Race Eco Chain Peer Comparison

NSE: RACE | BSE: 537785

₹122.50

₹2.52 (2.10%)

As on 23-Sep-2026 15:09IST

Market cap

₹215 Cr

Revenue (TTM)

₹653 Cr

P/E Ratio

28.6

P/B Ratio

3.7

Div. Yield

0 %

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	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Market cap (₹ Cr)	215	11,602	1,809	1,098	1,148
Revenue (₹ Cr)	653	4,700	572	1,067	244
Net Profit (₹ Cr)	4.44	391.64	62.20	69.54	19.83
Net Margin (%)	0.68	8.17	10.84	6.33	7.73
RoE (%)	10.23	16.64	21.55	8.17	13.10
Price to Earnings	28.59	29.60	29.33	18.80	66.94
Price-To-Book	3.73	4.54	5.68	1.49	8.18

Income Statement (₹ Cr)

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Operating Revenue	618.75	4,265.27	545.81	1,053.19	158.31
Total Income	620.41	4,342.20	547.76	1,084.84	167.69
Total Expenditure	604.52	3,827.92	451.69	848.50	142.69
EBITDA	14.23	437.35	94.12	204.69	15.62
Depreciation	1.80	38.83	12.29	85.76	1.62
EBIT	12.43	398.52	81.82	118.93	14.00
Interest	8.23	27.20	11.45	60.85	1.86
Other Income	1.66	76.93	1.95	31.65	9.38
Exceptional Items	--	--	-1.20	23.89	--
Profit before Tax	9.18	448.25	71.99	89.73	21.52
Provision for Tax	1.88	69.92	19.15	-2.02	5.25
Profit after Tax	7.29	378.33	52.85	91.75	16.27

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Shareholder's Funds	74.13	2,451.63	300.38	738.88	117.71
Minority Interest	12.38	6.78	--	176.31	8.15
Non-Current Liabilities	0.19	152.08	59.66	364.93	6.19
Current Liabilities	127.08	1,009.69	180.21	464.15	11.99
Total Liabilities	215.51	3,620.18	540.25	1,823.65	144.25

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Non-Current Assets	57.92	1,270.80	340.58	1,202.61	41.35
Current Assets	155.85	2,349.38	199.67	541.66	102.69
Total Assets	215.51	3,620.18	540.25	1,823.65	144.25
Total Debt*	89.96	732.32	120.63	425.50	12.56
Net Current Assets	28.77	1,339.69	19.46	77.51	90.70
Contingent Liabilities	0.19	238.05	23.43	61.80	3.95

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Cash From Operating Activities	18.87	169.29	57.48	142.54	-18.67
Cash Flow from Investing Activities	-28.79	-363.89	-102.91	-55.54	-1.09
Cash from Financing Activities	20.24	177.86	44.38	-96.27	16.40
Net Cash Inflow / Outflow	10.32	-16.74	-1.04	-9.27	-3.36

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
ROCE (%)	11.71	17.18	22.76	13.11	20.73
ROE (%)	13.11	16.73	22.27	13.12	18.05
ROA (%)	3.69	12.11	11.30	5.32	12.58
EBIT Margin (%)	2.57	12.06	17.60	22.44	15.79
Net Margin (%)	1.18	8.71	9.65	8.46	9.70
Cash Profit Margin (%)	1.47	9.78	11.93	16.85	11.30

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Revenue Growth (%)	11.47	10.25	8.01	12.81	-34.06
EBIT Growth (%)	49.21	17.15	18.27	7.31	90.35
Net Profit Growth (%)	73.90	20.91	9.29	-8.83	88.73
EPS Growth (%)	73.75	21.26	3.91	-11.63	100.50
Book Value Growth (%)	4.70	18.44	68.66	12.08	17.43

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Price / Earnings	22.04	25.69	18.19	14.26	28.40
Price / Book Value	2.62	3.97	3.23	1.46	4.22
Dividend Yield (%)	0.00	0.48	0.61	0.13	0.00
EV/EBITDA	14.07	19.96	11.22	5.83	16.75
Market Cap (₹ Cr)	149.12	9,732.92	961.22	1,076.05	410.46

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Debt to Equity	1.58	0.30	0.40	0.58	0.13
Short term debt to equity ratio	1.19	0.21	0.24	0.06	0.06
Current Ratio	1.23	2.33	1.11	1.17	8.57
Quick Ratio	1.20	1.31	0.68	1.17	4.62
Interest Coverage	2.12	17.48	7.29	2.47	12.56

	Race Eco Chain	Gravita India	Tinna Rubber	Antony Waste	Nupur Recyclers
Debtors to sales (%)	16.15	10.10	12.27	30.58	9.91
Asset Turnover	3.13	1.37	1.17	0.61	1.22
Receivable days	64.69	30.21	36.17	101.80	31.87
Inventory Days	1.19	70.17	46.67	0.00	86.33
Payable days	19.91	5.71	70.36	3,306.73	1.58
Cash Conversion Cycle	45.98	94.67	12.48	-3,204.93	116.62

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.