Responsive Industries Ltd

Responsive Industries Ltd

₹ 312 -1.12%
18 Jun - close price
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]

  • Market Cap 8,326 Cr.
  • Current Price 312
  • High / Low 365 / 153
  • Stock P/E 51.6
  • Book Value 42.6
  • Dividend Yield 0.03 %
  • ROCE 14.7 %
  • ROE 15.1 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 41.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 1,254%

Cons

  • Stock is trading at 7.32 times its book value
  • Promoter holding has decreased over last quarter: -0.36%
  • The company has delivered a poor sales growth of 7.00% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.14% over last 3 years.
  • Company has high debtors of 186 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

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
207 176 293 312 325 227 245 264 237 263 268 267 288
178 153 261 280 300 210 231 228 195 215 207 201 221
Operating Profit 30 23 32 32 25 18 14 36 42 48 61 66 67
OPM % 14% 13% 11% 10% 8% 8% 6% 14% 18% 18% 23% 25% 23%
3 5 6 2 9 5 5 3 3 2 5 1 9
Interest 2 5 3 3 7 8 8 7 6 5 8 5 5
Depreciation 15 25 25 28 27 24 16 15 15 14 15 16 21
Profit before tax 15 -2 10 3 -0 -9 -5 18 24 32 43 47 50
Tax % 23% -10% 34% 108% -764% -8% -29% 6% 4% 6% 6% 5% 8%
12 -3 6 -0 -3 -9 -6 17 23 30 41 45 46
EPS in Rs 0.44 -0.10 0.23 -0.01 -0.12 -0.32 -0.22 0.63 0.85 1.11 1.52 1.68 1.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,186 2,515 2,106 2,247 2,006 1,247 775 533 756 1,103 974 1,087
1,936 2,257 1,859 2,041 1,846 1,135 659 436 628 994 863 844
Operating Profit 251 258 248 206 160 112 116 98 128 110 110 243
OPM % 11% 10% 12% 9% 8% 9% 15% 18% 17% 10% 11% 22%
10 27 32 24 18 13 24 28 -44 24 16 18
Interest 31 31 26 26 23 17 13 21 4 18 28 23
Depreciation 121 145 166 173 132 87 82 78 64 105 69 66
Profit before tax 108 108 87 31 22 21 45 26 15 10 28 172
Tax % 20% 24% 29% 39% 66% 56% 35% 8% -64% 98% 14% 6%
87 82 62 19 8 9 29 24 24 0 24 161
EPS in Rs 3.04 2.72 1.85 0.68 0.40 0.40 1.08 0.91 1.51 0.00 0.90 6.05
Dividend Payout % 3% 4% 5% 14% 25% 24% 11% 11% 7% 3,750% 11% 2%
Compounded Sales Growth
10 Years: -8%
5 Years: 7%
3 Years: 13%
TTM: 12%
Compounded Profit Growth
10 Years: 10%
5 Years: 41%
3 Years: 36%
TTM: 565%
Stock Price CAGR
10 Years: 13%
5 Years: 28%
3 Years: 28%
1 Year: 84%
Return on Equity
10 Years: 4%
5 Years: 6%
3 Years: 6%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 26 26 26 26 26 26 26 26 26 26 26 27
Reserves 605 739 817 855 863 871 896 917 941 942 977 1,110
753 799 550 420 382 223 109 167 198 236 257 215
148 279 261 402 263 268 220 232 102 174 140 194
Total Liabilities 1,532 1,843 1,654 1,703 1,535 1,389 1,251 1,342 1,268 1,378 1,401 1,546
1,026 1,150 1,063 919 801 765 692 617 915 820 757 815
CWIP 0 0 0 7 0 0 0 0 0 0 0 0
Investments 123 10 8 14 15 38 19 13 10 12 13 11
382 683 583 763 718 586 540 712 343 546 631 720
Total Assets 1,532 1,843 1,654 1,703 1,535 1,389 1,251 1,342 1,268 1,378 1,401 1,546

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
255 105 220 164 107 142 306 90 145 -20 7 226
-211 -48 -80 32 -36 -29 -253 -94 -166 -5 -5 -157
-65 90 -263 -160 -58 -177 -62 32 25 18 -10 -77
Net Cash Flow -21 146 -123 37 13 -64 -9 28 4 -7 -7 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 31 47 53 96 74 115 76 150 79 91 127 186
Inventory Days 15 10 13 8 26 41 51 59 71 81 114 66
Days Payable 6 5 4 36 6 9 4 42 32 48 41 83
Cash Conversion Cycle 41 52 62 68 94 148 123 167 118 124 200 169
Working Capital Days 40 51 62 56 67 118 102 166 110 123 181 180
ROCE % 10% 8% 7% 4% 3% 3% 5% 4% 6% 2% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 6,1246,6817,0085,9315,4786,5597,8637,0096,47310,23712,78114,277

* 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.

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Documents

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