Responsive Industries Ltd
Responsive Industries Limited, incorporated in 1982 is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products. [1]
- Market Cap ₹ 3,461 Cr.
- Current Price ₹ 130
- High / Low ₹ 251 / 117
- Stock P/E 19.2
- Book Value ₹ 55.2
- Dividend Yield 0.08 %
- 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
- 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.
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: | 5% |
| 5 Years: | -5% |
| 3 Years: | -1% |
| 1 Year: | -33% |
| 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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| Global Reach (Countries) 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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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
31 Mar - Ms Mohini Sharma resigned as Company Secretary & Compliance Officer effective close of business March 31, 2026.
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Disclosure Under Regulation 31(1) Of SEBI LODR Regulations, 2011
31 Mar - Promoter Fairpoint Tradecom LLP disclosed creation of pledge; disclosure submitted to exchanges on March 31, 2026.
- Closure of Trading Window 28 Mar
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Disclosure Under Regulation 31(1) Of SEBI SAST Regulations, 2011
24 Mar - Promoter Fairpoint Tradecom LLP disclosed creation of pledge on Responsive Industries shares; disclosure dated March 24, 2026.
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Announcement Under Regulation 30 - Clarification Regarding Disclosure Submitted By ESG Rating Provider
21 Mar - Company clarifies CFC Finlease submitted ESG disclosure for ISIN INE688D01026; company not engaged.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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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]