Responsive Industries Ltd

₹ 204 -1.98%

14 Nov - 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 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]

Website BSE NSE

Market Cap ₹ 5,446 Cr.
Current Price ₹ 204
High / Low ₹ 290 / 156
Stock P/E 26.6
Book Value ₹ 55.2
Dividend Yield 0.05 %
ROCE 15.8 %
ROE 16.0 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 53.9% CAGR over last 5 years

Cons

Stock is trading at 3.70 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 SmallCap BSE Allcap BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	245	264	237	263	268	267	288	320	350	368	381	339	314
	231	228	195	215	207	201	221	249	277	295	302	266	237
Operating Profit	14	36	42	48	61	66	67	71	73	72	79	73	77
OPM %	6%	14%	18%	18%	23%	25%	23%	22%	21%	20%	21%	21%	24%
	5	3	3	2	5	1	9	2	2	3	2	2	3
Interest	8	7	6	5	8	5	5	5	5	7	7	5	7
Depreciation	16	15	15	14	15	16	21	17	18	18	17	18	18
Profit before tax	-5	18	24	32	43	47	50	51	52	51	56	52	55
Tax %	29%	6%	4%	6%	6%	5%	8%	5%	5%	7%	3%	3%	3%
	-6	17	23	30	41	45	46	48	49	47	54	50	53
EPS in Rs	-0.22	0.63	0.85	1.11	1.52	1.68	1.72	1.81	1.85	1.76	2.03	1.87	2.00
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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	1,401
	2,257	1,859	2,041	1,846	1,135	659	436	628	994	863	843	1,123	1,101
Operating Profit	258	248	206	160	112	116	98	128	110	110	244	295	300
OPM %	10%	12%	9%	8%	9%	15%	18%	17%	10%	11%	22%	21%	21%
	27	32	24	18	13	24	28	-44	24	16	18	8	9
Interest	31	26	26	23	17	13	21	4	18	28	23	24	26
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	213
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	204
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	7.66
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:	14%

Compounded Profit Growth
10 Years:	15%
5 Years:	54%
3 Years:	1418%
TTM:	9%

Stock Price CAGR
10 Years:	10%
5 Years:	6%
3 Years:	16%
1 Year:	-21%

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

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%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	58.94%	58.94%	58.94%	58.94%	58.94%	58.58%	58.58%	58.58%	58.58%	58.58%	58.58%	58.58%
	35.60%	35.67%	35.67%	35.45%	35.12%	35.08%	35.12%	34.77%	32.48%	31.62%	31.41%	30.60%
	3.56%	3.56%	3.56%	3.56%	3.57%	3.59%	3.59%	3.56%	3.51%	3.52%	3.35%	3.30%
	1.89%	1.82%	1.83%	2.06%	2.36%	2.76%	2.72%	3.08%	5.43%	6.30%	6.67%	7.52%
No. of Shareholders	7,863	7,009	6,473	10,237	12,781	14,277	14,974	16,566	18,643	18,028	17,859	17,625

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	59.51%	59.31%	50.13%	50.13%	49.58%	49.58%	58.94%	58.58%	58.58%	58.58%
	4.22%	4.22%	4.24%	4.22%	5.30%	5.36%	35.67%	35.08%	31.62%	30.60%
	3.98%	3.98%	3.95%	3.93%	3.67%	3.59%	3.56%	3.59%	3.52%	3.30%
	32.28%	32.49%	41.68%	41.71%	41.45%	41.47%	1.82%	2.76%	6.30%	7.52%
No. of Shareholders	1,874	2,981	2,214	2,814	4,154	5,931	7,009	14,277	18,028	17,625

* 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.

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