Race Eco ChainNSE:RACE -1.15%78 Net Margin % is 1.02% as of Mar. 2026, which is 117% above its 10-year median of 0.47. 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. Among 242 Waste Management companies, Race Eco Chain ranks worse than 59.92% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Race Eco Chain's Net Income for the
three
months ended in Mar. 2026 was ₹19 Mil. Race Eco Chain's Revenue for the
three
months ended in Mar. 2026 was ₹1,825 Mil. Therefore, Race Eco Chain's net margin for the quarter that ended in Mar. 2026 was 1.02%.
The historical rank and industry rank for Race Eco Chain's Net Margin % or its related term are showing as below:
NSE:RACE'
s Net Margin % Range Over the Past 10 Years
Min: 0.1 Med: 0.47 Max: 1.7
Current: 1.09
NSE:RACE's Net Margin % is ranked worse than 59.92% of 242
companies
in the Waste Management industry
Industry Median: 3.9
vs NSE:RACE: 1.09
Race Eco Chain (NSE:RACE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Race Eco Chain Net Margin % Related Terms
Race Eco Chain Net Margin % Historical Data
* Premium members only.
The historical data trend for Race Eco Chain's Net Margin % 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.
For the Waste Management subindustry, Race Eco Chain's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Race Eco Chain's Net Margin % distribution charts can be found below:
* The bar in red indicates where Race Eco Chain's Net Margin % falls into.
* 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 (NSE:RACE) has a Net Margin % of 1.02% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Race Eco Chain and its competitors. This is 117% above median its historical median of 0.47. Over the past decade, Race Eco Chain's Net Margin % has ranged from 0.10 to 1.70. According to the industry distribution chart, Race Eco Chain ranks #145 out of 242 companies in the Waste Management industry, placing it in the top 59.9%.
Is Race Eco Chain's Net Margin % too high?
Race Eco Chain's current Net Margin % of 1.02% is 117% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.70. The Waste Management industry median Net Margin % is 3.90. Race Eco Chain's value of 1.02% is 73.8% below this industry median. Based on the distribution chart, Race Eco Chain ranks #145 out of 242 companies in the Waste Management industry, which is below the industry midpoint. 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 Net Margin % compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #145 out of 242 companies for Net Margin %. This places Race Eco Chain in the lower half of its industry. The industry median Net Margin % is 3.90. Race Eco Chain's value of 1.02% is 73.8% below this benchmark. Historically, Race Eco Chain's own Net Margin % has ranged from 0.10 to 1.70 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 3.90, Race Eco Chain has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Waste Management company?
The median Net Margin % among Waste Management companies is 3.90, based on 242 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Race Eco Chain's current Net Margin % of 1.02% is 73.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Race Eco Chain and its competitors. For the Waste Management industry, the median Net Margin % is 3.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current Net Margin % is 1.02%, which is 117% above median its own 10-year median of 0.47. 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 Net Margin % is 1.02%, which is 117% above median its 10-year median of 0.47 and 73.8% below the Waste Management industry median of 3.90. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Race Eco Chain (NSE:RACE), the current Net Margin % is 1.02% 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:
Net Margin %: 1.02% (117% above median its 10-year median of 0.47)
GF Value™: ₹551.10 vs. price of ₹111.39 (79.8% below fair value)
Industry Position: 73.8% below the Waste Management median (#145 of 242)
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 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
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