Nifty

:

24286.50

Sensex

:

79986.80

162.65 (0.67%)
545.35 (0.69%)

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Nifty
Sensex

:
:

24286.50
79986.80

162.65 (0.67%)
545.35 (0.69%)

Race Eco Chain Ltd.

Trading

Rating :

65/99

BSE: 537785 | NSE: RACE

Watchlist

NSE BSE

426.90

03-Jul-2024

Open
High
Low
Previous Close

443.90
443.90
423.90
430.70

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

34198
147.45
460.00
226.10

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

708.23
451.96
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

744.87
N/A
31.86

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

326.34
334.74
356.25

P:BV (Average)

8 Years
5 Years
3 Years

19.23
19.23
20.36

EV:EBITDA (Average)

8 Years
5 Years
3 Years

166.31
186.59
167.31

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 24 Mar 23 Var% Dec 23 Dec 22 Var% Sep 23 Sep 22 Var% Jun 23 Jun 22 Var%
Net Sales 79.47 92.32 -13.92% 69.40 84.81 -18.17% 78.89 49.18 60.41% 110.74 42.78 158.86%
Expenses 78.44 91.48 -14.25% 68.10 84.20 -19.12% 77.61 48.84 58.91% 108.81 42.46 156.26%
EBITDA 1.03 0.84 22.62% 1.30 0.60 116.67% 1.27 0.34 273.53% 1.93 0.31 522.58%
EBIDTM 1.29% 0.91% 1.87% 0.71% 1.61% 0.68% 1.75% 0.73%
Other Income 0.44 0.19 131.58% 0.14 0.15 -6.67% 0.06 0.30 -80.00% 0.03 0.21 -85.71%
Interest 0.75 0.26 188.46% 0.77 0.12 541.67% 0.77 0.19 305.26% 0.55 0.14 292.86%
Depreciation 0.27 0.13 107.69% 0.14 0.11 27.27% 0.13 0.10 30.00% 0.12 0.11 9.09%
PBT 0.45 0.64 -29.69% 0.53 0.52 1.92% 0.43 0.35 22.86% 1.29 0.28 360.71%
Tax 0.21 0.20 5.00% 0.08 0.15 -46.67% 0.13 0.07 85.71% 0.38 0.09 322.22%
PAT 0.24 0.44 -45.45% 0.45 0.36 25.00% 0.30 0.28 7.14% 0.91 0.19 378.95%
PATM 0.30% 0.48% 0.65% 0.43% 0.38% 0.57% 0.82% 0.45%
EPS 0.14 0.27 -48.15% 0.28 0.22 27.27% 0.18 0.17 5.88% 0.55 0.12 358.33%

Description Mar 24 Mar 23 Var% Dec 23 Dec 22 Var% Sep 23 Sep 22 Var% Jun 23 Jun 22 Var%
Net Sales 85.17 92.32 -7.74% 72.68 84.81 -14.30% 78.89 49.18 60.41% 0.00 0.00 0
Expenses 84.13 91.48 -8.03% 71.21 84.20 -15.43% 77.72 48.84 59.13% 0.00 0.00 0
EBITDA 1.04 0.84 23.81% 1.48 0.60 146.67% 1.17 0.34 244.12% 0.00 0.00 0
EBIDTM 1.22% 0.91% 2.03% 0.71% 1.48% 0.68% 0.00% 0.00%
Other Income 0.61 0.19 221.05% 0.15 0.15 0.00% 0.06 0.30 -80.00% 0.00 0.00 0
Interest 0.84 0.26 223.08% 0.77 0.12 541.67% 0.77 0.19 305.26% 0.00 0.00 0
Depreciation 0.41 0.13 215.38% 0.14 0.11 27.27% 0.13 0.10 30.00% 0.00 0.00 0
PBT 0.40 0.64 -37.50% 0.72 0.52 38.46% 0.32 0.35 -8.57% 0.00 0.00 0
Tax 0.28 0.20 40.00% 0.13 0.15 -13.33% 0.11 0.07 57.14% 0.00 0.00 0
PAT 0.12 0.44 -72.73% 0.59 0.36 63.89% 0.22 0.28 -21.43% 0.00 0.00 0
PATM 0.14% 0.48% 0.81% 0.43% 0.28% 0.57% 0.00% 0.00%
EPS 0.07 0.27 -74.07% 0.36 0.22 63.64% 0.13 0.17 -23.53% 0.00 0.00 0

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 - 338.50 269.08 157.21 58.72 15.83 50.19 55.24 35.09 41.81 42.06 Net Sales Growth - 25.80% 71.16% 167.73% 270.94% -68.46% -9.14% 57.42% -16.07% -0.59% Cost Of Goods Sold - 326.44 260.81 152.47 55.47 14.79 48.26 52.68 33.14 39.90 40.61 Gross Profit - 12.06 8.27 4.74 3.25 1.04 1.93 2.57 1.95 1.91 1.45 GP Margin - 3.56% 3.07% 3.02% 5.53% 6.57% 3.85% 4.65% 5.56% 4.57% 3.45% Total Expenditure - 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 - 5.53 2.08 0.18 -0.16 -0.36 -0.16 0.83 0.85 1.01 0.50 EBITDA Margin - 1.63% 0.77% 0.11% -0.27% -2.27% -0.32% 1.50% 2.42% 2.42% 1.19% Other Income - 0.67 0.85 1.62 2.50 1.41 1.18 0.27 0.08 0.07 0.53 Interest - 2.84 0.71 0.42 0.63 0.73 0.57 0.62 0.54 0.69 0.64 Depreciation - 0.66 0.44 0.33 0.23 0.30 0.38 0.44 0.22 0.26 0.25 PBT - 2.70 1.79 1.06 1.47 0.02 0.07 0.05 0.17 0.13 0.13 Tax - 1.13 0.48 0.14 0.48 -0.02 0.02 -0.03 0.05 0.04 0.04 Tax Rate - 41.85% 26.82% 13.21% 32.65% -100.00% 28.57% -60.00% 29.41% 30.77% 30.77% PAT - 1.57 1.30 0.92 1.00 0.04 0.05 0.08 0.12 0.09 0.09 PAT before Minority Interest - 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 PAT Margin - 0.46% 0.48% 0.59% 1.70% 0.25% 0.10% 0.14% 0.34% 0.22% 0.21% PAT Growth - 20.77% 41.30% -8.00% 2,400.00% -20.00% -37.50% -33.33% 33.33% 0.00% EPS - 0.96 0.79 0.56 0.61 0.02 0.03 0.05 0.07 0.05 0.05

Description TTM Mar 24 Mar 23
Net Sales - 347.48 269.08 Net Sales Growth - 29.14% Cost Of Goods Sold - 334.89 260.81 Gross Profit - 12.59 8.27 GP Margin - 3.62% 3.07% Total Expenditure - 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 - 5.77 2.08 EBITDA Margin - 1.66% 0.77% Other Income - 0.70 0.85 Interest - 2.94 0.71 Depreciation - 0.80 0.44 PBT - 2.73 1.79 Tax - 1.18 0.48 Tax Rate - 43.22% 26.82% PAT - 1.55 1.30 PAT before Minority Interest - 1.55 1.30 Minority Interest - 0.00 0.00 PAT Margin - 0.45% 0.48% PAT Growth - 19.23% EPS - 0.95 0.79

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

Top Investors:

runit exim private limited

ashika global finance pvt. ltd

share india algoplus private limited

svp housing limited

share india securities limited

sunstar share brokers private limited

Annual Reports:

News Update:

Race Eco Chain divests entire stake in M/s Abhay Innovative Recycling
28th May 2024, 17:00 PM

The consideration from such sale/ disposal is Rs 3.77 crore
Read More
Race Eco Chain - Quarterly Results
28th May 2024, 15:45 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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