Responsive Industries Limited (IN:RESPONIND)
:RESPONIND
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Responsive Industries Limited
(RESPONIND)
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Rating:62Neutral
Price Target:
₹141.00
▼(-28.81% Downside)
Action:DowngradedDate:03/20/26
The score is supported primarily by strong financial performance (growth/profitability and a solid balance sheet), but is pulled down by significant cash-flow deterioration, weak technical momentum below major moving averages, and a demanding valuation despite the high dividend yield.
Positive Factors
Strong balance sheet
A 77.4% equity ratio and low leverage (debt/equity 19%) provide durable financial resilience against cyclical construction demand, preserving capacity for capex and working capital. Improved ROE (14.8%) indicates better capital efficiency, supporting sustainable reinvestment and lower refinancing risk.
Negative Factors
Operating cash flow deterioration
A sharp fall in operating cash flow and weaker free cash flow signal deteriorating cash conversion and potential working-capital stress. Reduced internal liquidity constrains capex and debt servicing capacity, raising reliance on external funding and creating a lasting constraint on expansion and financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A 77.4% equity ratio and low leverage (debt/equity 19%) provide durable financial resilience against cyclical construction demand, preserving capacity for capex and working capital. Improved ROE (14.8%) indicates better capital efficiency, supporting sustainable reinvestment and lower refinancing risk.
Read all positive factors
Responsive Industries Limited (RESPONIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.59B
Dividend Yield0.05%
Average Volume (3M)2.74K
Price to Earnings (P/E)59.4
Beta (1Y)1.25
Revenue Growth14.37%
EPS Growth7.71%
CountryIN
Employees304
SectorConsumer Cyclical
Sector Strength84
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.84
Shares Outstanding266,608,550
10 Day Avg. Volume2,004
30 Day Avg. Volume2,744
Financial Highlights & Ratios
PEG Ratio1.12
Price to Book (P/B)3.86
Price to Sales (P/S)3.66
P/FCF Ratio224.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Responsive Industries Limited Business Overview & Revenue Model
Company Description
Responsive Industries Limited manufactures and sells polyvinyl chloride (PVC) based products for commercial and household purposes in India. Its products primarily include vinyl flooring, synthetic leather, luxury vinyl tile, and shipping ropes. T...
How the Company Makes Money
Responsive Industries primarily makes money by manufacturing and selling PVC/vinyl-based flooring products. Revenue is generated through (1) sale of finished flooring materials (e.g., vinyl tiles/planks and sheet/vinyl rolls) to customers in const...
Responsive Industries Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.01B | 14.18B | 10.87B | 9.74B | 10.99B | 7.56B |
| Gross Profit | 4.70B | 4.59B | 3.27B | 2.88B | 2.03B | 1.09B |
| EBITDA | 3.08B | 2.95B | 2.58B | 1.16B | 1.33B | 831.06M |
| Net Income | 2.04B | 1.99B | 1.61B | 243.93M | 710.00K | 403.28M |
Balance Sheet | ||||||
| Total Assets | 18.60B | 17.38B | 15.46B | 14.01B | 13.78B | 12.68B |
| Cash, Cash Equivalents and Short-Term Investments | 279.58M | 282.25M | 322.29M | 681.25M | 420.77M | 486.82M |
| Total Debt | 2.05B | 2.56B | 2.15B | 2.60B | 2.36B | 2.00B |
| Total Liabilities | 3.88B | 3.92B | 4.09B | 3.62B | 3.75B | 2.66B |
| Stockholders Equity | 14.72B | 13.45B | 11.37B | 9.72B | 9.69B | 9.67B |
Cash Flow | ||||||
| Free Cash Flow | 385.02M | 231.32M | 350.09M | 132.40M | -343.61M | -2.71B |
| Operating Cash Flow | 483.82M | 754.09M | 2.25B | 210.82M | -200.03M | 1.45B |
| Investing Cash Flow | 137.21M | -1.02B | -1.56B | -47.15M | -52.74M | -1.66B |
| Financing Cash Flow | -619.33M | 182.11M | -771.40M | -95.52M | 178.98M | 253.73M |
Responsive Industries Limited Technical Analysis
Negative
198.05
Price Trends
166.04
Negative
181.50
Negative
193.85
Negative
Market Momentum
-9.32
Negative
38.66
Neutral
68.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RESPONIND, the sentiment is Negative. The current price of 198.05 is above the 20-day moving average (MA) of 144.97, above the 50-day MA of 166.04, and above the 200-day MA of 193.85, indicating a bearish trend. The MACD of -9.32 indicates Negative momentum. The RSI at 38.66 is Neutral, neither overbought nor oversold. The STOCH value of 68.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RESPONIND.
Responsive Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹24.57B | 10.60 | ― | 1.01% | 11.55% | 13.57% | |
67 Neutral | ₹29.30B | 33.24 | ― | 0.84% | 26.91% | 0.67% | |
66 Neutral | ₹29.56B | 22.08 | ― | 0.41% | 28.67% | -20.77% | |
62 Neutral | ₹37.59B | 59.40 | ― | 0.05% | 14.37% | 7.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹10.68B | 19.56 | ― | 1.82% | 0.78% | 0.54% | |
41 Neutral | ₹266.28M | -23.75 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:RESPONIND
Responsive Industries Limited
141.00
-57.90
-29.11%
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Responsive Industries Limited Corporate Events
Responsive Industries Discloses Pledge Creation on Promoter Group Shares
Mar 31, 2026
Responsive Industries Limited disclosed that a member of its promoter group, Fairpoint Tradecom LLP, has created a pledge over certain shares of the company. The disclosure has been made in compliance with Regulation 31(1) of the SEBI (Substantial...
Responsive Industries corrects promoter share-pledge disclosure
Mar 9, 2026
Responsive Industries Limited has notified the exchanges that a previously filed disclosure on the creation of a share pledge by promoter group entity Fairpoint Tradecom LLP contained a typographical error and has now been corrected. The revised f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.