Race Eco Chain cash flow

Latest FY26

Cash from operations: ₹18.9cr−₹42.9 cr in FY25
Capital spending: ₹12.6cr+42.0% on FY25
Free cash flow: ₹6.3cr−₹51.7 cr in FY25
Cash from financing: ₹20.2cr−66.9% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024

Adjustments to reconcile profit — non-cash items
	—	−1.8	0.9	0.8
	—	8.2	4.2	2.9
	—	−1.1	−0.5	0.0
	—	−0.3	0.0	−0.0
	—	−0.0	0.0	0.0
Changes in working capital
	—	1.6	−0.3	−0.3
	—	19.5	−64.3	−18.5
	—	0.0	−0.2	0.0
	—	0.4	0.0	0.0
	—	−0.1	0.0	0.0
	—	−7.7	−10.9	−0.3
	—	−6.9	19.2	5.0
	—	0.0	4.1	0.0
	—	0.0	0.5	0.0
	—	2.8	0.0	−0.1
	—	0.0	0.0	−0.3
	—	0.0	0.0	0.0
	—	0.0	0.0	0.0
Cash from operating activities
	9.2	9.2	5.5	2.7
	—	11.4	−47.5	−10.8
	—	20.5	−42.0	−8.1
	—	0.0	0.0	−0.4
	—	1.7	0.8	0.0
	—	18.9	−42.9	−8.5
Cash from investing activities
	—	12.6	8.9	3.5
	—	0.0	14.2	7.0
	—	0.0	8.1	0.0
	—	0.0	0.0	0.2
	—	0.0	0.0	0.0
	—	0.0	6.3	0.0
	—	14.8	0.0	0.0
	—	6.1	−1.7	0.0
	—	1.1	0.5	0.4
	—	−8.6	−3.6	−7.9
	—	−28.8	−13.4	−18.2
Cash from financing activities
	—	0.0	46.2	0.0
	—	28.5	24.4	21.8
	—	0.0	0.0	0.2
	—	0.0	5.3	0.0
	—	8.2	4.2	2.9
	—	0.0	0.0	5.4
	—	20.2	61.1	24.1
	—	10.3	4.8	−2.7
	—	0.0	0.0	3.1
	—	10.3	4.8	0.4
	—	—	—	0.4
Reference items
	14.9	14.2	9.7	5.8
	2.3%	2.3%	1.8%	1.7%
	6.3	6.3	−51.7	−12.0
	—	26.5	−37.0	—
	₹3.64	₹3.64	−₹29.97	−₹6.96
	28.83×	—	—	—
	—	2.59×	−10.37×	−5.51×
	—	1.7	0.8	0.0
	—	8.2	4.2	2.9

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RACE₹104.93

Race Eco Chain Limited

· Energy & Power

₹ CrorePeersCEWATER AWHCL EMSLIMITED ECORECOMcap ₹181 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	0.8	0.9	-1.8	—
+ Finance Costs	2.9	4.2	8.2	—
+ Interest Income	0.0	-0.5	-1.1	—
+ Other Non-cash Items	-0.0	0.0	-0.3	—
+ Other Reconciling Items	0.0	0.0	-0.0	—
Changes in Working Capital
+ Inventories	-0.3	-0.3	1.6	—
+ Trade Receivables — Current	-18.5	-64.3	19.5	—
+ Trade Receivables — Non-current	0.0	-0.2	0.0	—
+ Other Financial Assets — Current	0.0	0.0	0.4	—
+ Other Financial Assets — Non-current	0.0	0.0	-0.1	—
+ Other Current Assets	-0.3	-10.9	-7.7	—
+ Trade Payables — Current	5.0	19.2	-6.9	—
+ Other Financial Liabilities — Current	0.0	4.1	0.0	—
+ Other Financial Liabilities — Non-current	0.0	0.5	0.0	—
+ Other Current Liabilities	-0.1	0.0	2.8	—
+ Other Non-current Liabilities	-0.3	0.0	0.0	—
+ Provisions — Current	0.0	0.0	0.0	—
+ Provisions — Non-current	0.0	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	2.7	5.5	9.2	9.2
+ Total Adjustments (incl. Working Capital)	-10.8	-47.5	11.4	—
Cash from Operations (pre-tax)	-8.1	-42.0	20.5	—
+ Interest Received — Operating	-0.4	0.0	0.0	—
+ Income Taxes Paid	0.0	0.8	1.7	—
Cash from Operating Activities	-8.5	-42.9	18.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	3.5	8.9	12.6	—
+ Acq of Investment Property	7.0	14.2	0.0	—
+ Disp of Investment Property	0.0	8.1	0.0	—
+ Acq of Other Long-term Assets	0.2	0.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	0.0	—
+ Share of Profits — Partnership Firms / LLPs	0.0	6.3	0.0	—
+ Loans & Advances Made	0.0	0.0	14.8	—
+ Dividends Received — Investing	0.0	-1.7	6.1	—
+ Interest Received — Investing	0.4	0.5	1.1	—
+ Other Inflows / (Outflows) — Investing	-7.9	-3.6	-8.6	—
Cash from Investing Activities	-18.2	-13.4	-28.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	46.2	0.0	—
+ Proceeds from Borrowings	21.8	24.4	28.5	—
+ Repayment of Borrowings	0.2	0.0	0.0	—
+ Payment of Lease Liabilities	0.0	5.3	0.0	—
+ Interest Paid	2.9	4.2	8.2	—
+ Other Inflows / (Outflows) — Financing	5.4	0.0	0.0	—
Cash from Financing Activities	24.1	61.1	20.2	—
Net Changes in Cash (pre-FX)	-2.7	4.8	10.3	—
+ Effect of FX Rate Changes on Cash	3.1	0.0	0.0	—
Net Changes in Cash	0.4	4.8	10.3	—
Closing Cash	0.4	—	—	—
Reference Items
EBITDA	5.8	9.7	14.2	14.9
EBITDA Margin %	1.66	1.75	2.30	2.28
Free Cash Flow (CFO − Capex)	-12.0	-51.7	6.3	6.3
Free Cash Flow to Equity	—	-37.0	26.5	—
Free Cash Flow per Basic Share	-6.96	-29.97	3.64	3.64
Price to Free Cash Flow	—	—	—	28.83
Cash Flow to Net Income	-5.51	-10.37	2.59	—
Cash Paid for Taxes	0.0	0.8	1.7	—
Cash Paid for Interest	2.9	4.2	8.2	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.