Race Eco Chain LimitedRACECorporate

Waste Management Latest results: Jun 2026 14 quarters of data

₹119.02

MCap ₹205 Cr · P/E 26.0

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹191 Cr

Sales · Jun 2026

+21.9% YoY

₹4 Cr

Operating Profit · Jun 2026

+23.1% YoY

1.9%

OPM % · Jun 2026

+0.0% YoY

₹1 Cr

Net Profit · Jun 2026

+149.1% YoY

₹0.64

EPS · Jun 2026

-43.4% YoY

📝 Race Eco Chain Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Race Eco Chain Limited reported revenue of ₹191 crore for the quarter ended June 2026 (Q1 FY27), up 21.9% from ₹157 crore in the same quarter last year, and up 4.7% sequentially over the March 2026 quarter.

Net profit rose 149.1% year-on-year to ₹1 crore, from ₹0 crore. Earnings per share (EPS) came in at ₹0.64.

Operating profit stood at ₹4 crore — an operating margin (OPM) of 1.9%, compared with 1.9% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Race Eco Chain Limited posted revenue of ₹619 crore, a growth of 11.5% over FY25, with a net profit of ₹7 crore (down 2.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹653 crore with a net profit of ₹8 crore.

Valuation snapshot

At the current price of ₹119.02, RACE has a market capitalisation of ₹205 crore and a trailing P/E of about 26.0.

Within the Waste Management industry, it is the 5th-largest of the 8 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 44.79%, foreign institutional investors (FIIs) 0.01%, public shareholders 55.20% of Race Eco Chain Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹205 Cr

Current Price ?

₹119.0

P/E ?

25.96above ind

Industry P/E ?

12.50

P/B ?

2.78

P/S ?

0.31

P/FCF ?

34.23

Enterprise Value ?

₹295 Cr

EV/EBITDA ?

19.85

PEG ?

0.36

Earnings Yield ?

4.3%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹653 Cr

OPM ?

2.3%

Profit after tax (TTM) ?

₹8 Cr

EPS (TTM) ?

₹4.58

ROCE ?

11.0%

ROE ?

10.7%

ROA ?

3.7%

Growth

Sales — latest qtr ?

₹191 Cr

PAT — latest qtr ?

₹1 Cr

YoY qtr sales growth ?

21.9%

YoY qtr profit growth ?

149.1%

Sales growth (3y) ?

32%

Sales growth (5y) ?

N/A

Profit growth (3y) ?

73%

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹90 Cr

Debt to Equity ?

1.22

Interest Coverage ?

1.5

Current Ratio ?

N/A

Ownership

Promoter holding ?

44.79%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

8.3%

Return 6 months ?

-7.3%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2023	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	YoY %	QoQ %
Sales	92	111	79	73	85	86	106	168	194	157	148	131	182	191	+21.9%	+4.7%
Operating Profit	1	2	1	1	1	1	2	3	3	3	4	3	4	4	+23.1%	-16.4%
Other Income	0	0	0	0	1	0	4	0	0	0	0	2	1	1	+258.0%	-9.6%
Interest	0	1	1	1	1	1	1	1	2	2	2	2	3	2	+49.6%	-1.6%
Depreciation	0	0	0	0	0	0	0	0	0	0	1	1	1	1	+200.5%	+49.0%
Profit Before Tax	1	1	0	1	0	0	5	2	2	1	3	3	2	1	+2.8%	-42.3%
Net Profit	0	1	0	1	0	0	4	2	2	0	3	2	2	1	+149.1%	-47.4%
EPS	0.27	0.55	0.13	0.36	0.07	0.07	2.34	1.03	0.92	1.13	1.72	1.13	1.08	0.64	-43.4%	-40.7%
OPM %	0.9%	1.7%	1.5%	2.0%	1.2%	1.6%	1.7%	1.8%	1.8%	1.9%	2.5%	2.6%	2.3%	1.9%	+0.0%	-17.4%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹555 Cr	₹619 Cr	₹653 Cr	+11.5%
Operating Profit	₹10 Cr	₹14 Cr	₹15 Cr	+46.5%
OPM %	1.75%	2.30%	2.28%	+31.4%
NPM %	1.35%	1.18%	1.21%	-12.6%
Other Income	₹5 Cr	₹4 Cr	₹4 Cr	-31.7%
Depreciation	₹1 Cr	₹2 Cr	₹2 Cr	+107.0%
Interest	₹4 Cr	₹8 Cr	₹9 Cr	+93.4%
EBIT	₹9 Cr	₹12 Cr	₹13 Cr	+40.5%
PBT	₹10 Cr	₹9 Cr	₹9 Cr	-6.8%
Tax	₹2 Cr	₹1 Cr	₹0 Cr	-32.8%
Net Profit	₹8 Cr	₹7 Cr	₹8 Cr	-2.9%
EPS	₹4.36	₹5.06	₹4.57	+16.1%
Material Cost	₹455 Cr	₹421 Cr	₹269 Cr	-7.5%
Employee Cost	₹2 Cr	₹3 Cr	₹2 Cr	+12.1%
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	16	16	17	17	+0.0%
Reserves	4	6	54	57	+5.6%
Borrowings	16	43	62	90	+45.2%
Other Liabilities	13	18	49	51	+4.1%
Total Liabilities	49	83	182	216	+18.7%
Fixed Assets	3	3	10	17	+70.0%
CWIP	0	8	1	5	+400.0%
Investments	0	1	14	12	-14.3%
Other Assets	46	71	157	182	+15.9%
Total Assets	49	83	182	216	+18.7%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-15	-9	-43	19	+144.2%
Cash from Investing Activity	7	-18	-14	-29	-107.1%
Cash from Financing Activity	10	24	61	20	-67.2%
Net Cash Flow	2	-3	5	10	+100.0%
Free Cash Flow	-15	-18	-43	6	+114.0%
CFO/OP	-698%	-147%	-428%	145%	+133.9%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	50	58	79	59	-25.3%
Inventory Days	1	1	1	2	+100.0%
Days Payable	16	18	24	18	-25.0%
Cash Conversion Cycle	34	41	55	43	-21.8%
Working Capital Days	20	15	21	8	-61.9%
ROCE %	—	11%	10%	11%	+10.0%

👥 Shareholding (latest 6 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	% Chg
Promoters	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	+0.0%
FIIs	0.00%	0.72%	0.71%	0.71%	0.01%	0.01%	+0.0%
DIIs	0.58%	0.58%	0.58%	0.58%	0.58%	—	—
Public	54.63%	53.89%	53.92%	53.93%	54.62%	55.20%	+1.1%
No. of Shareholders	7,026	7,035	6,963	6,796	6,783	7,077	+4.3%

⚖️ Peer comparison

Industry: Waste Management · 8 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	REFEX Refex Industries	₹270.50	3,712	13.5	2,853	275	15.0%	9.6%	-6.0%	39.6%	139.1%	262.8%
2	AWHCL Antony Waste	₹363.50	1,031	14.4	1,067	70	17.5%	6.6%	12.8%	-8.3%	5.5%	-96.7%
3	530643 Eco Recycling	₹709.00	795	58.7	55	24	59.4%	43.5%	9.6%	-1.7%	75.2%	13.3%
4	URBAN Urban Enviro	₹369.25	320	21.5	182	15	26.4%	8.3%	—	—	37.7%	100.0%
5	RACE Race Eco	₹111.31	192	24.0	653	8	2.3%	1.2%	11.5%	-2.9%	21.9%	149.1%
6	543997 Organic Recycling	₹281.00	148	9.7	104	25	28.8%	24.0%	—	—	138.7%	44.4%
7	544199 GEM Enviro	₹252.35	89	121.9	96	5	5.6%	4.9%	—	—	10.1%	-18.0%
8	543595 EP Biocomposites	₹174.20	15	20.0	14	1	16.4%	10.7%	—	—	25.9%	65.1%

❓ Frequently asked questions

What was Race Eco Chain Limited's revenue in Q1 FY27?

What was Race Eco Chain Limited's net profit in Q1 FY27?