Responsive Industries Ltd.

•

responsiveindustries.comBSE: 505509NSE: RESPONIND

Market Cap₹ 4,622 Cr.

Current Price

High / Low₹ 241 / 117

Stock P/E45.6

Book Value₹ 59

Price to Book2.17

Dividend Yield0.06 %

ROCE10.8 %

ROE10.2 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2013 • PVC Flooring and other PVC Products: 69.3% • Ropes: 30.7%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 43.5% CAGR over last 5 years
Operating margins have improved to 17.3% from 12.9%
Company has consistently been profitable over the last 5 years
Company generates healthy free cash flow
Company comfortably covers its interest (7.0x coverage)
Attractively priced for its growth - PEG of 0.6

CONS

Recent results are weak - TTM profit is down 51.4% versus prior year
Receivables are growing faster than sales - a possible quality concern
Working capital days have increased from 158 to 226 days
Effective tax rate is unusually low at 3.8% - earnings may be flattered
Valuation is stretched - P/E of 45.6 is well above its own 5-year median (25.3)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsPlastic ProductsPlastic Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUPREMEIND	3367.00	41.43	42769.95	1.07	280.72	38.76	2717.66	4.16	21.49	17.33
2.	ASTRAL	1410.10	65.83	37882.36	0.28	120.20	51.77	1578.00	15.93	19.95	14.65
3.	GRWRHITECH	6928.55	41.50	16096.68	0.17	132.65	59.78	633.08	27.90	18.08	27.17
4.	SHAILY	3279.80	85.33	15085.52	0.09	48.01	16.75	280.67	13.77	29.46	29.59
5.	FINPIPE	153.55	15.48	9527.42	1.79	114.52	16.67	883.58	-15.30	12.73	12.09
6.	TIMETECHNO	180.90	18.23	8929.86	0.83	1178.60	1120.71	16927.10	1151.40	17.37	13.25
7.	KINGFA	6197.25	37.21	8398.13	0.00	80.21	101.58	688.57	49.06	30.70	16.12
8.	RESPONIND	173.35	45.62	4621.66	0.06	2.74	-94.51	192.87	-43.06	10.76	12.09
9.	POLYPLEX	1135.00	22.94	3563.04	0.26	171.07	386.02	2253.62	29.62	1.51	13.15
10.	NILKAMAL	2054.70	24.60	3066.13	0.97	24.40	59.20	819.73	-7.18	10.76	9.44
11.	XPROINDIA	1294.90	93.05	3039.18	0.15	7.63	239.10	174.42	20.37	4.00	9.08
12.	PRINCEPIPE	266.40	28.84	2945.35	0.38	337.49	6900.41	6094.18	949.97	6.20	12.66

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	263	268	267	288	320	350	368	381	339	314	311	430	193
	215	207	201	221	249	277	295	302	266	237	265	384	191
Operating Profit	49	61	66	67	71	73	72	79	73	77	46	46	2
OPM %	18.43%	22.78%	24.86%	23.15%	22.28%	20.75%	19.67%	20.72%	21.43%	24.41%	14.85%	10.78%	0.83%
	2	5	1	9	2	2	3	2	2	3	2	3	2
Interest	5	8	5	5	5	5	7	7	5	7	6	8	4
Depreciation	14	15	16	21	17	18	18	17	18	18	18	18	18
Profit before Tax	32	43	47	50	51	52	51	56	52	55	24	24	4
Tax %	6.10%	5.77%	5.11%	7.98%	4.75%	5.45%	7.39%	3.42%	3.41%	2.54%	7.34%	4.24%	24.70%
Net Profit	0	0	0	0	48	49	47	54	50	53	22	23	3
	1.13	1.53	1.68	1.72	1.81	1.85	1.76	2.03	1.87	2.00	0.84	0.86	0.10

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,006	1,247	775	533	756	1,103	974	1,087	1,418	1,394	1,248
	1,846	1,135	660	436	628	994	864	844	1,123	1,152	1,077
Operating Profit	160	111	115	97	127	110	110	243	295	242	171
OPM %	7.97%	8.93%	14.89%	18.28%	16.84%	9.95%	11.29%	22.34%	20.81%	17.34%	13.68%
	18	14	24	28	-44	24	16	18	8	10	9
Interest	23	17	13	21	4	18	28	23	24	26	24
Depreciation	132	87	82	78	64	105	69	66	70	71	71
Profit before Tax	22	21	45	26	15	10	28	172	210	154	106
Tax %	65.66%	55.79%	34.60%	8.02%	-63.89%	98.46%	14.07%	6.29%	5.20%	3.85%	4.77%
Net Profit	8	9	29	24	24	0	24	161	199	148	101
EPS	0.41	0.41	1.09	0.92	1.54	0.00	0.91	6.05	7.46	5.57	—
Dividend Payout %	24.68%	24.38%	10.97%	10.85%	6.51%	3697.04%	10.93%	1.65%	1.34%	1.80%	—

COMPOUNDED SALES GROWTH

10 Years:: -5%
5 Years:: 13%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 23%
5 Years:: 30%
3 Years:: 83%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 6%
3 Years:: -18%
1 Year:: -13%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 9%
3 Years:: 14%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	26	26	26	26	26	26	27	27	27	27
Minority Interest	160	158	159	160	34	34	0	0	0	0
	863	871	896	917	941	942	946	1,110	1,319	1,532
	412	270	126	167	200	236	259	202	235	174
Trade Payables	31	24	6	38	46	112	70	158	96	57
	43	39	38	33	20	28	34	49	61	63
Total Liabilities	1,535	1,389	1,251	1,342	1,268	1,378	1,334	1,546	1,738	1,853
	801	765	692	617	915	820	691	815	797	740
	15	38	19	13	10	12	13	11	71	76
	125	117	77	54	102	187	214	126	191	206
	0	0	0	0	0	0	0	555	583	742
Cash & Bank	120	32	24	49	55	49	54	21	8	10
	474	437	440	610	185	310	362	18	88	79
Total Assets	1,535	1,389	1,251	1,342	1,268	1,378	1,334	1,546	1,738	1,853

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	126	154	324	99	148	-14	13	225	75	40
Cash from Investing	-36	-29	-253	-94	-166	-5	-5	-156	-102	49
Cash from Financing	-58	-177	-62	32	25	18	-10	-77	18	-87
	13	-64	-9	28	4	-7	-7	-8	-9	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.14	59.14	59.14	59.14	59.14	59.14	59.14	59.14	59.14
	35.12	34.77	32.48	31.62	31.41	30.60	31.23	32.20	7.48
	3.59	3.58	3.51	3.52	3.35	3.30	3.28	3.22	3.22
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.16	2.52	4.88	5.73	6.11	6.95	6.35	5.44	30.16

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

General Updates

2026-09-01 - Responsive Industries Limited has informed the Exchange about Disclosure Under Regulation 31(2) Of The SEBI (SAST) Regulations, 2011 & Regulation 7(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015

2026-08-26

Shareholders meeting

2026-08-26 - Responsive Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 24, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-24

Shareholders meeting

2026-08-24 - Responsive Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 24, 2026

2026-08-17

Copy of Newspaper Publication

2026-08-17 - Responsive Industries Limited has informed the Exchange about Newspaper Publication of Unaudited Financial Results for the quarter ended June 30, 2026

2026-08-14

Trading Window

2026-08-14 - Responsive Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-08-14

Outcome of Board Meeting

2026-08-14 - Responsive Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-01

Copy of Newspaper Publication

2026-08-01 - Responsive Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-01

Updates

2026-08-01 - Responsive Industries Limited has informed the Exchange regarding 'Letter to Shareholders for intimation of 44th AGM'.

2026-07-31

Record Date

2026-07-31 - Responsive Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Aug-2026.