Race Eco Chain

Small Cap 2.3k Result

₹388.35

-9.3 (-2.34%)

As on 10 December, 2023 | 16:30 BSE: 537785 NSE: RACEISIN: INE084Q01012

Race Eco Chain Performance

Day Range

Low 385.00
High 401.45

₹ 388.35

52 Week Range

Low 226.10
High 407.50

₹ 388.35

Open Price397.95
Previous Close397.95
Volume40953

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Race Eco Chain Share Price

Over 1 Month 49.16%
Over 3 Month 45.61%
Over 6 Month 35.1%
Over 1 Year 87.61%

Race Eco Chain Key Statistics

P/E Ratio	313.2
PEG Ratio
Market Cap Cr	638
Price to Book Ratio	31
EPS	0.8
Dividend	0
Relative Strength Index	86.14
Money Flow Index	88.53
MACD Signal	26.19
Average True Range	13.83

Race Eco Chain Investment Rating

Master Rating:
Race Eco Chain has an operating revenue of Rs. 415.94 Cr. on a trailing 12-month basis. An annual revenue growth of 70% is outstanding, Pre-tax margin of 1% needs improvement, ROE of 6% is fair but needs improvement. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 36% and 55% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 35% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 77 which is a FAIR score but needs to improve its earnings, a RS Rating of 83 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 90 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of B is close to being the best. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Race Eco Chain Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Sep 2023	Jun 2023	Mar 2023	Sep 2022	Jun 2022
Oper Rev Qtr Cr	79	111	177	49	43
Operating Expenses Qtr Cr	78	109	176	49	42
Operating Profit Qtr Cr	1	2	1	0	0
Depreciation Qtr Cr	0	0	0	0	0
Interest Qtr Cr	1	1	0	0	0
Tax Qtr Cr	0	0	0	0	0
Net Profit Qtr Cr	0	1	1	0	0

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr	270	159
Operating Expenses Annual Cr	267	157
Operating Profit Annual in Cr	2	0
Depreciation Cr	0	0
Interest Annual Cr	1	0
Tax Annual Cr	0	0
Net Profit Annual Cr	1	1

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr	-15	5
Cash from Investing Activity Annual Cr	7	-6
Cash from Financing Annual Activity Cr	10	-2
Net Cash Flow Annual Cr	2	-3

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr	21	19
Fixed Assets Annual Cr	3	3
Total Non Current Assets Annual Cr	3	3
Total Current Assets Annual Cr	46	30
Total Assets Annual Cr	49	34

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs	13	12
ROE Annual %	6	5
ROCE Annual %	12	6
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	1	1

Indicator	Sep 2023	Jun 2023	Sep 2022	Jun 2022
Oper Rev Qtr Cr	79	111	49	43
Operating Expenses Qtr Cr	78	109	49	42
Operating Profit Qtr Cr	1	2	0	0
Depreciation Qtr Cr	0	0	0	0
Interest Qtr Cr	1	1	0	0
Tax Qtr Cr	0	0	0	0
Net Profit Qtr Cr	0	1	0	0

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr
Operating Expenses Annual Cr
Operating Profit Annual in Cr
Depreciation Cr
Interest Annual Cr
Tax Annual Cr
Net Profit Annual Cr

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr
Cash from Investing Activity Annual Cr
Cash from Financing Annual Activity Cr
Net Cash Flow Annual Cr

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr
Fixed Assets Annual Cr
Total Non Current Assets Annual Cr
Total Current Assets Annual Cr
Total Assets Annual Cr

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %

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Race Eco Chain Technicals

EMA & SMA

Current Price

₹388.35

-9.3 (-2.34%)

Bullish Moving Average
___
0

Bearish Moving Average
___
0

EMA SMA

20 Day
₹341.83

50 Day
₹304.31

100 Day
₹282.26

200 Day
₹259.70

20 Day
₹333.77

50 Day
₹285.65

100 Day
₹274.42

200 Day
₹251.25

Race Eco Chain Resistance and Support

PIVOT

₹393.24

Resistance
First Resistance	398.22
Second Resistance	405.63
Third Resistance	410.62

RSI	86.14
MFI	88.53
MACD Single Line	26.19
MACD	32.40

Support
First Resistance	385.82
Second Resistance	380.83
Third Resistance	373.42

Race Eco Chain Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	43,386	2,456,515	56.62
Week	82,041	4,042,150	49.27
1 Month	62,940	3,448,498	54.79
6 Month	27,298	1,742,991	63.85

Race Eco Chain Result Highlights

Race Eco Chain Synopsis

BSE-Apparel-Clothing Mfg

Race Eco Chain is involved in the business activities of Preparation and spinning of textile fibres. Company’s Total Operating Revenue is Rs. 269.08 Cr. and Equity Capital is Rs. 16.43 Cr. for the Year ended 31/03/2023. Race Eco Chain Ltd. is a Public Limited Listed company incorporated on 22/11/1999 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L37100DL1999PLC102506 and registration number is 102506.

Market Cap	642
Sales	367
Shares in Float	0.90
No of funds	1
Yield

Book Value	31.21
U/D Vol ratio	3.8
LTDebt / Equity	1
Alpha	0.21
Beta	1.14

Race Eco Chain

Owner Name	Sep-23	Jun-23	Mar-23	Dec-22
Promoters	44.79%	44.79%	44.79%	44.79%
Foreign Portfolio Investors
Individual Investors	31.18%	31.83%	31.48%	30.58%
Others	24.03%	23.38%	23.73%	24.63%

Race Eco Chain Management

Name	Designation
Mr. Sunil Kumar Malik	Managing Director
Mr. Anshu Agarwal	WholeTime Director & CFO
Mr. Pranav Vasan	Director
Mr. Rama Nand Gupta	Director
Mrs. Nisha Jain	Independent Director
Mr. Sanjay Kukreja	Independent Director
Mr. Anil Kumar Bhel	Independent Director

Race Eco Chain Forecast

Price Estimates

2,000(9.8%)

1,758(-3.5%)

1,590(-12.7%)

Other Analyst Rating

Race Eco Chain Corporate Action

Board

Date	Purpose	Remarks
2023-11-06	Quarterly Results
2023-08-12	Quarterly Results
2023-05-29	Audited Results
2023-01-02	Others	Inter alia, To consider: 1. Race Employees Stock Appreciation Right Scheme through Trust route for the Employees of the Company;
2022-11-10	Half Yearly Results

Race Eco Chain FAQs

What is Share Price of Race Eco Chain ?

Race Eco Chain share price is ₹388 As on 10 December, 2023 | 16:16

What is the Market Cap of Race Eco Chain ?

The Market Cap of Race Eco Chain is ₹638.1 Cr As on 10 December, 2023 | 16:16

What is the P/E ratio of Race Eco Chain ?

The P/E ratio of Race Eco Chain is 313.2 As on 10 December, 2023 | 16:16

What is the PB ratio of Race Eco Chain ?

The PB ratio of Race Eco Chain is 31 As on 10 December, 2023 | 16:16

Race Eco Chain Performance

Day Range

Low 385.00
High 401.45

₹ 388.35

52 Week Range

Low 226.10
High 407.50

₹ 388.35

Open Price397.95
Previous Close397.95
Volume40953

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Race Eco Chain Key Statistics

P/E Ratio	313.2
PEG Ratio
Market Cap Cr	638
Price to Book Ratio	31
EPS	0.8
Dividend	0
Relative Strength Index	86.14
Money Flow Index	88.53
MACD Signal	26.19
Average True Range	13.83