Responsive Industries Ltd - Stock Valuation and Financial Performance

BSE: 505509 | NSE: RESPONIND | Plastic Products | Small Cap

Responsive Inds Share Price

280.20 -9.15 -3.16%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Responsive Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Responsive Industries stock performance -

mw4me loader
P/E Ratio (CD):
55.39
Market Cap:
7,527.8 Cr.
52-wk low:
109.4
52-wk high:
364.8

Is Responsive Industries Ltd an attractive stock to invest in?

1. Is Responsive Industries Ltd a good quality company?

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

2. Is Responsive Industries Ltd undervalued or overvalued?

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

3. Is Responsive Industries Ltd a good buy now?

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.

10 Year X-Ray of Responsive Inds:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.2%3.1%1.5%1.3%1.2%1.9%1.8%3.5%-0.1%2.8%-
Value Creation
Index
-0.6-0.8-0.9-0.9-0.9-0.9-0.9-0.8-1.0-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5152,1062,2472,0061,2477755337561,1039741,036
Sales YoY Gr.--16.3%6.7%-10.7%-37.9%-37.8%-31.2%41.8%46%-11.8%-
Adj EPS 2.31.20.20.10.20.50.31.6-0.50.65
YoY Gr.--47%-83.6%-50%80%194.4%-49.1%477.8%-133.3%NA-
BVPS (₹) 29.132.133.633.934.235.135.936.936.938.241.3
Adj Net
Profit
60.4325.22.84.613.97.241.1-13.714.9136
Cash Flow from Ops. 10522016510714230690145-207-
Debt/CF from Ops. 7.62.52.63.61.60.41.91.4-11.837-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -10%-4.8%22.2%-11.8%
Adj EPS -14.4%25.9%28.3%NA
BVPS3.1%2.3%2.1%3.6%
Share Price 11.6% 25.1% 20.4% 137.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.740.60.30.51.50.84.3-1.41.512.6
Op. Profit
Mgn %
10.311.89.28.1915.118.617.21011.321
Net Profit
Mgn %
2.82.10.3-00.31.91.43.3-1.21.613.1
Debt to
Equity
1.10.70.50.40.30.10.20.20.20.3-
Working Cap
Days
6085100119166252404230130201119
Cash Conv.
Cycle
415962831421681581089515563

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.60%

Sales growth is growing at healthy rate in last 3 years 22.23%

Net Profit is growing at healthy rate in last 3 years 28.28%

Sales growth is not so good in last 4 quarters at -0.14%

Latest Financials - Responsive Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 5
TTM Sales (₹ Cr.) 582 1,036
BVPS (₹.) 26 41.3
Reserves (₹ Cr.) 678 1,092
P/BV 10.67 6.72
PE 301.80 55.39
From the Market
52 Week Low / High (₹) 109.35 / 364.80
All Time Low / High (₹) 0.04 / 364.80
Market Cap (₹ Cr.) 7,528
Equity (₹ Cr.) 27.1
Face Value (₹) 1
Industry PE 35.1

Management X-Ray of Responsive Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.0017.152.541.27
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Responsive Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,5152,1062,2472,0061,2477755337561,103974
Operating Expenses 2,2571,8592,0411,8461,135660436628994864
Manufacturing Costs72707164435852425062
Material Costs2,1371,7351,9181,7361,037550330527846686
Employee Cost 10121112141817131723
Other Costs 38424135423437468192
Operating Profit 25824720616011111597127110110
Operating Profit Margin (%) 10.3%11.7%9.2%8.0%8.9%14.9%18.3%16.8%9.9%11.3%
Other Income 2732241819242882416
Interest 3126262317132141828
Depreciation 1451661731328782786410569
Exceptional Items 0000-500-5200
Profit Before Tax 108873122214526151028
Tax 2625121512162-10104
Profit After Tax 82621989292424024
PAT Margin (%) 3.3%2.9%0.8%0.4%0.8%3.8%4.6%3.2%0.0%2.5%
Adjusted EPS (₹)2.81.90.70.40.41.10.91.50.00.9
Dividend Payout Ratio (%)4%5%14%25%24%11%11%7%3,697%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7658438828898979229449679691,003
Share Capital 26262626262626262626
Reserves 739817855863871896917941942977
Minority Interest149162163160158159160343435
Debt754475312256156107166197235249
Long Term Debt34328419567000313019
Short Term Debt411191117189156107166166205231
Trade Payables282119031246384611277
Others Liabilities 1461532121991535634232936
Total Liabilities 1,8431,6541,7581,5351,3891,2511,3421,2681,3781,401

Fixed Assets

Gross Block1,6521,7301,0921,1051,1291,1361,1352,0302,0192,024
Accumulated Depreciation5026671733043644445181,1151,1991,267
Net Fixed Assets1,1501,063919801765692617915820757
CWIP 0070000000
Investments 1081415381913101213
Inventories5962441251177754102187214
Trade Receivables322308593407394161218163275338
Cash Equivalents 1846976120322449554954
Others Assets1191441046743279391223524
Total Assets 1,8431,6541,7581,5351,3891,2511,3421,2681,3781,401

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10522016510714230690145-207
PBT 108873122264526151028
Adjustment 15318919816396958711811785
Changes in Working Capital -139-34-55-5832184-1415-142-100
Tax Paid -17-22-10-19-12-18-9-3-6-6
Cash Flow From Investing Activity -48-8032-36-29-253-94-166-5-5
Capex -173-78-16-7-56-9-1-415-8-7
Net Investments 116-725-310110-1-4-13
Others 8524227-245-104249616
Cash Flow From Financing Activity 90-263-160-58-177-62322518-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -48-46-77-106-1261030-7-11
Interest Paid -31-27-26-23-17-13-21-4-18-28
Dividend Paid -3-3-800-3-4-2-3-3
Others 172-187-4972-33-485714533
Net Cash Flow 146-1233713-64-9284-7-7
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.767.682.210.861.053.242.612.550.022.48
ROCE (%)9.467.654.233.533.215.394.461.642.384.62
Asset Turnover Ratio1.531.241.351.250.860.590.410.580.830.7
PAT to CFO Conversion(x)1.283.558.6813.3815.7810.553.756.04-INF0.29
Working Capital Days
Receivable Days365371891161311309273115
Inventory Days910815354645384875
Payable Days552023101025293450

Responsive Industries Ltd Stock News

Responsive Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Responsive Inds on 28-Mar-2024 16:01 is ₹280.2.
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 28-Mar-2024 16:01 the market cap of Responsive Inds stood at ₹7,527.8.
The latest P/E ratio of Responsive Inds as of 28-Mar-2024 16:01 is 301.8.
The latest P/B ratio of Responsive Inds as of 28-Mar-2024 16:01 is 10.67.
The 52-week high of Responsive Inds is ₹364.8 and the 52-week low is ₹109.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Responsive Inds is ₹581.9 ( Cr.) .

About Responsive Industries Ltd

Responsive Industries, established in the year 1996, has come a long way and has firmly rooted itself as one of the most sought after manufacturer, exporter and supplier of PVC polymer based products like PVC floorings & printed tiles.

In their short span of time the company has been able to make superior quality designer floorings & printed tiles under the able guidance of its mentor Abhishek Agarwal.

The company abides by futuristic plant, world class manufacturing techniques and good quality raw materials in producing durable and high standard of products that cater to several PVC flooring industries.

It also have an efficient research wing near Mumbai that gears the overall production process. It prompt services have made the company expand its market in all over the world and have also added some of the outstanding business names in its client list like Reliance Group, Indian Railways, Birla Group and many more.

Its manufacturing unit spread in an area of 1500 sq. feet is equipped with advanced machinery and sound technologies that help in manufacturing value based products in bulk. It also has a fully developed in-house design unit that helps us in producing both traditional as well as contemporary designed products to meet the varied tastes of its clients. In addition to this there are other departments involved in the proper development of the products.

Products range of the company includes:

  • Vinyl Floorings
  • Soft Sheeting
  • Rigid PVC
  • Leather Cloth

The company offers :

  • Printed Tiles
  • Designer Floorings
  • Printed Floorings
  • Homogeneous Floorings
  • Safety & Transport Floorings
  • Antistatic & Conductive Floorings
  • Multi-Layered Floorings
  •  Sports Floorings

Achievements/ recognition:

An ISO accredited organization, it is solely governed by maintaining quality standards in the manufacture of all their products. They are ISO 9001-2000 and ISO 14001-2004 certified.

2010
Annual Reports Competition Vision Awards 2009-10 by LACP
Certificate of Excellence Nov 2010 By Inc. 500

2011
Emerging Company of the Year 2011 by Economic Developement Forum
Certificate of Excellence by Inc. 500, 2011
Emerging Company of the year for 2011 by Economic Development Forum

2012
Global Achievers Award for Young Entrepreneur 2012
Certificate of Excellence by Inc. 500 2012
Global Achiever’s Awards for young Entrepreneur 2012 by Economic Development Forum

2013
Global Achievers Certificate for Business Leadership 2013
Global Achievers Award for Business Leadership 2013
Design Omics Awards 2013
Certificate of Excellence by Inc.500 India 2013


 

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