As of 6 Nov 2026, Responsive Industries trades at 36.4× trailing earnings, above the industry P/E of 22.1×, and the shares are 43% below their 52-week high. Its ROCE of 10% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 13% and 83% a year over 3 years. It has almost no debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹3,690 Cr, ranked 43rd of 204 Specialty Chemicals companies by market cap; the shares fell 30% over the past year.
- ₹139.66
- ₹141.40
- ₹136.50
- ₹139.38
- 2.1 L
Health check
- ReturnsBehind
−30.2% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 36.4 vs industry 22.1.
- GrowthStrong
Sales +12.7%, profit +82.5% a year over 3 years.
- ProfitabilityWeak
ROCE 10.2% vs peer median 24.4%.
- Balance sheetFair
Debt 0.09× equity, interest covered 9.5×, Piotroski 4 of 9.
- Red flags5 to check
Return on equity is low at 3.6%.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,690 Cr
- Small cap
- P/E
- 36.4
- Industry 22.1
- Price to book
- 2.38
- Peers 13.33
- Dividend yield
- 0.07%
- ROE
- 3.6%
- Peers 23.0%
- ROCE
- 10.2%
- Peers 24.4%
- Debt to equity
- 0.09
- Debt ₹140 Cr
- EPS (TTM)
- ₹3.80
- Face value ₹1
- OPM (TTM)
- 15.4%
- Net margin 4.8%
- Sales growth
- −43.1%
- Latest quarter vs a year ago
- Profit growth
- −94.5%
- Latest quarter vs a year ago
- Price to sales
- 3.24
- EV/EBITDA 27.1
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 3.6%.
- Quarterly profit down 94.5% on a year ago.
- Quarterly sales down 43.1% on a year ago.
- P/E of 36.4 against an industry P/E of 22.1.
- 43% below its 52-week high.
About Responsive Industries
Responsive Industries Limited manufactures and sells polyvinyl chloride (PVC) based products in India and internationally. The company provides vinyl flooring, synthetic leather/ropes, and luxury vinyl tile, including LVT-SPC and waterproofing membranes. It also offers plastic, non-metallic mineral, rubber products, and fabricated metal products. The company serves the hospitality, transportation, healthcare, IT and telecom, retail, sports infrastructure,…
- Headquarters
- Thane
- Employees
- 377
- Sector
- Basic Materials
- ISIN
- INE688D01026
- Website
- responsiveindustries.com
Price range
- Avg volume (3M)
- 13.7 L
- 1-year return
- minus 30.2%
- From 52-week high
- minus 42.5%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| RESPONINDResponsive Industries | 138.40 | minus 0.70% | 3,690 | 36.4 | 16.0 | 10.2% | 15.4% | 0.09 | 12.7% | minus 30.2% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 339 | 314 | 311 | 430 | 193 | |
| 266 | 237 | 265 | 384 | 170 | |
| 72.6 | 76.6 | 46.2 | 46.4 | 23.3 | |
| 21.4% | 24.4% | 14.8% | 10.8% | 12.1% | |
| 2.1 | 3 | 2.2 | 2.8 | 2 | |
| 5.3 | 7 | 5.7 | 7.7 | 4 | |
| 17.8 | 17.9 | 17.9 | 17.6 | 17.7 | |
| – | – | −0.5 | – | – | |
| 51.6 | 54.6 | 24.3 | 23.8 | 3.6 | |
| 3.4% | 2.5% | 7.3% | 4.2% | 24.7% | |
| 49.9 | 53.3 | 22.5 | 22.8 | 2.7 | |
| 1.87 | 2.00 | 0.84 | 0.86 | 0.10 |
Profit & loss
- Sales CAGR 3Y
- +12.7%
- Profit CAGR 3Y
- +82.5%
- EPS CAGR 3Y
- +82.9%
- ROE
- 3.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 974 | 1,087 | 1,418 | 1,394 | |
| – | +11.6% | +30.5% | minus 1.7% | |
| 861 | 841 | 1,123 | 1,152 | |
| 112 | 246 | 295 | 242 | |
| 11.5% | 22.6% | 20.8% | 17.3% | |
| 1.1 | 9.2 | 4.2 | 2.3 | |
| 15.4 | 19.3 | 20.3 | 18.1 | |
| 69.1 | 66.2 | 69.7 | 71.2 | |
| −0.6 | 2.7 | 0.4 | −0.5 | |
| 28.4 | 172 | 210 | 154 | |
| 14.1% | 6.3% | 5.2% | 3.8% | |
| 24.4 | 161 | 199 | 148 | |
| – | +561.1% | +23.3% | minus 25.4% | |
| 0.91 | 6.05 | 7.46 | 5.57 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.7 | 26.7 | 26.7 | 26.7 | |
| 946 | 1,110 | 1,319 | 1,532 | |
| 260 | 215 | 256 | 195 | |
| 102 | 194 | 136 | 99.5 | |
| 1,334 | 1,546 | 1,738 | 1,853 | |
| 691 | 816 | 799 | 740 | |
| – | 1.1 | 1.9 | 0.1 | |
| 0 | 0.1 | 0.1 | 0.1 | |
| 28.7 | 27.3 | 19 | 19.3 | |
| 615 | 702 | 918 | 1,094 | |
| 1,334 | 1,546 | 1,738 | 1,853 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7 | 225 | 75.4 | 39.6 | |
| −4.8 | −156 | −102 | 49.4 | |
| −9.5 | −77.1 | 18.2 | −86.6 | |
| −7.3 | −7.9 | −8.8 | 2.4 | |
| −7.8 | −190 | −52.3 | −17.1 | |
| −0.8 | 35 | 23.1 | 22.6 | |
| −2.6 | −2.6 | −2.7 | −2.7 |
Shareholding pattern
- Promoters59.14%
- Public40.86%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.14% | 40.86% | 0.00 | |
| 30 Jun 2026 | 59.14% | 40.86% | 0.00 | |
| 31 Mar 2026 | 59.14% | 40.86% | 0.00 | |
| 31 Dec 2025 | 59.14% | 40.86% | 0.00 | |
| 30 Sep 2025 | 59.14% | 40.86% | – |
Major shareholders
Filings & events
News
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