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Responsive Industries Ltd

NSE: RESPONIND BSE: 505509

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

174
52W: ₹117 — ₹251
PE 258 · Book ₹36.1 · +382% vs book
Market Cap₹4,638 Cr
Stock P/E258Price to Earnings
ROCE5.63%Return on Capital
ROE3.38%Return on Equity
Div. Yield0.06%Face Value ₹1

Weaknesses

  • Stock is trading at 5.03 times its book value
  • The company has delivered a poor sales growth of 5.07% over past five years.
  • Company has a low return on equity of 2.93% over last 3 years.
  • Working capital days have increased from 52.4 days to 98.4 days

Shareholding Pattern

Promoters59.14%
FIIs32.2%
DIIs3.22%
Public5.44%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.14%59.14%59.14%59.14%59.14%59.14%59.14%59.14%
FIIs35.12%34.77%0.332.48%2.331.62%0.931.41%0.230.6%0.831.23%0.632.2%1.0
DIIs3.59%3.56%0.03.51%0.13.52%0.03.35%0.23.3%0.13.28%0.03.22%0.1
Public2.16%2.52%0.44.87%2.45.74%0.96.11%0.46.96%0.86.35%0.65.44%0.9

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales170.01138.38152.3128.8146.64128.84151.46149.12130.38133.12
Expenses145.13111.63133.35103.44119.9397.75125.88124.4107.59109.96
Operating Profit24.8826.7518.9525.3626.7131.0925.5824.7222.7923.16
OPM %14.63%19.33%12.44%19.69%18.21%24.13%16.89%16.58%17.48%17.4%
Net Profit7.389.368.57.338.3210.645.445.673.243.25
EPS ₹0.280.350.320.270.310.40.20.210.120.12

AI Insights

Revenue Trend

TTM revenue at ₹564Cr, up 1.4% YoY. OPM at 17%.

Debt Position

Borrowings at ₹201Cr. Debt-to-equity ratio: 0.21x. Healthy balance sheet.

Institutional Flow

DIIs: 3.22% (-0.34pp change). FIIs: 32.2% (-3.47pp change). Promoters hold 59.14%.

Margin & Efficiency

ROCE declining from 8% (Mar 2014) to 6% (Mar 2025). Working capital days: 98.

Valuation

PE 258x with 5.63% ROCE. Price is 382% above book value of ₹36.1. Dividend yield: 0.06%.

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