Race Eco ChainNSE:RACE -0.16%76 Quick Ratio is 1.20 as of Mar. 2026, which is 10% below its 10-year median of 1.34. GuruFocus rates NSE:RACE with a GF Score™ of 76/100 and a GF Value™ of ₹551.39 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 248 Waste Management companies, Race Eco Chain ranks worse than 58.87% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Race Eco Chain's quick ratio for the quarter that ended in Mar. 2026 was 1.20.
Race Eco Chain has a quick ratio of 1.20. It generally indicates good short-term financial strength.
The historical rank and industry rank for Race Eco Chain's Quick Ratio or its related term are showing as below:
NSE:RACE'
s Quick Ratio Range Over the Past 10 Years
Min: 0.92 Med: 1.34 Max: 2.99
Current: 1.2
During the past 13 years, Race Eco Chain's highest Quick Ratio was 2.99. The lowest was 0.92. And the median was 1.34.
NSE:RACE's Quick Ratio is ranked worse than 58.87% of 248
companies
in the Waste Management industry
Industry Median: 1.42
vs NSE:RACE: 1.20
Race Eco Chain (NSE:RACE) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Race Eco Chain Quick Ratio Related Terms
Race Eco Chain Quick Ratio Historical Data
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The historical data trend for Race Eco Chain's Quick Ratio 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 Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Race Eco Chain's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Race Eco Chain's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Race Eco Chain's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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 Quick Ratio of 1.20 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Race Eco Chain and its competitors. This is 10% below median its historical median of 1.34. Over the past decade, Race Eco Chain's Quick Ratio has ranged from 0.92 to 2.99. According to the industry distribution chart, Race Eco Chain ranks #146 out of 248 companies in the Waste Management industry, placing it in the top 58.9%.
Is Race Eco Chain's Quick Ratio too high?
Race Eco Chain's current Quick Ratio of 1.20 is 10% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.99. The Waste Management industry median Quick Ratio is 1.42. Race Eco Chain's value of 1.20 is 15.5% below this industry median. Based on the distribution chart, Race Eco Chain ranks #146 out of 248 companies in the Waste Management industry, which is below the industry midpoint. Overall, Race Eco Chain has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's Quick Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #146 out of 248 companies for Quick Ratio. This places Race Eco Chain in the lower half of its industry. The industry median Quick Ratio is 1.42. Race Eco Chain's value of 1.20 is 15.5% below this benchmark. Historically, Race Eco Chain's own Quick Ratio has ranged from 0.92 to 2.99 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.42, 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 Quick Ratio for a Waste Management company?
The median Quick Ratio among Waste Management companies is 1.42, based on 248 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Race Eco Chain's current Quick Ratio of 1.20 is 15.5% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Race Eco Chain and its competitors. For the Waste Management industry, the median Quick Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current Quick Ratio is 1.20, which is 10% below median its own 10-year median of 1.34. 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 ₹551.39, compared to a current price of ₹111.21 — trading 79.8% below its estimated fair value. The current Quick Ratio is 1.20, which is 10% below median its 10-year median of 1.34 and 15.5% below the Waste Management industry median of 1.42. Race Eco Chain's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Race Eco Chain (NSE:RACE), the current Quick Ratio is 1.20 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 ₹111.21 is trading 79.8% below its estimated GF Value™ of ₹551.39.
GuruFocus considers Race Eco Chain to be Significantly Undervalued.
Key valuation signals for NSE:RACE:
Quick Ratio: 1.20 (10% below median its 10-year median of 1.34)
GF Value™: ₹551.39 vs. price of ₹111.21 (79.8% below fair value)
Industry Position: 15.5% below the Waste Management median (#146 of 248)
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.
76GF Score
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