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Race Eco Chain Limited

RACE·NSE·
₹120.00▼ -8.41 (-6.55%)
Market Cap205.88 Cr
PE Ratio28.37
Volume4,22,265
Day High - Low142.00 - 116.48
52W High-Low240.00 - 84.11

Race Eco Chain Limited (RACE): company summary

The company's business is improving, with annual revenue rising 11.5% and net profit surging 82.2%.

Race Eco Chain Limited (RACE) is a micro-cap Utilities company valued at ₹206 crore operating in Waste Management on the NSE and BSE.

Recent price move
Race Eco Chain Limited last traded at ₹120, sharply down 6.55% on the day.
Financial performance
The company's business is improving, with annual revenue rising 11.5% and net profit surging 82.2%. The latest quarter saw revenue grow 21.9% compared to the same quarter a year earlier, while net profit jumped 145.2% to ₹1 crore.
Valuation multiples
The stock trades at 28.4 times earnings, a premium to the Utilities median of 18.1, 2.24 times book value.
Things to watch
The company is not paying dividends despite reporting profits, which may signal financial conservatism or reinvestment priorities. The stock is 52.8% below its 52-week high, indicating a significant pullback from recent peak levels.
Where it stands
The company has shown strong growth in both revenue and net profit over the past five years, with recent quarterly results reflecting continued improvement. The most significant movement is the sharp rise in net profit, which has grown over 145% in the latest quarter.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.

DocStoX Score
3.8/10
Poor
Fair Value
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ROE
9.84%
Average
P/E
28.37x
Fair
Debt / Equity
1.21
Elevated
Industry
Utilities
Waste Management
Overall View
Mixed

Price performance

Day₹116.48
₹142.00
52W₹84.11
₹240.00
DocStoX take

Supported by growth (9.0), but held back by momentum (1.1). Growth looks strong at 9.0, but that is offset by momentum at 1.1 and valuation at 2.5 and quality at 2.8. We are calling it Mixed rather than resolving the conflict for you.

DocStoX score

Low confidence
3.8
/10
Poor
Quality
Weak
ROE 9.8%
Valuation
Expensive
P/E 28.4×
Growth
Strong
Revenue +60.2% 5Y CAGR
Risk
Elevated
D/E 1.21
Momentum
Weak
23% of 52-week range

At a glance

Market Cap
₹206 Cr
52W High / Low
₹240 / ₹84
Dividend Yield
0.00%
Promoter Holding
44.79%
EPS (TTM)
₹4.23
Book Value
₹42.95

Key highlights

  • Revenue compounding 60% a year
  • Profit compounding 49% a year
  • Profitable in all of the last 5 years
  • 100% of promoter holding is pledged
  • Momentum is weak (1.1/10)
3 Positives4 Watchouts

Growth

Financials

Shareholding

Technicals

Peers

News

Forecasts

About the company

More data

Filings, corporate actions and ownership detail — opened on demand.

More Utilities stocks · Waste Management

Race Eco Chain Limited peers in Utilities

Other Utilities stocks on the NSE & BSE. See the full Utilities sector list.