Race Eco Chain Ltd. (RACE) AI Stock Analysis

• Market Cap: ₹4.09B
• Dividend Yield: N/A
• Average Volume (3M): 1.93K
• Price to Earnings (P/E): 52.8
• Beta (1Y): 1.44
• Revenue Growth: 93.67%
• EPS Growth: 458.99%
• Country: IN
• Employees: 45
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Manufacturing - Textiles
• EPS (TTM): 0.20
• Shares Outstanding: 17,257,200
• 10 Day Avg. Volume: 3,200
• 30 Day Avg. Volume: 1,928
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹242.00
• Price Target Upside: 4.69% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 50 Neutral
• Price Target: ₹242.00 ▲(4.69% Upside)

The overall stock score is primarily influenced by financial performance and technical analysis. Strong revenue growth and improved profitability are offset by cash flow challenges and a bearish technical outlook. The high P/E ratio further suggests overvaluation concerns.

Race Eco Chain Ltd. Business Overview & Revenue Model

Company Description

Race Eco Chain Ltd. (RACE) is a company operating in the sustainable technology and renewable energy sectors. The company focuses on providing innovative solutions to reduce carbon footprints and enhance energy efficiency. RACE's core products include eco-friendly energy management systems, renewable energy infrastructure, and sustainable supply chain management services.

How the Company Makes Money

RACE generates revenue through the sale and licensing of its energy management systems and renewable energy infrastructure products. The company also earns income by providing consulting services for sustainable supply chain management. Key revenue streams include direct sales, subscription models for energy management software, and consulting fees. Significant partnerships with renewable energy providers and government contracts for sustainability projects also contribute to the company's earnings.

Race Eco Chain Ltd. Financial Statement Overview

Summary

Race Eco Chain Ltd. has demonstrated strong revenue growth and improved profitability metrics, but faces challenges in cash flow management. The company's moderate leverage and improving equity positions are positive, yet increasing debt reliance and negative cash flows pose potential risks.

Income Statement

Race Eco Chain Ltd. demonstrates strong revenue growth with significant year-over-year increases, notably a 59.7% increase from 2024 to 2025. Gross Profit Margin and Net Profit Margin have improved steadily, indicating enhanced operational efficiency. EBIT and EBITDA margins have also improved, suggesting better cost management. However, the net profit margin remains relatively low, indicating room for profitability improvement.

Balance Sheet

The company's debt-to-equity ratio is moderate, indicating a balanced approach to leveraging debt. However, equity ratio improvements suggest strengthening financial stability. Return on Equity (ROE) shows a positive trend, but the company's reliance on debt financing has increased over the years, which could pose a risk if not managed carefully.

Cash Flow

Race Eco Chain Ltd. faces challenges with negative operating and free cash flows, indicating cash management issues. The free cash flow growth rate is negative, suggesting difficulties in generating sufficient cash to cover expenses and investments. The Operating Cash Flow to Net Income ratio is concerning, highlighting inefficiencies in converting income to cash.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	5.55B	3.47B	1.57B	2.69B	587.16M
Gross Profit	113.99M	101.70M	47.38M	64.39M	32.35M
EBITDA	105.95M	63.06M	2.67M	29.40M	23.41M
Net Income	38.93M	15.49M	9.17M	13.05M	9.96M
Balance Sheet
Total Assets	1.82B	829.61M	336.65M	491.80M	321.80M
Cash, Cash Equivalents and Short-Term Investments	52.67M	4.35M	115.36M	32.72M	41.30M
Total Debt	616.13M	425.17M	50.92M	155.10M	66.66M
Total Liabilities	1.04B	607.24M	143.98M	286.10M	140.65M
Stockholders Equity	715.75M	222.11M	192.67M	205.70M	181.15M
Cash Flow
Free Cash Flow	-550.50M	-175.70M	9.16M	-153.07M	-53.30M
Operating Cash Flow	-461.86M	-85.28M	47.24M	-145.87M	-50.99M
Investing Cash Flow	-139.30M	-182.06M	-57.57M	66.47M	97.58M
Financing Cash Flow	653.40M	240.72M	-19.91M	99.41M	-7.07M

Race Eco Chain Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 231.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RACE, the sentiment is Neutral. The current price of 231.15 is below the 20-day moving average (MA) of 239.77, below the 50-day MA of 245.00, and below the 200-day MA of 296.05, indicating a neutral trend. The MACD of -0.82 indicates Negative momentum. The RSI at 50.36 is Neutral, neither overbought nor oversold. The STOCH value of 37.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:RACE.

Race Eco Chain Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REMSONSIND	63 Neutral	₹4.32B	28.22		0.26%	26.47%	-4.53%
Sector *	61 Neutral	$17.22B	11.53	-5.99%	3.08%	1.40%	-15.51%
RACE	50 Neutral	₹4.09B	52.81		―	93.67%	458.99%
SHIVAMAUTO	46 Neutral	₹3.66B	―		―	-3.34%	-61.12%