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Race Eco Chain

₹332 -2.8 | 0.8%

Market Cap ₹0 Cr.

Stock P/E 262.6

P/B 24.5

Current Price ₹332

Book Value ₹ 13.5

Face Value 10

52W High ₹406

Dividend Yield 0%

52W Low ₹ 230.9

Race Eco Chain Research see more...

Overview Inc. Year: 1999Industry: Environmental Services

Race Eco Chain Ltd, formerly Anisha Impex Ltd, is engaged within the enterprise of buying and selling and marketing of fabric and yarns. The Company's range of merchandise includes fabric for bedding, windows dressing, decorative, pillows and accents, table linen, kitchen linen and different home furnishing fabrics. It also offers fashion accessories. The Company gives a variety of architectural products below the emblem name Morgan & Sanders. Its product range includes checks and stripes fabric, cotton dobby fabric, denim fabric, corduroy prints and silk prints. The Company's checks and stripes fabric are used for making shirts, girls tops and covers. The Company's silk prints are used for designing ladies saris and soft fixtures. Its corduroy prints are used for making apparels, together with tops, girls bags, mattress sheets and desk covers. It is likewise focused on carrying the commercial enterprise of import, export and trading and advertising of cosmetics of all kind and types and additionally plant and equipment.

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Race Eco Chain Share Price

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Quarterly Price

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Race Eco Chain Quarterly Results

#(Fig in Cr.) Jun 2022 Jun 2023
Net Sales 43 111
Other Income 0 0
Total Income 43 111
Total Expenditure 42 109
Operating Profit 1 2
Interest 0 1
Depreciation 0 0
Exceptional Income / Expenses 0 0
Profit Before Tax 0 1
Provision for Tax 0 0
Profit After Tax 0 1
Adjustments 0 0
Profit After Adjustments 0 1
Adjusted Earnings Per Share 0.1 0.6

Race Eco Chain Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 34 40 42 42 35 55 50 16 59 157 269 154
Other Income 0 0 1 0 0 0 1 1 3 2 1 0
Total Income 34 40 43 42 35 56 51 17 61 159 270 154
Total Expenditure 34 39 42 41 34 54 50 16 59 157 267 151
Operating Profit 1 1 1 1 1 1 1 1 2 2 3 3
Interest 0 0 1 1 1 1 1 1 1 0 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 0 1 1 2 1
Provision for Tax 0 0 0 0 0 -0 0 -0 0 0 0 0
Profit After Tax 0 -0 0 0 0 0 0 0 1 1 1 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 0 0 0 0 0 0 1 1 1 1
Adjusted Earnings Per Share 0 -0 0.1 0.1 0.1 0 0 0 0.6 0.6 0.8 0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 71% 156% 37% 23%
Operating Profit CAGR 50% 44% 25% 12%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 39% 14% 46% 32%
ROE Average 7% 6% 4% 2%
ROCE Average 8% 8% 6% 5%

Race Eco Chain Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 7 17 17 17 17 17 17 17 18 19 21
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 -0
Total Current Liabilities 13 10 7 14 7 21 18 9 14 14 28
Total Liabilities 19 26 24 31 24 39 35 27 32 33 49
Fixed Assets 2 2 3 2 2 2 2 2 1 3 3
Other Non-Current Assets 0 7 0 0 0 6 10 9 0 1 0
Total Current Assets 17 17 22 29 22 31 23 16 31 30 46
Total Assets 19 26 24 31 24 39 35 27 32 33 49

Race Eco Chain Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 4 1
Cash Flow from Operating Activities -2 -4 -8 2 -0 8 7 -4 -5 5 -15
Cash Flow from Investing Activities 1 -7 7 0 -1 -6 -8 5 10 -6 7
Cash Flow from Financing Activities 1 12 1 -2 1 -2 2 -1 -1 -2 10
Net Cash Inflow / Outflow 0 0 -0 -0 0 0 0 -0 4 -3 2
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 4 1 3

Race Eco Chain Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 -0.01 0.06 0.05 0.08 0.05 0.03 0.02 0.61 0.56 0.79
CEPS(Rs) 0.54 0.08 0.21 0.22 0.21 0.31 0.26 0.2 0.75 0.76 1.06
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 10.16 10.18 10.24 10.32 10.36 10.4 10.42 11.02 11.72 12.52
Core EBITDA Margin(%) 1.26 1.39 1.19 2.4 2.44 1.51 -0.32 -2.31 -0.27 0.12 0.78
EBIT Margin(%) 1.4 1.21 1.84 1.94 2.04 1.21 1.28 4.7 3.59 0.94 0.93
Pre Tax Margin(%) 0.45 0.05 0.32 0.3 0.49 0.09 0.14 0.11 2.51 0.67 0.66
PAT Margin (%) 0.33 -0.05 0.22 0.21 0.35 0.15 0.1 0.23 1.7 0.58 0.48
Cash Profit Margin (%) 0.74 0.35 0.82 0.85 0.98 0.93 0.86 2.13 2.09 0.79 0.65
ROA(%) 0.57 -0.08 0.36 0.32 0.45 0.26 0.14 0.12 3.39 2.8 3.17
ROE(%) 2.29 -0.18 0.54 0.54 0.73 0.47 0.3 0.22 5.66 4.91 6.55
ROCE(%) 5.62 3.14 3.62 3.72 3.27 3.04 2.82 3.1 8.66 6.04 8.29
Receivable days 124.46 107.1 88.01 110.37 178.76 111.99 92.1 186.99 64.91 36.9 36.53
Inventory Days 57.05 41.46 34.92 63.07 59.38 36.16 62.44 121.48 25.57 5.49 0.62
Payable days 123.83 71.42 33.15 50.98 55.02 47.21 85.73 129.37 20.81 15.29 13.45
PER(x) 0 0 128.16 197.8 102.63 707.96 1748.46 0 428.76 304.55 237.94
Price/Book(x) 0 1.58 0.7 1.05 0.75 3.35 5.19 0 23.58 14.5 15.09
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.11 0.75 0.41 0.53 0.52 1.11 1.9 1.46 7.32 1.8 1.2
EV/Core EBITDA(x) 5.88 47 16.92 20.52 19.56 55.64 93.26 22.08 183.59 156.64 109.84
Net Sales Growth(%) 6.9 16.43 5.85 -0.61 -16.06 57.42 -9.16 -68.46 271 167.75 71.16
EBIT Growth(%) 3.08 0.44 61.24 4.89 -11.83 -6.35 -3.88 15.55 183.49 -29.9 68.94
PAT Growth(%) -0.84 -116.89 579.99 -1.42 38.23 -35 -37.08 -27.5 2608.27 -7.96 42.26
EPS Growth(%) 0 0 581.74 -1.44 38.31 -35 -37.08 -27.47 2607.14 -7.95 42.26
Debt/Equity(x) 0.69 0.22 0.34 0.26 0.33 0.27 0.41 0.4 0.37 0.25 0.75
Current Ratio(x) 1.37 1.79 2.89 2.05 3.06 1.44 1.3 1.73 2.25 2.14 1.62
Quick Ratio(x) 1.01 1.32 2.42 1.27 2.99 0.95 0.92 1.33 1.92 2.12 1.6
Interest Cover(x) 1.48 1.04 1.21 1.18 1.32 1.08 1.12 1.02 3.32 3.55 3.53
Total Debt/Mcap(x) 0 0.14 0.49 0.24 0.44 0.08 0.08 0 0.02 0.02 0.05

Race Eco Chain Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 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 0 0 0 0 0.03
DII 1.83 1.83 1.83 0 0 0 0 0 0 0
Public 53.38 53.38 53.38 55.21 55.21 55.21 55.21 55.2 55.21 55.18
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 15.29 to 13.45days.

Cons

  • Promoter holding is low: 44.79%.
  • Company has a low return on equity of 6% over the last 3 years.
  • Stock is trading at 24.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Race Eco Chain News

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