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Responsive Industries Ltd (RESPONIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505509 NSE: RESPONIND Plastic Products | Small Cap | Responsive Inds. Share Price

₹167.25 0.40 (0.24%)

As on 12-Aug'26 16:59

Responsive Industries Ltd (RESPONIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505509 NSE: RESPONIND Plastic Products | Small Cap | Responsive Inds. Share Price

₹167.25 0.40 (0.24%)

As on 12-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,448 Cr.
Current Price
₹167.3
52-Week Low / High
₹118 / 242
TTM EPS
₹5.6
TTM Sales
₹1,394 Cr.
Book Value per Share
₹58.5
P/E Ratio
29.97
Lower than its 5-year historical median
Industry PE
38.2
Price to Book (P/B)
2.85
Lower than its 5-year historical median
Price to Sales (P/S)
3.19
Lower than its 5-year historical median
EV/EBITDA
18.39
Lower than its 5-year historical median
Dividend Yield
0.06%
Profitability Efficiency
Return on Equity (ROE)
10.22%
Outperforms industry median
Return on Capital Employed (ROCE)
10.76%
Outperforms industry median
Return on Assets (ROA)
8.27%
Operating Profit Margin
17.3%
Net Profit Margin
10.65%
Gross Profit Margin
16.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.68%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-18.05%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-25.36%
Asset Quality
Promoter Holding
59.14%
Pledged shares (%) of Promoter's holding (%)
5.65%
Reserves
₹1,532 Cr.
Equity
₹26.7 Cr.
Face Value
₹1
All Time Low / High
₹0.04 / 364.80

Responsive Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Responsive Industries Ltd a good quality company?
Responsive Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Responsive Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Responsive Industries Ltd vs industry peers?
Responsive Industries Ltd revenue CAGR is 13.03%, compared to the industry median CAGR of 3.92%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Responsive Industries Ltd?
Promoters hold 59.14% of the Responsive Industries Ltd, with 5.65% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Responsive Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Responsive Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 3.5%3.2%5.4%4.5%1.6%2.4%4.7%15.2%15.9%10.8%-
Value Creation
Index
-0.8-0.8-0.6-0.7-0.9-0.8-0.70.10.2-0.2-

Growth Parameters

Sales 2,0061,2477755337561,1039741,0871,4181,3941,394
Sales YoY Gr.--37.9%-37.8%-31.2%41.8%46%-11.8%11.6%30.5%-1.7%-
Adj EPS 0.10.20.50.31.6-0.50.65.87.35.55.6
YoY Gr.-80%194.4%-49.1%477.8%-133.3%NA922.8%25.2%-25.3%-
BVPS (₹) 33.934.235.135.936.936.936.542.750.558.558.5
Adj Net
Profit
2.84.613.97.241.1-13.715.2155195145148
Cash Flow from Ops. 10714230690145-20722575.439.6-
Debt/CF from Ops. 3.61.60.41.91.4-11.836.60.93.34.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -4%13%12.7%-1.7%
Adj EPS 55.9%28.4%112.3%-25.3%
BVPS6.3%9.7%17%15.9%
Share Price 7.6% 5.7% -9.7% -16.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
0.30.51.50.84.3-1.41.614.715.7109.5
Op. Profit
Mgn %
8.1915.118.617.21011.322.420.817.417.3
Net Profit
Mgn %
-00.31.91.43.3-1.21.614.313.710.410.7
Debt to
Equity
0.40.30.10.20.20.20.30.20.20.10.1
Working Cap
Days
119166252404230130201214201247127
Cash Conv.
Cycle
8314216815810895157159149202100

Valuation of Responsive Inds. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.781.921.921.791.991.992.942.945.655.65
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,0061,2477755337561,1039741,0871,4181,394
Operating Expenses + 1,8461,1356604366289948648441,1231,152
Manufacturing Costs64435852425064626776
Material Costs1,7361,037550330527846686698959987
Employee Cost 12141817131723303438
Other Costs 35423437468191556351
Operating Profit 16011111597127110110243295242
Operating Profit Margin (%) 8.0%8.9%14.9%18.3%16.8%9.9%11.3%22.3%20.8%17.3%
Other Income + 181924288241618810
Exceptional Items 0-500-520000-1
Interest 2317132141828232426
Depreciation 1328782786410569667071
Profit Before Tax 22214526151028172210154
Tax 1512162-1010411116
Profit After Tax 89292424024161199148
PAT Margin (%) 0.4%0.8%3.8%4.6%3.2%0.0%2.5%14.8%14.0%10.7%
Adjusted EPS (₹)0.40.41.10.91.50.00.96.17.55.6
Dividend Payout Ratio (%)24.70%24.40%11%10.90%6.50%3,697%10.90%1.70%1.30%1.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 8898979229449679699721,1371,3451,559
Share Capital 26262626262627272727
Reserves 8638718969179419429461,1101,3191,532
Debt +256156107166197235249196232171
Long Term Debt67000313018911096
Short Term Debt18915610716616620523118712176
Minority Interest16015815916034340000
Trade Payables312463846112701589657
Others Liabilities 1991535634232943546466
Total Liabilities 1,5351,3891,2511,3421,2681,3781,3341,5461,7381,853

Fixed Assets

Net Fixed Assets +801765692617915820691815797740
Gross Block1,1051,1291,1361,1352,0302,0191,9582,1472,1952,201
Accumulated Depreciation3043644445181,1151,1991,2671,3321,3981,461
CWIP 0000000000
Investments 15381913101213117176
Inventories1251177754102187214126191206
Trade Receivables407394161218163275338555583742
Cash Equivalents 12032244955495421810
Others Assets 6743279391223524188879
Total Assets 1,5351,3891,2511,3421,2681,3781,3341,5461,7381,853
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 10714230690145-2072257540
PBT 22264526151028172210154
Adjustment 16396958711811785828791
Changes in Working Capital -5832184-1415-142-101-24-212-200
Tax Paid -19-12-18-9-3-6-6-5-9-6
Cash Flow From Investing Activity + -36-29-253-94-166-5-5-156-10249
Capex -7-56-9-1-415-8-7-190-52-15
Net Investments -310110-1-4-1327-64-4
Others 227-245-10424961571469
Cash Flow From Financing Activity + -58-177-62322518-10-7718-87
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -106-1261030-7-11-10101-15
Interest Paid -23-17-13-21-4-18-28-23-24-26
Dividend Paid 0-0-3-4-2-3-3-3-3-3
Others 72-33-485714533-42-56-44
Net Cash Flow 13-64-9284-7-7-8-92
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)0.861.053.242.612.550.022.5115.2916.0210.22
ROCE (%)3.533.215.394.461.642.384.6715.1615.9110.76
Asset Turnover Ratio1.250.860.590.410.580.830.720.750.860.78
PAT to CFO Conversion(x)13.3815.7810.553.756.04N/A0.291.40.380.27
Working Capital Days
Receivable Days88.70115.60130.50129.8092.2072.60115150146.60173.50
Inventory Days1534.9045.6044.7037.7047.9075.3057.1040.8052
Payable Days23.209.701024.5029.103448.3059.7048.5028.50

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Responsive Industries Ltd FAQs

The current trading price of Responsive Inds. on 12-Aug-2026 16:59 is ₹167.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Aug-2026 the market cap of Responsive Inds. stood at ₹4,448.4 Cr

The latest P/E ratio of Responsive Inds. as of 11-Aug-2026 is 316.0.

The latest P/B ratio of Responsive Inds. as of 11-Aug-2026 is 4.61.

The 52-week high of Responsive Inds. is ₹242.2 and the 52-week low is ₹117.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Responsive Inds. is ₹541 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Responsive Industries Ltd is a average quality company.

The key valuation ratios of Responsive Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Responsive Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Responsive Industries Ltd

Responsive Industries is primarily engaged in the business of manufacturing and selling of articles made out of PVC/ polymers. The company is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products with the product verticals viz. Vinyl Flooring, Synthetic Leather, Luxury Vinyl Tile (LVT) and stone plastic composite (SPC), Synthetic ropes and Waterproof Membrane (PVC specialized covers).

The company has established itself as a leading player in India as well as in the world by completing more many projects. The company is India’s largest manufacturer, with a presence in all states through a network of several distributors. Globally, the company ranks among the largest manufacturer, with many international distributors across several countries. It is amongst the top 5 producers of vinyl flooring globally and has extensive retail presence across the developed markets of Europe and North America. The company’s products are marketed both in India and outside such as Southeast Asia, Asia Pacific and South America. 

Business area of the company

The company is engaged in the activities pertaining manufacturing of PVC based products. The company produces and supplies a range of products, including Vinyl Flooring, Synthetic Leather, LVT and SPC, Synthetic ropes and Waterproof Membrane (PVC specialized covers). The company also offers synthetic leather in various colors and series; and luxury vinyl tile in the various collections such as Tranquil, Resonate, Inspire, Natural Wood, Opulence and Carpet Touch.

Product categories

  • Stone plastic composite (SPC)
  • Luxury Vinyl Tile (LVT)
  • Sheet Vinyl
  • Synthetic Leathers
  • Waterproofing Membranes
  • Ropes

Milestones

  • 1982: Commenced operations with a focus on synthetic ropes, establishing a strong foundation in industrial manufacturing and material engineering.
  • 1995: Expanded product capabilities into vinyl-based materials, strengthening presence across industrial and commercial segments.
  • 2000: Entered broader markets with growing export operations, building a strong footprint across domestic and international sectors.
  • 2005: Enhanced portfolio across vinyl flooring and synthetic leather, supporting a wide range of applications and industries.
  • 2010: Undertook significant capacity expansion with advanced infrastructure, improving production efficiency and output scale.
  • 2012: Introduced value-added and infrastructure-grade products, including PVC waterproofing membranes for large-scale applications.
  • 2019: Launched Luxury Vinyl Tiles (LVT), marking entry into design-led, high-performance flooring solutions.
  • 2021: Expanded into SPC flooring, addressing modern requirements for durability, stability, and water resistance.
  • 2022: Upgraded to hybrid rigid vinyl flooring systems with enhanced performance, durability, and application versatility.
  • 2024: Strengthened presence across infrastructure and institutional segments with supply to Indian Railways, along with expanding engagements across commercial, hospitality, healthcare, and large-scale project developments.

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