Race Eco Chain Limited (RACE) Fair Value & Analysis
Industrials · IN · Market cap ₹2.0B
Fair value as of: Jul 3, 2026
From 15 valuation models · updated today
Share price −0.9% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹86.05 – ₹252.29 · fair‑value band ₹49.98 – ₹90.60 · the ₹113.00 price screens above the ₹66.63 fair value. As of Jul 3, 2026.
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Race Eco Chain Limited (RACE) currently trades at ₹113.00, while our model-based Fair Value estimate is ₹66.63 — implying the stock looks roughly 41.0% overvalued today. We read business quality at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, Race Eco Chain Limited generated revenue of ₹6.2B at a net margin of 1.1%. Revenue declined 5.9% year over year. It earns a return on equity of 8.9%. Net debt stands at ₹745M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
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 other wastes; and sale of biomass briquettes, such as mustard, sawdust, and groundnut briquettes. It also engages in supply chain management services; manufacture of various recycled products, including bags, cushions, curtains, table mats, home furnishing, madeup, and garments under the Restore brand; sale of fabric and other textile products; and development of IT enabled applications. The company offers its services to brands, recyclers, and waste suppliers. The company was formerly known as Anisha Impex Limited and changed its name to Race Eco Chain Limited in January 2021. Race Eco Chain …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Race Eco Chain Limited reported revenue of ₹6.2B in FY2026 versus ₹1.6B in FY2022, a compound +40.9%/yr. Reported net income was ₹67.6M in FY2026, compounding +64.8%/yr from FY2022.
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Similar stocks
6 more Waste Management stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Waste Management, Inc WM | $224.28 | $138.26 | -38% |
| UWS UWS | €187.85 | €118.88 | -37% |
| Republic Services, Inc RSG | $210.04 | $75.92 | -64% |
| Waste Connections, Inc WCN | $153.43 | $101.69 | -34% |
| Veolia Environnement SA VEOEF | $41.05 | $35.75 | -13% |
| Clean Harbors, Inc CLH | $288.64 | $87.21 | -70% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.