Race Eco Chain Ltd (RACE) — shareholding pattern, promoter holding, financials and share price
About Race Eco Chain Ltd (RACE)
Race Eco Chain Ltd operates in the Waste Management industry, within the Utilities sector. It trades on the NSE as RACE and on the BSE under scrip code 537785. Its ISIN is INE084Q01012.
Incorporated in 1999, Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers. Company also manufactures recycled products [1]
Race Eco Chain Limited engages in the business of plastic waste management, home furnishing, briquettes, and garments, promoting environmentally conscious initiatives with a mission to reduce carbon footprints caused by waste plastics.
The company has achieved robust year-on-year revenue growth of 36%, reaching ₹460.30 crore, and its profit has more than doubled, signifying strong financial improvement.
Listed peers in Waste Management: Eco Recycling Ltd, Concord Enviro Systems Ltd, VVIP Infratech Ltd, Organic Recycling Systems Ltd, Gem Enviro Management Ltd, EP Biocomposites Ltd.
Valuation & Returns
10 Jul 2026At ₹111.3 a share on 10 Jul 2026, Race Eco Chain Ltd (RACE) was valued at a price-to-earnings ratio of 26.35x against an industry P/E of 28.25x and a price-to-book of 2.68x on a book value of ₹41.48 per share as of Mar 2025. Solomo computes return on equity of 10.19% and return on capital employed of 13.04% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 26.35x
- Industry P/E
- 28.25x
- P/B
- 2.68x
- EPS (TTM)
- ₹4.22
- Book value / share
- ₹41.48
- ROE
- 10.19%
- ROCE
- 13.04%
- ROA
- 4%
- Debt / equity
- 0.86x
- Dividend yield
- 0%
- EBITDA margin
- 3.1%
- 52-week range
- ₹84.1 – ₹275
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Race Eco Chain Ltd (RACE) reported revenue of ₹619 crore, net profit of ₹7 crore and earnings per share of ₹3.92. That compares with revenue of ₹555 crore and net profit of ₹4 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹182.48 crore and net profit ₹1.96 crore (consolidated).
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue (₹ cr) | 269 | 347 | 555 | 619 |
| Net profit (₹ cr) | 1 | 2 | 4 | 7 |
| EPS (₹) | 0.79 | 0.94 | 2.25 | 3.92 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 30.54% | 96.21% | 43.06% | 59.75% |
| Profit growth | 51.42% | 152.25% | 60.01% | 170.32% |
| Stock price CAGR | 26% | -14% | -26% | -54% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 44.79% of Race Eco Chain Ltd (RACE) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.01% and domestic institutional investors (DII) hold 0.58%. Market capitalisation was ₹192 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2014.
Largest disclosed public shareholders in Jun 2026: PUJA MALIK 5.84%, ASHIKA GLOBAL FINANCE PRIVATE LIMITED 2.64%, GANESHA ECOSPHERE LIMITED 2.64%, SHARE INDIA SECURITIES LIMITED 2.41%, ROHAN AGGARWAL 1.63%, GANESHA ECOVERSE LIMITED 1.55%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 44.79% | - | 0.01% | 0.58% | 55.21% |
| Mar 2026 | 44.79% | - | 0.71% | 0.58% | 55.21% |
| Dec 2025 | 44.79% | - | 0.71% | 0.58% | 55.21% |
| Sep 2025 | 44.79% | - | 0.72% | 0.58% | 55.21% |
| Jun 2025 | 44.79% | - | 0% | 0.58% | 55.21% |
| Mar 2025 | 44.79% | - | 0.01% | 0.58% | 55.21% |
| Dec 2024 | 44.79% | - | - | 0.58% | 55.21% |
| Sep 2024 | 44.79% | - | 0.1% | 0.58% | 55.21% |