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Race Eco Chain Ltd (RACE)

₹405.72.57%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹400.3
    ₹417.8
  • 52 Week's Low

    52 Week's High

    ₹226.1
    ₹460
1 Month Return-4.66 %
3 Month Return+ 33.7 %
1 Year Return+ 66.96 %
Previous Close₹416.40
Open₹416.45
Volume21.98K
Upper Circuit-
Lower Circuit-
Market Cap₹684.24Cr

Key Statistics

P/E Ratio396.57
PEG Ratio1468.78
Market Cap₹684.24 Cr
P/B Ratio23.94
EPS0.94

Company Information

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: ₹405.70 per share as on 23 Jul, 2024 04:01 PM
Market Capitalisation: ₹684.24Cr as of today
Revenue: ₹85.17Cr as on March 2024 (Q1 24)
Net Profit: ₹0.11Cr as on March 2024 (Q1 24)
Listing date: 09 May, 2023
Chairperson Name: Sunil Kumar Malik
OrganisationRace Eco Chain Ltd
Headquarters
IndustryTrading
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Key events for Race Eco Chain Ltd

  • Ganesha Ecosphere to Invest Rs 16 Crore in RACE Eco Chain - 03 Jun, 2024

    Ganesha Ecosphere has approved a strategic investment of Rs 16 crore in the equity share capital of RACE Eco Chain, which is engaged in plastic waste management. As of March 31, 2024, RACE Eco Chain had a net worth of Rs 22.23 crore and revenue of Rs 338.50 crore for FY24.

  • RACE Eco Chain Aims to Capture 25% Market Share in PET Waste Collection Sector by 2030 - 31 May, 2024

    RACE Eco Chain is collaborating with leading recyclers to capture a quarter of the PET waste collection sector in India by 2030. The company offers an organized supply chain through initiatives like ESG focus, circular economy promotion, and community engagement.

  • Race Eco Chain Q4 2024 Net Sales Down by 13.92% - 29 May, 2024

    Race Eco Chain's standalone net sales for March 2024 were down by 13.92% YoY, with a quarterly net profit of Rs. 0.24 crore, down 46.89% from the previous year. However, EBITDA increased to Rs. 1.46 crore in March 2024, up 41.75% YoY. The stock has given positive returns of 9.97% over the last 6 months and 52.94% over the last 12 months.

  • Race Eco Chain Ltd Shows Impressive Growth and Insider Buying - 22 May, 2024

    Race Eco Chain has shown impressive year-on-year growth in earnings per share, with a 115% increase over the previous 12 months. Insiders have also been buying shares, indicating potential undervaluation. With insiders owning 47% of the company's shares, there is significant motivation to create shareholder value. Overall, Race Eco Chain appears to be a promising investment opportunity.

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

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.03% to 0.17% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 72.83 Cr → 85.78 Cr (in ₹), with an average increase of 15.1% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, RACE stock has moved up by 33.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Swan Energy Ltd has given 381.5% return, outperforming this stock by 285.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 200.7% return, outperforming this stock by 133.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 0.49 Cr → 0.11 Cr (in ₹), with an average decrease of 77.6% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 55.18% to 55.04% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹85.17Cr
↑17.18%
Net Income
₹0.11Cr
↓77.55%
Net Profit Margin
0.13%
↓80.60%
2024Y/Y Change
Revenue
₹347.48Cr
↑29.14%
Net Income
₹1.55Cr
↑19.23%
Net Profit Margin
0.45%
↓6.25%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹73.28Cr
↑48.97%
Total Liabilities
₹51.05Cr
↑78.37%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
-₹10.09Cr
↓30.84%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
44.79%
0.00
Foreign Institutions
0.17%
459.66
Mutual Funds
0%
0.00
Retail Investors
55.04%
-0.25
Others
0%
0.00

Key Indicators

Race Eco Chain Ltd Valuation

Race Eco Chain Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

March 29, 2023

Industry (102.56x)

July 22, 2024

Today (396.57x)

July 22, 2024

Highest (421.52x)

July 9, 2024

LowHigh

Earnings and Dividends

  • Race Eco Chain Ltd Earnings Results

    Race Eco Chain Ltd’s net profit fell -75% since last year same period to ₹0.11Cr in the Q4 2023-2024. On a quarterly growth basis, Race Eco Chain Ltd has generated -77.55% fall in its net profits since last 3-months.

    Read More about Earnings Results

Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

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Race Eco Chain Ltd (RACE) share price today is ₹405.7

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 ₹417.8.
  • Today’s lowest price of Race Eco Chain Ltd is ₹400.3.

PE Ratio of Race Eco Chain Ltd is 396.57

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 21.98K.

Today’s market capitalisation of Race Eco Chain Ltd(RACE) is ₹684.24Cr.

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

Race Eco Chain Ltd(RACE) share price is ₹405.7. It is down -11.80% from its 52 Week High price of ₹460

Race Eco Chain Ltd(RACE) share price is ₹405.7. It is up 79.43% from its 52 Week Low price of ₹226.1

Race Eco Chain Ltd(RACEReturns
1 Day Returns
-10.7%
1 Month Returns
-4.66%
3 Month Returns
33.7%
1 Year Returns
66.96%