Race Eco

  • Market Cap: Micro Cap
  • Industry: Other Utilities
  • ISIN: INE084Q01012
  • NSEID: RACE
  • BSEID: 537785
INR
122.00
19.16 (18.63%)
BSENSE

Apr 02

BSE+NSE Vol: 2.65 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Comparison
Company
Score
Quality
Valuation
Financial
Technical
Race Eco
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Antony Waste han
Concord Enviro
Eco Recyc.
VVIP Infratech
Organic Recyclin
Gem Enviro
Filtra Consult.
EP Biocomposites
Why is Race Eco Chain Ltd ?
1
Poor Management Efficiency with a low ROCE of 7.85%
  • The company has been able to generate a Return on Capital Employed (avg) of 7.85% signifying low profitability per unit of total capital (equity and debt)
2
Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 1.90
  • Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 1.90
  • The company has been able to generate a Return on Equity (avg) of 5.25% signifying low profitability per unit of shareholders funds
3
Below par performance in long term as well as near term
  • Along with generating -59.79% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
stock-recommendationReal-Time Research Report
Verdict Report
How much should you sell?
  1. All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Utilities)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Race Eco for you?

High Risk, Low Return

Absolute
Risk Adjusted
Volatility
Race Eco
-52.16%
-1.24
48.04%
Sensex
-4.3%
0.43
11.83%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors
Factor
Value
Sales Growth (5y)
33.31%
EBIT Growth (5y)
55.60%
EBIT to Interest (avg)
1.83
Debt to EBITDA (avg)
6.49
Net Debt to Equity (avg)
0.84
Sales to Capital Employed (avg)
5.16
Tax Ratio
21.72%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
1.29%
ROCE (avg)
7.15%
ROE (avg)
5.25%
stock-recommendationValuation
Valuation Scorecard stock-summary
stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary
Factor
Value
P/E Ratio
33
Industry P/E
21
Price to Book Value
2.89
EV to EBIT
22.96
EV to EBITDA
20.37
EV to Capital Employed
2.03
EV to Sales
0.43
PEG Ratio
0.22
Dividend Yield
NA
ROCE (Latest)
8.85%
ROE (Latest)
8.52%
Loading Valuation Snapshot...
stock-recommendationTechnicals
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bearish
No Trend
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
stock-recommendationFinancial Trend
Financial Trend Scorecard stock-summary
stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

15What is working for the Company
NET SALES(9M)

At Rs 436.28 cr has Grown at 20.80%

PAT(Latest six months)

Higher at Rs 4.56 cr

ROCE(HY)

Highest at 10.13%

-12What is not working for the Company
INTEREST(Latest six months)

At Rs 4.04 cr has Grown at 26.25%

OPERATING PROFIT TO INTEREST (Q)

Lowest at 1.62 times

NET SALES(Q)

Lowest at Rs 131.12 cr

Loading Valuation Snapshot...
Here's what is working for Race Eco
Profit After Tax (PAT) - Latest six months
At Rs 4.56 cr has Grown at 97.40%
Year on Year (YoY)
MOJO Watch
PAT trend is very positive

PAT (Rs Cr)

Profit After Tax (PAT) - Latest six months
Higher at Rs 4.56 cr
than preceding 12 month period ended Dec 2025 of Rs 4.14 cr
MOJO Watch
In the half year the company has already crossed PAT of the previous twelve months

PAT (Rs Cr)

Here's what is not working for Race Eco
Net Sales - Quarterly
At Rs 131.12 cr has Fallen at -22.15%
Year on Year (YoY)
MOJO Watch
Near term sales trend is very negative

Net Sales (Rs Cr)

Operating Profit to Interest - Quarterly
Lowest at 1.62 times
in the last five quarters
MOJO Watch
The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Interest - Latest six months
At Rs 4.04 cr has Grown at 26.25%
over previous Half yearly period
MOJO Watch
Rising interest cost signifies increased borrowings

Interest Paid (Rs cr)

Net Sales - Quarterly
Lowest at Rs 131.12 cr
in the last five quarters
MOJO Watch
Near term sales trend is negative

Net Sales (Rs Cr)