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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

₹188.30 -3.05 (-1.59%)

As on 04-Jun'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

₹188.30 -3.05 (-1.59%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,020 Cr.
Current Price
₹188.3
52-Week Low / High
₹118 / 251
TTM EPS
₹5.6
TTM Sales
₹1,394 Cr.
Book Value per Share
₹58.5
P/E Ratio
33.82
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
3.22
Lower than its 5-year historical median
Price to Sales (P/S)
3.60
Lower than its 5-year historical median
EV/EBITDA
20.66
Lower than its 5-year historical median
Dividend Yield
0.05%
Profitability Efficiency
Return on Equity (ROE)
16.02%
Outperforms industry median
Return on Capital Employed (ROCE)
15.91%
Outperforms industry median
Return on Assets (ROA)
12.11%
Operating Profit Margin
20.8%
Net Profit Margin
14.02%
Gross Profit Margin
19.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
30.45%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
21.49%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.31%
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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Quality

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Valuation

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Price Trend

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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 21.61%, compared to the industry median CAGR of 4.71%, 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 7.7% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.2%3.5%3.2%5.4%4.5%1.6%2.4%4.7%15.2%15.9%-
Value Creation
Index
-0.7-0.8-0.8-0.6-0.7-0.9-0.8-0.70.10.2-

Growth Parameters

Sales 2,2472,0061,2477755337561,1039741,0871,4181,394
Sales YoY Gr.--10.7%-37.9%-37.8%-31.2%41.8%46%-11.8%11.6%30.5%-
Adj EPS 0.20.10.20.50.31.6-0.50.65.87.35.6
YoY Gr.--50%80%194.4%-49.1%477.8%-133.3%NA922.8%25.2%-
BVPS (₹) 33.633.934.235.135.936.936.936.542.750.558.5
Adj Net
Profit
5.22.84.613.97.241.1-13.715.2155195148
Cash Flow from Ops. 16510714230690145-20722575.4-
Debt/CF from Ops. 2.63.61.60.41.91.4-11.836.60.93.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -5%21.6%8.7%30.5%
Adj EPS 49.1%93.4%NA25.2%
BVPS4.6%7%11%18.3%
Share Price 8.7% 4.9% 6.4% -6.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.60.30.51.50.84.3-1.41.614.715.710.2
Op. Profit
Mgn %
9.28.1915.118.617.21011.322.420.817.3
Net Profit
Mgn %
0.3-00.31.91.43.3-1.21.614.313.710.7
Debt to
Equity
0.50.40.30.10.20.20.20.30.20.20.1
Working Cap
Days
100119166252404230130201214200127
Cash Conv.
Cycle
628314216815810895157159149100

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,2472,0061,2477755337561,1039741,0871,418
Operating Expenses + 2,0411,8461,1356604366289948648441,123
Manufacturing Costs71644358524250646267
Material Costs1,9181,7361,037550330527846686698959
Employee Cost 11121418171317233034
Other Costs 41354234374681915563
Operating Profit 20616011111597127110110243295
Operating Profit Margin (%) 9.2%8.0%8.9%14.9%18.3%16.8%9.9%11.3%22.3%20.8%
Other Income + 241819242882416188
Exceptional Items 00-500-520000
Interest 2623171321418282324
Depreciation 17313287827864105696670
Profit Before Tax 3122214526151028172210
Tax 121512162-101041111
Profit After Tax 1989292424024161199
PAT Margin (%) 0.9%0.4%0.8%3.8%4.6%3.2%0.0%2.5%14.8%14.0%
Adjusted EPS (₹)0.70.40.41.10.91.50.00.96.17.5
Dividend Payout Ratio (%)14.40%24.70%24.40%11%10.90%6.50%3,697%10.90%1.70%1.30%

Valuation of Responsive Inds - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 8828898979229449679699721,1371,345
Share Capital 26262626262626272727
Reserves 8558638718969179419429461,1101,319
Debt +312256156107166197235249196232
Long Term Debt195670003130189110
Short Term Debt117189156107166166205231187121
Minority Interest1631601581591603434000
Trade Payables1903124638461127015896
Others Liabilities 21219915356342329435464
Total Liabilities 1,7581,5351,3891,2511,3421,2681,3781,3341,5461,738

Fixed Assets

Net Fixed Assets +919801765692617915820691815797
Gross Block1,0921,1051,1291,1361,1352,0302,0191,9582,1472,195
Accumulated Depreciation1733043644445181,1151,1991,2671,3321,398
CWIP 7000000000
Investments 14153819131012131171
Inventories441251177754102187214126191
Trade Receivables593407394161218163275338555583
Cash Equivalents 761203224495549542117
Others Assets 10467432793912235241879
Total Assets 1,7581,5351,3891,2511,3421,2681,3781,3341,5461,738

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 16510714230690145-20722575
PBT 3122264526151028172210
Adjustment 198163969587118117858287
Changes in Working Capital -55-5832184-1415-142-101-24-212
Tax Paid -10-19-12-18-9-3-6-6-5-9
Cash Flow From Investing Activity + 32-36-29-253-94-166-5-5-156-102
Capex -16-7-56-9-1-415-8-7-190-52
Net Investments 25-310110-1-4-1327-64
Others 24227-245-104249615714
Cash Flow From Financing Activity + -160-58-177-62322518-10-7718
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -77-106-1261030-7-11-10101
Interest Paid -26-23-17-13-21-4-18-28-23-24
Dividend Paid -80-0-3-4-2-3-3-3-3
Others -4972-33-485714533-42-56
Net Cash Flow 3713-64-9284-7-7-8-9

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.210.861.053.242.612.550.022.5115.2916.02
ROCE (%)4.233.533.215.394.461.642.384.6715.1615.91
Asset Turnover Ratio1.351.250.860.590.410.580.830.720.750.86
PAT to CFO Conversion(x)8.6813.3815.7810.553.756.04N/A0.291.40.38
Working Capital Days
Receivable Days71.4088.70115.60130.50129.8092.2072.60115150146.60
Inventory Days8.401534.9045.6044.7037.7047.9075.3057.1040.80
Payable Days20.1023.209.701024.5029.103448.3059.7048.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.261.781.921.921.791.991.992.942.945.65
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Responsive Industries Ltd FAQs

The current trading price of Responsive Inds on 04-Jun-2026 16:59 is ₹188.3.

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 03-Jun-2026 the market cap of Responsive Inds stood at ₹5,020.2 Cr

The latest P/E ratio of Responsive Inds as of 03-Jun-2026 is 356.6.

The latest P/B ratio of Responsive Inds as of 03-Jun-2026 is 5.20.

The 52-week high of Responsive Inds is ₹251.0 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 Strong which suggest that the price of Responsive Industries Ltd is likely to Rise 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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