is involved in aggregation of plastic waste and production of recycled products. The Company also has built an artificial intelligence-enabled application to connect the recyclers with the sellers.

Investor PresentationView older 

Jun 2, 2023

PDF
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Financial TrendFinancial statements 

202020212022202317.2461.22158.83269.930.051.000.911.30
Revenue
Profit
All values in ₹ cr.
See financial statements

Holdings TrendDetailed holdings 

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

See detailed holdings

Recent NewsAll news 

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Recent EventsAll events 

Investor Presentation 
Announced OnFeb 16, 2024

Race Eco Chain Limited has informed the Exchange about Investor Presentation | Download

Race Eco Chain Limited has informed the Exchange about Investor Presentation | Download

Acquisition 
Announced OnFeb 12, 2024

Race Eco Chain Limited has informed the Exchange about Investment in the India Polymers Pvt ltd and Change of the Registered office | Download

Race Eco Chain Limited has informed the Exchange about Investment in the India Polymers Pvt ltd and Change of the Registered office | Download

Outcome of Board Meeting 
Announced OnFeb 12, 2024

Race Eco Chain Limited has informed the Exchange regarding Board meeting held on February 12, 2024 for the approval of the Unaudited Financial results for the December, 2023 and other matters. | Download

Race Eco Chain Limited has informed the Exchange regarding Board meeting held on February 12, 2024 for the approval of the Unaudited Financial results for the December, 2023 and other matters. | Download

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