Race Eco Chain Ltd, incorporated in 1999, is a significant player in India's circular economy, primarily engaged in the collection and supply of recyclable waste to recyclers, and the manufacturing of recycled products. The company underwent a strategic business model transformation in November 2020, shifting its focus to become an environmentally conscious enterprise with a mission to reduce the carbon footprint caused by plastic waste. Previously known as Anisha Impex Ltd, its prior business was in home textile products.
Race Eco Chain operates as a comprehensive waste management and recycling enterprise, positioning itself at the forefront of India's circular economy initiatives. The company aggregates plastic waste and produces recycled products, contributing to carbon footprint reduction. Its vertically integrated setup covers waste collection, auditing, and product creation, with an emphasis on employing AI for traceability. Race Eco Chain has embraced modern technology, developing an AI-powered app with blockchain for secure transactions, thereby connecting buyers and sellers efficiently.
Race Eco Chain Ltd has demonstrated robust financial performance and growth. As of May 6, 2025, it holds a market capitalization of ₹433 Crore and is classified as a Small Cap company. The company has achieved substantial revenue growth, with a 131.62% increase year-over-year to ₹168.69 Crore in Q3 FY2024-2025. Quarter-on-quarter, revenue jumped by 58.56%.
Profitability has also seen remarkable improvement, with a net profit increase of 167.8% year-over-year to ₹1.58 Crore in Q3 FY2024-2025. On a quarterly basis, net profits grew by 116.44%. The net profit margin expanded to 0.94% in Q3 FY2024-2025, a 15.62% increase from the previous year. Annually, Race Eco Chain has achieved an operating revenue of ₹350.59 Crore on a trailing 12-month basis, with an outstanding annual revenue growth of 29%. The company maintains a strong balance sheet, being debt-free, which enables stable earnings growth across business cycles.
- Q3 FY2024-25 Performance: Net Sales of ₹168.69 Crore, Net Profit of ₹1.58 Crore
- Q3 FY2024-25 Net Profit Margin: 0.94%
- TTM Revenue (as of May 6, 2025): ₹350.59 Crore
- Annual Revenue Growth (TTM): 29%
- Market Capitalization: ₹433 Crore (as of May 6, 2025)
- Promoter Holding: 44.8%
Race Eco Chain operates through distinct business segments, covering various facets of waste management and recycling. These segments include the Recycle division, Restore division, Biomass division, and Other waste division. The company handles multiple waste types such as PET Plastic Bottle Waste, Non-PET Plastic Recycling, Wastepaper, and Metal Waste. This diversification allows Race Eco Chain to serve multiple markets and mitigate risks associated with reliance on a single waste stream.
Beyond conventional recycling, the company has ventured into sustainable energy solutions by supplying biomass fuel to industries in the form of Mustard Briquettes, Sawdust Briquettes, and Groundnut Briquettes. A key differentiator is the integration of technology, notably an AI-enabled app using blockchain for transactions, connecting buyers and sellers.
The company's manufacturing capabilities extend to producing high-quality recycled products. Certified by GRS (Global Recycled Standard) for its mills, it offers traceable recycled PET fabric, establishing Race Eco Chain as a reliable partner for businesses seeking certified sustainable materials.
Race Eco Chain's operational scope is diversified across several key areas within waste management and recycling:
- Recycling Division: Focuses on collecting and processing various waste streams like PET plastic, non-PET plastics, wastepaper, and metal.
- Restore Division: Involved in the process of restoring or reprocessing materials.
- Biomass Division: Supplies sustainable biomass fuels such as Mustard Briquettes, Sawdust Briquettes, and Groundnut Briquettes for industrial use.
- Other Waste Division: Caters to miscellaneous waste management needs.
The company's strategy emphasizes vertical integration from waste collection to product manufacturing, enhanced by technological adoption. The use of an AI-powered app with blockchain technology for transactions and traceability aims to streamline operations and build trust with stakeholders. By producing GRS-certified recycled products, Race Eco Chain targets businesses looking for certified sustainable material suppliers.
While specific future expansion plans for Race Eco Chain Ltd were not detailed in the provided text, the company's current operational model and strategic focus on technology integration, vertical expansion in waste management, and supply of sustainable biomass fuels indicate a clear direction towards growth. The significant revenue and profit growth in recent quarters, coupled with a debt-free status, positions the company well to capitalize on the increasing demand for sustainable waste management solutions and the circular economy in India. Its commitment to technology, such as AI and blockchain, suggests initiatives to further enhance efficiency, traceability, and market reach.
Race Eco Chain Ltd represents a growing opportunity in India's environmentally conscious sector, driven by strong financial performance, diversified operations, and a strategic focus on sustainability and technological advancement in waste management.
