Race Eco Chain Ltd. (RACE) AI Stock Analysis

• Market Cap: ₹2.28B
• Dividend Yield: N/A
• Average Volume (3M): 942.00
• Price to Earnings (P/E): 34.6
• Beta (1Y): 1.35
• Revenue Growth: 90.55%
• EPS Growth: 20.25%
• Country: IN
• Employees: 45
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Manufacturing - Textiles
• EPS (TTM): 1.02
• Shares Outstanding: 17,257,200
• 10 Day Avg. Volume: 802
• 30 Day Avg. Volume: 942
• PEG Ratio: 0.62
• Price to Book (P/B): 5.54
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -7.20
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹144.00 ▲(2.71% Upside)
• Action: Reiterated Date: 04/03/26
• Date: Action: Reiterated 04/03/26

The score is primarily driven by strong revenue growth and improving margins, tempered by negative operating/free cash flow and moderate leverage risk. Technical indicators are mixed but skew weaker due to negative MACD and trading below longer-term averages, while valuation is a headwind given the high P/E and no dividend yield.

Positive Factors

Revenue Growth

Sustained high top-line growth (41%+ annual and a 59.7% YoY step) signals expanding product adoption or market share. Over 2–6 months this supports reinvestment in capacity, pricing leverage opportunities and provides a larger base for margin and earnings durability if cash conversion is improved.

Negative Factors

Negative Cash Flow

Persistent negative operating and free cash flows undermine the company's ability to self-fund growth and convert accounting profits into liquid resources. Over months this forces reliance on external financing, increases vulnerability to credit conditions, and constrains durable reinvestment.

Race Eco Chain Ltd. Business Overview & Revenue Model

Company Description

Race Eco Chain Ltd. engages in trading and marketing of fabrics and yarns. Its product range includes fabrics for bedding, window dressing, decorative, pillows and accents, table linen, kitchen linen, and other home furnishing fabrics. The company...

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Race Eco Chain Ltd. engages in trading and marketing of fabrics and yarns. Its product range includes fabrics for bedding, window dressing, decorative, pillows and accents, table linen, kitchen linen, and other home furnishing fabrics. The company...

Race Eco Chain Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.68B	5.55B	3.47B	2.69B	1.57B	587.16M
Gross Profit	187.76M	113.99M	101.70M	64.39M	47.38M	32.35M
EBITDA	157.22M	105.95M	63.06M	29.40M	18.07M	23.41M
Net Income	62.02M	38.93M	15.49M	13.05M	9.17M	9.96M
Balance Sheet
Total Assets	2.02B	1.82B	829.61M	491.80M	336.65M	321.80M
Cash, Cash Equivalents and Short-Term Investments	104.60M	57.08M	4.35M	32.72M	10.96M	41.30M
Total Debt	713.00M	616.13M	425.17M	155.10M	50.92M	66.66M
Total Liabilities	1.17B	1.04B	607.24M	286.10M	143.98M	140.65M
Stockholders Equity	728.64M	715.75M	222.11M	205.70M	192.67M	181.15M
Cash Flow
Free Cash Flow	-19.58M	-550.50M	-175.70M	-153.07M	9.16M	-53.30M
Operating Cash Flow	33.37M	-461.86M	-85.28M	-145.87M	47.24M	-50.99M
Investing Cash Flow	-46.12M	-134.04M	-182.06M	66.47M	-57.57M	97.58M
Financing Cash Flow	60.54M	610.99M	240.72M	99.41M	-19.91M	-7.07M

Race Eco Chain Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 140.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RACE, the sentiment is Positive. The current price of 140.2 is above the 20-day moving average (MA) of 111.32, above the 50-day MA of 112.11, and below the 200-day MA of 179.84, indicating a neutral trend. The MACD of 5.46 indicates Negative momentum. The RSI at 60.31 is Neutral, neither overbought nor oversold. The STOCH value of 81.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
MUNJALSHOW	66 Neutral	₹4.98B	11.32	―	3.69%	―	―
MAZDA	63 Neutral	₹4.03B	12.72	―	1.64%	―	―
REMSONSIND	63 Neutral	₹3.32B	20.06	―	0.24%	28.08%	3.19%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RACE	52 Neutral	₹2.28B	34.59	―	―	90.55%	20.25%
SHIVAMAUTO	48 Neutral	₹2.49B	-3.18	―	―	-11.18%	-22.17%