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RACE

Race Eco Chain Limited Share Price

Live price, chart and which mutual funds hold this stock

TopFund Score: 47/100 · Weak See breakdown ↓
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as of —

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Day Open

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Day High

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Day Low

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NSE Close — 25 Sep 2026

₹117.9

Change

+1.92 (1.66%)

Open

₹117.5

Prev. Close

₹115.98

Day High

₹124.98

Day Low

₹112.0

Volume Analysis

Traded

136,785

Delivered

36,894

Delivery %

26.97%

End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.

Strengths, Weaknesses, Opportunities & Threats

Strengths (0)

No signal for this stock

Weaknesses (4)

  • •High debt-to-equity ratio (1.22)
  • •Low return on equity (9.28%)
  • •Below-average fundamentals quality score (47/100)
  • •Low operating margin (2.3%)

Opportunities (2)

  • •Strong 3-year EPS growth (70.6%)
  • •Strong 3-year revenue growth (32.0%)

Threats (0)

No signal for this stock

Rule-based signals from the fundamentals below — not investment advice.

Pivot Levels

Type R3 R2 R1 Pivot S1 S2 S3
Classic ₹137.56 ₹131.27 ₹124.58 ₹118.29 ₹111.6 ₹105.31 ₹98.62
Fibonacci ₹131.27 ₹126.31 ₹123.25 ₹118.29 ₹113.33 ₹110.27 ₹105.31
Camarilla ₹121.47 ₹120.28 ₹119.09 ₹118.29 ₹116.71 ₹115.52 ₹114.33

Support/resistance levels for today, calculated from the previous trading day's high/low/close.

Absolute Returns

YTD

-17.18%

1 Week

+17.91%

1 Month

+17.26%

3 Months

+5.76%

6 Months

+14.18%

1 Year

-46.25%

2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.

Stock Vitals

Computed from the latest available annual financials.

Graham Number

₹61.58

Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.

DuPont ROE Breakdown

10.31%

Net margin 1.23% × asset turnover 2.87x × equity multiplier 2.92x

Company Overview

Sector

Utilities

Market Cap

₹203 Cr

P/E (TTM)

27.1

ROE

9.28%

Book Value

₹43.0

Face Value

₹10.0

Source: Screener.in (Consolidated figures) — data as of 26 Sep 2026. Not investment advice.

TopFund Analysis

Race Eco Chain Limited scores weakly on TopFund's composite fundamentals check within the Utilities sector, at 47/100. The strongest factor is Growth (100/100), while Liquidity (10/100) is the weakest area to weigh before deciding. Notably: High debt-to-equity ratio (1.22); low return on equity (9.28%). Strong 3-year EPS growth (70.6%).

TopFund Score — Fundamentals Quality

47/100 — Weak

Data confidence: 77/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.

As of 27 Sep 2026 · How we calculate this →

Financial Strength

46

Growth

100

Valuation

47

Cash Flow

53

Corporate Governance

56

Momentum

22

Institutional Ownership

40

Business Quality

34

Risk & Volatility

37

Liquidity

10

From Screener.in

  • −Stock is trading at 2.74 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 8.66% over last 3 years.
  • −Earnings include an other income of Rs.5.66 Cr.

Not investment advice — an automated read of public fundamentals data, for research context only.

Corporate Actions

Shareholder Meeting / Postal Ballot-Outcome of AGM 26 Sep 26 Sep
Closure of Trading Window 24 Sep

Trading window closes from 1 Oct 2026 until 48 hours after Q2 FY26 results.

Announcement under Regulation 30 (LODR)-Scheme of Arrangement 21 Sep

BSE/NSE issued no-objection letters for Race Eco Chain’s demerger scheme with Geoeco Green Energy and Race Gateway.

Announcement under Regulation 30 (LODR)-Acquisition 08 Sep

Race Eco Chain invests Rs 4.67 crore in subsidiary Ganesha Recycling Chain via 93,379 CCPS.

Announcement under Regulation 30 (LODR)-Newspaper Publication 03 Sep

Newspaper Publication on Completion of Dispatch of Notice of AGM

Source: BSE regulatory filings, via Screener.in.

Quarterly Results

Last several quarters

  Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Sales + 111 79 73 85 86 106 168 194 157 148 131 182 191
Expenses + 109 78 71 84 85 104 165 191 154 145 128 178 187
Operating Profit 2 1 1 1 1 2 3 3 3 4 3 4 4
OPM % 1.74% 1.48% 2.04% 1.22% 1.62% 1.74% 1.8% 1.76% 1.86% 2.47% 2.55% 2.35% 1.87%
Other Income + 0 0 0 1 0 0 0 0 0 2 2 1 1
Interest 1 1 1 1 1 1 1 2 2 2 2 3 2
Depreciation 0 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 1 0 1 0 0 1 2 2 1 3 3 2 1
Tax % 29.46% 33.33% 18.06% 70.0% 68.75% 5.19% 25.63% 23.56% 69.12% -3.14% 23.14% 18.67% 25.9%
Net Profit + 1 0 1 0 0 1 2 2 0 3 2 2 1
EPS in Rs 1 0 0 0 0 0 1 1 0 2 1 1 1
Raw PDF — — — — — — — — — — — — —

Source: Screener.in — figures in ₹ Crores unless marked %.

Profit & Loss (Yearly)

  Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Sales + 269 347 555 619 653
Expenses + 267 342 545 604 638
Operating Profit 2 6 10 14 15
OPM % 0.8% 1.7% 1.8% 2.3% 2.3%
Other Income + 1 1 1 5 6
Interest 1 3 4 8 9
Depreciation 0 1 1 2 2
Profit before tax 2 3 6 9 9
Tax % 27.0% 43.0% 24.0% 21.0% —
Net Profit + 1 2 4 7 8
EPS in Rs 1 1 2 4 4
Dividend Payout % 0.0% 0.0% 0.0% 0.0% —

Source: Screener.in — figures in ₹ Crores unless marked %.

Balance Sheet

  Mar 2023 Mar 2024 Mar 2025 Mar 2026
Reserves 4 6 54 57
Borrowings + 16 43 62 90
Other Liabilities + 13 18 49 51
Total Liabilities 49 83 182 216
Fixed Assets + 3 3 10 17
CWIP 0 8 1 5
Investments 0 1 14 12
Other Assets + 46 71 157 182
Total Assets 49 83 182 216
Equity Capital 16 16 17 17

Source: Screener.in — figures in ₹ Crores unless marked %.

Cash Flow

  Mar 2023 Mar 2024 Mar 2025 Mar 2026
Cash from Operating Activity + -15 -9 -43 19
Cash from Investing Activity + 7 -18 -13 -29
Cash from Financing Activity + 10 24 61 20
Net Cash Flow 2 -3 5 10
CFO/OP -698 -147 -431 143
Free Cash Flow -15 -18 -44 6

Source: Screener.in — figures in ₹ Crores unless marked %.

Shareholding Pattern

Quarter-by-quarter — Promoters, FII, DII & public holding trend

Promoter holding: 44.79% → 44.79%
  Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Public 55.2% 55.2% 55.18% 55.04% 54.51% 54.63% 54.61% 54.63% 53.89% 53.92% 53.93% 54.62%
Promoters 44.79% 44.79% 44.79% 44.79% 44.79% 44.79% 44.79% 44.79% 44.79% 44.79% 44.79% 44.79%
FII 0.0% 0.0% 0.03% 0.17% 0.1% 0.0% 0.01% 0.0% 0.72% 0.71% 0.71% 0.01%
DII 0.0% 0.0% 0.0% 0.0% 0.58% 0.58% 0.58% 0.58% 0.58% 0.58% 0.58% 0.58%

Source: Screener.in — quarterly shareholding disclosures.

Peers Comparison

Utilities — ranked by market cap

Company Market Cap (Cr) P/E P/B ROE
Race Eco Chain Limited (this stock) 203 27.1 2.74 9.28%
Concord Enviro Systems L 574 25.0 1.01 3.57%
Jitf Infralogistics Ltd 720 — -1.4 —
Denta Water N Infra Sol L 732 13.7 1.6 14.0%
Eco Recycling Ltd. 812 33.8 7.33 23.6%
Antony Waste Hdg Cell Ltd 1,074 18.4 1.45 10.9%
Technocraft Ventures Ltd 1,945 43.5 — 30.6%

Which Mutual Funds Hold Race Eco Chain Limited?

Frequently Asked Questions about Race Eco Chain Limited

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