Responsive Industries Ltd
Responsive Industries Limited, incorporated in 1982 is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products. [1]
- Market Cap ₹ 3,864 Cr.
- Current Price ₹ 145
- High / Low ₹ 242 / 117
- Stock P/E 70.2
- Book Value ₹ 59.1
- Dividend Yield 0.07 %
- ROCE 10.8 %
- ROE 10.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Tax rate seems low
- Company has a low return on equity of 13.6% over last 3 years.
- Company has high debtors of 194 days.
- Company's cost of borrowing seems high
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,106 | 2,247 | 2,006 | 1,247 | 775 | 533 | 756 | 1,103 | 974 | 1,087 | 1,418 | 1,394 | 1,139 | |
| 1,859 | 2,041 | 1,846 | 1,135 | 659 | 436 | 628 | 994 | 863 | 843 | 1,123 | 1,152 | 994 | |
| Operating Profit | 248 | 206 | 160 | 112 | 116 | 98 | 128 | 110 | 110 | 244 | 295 | 242 | 146 |
| OPM % | 12% | 9% | 8% | 9% | 15% | 18% | 17% | 10% | 11% | 22% | 21% | 17% | 13% |
| 32 | 24 | 18 | 13 | 24 | 28 | -44 | 24 | 16 | 18 | 8 | 10 | 7 | |
| Interest | 26 | 26 | 23 | 17 | 13 | 21 | 4 | 18 | 28 | 23 | 24 | 26 | 22 |
| Depreciation | 166 | 173 | 132 | 87 | 82 | 78 | 64 | 105 | 69 | 66 | 70 | 71 | 71 |
| Profit before tax | 87 | 31 | 22 | 21 | 45 | 26 | 15 | 10 | 28 | 172 | 210 | 154 | 60 |
| Tax % | 29% | 39% | 66% | 56% | 35% | 8% | -64% | 98% | 14% | 6% | 5% | 4% | |
| 62 | 19 | 8 | 9 | 29 | 24 | 24 | 0 | 24 | 161 | 199 | 148 | 55 | |
| EPS in Rs | 1.85 | 0.68 | 0.40 | 0.40 | 1.08 | 0.91 | 1.51 | 0.00 | 0.91 | 6.05 | 7.46 | 5.57 | 2.04 |
| Dividend Payout % | 5% | 14% | 25% | 24% | 11% | 11% | 7% | 3,750% | 11% | 2% | 1% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 13% |
| 3 Years: | 82% |
| TTM: | -73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 4% |
| 3 Years: | -24% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 9% |
| 3 Years: | 14% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 27 | 27 | 27 | 27 | 27 |
| Reserves | 817 | 855 | 863 | 871 | 896 | 917 | 941 | 942 | 946 | 1,110 | 1,319 | 1,532 | 1,549 |
| 550 | 420 | 382 | 223 | 109 | 167 | 198 | 236 | 260 | 215 | 256 | 195 | 140 | |
| 261 | 402 | 263 | 268 | 220 | 232 | 102 | 174 | 102 | 194 | 136 | 100 | 124 | |
| Total Liabilities | 1,654 | 1,703 | 1,535 | 1,389 | 1,251 | 1,342 | 1,268 | 1,378 | 1,334 | 1,546 | 1,738 | 1,853 | 1,839 |
| 1,063 | 919 | 801 | 765 | 692 | 617 | 915 | 820 | 691 | 815 | 797 | 740 | 713 | |
| CWIP | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 8 | 14 | 15 | 38 | 19 | 13 | 10 | 12 | 13 | 11 | 71 | 76 | 10 |
| 583 | 763 | 718 | 586 | 540 | 712 | 343 | 546 | 630 | 720 | 870 | 1,038 | 1,116 | |
| Total Assets | 1,654 | 1,703 | 1,535 | 1,389 | 1,251 | 1,342 | 1,268 | 1,378 | 1,334 | 1,546 | 1,738 | 1,853 | 1,839 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 220 | 164 | 107 | 142 | 306 | 90 | 145 | -20 | 7 | 225 | 75 | 40 | |
| -80 | 32 | -36 | -29 | -253 | -94 | -166 | -5 | -5 | -156 | -102 | 49 | |
| -263 | -160 | -58 | -177 | -62 | 32 | 25 | 18 | -10 | -77 | 18 | -87 | |
| Net Cash Flow | -123 | 37 | 13 | -64 | -9 | 28 | 4 | -7 | -7 | -8 | -9 | 2 |
| Free Cash Flow | 142 | 168 | 97 | 109 | 32 | 89 | -269 | -28 | 0 | 35 | 24 | 25 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 98% | 84% | 79% | 138% | 280% | 101% | 116% | -13% | 12% | 94% | 29% | 19% |
Ratios
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 96 | 74 | 115 | 76 | 150 | 79 | 91 | 127 | 186 | 150 | 194 |
| Inventory Days | 13 | 8 | 26 | 41 | 51 | 59 | 71 | 81 | 114 | 66 | 73 | 76 |
| Days Payable | 4 | 36 | 6 | 9 | 4 | 42 | 32 | 48 | 37 | 83 | 37 | 21 |
| Cash Conversion Cycle | 62 | 68 | 94 | 148 | 123 | 167 | 118 | 124 | 204 | 169 | 186 | 249 |
| Working Capital Days | 29 | 37 | 33 | 72 | 51 | 52 | 29 | 55 | 92 | 108 | 153 | 221 |
| ROCE % | 7% | 4% | 3% | 3% | 5% | 4% | 6% | 2% | 5% | 15% | 16% | 11% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Number of Countries Exported To count |
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| Export Share of Revenue % |
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| Railways Share of Revenue % |
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| Capacity Utilization % |
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| Vinyl Planks Share of Revenue % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Reconstitution Of Committees W.E.F. October 30, 2026
- Responsive Industries reconstituted Audit, NRC and CSR committees effective October 30, 2026.
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Board Meeting Outcome for Approved Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026
- Board approved Q2 FY27 standalone and consolidated results for quarter and half year ended September 30, 2026.
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Board Meeting Intimation for Considering The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026
- Board meets on October 30, 2026 to approve Q2 and half-year unaudited results.
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Announcement under Regulation 30 (LODR)-Change in Management
- Sanjiv Swarup resigned as Non-Executive Independent Director effective October 22, 2026, citing personal and professional reasons.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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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]