Race Eco Chain (NSE:RACE) EBIT: ₹174 Mil (TTM As of Mar. 2026)


NSE:RACE Race Eco Chain Ltd NSE:RACE
78 GF Score
Price ₹111.39
GF Value ₹551.10
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Race Eco Chain EBIT?

Race Eco Chain NSE:RACE -1.15% 78 EBIT is ₹174 Mil as of Mar. 2026. GuruFocus rates NSE:RACE with a GF Score™ of 78/100 and a GF Value™ of ₹551.10 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Race Eco Chain's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹174 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Race Eco Chain's annualized ROC % for the quarter that ended in Mar. 2026 was 7.20%. Race Eco Chain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Race Eco Chain's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.22%.


Race Eco Chain  (NSE:RACE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Race Eco Chain's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=150.716 * ( 1 - 18.8% )/( (0 + 1700.586)/ 1 )
=122.381392/1700.586
=7.20 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2155.098 - 291.003 - ( 163.509 - max(0, 1270.777 - 1558.524+163.509))
=1700.586

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Race Eco Chain's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=196.852/( ( (0 + max(0, 0)) + (215.506 + max(851.65, 0)) )/ 1 )
=196.852/( ( 0 + 1067.156 )/ 1 )
=196.852/1067.156
=18.45 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(999.257 + 28.016 + 210.627) - (291.003 + 0 + 95.247)
=851.65

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Race Eco Chain's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=173.78/2793.562
=6.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Race Eco Chain EBIT Related Terms


Race Eco Chain EBIT Historical Data

* Premium members only.

The historical data trend for Race Eco Chain's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Race Eco Chain EBIT Chart

Race Eco Chain Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.60 24.88 55.04 97.87 173.78

Race Eco Chain Quarterly Data
Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.33 30.03 48.53 46.01 49.21

NSE:RACE vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Race Eco Chain's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Race Eco Chain EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Race Eco Chain's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Race Eco Chain's EV-to-EBIT falls into.


NSE:RACE
78GF Score
Race Eco Chain Ltd NSE:RACE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Race Eco Chain EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹174 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹174 Mil mean?
Race Eco Chain (NSE:RACE) has a EBIT of ₹174 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Race Eco Chain.
Is Race Eco Chain's EBIT too high?
Race Eco Chain's current EBIT is ₹174 Mil. Overall, Race Eco Chain has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's EBIT compare to WM and RSG?
Race Eco Chain's EBIT of ₹174 Mil can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Waste Management company?
A good EBIT depends on the Waste Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Race Eco Chain. Race Eco Chain's current EBIT is ₹174 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹551.10, compared to a current price of ₹111.39 — trading 79.8% below its estimated fair value. The current EBIT is ₹174 Mil. Race Eco Chain's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Race Eco Chain (NSE:RACE), the current EBIT is ₹174 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Race Eco Chain (NSE:RACE) Overvalued in 2026?

Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued. The current stock price of ₹111.39 is trading 79.8% below its estimated GF Value™ of ₹551.10. GuruFocus considers Race Eco Chain to be Significantly Undervalued.

Key valuation signals for NSE:RACE:

  • EBIT: ₹174 Mil
  • GF Value™: ₹551.10 vs. price of ₹111.39 (79.8% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the NSE:RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Race Eco Chain Business Description

Other Exchanges 537785:India
Address Sahibabad Industrial Area, 56/33, Site-IV, Ghaziabad, UP, IND, 201010
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
78GF Score

Get the complete analysis for NSE:RACE

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹111.39
Price
₹551.10
GF Value