Race Eco Chain Ltd

RACE
NSE· Utilities
₹109.88
+1.82 (+1.68%)
Updated 11:28 am IST
52W Low · ₹90.0152W High · ₹261.48
Near 52W Low
Market Cap
₹188.35L Cr
Volume
5.2K
Prev Close
₹108.06
ISIN
INE084Q01012

Orion Score

Fundamentals-based quality & risk · not a recommendation

40/100
Caution

Raw blend 48 capped to 40 by a red flag.

Why this is capped

Raw blend 48 → capped to 40

  • Profit not converting to cash (CFO -2.5x PAT) — cash-trap risk
  • Micro-cap (~Rs 188 cr) — limited reliability/liquidity
  • Short track record (4 yrs of data)
Quality
36
Growth
97
Safety
28
Value
—

Race Eco Chain Ltd scores 40/100 (Caution) on the Orion Score — weak business quality (36), strong growth (97) and poor balance-sheet safety (28). A fundamentals-based quality & risk score, not a buy/sell recommendation.

Full Orion analysis

Risk checks

  • Profit not converting to cash (CFO -2.5x PAT) — cash-trap risk
  • Micro-cap (~Rs 188 cr) — limited reliability/liquidity
  • Short track record (4 yrs of data)

Forensic accounting

Piotroski F 4/9Altman Z Safe(5.71)Beneish M Clean(-2.88)

Piotroski F = fundamental health (0–9, higher is better) · Altman Z = bankruptcy / distress risk · Beneish M = earnings-manipulation check

Technical / Momentum

Price Trend

50/100

Neutral

Technical momentum companion — separate from the fundamentals-based Orion Score.

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VestAI Stock Score

VALUATION
Moderate
D/E 0.84x — manageable leverage
QUALITY
Average
ROCE 11.5% — decent returns
MOMENTUM
Neutral
RSI 46.3 — consolidating

Price Chart

SMA 20
SMA 50
SMA 200

Key Fundamentals

Q3 FY2026

P/E Ratio
25.80
ROCE
11.51%
ROE (1Y)
8.30%
D/E Ratio
0.84x
OPM
2.16%
TTM EPS
₹4.23
Dividend Yield
0.00%
Qtrly Sales
₹131.12 Cr
Qtrly Profit
₹1.76 Cr

Technical Signals

Quarterly Results

Revenue & Profit in ₹ Crores

Revenue Net Profit
QuarterRevenueNet ProfitOPMEPS
Q3 2026₹131.12₹1.762.2%₹1.10
Q2 2026₹148.43₹2.82.1%₹1.72
Q1 2026₹156.73₹0.351.7%₹1.13
Q4 2025₹193.95₹1.481.7%—
Q3 2025₹168.42₹1.581.7%₹1.00

Annual P&L

Revenue & Profit in ₹ Crores (Yearly)

Revenue Net Profit
YearRevenueNet ProfitEBITDAOPM
FY 2025₹555.1₹3.89₹10.551.6%
FY 2024₹347.48₹1.55₹6.311.6%
FY 2023₹269.08₹1.3₹2.930.7%
FY 2022₹157.03₹0.92₹1.790.3%

Peer Comparison — Utilities

Top companies in the same sector by market cap

CompanyMkt CapP/EROCEROED/EOPM
RACE ★₹188 Cr25.8011.51%8.30%0.84x2.16%
WABAG₹9,973 Cr23.1015.00%15.67%0.09x11.02%
IONEXCHANG₹4,311 Cr29.158.35%11.23%0.36x0.03%
EIEL₹3,242 Cr17.7216.71%16.89%0.34x16.69%
EMSLIMITED₹1,615 Cr17.8522.93%8.96%0.15x14.03%
AWHCL₹1,319 Cr17.129.84%10.58%0.50x12.37%

Balance Sheet

All values in ₹ Crores

MetricFY 2025FY 2024FY 2023FY 2022
Total Assets₹182.34₹82.96₹49.18₹33.66
Equity₹71.57₹22.21₹20.57₹19.27
Total Debt₹61.61₹42.52₹15.51₹5.09
Cash₹5.26₹0.43₹3.1₹1.1
Net Debt₹56.24₹36.65₹12.41₹3.77
Working Capital₹36.85₹14.98₹17.65₹16.06

Shareholding Pattern

Q1 FY2027

Promoter
59.92%
FII
0%
DII
0%
Public
40.08%

Quarter-over-Quarter Trend

QuarterPromoterFIIDIIPublic
Q1 FY202759.92% ↑0% ↓0% ↓40.08% ↓
Q3 FY202644.79%0.71% ↓0.58%53.92% ↑
Q2 FY202644.79%0.72% ↑0.58%53.89% ↓
Q1 FY202644.79%0% ↓0.58%54.63% ↑
Q4 FY202544.79%0.01% ↑0.58%54.61% ↓
Q3 FY202544.79%0% ↓0.58%54.63% ↑
Q2 FY202544.79%0.1% ↓0.58% ↑54.51% ↓
Q1 FY202544.79%0.17%0%55.04%

Corporate Actions

No recent corporate actions

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About Race Eco Chain Ltd (RACE) Stock

Race Eco Chain Ltd is listed on the NSE under the Utilities sector, Waste Management industry. ISIN: INE084Q01012. Track live share price, technical analysis, RSI, MACD, PE ratio, and smart money holdings on VestAI — India's AI-powered stock analysis platform.