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Responsive Industries Ltd share Price Today

Company details

310.30
320.35
153.05
364.95
6M Return -2.73%
1Y Return 75.89%
Mkt Cap.(Cr) 8,326.20
Volume 220,490
Div Yield 0.03%
OI
-
OI Chg %
-
Volume 220,490

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Furniture-Furnishing-Paints company Responsive Industries announced Q4FY24 & FY24 results:

  • Profitability: The company's EBITDA showed robust growth, reaching Rs 261.25 crore (107.36%) for the year ended March 31st, 2024 showcasing the company’s commitment and focus on margin accreditive products. EBITDA for Q4 increased by 70.36% on YoY basis to Rs 75.74 crore, this growth is clearly demonstrated by the faith of our customers, creation of new product segments and inroads into established markets.
  • Net Profit: Responsive Industries continues its strong positioning by clocking a Net Profit of Rs 161.26 crore (an increase of 561.17%) for the FY24. Net Profit for Q4 has increased by 101.72% (Rs 45.87 crore vs. Rs 22.74 crore) on YoY basis.
  • Earning Per Share: EPS for FY24 is at Rs 6.05 per share as against Rs 0.91 for FY23, an annualised growth of 564.84%.
  • Customer Acquisition: Responsive has become the preferred supplier of flooring products to many customers worldwide and continues to acquire new ones based on the goodwill and quality of its products.
  • New Market Expansion: Responsive Industries has been able to enter new markets globally and has established itself as a top source for materials.

Commenting on the business performance, Rishabh Agarwal, Non-Executive Director & Chairman, Responsive Industries Limited said, "We are thrilled to announce another year of Robust Growth and Strong Financial Performance. Our consistent focus on Innovation, Quality, and Customer Satisfaction has driven us to new heights. As we move forward, we remain committed to expanding our market presence. We're seeing all our Business Verticals Firing on all Cylinders now. This Strong Revenue Growth across the board is a testament to our team's Dedication and our Strategic Focus on Diversification. We're excited to keep this Momentum Going and deliver even Greater Value to our Stakeholders.

The company saw its SPC/LVP floor segment grow the fastest and helped capture market in the United States of America. Responsive now has a strong presence in a large number of stores across the USA.

In the current Global Scenario, we are the Preferred Diversification Option for most customers across the world. The increased energy prices across Europe also helped company increase its presence.

The Company is under final stages of negotiations with New Customers that should enable guide the strong growth over the Next Multiple Quarters. We hope to continue our status as a Zero-Debt company.

As I have mentioned before, we are Exceptionally Proud of Responsive Industries’ performance in FY24. These financial results are a testament to the Dedication and Hard Work of our team. As we move forward, we Remain Committed to our Core Values of Innovation, Sustainability, and Exceptional Service to our customers. We are confident that Responsive Industries is Well-Positioned for Continued Success and Growth in the Future", added Mr. Agarwal.

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Responsive Industries Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (2)

  • Promoters increased pledged shares QoQ
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 318.3
R2 324.4
R3 328.4
Pivot

314.32

S1 308.3
S2 304.3
S3 298.2
EMA SMA
311.1
303.8
299.7
284.0
311.5
299.7
299.0
305.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BRENZETT LIMITED Bulk Sell 2023-07-20 182.02 2650000 NSE
STREAM VALUE FUND Bulk Purchase 2019-02-20 90 4285869 BSE
PASSAGE TO INDIA MASTER FUND LIMITED Bulk Sell 2019-02-20 90 4285869 BSE
Name Category Shares
Wellknown Business Ventures LLP PROMOTER 47.51%
Fairpoint Tradecom LLP PROMOTER 9.38%
Efficient Builders LLP PROMOTER 0.6%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Responsive Industries Ltd Stocks COMPARISON

Financials( in Cr) Responsive Industries Ltd Supreme Industries Ltd Astral Ltd Finolex Industries Ltd Safari Industries (India) Ltd
Price 312.30 6,156.40 2,257.20 331.40 2,092.05
% Change -1.12 1.93 -0.54 -0.32 0.33
Mcap Cr 8,326.20 78,202.90 60,634.49 20,562.61 10,202.30
Revenue TTM Cr 973.66 10,134.26 5,158.50 4,397.05 1,211.98
Net Profit TTM Cr 24.44 1,069.72 472.50 250.70 125.09
PE TTM 51.68 75.66 111.05 43.45 57.95
1 Year Return 75.89 106.09 14.66 89.64 42.82
ROCE 4.60 29.36 25.53 6.42 37.54
ROE 2.48 22.49 18.73 5.13 34.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,003.38 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Responsive Industries Ltd Information

Stock PE (TTM)
51.68
Promoter Holding
58.58%
Book Value
42.6491
ROCE
4.6%
ROE
2.48%
Description
  • Responsive Industries, founded in 1982, is India’s largest manufacturer of vinyl flooring, synthetic leather, PVC, and other related products. The company, headquartered in Mumbai, exports to more than 65 countries worldwide. The company owns and operates a 100-acre manufacturing facility in India and caters to more than 25 end-use industries.

    On 21 January 2022, the market capitalisation of the company was Rs 3,549.94 crore. It reported consolidated sales of Rs 128.5 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 505509 and the National Stock Exchange with the code RESPONIND.

    On 30 September 2022, the company’s shareholding pattern indicated a promoter stake of 58.9%. Foreign institutional investors do not hold any stake in the company. Domestic mutual funds and DIIs held a consolidated stake of 3.6%, and the public held a stake of 31.9% in the company. The company’s shareholding pattern has remained largely consistent over the past year. 

    The company’s board of directors comprises Rishabh Agarwal, Mehul Vala, Kanak Jani, Anand Sadashiv Kapre, Manish Kumar Agarwal, Mita Jha, and others. The auditors are Shah & Taparia. On 30 September 2022, the company had a total of 26.69 crore shares outstanding.

    On 21 January 2023, Responsive Industries’ share price on BSE was Rs 133.15 and Rs 133.65 on NSE. The share price touched a 52-week high of Rs 215.00 and a 52-week low of Rs 100.95. Its three-month return to investors was -3.13%, while its one-year return was -30.3%.

    On November 2022, the company had a trailing twelve-month (TTM) revenue of Rs 1,103.42 crore. The company also had a net profit of Rs 0.16 crore during the same period. The company’s ROCE was 2.21. Responsive Industries ROE was 0.01. During the financial year 2021-2022, the company saw basic EPS of 0.01.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Village Betegaon Boisar (East), Mahagaon Road Taluka Palghar, Thane, Maharashtra, 401501

Tel : 91-022-66562821
Email : investor:responsiveindustries.com
Website : http://www.responsiveindustries.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 505509
NSE Code : RESPONIND
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE688D01026

FAQ’s on Responsive Industries Ltd Shares

You can buy Responsive Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Responsive Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 03:59 PM the closing price of Responsive Industries Ltd was Rs.312.30.

The latest PE ratio of Responsive Industries Ltd as of Jun 18, 2024 03:59 PM is 51.68

The latest PB ratio of Responsive Industries Ltd as of Jun 18, 2024 03:59 PM is 0.14

The 52-week high of Responsive Industries Ltd share price is Rs. 364.95 while the 52-week low is Rs. 153.05

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 03:59 PM, the market cap of Responsive Industries Ltd stood at Rs. 8,326.20.

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