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Consolidated Standalone

Race Eco Chain

₹371.1 -3.8 | 1%

Market Cap ₹640 Cr.

Stock P/E 414.0

P/B 11.5

Current Price ₹371.1

Book Value ₹ 32.3

Face Value 10

52W High ₹457.3

Dividend Yield 0%

52W Low ₹ 296.5

Edit Ratio

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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Volume
Price

Quarterly Price

Quarterly Monthly
Show Value Show %

Peer Comparison

Race Eco Chain Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 49 85 92 111 79 73 85 86 106
Other Income 0 0 0 0 0 0 1 0 4
Total Income 49 85 93 111 79 73 86 87 111
Total Expenditure 49 84 91 109 78 71 84 85 104
Operating Profit 1 1 1 2 1 2 2 2 6
Interest 0 0 0 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 1 1 0 1 0 0 5
Provision for Tax 0 0 0 0 0 0 0 0 1
Profit After Tax 0 0 0 1 0 1 0 0 4
Adjustments 0 -0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 1 0 1 0 0 4
Adjusted Earnings Per Share 0.2 0.2 0.3 0.6 0.1 0.4 0.1 0.1 2.3

Race Eco Chain Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 TTM
Net Sales 269 347 350
Other Income 1 1 5
Total Income 270 348 357
Total Expenditure 267 342 344
Operating Profit 3 6 12
Interest 1 3 4
Depreciation 0 1 0
Exceptional Income / Expenses 0 0 0
Profit Before Tax 2 3 6
Provision for Tax 0 1 1
Profit After Tax 1 2 5
Adjustments 0 0 0
Profit After Adjustments 1 2 5
Adjusted Earnings Per Share 0.8 0.9 2.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 29% 0% 0% 0%
Operating Profit CAGR 100% 0% 0% 0%
PAT CAGR 100% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -6% 20% 54% 42%
ROE Average 7% 7% 7% 7%
ROCE Average 12% 9% 9% 9%

Race Eco Chain Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024
Shareholder's Funds 21 22
Minority's Interest 0 0
Borrowings 0 0
Other Non-Current Liabilities -0 5
Total Current Liabilities 28 55
Total Liabilities 49 83
Fixed Assets 3 8
Other Non-Current Assets 0 4
Total Current Assets 46 70
Total Assets 49 83

Race Eco Chain Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 1 3
Cash Flow from Operating Activities -15 -9
Cash Flow from Investing Activities 7 -18
Cash Flow from Financing Activities 10 24
Net Cash Inflow / Outflow 2 -3
Closing Cash & Cash Equivalent 3 0

Race Eco Chain Ratios

# Mar 2023 Mar 2024
Earnings Per Share (Rs) 0.79 0.94
CEPS(Rs) 1.06 1.43
DPS(Rs) 0 0
Book NAV/Share(Rs) 12.52 13.52
Core EBITDA Margin(%) 0.78 1.66
EBIT Margin(%) 0.93 1.63
Pre Tax Margin(%) 0.66 0.79
PAT Margin (%) 0.48 0.45
Cash Profit Margin (%) 0.65 0.68
ROA(%) 2.67 2.35
ROE(%) 6.34 7.23
ROCE(%) 6.92 11.88
Receivable days 49.71 48.19
Inventory Days 0.83 0.83
Payable days 16.4 15.52
PER(x) 237.94 343.53
Price/Book(x) 15.09 23.96
Dividend Yield(%) 0 0
EV/Net Sales(x) 1.2 1.64
EV/Core EBITDA(x) 109.84 87.96
Net Sales Growth(%) 0 29.13
EBIT Growth(%) 0 126.94
PAT Growth(%) 0 18.56
EPS Growth(%) 0 18.71
Debt/Equity(x) 0.75 1.67
Current Ratio(x) 1.62 1.27
Quick Ratio(x) 1.6 1.25
Interest Cover(x) 3.53 1.93
Total Debt/Mcap(x) 0.05 0.07

Race Eco Chain Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 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 0.03 0.17 0.1
DII 1.83 0 0 0 0 0 0 0 0 0.58
Public 53.38 55.21 55.21 55.21 55.21 55.2 55.21 55.18 55.04 54.52
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 16.4 to 15.52days.

Cons

  • Promoter holding is low: 44.79%.
  • Company has a low return on equity of 7% over the last 3 years.
  • Stock is trading at 11.5 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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