Responsive Industries Ltd
Responsive Industries Limited, incorporated in 1982 is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products. [1]
- Market Cap ₹ 4,454 Cr.
- Current Price ₹ 167
- High / Low ₹ 251 / 117
- Stock P/E 24.7
- Book Value ₹ 55.2
- Dividend Yield 0.06 %
- ROCE 15.8 %
- ROE 16.0 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 53.9% CAGR over last 5 years
Cons
- Stock is trading at 3.00 times its book value
- Tax rate seems low
- Company has a low return on equity of 11.8% over last 3 years.
- Company has high debtors of 150 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Furniture, Home Furnishing
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,515 | 2,106 | 2,247 | 2,006 | 1,247 | 775 | 533 | 756 | 1,103 | 974 | 1,087 | 1,418 | 1,344 | |
| 2,257 | 1,859 | 2,041 | 1,846 | 1,135 | 659 | 436 | 628 | 994 | 863 | 843 | 1,123 | 1,070 | |
| Operating Profit | 258 | 248 | 206 | 160 | 112 | 116 | 98 | 128 | 110 | 110 | 244 | 295 | 274 |
| OPM % | 10% | 12% | 9% | 8% | 9% | 15% | 18% | 17% | 10% | 11% | 22% | 21% | 20% |
| 27 | 32 | 24 | 18 | 13 | 24 | 28 | -44 | 24 | 16 | 18 | 8 | 8 | |
| Interest | 31 | 26 | 26 | 23 | 17 | 13 | 21 | 4 | 18 | 28 | 23 | 24 | 25 |
| Depreciation | 145 | 166 | 173 | 132 | 87 | 82 | 78 | 64 | 105 | 69 | 66 | 70 | 71 |
| Profit before tax | 108 | 87 | 31 | 22 | 21 | 45 | 26 | 15 | 10 | 28 | 172 | 210 | 187 |
| Tax % | 24% | 29% | 39% | 66% | 56% | 35% | 8% | -64% | 98% | 14% | 6% | 5% | |
| 82 | 62 | 19 | 8 | 9 | 29 | 24 | 24 | 0 | 24 | 161 | 199 | 180 | |
| EPS in Rs | 2.72 | 1.85 | 0.68 | 0.40 | 0.40 | 1.08 | 0.91 | 1.51 | 0.00 | 0.91 | 6.05 | 7.46 | 6.74 |
| Dividend Payout % | 4% | 5% | 14% | 25% | 24% | 11% | 11% | 7% | 3,750% | 11% | 2% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | 22% |
| 3 Years: | 9% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 54% |
| 3 Years: | 1418% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 0% |
| 3 Years: | 2% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 9% |
| 3 Years: | 12% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 27 | 27 | 27 | 27 |
| Reserves | 739 | 817 | 855 | 863 | 871 | 896 | 917 | 941 | 942 | 946 | 1,110 | 1,319 | 1,445 |
| 799 | 550 | 420 | 382 | 223 | 109 | 167 | 198 | 236 | 260 | 215 | 256 | 205 | |
| 279 | 261 | 402 | 263 | 268 | 220 | 232 | 102 | 174 | 102 | 194 | 136 | 183 | |
| Total Liabilities | 1,843 | 1,654 | 1,703 | 1,535 | 1,389 | 1,251 | 1,342 | 1,268 | 1,378 | 1,334 | 1,546 | 1,738 | 1,860 |
| 1,150 | 1,063 | 919 | 801 | 765 | 692 | 617 | 915 | 820 | 691 | 815 | 797 | 771 | |
| CWIP | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 10 | 8 | 14 | 15 | 38 | 19 | 13 | 10 | 12 | 13 | 11 | 71 | 72 |
| 683 | 583 | 763 | 718 | 586 | 540 | 712 | 343 | 546 | 630 | 720 | 870 | 1,016 | |
| Total Assets | 1,843 | 1,654 | 1,703 | 1,535 | 1,389 | 1,251 | 1,342 | 1,268 | 1,378 | 1,334 | 1,546 | 1,738 | 1,860 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 105 | 220 | 164 | 107 | 142 | 306 | 90 | 145 | -20 | 7 | 225 | 75 | |
| -48 | -80 | 32 | -36 | -29 | -253 | -94 | -166 | -5 | -5 | -156 | -102 | |
| 90 | -263 | -160 | -58 | -177 | -62 | 32 | 25 | 18 | -10 | -77 | 18 | |
| Net Cash Flow | 146 | -123 | 37 | 13 | -64 | -9 | 28 | 4 | -7 | -7 | -8 | -9 |
| Free Cash Flow | -68 | 142 | 168 | 97 | 109 | 32 | 89 | -269 | -28 | 0 | 35 | 24 |
| CFO/OP | 41% | 98% | 84% | 79% | 138% | 280% | 101% | 116% | -13% | 12% | 94% | 29% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 47 | 53 | 96 | 74 | 115 | 76 | 150 | 79 | 91 | 127 | 186 | 150 |
| Inventory Days | 10 | 13 | 8 | 26 | 41 | 51 | 59 | 71 | 81 | 114 | 66 | 73 |
| Days Payable | 5 | 4 | 36 | 6 | 9 | 4 | 42 | 32 | 48 | 37 | 83 | 37 |
| Cash Conversion Cycle | 52 | 62 | 68 | 94 | 148 | 123 | 167 | 118 | 124 | 204 | 169 | 186 |
| Working Capital Days | -8 | 29 | 37 | 33 | 72 | 51 | 52 | 29 | 55 | 92 | 108 | 153 |
| ROCE % | 8% | 7% | 4% | 3% | 3% | 5% | 4% | 6% | 2% | 5% | 15% | 16% |
Insights
In beta| Mar 2014 | Mar 2015 | Feb 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtors Turnover (Days) Days |
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| Total Installed Capacity MT per month |
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| Domestic Active Distributors Number |
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| Capacity Utilization % |
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| Synthetic Leather Capacity (Standalone Part of Total) MT per month ・Standalone data |
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| Total Production Volume '000 Sq.Mtrs./Kgs |
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| Vinyl Flooring Capacity (Standalone Part of Total) MT per month ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Approval Of Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2026 And Final Dividend For The FY 25-26
18 May - Board meeting on May 26, 2026 to approve FY26 audited standalone and consolidated results, and consider dividend.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 May - Responsive scales White Label/OEM business and secures strategic partnerships across domestic and international markets.
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Announcement under Regulation 30 (LODR)-Change in Management
5 May - Mr. Jayesh Jain appointed Company Secretary, Compliance Officer and KMP effective May 4, 2026.
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Appointment of Company Secretary and Compliance Officer
5 May - Mr. Jayesh Jain appointed Company Secretary, Compliance Officer and KMP effective May 4, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
4 May - Mr. Jayesh Jain appointed Company Secretary, Compliance Officer and KMP effective May 4, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Feb 2026TranscriptAI SummaryPPT
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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]