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Race Eco Chain (RACE)₹105.45−0.53%Waste Management
In the Jun 2026 quarter (consolidated), Race Eco Chain reported sales of ₹191 Cr, up 22.0% from Jun 2025, and net profit of ₹1.04 Cr, up 141.9% year on year. For the year to Mar 2026, sales were ₹619 Cr and net profit ₹7.03 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 78.97 | 72.67 | 85.27 | 86.54 | 106 | 168 | 194 | 157 | 148 | 131 | 182 | 191 |
| Expenses | 77.87 | 71.26 | 84.28 | 85.21 | 105 | 166 | 191 | 154 | 145 | 128 | 178 | 188 |
| Operating Profit | 1.18 | 1.49 | 1.05 | 1.41 | 1.86 | 3.04 | 3.42 | 2.92 | 3.68 | 3.36 | 4.29 | 3.59 |
| OPM % | 1.5% | 2.0% | 1.2% | 1.6% | 1.7% | 1.8% | 1.8% | 1.9% | 2.5% | 2.5% | 2.3% | 1.9% |
| Other Income | 0.05 | 0.14 | 0.60 | 0.14 | 0.09 | 0.27 | 0.43 | 0.34 | 1.69 | 1.76 | 1.14 | 1.03 |
| Interest | 0.76 | 0.76 | 0.83 | 0.92 | 1.00 | 0.74 | 1.54 | 1.64 | 1.97 | 2.05 | 2.50 | 2.46 |
| Depreciation | 0.14 | 0.15 | 0.42 | 0.31 | 0.18 | 0.19 | 0.23 | 0.26 | 0.53 | 0.52 | 0.52 | 0.77 |
| Profit before tax | 0.32 | 0.71 | 0.39 | 0.31 | 0.76 | 2.37 | 2.07 | 1.35 | 2.86 | 2.54 | 2.40 | 1.38 |
| Tax % | 33.2% | 18.0% | 70.0% | 68.7% | 5.2% | 25.6% | 23.5% | 69.0% | −3.2% | 23.1% | 18.6% | 25.8% |
| Net Profit | 0.23 | 0.60 | 0.12 | 0.12 | 0.74 | 1.78 | 1.60 | 0.43 | 2.98 | 1.96 | 1.97 | 1.04 |
| EPS (Rs) | 0.12 | 0.35 | 0.06 | 0.06 | 0.41 | 0.91 | 0.85 | 0.19 | 1.61 | 1.01 | 1.07 | 0.63 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 269 | 347 | 555 | 619 | 653 |
| Expenses | 267 | 343 | 546 | 606 | 639 |
| Operating Profit | 2.01 | 6.01 | 10.02 | 14.04 | 14.92 |
| OPM % | 0.8% | 1.7% | 1.8% | 2.3% | 2.3% |
| Other Income | 0.99 | 0.99 | 0.99 | 4.98 | 5.62 |
| Interest | 0.99 | 2.99 | 3.98 | 7.97 | 8.98 |
| Depreciation | 0.00 | 1.01 | 1.01 | 2.01 | 2.34 |
| Profit before tax | 1.99 | 2.99 | 5.99 | 8.99 | 9.18 |
| Tax % | 26.9% | 43.0% | 23.9% | 20.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.01 | 2.01 | 4.02 | 7.03 | 7.95 |
| EPS (Rs) | 0.78 | 0.93 | 2.24 | 3.91 | 4.32 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 15.95 | 15.94 | 16.93 | 16.92 |
| Reserves | 4.01 | 6.00 | 54.13 | 57.04 |
| Borrowings | 16.05 | 43.10 | 62.15 | 90.17 |
| Other Liabilities | 12.97 | 17.91 | 48.77 | 50.75 |
| Total Liabilities | 48.98 | 82.95 | 182 | 216 |
| Fixed Assets | 2.99 | 2.99 | 9.97 | 16.96 |
| CWIP | 0.00 | 7.99 | 0.99 | 4.99 |
| Investments | 0.00 | 1.01 | 13.99 | 11.99 |
| Other Assets | 45.99 | 70.96 | 157 | 182 |
| Inventories | 0.99 | 0.99 | 0.99 | 2.99 |
| Trade receivables | 36.94 | 54.87 | 119 | 99.82 |
| Cash & equivalents | 2.99 | 0.00 | 4.99 | 15.95 |
| Total Assets | 48.98 | 82.95 | 182 | 216 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | −14.95 | −8.98 | −42.90 | 18.95 |
| Cash from investing activity | 7.01 | −18.04 | −14.01 | −29.02 |
| Cash from financing activity | 9.99 | 23.95 | 60.88 | 19.96 |
| Net cash flow | 1.99 | −2.99 | 4.99 | 9.99 |
| Capex | 0.73 | 9.06 | 8.89 | 12.63 |
| Free cash flow | −15.05 | −18.07 | −43.17 | 6.02 |
| CFO / OP % | −698.0% | −146.9% | −427.9% | 145.1% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 50 | 58 | 79 | 59 |
| Inventory days | 1 | 1 | 1 | 2 |
| Days payable | 16 | 18 | 24 | 18 |
| Cash conversion cycle | 34 | 41 | 55 | 43 |
| Working capital days | 20 | 15 | 21 | 8 |
| ROCE % | — | 10.9% | 9.9% | 10.9% |
For the Jun 2026 quarter, Race Eco Chain reported sales of ₹191 Cr, up 22.0% year on year and net profit of ₹1.04 Cr, up 141.9% year on year. The operating margin was 1.9%.
Race Eco Chain's sales for the year to Mar 2026 were ₹619 Cr; over the last twelve months they were ₹653 Cr.
Net profit for the year to Mar 2026 was ₹7.03 Cr, and ₹7.95 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.32.
Race Eco Chain reported borrowings of ₹90.17 Cr at Mar 2026, against cash and equivalents of ₹15.95 Cr.
Cash from operations was ₹18.95 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹6.02 Cr.