How has been the historical performance of the Race Eco?

Jun 06 2025 11:26 PM IST
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Race Eco has shown significant growth over the past three years, with net sales increasing from Rs 269.08 crore to Rs 555.10 crore and profit after tax rising from Rs 1.30 crore to Rs 4.13 crore, despite negative cash flow from operating activities. The company's financial metrics indicate robust revenue growth and improved profitability.
Answer:
The historical performance of Race Eco shows significant growth in key financial metrics over the past three years.

Breakdown:
Race Eco's net sales have increased from Rs 269.08 crore in March 2023 to Rs 555.10 crore in March 2025, indicating a strong upward trend. The total operating income followed a similar trajectory, rising from Rs 269.08 crore to Rs 555.10 crore during the same period. The company's operating profit (PBDIT) also saw substantial growth, climbing from Rs 2.93 crore in March 2023 to Rs 10.60 crore in March 2025. Profit before tax increased from Rs 1.79 crore to Rs 5.49 crore, while profit after tax rose from Rs 1.30 crore to Rs 4.13 crore. The earnings per share (EPS) improved significantly from Rs 0.79 in March 2023 to Rs 2.25 in March 2025. On the balance sheet, total liabilities increased from Rs 48.93 crore to Rs 82.96 crore, driven by a rise in short-term borrowings. Total assets also grew from Rs 48.93 crore to Rs 82.96 crore, reflecting the company's expanding operations. However, cash flow from operating activities remained negative, worsening from Rs -14.00 crore in March 2023 to Rs -8.00 crore in March 2024, while cash flow from financing activities improved significantly from Rs 9.00 crore to Rs 24.00 crore. Overall, Race Eco has demonstrated robust revenue growth and profitability improvements, despite challenges in cash flow management.
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