NSE:RACE

RACE ECO CHAIN LIMITED

₹104.14
at close · 28 Oct 2026
▼ 0.22 (-0.21%)

Latest filings

  1. RTA confirms no physical share certificates for demat in Q2 FY27 · Compliance
  2. Promoters pledge entire 44.79 percent stake in Race Eco Chain · Ownership Changes
  3. Promoters pledge 100 percent of holdings (44.79 percent of capital) for personal use · Ownership Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates primarily in plastic recycling, with the Recycle Division contributing 95.2% of segment revenue at ₹363.68 crore in FY26. Through subsidiaries including Ganesha Recycling Chain Private Limited (51% owned, classified as a material subsidiary) and a 51% stake acquired in Shubhlaxmi Ecoplast LLP, the recycling work spans multiple plastic types — PET, PP, PVC, HDPE, LDPE, and LLDPE. The Restore Division contributed 2.6% of segment revenue (₹9.88 cr) and the Biomass Division contributed 2.2% (₹8.27 cr). Consolidated FY26 revenue reached ₹618.75 crore with a 3.1% EBITDA margin, with management flagging a 25% rise in raw material prices as a drag on margins. The board has proposed a demerger into three separate entities, and the company launched a 'RACE App'. It participates in industry events including the Global Conclave on Plastic Recycling and Sustainability and BIOFUEL EXPO 2026.

Revenue mix · reported segments
Recycle Division95.2%
Restore Division2.6%
Biomass Division2.2%
Operating scale
Recycle Division share of segment revenue
95.2%FY26
Subsidiary stake in Ganesha Recycling Chain
51% (material subsidiary)
Stake acquired in Shubhlaxmi Ecoplast LLP
51% for Rs 2.3 crore
Plastic types handled by recycling operations
PET, PP, PVC, HDPE, LDPE, LLDPE
Raw material price movement
+25% YoY, flagged as margin drag
Who pays it
Buyers of recycled plastic materials; specific end-customer segments not stated in the facts.
Biggest cost
Raw materials — management flagged a 25% rise in raw material prices hitting margins.
Kind of business
Plastic recycling-focused business with small restore and biomass adjacencies; thin 3.1% EBITDA margin.
Where it sits
Operates a network of recycling subsidiaries including a material subsidiary and step-down LLP; participates in plastic recycling and biofuel industry exhibitions.
Market Cap
₹180 Cr
P / E (TTM)
22.7×
EV / EBITDA
12.4×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
19.7%▲
ROCE (FY26)
ROE 8.4% · margin 3.1%
Leverage
1.04·
Debt / Equity · moderate
Net debt ₹75 Cr
Revenue FY24→FY26
1.8×▲
Margin +0.7 pts
₹347 Cr → ₹619 Cr
Cash conversion
-2.51×▼
Operating cash ÷ profit · 3 yrs
₹-33 Cr on ₹13 Cr
Moves on a normal day
1.49%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves

Scorecard

Measured from the filed financials · as of FY26 — not investment advice

Strengths
Returns on capital 19.7%
Concerns
Over 3 years it reported ₹13 Cr of profit and an operating cash outflow of ₹33 Cr — -2.51×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

RACE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RACE ECO CHAIN LIMITED's filed financials and exchange disclosures

What does RACE ECO CHAIN LIMITED do?

RACE ECO CHAIN LIMITED is listed on NSE and BSE, trading under the symbol RACE.

Is RACE ECO CHAIN LIMITED profitable?

Yes. Over the trailing twelve months RACE ECO CHAIN LIMITED reported a net profit of ₹7.92 Cr on revenue of ₹653 Cr.

Does RACE ECO CHAIN LIMITED pay a dividend?

Not in the latest reported year — RACE ECO CHAIN LIMITED's dividend payout for FY26 was nil.

Is RACE ECO CHAIN LIMITED debt-free?

No. It reported borrowings of ₹90 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹75 Cr after cash. Debt stands at 1.04× equity.

How much does the RACE ECO CHAIN LIMITED share price move in a day?

On a typical session RACE ECO CHAIN LIMITED moves 1.49% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RACE ECO CHAIN LIMITED's announcements?

Every NSE and BSE filing by RACE ECO CHAIN LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.