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Race Eco Chain Ltd.
(RACE)
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Rating:46Neutral
Price Target:
₹98.00
▼(-1.90% Downside)
Action:Reiterated
Date:09/06/26
The score is weighed down primarily by weak financial quality (very thin margins, higher leverage, and inconsistent cash generation with negative free cash flow) and bearish technicals (price below all key moving averages with negative MACD). Valuation is moderate based on the P/E, but lacks dividend yield support.
Positive Factors
Multi-year Revenue Expansion
Revenue scaling over several years indicates that the business has expanded its commercial base and generated meaningful growth beyond a single reporting period. This broader operating scale can support future earnings development if the company stabilizes recent revenue momentum.
Negative Factors
Recent Revenue Contraction
The latest annual revenue decline indicates that previously strong expansion has lost momentum, creating a less favorable near-term growth profile. If this contraction persists, it could reduce operating leverage, limit reinvestment capacity, and make earnings improvement harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Expansion
Revenue scaling over several years indicates that the business has expanded its commercial base and generated meaningful growth beyond a single reporting period. This broader operating scale can support future earnings development if the company stabilizes recent revenue momentum.
Read all positive factors
Race Eco Chain Ltd. (RACE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.73B
Dividend YieldN/A
Average Volume (3M)1.78K
Price to Earnings (P/E)22.1
Beta (1Y)1.28
Revenue Growth4.43%
EPS Growth1.09%
CountryIN
Employees46
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)4.48
Shares Outstanding17,257,200
10 Day Avg. Volume717
30 Day Avg. Volume1,785
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
99.90
Price Trends
107.20
Negative
113.20
Negative
120.43
Negative
Market Momentum
-1.98
Negative
43.50
Neutral
19.96
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 99.9 is below the 20-day moving average (MA) of 102.15, below the 50-day MA of 107.20, and below the 200-day MA of 120.43, indicating a bearish trend. The MACD of -1.98 indicates Negative momentum. The RSI at 43.50 is Neutral, neither overbought nor oversold. The STOCH value of 19.96 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 | ₹2.77B | 9.70 | ― | ― | 23.44% | -27.95% | |
57 Neutral | ₹8.16B | 11.86 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹12.93B | 92.00 | ― | 0.06% | ― | ― | |
50 Neutral | ₹38.56B | 63.30 | ― | ― | 48.53% | -59.72% | |
48 Neutral | ₹4.61B | 32.50 | ― | ― | ― | ― | |
46 Neutral | ₹1.73B | 22.11 | ― | ― | 4.43% | 1.09% |
* General Sector Average
IN:RACE
Race Eco Chain Ltd.
100.00
-139.55
-58.26%
IN:ABCOTS
AB Cotspin India Ltd.
210.00
-230.40
-52.32%
IN:PASHUPATI
Pashupati Cotspin Ltd.
81.94
14.59
21.66%
IN:SANATHAN
Sanathan Textiles Limited
456.90
-46.95
-9.32%
IN:BORANA
Borana Weaves Limited
306.40
85.75
38.86%
IN:RNBDENIMS
R&B Denims Ltd
10.28
-23.88
-69.91%
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...
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.