Debut Plus

₹105.69

▼ -2.67 -2.46%

As of 23 Oct 2026 · delayed

NSE Listed

ENCUMBRANCE
What does ENCUMBRANCE mean?
BSE · High Promoter / Non-promoter EncumbranceA large share of the stock is pledged as loan collateral. Practical meaning: a falling price can trigger lenders to invoke pledges and dump shares — a self-reinforcing crash risk — and promoter pledging signals owner-level balance-sheet stress beyond the company's own books.Criteria: High level of encumbered (pledged) shares held by promoter and non-promoter entities, flagged under SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 28(3).

Race Eco Chain Limited (RACE)

Volume: 35,099Avg Vol 1W: 1,11,949.4Avg Vol 1M: 74,501.752W Range:₹84.11₹234.99
NSE BSE www.anishaimpex.com AI Report
Key Ratios
Checked 15h ago
Market Cap₹182 Cr
Current Price₹105.69
Previous Close₹108.36
High / Low (52w)₹234.99 / ₹84.11
Volume35,099
Avg Vol (1W)1,11,949.4
Avg Vol (1M)74,501.7
Stock P/E24.24
Book Value₹32.99
Dividend Yield0%
ROE9.13%
ROA367%
Revenue (TTM)₹620 Cr
Revenue Growth59.8%
Profit Margin115.1%
Total Debt₹0 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹4.36
P/B3.2
Debt / Equity1.04
50 DMA₹105.51
200 DMA₹112.06
Day change-2.46%
SurveillanceENCUMBRANCE
Price Chart
₹105.69▼ 52.39% · 1Y
₹222₹866.8L
2025-10-27
2026-10-23

20-day avg volume: 75K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 72% YoY.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹106 Cr₹168 Cr₹194 Cr₹157 Cr₹148 Cr₹131 Cr₹182 Cr₹191 Cr
EBITDA₹2 Cr₹3 Cr₹4 Cr₹3 Cr₹4 Cr₹3 Cr₹4 Cr₹4 Cr
Net Profit₹1 Cr₹2 Cr₹1 Cr₹0 Cr₹3 Cr₹2 Cr₹2 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹139 Cr₹556 Cr₹99 Cr₹96 Cr₹79 Cr₹620 Cr₹108 Cr₹93 Cr
EBITDA₹3 Cr₹10 Cr₹2 Cr₹3 Cr₹3 Cr₹14 Cr₹4 Cr₹3 Cr
Net Profit₹1 Cr₹4 Cr₹0 Cr₹1 Cr₹0 Cr₹7 Cr₹1 Cr₹1 Cr
EPS—2.45———4.23——
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹27 Cr₹32 Cr₹34 Cr₹49 Cr₹83 Cr₹182 Cr₹216 Cr
Total Liabilities₹10 Cr₹14 Cr₹14 Cr₹29 Cr₹61 Cr₹104 Cr₹129 Cr
Equity₹17 Cr₹18 Cr₹19 Cr₹21 Cr₹22 Cr₹78 Cr₹87 Cr
Total Debt₹0 Cr₹0 Cr₹0 Cr————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-5 Cr₹5 Cr₹-15 Cr₹-9 Cr₹-42 Cr₹21 Cr
Investing₹10 Cr₹-6 Cr₹7 Cr₹-18 Cr₹-13 Cr₹-29 Cr
Financing₹-1 Cr₹-2 Cr₹10 Cr₹24 Cr₹61 Cr₹20 Cr
Free Cash Flow₹-5 Cr₹5 Cr₹-15 Cr₹-9 Cr₹-42 Cr₹21 Cr
Shareholding
Promoter 44.79% Institutions 0.01% Public 55.2%
Efficiency & Working Capital
ROCE10.6%
Interest Coverage2.1
Dividend Payout—
Debtor Days59 d
Inventory Days2 d
Payable Days17 d
Cash Conversion Cycle43 d
Working Capital Days61 d
Shareholding Details

As of 2026-09-30

Promoter44.8%
FII0%
DII0%
Institutions0%
Public55.2%
Promoter Pledge100%
No. of Shareholders7,077
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2024Sept 2024Oct 2024Oct 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters44.8%44.8%44.8%44.8%44.8%44.8%44.8%44.8%44.8%44.8%44.8%44.8%
FIIs0.2%0.1%0.1%0.1%0%0%0%0.7%0.7%0.7%0%0%
DIIs0%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0%
Public55%54.5%54.6%54.6%54.6%54.6%54.6%53.9%53.9%53.9%54.6%55.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%100%
No. of Shareholders4,2476,2466,3406,3406,6516,8427,0267,0356,9636,7966,7837,077
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Sangeeta PareekhShareholding of Promoter and Promoter Group25%43,20,000
Blp Equity Research Pvt LtdShareholding of Promoter and Promoter Group15.7%27,10,100
Puja MalikPublic Shareholding5.8%10,08,181
Dinesh PareekhShareholding of Promoter and Promoter Group4.1%7,00,000
Ashika Global Finance Private LimitedPublic Shareholding2.6%4,55,314
Ganesha Ecosphere LimitedPublic Shareholding2.6%4,54,989
Ganesha Ecoverse LimitedPublic Shareholding1.6%2,67,142
Share India Algoplus Private LimitedPublic Shareholding1.2%1,99,986
Om Praksh MantriPublic Shareholding1.2%2,00,000
Suirendra Kumar MaheshwariPublic Shareholding1%1,78,000
Bgp-11 Analytics Pvt LtdShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Sangeeta Pareekh43,20,000100%2026-09-30
Dinesh Pareekh7,00,000100%2026-09-30
Blp Equity Research Pvt Ltd27,10,100100%2026-09-30
Board of Directors
NameDesignationYear
Sunil Kumar MalikChairman & Managing Director2025
Sanjay KukrejaIndependent Non Exe. Director2025
Pranav VasanIndependent Non Exe. Director2025
Seema MalikIndependent Director2025
Lalit Kumar MalikNon Executive Director2025
SHIWATICompany Sec. & Compli. Officer2025
Anil BhelNon Executive Director2025
Segments — Product
SegmentRevenueShare
Recycle Division₹364 Cr95.2%
Restore Division₹10 Cr2.6%
Biomass Division₹8 Cr2.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10251717
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-12Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202629140094138
2026101006273
20261813002758
Insider / Designated-Person Trades

4 recent disclosure(s)

Sushant BehlAcquisition · 14,500
Manasvi BehlAcquisition · 12,000
Sushant BehlAcquisition · 14,500
Manasvi BehlAcquisition · 12,000
Substantial Acquisitions (SAST)

2 disclosure(s)

Pref. Allotment01/10/2024 · —
Pref. Allotment26/09/2024 · 3,70,000
Company Information
Incorporated1999
ChairmanSunil Kumar Malik
AuditorAkshay Singhla & Associates
Investor Email[email protected]; [email protected]
🌐 www.anishaimpex.com ↗

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