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About
Race Eco Chain Ltd (RACE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537785 NSE: RACE Environmental Services | Small Cap | Race Eco Chain Share Price
₹97.89 1.42 (1.47%)
As on 18-Sep'26 16:59
Race Eco Chain Ltd (RACE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537785 NSE: RACE Environmental Services | Small Cap | Race Eco Chain Share Price
₹97.89 1.42 (1.47%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹169 Cr.
Current Price
₹97.9
52-Week Low / High
₹84 / 241
TTM EPS
₹4.4
TTM Sales
₹653 Cr.
Book Value per Share
₹33.5
P/E Ratio
22.46
Lower than its 5-year historical median
Industry PE
31.8
Price to Book (P/B)
2.93
Lower than its 5-year historical median
Price to Sales (P/S)
0.26
Lower than its 5-year historical median
EV/EBITDA
14.26
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.11%
Underperforms industry median
Return on Capital Employed (ROCE)
11.71%
Underperforms industry median
Return on Assets (ROA)
3.69%
Operating Profit Margin
2.3%
Net Profit Margin
1.18%
Gross Profit Margin
1.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-17.05%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
45.95%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
73.99%
Asset Quality
Promoter Holding
44.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹40 Cr.
Equity
₹17.3 Cr.
Face Value
₹10
All Time Low / High
₹6.49 / 457.25
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Race Eco Chain Ltd a good quality company?
Race Eco Chain Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Race Eco Chain Ltd performance compare with that of its Peers?
Revenue growth of Race Eco Chain Ltd vs industry peers?
Race Eco Chain Ltd revenue CAGR is 31.99%, compared to the industry median CAGR of 11.80%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Race Eco Chain Ltd?
Promoters hold 44.79% of the Race Eco Chain Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Race Eco Chain Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.4% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Race Eco Chain Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.3% | 3% | 2.8% | 3.1% | 8.7% | 6% | 8.3% | 11.6% | 9.4% | 8% | - |
| Value Creation Index ⓘ | -0.8 | -0.8 | -0.8 | -0.8 | -0.4 | -0.6 | -0.4 | -0.2 | -0.3 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 35.1 | 55.2 | 50.2 | 15.8 | 58.7 | 157 | 269 | 339 | 460 | 382 | 376 |
| Sales YoY Gr. | - | 57.4% | -9.1% | -68.5% | 270.9% | 167.7% | 71.2% | 25.8% | 36% | -17.1% | - |
| Adj EPS ⓘ | 0.1 | 0.1 | 0 | 0 | 0.4 | 0.3 | 0.7 | 1 | 2.2 | 1.3 | 1.6 |
| YoY Gr. | - | -37.5% | -60% | -50% | 3600% | -18.9% | 126.7% | 42.7% | 124.7% | -39% | - |
| BVPS (₹) ⓘ | 10.3 | 10.4 | 10.4 | 10.4 | 11 | 11.7 | 12.5 | 13.5 | 31.3 | 30.2 | 30.5 |
| Adj Net Profit ⓘ | 0.1 | 0.1 | 0 | 0 | 0.6 | 0.5 | 1.1 | 1.6 | 3.8 | 2.3 | 3 |
| Cash Flow from Ops. ⓘ | -0.2 | 7.6 | 6.6 | -4 | -5.1 | 4.9 | -14.6 | -10.1 | -28.3 | 14.1 | - |
| Debt/CF from Ops. ⓘ | -35.8 | 0.6 | 1.1 | -1.7 | -1.3 | 1 | -1.1 | -3.7 | -2.1 | 5.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 30.4% | 45.4% | 12.4% | -17.1% | ||||
| Adj EPS ⓘ | 36.7% | 29.2% | 25.1% | -39% | ||||
| BVPSⓘ | 12.7% | 22.3% | 34.1% | -3.6% | ||||
| Share Price | 26% | -14.2% | -28.2% | -58% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.7 | 0.5 | 0.2 | 0.1 | 3.4 | 2.6 | 5.6 | 7.5 | 8.1 | 3.3 | 5.3 |
| Op. Profit Mgn % ⓘ | 2.4 | 1.5 | -0.3 | -2.3 | 0.2 | 0.1 | 0.8 | 1.7 | 1.8 | 2.6 | 2.7 |
| Net Profit Mgn % ⓘ | 0.4 | 0.1 | 0.1 | 0.1 | 1 | 0.3 | 0.4 | 0.5 | 0.8 | 0.6 | 0.7 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.8 | 1.7 | 1.1 | 1.6 | - |
| Working Cap Days ⓘ | 261 | 190 | 236 | 555 | 144 | 66 | 49 | 58 | 76 | 125 | 53 |
| Cash Conv. Cycle ⓘ | 162 | 110 | 65 | 161 | 71 | 27 | 24 | 36 | 45 | 64 | 11 |
Valuation of Race Eco Chain - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 31.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 269 | 347 | 555 | 619 |
| Operating Expenses ⓘ + | 267 | 342 | 545 | 605 |
| Operating Profit ⓘ | 2 | 6 | 10 | 14 |
| Operating Profit Margin (%) | 0.8% | 1.7% | 1.8% | 2.3% |
| Other Income ⓘ + | 1 | 1 | 1 | 2 |
| Interest ⓘ | 1 | 3 | 4 | 8 |
| Depreciation ⓘ | 0 | 1 | 1 | 2 |
| Profit Before Tax ⓘ | 2 | 3 | 6 | 9 |
| Tax ⓘ | 0 | 1 | 1 | 2 |
| Profit After Tax | 1 | 2 | 4 | 7 |
| PAT Margin (%) | 0.5% | 0.5% | 0.8% | 1.2% |
| Adjusted EPS (₹) | 0.8 | 0.9 | 2.3 | 3.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 21 | 22 | 54 | 57 | |||||||
| Debt + | 15 | 37 | 62 | 90 | |||||||
| Minority Interest | 0 | 0 | 6 | 12 | |||||||
| Trade Payables | 12 | 17 | 36 | 29 | |||||||
| Others Liabilities ⓘ | 1 | 7 | 24 | 26 | |||||||
| Total Liabilities ⓘ | 49 | 83 | 182 | 214 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 3 | 8 | 10 | 17 | |||||||
| CWIP ⓘ | 0 | 3 | 1 | 5 | |||||||
| Investments ⓘ | 0 | 1 | 14 | 12 | |||||||
| Inventories | 1 | 1 | 1 | 3 | |||||||
| Trade Receivables | 37 | 55 | 119 | 100 | |||||||
| Cash Equivalents | 3 | 0 | 5 | 16 | |||||||
| Others Assets ⓘ | 6 | 14 | 31 | 62 | |||||||
| Total Assets ⓘ | 49 | 83 | 182 | 214 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -15 | -9 | -43 | 19 |
| Cash Flow From Investing Activity ⓘ + | 7 | -18 | -13 | -29 |
| Cash Flow From Financing Activity ⓘ + | 10 | 24 | 61 | 20 |
| Net Cash Flow ⓘ | 2 | -3 | 5 | 10 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.34 | 7.23 | 10.96 | 13.11 | ||||||
| ROCE (%) | 6.92 | 11.88 | 10.23 | 11.71 | ||||||
| Asset Turnover Ratio | 5.5 | 5.27 | 4.19 | 3.13 | ||||||
| PAT to CFO Conversion(x) | -15 | -4.5 | -10.75 | 2.71 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 49.70 | 48.20 | 57.40 | 64.70 | ||||||
| Inventory Days | 0.80 | 0.80 | 0.70 | 1.20 | ||||||
| Payable Days | 16.40 | 15.50 | 17.90 | 19.90 | ||||||
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Announcements
Race Eco Chain Ltd FAQs
The current trading price of Race Eco Chain on 18-Sep-2026 16:59 is ₹97.89.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Race Eco Chain stood at ₹168.9 Cr
The latest P/E ratio of Race Eco Chain as of 17-Sep-2026 is 60.33.
The latest P/B ratio of Race Eco Chain as of 17-Sep-2026 is 3.21.
The 52-week high of Race Eco Chain is ₹240.6 and the 52-week low is ₹84.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Race Eco Chain is ₹376 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Race Eco Chain Ltd is a below average quality company.
The key valuation ratios of Race Eco Chain Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Race Eco Chain Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Race Eco Chain Ltd
Anisha Impex was incorporated as ‘Anisha Impex Private Limited’ a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated November 22, 1999 issued by the Registrar of Companies, NCT of Delhi and Haryana. Subsequently, the company was converted into a public limited company and the name of the company was changed to ‘Anisha Impex Limited’ pursuant to a Fresh Certificate of Incorporation dated September 10, 2013 issued by the Registrar of Companies, NCT of Delhi and Haryana.
Business area of the company
The company is currently engaged in the business of trading of fabrics. It is a multi-product fabric trading company and its range includes fabrics for bedding, windows dressing, decorative, pillows and accents, table linen, kitchen linen and other home furnishing fabrics. The company has a diverse product portfolio. It also participates in auctions carried out by authorised agents of customs and ports authorities to buy the confiscated textile materials auctioned by them. The company is able to get these textile materials at a cheaper rate from these auctions.
The company is currently serving the corporate and other clients from various spheres of textile industry. The company’s customers during FY 2013 include Alps Industries, Argon Denims, BBD Traders, Faishons Flasher India, Nagar Handloom amongst others.
Key events and milestones
- 2000: Incorporation.
- 2000: Commenced fabrication business.
- 2006: Entered into the Import Export Business.
- 2009: Entered into the business of textile trading.
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