Race Eco Chain

₹106.01As of Sun 8 Nov 2026, 12:00 UTC

NSE:RACEIndustrials

Country India

PE (Fwd) 18.67

TSR 3Y CAGR (20.91%)

Div yield —

ROE —

Waste Management

Beta (5Y) 0.40

PE TTM 27.05

TSR TTM (50.39%)

Mkt cap ₹1.831B

ROIC —

SE Grade™

—

Value

Quality

Moat

—

1Y Price

Reference

₹118

11.12%

60.85%

Price below Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

6.188

Revenue₹B

—

1.572

2.691

3.475

5.551

6.188

7.576

40.85%

11.47

Revenue growth%

—

71.15

29.14

59.75

11.47

22.44

44.44

—

3.53

Gross margin%

—

2.32

2.37

2.93

2.75

3.53

2.75

2.02

Operating margin%

—

(0.04)

0.62

1.45

1.59

2.02

2.04

1.45

1.09

Net margin%

—

0.58

0.48

0.45

0.70

1.09

0.58

27.05

P/E ratio (avg)x

—

333.0

166.2

49.63

22.15

166.2

—

14.65

EV/EBITx

—

102.7

73.39

26.89

11.85

73.39

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

3.92

EPS₹

—

0.56

0.79

0.92

2.28

3.92

4.79

62.79%

—

72.22

EPS growth%

—

42.26

15.74

147.64

72.22

22.09

57.24

—

Bookvalue per sh₹

—

FCF per share₹

—

Dividend per sh₹

—

Div yield (avg)%

—

Payout ratio%

—

17.26

Shares (diluted)M

—

16.43

16.86

17.10

17.26

◌17.26

1.23%

—

(0.89)

Buyback yield%

—

(2.57)

(1.48)

(0.89)

◌—

(1.19)

—

D/E ratiox

—

1.829

Enterprise value₹B

—

5.158

6.470

3.357

1.829

(19.33%)

—

LT debt₹M

—

Peers (US$19.23M)

Cap (US$)

Effwa Infra & Research…

79.12M

22.14x

Hi-Green Carbon Limited

35.39M

61.81x

Felix Industries…

33.33M

15.65x

PT Multi Hanna…

19.06M

16.13x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

1.652

1.813

Own earn%

—

Sh yield%

(0.89)

(1.19)

Owners

Insiders/Inst%

37.33

5.05

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

5/5

Revenue growth years

4/4

EPS growth years

4/4

Dividend streakyrs

Op margin range%

0–2

$1 testx

—

Incr. ROIC%

—

Race Eco Chain Limited, together with its subsidiaries, engages in waste management activities in India. It operates through Misc. Old Economy Products; Recycle Division; Restore Division; Biomass Division; and IT Division segments.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹6.188B

40.85%

1.00×

Cost of revenue

₹5.969B

40.41%

0.99×

Operating expenses

₹93.76M

26.08%

0.64×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m