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Race Eco Chain Ltd

(RACE)

₹380.753.14%

as on 04:01PM, 21 Oct 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Race Eco Chain Ltd Performance

  • Day's Low

    Day's High

    ₹378
    ₹390.95
  • 52 Week's Low

    52 Week's High

    ₹226.1
    ₹460
1 Month Return-5.98 %
3 Month Return-5.6 %
1 Year Return+ 65.31 %
Previous Close₹393.10
Open₹390.05
Volume61.72K
Upper Circuit-
Lower Circuit-
Market Cap₹645.95Cr

Race Eco Chain Ltd Key Statistics

P/E Ratio701.96
PEG Ratio-1079.95
Market Cap₹645.95 Cr
P/B Ratio23.94
EPS0.94
Dividend Yield0
SectorTrading
ROE7.34

Race Eco Chain Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹645.95 Cr145.17%0.81₹1 Cr₹347 Cr
NA₹16.10 Cr-4.78%0.50NANA
NA₹335.18 Cr37.47%0.75₹27 Cr₹2,117 Cr
NA₹90.96 Cr15.97%0.50-₹1 Cr₹4 Cr
NA₹33.40 Cr0.27%0.74NANA

About Race Eco Chain Ltd

Race Eco Chain Ltd (formerly Anisha Impex Limited), is an eco-friendly initiative which focuses on reducing the Carbon footprint caused by waste plastics through aggregation and channelization of plastic waste for recycling into consumer friendly products. The Company has built an AI-enabled App to convert the recyclers with the sellers for better transparency and ease of doing business. In a short span, the Company has been able to spread across 20 states within India and has setup 57 franchisee associates across the map. The App offers value-adding opportunities for waste entrepreneurs either in upcycling products directly from consumers or recycling waste for higher industrial consumption. The Company is also providing exhaustive and customized learning programs to enhance employee capabilities, and are committed to providing equitable compensation, and have a focus on inducting women across levels with a target of 50% of women on the board by Dec 2021. In addition to this, the AI and Big Data-enabled App seeks to bring about scalability and transparency in the supply and demand chain.

Share Price: ₹380.75 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹645.95Cr as of today
Revenue: ₹86.44Cr as on June 2024 (Q2 24)
Net Profit: ₹0.10Cr as on June 2024 (Q2 24)
Listing date: 09 May, 2023
Chairperson Name: Sunil Kumar Malik
OrganisationRace Eco Chain Ltd
Headquarters
IndustryTrading
E-voting on sharesClick here to vote

Key events for Race Eco Chain Ltd

  • Race Eco Chain Forms Joint Venture for PET Recycling - 06 Sep, 2024

    Race Eco Chain has announced a joint venture with Ganesha Ecosphere to establish washing plants for producing PET flakes, enhancing sustainability efforts. The venture will see Race Eco Chain holding a 51% stake, positioning the company for higher-margin opportunities.

  • Race Eco Chain Forms Joint Venture for PET Recycling - 05 Sep, 2024

    Race Eco Chain Limited, a micro-cap company focused on recycling, announced a joint venture with Ganesha Ecosphere to establish washing plants for PET flakes production.

  • Race Eco Chain Reports Decline in Financial Performance - 23 Aug, 2024

    Race Eco Chain's June 2024 net sales fell 21.94% year-on-year to Rs 86.44 crore. Net profit decreased by 88.4%, and EPS dropped to Rs 0.06. Despite this, shares have gained 12.47% over the last six months and 47.69% over the last year.

Insights on Race Eco Chain Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 72.83 Cr → 86.59 Cr (in ₹), with an average increase of 8.0% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 54.52% to 54.56% in Oct 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Swan Energy Ltd has given 322.9% return, outperforming this stock by 249.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 44.79% of holdings in Oct 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 78.1% return, outperforming this stock by 12.8%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, RACE stock has moved down by -5.6%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.10% to 0.07% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 0.49 Cr → 0.11 Cr (in ₹), with an average decrease of 38.8% per quarter

Race Eco Chain Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹110.74Cr (-)₹78.88Cr (↓28.77%)₹72.68Cr (↓7.86%)₹85.17Cr (↑17.18%)₹86.44Cr (↑1.49%)
Net Income₹0.91Cr (-)₹0.22Cr (↓75.82%)₹0.49Cr (↑122.73%)₹0.11Cr (↓77.55%)₹0.10Cr (↓9.09%)
Net Profit Margin0.82% (-)0.28% (↓65.85%)0.67% (↑139.29%)0.13% (↓80.60%)0.12% (↓7.69%)
Value in ₹ crore
Details2021202220232024
Total Assets₹32.19Cr (-)₹33.67Cr (↑4.60%)₹49.19Cr (↑46.09%)₹73.28Cr (↑48.97%)
Total Liabilities₹14.08Cr (-)₹14.41Cr (↑2.34%)₹28.62Cr (↑98.61%)₹51.05Cr (↑78.37%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹3.99Cr (-)-₹5.10Cr (↑27.82%)₹4.86Cr (↓195.29%)-₹14.59Cr (↓400.21%)-₹10.09Cr (↓30.84%)
0

Race Eco Chain Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
44.79%
0.00
Foreign Institutions
0.07%
-35.42
Mutual Funds
0%
0.00
Retail Investors
54.56%
0.07
Others
0.58%
-0.02

Race Eco Chain Ltd Key Indicators

Details20202021202220232024
Return On Equity %-1.056.532.416.537.34
Details2024
Return On Assets %2.12
Details2024
Book Value Per Share (₹)13.52
Details2024
Earning Per Share (₹)0.94

Race Eco Chain Ltd Valuation

Race Eco Chain Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

March 29, 2023

Industry (97.46x)

October 18, 2024

Today (701.96x)

October 18, 2024

Highest (791.16x)

September 5, 2024

LowHigh

Race Eco Chain Ltd Earnings and Dividends

  • Race Eco Chain Ltd Earnings Results

    Race Eco Chain Ltd’s net profit fell -87.91% since last year same period to ₹0.11Cr in the Q1 2024-2025. On a quarterly growth basis, Race Eco Chain Ltd has generated 0% jump in its net profits since last 3-months.

    Read More about Earnings Results

Race Eco Chain Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Race Eco Chain Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Race Eco Chain Ltd

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Race Eco Chain Ltd (RACE) share price today is ₹380.75

Race Eco Chain Ltd is listed on NSE

Race Eco Chain Ltd is listed on BSE

  • Today’s highest price of Race Eco Chain Ltd is ₹390.95.
  • Today’s lowest price of Race Eco Chain Ltd is ₹378.

PE Ratio of Race Eco Chain Ltd is 701.96

PE ratio = Race Eco Chain Ltd Market price per share / Race Eco Chain Ltd Earnings per share

Today’s traded volume of Race Eco Chain Ltd(RACE) is 61.72K.

Today’s market capitalisation of Race Eco Chain Ltd(RACE) is ₹645.95Cr.

Race Eco Chain Ltd(RACEPrice
52 Week High
₹460
52 Week Low
₹226.1

Race Eco Chain Ltd(RACE) share price is ₹380.75. It is down -17.23% from its 52 Week High price of ₹460

Race Eco Chain Ltd(RACE) share price is ₹380.75. It is up 68.40% from its 52 Week Low price of ₹226.1

Race Eco Chain Ltd(RACEReturns
1 Day Returns
-12.35%
1 Month Returns
-5.98%
3 Month Returns
-5.6%
1 Year Returns
65.31%