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Race Eco Chain Ltd.
(RACE)
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Rating:45Neutral
Price Target:
₹110.00
▼(-0.90% Downside)
Action:Reiterated
Date:06/04/26
The score is held back primarily by weak financial quality (thin margins, higher leverage, and inconsistent cash flow with negative free cash flow) and bearish technical positioning (below key moving averages with negative MACD). Valuation is only moderate (P/E ~27.5) and does not sufficiently counterbalance these risks.
Positive Factors
Historical revenue scaling
The company has materially scaled revenue over multiple years, creating a larger operating base and market presence. That scale supports fixed-cost absorption and offers a platform for cross-selling and incremental margin improvement if growth stabilizes, aiding medium-term resilience.
Negative Factors
Very thin profit margins
Margins are extremely compressed, leaving limited buffer against cost inflation or operational setbacks. With low gross and net margins, small adverse inputs or pricing pressure can quickly erode profitability, constraining the firm’s ability to build retained earnings or absorb shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical revenue scaling
The company has materially scaled revenue over multiple years, creating a larger operating base and market presence. That scale supports fixed-cost absorption and offers a platform for cross-selling and incremental margin improvement if growth stabilizes, aiding medium-term resilience.
Read all positive factors
Race Eco Chain Ltd. (RACE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.72B
Dividend YieldN/A
Average Volume (3M)942.00
Price to Earnings (P/E)22.3
Beta (1Y)1.30
Revenue Growth4.43%
EPS Growth2.54%
CountryIN
Employees45
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)4.48
Shares Outstanding17,257,200
10 Day Avg. Volume802
30 Day Avg. Volume942
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.86
Price to Sales (P/S)0.22
P/FCF Ratio-164.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Race Eco Chain Ltd. Business Overview & Revenue Model
Company Description
Race Eco Chain Limited specializes in the commercial activity and promotion of textile products, encompassing both fabrics and yarns. Its comprehensive product portfolio serves a broad spectrum of home furnishing requirements, including materials ...
Race Eco Chain Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.53B | 6.19B | 5.55B | 3.47B | 2.69B | 1.57B |
| Gross Profit | 202.35M | 163.75M | 113.99M | 101.70M | 64.39M | 47.38M |
| EBITDA | 162.66M | 142.03M | 105.95M | 63.06M | 29.40M | 18.07M |
| Net Income | 75.22M | 67.64M | 38.93M | 15.49M | 13.05M | 9.17M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.16B | 1.82B | 829.61M | 491.80M | 336.65M |
| Cash, Cash Equivalents and Short-Term Investments | 155.90M | 155.90M | 57.08M | 4.35M | 32.72M | 10.96M |
| Total Debt | 0.00 | 900.49M | 616.13M | 425.17M | 155.10M | 50.92M |
| Total Liabilities | -865.06M | 1.29B | 1.04B | 607.24M | 286.10M | 143.98M |
| Stockholders Equity | 865.06M | 741.28M | 715.75M | 222.11M | 205.70M | 192.67M |
Cash Flow | ||||||
| Free Cash Flow | -19.58M | -8.36M | -550.50M | -175.70M | -153.07M | 9.16M |
| Operating Cash Flow | 33.37M | 117.56M | -461.86M | -85.28M | -145.87M | 47.24M |
| Investing Cash Flow | -46.12M | -298.68M | -134.04M | -182.06M | 66.47M | -57.57M |
| Financing Cash Flow | 60.54M | 284.36M | 610.99M | 240.72M | 99.41M | -19.91M |
Race Eco Chain Ltd. Technical Analysis
Negative
111.00
Price Trends
109.14
Negative
115.09
Negative
128.36
Negative
Market Momentum
-2.22
Positive
33.87
Neutral
13.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RACE, the sentiment is Negative. The current price of 111 is above the 20-day moving average (MA) of 108.18, above the 50-day MA of 109.14, and below the 200-day MA of 128.36, indicating a bearish trend. The MACD of -2.22 indicates Positive momentum. The RSI at 33.87 is Neutral, neither overbought nor oversold. The STOCH value of 13.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RACE.
Race Eco Chain Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | ₹13.36B | 94.06 | ― | 0.06% | ― | ― | |
57 Neutral | ₹8.57B | 12.32 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹2.40B | 7.04 | ― | ― | 23.44% | -27.95% | |
48 Neutral | ₹4.38B | 31.24 | ― | ― | ― | ― | |
48 Neutral | ₹39.73B | 65.56 | ― | ― | 48.53% | -59.70% | |
45 Neutral | ₹1.72B | 22.34 | ― | ― | 4.43% | 2.54% |
* General Sector Average
IN:RACE
Race Eco Chain Ltd.
99.70
-124.65
-55.56%
IN:ABCOTS
AB Cotspin India Ltd.
199.20
-241.20
-54.77%
IN:PASHUPATI
Pashupati Cotspin Ltd.
84.65
15.70
22.77%
IN:SANATHAN
Sanathan Textiles Limited
470.75
-35.10
-6.94%
IN:BORANA
Borana Weaves Limited
321.65
98.85
44.37%
IN:RNBDENIMS
R&B Denims Ltd
8.88
-21.64
-70.91%
Race Eco Chain Ltd. Corporate Events
Race Eco Chain files SEBI depository compliance certificate for June quarter
Jul 4, 2026
Race Eco Chain Limited has notified the stock exchanges that it has obtained and forwarded the required certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 2026. The submis...
Race Eco Chain Publishes Audited Results Notice in Newspapers
May 31, 2026
Race Eco Chain Ltd. has notified the stock exchanges that it has published newspaper advertisements of its audited financial results for the quarter and year ended 31 March 2026. The advertisements appeared on 14 August 2025 in the English daily F...
Race Eco Chain Boosts Investment in Recycling Subsidiary, Maintains 51% Stake
May 2, 2026
Race Eco Chain Ltd. has injected INR 1.02 crore into its subsidiary Ganesha Recycling Chain Private Limited via a rights issue, receiving 102,000 new equity shares. The move, funded in cash and executed on an arm’s-length basis as a related-...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.