Responsive Industries Limited (RESPONIND)

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Responsive Industries Limited (RESPONIND) · mywealthgrid

About

Responsive Industries Limited manufactures furniture, home furnishings in consumer discretionary sector; market cap ₹4,422.89 Cr. Operates via standalone and consolidated segments (dual revenue reporting in recent quarters), serving retail furniture and home décor markets. Mid-cap player with consistent dividend payments in organized furniture sector.

Face value: ₹1

Market cap

₹4,335 Cr

P/E

42.8×

P/B

2.8×

Dividend yield

0.1%

ROE

10.2%

ROCE

11.4%

Debt / equity

0.12

OPM

17.3%

EPS (TTM)

₹3.8

Book value

₹58.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE 43.66 vs ROE 10.22% signals expensive valuation vs capital returns; verify earnings sustainability justifies multiple.
EPS ranges ₹0.07–₹2 across quarters; significant volatility requires understanding drivers and whether consolidated-vs-standalone mix stabilizes.
FII shareholding collapsed from 32.2% (Mar 2026) to 7.48% (Jun 2026) while public jumped to 30.16%; verify reasons for institutional exit.
Stock declined 18.82% over 1 year despite ongoing dividends; assess weakened fundamentals or sentiment shift.

Generated analysis · source review pending

Growth drivers

Operating margins 17.34% avg, consolidated Sep 2025 at 24.41%; profit expansion possible if consolidated business scales without proportional cost rise.
Consistent dividends (2022–2026) and recent payouts signal steady cash generation; earnings growth would enable higher distributions.
Dual reporting (standalone ₹130–192 Cr vs consolidated ₹313–430 Cr quarterly revenue) indicates significant consolidated ops; verify whether integration and scale drive earnings growth.

Generated analysis · source review pending

2,525 historical price candles were omitted because the exchange source has not been verified.

₹162.6-3.3%1Y

Quick read

rule-based

Pros

+Profit CAGR of 29.8% over the last 5 years

Cons

−Low dividend payout of 5.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 44
Growth: 38
Valuation: 43

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	533	756	1,106	974	1,087	1,418	1,394
COGS	330	527	846	686	698	959	987
Gross profit	203	228	260	288	389	459	407
	105	101	147	178	146	164	166
	97	128	112	110	243	295	242
OPM %	18.3%	16.9%	10.2%	11.3%	22.3%	20.8%	17.3%
Depreciation	78	64	105	69	66	70	71
Interest	21	4	18	28	23	24	26
	28	-44	21	16	18	8	10
Profit before tax	27	15	10	28	172	210	154
Tax	2	-10	10	4	11	11	6
Tax %	8%	-63.9%	99%	14%	6.3%	5.2%	3.9%
	24	24	0	24	161	199	148
PAT margin %	4.6%	3.2%	0%	2.5%	14.8%	14%	10.7%
EPS (₹)	0.9	1.5	0	0.9	6.1	7.5	5.6
EPS adjusted (₹)	0.9	1.5	0	0.9	6.3	7.5	5.6
	10.9%	6.5%	—	10.8%	1.7%	1.3%	1.8%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	26	26	26	26	27	27	27
Reserves	—	941	942	977	1,110	1,319	1,532
Minority interest	—	34	34	35	0	0	0
	—	197	236	257	206	250	192
	559	69	139	105	203	142	102
Total equity & liabilities	585	1,268	1,378	1,401	1,546	1,738	1,853
	550	915	820	757	815	797	753
CWIP	—	0	0	0	0	0	0
Investments	—	10	12	13	11	71	76
	35	343	546	631	720	870	1,025
Total assets	585	1,268	1,378	1,401	1,546	1,738	1,853

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	38.1%	30.2%	23.5%	29.5%	35.8%	32.3%	29.2%
EBITDA margin %	18.3%	16.9%	10.2%	11.3%	22.3%	20.8%	17.3%
EBIT margin %	3.7%	8.3%	0.6%	4.2%	16.2%	15.9%	12.2%
PAT margin %	4.6%	3.2%	0%	2.5%	14.8%	14%	10.7%
Working capital
Receivable days	—	79	91	127	186	150	194
Inventory days	—	71	81	114	66	73	76
Payable days	—	32	48	41	83	37	21
NWC days	—	118	123	200	169	186	249
Leverage
Current ratio	—	1.56	1.69	1.96	1.96	3.48	6.16
Debt to EBITDA	—	1.55	2.1	2.34	0.85	0.85	0.79
Debt to equity	—	0.2	0.24	0.26	0.18	0.19	0.12
Interest coverage	2.2	18.5	1.6	2	8.5	9.8	7
Asset turnover	0.91	0.6	0.8	0.7	0.7	0.82	0.75
Return ratios
Return on assets %	4.2%	1.9%	0%	1.7%	10.4%	11.4%	8%
Return on capital employed %	—	6.8%	2.7%	5.3%	17.3%	17.6%	11.4%
Return on equity %	—	2.5%	0%	2.4%	14.2%	14.8%	9.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.94%	58.94%	58.58%	58.58%	58.58%	58.58%	58.58%	58.58%	59.14%	59.14%	59.14%	59.14%
	35.44%	35.12%	35.08%	35.11%	34.78%	32.48%	31.62%	31.4%	30.61%	31.23%	32.2%	7.48%
	3.56%	3.57%	3.58%	3.59%	3.57%	3.51%	3.51%	3.35%	3.3%	3.28%	3.22%	3.22%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	2.06%	2.37%	2.76%	2.72%	3.07%	5.43%	6.29%	6.67%	6.95%	6.35%	5.44%	30.16%
No. of shareholders	—	—	—	—	—	—	—	—	17,625	17,106	16,316	15,773

Promoter holding up 0.2 percentage points since Sep 2023.

9 deals · 20 Jul 2023 – 4 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	25,69,617	₹169.01	₹43.43 Cr
4 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	25,69,617	₹168.87	₹43.39 Cr
4 Sept 2026	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Sell	14,86,402	₹169.12	₹25.14 Cr
4 Sept 2026	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Buy	14,86,402	₹169.04	₹25.13 Cr
29 Dec 2025	BRENZETT LIMITED	Bulk	NSE	Sell	21,79,046	₹200.46	₹43.68 Cr
1 Jan 2025	BRENZETT LIMITED	Bulk	NSE	Sell	20,00,000	₹249.02	₹49.80 Cr
18 Dec 2024	BRENZETT LIMITED	Bulk	NSE	Sell	20,00,000	₹259.00	₹51.80 Cr
3 Dec 2024	BRENZETT LIMITED	Bulk	NSE	Sell	25,00,000	₹254.59	₹63.65 Cr
20 Jul 2023	BRENZETT LIMITED	Bulk	NSE	Sell	26,50,000	₹182.02	₹48.24 Cr

1–9 of 9

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. AAYUSH AGARWALNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. MEHUL LALJIBHAI VALAExecutive Director-CEO
Mr. SADANAND RAGHAVENDRA MORABExecutive Director
Mr. SANJIV SWARUPNon-Executive - Independent Director
Rajendra Kumar ParsaniaChief Operating Officer
Mr. AJAY PRATAPRAY SHANGHAVINon-Executive - Independent Director
Ms. JENY VINOD GOWADIANon-Executive - Independent Director
Mr. Bajrang Lal BajajNon - Executive Independent Director
Mr. Ruvi BhansaliChief Financial Officer
Mr. Jayesh JainCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	127	0	0%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

22

Final dividend14 Aug 2026 · ex-date₹0.1
Final dividend12 Sept 2025 · ex-date₹0.1
Final dividend6 Sept 2024 · ex-date₹0.1
Dividend dividend8 Sept 2023 · ex-date₹0.1
Final dividend21 Sept 2022 · ex-date₹0.1
Final dividend22 Sept 2021 · ex-date₹0.1
Final dividend16 Dec 2020 · ex-date₹0.07
Interim dividend21 Nov 2019 · ex-date₹0.03
Dividend dividend19 Sept 2019 · ex-date₹0.12
Dividend dividend31 May 2018 · ex-date₹0.1
Dividend dividend21 Sept 2017 · ex-date₹0.1
Interim dividend17 Mar 2016 · ex-date₹0.1
Dividend dividend15 Sept 2015 · ex-date₹0.1
Dividend dividend1 Aug 2014 · ex-date₹0.1
Dividend dividend1 Aug 2013 · ex-date₹0.1
Dividend dividend30 Jul 2012 · ex-date₹0.1
Final dividend14 Jun 2011 · ex-date₹0.1
Dividend dividend2 Sept 2010 · ex-date₹1
Dividend dividend14 Sept 2009 · ex-date₹1
Dividend dividend4 Aug 2008 · ex-date₹0.8
Dividend dividend13 Sept 2007 · ex-date₹0.6
Dividend dividend13 Oct 2006 · ex-date₹0.6

1

Board meeting to consider results14 Aug 2026

1

Face value ₹10 → ₹18 Oct 2010 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

96 announcementsExport CSV

28 Sept 2026, 4:10 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	38.1%	30.2%	23.5%	29.5%	35.8%	32.3%	29.2%
EBITDA margin %	18.3%	16.9%	10.2%	11.3%	22.3%	20.8%	17.3%
EBIT margin %	3.7%	8.3%	0.6%	4.2%	16.2%	15.9%	12.2%
PAT margin %	4.6%	3.2%	0%	2.5%	14.8%	14%	10.7%
Working capital
Receivable days	—	79	91	127	186	150	194
Inventory days	—	71	81	114	66	73	76
Payable days	—	32	48	41	83	37	21
NWC days	—	118	123	200	169	186	249
Leverage
Current ratio	—	1.56	1.69	1.96	1.96	3.48	6.16
Debt to EBITDA	—	1.55	2.1	2.34	0.85	0.85	0.79
Debt to equity	—	0.2	0.24	0.26	0.18	0.19	0.12
Interest coverage	2.2	18.5	1.6	2	8.5	9.8	7
Asset turnover	0.91	0.6	0.8	0.7	0.7	0.82	0.75
Return ratios
Return on assets %	4.2%	1.9%	0%	1.7%	10.4%	11.4%	8%
Return on capital employed %	—	6.8%	2.7%	5.3%	17.3%	17.6%	11.4%
Return on equity %	—	2.5%	0%	2.4%	14.2%	14.8%	9.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Sheela Foam LimitedSFLSFL	₹6,734 Cr	₹7,642 Cr	₹4,031 Cr	₹427 Cr	10.3%	₹215 Cr	4.2%	7.1%	5.1%	31
Wakefit Innovations LimitedWAKEFITWAKEFIT	₹4,634 Cr	₹4,634 Cr	₹1,489 Cr	₹182 Cr	12.2%	₹189 Cr	12.7%	9.2%	16.7%	2
Responsive Industries LimitedRESPONINDRESPONIND	₹4,335 Cr	₹4,527 Cr	₹1,248 Cr	₹193 Cr	17.3%	₹101 Cr	10.7%	11.4%	10.2%	249
Euro Pratik Sales LimitedEUROPRATIKEUROPRATIK	₹1,946 Cr	₹1,958 Cr	₹374 Cr	₹118 Cr	33.8%	₹86 Cr	23%	39.4%	28.3%	320
Stanley Lifestyles LimitedSTANLEYSTANLEY	₹778 Cr	₹779 Cr	₹410 Cr	₹70 Cr	18%	₹5 Cr	3.1%	6.6%	2.6%	190
Hardwyn India LimitedHARDWYNHARDWYN	₹449 Cr	₹454 Cr	₹192 Cr	₹20 Cr	10.6%	₹12 Cr	6.6%	4.9%	3.3%	115
Sham Foam LtdSHAMFOAMSHAMFOAM	₹92 Cr	—	—	—	—	—	—	—	—	—
Tirupati Foam LtdTIRUFOAMTIRUFOAM	₹31 Cr	₹65 Cr	₹74 Cr	₹8 Cr	7.8%	₹1 Cr	2%	13.7%	5.8%	159
Milestone Furniture LtdMILEFURMILEFUR	₹24 Cr	₹24 Cr	₹0 Cr	₹-0 Cr	—	₹-0 Cr	—	-1.9%	-1.9%	—
Shashwat Furnishing Solutions LtdSFSLSFSL	₹13 Cr	₹14 Cr	₹24 Cr	₹-0 Cr	-0.3%	₹-1 Cr	-3%	-3.6%	-20.1%	—
Golden Carpets LtdGOLCAGOLCA	₹7 Cr	₹11 Cr	₹1 Cr	₹0 Cr	-12.6%	₹0 Cr	-16.8%	-5.6%	—	3,694
Magenta Lifecare LtdMAGENTAMAGENTA	₹5 Cr	—	₹14 Cr	₹0 Cr	2.3%	₹0 Cr	0.8%	—	—	—

Date	Category	Subject	Filing
28 Sept 2026, 4:10 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
17 Sept 2026, 4:20 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On September 17, 2026	PDF
10 Sept 2026, 6:11 pm	Board Meeting	Board Meeting Intimation for Considering The Proposal Of Buy-Back Of Equity Shares Of The Company	PDF
1 Sept 2026, 5:00 pm	Company Update General	Disclosure Under Regulation 31(1) Of The SEBI (SAST) Regulations, 2011 & Regulation 7(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015	PDF
26 Aug 2026, 5:50 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
24 Aug 2026, 4:35 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
17 Aug 2026, 4:57 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
14 Aug 2026, 6:19 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	142	306	90	150	-20	7	226	75	40
	-29	-253	-94	-165	-5	-5	-157	-103	49
	-177	-62	32	19	18	-10	-77	18	-87
Net cash flow	-64	-9	28	4	-7	-7	-8	-9	2
Free cash flow	84	297	85	119	-34	-1	36	23	23
CFO / Operating profit %	—	—	92.4%	117.7%	-17.8%	6.3%	93%	25.6%	16.4%

Responsive Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

22

1

1

Announcements

22

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Responsive Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends22

Board meetings1

Stock splits1

Announcements

Dividends22

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

22

1

1

22

1

1