Responsive Inds

₹287.4 6.8 | 2.4%

WEBSITE BSE:505509 NSE : RESPON IND 10 May, 16:01

Market Cap ₹7662 Cr.

Stock P/E 55.8

P/B 6.8

Current Price ₹287.4

Book Value ₹ 42

Face Value 1

52W High ₹364.8

Dividend Yield 0.03%

52W Low ₹ 149.8

Edit Ratio

Responsive Inds Research see more...

Overview Inc. Year: 1982Industry: Plastic Products

Responsive Industries Ltd is an India-based producer of polyvinyl chloride (PVC)-based products. The Company also offers vinyl floors, PVC flooring, synthetic leather-based cloth, rigid film and soft sheeting. The Company's geographical segments consist of India and Export. The Company's vinyl floors portfolio includes Electra, Vega Plus EL, Electra Plus, Canopus Platinum, Canopus Plus, Canopus, Petra RQ, Spica RQ, Vega Plus, Talitha, Capilla, Canopus Barefoot, Regor, Polaris, Rose timber, Natural wood, Gamma, Imperial and Elite. The Company's printed PVC floorings variety includes Classic, Imperial, Gamma, Tuff, Endura, and Elite. The Company's leather cloth portfolio includes Premium, Blackhood, Blueberry, Crunch, Crystal, Delhihood Plain, Canopy, Aristo, Aroma, Autohood, Dezire, Fifty Fifty, Fifty Fifty PTD, Goldline PTD, HI-Tech, Veyron, Jasmine, Jasmine Plus, Jupiter 1, Jupiter 2, Ganesh, Goldline Plain, Khushboo, Mango, Rider, Sofia, Softy, Sparklite Plain, Vento and Venus Plus.

Responsive Inds Share Price

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Peer Comparison

Responsive Inds Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	293	312	325	227	245	264	237	263	268	267
Other Income	6	2	9	5	5	3	3	2	5	1
Total Income	298	314	334	232	250	267	240	266	274	269
Total Expenditure	261	280	300	210	231	228	195	215	207	201
Operating Profit	38	34	33	23	19	39	44	51	67	68
Interest	3	3	7	8	8	7	6	5	8	5
Depreciation	25	28	27	24	16	15	15	14	15	16
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	10	3	-0	-9	-5	18	24	32	43	47
Provision for Tax	3	4	3	1	1	1	1	2	2	2
Profit After Tax	6	-0	-3	-9	-6	17	23	30	41	45
Adjustments	-0	0	0	1	0	0	-1	-0	-0	0
Profit After Adjustments	6	-0	-3	-9	-6	17	21	30	40	45
Adjusted Earnings Per Share	0.2	-0	-0.1	-0.3	-0.2	0.6	0.8	1.1	1.5	1.7

Responsive Inds Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2186	2515	2106	2247	2006	1247	775	533	756	1103	974	1035
Other Income	10	27	32	24	18	19	24	28	8	24	16	11
Total Income	2196	2542	2139	2271	2024	1266	799	561	764	1127	990	1049
Total Expenditure	1936	2257	1859	2041	1846	1135	660	436	628	994	864	818
Operating Profit	260	285	279	230	178	130	140	126	135	133	126	230
Interest	31	31	26	26	23	17	13	21	4	18	28	24
Depreciation	121	145	166	173	132	87	82	78	64	105	69	60
Exceptional Income / Expenses	0	0	0	0	0	-5	0	0	-52	0	0	0
Profit Before Tax	108	108	87	31	22	21	45	26	15	10	28	146
Provision for Tax	21	26	25	12	15	12	16	2	-10	10	4	7
Profit After Tax	87	82	62	19	8	9	29	24	24	0	24	139
Adjustments	-6	-9	-12	-1	3	1	-1	-0	16	-0	-0	-1
Profit After Adjustments	81	73	49	18	11	11	29	24	40	0	24	136
Adjusted Earnings Per Share	3.1	2.8	1.9	0.7	0.4	0.4	1.1	0.9	1.5	0	0.9	5.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-12%	22%	-5%	-8%
Operating Profit CAGR	-5%	0%	-1%	-7%
PAT CAGR	0%	0%	22%	-12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	84%	22%	27%	12%
ROE Average	2%	2%	2%	4%
ROCE Average	5%	3%	4%	5%

Responsive Inds Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	631	765	843	882	889	897	922	944	967	969	1003
Minority's Interest	34	149	162	163	160	158	159	160	34	34	35
Borrowings	452	343	284	195	67	0	0	0	31	30	19
Other Non-Current Liabilities	69	71	61	32	28	32	32	26	13	19	20
Total Current Liabilities	345	515	305	487	391	301	138	212	222	327	324
Total Liabilities	1532	1843	1654	1758	1535	1389	1251	1342	1268	1378	1401
Fixed Assets	1026	1150	1063	919	801	765	692	617	915	820	757
Other Non-Current Assets	24	41	43	33	28	6	269	375	5	6	8
Total Current Assets	481	652	548	807	705	618	289	350	347	552	635
Total Assets	1532	1843	1654	1758	1535	1389	1251	1342	1268	1378	1401

Responsive Inds Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	50	28	175	28	65	79	15	6	35	39	32
Cash Flow from Operating Activities	255	105	220	165	107	142	306	90	145	-20	7
Cash Flow from Investing Activities	-211	-48	-80	32	-36	-29	-253	-94	-166	-5	-5
Cash Flow from Financing Activities	-65	90	-263	-160	-58	-177	-62	32	25	18	-10
Net Cash Inflow / Outflow	-21	146	-123	37	13	-64	-9	28	4	-7	-7
Closing Cash & Cash Equivalent	28	175	52	65	79	15	6	35	39	32	24

Responsive Inds Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.09	2.77	1.88	0.69	0.41	0.41	1.09	0.92	1.54	0	0.92
CEPS(Rs)	7.91	8.67	8.69	7.31	5.33	3.66	4.24	3.9	3.38	4.02	3.56
DPS(Rs)	0.1	0.1	0.1	0.1	0.1	0.1	0.12	0.1	0.1	0.1	0.1
Book NAV/Share(Rs)	24.05	29.14	32.11	33.58	33.88	34.18	35.13	35.94	36.85	36.9	38.23
Core EBITDA Margin(%)	11.02	9.96	11.39	8.96	7.77	8.81	14.89	18.28	16.84	9.95	11.29
EBIT Margin(%)	6.13	5.39	5.21	2.48	2.21	3.03	7.48	8.96	2.48	2.56	5.84
Pre Tax Margin(%)	4.75	4.18	4	1.36	1.08	1.67	5.81	4.97	1.97	0.94	2.92
PAT Margin (%)	3.82	3.17	2.85	0.83	0.37	0.74	3.8	4.57	3.23	0.01	2.51
Cash Profit Margin (%)	9.13	8.79	10.51	8.34	6.8	7.6	14.37	19.19	11.75	9.55	9.61
ROA(%)	5.81	4.86	3.53	1.12	0.46	0.64	2.23	1.88	1.87	0.01	1.76
ROE(%)	14.69	11.76	7.68	2.21	0.86	1.05	3.24	2.61	2.55	0.02	2.48
ROCE(%)	10.34	9.46	7.65	4.23	3.53	3.21	5.39	4.46	1.64	2.38	4.62
Receivable days	31.99	35.93	52.94	71.4	88.74	115.59	130.51	129.79	92.19	72.56	115.03
Inventory Days	12.67	9.44	10.17	8.44	15	34.89	45.55	44.71	37.74	47.9	75.27
Payable days	5.68	4.77	5.21	20.08	23.18	9.66	10.01	24.5	29.08	33.95	50.16
PER(x)	29.36	34.45	66.03	119.48	214.83	96.32	83.81	88.14	109.38	0	135.78
Price/Book(x)	3.77	3.27	3.86	2.47	2.57	1.16	2.61	2.26	4.56	4.95	3.25
Dividend Yield(%)	0.11	0.1	0.08	0.12	0.11	0.25	0.13	0.12	0.06	0.05	0.08
EV/Net Sales(x)	1.42	1.24	1.77	1.12	1.27	0.98	3.21	4.22	6.03	4.51	3.56
EV/Core EBITDA(x)	11.93	10.94	13.37	10.97	14.34	9.44	17.81	17.9	33.72	37.3	27.51
Net Sales Growth(%)	29.83	15.05	-16.26	6.68	-10.73	-37.85	-37.84	-31.21	41.75	46.01	-11.76
EBIT Growth(%)	-1.69	0.03	-18.9	-49.56	-20.48	-15.47	51.15	-17.58	-60.84	50.86	101.58
PAT Growth(%)	-21.95	-5.4	-24.74	-69.17	-59.85	22.35	214.87	-17.27	0.14	-99.34	0
EPS Growth(%)	-22.06	-10.43	-32.09	-63	-41.67	1.21	166.64	-15.75	66.76	-99.82	0
Debt/Equity(x)	1.19	1.05	0.65	0.48	0.43	0.25	0.12	0.18	0.2	0.24	0.26
Current Ratio(x)	1.4	1.27	1.8	1.66	1.8	2.05	2.1	1.65	1.56	1.69	1.96
Quick Ratio(x)	1.18	1.15	1.6	1.56	1.61	1.97	1.76	1.4	1.11	1.12	1.3
Interest Cover(x)	4.44	4.48	4.28	2.22	1.96	2.23	4.49	2.25	4.9	1.58	2
Total Debt/Mcap(x)	0.31	0.31	0.17	0.19	0.16	0.21	0.04	0.08	0.04	0.05	0.08

Responsive Inds Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	49.58	49.58	49.58	58.94	58.94	58.94	58.94	58.94	58.94	58.58
FII	5.34	5.36	5.36	5.38	35.6	35.67	35.67	35.44	35.12	35.08
DII	3.59	3.59	3.56	33.87	3.56	3.56	3.56	3.56	3.57	3.58
Public	41.49	41.47	41.5	1.81	1.89	1.82	1.83	2.05	2.36	2.76
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.23	13.23	13.23	15.73	15.73	15.73	15.73	15.73	15.73	15.62
FII	1.42	1.43	1.43	1.44	9.5	9.52	9.52	9.46	9.37	9.35
DII	0.96	0.96	0.95	9.04	0.95	0.95	0.95	0.95	0.95	0.96
Public	11.08	11.07	11.08	0.48	0.5	0.49	0.49	0.55	0.63	0.74
Others	0	0	0	0	0	0	0	0	0	0
Total	26.69	26.69	26.69	26.69	26.69	26.69	26.69	26.69	26.69	26.66

Pros

Company has delivered good profit growth of 21% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 2% over the last 3 years.
Debtor days have increased from 33.95 to 50.16days.
Stock is trading at 6.8 times its book value.

* 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.

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Overview Inc. Year: 1982Industry: Plastic Products

Responsive Inds Share Price

Alert Data

Quarterly Price

Peer Comparison

Responsive Inds Quarterly Results

Responsive Inds Profit & Loss

Growth Rates

Responsive Inds Balance Sheet

Responsive Inds Cash Flow

Responsive Inds Ratios

Responsive Inds Shareholding Pattern

Responsive Inds News

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