Responsive Industries Ltd

₹ 255 1.61%

22 Nov - close price

responsiveindustries.com BSE: 505509 NSE: RESPONIND

About

Responsive Industries Limited, incorporated in 1982 is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products. ^[1]

Key Points

Products
The company offers a diverse product range, including luxury vinyl planks, resilient vinyl sheets, synthetic leather, synthetic ropes, and waterproof membranes. Luxury vinyl planks and synthetic leather are used across various industries, such as residential and commercial spaces, healthcare, transportation, and more.^[1]

Website BSE NSE

Market Cap ₹ 6,799 Cr.
Current Price ₹ 255
High / Low ₹ 339 / 249
Stock P/E 203
Book Value ₹ 35.1
Dividend Yield 0.04 %
ROCE 5.67 %
ROE 3.55 %
Face Value ₹ 1.00

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Pros

Company's working capital requirements have reduced from 152 days to 114 days

Cons

Stock is trading at 7.26 times its book value
Company has a low return on equity of 2.50% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

Part of BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE SmallCap

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	107.28	151.23	165.64	153.58	128.52	145.34	170.11	166.78	170.01	138.38	152.30	128.80	146.64
	87.31	128.03	151.00	138.78	110.59	126.92	154.64	147.27	145.13	111.63	133.35	103.44	119.93
Operating Profit	19.97	23.20	14.64	14.80	17.93	18.42	15.47	19.51	24.88	26.75	18.95	25.36	26.71
OPM %	18.61%	15.34%	8.84%	9.64%	13.95%	12.67%	9.09%	11.70%	14.63%	19.33%	12.44%	19.69%	18.21%
	2.77	1.81	9.13	4.89	5.43	3.25	2.60	3.05	3.89	1.46	9.01	1.99	2.23
Interest	5.26	4.96	9.13	9.41	10.65	6.80	3.60	6.23	7.29	4.72	4.26	4.88	4.74
Depreciation	10.93	10.71	11.42	8.13	8.31	10.64	10.78	8.59	11.61	11.72	11.23	12.73	13.05
Profit before tax	6.55	9.34	3.22	2.15	4.40	4.23	3.69	7.74	9.87	11.77	12.47	9.74	11.15
Tax %	25.95%	26.12%	43.79%	16.74%	22.95%	26.71%	24.66%	23.64%	25.23%	20.48%	31.92%	24.64%	25.38%
	4.85	6.90	1.80	1.79	3.39	3.09	2.79	5.92	7.38	9.36	8.50	7.33	8.32
EPS in Rs	0.18	0.26	0.07	0.07	0.13	0.12	0.10	0.22	0.28	0.35	0.32	0.27	0.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1,519	1,842	1,514	1,835	1,824	1,083	629	434	366	491	667	655	566
	1,350	1,659	1,338	1,665	1,689	990	522	346	314	417	596	562	468
Operating Profit	169	183	176	170	135	93	107	88	52	74	70	93	98
OPM %	11%	10%	12%	9%	7%	9%	17%	20%	14%	15%	11%	14%	17%
	3	15	21	12	17	15	14	17	7	17	16	16	15
Interest	28	29	26	26	23	17	13	21	4	25	26	20	19
Depreciation	92	106	123	128	99	66	62	57	43	44	43	46	49
Profit before tax	52	62	47	28	30	26	47	27	12	22	17	42	45
Tax %	9%	19%	30%	37%	35%	50%	39%	8%	45%	29%	24%	26%
	47	51	33	18	19	13	28	25	7	15	13	32	34
EPS in Rs	1.77	1.90	1.24	0.67	0.73	0.49	1.06	0.93	0.24	0.57	0.48	1.19	1.25
Dividend Payout %	6%	5%	8%	15%	14%	20%	11%	11%	41%	17%	21%	8%

Compounded Sales Growth
10 Years:	-10%
5 Years:	1%
3 Years:	21%
TTM:	-13%

Compounded Profit Growth
10 Years:	-4%
5 Years:	3%
3 Years:	73%
TTM:	75%

Stock Price CAGR
10 Years:	10%
5 Years:	23%
3 Years:	30%
1 Year:	-22%

Return on Equity
10 Years:	3%
5 Years:	2%
3 Years:	3%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	27	27	27	27	27	27	27	27	27	27	27	27	27
Reserves	406	455	518	556	578	588	613	633	638	650	868	897	910
	575	719	550	419	382	223	109	167	316	358	229	195	192
	88	95	70	224	84	133	48	58	51	111	57	61	77
Total Liabilities	1,095	1,295	1,165	1,226	1,070	970	797	885	1,033	1,145	1,181	1,180	1,206
	741	828	733	632	549	493	440	385	342	307	350	479	487
CWIP	0	0	0	7	0	0	0	0	0	0	0	0	0
Investments	73	35	33	39	40	59	210	300	460	488	448	445	446
	281	432	398	547	480	418	146	200	231	351	383	256	273
Total Assets	1,095	1,295	1,165	1,226	1,070	970	797	885	1,033	1,145	1,181	1,180	1,206

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	101	88	172	164	78	140	285	60	15	18	55	195
	-94	-119	-26	24	-31	19	-159	-91	-158	-34	-18	-146
	-5	85	-181	-160	-74	-176	-129	33	144	13	-35	-57
Net Cash Flow	1	54	-36	28	-27	-16	-2	2	0	-2	3	-8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	32	42	43	84	51	91	33	100	84	116	84	78
Inventory Days	17	10	14	8	25	43	56	67	124	174	138	75
Days Payable	8	6	6	44	6	24	3	52	43	88	20	21
Cash Conversion Cycle	41	46	51	48	70	111	86	115	165	201	201	132
Working Capital Days	41	44	49	30	41	74	60	116	146	179	163	114
ROCE %	8%	8%	6%	5%	5%	5%	7%	6%	2%	4%	4%	6%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	49.58%	49.58%	49.58%	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.58%	58.58%	58.58%
	5.34%	5.36%	5.36%	35.69%	35.60%	35.67%	35.67%	35.45%	35.12%	35.08%	35.12%	34.77%
	3.59%	3.59%	3.56%	3.56%	3.56%	3.56%	3.56%	3.56%	3.57%	3.59%	3.59%	3.56%
	41.49%	41.47%	41.50%	1.82%	1.89%	1.82%	1.83%	2.06%	2.36%	2.76%	2.72%	3.08%
No. of Shareholders	7,008	5,931	5,478	6,559	7,863	7,009	6,473	10,237	12,781	14,277	14,974	16,566

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	59.51%	59.31%	50.13%	50.13%	49.58%	49.58%	58.94%	58.58%	58.58%
	4.22%	4.22%	4.24%	4.22%	5.30%	5.36%	35.67%	35.08%	34.77%
	3.98%	3.98%	3.95%	3.93%	3.67%	3.59%	3.56%	3.59%	3.56%
	32.28%	32.49%	41.68%	41.71%	41.45%	41.47%	1.82%	2.76%	3.08%
No. of Shareholders	1,874	2,981	2,214	2,814	4,154	5,931	7,009	14,277	16,566

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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