Responsive Industries
Responsive Industries
Consumer GoodsKey Fundamentals
MicrocapHome FurnishingConsumer GoodsTapetide Score
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Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
4- Stock is trading at 2.96 times its book value
- Tax rate seems low
- Company has a low return on equity of 13.6% over last 3 years.
- Company has high debtors of 194 days.
Growth Rate
AI Analysis — Bull vs Bear
Responsive Industries Ltd is a consumer goods company with a market cap of ₹4,627 Cr trading at a PE of 30.8x. The company has delivered strong 3-year compounded profit growth of 82% but is currently experiencing a TTM sales decline of -2% and profit decline of -25%, with the stock down 22% over the past year.
- Strong 3-year compounded profit growth of 82% indicates significant earnings expansion over the medium term
- Company has reduced debt, improving balance sheet strength and financial flexibility
- 5-year compounded sales growth of 13% shows consistent revenue scaling over a longer horizon
- 5-year compounded profit growth of 13% demonstrates sustained earnings momentum beyond short-term cycles
- 10-year compounded profit growth of 23% reflects long-term value creation capability
- 3-year ROE of 14% shows improving capital efficiency compared to 5-year average of 9% and 10-year average of 7%
- 10-year stock CAGR of 8% shows the company has generated positive long-term shareholder returns despite recent weakness
- TTM compounded profit declined -25%, indicating a sharp recent deterioration in earnings
- High debtor days of 194 days signals poor working capital management and potential collection risk
- Stock has declined -22% over the past 1 year, reflecting negative market sentiment
- TTM sales growth of -2% shows the topline is currently contracting
- PE of 30.8x is elevated relative to the last year ROE of just 10%, suggesting the valuation may not be supported by current profitability
- Price-to-book ratio of 2.92x is high given the 3-year average ROE of only 13.6%
- Dividend yield of just 0.06% provides negligible income return to shareholders
- Tax rate appears low which could mean future earnings may be impacted if tax benefits normalize
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- New independent director appointed Jul 25
Bajrang Lal Bajaj appointed as Non-Executive Independent Director effective July 24, 2026, subject to shareholder approval.
- Pledge released on 1.74L shares Jul 9
Fairpoint Tradecom LLP released a pledge on 1,74,000 shares of Responsive Industries on July 7, 2026, reducing encumbered promoter holdings.
TL;DR: No material positive or negative catalysts in recent news for Responsive Industries. The pledge release is mildly constructive as it reduces promoter share encumbrance, and the board appointment is routine governance activity. Overall, the news flow is uneventful with no clear directional signal for the stock in the near term.
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 263 | 268 | 267 | 288 | 320 | 350 | 368 | 381 | 339 | 314 | 311 | 430 | 193 |
| Expenses | 215 | 207 | 201 | 221 | 249 | 277 | 295 | 302 | 266 | 237 | 265 | 384 | 170 |
| Operating Profit | 48.5 | 61.13 | 66.45 | 66.73 | 71.27 | 72.51 | 72.35 | 78.89 | 72.57 | 76.6 | 46.22 | 46.37 | 23.31 |
| 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% | 12.09% |
| Other Income | 2.48 | 5.46 | 1.48 | 9.01 | 2.01 | 2.24 | 2.66 | 1.5 | 2.15 | 2.99 | 1.63 | 2.77 | 2.04 |
| Interest | 4.59 | 7.95 | 5.31 | 5.06 | 5.32 | 5.13 | 6.63 | 6.88 | 5.32 | 7.04 | 5.67 | 7.69 | 4 |
| Depreciation | 14.42 | 15.48 | 15.5 | 20.83 | 17.17 | 17.51 | 17.67 | 17.33 | 17.77 | 17.9 | 17.92 | 17.61 | 17.71 |
| PBT | 31.97 | 43.16 | 47.12 | 49.85 | 50.79 | 52.11 | 50.71 | 56.18 | 51.63 | 54.65 | 24.26 | 23.84 | 3.64 |
| Tax % | 6.1% | 5.77% | 5.11% | 7.98% | 4.73% | 5.43% | 7.39% | 3.42% | 3.41% | 2.53% | 7.34% | 4.28% | 24.73% |
| Net Profit | 30.01 | 40.67 | 44.71 | 45.87 | 48.38 | 49.28 | 46.95 | 54.25 | 49.87 | 53.26 | 22.48 | 22.82 | 2.74 |
| EPS in Rs | 1.11 | 1.52 | 1.68 | 1.72 | 1.81 | 1.85 | 1.76 | 2.03 | 1.87 | 2 | 0.84 | 0.86 | 0.1 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,106 | 2,247 | 2,006 | 1,247 | 775 | 533 | 756 | 1,103 | 974 | 1,087 | 1,418 | 1,394 | 1,248 |
| Expenses | 1,859 | 2,041 | 1,846 | 1,135 | 659 | 436 | 628 | 994 | 863 | 843 | 1,123 | 1,152 | 1,056 |
| Operating Profit | 248 | 206 | 160 | 112 | 116 | 98 | 128 | 110 | 110 | 244 | 295 | 242 | 192 |
| OPM % | 12% | 9% | 8% | 9% | 15% | 18% | 17% | 10% | 11% | 22% | 21% | 17% | 15% |
| Other Income | 32 | 24 | 18 | 13 | 24 | 28 | -44 | 24 | 16 | 18 | 8 | 10 | 9 |
| Interest | 26 | 26 | 23 | 17 | 13 | 21 | 4 | 18 | 28 | 23 | 24 | 26 | 24 |
| Depreciation | 166 | 173 | 132 | 87 | 82 | 78 | 64 | 105 | 69 | 66 | 70 | 71 | 71 |
| PBT | 87 | 31 | 22 | 21 | 45 | 26 | 15 | 10 | 28 | 172 | 210 | 154 | 106 |
| Tax % | 29% | 39% | 66% | 56% | 35% | 8% | -64% | 98% | 14% | 6% | 5% | 4% | — |
| Net Profit | 62 | 19 | 8 | 9 | 29 | 24 | 24 | 0 | 24 | 161 | 199 | 148 | 101 |
| EPS in Rs | 1.85 | 0.68 | 0.4 | 0.4 | 1.08 | 0.91 | 1.51 | 0 | 0.91 | 6.05 | 7.46 | 5.57 | 3.8 |
| Div. Payout % | 5% | 14% | 25% | 24% | 11% | 11% | 7% | 3750% | 11% | 2% | 1% | 2% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | 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 | 26 | 26 | 27 | 27 | 27 | 27 |
| Reserves | 817 | 855 | 863 | 871 | 896 | 917 | 941 | 942 | 946 | 1,110 | 1,319 | 1,532 |
| Borrowings | 550 | 420 | 382 | 223 | 109 | 167 | 198 | 236 | 260 | 215 | 256 | 195 |
| Other Liabilities | 261 | 402 | 263 | 268 | 220 | 232 | 102 | 174 | 102 | 194 | 136 | 100 |
| Total Liabilities | 1,654 | 1,703 | 1,535 | 1,389 | 1,251 | 1,342 | 1,268 | 1,378 | 1,334 | 1,546 | 1,738 | 1,853 |
| Fixed Assets | 1,063 | 919 | 801 | 765 | 692 | 617 | 915 | 820 | 691 | 815 | 797 | 740 |
| CWIP | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 8 | 14 | 15 | 38 | 19 | 13 | 10 | 12 | 13 | 11 | 71 | 76 |
| Other Assets | 583 | 763 | 718 | 586 | 540 | 712 | 343 | 546 | 630 | 720 | 870 | 1,038 |
| Total Assets | 1,654 | 1,703 | 1,535 | 1,389 | 1,251 | 1,342 | 1,268 | 1,378 | 1,334 | 1,546 | 1,738 | 1,853 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 220 | 164 | 107 | 142 | 306 | 90 | 145 | -20 | 7 | 225 | 75 | 40 |
| Investing | -80 | 32 | -36 | -29 | -253 | -94 | -166 | -5 | -5 | -156 | -102 | 49 |
| Financing | -263 | -160 | -58 | -177 | -62 | 32 | 25 | 18 | -10 | -77 | 18 | -87 |
| Net Cash Flow | -123 | 37 | 13 | -64 | -9 | 28 | 4 | -7 | -7 | -8 | -9 | 2 |
| Free Cash Flow | 142 | 168 | 97 | 109 | 32 | 89 | -269 | -28 | 0 | 35 | 24 | 25 |
| CFO/OP | 98 | 84 | 79 | 138 | 280 | 101 | 116 | -13 | 12 | 94 | 29 | 19 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 96 | 74 | 115 | 76 | 150 | 79 | 91 | 127 | 186 | 150 | 194 |
| Inventory Days | 13 | 8 | 26 | 41 | 51 | 59 | 71 | 81 | 114 | 66 | 73 | 76 |
| Days Payable | 4 | 36 | 6 | 9 | 4 | 42 | 32 | 48 | 37 | 83 | 37 | 21 |
| Cash Conversion Cycle | 62 | 68 | 94 | 148 | 123 | 167 | 118 | 124 | 204 | 169 | 186 | 249 |
| Working Capital Days | 29 | 37 | 33 | 72 | 51 | 52 | 29 | 55 | 92 | 108 | 153 | 221 |
| ROCE % | 7% | 4% | 3% | 3% | 5% | 4% | 6% | 2% | 5% | 15% | 16% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY11–FY26.
Documents
Frequently Asked Questions about Responsive Industries
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What is the Return on Equity (ROE) of Responsive Industries Ltd?
Company Information
Responsive Industries Limited, incorporated in 1982 is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products. [1]
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