RACE ECO CHAIN LIMITED

BSE: RACE537785ISIN INE084Q01012

Utilities
Waste Management

Share price

₹105.000.00 (0.00%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹215.00
52W low: ₹84.10
Off 52W high: -51.16%
1M return: -3.45%
3M return: -1.04%
6M return: -17.36%
1Y return: -50.08%
20D avg volume: 5,375
50 DMA: ₹105.98
200 DMA: ₹113.97

Key ratios Consolidated

Market cap: ₹181.20 Cr
Current price: ₹105.00
52W high / low: ₹215.00 / ₹84.10
Face value: ₹10.00
P/E: 22.89
P/B: 2.44
EPS (TTM): ₹4.59
Book value / share: ₹42.95
ROE: —
ROCE: 19.70%
Operating margin: —
Net margin: —
Debt / equity: 1.04
Net debt: ₹74.53 Cr
Interest cover: 2.12
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 43.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	191.06	182.48	131.12	148.43	156.73	193.95	168.41	106.29	86.44	—
	0.82	0.53	0.46	0.38	0.29	0.38	0.28	4.39	0.15	—
	191.88	183.00	131.58	148.81	157.02	194.32	168.69	110.68	86.59	—
	190.71	181.22	130.35	147.26	155.72	192.30	166.31	105.62	86.28	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	83.68	—
	189.51	175.69	125.92	143.05	152.02	188.44	163.95	102.89	—	—
	1.12	1.11	0.95	0.90	0.92	0.90	0.87	0.70	0.60	—
	2.47	2.51	2.06	1.98	1.65	1.55	0.75	1.01	0.93	—
	0.76	0.51	0.52	0.52	0.25	0.22	0.18	0.17	0.30	—
	1.34	1.40	0.91	0.81	0.88	1.20	0.53	0.54	0.44	—
	1.17	1.79	1.23	1.55	1.29	2.02	2.38	5.07	0.32	—
	0.22	0.63	1.31	1.32	0.06	0.00	0.00	0.00	0.00	—
	1.40	2.41	2.54	2.87	1.35	2.02	2.38	5.07	0.32	—
	0.36	0.45	0.59	0.10	0.94	0.49	0.60	1.03	0.21	—
	1.03	1.96	1.95	2.97	0.41	1.53	1.77	4.04	0.10	—
	0.60	1.14	1.13	1.72	1.13	0.92	1.03	2.34	0.06	—
Key metrics
	4.63	5.43	5.12	5.37	3.25	3.79	3.31	6.25	1.55	—
	2.40%	3.00%	3.90%	3.60%	2.10%	2.00%	2.00%	5.90%	1.80%	—
	0.50%	1.10%	1.50%	2.00%	0.30%	0.80%	1.10%	3.80%	0.10%	—
	—	5.60%	—	5.40%	—	4.60%	—	—	—	—
	21.90%	-5.90%	-22.10%	39.60%	81.30%	—	—	—	—	—
	151.20%	28.10%	10.20%	-26.50%	310.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	653.09	618.75	555.10	—
	2.19	1.66	0.90	—
	655.27	620.41	555.99	—
	649.54	614.55	550.51	—
	0.00	0.00	0.00	—
	634.17	596.68	538.96	—
	4.08	3.87	3.07	—
	9.02	8.20	4.24	—
	2.31	1.80	0.87	—
	4.46	4.00	3.36	—
	5.74	5.86	5.48	—
	3.48	3.31	0.00	—
	9.22	9.18	5.48	—
	1.50	1.88	1.35	—
	7.91	7.29	4.13	—
	4.59	4.23	2.49	—
Key metrics
	20.55	19.18	10.59	—
	3.15%	3.10%	1.90%	—
	1.21%	1.20%	0.70%	—
	—	19.70%	12.40%	—
	4.43%	11.50%	—	—
	2.06%	76.50%	—	—
	—	6.28	-51.73	—
	—	2.59	-10.38	—
	—	1.04	0.79	—
	—	74.53	56.24	—
	—	43.4	55.6	—
Balance sheet
	—	215.51	182.34	—
	—	155.85	141.02	—
	—	15.43	5.26	—
	—	99.93	119.41	—
	—	2.80	1.24	—
	—	19.35	12.60	—
	—	16.47	10.38	—
	—	29.10	35.98	—
	—	127.08	104.17	—
	—	89.96	61.50	—
	—	88.43	61.50	—
	—	1.53	0.00	—
	—	86.51	77.93	—
Cash flow
	—	18.87	-42.86	—
	—	-28.79	-13.40	—
	—	20.24	61.10	—
	—	12.59	8.87	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	93.17	108.25	78.65	96.11	98.81	139.10	128.74	106.29	86.17	—
	1.04	0.81	0.63	0.55	0.43	0.53	0.34	4.39	0.15	—
	94.22	109.07	79.28	96.66	99.25	139.63	129.07	110.68	86.32	—
	93.44	107.75	78.61	95.76	98.56	138.08	127.22	105.60	85.75	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	102.89	83.41	—
	89.92	103.54	75.30	92.42	95.61	134.90	125.22	—	—	—
	0.64	0.78	0.58	0.69	0.65	0.69	0.69	0.70	0.61	—
	2.11	2.26	1.92	1.87	1.55	1.48	0.73	1.00	0.83	—
	0.43	0.30	0.34	0.30	0.16	0.18	0.17	0.17	0.16	—
	0.73	0.87	0.47	0.48	0.59	0.82	0.37	0.54	0.42	—
	0.78	1.32	0.67	0.90	0.69	1.56	1.85	5.08	0.57	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.78	1.32	0.67	0.90	0.69	1.56	1.85	5.08	0.57	—
	0.17	0.50	0.44	0.26	0.59	0.29	0.46	1.03	0.21	—
	0.61	0.81	0.23	1.15	0.10	1.27	1.38	4.05	0.36	—
	0.35	0.47	0.13	0.67	0.06	0.74	0.80	2.35	0.22	—
Key metrics
	3.32	3.88	2.93	3.07	2.40	3.22	2.75	6.25	1.56	—
	3.60%	3.60%	3.70%	3.20%	2.40%	2.30%	2.10%	5.90%	1.80%	—
	0.70%	0.70%	0.30%	1.20%	0.10%	0.90%	1.10%	3.80%	0.40%	—
	—	5.10%	—	3.90%	—	4.30%	—	—	—	—
	-5.70%	-22.20%	-38.90%	-9.60%	14.70%	—	—	—	—	—
	510.00%	-36.20%	-83.30%	-71.60%	-72.20%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	376.18	381.82	460.30	—
	3.03	2.42	1.11	—
	379.23	384.25	461.41	—
	375.56	380.68	456.65	—
	0.00	0.00	0.00	—
	361.18	366.86	446.43	—
	2.69	2.71	2.69	—
	8.16	7.60	4.05	—
	1.37	1.10	0.68	—
	2.55	2.41	2.81	—
	3.67	3.57	4.76	—
	0.00	0.00	0.00	—
	3.67	3.57	4.76	—
	1.37	1.27	1.01	—
	2.80	2.30	3.76	—
	1.62	1.33	2.23	—
Key metrics
	13.20	12.27	9.49	—
	3.51%	3.20%	2.10%	—
	0.74%	0.60%	0.80%	—
	—	16.00%	12.40%	—
	-20.46%	-17.00%	—	—
	-58.82%	-38.80%	—	—
	—	9.17	-28.80	—
	—	6.11	-7.53	—
	—	1.19	0.82	—
	—	74.12	54.11	—
	—	59.2	-17.5	—
Balance sheet
	—	172.98	154.97	—
	—	127.10	116.59	—
	—	8.16	4.34	—
	—	77.17	0.00	—
	—	0.00	1.09	—
	—	15.57	5.62	—
	—	6.18	2.56	—
	—	15.29	23.24	—
	—	103.34	83.66	—
	—	82.28	58.45	—
	—	82.22	58.45	—
	—	0.06	0.00	—
	—	69.27	71.20	—
Cash flow
	—	14.05	-28.32	—
	—	-26.37	-31.66	—
	—	16.15	63.91	—
	—	4.88	0.48	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -20.46%
Profit YoY (TTM): -58.82%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +4.43%
Profit YoY (TTM): +2.06%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 44.79%

Quarter	September 2026	June 2026
Promoter %	44.79%	44.79%

Holder	Type	Holding	Previous	Change
Sangeeta Pareekh	Promoter	25.03%	25.03%	0.00%
BLP Equity Research Pvt Ltd	Promoter	15.70%	15.70%	0.00%
PUJA MALIK	Public	5.84%	5.84%	0.00%
Dinesh Pareekh	Promoter	4.06%	4.06%	0.00%
GANESHA ECOSPHERE LIMITED	Public	2.64%	2.64%	0.00%
ASHIKA GLOBAL FINANCE PRIVATE LIMITED	Public	2.64%	2.64%	0.00%
GANESHA ECOVERSE LIMITED	Public	1.55%	1.55%	0.00%
SHARE INDIA ALGOPLUS PRIVATE LIMITED	Public	1.16%	1.16%	0.00%
Om Praksh Mantri	Public	1.16%	—	—
Suirendra Kumar Maheshwari	Public	1.03%	—	—
BGP-11 Analytics Pvt Ltd	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
SFC Environmental Technologies Ltd	3,984	406.75	—	—	—	—	—
Refex Industries Limited	3,051	222.30	11.63	21.00%	+47.93% TTM	+69.81% TTM	-40.68%
EMS LIMITED	1,689	304.15	24.61	12.10%	-33.85% TTM	-62.95% TTM	-39.52%
Antony Waste Handling Cell Limited	871	306.80	12.52	11.50%	+11.83% TTM	-32.02% TTM	-40.65%
Eco Recycling Limited	777	402.75	32.44	26.70%	+31.79% TTM	+18.31% TTM	-32.59%
Concord Enviro Systems Limited	466	225.05	-29.68	7.80%	-1.19% TTM	-133.28% TTM	-52.73%
VVIP Infratech Limited	397	159.00	—	16.90%	—	—	+4.95%
ORGANIC RECYCLING SYSTEMS LIMITED	342	219.25	—	16.00%	—	—	+31.52%
RACE ECO CHAIN LIMITED	181	105.00	22.89	19.70%	+4.43% TTM	+2.06% TTM	-50.08%
GEM Enviro Management Limited	86	38.22	—	12.20%	—	—	-29.22%
EP BIOCOMPOSITES LIMITED S	15	88.00	10.15	16.30%	—	—	-31.25%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2026 ,inter alia, to consider and approve Unaudited Financial Results ....31 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI DP Regulations 20187 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on October ....5 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 01, 2026 for Dinesh Pareekh & Others5 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Intimation for the Further Investment in the Subsidiary Company29 Sep 2026 · Company Update / Acquisition
Pls find Enclosed AGM Voting Results along with Scrutinizer Report28 Sep 2026 · AGM/EGM / AGM
Pls find enclosed Outcome of AGM 202626 Sep 2026 · AGM/EGM / AGM
Trading Window Closure for September 2026 Quarter Results24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Observation letter received from the Stock exchange in Draft Composite Scheme of arrangement between Race Eco chain Limited (Demerged Company) and Geoeco Green energy limited (Resultant ....21 Sep 2026 · Company Update / Scheme of Arrangement
Intimation for the further Investment Intimation in Subsidiary Company.8 Sep 2026 · Company Update / Acquisition
Newspaper Publication on Completion of Dispatch of Notice of AGM3 Sep 2026 · Company Update / Newspaper Publication
Please Find attached Letter for Dispatched of Annual Report 2025-20261 Sep 2026 · Company Update / General
Intimation for the Book Closure, Cut off Date and Remote E-voting for AGM1 Sep 2026 · Corp. Action / Book Closure
Annual Report for the Financial Year 2025-20261 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please Find enclosed Notice of AGM 20261 Sep 2026 · AGM/EGM / AGM
Intimation for the Show Cause Notice.31 Aug 2026 · Company Update / General
Newspaper Publication on conducting the AGM through VC/OVAM26 Aug 2026 · Company Update / Newspaper Publication
Intimation for the Investment in the Subsidiary Company14 Aug 2026 · Company Update / Acquisition
Newspaper Publication of June 2026 Financial Results13 Aug 2026 · Company Update / Newspaper Publication
Pls find Intimation for the Re-appointment of Managing Director12 Aug 2026 · Company Update / General
Appointment of Internal Auditor for the F.Y 2026-202712 Aug 2026 · Company Update / Meeting Updates
Pls find enclosed the Intimation for the appointment of the Statutory Auditor subject to the approval of the Shareholders12 Aug 2026 · Company Update / Appointment of Statutory Auditor/s
Pls find enclosed Financial Results for June 30-06-202612 Aug 2026 · Result / Financial Results
Please find attached Outcome of the Boar Meeting 12-08-202612 Aug 2026 · Board Meeting / Outcome of Board Meeting
Pls Find attached Updates on Disinvestment intimation made on 30th June, 2026.12 Aug 2026 · Company Update / Diversification / Disinvestment
Race Eco Chain Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....5 Aug 2026 · Board Meeting / Board Meeting
Intimation for the Corporate Guarantee3 Aug 2026 · Company Update / Meeting Updates
Intimation of Further Investment in the Subsidiary Company Ganesha Recycling Chain Private Limited.17 Jul 2026 · Company Update / Acquisition
Certificate under Reg 74(5) of SEBI DP Regulation 20184 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Participation in 3rd Global Conclave on Plastic Recycling and Sustainability.2 Jul 2026 · Company Update / General
Pls find attached Intimation of sale of 0.99% stake from the Associate Company M/s. prime Industries Limited30 Jun 2026 · Company Update / Diversification / Disinvestment
Pls find attached Intimation for Trading Window Closer25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Investor Presentation on Quarter and Financial Year ended on 31st March, 2026.19 Jun 2026 · Company Update / Investor Presentation
Race Eco is Participation in BIOFUEL EXPO 2026 the intimation is attached3 Jun 2026 · Company Update / General
Pls find attached Newspaper Publication on Financial Results 31st March, 202631 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report 202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Pls find enclosed Financial Results30 May 2026 · Result / Financial Results
Appointment of Mr. Sujeet Thakur as CFO of the Company.30 May 2026 · Company Update / Change in Management
Pls find attached Financial Results30 May 2026 · Result / Financial Results
Pls find attached Outcome of the Meeting30 May 2026 · Board Meeting / Outcome of Board Meeting

Board meetings

13 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results