Responsive Industries Ltd
Responsive Industries Limited, incorporated in 1982 is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products. [1]
- Market Cap ₹ 4,908 Cr.
- Current Price ₹ 184
- High / Low ₹ 267 / 156
- Stock P/E 196
- Book Value ₹ 36.1
- Dividend Yield 0.05 %
- ROCE 5.63 %
- ROE 3.38 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 5.10 times its book value
- The company has delivered a poor sales growth of 5.07% over past five years.
- Company has a low return on equity of 2.93% over last 3 years.
- Working capital days have increased from 52.4 days to 98.4 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,842 | 1,514 | 1,835 | 1,824 | 1,083 | 629 | 434 | 366 | 491 | 667 | 655 | 556 | 560 | |
| 1,659 | 1,338 | 1,665 | 1,689 | 990 | 522 | 346 | 314 | 417 | 596 | 562 | 447 | 456 | |
| Operating Profit | 183 | 176 | 170 | 135 | 93 | 107 | 88 | 52 | 74 | 70 | 93 | 109 | 104 |
| OPM % | 10% | 12% | 9% | 7% | 9% | 17% | 20% | 14% | 15% | 11% | 14% | 20% | 19% |
| 15 | 21 | 12 | 17 | 15 | 14 | 17 | 7 | 17 | 16 | 16 | 8 | 7 | |
| Interest | 29 | 26 | 26 | 23 | 17 | 13 | 21 | 4 | 25 | 26 | 20 | 23 | 25 |
| Depreciation | 106 | 123 | 128 | 99 | 66 | 62 | 57 | 43 | 44 | 43 | 46 | 52 | 52 |
| Profit before tax | 62 | 47 | 28 | 30 | 26 | 47 | 27 | 12 | 22 | 17 | 42 | 43 | 34 |
| Tax % | 19% | 30% | 37% | 35% | 50% | 39% | 8% | 45% | 29% | 24% | 26% | 26% | |
| 51 | 33 | 18 | 19 | 13 | 28 | 25 | 7 | 15 | 13 | 32 | 32 | 25 | |
| EPS in Rs | 1.90 | 1.24 | 0.67 | 0.73 | 0.49 | 1.06 | 0.93 | 0.24 | 0.57 | 0.48 | 1.19 | 1.19 | 0.93 |
| Dividend Payout % | 5% | 8% | 15% | 14% | 20% | 11% | 11% | 41% | 17% | 21% | 8% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 6% |
| 3 Years: | 32% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 0% |
| 3 Years: | 14% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| Reserves | 455 | 518 | 556 | 578 | 588 | 613 | 633 | 638 | 650 | 868 | 897 | 926 | 935 |
| 719 | 550 | 419 | 382 | 223 | 109 | 167 | 316 | 358 | 229 | 195 | 251 | 201 | |
| 95 | 70 | 224 | 84 | 133 | 48 | 58 | 51 | 111 | 57 | 61 | 70 | 65 | |
| Total Liabilities | 1,295 | 1,165 | 1,226 | 1,070 | 970 | 797 | 885 | 1,033 | 1,145 | 1,181 | 1,180 | 1,274 | 1,228 |
| 828 | 733 | 632 | 549 | 493 | 440 | 385 | 342 | 307 | 350 | 479 | 477 | 459 | |
| CWIP | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 35 | 33 | 39 | 40 | 59 | 210 | 300 | 460 | 488 | 448 | 445 | 446 | 445 |
| 432 | 398 | 547 | 480 | 418 | 146 | 200 | 231 | 351 | 383 | 256 | 351 | 325 | |
| Total Assets | 1,295 | 1,165 | 1,226 | 1,070 | 970 | 797 | 885 | 1,033 | 1,145 | 1,181 | 1,180 | 1,274 | 1,228 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 88 | 172 | 164 | 78 | 140 | 285 | 60 | 15 | 18 | 55 | 195 | 19 | |
| -119 | -26 | 24 | -31 | 19 | -159 | -91 | -158 | -34 | -18 | -146 | -53 | |
| 85 | -181 | -160 | -74 | -176 | -129 | 33 | 144 | 13 | -35 | -57 | 31 | |
| Net Cash Flow | 54 | -36 | 28 | -27 | -16 | -2 | 2 | 0 | -2 | 3 | -8 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 43 | 84 | 51 | 91 | 33 | 100 | 84 | 116 | 84 | 78 | 70 |
| Inventory Days | 10 | 14 | 8 | 25 | 43 | 56 | 67 | 124 | 174 | 138 | 75 | 185 |
| Days Payable | 6 | 6 | 44 | 6 | 24 | 3 | 52 | 43 | 88 | 20 | 21 | 36 |
| Cash Conversion Cycle | 46 | 51 | 48 | 70 | 111 | 86 | 115 | 165 | 201 | 201 | 132 | 220 |
| Working Capital Days | -21 | 3 | 7 | 4 | 22 | -3 | -23 | -20 | 26 | 48 | 10 | 98 |
| ROCE % | 8% | 6% | 5% | 5% | 5% | 7% | 6% | 2% | 4% | 4% | 6% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Demise
1d - Non-Executive Independent Director Ms. Mita Jha died December 21, 2025; company informed January 13, 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
1d - CFO Bhavneet Singh Chadha resigned effective January 12, 2026; company to appoint replacement.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - RTA certificate under Reg 74(5) confirming demat processing for quarter ended Dec 31, 2025; no requests received.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Jan
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 5 Jan
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Dec 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Jun 2024TranscriptPPT
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Sep 2023TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
Products
The company offers a diverse product range, including luxury vinyl planks, resilient vinyl sheets, synthetic leather, synthetic ropes, and waterproof membranes. Luxury vinyl planks and synthetic leather are used across various industries, such as residential and commercial spaces, healthcare, transportation, and more.[1]