Race Eco Chain Key Ratios
NSE: RACE | BSE: 537785
₹122.91
As on 23-Sep-2026IST
Market cap
₹213 Cr
Revenue (TTM)
₹653 Cr
P/E Ratio
28.3
P/B Ratio
3.7
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -13.93 | -5.71 | -20.46 | 3.73 | 45.42 |
| EBIT | -33.27 | 2.05 | 6.47 | 39.28 | 89.18 |
| Net Profit | -25.09 | 497.06 | 11.60 | 12.00 | 18.17 |
| EPS | -25.09 | 497.12 | 11.60 | 10.18 | 17.02 |
| Book Value | -- | -- | -3.57 | 34.07 | 22.31 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 1.80 | 1.19 | 1.93 | 2.01 | 1.60 |
| Net Margin
| 0.62 | 0.59 | 0.68 | 1.18 | 0.75 |
| Return on equity
| 7.17 | 6.59 | 10.23 | 13.11 | 10.96 |
| Return on Capital
| 9.66 | 8.67 | -- | 11.71 | 10.23 |
| Return on Assets
| 2.42 | 2.65 | 2.23 | 3.69 | 3.17 |
| Debt to Equity (x)
| -- | -- | 0.02 | 1.58 | 1.13 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
11.71
|
10.23
|
11.88
|
6.92
|
|
Peer Median
|
--
|
20.73
|
16.28
|
15.30
|
--
|
ROE
10.23
Lower than Peers by 1.90
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
10.23
|
13.11
|
10.96
|
7.23
|
6.34
|
|
Peer Median
|
12.14
|
16.71
|
18.86
|
18.29
|
--
|
ROA
2.23
Lower than Peers by 7.40
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
2.23
|
3.69
|
3.17
|
2.35
|
2.67
|
|
Peer Median
|
9.63
|
11.30
|
9.88
|
7.57
|
--
|
EBIT Margin
1.93
Lower than Peers by 9.37
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
1.93
|
2.01
|
1.60
|
1.43
|
0.61
|
|
Peer Median
|
11.29
|
26.59
|
--
|
55.84
|
--
|
Net Margin
0.68
Lower than Peers by 8.47
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
0.68
|
1.18
|
0.75
|
0.44
|
0.48
|
|
Peer Median
|
9.15
|
9.65
|
12.40
|
8.70
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
1.47
|
0.91
|
0.68
|
0.65
|
|
Peer Median
|
--
|
0.00
|
--
|
0.00
|
--
|
Revenue Growth
4.43
Lower than Peers by 8.70
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
4.43
|
11.47
|
59.75
|
29.13
|
--
|
|
Peer Median
|
13.13
|
40.65
|
--
|
--
|
--
|
EBIT Growth
21.07
Higher than Peers by 2.79
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
21.07
|
40.05
|
78.78
|
201.96
|
--
|
|
Peer Median
|
18.28
|
50.05
|
--
|
--
|
--
|
Net Profit Growth
11.60
Lower than Peers by 14.96
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
11.60
|
73.90
|
171.16
|
18.56
|
--
|
|
Peer Median
|
26.56
|
56.16
|
--
|
--
|
--
|
EPS Growth
11.60
Lower than Peers by 3.38
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
11.60
|
73.75
|
139.30
|
18.71
|
--
|
|
Peer Median
|
14.97
|
45.72
|
--
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
4.70
|
144.79
|
7.98
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.02
Lower than Peers by 0.00
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
0.02
|
1.58
|
1.13
|
1.67
|
0.75
|
|
Peer Median
|
0.03
|
0.26
|
0.17
|
0.62
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
1.19
|
0.86
|
1.67
|
0.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.23
Lower than Peers by 0.86
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
1.23
|
1.23
|
1.35
|
1.27
|
1.62
|
|
Peer Median
|
2.08
|
2.08
|
2.60
|
1.69
|
--
|
Quick Ratio
1.20
Lower than Peers by 0.59
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
1.20
|
1.20
|
1.34
|
1.25
|
1.60
|
|
Peer Median
|
1.79
|
3.32
|
--
|
4.08
|
--
|
Interest Coverage
1.64
Lower than Peers by 7.25
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
1.64
|
2.12
|
2.29
|
1.93
|
3.53
|
|
Peer Median
|
8.89
|
9.45
|
9.11
|
4.32
|
--
|
Operating Efficiency
Debtors to sales
15.30
Lower than Peers by 4.04
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
15.30
|
16.15
|
21.51
|
15.86
|
13.62
|
|
Peer Median
|
19.34
|
31.00
|
--
|
28.82
|
--
|
Asset Turnover
3.28
Higher than Peers by 2.22
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
3.28
|
3.13
|
4.19
|
5.27
|
5.50
|
|
Peer Median
|
1.07
|
1.43
|
--
|
9.24
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
64.69
|
57.37
|
48.19
|
49.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
1.19
|
0.72
|
0.83
|
0.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
19.91
|
17.86
|
15.52
|
16.40
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
45.98
|
40.24
|
33.50
|
34.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
28.31
Lower than Peers by 1.12
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
28.31
|
22.04
|
114.26
|
343.53
|
237.96
|
|
Peer Median
|
29.43
|
28.31
|
23.71
|
43.12
|
--
|
Price / Book Value
3.69
Lower than Peers by 2.01
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
3.69
|
2.62
|
8.18
|
23.96
|
15.09
|
|
Peer Median
|
5.70
|
3.69
|
3.44
|
6.22
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.13
|
--
|
--
|
--
|
--
|
EV/EBITDA
16.84
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
16.84
|
14.07
|
47.06
|
87.96
|
109.84
|
|
Peer Median
|
--
|
23.61
|
33.35
|
45.90
|
--
|
Market Cap
213
Lower than Peers by 888
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Race Eco Chain
|
213
|
149
|
445
|
532
|
310
|
|
Peer Median
|
1,101
|
562
|
383
|
590
|
--
|