RESPONIND
Responsive Industries Limited
Diversified industrial materials including artificial turf and coated fabrics
Consumer Discretionary›Consumer Durables›Consumer Durables›Furniture, Home Furnishing
responsiveindustries.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹150.70
Market cap
4,018 Cr
Stock P/E
39.7
P/B
2.57
Dividend yield
0.1%
ROE (FY26)
9.5%
ROCE (FY26)
10.3%
Operating margin (FY26)
12.2%
Debt / equity (FY26)
0.12
OCF / EBITDA (FY26)
16.4%
OCF / EBITDA (3Y)
43.7%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Responsive Industries makes PVC-based products in India, including vinyl flooring, luxury vinyl tile and stone plastic composite flooring, synthetic leather, synthetic ropes and waterproof membranes, for institutional and retail customers at home and abroad.
Company snapshot
3rdBy market cap
Ranked among 8 companies in Furniture, Home Furnishing.
What we see
Positives
- ✓Debt-to-equity of 0.12x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Only 44% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 268 Cr | 267 Cr | 288 Cr | 320 Cr | 350 Cr | 368 Cr | 381 Cr | 339 Cr | 314 Cr | 311 Cr | 430 Cr | 193 Cr |
| Operating expenses (approx.) | 207 Cr | 201 Cr | 221 Cr | 249 Cr | 277 Cr | 295 Cr | 302 Cr | 266 Cr | 237 Cr | 265 Cr | 384 Cr | 170 Cr |
| EBITDA | 61 Cr | 66 Cr | 67 Cr | 71 Cr | 73 Cr | 72 Cr | 79 Cr | 73 Cr | 77 Cr | 46 Cr | 46 Cr | 23 Cr |
| OPM % | 22.8% | 24.9% | 23.2% | 22.3% | 20.7% | 19.7% | 20.7% | 21.4% | 24.4% | 14.8% | 10.8% | 12.1% |
| Other income | 5 Cr | 1 Cr | 9 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 3 Cr | 2 Cr |
| Interest | 8 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 7 Cr | 7 Cr | 5 Cr | 7 Cr | 6 Cr | 8 Cr | 4 Cr |
| Depreciation | 15 Cr | 16 Cr | 21 Cr | 17 Cr | 18 Cr | 18 Cr | 17 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr | 18 Cr |
| Profit before tax | 43 Cr | 47 Cr | 50 Cr | 51 Cr | 52 Cr | 51 Cr | 56 Cr | 52 Cr | 55 Cr | 24 Cr | 24 Cr | 4 Cr |
| Tax % | 5.8% | 5.1% | 8.0% | 4.7% | 5.4% | 7.4% | 3.4% | 3.4% | 2.5% | 7.3% | 4.2% | 24.7% |
| Net profit | 41 Cr | 45 Cr | 46 Cr | 48 Cr | 49 Cr | 47 Cr | 54 Cr | 50 Cr | 53 Cr | 22 Cr | 23 Cr | 3 Cr |
| EPS (₹) | ₹1.53 | ₹1.68 | ₹1.72 | ₹1.81 | ₹1.85 | ₹1.75 | ₹2.03 | ₹1.87 | ₹2.00 | ₹0.84 | ₹0.86 | ₹0.10 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,055 Cr | 1,264 Cr | 775 Cr | 533 Cr | 756 Cr | 1,106 Cr | 974 Cr | 1,087 Cr | 1,418 Cr | 1,394 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,895 Cr | 1,152 Cr | 660 Cr | 436 Cr | 628 Cr | 994 Cr | 864 Cr | 844 Cr | 1,123 Cr | 1,152 Cr | Sign in free for the trailing twelve months |
| EBITDA | 160 Cr | 111 Cr | 115 Cr | 97 Cr | 127 Cr | 112 Cr | 110 Cr | 243 Cr | 295 Cr | 242 Cr | Sign in free for the trailing twelve months |
| OPM % | 7.8% | 8.8% | 14.9% | 18.3% | 16.9% | 10.2% | 11.3% | 22.3% | 20.8% | 17.3% | Sign in free for the trailing twelve months |
| Other income | 18 Cr | 19 Cr | 24 Cr | 28 Cr | 8 Cr | 21 Cr | 16 Cr | 18 Cr | 8 Cr | 10 Cr | Sign in free for the trailing twelve months |
| Interest | 23 Cr | 17 Cr | 13 Cr | 21 Cr | 4 Cr | 18 Cr | 28 Cr | 23 Cr | 24 Cr | 26 Cr | Sign in free for the trailing twelve months |
| Depreciation | 132 Cr | 87 Cr | 82 Cr | 78 Cr | 64 Cr | 105 Cr | 69 Cr | 66 Cr | 70 Cr | 71 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 22 Cr | 21 Cr | 45 Cr | 27 Cr | 15 Cr | 10 Cr | 28 Cr | 172 Cr | 210 Cr | 154 Cr | Sign in free for the trailing twelve months |
| Tax % | 65.7% | 55.8% | 34.6% | 8.0% | -63.9% | 99.0% | 14.0% | 6.3% | 5.2% | 3.8% | Sign in free for the trailing twelve months |
| Net profit | 8 Cr | 9 Cr | 29 Cr | 24 Cr | 24 Cr | 0.10 Cr | 24 Cr | 161 Cr | 199 Cr | 148 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹0.41 | ₹0.41 | ₹1.09 | ₹0.92 | ₹1.54 | ₹0.04 | ₹0.93 | ₹6.05 | ₹7.46 | ₹5.57 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 7.5% | 2663.8% | 10.9% | 1.6% | 1.3% | 1.8% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 26 Cr | 26 Cr | 26 Cr | 26 Cr | 26 Cr | 26 Cr | 26 Cr | 27 Cr | 27 Cr | 27 Cr |
| Reserves | 863 Cr | 871 Cr | 896 Cr | 917 Cr | 941 Cr | 942 Cr | 977 Cr | 1,110 Cr | 1,319 Cr | 1,532 Cr |
| Borrowings | 256 Cr | 156 Cr | 107 Cr | 166 Cr | 197 Cr | 236 Cr | 257 Cr | 206 Cr | 250 Cr | 192 Cr |
| Other liabilities | 230 Cr | 179 Cr | 62 Cr | 72 Cr | 69 Cr | 139 Cr | 105 Cr | 203 Cr | 142 Cr | 102 Cr |
| Total liabilities | 1,535 Cr | 1,391 Cr | 1,251 Cr | 1,342 Cr | 1,268 Cr | 1,378 Cr | 1,401 Cr | 1,546 Cr | 1,738 Cr | 1,853 Cr |
| Fixed assets (net) | 735 Cr | 699 Cr | 626 Cr | 550 Cr | 849 Cr | 754 Cr | 691 Cr | 815 Cr | 797 Cr | 740 Cr |
| CWIP | — | — | — | — | 0 Cr | — | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Investments | 15 Cr | 38 Cr | 19 Cr | 13 Cr | 10 Cr | 12 Cr | 13 Cr | 11 Cr | 71 Cr | 76 Cr |
| Loans & advances | — | — | 0.21 Cr | — | 0.17 Cr | 0.19 Cr | 0.06 Cr | 0.34 Cr | 0.39 Cr | 0.52 Cr |
| Inventories | 125 Cr | 117 Cr | 77 Cr | 54 Cr | 102 Cr | 187 Cr | 214 Cr | 126 Cr | 191 Cr | 206 Cr |
| Trade receivables | 407 Cr | 394 Cr | 161 Cr | 218 Cr | 163 Cr | 275 Cr | 338 Cr | 555 Cr | 583 Cr | 742 Cr |
| Cash & bank | 78 Cr | 14 Cr | 6 Cr | 35 Cr | 39 Cr | 32 Cr | 24 Cr | 16 Cr | 8 Cr | 10 Cr |
| Other assets | 175 Cr | 130 Cr | 362 Cr | 471 Cr | 104 Cr | 118 Cr | 120 Cr | 22 Cr | 88 Cr | 79 Cr |
| Total assets | 1,535 Cr | 1,391 Cr | 1,251 Cr | 1,342 Cr | 1,268 Cr | 1,378 Cr | 1,401 Cr | 1,546 Cr | 1,738 Cr | 1,853 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 107 Cr | 142 Cr | 306 Cr | 90 Cr | 150 Cr | -20 Cr | 7 Cr | 226 Cr | 75 Cr | 40 Cr |
| Cash from investing | -36 Cr | -29 Cr | -253 Cr | -94 Cr | -165 Cr | -5 Cr | -5 Cr | -157 Cr | -102 Cr | 49 Cr |
| Cash from financing | -58 Cr | -177 Cr | -62 Cr | 32 Cr | 19 Cr | 18 Cr | -10 Cr | -77 Cr | 18 Cr | -87 Cr |
| Net cash flow | 13 Cr | -64 Cr | -9 Cr | 28 Cr | 4 Cr | -7 Cr | -7 Cr | -8 Cr | -9 Cr | 2 Cr |
| Free cash flow (OCF − Capex) | 96 Cr | 108 Cr | 31 Cr | -18 Cr | 119 Cr | -34 Cr | -0.88 Cr | 36 Cr | 23 Cr | 23 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 3.5% | 3.2% | 4.9% | 3.8% | 1.6% | 2.3% | 4.4% | 14.5% | 14.6% | 10.3% |
| ROE % | 1.0% | 1.0% | 2.7% | 2.2% | 4.0% | 0.0% | 2.3% | 14.2% | 14.8% | 9.5% |
| Debtor days | 72 | 113 | 75 | 150 | 79 | 91 | 126 | 186 | 150 | 194 |
| Inventory days | 26 | 40 | 53 | 60 | 118 | 156 | 163 | 122 | 195 | 225 |
| Days payable | 6 | 7 | 4 | 43 | 53 | 93 | 58 | 153 | 99 | 63 |
| Cash conversion cycle | 92 | 147 | 124 | 167 | 144 | 153 | 231 | 155 | 246 | 356 |
| OCF / EBITDA % | 67.2% | 127.2% | 265.5% | 92.3% | 117.7% | -17.8% | 6.3% | 93.0% | 25.6% | 16.4% |
| OCF / EBITDA % (3 years) | — | — | 143.7% | 165.9% | 160.6% | 65.3% | 39.2% | 45.7% | 47.6% | 43.7% |
| Debt / equity | 0.29 | 0.17 | 0.12 | 0.18 | 0.20 | 0.24 | 0.26 | 0.18 | 0.19 | 0.12 |
| Current ratio | 1.80 | 2.05 | 2.10 | 1.65 | 1.56 | 1.69 | 1.96 | 1.96 | 3.48 | 6.16 |
| Net debt / EBITDA | 1.11 | 1.27 | 0.88 | — | 1.24 | 1.82 | 2.12 | 0.78 | 0.82 | 0.75 |