About
Race Eco Chain Limited, together with its subsidiaries, engages in waste management activities in India. It operates through Misc. Old Economy Products, Recycle Division, Restore Division, Biomass Division, and IT Division segments. The company is involved in the collection and supply of recyclable waste, such as PET plastic bottle waste, non-PET plastic recycling, wastepaper, metal waste, and other wastes; and sale of biomass briquettes, such as mustard, sawdust, and groundnut briquettes. It also engages in supply chain management services; manufacture of various recycled products, including bags, cushions, curtains, table mats, home furnishing, madeup, and garments under the Restore brand; sale of fabric and other textile products; and development of IT enabled applications. The company offers its services to brands, recyclers, and waste suppliers. The company was formerly known as Anisha Impex Limited and changed its name to Race Eco Chain Limited in January 2021. Race Eco Chain Limited was incorporated in 1999 and is based in Ghaziabad, India.
Key Metrics
as of Sep 2026Market Cap168 Cr
P/E22.40
Div Yield0.00 %
Book Value₹43.00
52w High₹258.00
52w Low₹84.10
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 93.18 | 108.25 | 78.65 | 96.11 | 98.81 | 139.10 | 128.74 | 106.29 | 86.17 | 79.47 | 69.40 | 78.88 | 110.74 |
| Expenses | 90.90 | 105.18 | 76.35 | 93.59 | 96.84 | 136.41 | 126.34 | 104.44 | 84.75 | 78.44 | 68.10 | 77.61 | 108.81 |
| Operating Profit | 2.28 | 3.07 | 2.30 | 2.52 | 1.97 | 2.69 | 2.40 | 1.85 | 1.42 | 1.03 | 1.30 | 1.27 | 1.93 |
| OPM % | 2.45 | 2.84 | 2.92 | 2.62 | 1.99 | 1.93 | 1.86 | 1.74 | 1.65 | 1.30 | 1.87 | 1.61 | 1.74 |
| Other Income | 1.04 | 0.81 | 0.63 | 0.55 | 0.43 | 0.53 | 0.34 | 0.10 | 0.15 | 0.44 | 0.14 | 0.06 | 0.03 |
| Depreciation | 0.43 | 0.30 | 0.34 | 0.30 | 0.16 | 0.18 | 0.17 | 0.17 | 0.16 | 0.27 | 0.14 | 0.13 | 0.12 |
| Interest | 2.11 | 2.26 | 1.92 | 1.87 | 1.55 | 1.48 | 0.73 | 1.00 | 0.83 | 0.75 | 0.77 | 0.77 | 0.55 |
| Profit before tax | 0.78 | 1.32 | 0.67 | 0.90 | 0.69 | 1.56 | 1.84 | 0.78 | 0.58 | 0.45 | 0.53 | 0.43 | 1.29 |
| Tax % | 21.79 | 37.88 | 65.67 | -28.89 | 85.51 | 18.59 | 25.00 | 5.13 | 37.93 | 46.67 | 13.21 | 32.56 | 29.46 |
| Net Profit | 0.61 | 0.81 | 0.23 | 1.15 | 0.10 | 1.27 | 1.38 | 0.74 | 0.36 | 0.24 | 0.45 | 0.30 | 0.91 |
| EPS in Rs | 0.35 | 0.47 | 0.13 | 0.67 | 0.06 | 0.74 | 0.80 | 0.43 | 0.22 | 0.15 | 0.27 | 0.18 | 0.55 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 382.00 | 460.00 | 338.00 | 269.00 | 157.00 | 59.00 | 16.00 | 50.00 | 55.00 | 35.00 | 42.00 | 42.00 |
| Expenses | 372.00 | 452.00 | 333.00 | 267.00 | 157.00 | 59.00 | 16.00 | 50.00 | 54.00 | 34.00 | 41.00 | 42.00 |
| Operating Profit | 10.00 | 8.00 | 6.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| OPM % | 2.60 | 1.80 | 1.60 | 0.80 | 0.10 | 0.20 | -2.30 | -0.30 | 1.50 | 2.50 | 2.40 | 1.20 |
| Other Income | 2.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Interest | 8.00 | 4.00 | 3.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 4.00 | 5.00 | 3.00 | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax % | 36.00 | 21.00 | 42.00 | 27.00 | 14.00 | 32.00 | -100.00 | 29.00 | -75.00 | 29.00 | 31.00 | 29.00 |
| Net Profit | 2.00 | 4.00 | 2.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS in Rs | 1.33 | 2.18 | 0.96 | 0.79 | 0.56 | 0.61 | 0.02 | 0.03 | 0.05 | 0.07 | 0.05 | 0.05 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17.00 | 17.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Reserves | 52.00 | 54.00 | 6.00 | 4.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Borrowings | 82.00 | 59.00 | 37.00 | 16.00 | 5.00 | 7.00 | 7.00 | 7.00 | 5.00 | 6.00 | 4.00 | 6.00 |
| Other Liabilities | 21.00 | 25.00 | 14.00 | 13.00 | 9.00 | 7.00 | 3.00 | 11.00 | 17.00 | 2.00 | 10.00 | 2.00 |
| Total Liabilities | 173.00 | 155.00 | 73.00 | 49.00 | 34.00 | 32.00 | 27.00 | 35.00 | 39.00 | 24.00 | 31.00 | 24.00 |
| Fixed Assets | 6.00 | 3.00 | 3.00 | 3.00 | 3.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 22.00 | 21.00 | 5.00 | 0.00 | 0.00 | 0.00 | 6.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 145.00 | 131.00 | 65.00 | 46.00 | 31.00 | 31.00 | 20.00 | 29.00 | 36.00 | 21.00 | 29.00 | 22.00 |
| Total Assets | 173.00 | 155.00 | 73.00 | 49.00 | 34.00 | 32.00 | 27.00 | 35.00 | 39.00 | 24.00 | 31.00 | 24.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14.00 | -28.00 | -10.00 | -15.00 | 5.00 | -5.00 | -4.00 | 7.00 | 8.00 | 0.00 | 2.00 | -8.00 |
| Cash from Investing Activity | -26.00 | -32.00 | -11.00 | 7.00 | -6.00 | 10.00 | 5.00 | -8.00 | -6.00 | -1.00 | 0.00 | 7.00 |
| Cash from Financing Activity | 16.00 | 64.00 | 19.00 | 10.00 | -2.00 | -1.00 | -1.00 | 2.00 | -2.00 | 1.00 | -2.00 | 1.00 |
| Net Cash Flow | 4.00 | 4.00 | -3.00 | 2.00 | -3.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | 9.00 | -29.00 | -11.00 | -15.00 | 4.00 | -5.00 | 0.00 | 6.00 | 8.00 | -1.00 | 2.00 | -8.00 |
| CFO/OP % | 154.00 | -326.00 | -181.00 | -698.00 | 2,868.00 | -5,100.00 | 1,108.00 | -5,108.00 | 914.00 | -19.00 | 181.00 | -1,612.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74.00 | 75.00 | 57.00 | 50.00 | 40.00 | 91.00 | 146.00 | 72.00 | 102.00 | 192.00 | 139.00 | 81.00 |
| Inventory Days | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | — | — | 63.00 | 86.00 | 6.00 | 100.00 | 32.00 |
| Days Payable | — | 19.00 | 14.00 | 16.00 | 18.00 | — | — | 88.00 | 109.00 | 4.00 | 88.00 | 14.00 |
| Cash Conversion Cycle | 74.00 | 57.00 | 44.00 | 34.00 | 22.00 | 91.00 | 146.00 | 47.00 | 79.00 | 194.00 | 151.00 | 99.00 |
| Working Capital Days | 15.00 | 23.00 | 15.00 | 20.00 | 35.00 | 81.00 | 30.00 | 6.00 | 59.00 | 149.00 | 127.00 | 121.00 |
| ROCE % | 8.00 | 9.00 | 12.00 | 8.00 | 4.00 | 10.00 | 2.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 |
Corporate Actions
3 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 26 Jun 2024 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 04 Jan 2021 | — | — | — | E.G.M. |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update3 Aug from crisil
-
Rating update30 May 2025 from crisil
-
Rating update31 Aug 2020 from crisil
-
Rating update31 Jul 2020 from crisil
-
Rating update19 Aug 2019 from crisil
-
Rating update17 May 2019 from crisil