Race Eco Chain Ltd. (IN:RACE)
:RACE
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Race Eco Chain Ltd.
(RACE)
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Rating:52Neutral
Price Target:
₹134.00
▼(-4.42% Downside)
Action:ReiteratedDate: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 double-digit revenue growth and a 59.7% year jump indicate durable demand expansion and scaling of core textile/manufacturing operations. Over 2-6 months this supports reinvestment capacity, stronger negotiating leverage with suppliers, and a firmer base for future margin gains.
Negative Factors
Negative Cash Flow
Persistent negative operating and free cash flows highlight cash-generation weaknesses despite revenue and margin gains. Over months this can force external financing for working capital or capex, constrain reinvestment, and expose the business to liquidity and execution risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit revenue growth and a 59.7% year jump indicate durable demand expansion and scaling of core textile/manufacturing operations. Over 2-6 months this supports reinvestment capacity, stronger negotiating leverage with suppliers, and a firmer base for future margin gains.
Read all positive factors
Race Eco Chain Ltd. (RACE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.20B
Dividend YieldN/A
Average Volume (3M)942.00
Price to Earnings (P/E)34.6
Beta (1Y)1.36
Revenue Growth41.29%
EPS Growth4.23%
CountryIN
Employees45
SectorConsumer Cyclical
Sector Strength84
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)3.85
Shares Outstanding17,257,200
10 Day Avg. Volume802
30 Day Avg. Volume942
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)5.54
Price to Sales (P/S)0.71
P/FCF Ratio-7.20
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 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
Summary
Income Statement
65
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| 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
Positive
140.20
Price Trends
114.47
Positive
126.30
Positive
177.45
Negative
Market Momentum
6.10
Negative
59.75
Neutral
52.56
Neutral
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 115.75, above the 50-day MA of 114.47, and below the 200-day MA of 177.45, indicating a neutral trend. The MACD of 6.10 indicates Negative momentum. The RSI at 59.75 is Neutral, neither overbought nor oversold. The STOCH value of 52.56 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹13.74B | 120.13 | ― | 0.06% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ₹3.62B | 24.66 | ― | ― | 9.70% | 8.88% | |
52 Neutral | ₹2.20B | 34.59 | ― | ― | 41.29% | 4.23% | |
52 Neutral | ₹4.97B | 69.89 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:RACE
Race Eco Chain Ltd.
123.75
-136.65
-52.48%
IN:ABCOTS
AB Cotspin India Ltd.
225.30
-215.10
-48.84%
IN:PASHUPATI
Pashupati Cotspin Ltd.
87.28
21.78
33.25%
IN:SANATHAN
Sanathan Textiles Limited
442.05
1.85
0.42%
IN:BORANA
Borana Weaves Limited
338.30
93.55
38.22%
IN:RNBDENIMS
R&B Denims Ltd
12.81
-17.71
-58.02%
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.