Arthneeti

Responsive Industries Q2 FY27 Share Price & Earnings Call Analysis

₹140.57-3.06% today
Market cap
₹3,748 Cr
P/E
68.10
ROE
10.26%
PEG
0.82
Price to sales
3.29
Debt to equity
0.09
52W high / low
₹221 / ₹127
Sales growth (5Y)
13.03%
EBITDA margin
12.77%
Net profit margin
10.68%
Promoter holding
59.14%
Sales (last year)
₹1,139 Cr

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

Guidance scorecard · Q2 FY27 call

What Responsive Ind's management guided
and where it ranks in Consumer Durables

Revenue10–20%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ4 FY24 call

10–20%
  • Responsive Industries expects to continue the current growth trajectory in top line (sales/revenue) supported by high-value flooring products domestically and exports, mainly to the U.S.
  • The company anticipates reaching around INR 2,500 crores in top line within the next 3 years.
  • Current capacity utilization supports this growth without requiring additional CapEx for the next 2-3 years; new CapEx will be evaluated once utilization approaches 100%.
  • Both domestic and export segments (currently at a 40:60 ratio) are expected to maintain margins and contribute to growth, with potential slight increase in exports.

2 more points from Responsive Ind's call on revenue

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Full Q4 FY24 analysis

MarginsQ4 FY24 call

Flat

See what Responsive Ind said on margins — free account, 30 seconds.

Full Q4 FY24 analysis

CapexQ4 FY24 call

Planned
  • In FY '23-'24, Responsive Industries incurred a CapEx of around INR 180 crores, mainly for upgrading machinery and technological enhancements in flooring products.
  • The current capacity utilization is around 55-60%, with expected improvements over the coming years.
  • No immediate CapEx plans for the next 2-3 years; the existing capacity is sufficient to support growth up to INR 2,500 crores in revenue.

2 more points from Responsive Ind's call on capex

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Full Q4 FY24 analysis

FundraisingQ4 FY24 call

None planned

See what Responsive Ind said on fundraising — free account, 30 seconds.

Full Q4 FY24 analysis

Order bookQ4 FY24 call

  • The current order book for Responsive Industries is for the next 3 to 6 months, indicating a healthy pipeline for upcoming quarters.
  • The company feels confident about its near-term production plans based on this order book.
  • The mix of export and domestic orders remains around 60% export and 40% domestic as per current trends.

2 more points from Responsive Ind's call on the order book

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Full Q4 FY24 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Responsive Ind rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹151 Cr13.8
240%+Up 0–2%₹2,267 Cr12.2
340%+Up 0–2%₹1,934 Cr16.9
440%+Flat₹2,338 Cr39.6
540%+Flat₹1,975 Cr20.8
640%+Flat₹528 Cr16.7

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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of Responsive Ind

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Responsive Ind

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +59.50%59.14%59.14%59.14%59.14%59.14%59.14%59.14%59.14%59.14%59.14%59.14%
FIIs +35.12%35.08%35.12%34.77%32.48%31.62%31.41%30.60%31.23%32.20%7.48%7.57%
DIIs +3.57%3.59%3.59%3.56%3.51%3.52%3.35%3.30%3.28%3.22%3.22%3.02%
Public +1.80%2.20%2.16%2.52%4.87%5.74%6.11%6.96%6.35%5.44%30.15%30.26%
No. of Shareholders12,78114,27714,97416,56618,64318,02817,85917,62517,10616,31615,77317,864

Financials of Responsive Ind

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +268.35267.27288.19319.90349.52367.82380.66338.71313.75311.32430.34192.87204.89
Expenses +207.22200.82221.46248.63277.01295.47301.77266.14237.15265.10383.97169.56175.26
Operating Profit61.1366.4566.7371.2772.5172.3578.8972.5776.6046.2246.3723.3129.63
OPM %22.78%24.86%23.15%22.28%20.75%19.67%20.72%21.43%24.41%14.85%10.78%12.09%14.46%
Other Income +5.461.489.012.012.242.661.502.152.991.632.772.040.90
Interest7.955.315.065.325.136.636.885.327.045.677.694.004.22
Depreciation15.4815.5020.8317.1717.5117.6717.3317.7717.9017.9217.6117.7117.92
Profit before tax43.1647.1249.8550.7952.1150.7156.1851.6354.6524.2623.843.648.39
Tax %5.77%5.11%7.98%4.73%5.43%7.39%3.42%3.41%2.53%7.34%4.28%24.73%22.65%
Net Profit +40.6744.7145.8748.3849.2846.9554.2549.8753.2622.4822.822.746.49
EPS in Rs1.521.681.721.811.851.762.031.872.000.840.860.100.24

Financials of Responsive Ind

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2,1062,2472,0061,2477755337561,1039741,0871,4181,3941,139
Expenses +1,8592,0411,8461,1356594366289948638431,1231,152994
Operating Profit24820616011211698128110110244295242146
OPM %12%9%8%9%15%18%17%10%11%22%21%17%13%
Other Income +322418132428-442416188107
Interest2626231713214182823242622
Depreciation166173132878278641056966707171
Profit before tax87312221452615102817221015460
Tax %29%39%66%56%35%8%-64%98%14%6%5%4%
Net Profit +62198929242402416119914855
EPS in Rs1.850.680.400.401.080.911.510.000.916.057.465.572.04
Dividend Payout %5%14%25%24%11%11%7%3,750%11%2%1%2%

Financials of Responsive Ind

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital26262626262626262727272727
Reserves8178558638718969179419429461,1101,3191,5321,549
Borrowings +550420382223109167198236260215256195140
Other Liabilities +261402263268220232102174102194136100124
Total Liabilities1,6541,7031,5351,3891,2511,3421,2681,3781,3341,5461,7381,8531,839
Fixed Assets +1,063919801765692617915820691815797740713
CWIP0700000000000
Investments8141538191310121311717610
Other Assets +5837637185865407123435466307208701,0381,116
Total Assets1,6541,7031,5351,3891,2511,3421,2681,3781,3341,5461,7381,8531,839

Financials of Responsive Ind

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +22016410714230690145-2072257540
Cash from Investing Activity +-8032-36-29-253-94-166-5-5-156-10249
Cash from Financing Activity +-263-160-58-177-62322518-10-7718-87
Net Cash Flow-1233713-64-9284-7-7-8-92
Free Cash Flow142168971093289-269-280352425
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit98%84%79%138%280%101%116%-13%12%94%29%19%

Financials of Responsive Ind

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days539674115761507991127186150194
Inventory Days138264151597181114667376
Days Payable43669442324837833721
Cash Conversion Cycle626894148123167118124204169186249
Working Capital Days293733725152295592108153221
ROCE %7%4%3%3%5%4%6%2%5%15%16%11%
17out of 100

Momentum score · price trend

17 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−26.3%28%
Last 6 months−8.0%41%
Last 3 months−16.3%28%

The price is 58.3% below its all-time high of ₹348.05 (29 Sept 2023). Stocks more than 20% below their peak have their score halved, so 33 became 17.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Responsive Ind: 0.4 × 28 + 0.4 × 41 + 0.2 × 28 = 33, halved to 17 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Responsive Ind's management said in earlier quarters

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