RACE
Race Eco financials
- Market cap
- ₹165 Cr
- Sector
- Utilities
Quarterly results
Q1 FY27: revenue up 21.9%, net profit up 145.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 106 | 168 | 194 | 157 | 148 +40% | 131 −22% | 182 −6% | 191 +22% |
| EBITDA | 2 | 3 | 3 | 3 | 4 +98% | 3 +11% | 4 +26% | 4 +23% |
| Net profit | 1 | 2 | 2 | 0 | 3 +307% | 2 +10% | 2 +23% | 1 +145% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −60.5% 1Y
1Y: ₹248.57 on 10 Sept 2025 → ₹98.12. High ₹248.57 (10 Sept 2025), low ₹86.05 (30 Mar 2026).
Financials, as filed
Revenue grew 33.4% a year over 2 years, FY24 to FY26. Operating margin widened to 2.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹347 Cr | ₹555 Cr | ₹619 Cr |
| Operating profit | ₹6 Cr | ₹10 Cr | ₹14 Cr |
| Operating margin | 1.6% | 1.7% | 2.3% |
| Interest | ₹3 Cr | ₹4 Cr | ₹8 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹2 Cr | ₹4 Cr | ₹7 Cr |
| Net margin | 0.5% | 0.8% | 1.2% |
| Cash from operations | ₹-9 Cr | ₹-43 Cr | ₹19 Cr |
| Free cash flow | ₹-18 Cr | ₹-43 Cr | ₹6 Cr |
| ROCE | 11.0% | 10.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹16 Cr | ₹16 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹4 Cr | ₹6 Cr | ₹56 Cr | ₹57 Cr |
| Borrowings | ₹16 Cr | ₹43 Cr | ₹71 Cr | ₹90 Cr |
| Other liabilities | ₹13 Cr | ₹18 Cr | ₹58 Cr | ₹51 Cr |
| Total liabilities | ₹49 Cr | ₹83 Cr | ₹202 Cr | ₹216 Cr |
| Fixed assets | ₹3 Cr | ₹3 Cr | ₹13 Cr | ₹17 Cr |
| Capital work in progress | ₹0 Cr | ₹8 Cr | ₹3 Cr | ₹5 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹13 Cr | ₹12 Cr |
| Other assets | ₹46 Cr | ₹71 Cr | ₹173 Cr | ₹182 Cr |
| Total assets | ₹49 Cr | ₹83 Cr | ₹202 Cr | ₹216 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 6,783.
- Promoters
- 44.8%
- FIIs
- 0.0%
- DIIs
- 0.6%
- Public
- 54.6%
Since Jun 2025
- FIIs +0.01 pp
- Public −0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 44.8%, Public 55.2%.Dec '23: Promoters 44.8%, Public 55.2%.Mar '24: Promoters 44.8%, FIIs 0.0%, Public 55.2%.Jun '24: Promoters 44.8%, FIIs 0.2%, Public 55.0%.Sep '24: Promoters 44.8%, FIIs 0.1%, DIIs 0.6%, Public 54.5%.Dec '24: Promoters 44.8%, DIIs 0.6%, Public 54.6%.Mar '25: Promoters 44.8%, FIIs 0.0%, DIIs 0.6%, Public 54.6%.Jun '25: Promoters 44.8%, DIIs 0.6%, Public 54.6%.Sep '25: Promoters 44.8%, FIIs 0.7%, DIIs 0.6%, Public 53.9%.Dec '25: Promoters 44.8%, FIIs 0.7%, DIIs 0.6%, Public 53.9%.Mar '26: Promoters 44.8%, FIIs 0.7%, DIIs 0.6%, Public 53.9%.Jun '26: Promoters 44.8%, FIIs 0.0%, DIIs 0.6%, Public 54.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Share India Securities Limited +0.79 pp 2.41% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Race Eco above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sangeeta Pareekh | 25.03% | unchanged |
| Blp Equity Research Private Limited | 15.70% | unchanged |
| Puja Malik | 5.84% | unchanged |
| Dinesh Pareekh | 4.06% | unchanged |
| Ashika Global Finance Private Limited | 2.64% | unchanged |
| Ganesha Ecosphere Limited | 2.64% | unchanged |
| Share India Securities Limited | 2.41% | +0.79 pp |
| Rohan Aggarwal | 1.63% | unchanged |
| Ganesha Ecoverse Limited | 1.55% | unchanged |
| Share India Algoplus Private Limited | 1.16% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Race Eco
Guides on how to read this kind of business and the numbers that matter.