Flash Finance

Race Eco Chain LimitedRACECorporate

Waste Management Latest results: Jun 2026 14 quarters of data
Consolidated Standalone
₹119.02
MCap ₹205 Cr · P/E 73.4
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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.
₹93 Cr
Sales · Jun 2026
-5.7% YoY
₹2 Cr
Operating Profit · Jun 2026
+16.0% YoY
2.4%
OPM % · Jun 2026
+20.0% YoY
₹1 Cr
Net Profit · Jun 2026
+495.6% YoY
₹0.35
EPS · Jun 2026
+483.3% YoY

📝 Race Eco Chain Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Race Eco Chain Limited reported revenue of ₹93 crore for the quarter ended June 2026 (Q1 FY27), down 5.7% from ₹99 crore in the same quarter last year, and down 13.9% sequentially over the March 2026 quarter.

Net profit rose 495.6% year-on-year to ₹1 crore, from ₹0 crore. Earnings per share (EPS) came in at ₹0.35.

Operating profit stood at ₹2 crore — an operating margin (OPM) of 2.4%, compared with 2.0% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Race Eco Chain Limited posted revenue of ₹382 crore, a decline of 17.0% over FY25, with a net profit of ₹2 crore (down 67.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹376 crore with a net profit of ₹3 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 73.4.

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 ?
73.37above ind
Industry P/E ?
12.50
P/B ?
2.98
P/S ?
0.55
P/FCF ?
22.82
Enterprise Value ?
₹287 Cr
EV/EBITDA ?
28.27
PEG ?
3.49
Earnings Yield ?
3.1%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹376 Cr
OPM ?
2.7%
Profit after tax (TTM) ?
₹3 Cr
EPS (TTM) ?
₹1.62
ROCE ?
8.0%
ROE ?
4.1%
ROA ?
1.6%
Growth
Sales — latest qtr ?
₹93 Cr
PAT — latest qtr ?
₹1 Cr
YoY qtr sales growth ?
-5.7%
YoY qtr profit growth ?
495.6%
Sales growth (3y) ?
12%
Sales growth (5y) ?
45%
Profit growth (3y) ?
21%
Profit growth (5y) ?
15%
Financial Health
Debt ?
₹82 Cr
Debt to Equity ?
1.19
Interest Coverage ?
1.2
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
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 1771117969798610612913999967910893 -5.7% -13.9%
Operating Profit 12111122323232 +16.0% -25.7%
Other Income 00000040101111 +141.5% +28.5%
Interest 01111111122222 +35.9% -6.8%
Depreciation 00000000000000 +175.5% +44.9%
Profit Before Tax 11010152211111 +13.2% -40.9%
Net Profit 11000041101011 +495.6% -24.7%
EPS 0.510.550.180.270.150.222.350.800.740.060.670.130.470.35 +483.3% -25.5%
OPM % 0.8% 1.7% 1.6% 1.9% 1.3% 1.7% 1.7% 1.9% 1.9% 2.0% 2.6% 2.9% 2.8% 2.4% +20.0% -14.3%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹460 Cr ₹382 Cr ₹376 Cr -17.0%
Operating Profit ₹8 Cr ₹10 Cr ₹10 Cr +17.6%
OPM % 1.82% 2.58% 2.70% +41.8%
NPM % 1.53% 0.60% 0.74% -60.8%
Other Income ₹5 Cr ₹2 Cr ₹3 Cr -55.2%
Depreciation ₹1 Cr ₹1 Cr ₹1 Cr +61.9%
Interest ₹4 Cr ₹8 Cr ₹8 Cr +87.7%
EBIT ₹8 Cr ₹9 Cr ₹9 Cr +13.7%
PBT ₹9 Cr ₹4 Cr ₹4 Cr -60.6%
Tax ₹2 Cr ₹1 Cr ₹0 Cr -62.8%
Net Profit ₹7 Cr ₹2 Cr ₹3 Cr -67.6%
EPS ₹4.11 ₹1.33 ₹1.62 -67.6%
Material Cost ₹446 Cr ₹263 Cr ₹258 Cr -41.0%
Employee Cost ₹3 Cr ₹2 Cr ₹2 Cr -28.3%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 16161717 +0.0%
Reserves 465452 -3.7%
Borrowings 16375982 +39.0%
Other Liabilities 13142521 -16.0%
Total Liabilities 4973155173 +11.6%
Fixed Assets 3336 +100.0%
CWIP 0000 —
Investments 052122 +4.8%
Other Assets 4665131145 +10.7%
Total Assets 4973155173 +11.6%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -15-10-2814 +150.0%
Cash from Investing Activity 7-11-32-26 +18.8%
Cash from Financing Activity 10196416 -75.0%
Net Cash Flow 2-344 +0.0%
Free Cash Flow -15-11-299 +131.0%
CFO/OP -698%-181%-326%156% +147.9%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 50577574 -1.3%
Inventory Days 1110 -100.0%
Days Payable 161419— —
Cash Conversion Cycle 34445774 +29.8%
Working Capital Days 20152315 -34.8%
ROCE % 8%12%9%8% -11.1%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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 7,0267,0356,9636,7966,7837,077 +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?
Race Eco Chain Limited reported revenue of ₹93 crore for the quarter ended June 2026 (Q1 FY27), down 5.7% from ₹99 crore in the same quarter last year, and down 13.9% sequentially over the March 2026 quarter.
What was Race Eco Chain Limited's net profit in Q1 FY27?
Net profit rose 495.6% year-on-year to ₹1 crore, from ₹0 crore. Earnings per share (EPS) came in at ₹0.35.
What is RACE's market capitalisation and P/E ratio?
At the current price of ₹119.02, RACE has a market capitalisation of ₹205 crore and a trailing P/E of about 73.4.
Who owns Race Eco Chain Limited? (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.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI