Race Eco Chain Limited
Race Eco Chain Limited, together with its subsidiaries, engages in waste management activities in India. It operates through Misc. Old Economy Products, Recycle Division, Restore Division, Biomass Division, and IT Division segments. The company is involved in the collection and supply of recyclable waste, such as PET plastic bottle waste, non-PET plastic recycling, wastepaper, metal waste, and ot… Read more
Race Eco Chain Limited (RACE) - Net Assets
Latest net assets as of September 2025: ₹844.15 Million INR
Based on the latest financial reports, Race Eco Chain Limited (RACE) has net assets worth ₹844.15 Million INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹2.02 Billion) and total liabilities (₹1.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹844.15 Million |
| % of Total Assets | 41.81% |
| Annual Growth Rate | 30.43% |
| 5-Year Change | 330.2% |
| 10-Year Change | 363.16% |
| Growth Volatility | 86.59 |
Race Eco Chain Limited - Net Assets Trend (2009–2025)
This chart illustrates how Race Eco Chain Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Race Eco Chain Limited (2009–2025)
The table below shows the annual net assets of Race Eco Chain Limited from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹779.31 Million | +250.45% |
| 2024-03-31 | ₹222.37 Million | +8.11% |
| 2023-03-31 | ₹205.70 Million | +6.76% |
| 2022-03-31 | ₹192.67 Million | +6.36% |
| 2021-03-31 | ₹181.15 Million | +5.82% |
| 2020-03-31 | ₹171.18 Million | +0.22% |
| 2019-03-31 | ₹170.82 Million | +0.30% |
| 2018-03-31 | ₹170.31 Million | +0.48% |
| 2017-03-31 | ₹169.50 Million | +0.74% |
| 2016-03-31 | ₹168.26 Million | +0.08% |
| 2015-03-31 | ₹168.12 Million | +0.72% |
| 2014-03-31 | ₹166.92 Million | +146.71% |
| 2013-03-31 | ₹67.66 Million | +39.40% |
| 2012-03-31 | ₹48.53 Million | +262.19% |
| 2011-03-31 | ₹13.40 Million | +9.90% |
| 2010-03-31 | ₹12.19 Million | +9.72% |
| 2009-03-31 | ₹11.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Race Eco Chain Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9607600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹96.08 Million | 13.42% |
| Common Stock | ₹172.57 Million | 24.11% |
| Other Comprehensive Income | ₹172.04 Million | 24.04% |
| Other Components | ₹275.06 Million | 38.43% |
| Total Equity | ₹715.75 Million | 100.00% |
Race Eco Chain Limited Competitors by Market Cap
The table below lists competitors of Race Eco Chain Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GARUDA INDONESIA(P.)RP500
F:YGD
|
$7.43 Million |
|
Bharat Gears Limited
NSE:BHARATGEAR
|
$7.44 Million |
|
CaliberCos Inc. Class A Common Stock
NASDAQ:CWD
|
$7.44 Million |
|
Hydrogen Refueling Solutions
PA:ALHRS
|
$7.44 Million |
|
Booster Co. Ltd
KQ:008470
|
$7.43 Million |
|
FingerTango Inc.
PINK:FGRTF
|
$7.43 Million |
|
NextEye Co. Ltd
KQ:137940
|
$7.43 Million |
|
RPCG Public Company Limited
BK:RPC
|
$7.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Race Eco Chain Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 222,106,000 to 715,746,000, a change of 493,640,000 (222.3%).
- Net income of 38,929,000 contributed positively to equity growth.
- New share issuances of 462,440,000 increased equity.
- Other comprehensive income increased equity by 168,795,000.
- Other factors decreased equity by 176,524,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹38.93 Million | +5.44% |
| Share Issuances | ₹462.44 Million | +64.61% |
| Other Comprehensive Income | ₹168.79 Million | +23.58% |
| Other Changes | ₹-176.52 Million | -24.66% |
| Total Change | ₹- | 222.25% |
Book Value vs Market Value Analysis
This analysis compares Race Eco Chain Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.33x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 155.17x to 2.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-03-31 | ₹0.68 | ₹104.94 | x |
| 2010-03-31 | ₹0.74 | ₹104.94 | x |
| 2011-03-31 | ₹0.82 | ₹104.94 | x |
| 2012-03-31 | ₹2.95 | ₹104.94 | x |
| 2013-03-31 | ₹644.34 | ₹104.94 | x |
| 2014-03-31 | ₹1589.68 | ₹104.94 | x |
| 2015-03-31 | ₹10.23 | ₹104.94 | x |
| 2016-03-31 | ₹9.37 | ₹104.94 | x |
| 2017-03-31 | ₹10.93 | ₹104.94 | x |
| 2018-03-31 | ₹10.56 | ₹104.94 | x |
| 2019-03-31 | ₹10.10 | ₹104.94 | x |
| 2020-03-31 | ₹10.42 | ₹104.94 | x |
| 2021-03-31 | ₹11.02 | ₹104.94 | x |
| 2022-03-31 | ₹11.73 | ₹104.94 | x |
| 2023-03-31 | ₹12.52 | ₹104.94 | x |
| 2024-03-31 | ₹13.44 | ₹104.94 | x |
| 2025-03-31 | ₹45.05 | ₹104.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Race Eco Chain Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.70%
- • Asset Turnover: 3.04x
- • Equity Multiplier: 2.55x
- Recent ROE (5.44%) is above the historical average (3.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.67% | 0.02% | 1.80x | 16.49x | ₹-1.04 Million |
| 2010 | 8.86% | 0.37% | 1.78x | 13.61x | ₹-139.30K |
| 2011 | 9.01% | 0.56% | 2.69x | 5.96x | ₹-133.00K |
| 2012 | 2.33% | 0.35% | 1.59x | 4.14x | ₹-3.72 Million |
| 2013 | 1.66% | 0.33% | 1.76x | 2.87x | ₹-5.64 Million |
| 2014 | -0.11% | -0.05% | 1.51x | 1.58x | ₹-16.88 Million |
| 2015 | 0.72% | 0.29% | 1.73x | 1.45x | ₹-15.61 Million |
| 2016 | 0.53% | 0.21% | 1.35x | 1.84x | ₹-15.93 Million |
| 2017 | 0.73% | 0.35% | 1.46x | 1.42x | ₹-15.71 Million |
| 2018 | 0.47% | 0.15% | 1.43x | 2.27x | ₹-16.22 Million |
| 2019 | 0.30% | 0.10% | 1.42x | 2.06x | ₹-16.57 Million |
| 2020 | 0.21% | 0.23% | 0.59x | 1.57x | ₹-16.75 Million |
| 2021 | 5.50% | 1.70% | 1.82x | 1.78x | ₹-8.15 Million |
| 2022 | 4.76% | 0.58% | 4.67x | 1.75x | ₹-10.09 Million |
| 2023 | 6.34% | 0.48% | 5.47x | 2.39x | ₹-7.52 Million |
| 2024 | 6.97% | 0.45% | 4.19x | 3.74x | ₹-6.72 Million |
| 2025 | 5.44% | 0.70% | 3.04x | 2.55x | ₹-32.65 Million |
Industry Comparison
This section compares Race Eco Chain Limited's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $2,062,604,667
- Average return on equity (ROE) among peers: 16.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Race Eco Chain Limited (RACE) | ₹844.15 Million | 0.67% | 1.39x | $7.43 Million |
| Antony Waste Handling Cell Limited (AWHCL) | $3.00 Billion | 9.12% | 1.29x | $62.81 Million |
| Cerebra Integrated Technologies Limited (CEREBRAINT) | $2.56 Billion | 10.72% | 0.66x | $3.75 Million |
| Nupur Recyclers Limited (NRL) | $631.32 Million | 29.89% | 0.17x | $10.96 Million |