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Race Eco Chain Ltd

RACE
Textiles
SmallcapWith a market cap of ₹820 cr, stock is ranked 1,527
Moderate RiskStock is 2.59x as volatile as Nifty
435.206.05 (+1.41%)

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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

Avg

Financials growth has been moderate for a few years

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

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Textiles
SmallcapWith a market cap of ₹820 cr, stock is ranked 1,527
Moderate RiskStock is 2.59x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
474.46
PB RatioPB Ratio
36.91
Dividend YieldDiv. Yield
Sector PESector PE
32.44
Sector PBSector PB
1.89
Sector Div YldSctr Div Yld
0.23%

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.

Financial TrendFinancial statements 

202120222023202461.22158.83269.93348.181.000.911.301.55
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

High Pledged Promoter Holding
Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

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 

Diversification/Disinvestment 
Announced OnJul 5, 2024

Race Eco Chain Limited has informed the Exchange about Completion of the Diversification/Disinvestment in the Material Subsidiary of the Company. | Download

Race Eco Chain Limited has informed the Exchange about Completion of the Diversification/Disinvestment in the Material Subsidiary of the Company. | Download

Shareholders meeting 
Announced OnJul 4, 2024

Race Eco Chain Limited has submitted the Exchange a copy Scrutinizers report of Annual General Meeting held on July 03, 2024 along with voting Results | Download

Race Eco Chain Limited has submitted the Exchange a copy Scrutinizers report of Annual General Meeting held on July 03, 2024 along with voting Results | Download

Shareholders meeting 
Announced OnJul 3, 2024

Race Eco Chain Limited has informed the Exchange about the proceedings of the Shareholders meeting | Download

Race Eco Chain Limited has informed the Exchange about the proceedings of the Shareholders meeting | Download

See all events