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Race Eco Chain Ltd

RACE
Textiles
SmallcapWith a market cap of ₹482 cr, stock is ranked 1,573
High RiskStock is 3.91x as volatile as Nifty
377.3016.25 (+4.50%)

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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

Bad

The stock is in the overbought zone

Red flags

Low

No red flag found

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Textiles
SmallcapWith a market cap of ₹482 cr, stock is ranked 1,573
High RiskStock is 3.91x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
301.38
PB RatioPB Ratio
23.44
Dividend YieldDiv. Yield
Sector PESector PE
-16.02
Sector PBSector PB
0.40
Sector Div YldSctr Div Yld
0.09%

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 OnNov 9, 2023

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

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

Outcome of Board Meeting 
Announced OnNov 7, 2023

Race Eco Chain Limited has informed the Exchange regarding Board meeting held on November 06, 2023. approved the Unaudited Standalone and Financial Results for the Half year ended on 30-09-2023, Later on we came to know that there is some clerical mistake in the Cash Flow Statement. The rectified Standalone and Consolidated Cash Flow Statement is enclosed herewith for the half year ended on 30th September, 2023. | Download

Race Eco Chain Limited has informed the Exchange regarding Board meeting held on November 06, 2023. approved the Unaudited Standalone and Financial Results for the Half year ended on 30-09-2023, Later on we came to know that there is some clerical mistake in the Cash Flow Statement. The rectified Standalone and Consolidated Cash Flow Statement is enclosed herewith for the half year ended on 30th September, 2023. | Download

Financial Result Updates 
Announced OnNov 6, 2023

Race Eco Chain Limited has submitted to the Exchange, the financial results for the period ended September 30, 2023. | Download

Race Eco Chain Limited has submitted to the Exchange, the financial results for the period ended September 30, 2023. | Download

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