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Race Eco Chain
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Race Eco Chain Ltd (Formerly known as Anisha Impex Limited) was incorporated in November 22, 1999. RACE ECO as the abbreviation suggests Recycling and Circular Economy is an environmentally conscious initiative with a mission to reduce the Carbon footprint caused by waste plastics. The Company is involved in aggregation of packaging plastic waste and channelizing it for recycling into consumer friendly products.
The Company is establishing its network by converting existing unorganized Eco chain to organized one. The complete vertical setup is responsible from the collection and audit of the waste to the end product to enable traceability. As an innovative initiative, the Company has built an Artificial Intelligence enabled App to convert the recyclers with the sellers, for better transparency and ease of doing business in the industry.
The Company focused on the transformational power of technology to address the decades-old problem of plastic waste. It is building an AI-driven (APP-based tech platform), asset light, end-to-end ESG technology solution which will help grow the unorganized waste management sector to an organized sector. These asset light models consists of warehouses in each district of the country to support recyclers that will be operated by the franchisees themselves. With the self-segregation model, the Company offer value-adding opportunities for waste entrepreneurs either in up-cycling products directly from consumers or recycling waste for higher industrial consumption. By doing so, the consumers can attract more commercial funding and partners throughout the waste value chain- from waste collection and transportation to waste processing.
Within a short span, with the help of existing dealers and recyclers base, the Company has been able to mark across 20 states within India. Currently, the Company is working closely with 17 Recyclers Pan India with collection network of 57 franchisee associates across the map. The Company intends to create district-wise pan India collection points. It is channelizing plastic waste to create downstream recycled products for consumer connect through the brand 'RESTORE'. This niche line of products is made from recycled plastic of the highest quality, promoting sustainability and providing e2e traceability. Through its 'RESTORE' division, the Company is selling recycled products under the same brand.
The Company is creating, designing and delivering exhaustive and customized learning programs to enhance employee capabilities and have a future ready workforce. Diversity and inclusion is a key business priority for the Company. It focused on inducting women across levels, with a focus on managerial lateral hiring. The Company aims to have a board comprising 50% of women by December 2021. There is also ongoing work on gender sensitivity in the organization and to build an inclusive ecosystem to build women talent pool both for managerial and non-managerial cadres. Currently, women are holding various leadership positions, where the Company continue to encourage trend and believe that equal opportunity starts with equitable access to career development opportunities and support.
The Company is committed to equitable compensation, and compensation levels are merit-based and determined by qualification, experience levels, special skills and individual performance. With consistent efforts, the Company wish to build as a preferred organization for all. Apart from this, the online AI and Big Data-enabled App seek to bring about scalability and transparency in the supply and demand chain.
Race Eco Chain share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Race Eco Chain indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Race Eco Chain is valued compared to its competitors.
Race Eco Chain PE ratio helps investors understand what is the market value of each stock compared to Race Eco Chain 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Race Eco Chain evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Race Eco Chain generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Race Eco Chain in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Race Eco Chain shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Race Eco Chain compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Race Eco Chain over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Race Eco Chain helps investors get an insight into when they can enter or exit the stock. Key components of Race Eco Chain Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Race Eco Chain shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Race Eco Chain ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Race Eco Chain provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Race Eco Chain highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Race Eco Chain .
The balance sheet presents a snapshot of Race Eco Chain ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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