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Race Eco Chain RACE.NS · INR

Industrials · NSE · 🇮🇳 India

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105.45

+0.58%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹6.19bn

FY2017FY2026

Net income

₹67.6m

FY2017FY2026

Free cash flow

−₹8.4m

FY2017FY2026

Shareholders' equity

₹741.3m

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹6.19bn₹5.55bn₹3.47bn₹2.69bn₹1.57bn₹587.2m₹158.3m₹501.9m₹552.4m₹350.9m
Gross profit₹163.7m₹114.0m₹101.7m₹64.4m₹47.4m₹32.3m₹10.4m₹19.3m₹25.7m₹19.5m
Operating income₹124.1m₹88.3m₹78.3m₹25.0m−₹3.3m−₹1.4m₹5.0m₹8.7m₹5.8m₹1.7m
Net income₹67.6m₹38.9m₹15.5m₹13.0m₹9.2m₹10.0m₹367,947₹507,497₹806,569₹1.2m
Diluted earnings per share3.672.260.980.790.560.610.020.030.060.08

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹2.16bn₹1.82bn₹829.6m₹491.8m₹336.6m₹321.8m₹268.8m₹352.4m₹386.9m₹240.9m
Cash and short-term investments₹155.9m₹57.1m₹4.3m₹32.7m₹11.0m₹41.3m₹109.9m₹85.5m₹6.6m₹2.3m
Total liabilities₹1.29bn₹1.04bn₹607.2m₹286.1m₹144.0m₹140.6m₹97.6m₹181.6m₹216.6m₹71.4m
Debt₹900.5m₹616.1m₹425.2m₹155.1m₹50.9m₹66.7m₹67.8m₹69.4m₹45.3m₹55.7m
Shareholders' equity₹741.3m₹715.7m₹222.1m₹205.7m₹192.7m₹181.1m₹171.2m₹170.8m₹170.3m₹169.5m
Shares outstanding18m17m16m16m16m16m17m20m15m16m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹117.6m−₹428.6m−₹85.3m−₹145.9m₹47.2m−₹51.0m−₹39.9m₹65.8m₹76.1m−₹1.6m
Capital spending−₹125.9m−₹88.7m−₹90.4m−₹7.2m−₹38.1m−₹2.3m−₹1.0m−₹1.1m−₹861,468−₹5.3m
Free cash flow−₹8.4m−₹517.3m−₹175.7m−₹153.1m₹9.2m−₹53.3m−₹40.9m₹64.7m₹75.2m−₹6.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹1.91bn₹1.82bn₹1.31bn₹1.48bn₹1.57bn₹1.94bn₹1.68bn₹1.06bn
Gross profit₹59.8m₹51.3m₹37.4m₹53.8m₹47.1m₹42.6m₹44.3m₹31.0m
Operating income₹48.5m₹37.7m₹28.3m₹31.5m₹26.6m₹32.0m₹28.5m₹16.8m
Net income₹11.0m₹18.6m₹17.6m₹28.0m₹3.5m₹14.8m₹15.8m₹40.4m
Diluted earnings per share0.601.011.021.620.200.861.002.55
Cash from operations———₹33.0m————
Capital spending———−₹52.0m————
Free cash flow———−₹19.0m————
Total assets—₹2.16bn—₹2.02bn—₹1.82bn—₹1.09bn
Cash and short-term investments₹155.9m₹155.9m₹104.6m₹104.6m₹57.1m₹52.7m₹258.6m₹258.7m
Debt—₹899.8m—₹712.2m—₹615.5m—₹215.5m
Shareholders' equity₹865.1m₹741.3m₹844.1m₹728.6m₹779.3m₹715.7m₹728.8m₹728.8m

Financial ratios

Data as of 31 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin2.6%2.1%2.9%2.4%3.0%5.5%
Operating margin2.0%1.8%1.6%0.9%0.9%3.6%
Net margin1.1%0.7%0.4%0.5%0.6%1.7%
Return on equity9.1%5.4%7.0%6.3%4.8%5.5%
Return on assets3.1%2.1%1.9%2.7%2.7%3.1%
Free cash flow yield12.9%-19.2%0.3%-8.2%5.1%-2.9%
Revenue growth11.5%59.7%29.1%71.2%167.7%271.0%
Earnings growth73.8%151.3%18.7%42.3%-8.0%2608.3%
Current ratio1.23x1.35x1.27x1.62x2.14x2.25x
Debt to equity1.21x0.86x1.68x0.75x0.25x0.37x
Equity ratio34.4%39.3%26.8%41.8%57.2%56.3%
Interest coverage1.51x2.29x1.88x3.55x3.55x3.32x
Buybacks as a share of market value-6.7%-9.0%3.6%-0.5%-0.9%1.8%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue32.0%60.2%30.9%
Operating income70.7%—32.8%
Net income73.1%46.7%54.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin2.4%2.5%2.6%2.8%
Operating margin1.8%1.8%1.5%1.5%
Net margin0.9%0.8%0.8%0.7%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023
Price to earnings29.062.6389.2471.9
Price to sales0.30.41.72.3

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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