Responsive Industries Ltd

₹ 288 -0.66%

26 Apr - close price

responsiveindustries.com BSE: 505509 NSE : RESPONIND

About

Responsive Industries Limited, incorporated in 1982 is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products. ^[1]

Key Points

Products
The Company’s main products include Vinyl Flooring, Synthetic Leather, and Luxury Vinyl Tile (LVT), having 30+ product categories within. It caters to 25 end-user industries ranging from hospitals, health care, transportation, real estate – offices, and residences.{#https://www.bseindia.com/bseplus/AnnualReport/505509/77145505509.pdf#page=21 #} {#https://www.responsiveindustries.com/ #}
It has a presence in the shipping ropes business through its subsidiary Axiom Cordages Limited. ^[1]

Website BSE NSE

Market Cap ₹ 7,666 Cr.
Current Price ₹ 288
High / Low ₹ 365 / 146
Stock P/E 302
Book Value ₹ 26.1
Dividend Yield 0.03 %
ROCE 4.79 %
ROE 1.64 %
Face Value ₹ 1.00

Add ratio to table

Edit ratios

Pros

Company has been maintaining a healthy dividend payout of 27.6%

Cons

Stock is trading at 11.0 times its book value
Promoter holding has decreased over last quarter: -0.36%
The company has delivered a poor sales growth of -13.1% over past five years.
Company has a low return on equity of 1.55% over last 3 years.

* 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.

Peer comparison

Sector: Plastic products Industry: Plastics Products

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	103.42	108.09	66.37	107.28	151.23	165.64	153.58	128.52	145.34	141.17	166.78	170.01	138.38
	80.68	94.39	50.40	87.31	128.03	151.00	138.78	110.59	126.92	127.04	147.27	145.13	111.63
Operating Profit	22.74	13.70	15.97	19.97	23.20	14.64	14.80	17.93	18.42	14.13	19.51	24.88	26.75
OPM %	21.99%	12.67%	24.06%	18.61%	15.34%	8.84%	9.64%	13.95%	12.67%	10.01%	11.70%	14.63%	19.33%
	1.70	2.59	4.52	2.77	1.81	9.13	4.89	5.43	3.25	3.38	3.05	3.89	1.46
Interest	0.40	3.23	7.25	5.26	4.96	9.13	9.41	10.65	6.80	5.83	6.23	7.29	4.72
Depreciation	10.87	9.09	10.80	10.93	10.71	11.42	8.13	8.31	10.64	8.00	8.59	11.61	11.72
Profit before tax	13.17	3.97	2.44	6.55	9.34	3.22	2.15	4.40	4.23	3.68	7.74	9.87	11.77
Tax %	24.98%	80.60%	28.28%	25.95%	26.12%	43.79%	16.74%	22.95%	26.71%	25.82%	23.64%	25.23%	20.48%
	9.88	0.77	1.75	4.85	6.90	1.80	1.79	3.39	3.09	2.72	5.92	7.38	9.36
EPS in Rs	0.37	0.03	0.07	0.18	0.26	0.07	0.07	0.13	0.12	0.10	0.22	0.28	0.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	1,071	1,519	1,842	1,514	1,835	1,824	1,083	629	434	366	491	538	616
	955	1,350	1,659	1,338	1,665	1,689	990	522	346	314	417	473	531
Operating Profit	116	169	183	176	170	135	93	107	88	52	74	65	85
OPM %	11%	11%	10%	12%	9%	7%	9%	17%	20%	14%	15%	12%	14%
	5	3	15	21	12	17	15	14	17	7	17	17	12
Interest	6	28	29	26	26	23	17	13	21	4	25	35	24
Depreciation	54	92	106	123	128	99	66	62	57	43	44	32	40
Profit before tax	61	52	62	47	28	30	26	47	27	12	22	14	33
Tax %	19%	9%	19%	30%	37%	35%	50%	39%	8%	45%	29%	24%
	49	47	51	33	18	19	13	28	25	7	15	11	25
EPS in Rs	1.83	1.77	1.90	1.24	0.67	0.73	0.49	1.06	0.93	0.24	0.57	0.41	0.95
Dividend Payout %	5%	6%	5%	8%	15%	14%	20%	11%	11%	41%	17%	24%

Compounded Sales Growth
10 Years:	-10%
5 Years:	-13%
3 Years:	7%
TTM:	4%

Compounded Profit Growth
10 Years:	-13%
5 Years:	-2%
3 Years:	-22%
TTM:	152%

Stock Price CAGR
10 Years:	12%
5 Years:	27%
3 Years:	20%
1 Year:	93%

Return on Equity
10 Years:	4%
5 Years:	3%
3 Years:	2%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	27	27	27	27	27	27	27	27	27	27	27	27	27
Reserves	357	406	455	518	556	578	588	613	633	638	650	659	669
	529	575	719	550	419	382	223	109	167	316	358	349	326
	87	88	95	70	224	84	133	48	58	51	111	68	67
Total Liabilities	1,000	1,095	1,295	1,165	1,226	1,070	970	797	885	1,033	1,145	1,102	1,089
	719	741	828	733	632	549	493	440	385	342	307	279	284
CWIP	0	0	0	0	7	0	0	0	0	0	0	0	0
Investments	73	73	35	33	39	40	59	210	300	460	488	488	487
	208	281	432	398	547	480	418	146	200	231	351	334	318
Total Assets	1,000	1,095	1,295	1,165	1,226	1,070	970	797	885	1,033	1,145	1,102	1,089

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	28	101	88	172	164	78	140	285	60	15	18	49
	-369	-94	-119	-26	24	-31	19	-159	-91	-158	-34	-2
	354	-5	85	-181	-160	-74	-176	-129	33	144	13	-46
Net Cash Flow	14	1	54	-36	28	-27	-16	-2	2	0	-2	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	23	32	42	43	84	51	91	33	100	84	116	99
Inventory Days	25	17	10	14	8	25	43	56	67	124	174	162
Days Payable	10	8	6	6	44	6	24	3	52	43	88	31
Cash Conversion Cycle	38	41	46	51	48	70	111	86	115	165	201	230
Working Capital Days	40	41	44	49	30	41	74	60	116	146	179	182
ROCE %	9%	8%	8%	6%	5%	5%	5%	7%	6%	2%	4%	5%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	49.58%	49.58%	49.58%	49.58%	49.58%	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.58%
	5.34%	5.37%	5.34%	5.36%	5.36%	35.69%	35.60%	35.67%	35.67%	35.45%	35.12%	35.08%
	3.60%	3.59%	3.59%	3.59%	3.56%	3.56%	3.56%	3.56%	3.56%	3.56%	3.57%	3.59%
	41.48%	41.47%	41.49%	41.47%	41.50%	1.82%	1.89%	1.82%	1.83%	2.06%	2.36%	2.76%
No. of Shareholders	6,124	6,681	7,008	5,931	5,478	6,559	7,863	7,009	6,473	10,237	12,781	14,277

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	59.51%	59.31%	50.13%	50.13%	49.58%	49.58%	58.94%	58.58%
	4.22%	4.22%	4.24%	4.22%	5.30%	5.36%	35.67%	35.08%
	3.98%	3.98%	3.95%	3.93%	3.67%	3.59%	3.56%	3.59%
	32.28%	32.49%	41.68%	41.71%	41.45%	41.47%	1.82%	2.76%
No. of Shareholders	1,874	2,981	2,214	2,814	4,154	5,931	7,009	14,277

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

All

Annual reports

Credit ratings

Concalls

Sep 2023

Transcript

Notes
PPT
Feb 2020

Transcript

Notes
PPT
Nov 2019

Transcript

Notes
PPT
Aug 2019

Transcript

Notes
PPT
May 2019

Transcript

Notes
PPT
Aug 2018

Transcript

Notes
PPT
Aug 2018

Transcript

Notes
PPT