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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Responsive Industries Ltd

About the Company - Responsive Industries Ltd

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Basic Stock Data of Responsive Industries Ltd

Market Cap 7,846 Cr.
Current Price 294
High / Low365/105
Stock P/E57.5
Book Value 40.2
Dividend Yield0.03 %
ROCE4.51 %
ROE2.46 %
Face Value 1.00

Data Source: screener.in

Competitors of Responsive Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sintex Plastics Technology Ltd 69.3 Cr. 1.092.51/0.98 3.560.00 %276 %977 % 1.00
Omfurn India Ltd 65.4 Cr. 80.098.7/31.014.7 34.90.00 %18.6 %16.7 % 10.0
Supreme Industries Ltd 51,468 Cr. 4,0524,888/2,43047.9 3630.64 %26.8 %21.0 % 2.00
Parin Furniture Ltd 145 Cr. 130140/64.637.3 44.60.00 %8.26 %5.67 % 10.0
Nilkamal Ltd 2,956 Cr. 1,9812,805/1,67221.9 9001.02 %13.3 %10.5 % 10.0
Industry Average10,940.74 Cr1,248.8224.36269.210.33%68.59%206.17%6.60

Responsive Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales192203207176293312325227245264237263268
Expenses160157178153261280300210231228195215207
Operating Profit32463023323225181436424861
OPM %17%23%14%13%11%10%8%8%6%14%18%18%23%
Other Income1-5035629553325
Interest-2025337887658
Depreciation18161525252827241615151415
Profit before tax17-2115-2103-0-9-518243243
Tax %4%50%23%-10%34%108%-764%-8%-29%6%4%6%6%
Net Profit16-1012-36-0-3-9-617233041
EPS in Rs0.620.150.44-0.100.23-0.01-0.12-0.32-0.220.630.811.111.51

Responsive Industries Ltd Quarterly Chart

Responsive Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6842,1862,5152,1062,2472,0061,2477755337561,1039741,033
Expenses1,4691,9362,2571,8592,0411,8461,135659436628994863845
Operating Profit21525125824820616011211698128110110188
OPM %13%11%10%12%9%8%9%15%18%17%10%11%18%
Other Income61027322418132428-44241614
Interest1231312626231713214182826
Depreciation79121145166173132878278641056959
Profit before tax130108108873122214526151028117
Tax %14%20%24%29%39%66%56%35%8%-64%98%14%
Net Profit1118782621989292424024110
EPS in Rs3.903.042.721.850.680.400.401.080.911.510.000.904.06
Dividend Payout %3%3%4%5%14%25%24%11%11%7%3,750%11%

Responsive Industries Ltd Profit & Loss Yearly Chart

Responsive Industries Ltd Growth

Compounded Sales Growth
10 Years:-8%
5 Years:-5%
3 Years:22%
TTM:-2%
Compounded Profit Growth
10 Years:-11%
5 Years:15%
3 Years:2%
TTM:16938%
Stock Price CAGR
10 Years:12%
5 Years:26%
3 Years:19%
1 Year:138%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:3%
Last Year:2%

Responsive Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26262626262626262626262626
Reserves5236057398178558638718969179419429771,048
Borrowings764753799550420382223109167198236257218
Other Liabilities142148279261402263268220232102174140160
Total Liabilities1,4551,5321,8431,6541,7031,5351,3891,2511,3421,2681,3781,4011,452
Fixed Assets9001,0261,1501,063919801765692617915820757750
CWIP0000700000000
Investments127123108141538191310121313
Other Assets428382683583763718586540712343546631689
Total Assets1,4551,5321,8431,6541,7031,5351,3891,2511,3421,2681,3781,4011,452

Responsive Industries Ltd Reserves and Borrowings Chart

Responsive Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1725510522016410714230690145-207
Cash from Investing Activity -352-211-48-8032-36-29-253-94-166-5-5
Cash from Financing Activity 364-6590-263-160-58-177-62322518-10
Net Cash Flow29-21146-1233713-64-9284-7-7

Responsive Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days463147539674115761507991127
Inventory Days221510138264151597181114
Days Payable86543669442324841
Cash Conversion Cycle604152626894148123167118124200
Working Capital Days604051625667118102166110123181
ROCE %13%10%8%7%4%3%3%5%4%6%2%5%

Responsive Industries Ltd Financial Efficiency Indicators Chart

Responsive Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters50.13%49.58%49.58%49.58%49.58%49.58%49.58%58.94%58.94%58.94%58.94%58.94%
FIIs5.30%5.30%5.34%5.37%5.34%5.36%5.36%35.69%35.60%35.67%35.67%35.45%
DIIs3.60%3.67%3.60%3.59%3.59%3.59%3.56%3.56%3.56%3.56%3.56%3.56%
Public40.97%41.45%41.48%41.47%41.49%41.47%41.50%1.82%1.89%1.82%1.83%2.06%
No. of Shareholders4,1474,1546,1246,6817,0085,9315,4786,5597,8637,0096,47310,237

Responsive Industries Ltd Shareholding Pattern Chart

No. of Responsive Industries Ltd Shareholders

Responsive Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund324970.181.04

Responsive Industries Ltd ROCE Trend

Responsive Industries Ltd EPS Trend

Responsive Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.920.011.540.921.09
Diluted EPS (Rs.)0.920.011.540.921.09
Cash EPS (Rs.)3.564.023.383.904.24
Book Value[Excl.RevalReserv]/Share (Rs.)39.5638.2138.1642.0441.20
Book Value[Incl.RevalReserv]/Share (Rs.)39.5638.2138.1642.0441.20
Revenue From Operations / Share (Rs.)37.0942.0328.7920.3129.53
PBDIT / Share (Rs.)4.805.095.154.795.33
PBIT / Share (Rs.)2.171.082.691.822.21
PBT / Share (Rs.)1.080.390.561.011.72
Net Profit / Share (Rs.)0.930.010.920.921.12
NP After MI And SOA / Share (Rs.)0.910.001.540.921.09
PBDIT Margin (%)12.9412.0917.8723.5718.04
PBIT Margin (%)5.842.559.358.967.47
PBT Margin (%)2.920.931.974.975.81
Net Profit Margin (%)2.500.013.224.573.80
NP After MI And SOA Margin (%)2.460.005.334.533.70
Return on Networth / Equity (%)2.390.004.162.563.11
Return on Capital Employeed (%)5.282.686.754.225.20
Return On Assets (%)1.710.003.181.802.29
Long Term Debt / Equity (X)0.010.030.030.000.00
Total Debt / Equity (X)0.250.240.200.170.11
Asset Turnover Ratio (%)0.430.400.300.400.57
Current Ratio (X)1.961.691.561.652.10
Quick Ratio (X)1.301.121.101.401.54
Inventory Turnover Ratio (X)2.272.923.964.154.60
Dividend Payout Ratio (NP) (%)11.103759.154.0016.859.38
Dividend Payout Ratio (CP) (%)2.862.531.543.992.43
Earning Retention Ratio (%)88.90-3659.1596.0083.1590.62
Cash Earning Retention Ratio (%)97.1497.4798.4696.0197.57
Interest Coverage Ratio (X)4.437.4735.395.9110.83
Interest Coverage Ratio (Post Tax) (X)1.861.0121.012.153.28
Enterprise Value (Cr.)3502.145014.454588.102408.812649.07
EV / Net Operating Revenue (X)3.604.546.074.523.42
EV / EBITDA (X)27.7937.5633.9719.1618.94
MarketCap / Net Operating Revenue (X)3.354.345.844.003.10
Retention Ratios (%)88.89-3659.1595.9983.1490.61
Price / BV (X)3.254.954.562.262.61
Price / Net Operating Revenue (X)3.354.345.844.003.10
EarningsYield0.010.000.010.010.01

Responsive Industries Ltd Profitability Ratios (%)

Responsive Industries Ltd Liquidity Ratios

Responsive Industries Ltd Liquidity Ratios (%)

Responsive Industries Ltd Interest Coverage Ratios (X)

Responsive Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Responsive Industries Ltd

Fair Value: ₹56.88

The stock is overvalued by 80.65% compared to the current price ₹294

*Investments are subject to market risks

Strength and Weakness of Responsive Industries Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.99 and average Dividend Yield of 6.83%.
  2. The company has higher reserves (845.69 cr) compared to borrowings (390.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (234.77 cr) and profit (57.54 cr) over the years.
  1. The stock has a low average ROCE of 5.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 94.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 104.75, which may not be favorable.

Should I Buy Responsive Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Responsive Industries Ltd:
    1. Net Profit Margin: 2.50%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.28% (Industry Average ROCE: 66.62%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.86
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.30
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 62.4 (Industry average Stock P/E: 15.52)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.25
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Responsive Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE