Nifty

:

23587.50

Sensex

:

78041.59

-364.20 (-1.52%)
-1176.46 (-1.49%)

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Nifty
Sensex

:
:

23587.50
78041.59

-364.20 (-1.52%)
-1176.46 (-1.49%)

Race Eco Chain Ltd.

Trading

Rating :

N/A

BSE: 537785 | NSE: RACE

Watchlist

NSE BSE

339.65

20-Dec-2024

Open
High
Low
Previous Close

346.65
348.30
338.00
346.70

Volume
Traded Value (lacs)
52 Week High
52 Week Low

7066
24.23
460.00
298.10

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

590.37
121.80
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

586.72
N/A
10.60

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

23.19
84.51
29.13

EBITDA CAGR (%)

10 Years
5 Years
3 Years

27.17
-
98.38

PAT CAGR (%)

10 Years
5 Years
3 Years

33.10
108.34
19.50

P:E (Median)

8 Years
5 Years
3 Years

452.71
452.71
452.71

P:BV (Average)

8 Years
5 Years
3 Years

18.91
18.91
18.91

EV:EBITDA (Average)

8 Years
5 Years
3 Years

86.74
86.74
86.74

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 106.29 78.89 34.73% 86.17 110.74 -22.19% 79.47 92.32 -13.92% 69.40 84.81 -18.17%
Expenses 104.43 77.61 34.56% 84.75 108.81 -22.11% 78.44 91.48 -14.25% 68.10 84.20 -19.12%
EBITDA 1.86 1.27 46.46% 1.42 1.93 -26.42% 1.03 0.84 22.62% 1.30 0.60 116.67%
EBIDTM 1.75% 1.61% 1.65% 1.75% 1.29% 0.91% 1.87% 0.71%
Other Income 4.39 0.06 7,216.67% 0.15 0.03 400.00% 0.44 0.19 131.58% 0.14 0.15 -6.67%
Interest 1.00 0.77 29.87% 0.84 0.55 52.73% 0.75 0.26 188.46% 0.77 0.12 541.67%
Depreciation 0.17 0.13 30.77% 0.16 0.12 33.33% 0.27 0.13 107.69% 0.14 0.11 27.27%
PBT 5.08 0.43 1,081.40% 0.57 1.29 -55.81% 0.45 0.64 -29.69% 0.53 0.52 1.92%
Tax 1.03 0.13 692.31% 0.21 0.38 -44.74% 0.21 0.20 5.00% 0.08 0.15 -46.67%
PAT 4.05 0.30 1,250.00% 0.36 0.91 -60.44% 0.24 0.44 -45.45% 0.45 0.36 25.00%
PATM 3.81% 0.38% 0.42% 0.82% 0.30% 0.48% 0.65% 0.43%
EPS 2.34 0.17 1,276.47% 0.21 0.52 -59.62% 0.14 0.26 -46.15% 0.26 0.21 23.81%

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 106.29 78.89 34.73% 86.44 110.74 -21.94% 85.17 92.32 -7.74% 72.68 84.81 -14.30%
Expenses 104.43 77.72 34.37% 85.05 108.81 -21.84% 84.13 91.48 -8.03% 71.21 84.20 -15.43%
EBITDA 1.86 1.17 58.97% 1.40 1.93 -27.46% 1.04 0.84 23.81% 1.48 0.60 146.67%
EBIDTM 1.75% 1.48% 1.62% 1.75% 1.22% 0.91% 2.03% 0.71%
Other Income 4.39 0.06 7,216.67% 0.15 0.03 400.00% 0.61 0.19 221.05% 0.15 0.15 0.00%
Interest 1.01 0.77 31.17% 0.93 0.55 69.09% 0.84 0.26 223.08% 0.77 0.12 541.67%
Depreciation 0.17 0.13 30.77% 0.30 0.12 150.00% 0.41 0.13 215.38% 0.14 0.11 27.27%
PBT 5.06 0.32 1,481.25% 0.32 1.29 -75.19% 0.40 0.64 -37.50% 0.72 0.52 38.46%
Tax 1.03 0.11 836.36% 0.21 0.38 -44.74% 0.28 0.20 40.00% 0.13 0.15 -13.33%
PAT 4.03 0.22 1,731.82% 0.10 0.91 -89.01% 0.12 0.44 -72.73% 0.59 0.36 63.89%
PATM 3.80% 0.28% 0.12% 0.82% 0.14% 0.48% 0.81% 0.43%
EPS 2.34 0.13 1,700.00% 0.06 0.55 -89.09% 0.07 0.27 -74.07% 0.36 0.22 63.64%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 341.33 338.50 269.08 157.21 58.72 15.83 50.19 55.24 35.09 41.81 42.06 Net Sales Growth -6.93% 25.80% 71.16% 167.73% 270.94% -68.46% -9.14% 57.42% -16.07% -0.59% Cost Of Goods Sold 329.18 326.44 260.81 152.47 55.47 14.79 48.26 52.68 33.14 39.90 40.61 Gross Profit 12.15 12.06 8.27 4.74 3.25 1.04 1.93 2.57 1.95 1.91 1.45 GP Margin 3.56% 3.56% 3.07% 3.02% 5.53% 6.57% 3.85% 4.65% 5.56% 4.57% 3.45% Total Expenditure 335.72 332.97 267.00 157.03 58.88 16.19 50.35 54.41 34.24 40.80 41.56 Power & Fuel Cost - 0.30 0.26 0.11 0.09 0.07 0.06 0.04 0.09 0.09 0.09 % Of Sales - 0.09% 0.10% 0.07% 0.15% 0.44% 0.12% 0.07% 0.26% 0.22% 0.21% Employee Cost - 1.96 2.20 1.63 1.00 0.71 0.77 0.80 0.56 0.36 0.39 % Of Sales - 0.58% 0.82% 1.04% 1.70% 4.49% 1.53% 1.45% 1.60% 0.86% 0.93% Manufacturing Exp. - 2.37 1.95 1.11 0.02 0.00 0.00 0.00 0.04 0.04 0.10 % Of Sales - 0.70% 0.72% 0.71% 0.03% 0% 0% 0% 0.11% 0.10% 0.24% General & Admin Exp. - 1.52 1.57 1.06 0.64 0.55 0.69 0.55 0.34 0.26 0.38 % Of Sales - 0.45% 0.58% 0.67% 1.09% 3.47% 1.37% 1.00% 0.97% 0.62% 0.90% Selling & Distn. Exp. - 0.13 0.10 0.36 0.90 0.03 0.28 0.34 0.07 0.10 0.00 % Of Sales - 0.04% 0.04% 0.23% 1.53% 0.19% 0.56% 0.62% 0.20% 0.24% 0% Miscellaneous Exp. - 0.25 0.11 0.27 0.76 0.04 0.29 0.00 0.00 0.05 0.00 % Of Sales - 0.07% 0.04% 0.17% 1.29% 0.25% 0.58% 0% 0% 0.12% 0% EBITDA 5.61 5.53 2.08 0.18 -0.16 -0.36 -0.16 0.83 0.85 1.01 0.50 EBITDA Margin 1.64% 1.63% 0.77% 0.11% -0.27% -2.27% -0.32% 1.50% 2.42% 2.42% 1.19% Other Income 5.12 0.67 0.85 1.62 2.50 1.41 1.18 0.27 0.08 0.07 0.53 Interest 3.36 2.84 0.71 0.42 0.63 0.73 0.57 0.62 0.54 0.69 0.64 Depreciation 0.74 0.66 0.44 0.33 0.23 0.30 0.38 0.44 0.22 0.26 0.25 PBT 6.63 2.70 1.79 1.06 1.47 0.02 0.07 0.05 0.17 0.13 0.13 Tax 1.53 1.13 0.48 0.14 0.48 -0.02 0.02 -0.03 0.05 0.04 0.04 Tax Rate 23.08% 41.85% 26.82% 13.21% 32.65% -100.00% 28.57% -60.00% 29.41% 30.77% 30.77% PAT 5.10 1.57 1.30 0.92 1.00 0.04 0.05 0.08 0.12 0.09 0.09 PAT before Minority Interest 5.10 1.57 1.30 0.92 1.00 0.04 0.05 0.08 0.12 0.09 0.09 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 1.49% 0.46% 0.48% 0.59% 1.70% 0.25% 0.10% 0.14% 0.34% 0.22% 0.21% PAT Growth 153.73% 20.77% 41.30% -8.00% 2,400.00% -20.00% -37.50% -33.33% 33.33% 0.00% EPS 2.95 0.91 0.75 0.53 0.58 0.02 0.03 0.05 0.07 0.05 0.05

Description TTM Mar 24 Mar 23
Net Sales 350.58 347.48 269.08 Net Sales Growth -4.41% 29.14% Cost Of Goods Sold 337.90 334.89 260.81 Gross Profit 12.68 12.59 8.27 GP Margin 3.62% 3.62% 3.07% Total Expenditure 344.82 341.71 267.00 Power & Fuel Cost - 0.30 0.26 % Of Sales - 0.09% 0.10% Employee Cost - 1.96 2.20 % Of Sales - 0.56% 0.82% Manufacturing Exp. - 2.38 1.95 % Of Sales - 0.68% 0.72% General & Admin Exp. - 1.57 1.57 % Of Sales - 0.45% 0.58% Selling & Distn. Exp. - 0.25 0.10 % Of Sales - 0.07% 0.04% Miscellaneous Exp. - 0.36 0.11 % Of Sales - 0.10% 0.04% EBITDA 5.78 5.77 2.08 EBITDA Margin 1.65% 1.66% 0.77% Other Income 5.30 0.70 0.85 Interest 3.55 2.94 0.71 Depreciation 1.02 0.80 0.44 PBT 6.50 2.73 1.79 Tax 1.65 1.18 0.48 Tax Rate 25.38% 43.22% 26.82% PAT 4.84 1.55 1.30 PAT before Minority Interest 4.84 1.55 1.30 Minority Interest 0.00 0.00 0.00 PAT Margin 1.38% 0.45% 0.48% PAT Growth 150.78% 19.23% EPS 2.80 0.90 0.75

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 22.23 20.57 19.27 18.11 17.12 17.08 17.03 16.95 16.83 16.73 Share Capital 16.43 16.43 16.43 16.43 16.43 16.43 16.43 16.43 16.43 16.43 Total Reserves 5.80 4.14 2.83 1.68 0.69 0.65 0.60 0.52 0.39 0.30 Non-Current Liabilities 0.14 0.10 0.09 0.20 0.21 0.19 0.24 0.09 0.09 0.10 Secured Loans 0.00 0.20 0.00 0.05 0.05 0.09 0.14 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 0.10 0.15 0.10 0.28 0.28 0.16 0.11 0.00 0.00 0.00 Current Liabilities 50.91 28.26 14.11 13.73 9.44 17.91 21.41 7.05 14.08 7.46 Trade Payables 12.87 11.72 7.51 5.27 1.06 9.43 13.24 0.38 9.61 1.54 Other Current Liabilities 0.32 0.59 1.54 1.23 1.59 1.61 3.87 1.05 0.10 0.17 Short Term Borrowings 36.84 15.24 4.87 6.62 6.69 6.80 4.24 5.57 4.32 5.71 Short Term Provisions 0.88 0.72 0.19 0.61 0.10 0.07 0.07 0.05 0.04 0.04 Total Liabilities 73.28 48.93 33.47 32.04 26.77 35.18 38.68 24.09 31.00 24.29 Net Block 2.79 2.91 2.64 1.07 1.61 1.77 2.08 2.44 2.12 2.52 Gross Block 6.02 5.21 4.50 2.60 3.87 1.77 3.66 3.58 3.05 3.27 Accumulated Depreciation 3.23 2.30 1.86 1.53 2.25 0.00 1.58 1.15 0.93 0.74 Non Current Assets 8.26 3.03 3.30 1.19 10.42 11.95 7.89 2.48 2.19 2.71 Capital Work in Progress 0.00 0.00 0.00 0.10 0.00 0.04 0.00 0.00 0.00 0.00 Non Current Investment 5.20 0.00 0.00 0.00 0.15 0.15 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 0.11 0.11 0.04 0.01 8.66 9.98 5.81 0.04 0.06 0.19 Other Non Current Assets 0.16 0.01 0.62 0.01 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 65.02 45.90 30.17 30.87 16.35 23.23 30.79 21.61 28.80 21.57 Current Investments 0.00 0.00 0.00 0.00 5.40 4.19 0.26 0.18 0.18 0.18 Inventories 0.83 0.62 0.29 4.44 3.79 6.75 10.43 0.52 10.90 3.55 Sundry Debtors 53.22 36.65 17.21 14.57 6.31 9.90 15.42 18.47 15.90 9.38 Cash & Bank 0.40 3.10 1.10 4.13 0.18 0.32 0.14 0.05 0.01 0.01 Other Current Assets 10.56 0.03 0.32 1.15 0.66 2.07 4.54 2.39 1.82 8.45 Short Term Loans & Adv. 10.54 5.52 11.25 6.58 0.55 1.99 4.12 2.32 0.00 0.00 Net Current Assets 14.11 17.65 16.06 17.13 6.91 5.33 9.38 14.56 14.73 14.11 Total Assets 73.28 48.93 33.47 32.06 26.77 35.18 38.68 24.09 30.99 24.28

Description Mar 24 Mar 23
Shareholder's Funds 22.21 20.57 Share Capital 16.43 16.43 Total Reserves 5.78 4.14 Non-Current Liabilities 5.36 0.10 Secured Loans 0.00 0.20 Unsecured Loans 0.00 0.00 Long Term Provisions 0.10 0.15 Current Liabilities 55.36 28.26 Trade Payables 16.76 11.72 Other Current Liabilities 0.57 0.59 Short Term Borrowings 37.08 15.24 Short Term Provisions 0.95 0.72 Total Liabilities 82.96 48.93 Net Block 8.22 2.91 Gross Block 11.59 5.21 Accumulated Depreciation 3.37 2.30 Non Current Assets 12.62 3.03 Capital Work in Progress 2.63 0.00 Non Current Investment 1.41 0.00 Long Term Loans & Adv. 0.20 0.11 Other Non Current Assets 0.16 0.01 Current Assets 70.34 45.90 Current Investments 0.00 0.00 Inventories 0.96 0.62 Sundry Debtors 55.11 36.65 Cash & Bank 0.44 3.10 Other Current Assets 13.84 0.03 Short Term Loans & Adv. 13.82 5.52 Net Current Assets 14.98 17.65 Total Assets 82.96 48.93

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity -10.09 -14.59 4.86 -5.10 -3.99 6.58 7.61 -0.16 1.81 -8.08 PBT 2.70 1.79 1.06 1.47 0.04 0.05 0.08 0.12 0.13 0.13 Adjustment 3.11 1.19 -0.42 -0.37 -3.74 0.87 0.88 0.76 0.96 0.44 Changes in Working Capital -15.90 -17.57 4.81 -6.20 -0.29 5.73 6.62 -1.04 0.77 -8.64 Cash after chg. in Working capital -10.09 -14.59 5.45 -5.10 -3.99 6.65 7.59 -0.16 1.86 -8.06 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid 0.00 0.00 -0.59 0.00 0.00 -0.06 0.02 0.00 -0.04 -0.02 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -11.10 6.65 -5.76 9.76 4.73 -8.34 -5.86 -0.51 0.25 6.63 Net Fixed Assets -0.81 -0.71 -1.80 1.17 -2.06 1.85 -0.08 -0.53 0.22 -0.25 Net Investments -5.20 0.00 0.00 5.55 -1.21 -4.08 -0.08 0.00 0.00 0.00 Others -5.09 7.36 -3.96 3.04 8.00 -6.11 -5.70 0.02 0.03 6.88 Cash from Financing Activity 18.49 9.94 -1.99 -0.71 -0.87 1.94 -1.66 0.71 -2.07 1.44 Net Cash Inflow / Outflow -2.69 2.00 -2.88 3.95 -0.14 0.18 0.09 0.05 0.00 -0.01 Opening Cash & Equivalents 3.10 1.10 4.12 0.18 0.32 0.14 0.05 0.01 0.01 0.02 Closing Cash & Equivalent 0.40 3.10 1.24 4.14 0.18 0.32 0.14 0.05 0.01 0.01

Description Mar 24 Mar 23
Cash From Operating Activity -8.53 -14.59 PBT 2.73 1.79 Adjustment 3.32 1.19 Changes in Working Capital -14.58 -17.57 Cash after chg. in Working capital -8.53 -14.59 Interest Paid 0.00 0.00 Tax Paid 0.00 0.00 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -18.21 6.65 Net Fixed Assets -0.81 Net Investments -5.20 Others -12.20 Cash from Financing Activity 24.07 9.94 Net Cash Inflow / Outflow -2.66 2.00 Opening Cash & Equivalents 3.10 1.10 Closing Cash & Equivalent 0.44 3.10

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 13.53 12.52 11.72 11.02 10.42 10.40 10.36 10.32 10.24 10.18 ROA 2.56% 3.17% 2.80% 3.39% 0.12% 0.14% 0.26% 0.45% 0.32% 0.36% ROE 7.32% 6.55% 4.91% 5.66% 0.22% 0.30% 0.47% 0.73% 0.54% 0.54% ROCE 11.64% 8.29% 6.04% 8.66% 3.10% 2.82% 3.04% 3.27% 3.72% 3.62% Fixed Asset Turnover 60.28 55.44 44.31 18.17 5.62 18.50 15.27 10.58 13.23 13.38 Receivable days 48.45 36.53 36.90 64.91 186.99 92.10 111.99 178.76 110.37 88.01 Inventory Days 0.78 0.62 5.49 25.57 121.48 62.44 36.16 59.38 63.07 34.92 Payable days 13.75 13.45 15.29 20.81 147.62 89.39 38.62 76.35 42.16 33.16 Cash Conversion Cycle 35.49 23.69 27.09 69.66 160.84 65.15 109.52 161.79 131.27 89.76 Total Debt/Equity 1.66 0.75 0.25 0.37 0.40 0.41 0.27 0.33 0.26 0.34 Interest Cover 1.95 3.53 3.55 3.32 1.02 1.12 1.08 1.32 1.18 1.21

Description Mar 24 Mar 23
Book Value (Rs.) 13.52 12.52 ROA 2.35% 2.67% ROE 7.23% 6.34% ROCE 11.88% 6.92% Fixed Asset Turnover 41.38 51.68 Receivable days 48.19 49.71 Inventory Days 0.83 0.83 Payable days 15.52 16.40 Cash Conversion Cycle 33.50 34.15 Total Debt/Equity 1.67 0.75 Interest Cover 1.93 3.53

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