Responsive Industries Limited, established in 1982 and headquartered in Betegaon, Maharashtra, is a prominent manufacturer specializing in polyvinyl chloride (PVC)-based products. With over 30 years of expertise, the company has evolved into a key player in the plastic industry, particularly in the fields of vinyl flooring, synthetic leather, and luxury vinyl tiles (LVT). Its wide product range includes homogeneous and heterogeneous vinyl flooring, safety flooring, and synthetic leather, catering to various sectors, such as construction, automotive, and furniture. Responsive Industries serves over 70 countries, leveraging a robust distribution network that helps the company reach a global audience. The company is committed to providing innovative, high-quality products designed to meet diverse customer needs. In addition to its focus on quality, Responsive Industries places great importance on customer relationships, emphasizing transparency, clear communication, and a customer-first approach. The company also integrates sustainability into its operations, implementing pre-consumer and post-consumer recycling programs to reduce its environmental footprint. Through these efforts, Responsive Industries has solidified its position as a responsible and forward-thinking leader in the PVC manufacturing sector.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 58.94% | 58.94% | 58.58% | 58.58% | 58.58% |
| FIIs + | 35.45% | 35.12% | 35.08% | 35.12% | 34.77% |
| DIIs + | 3.56% | 3.57% | 3.59% | 3.59% | 3.56% |
| Public + | 2.06% | 2.36% | 2.76% | 2.72% | 3.08% |
| No. of Shareholders | 10,237 | 12,781 | 14,277 | 14,974 | 16,566 |
Responsive Industries’ shareholding pattern shows a strong presence of promoters, holding 58.58% as of September 2024, maintaining a steady shareholding throughout the year. Foreign Institutional Investors (FIIs) also hold a significant portion of the company with 34.77% in September 2024, slightly decreasing from previous months. Domestic Institutional Investors (DIIs) have a smaller share of 3.56%, remaining stable in recent months. The public segment’s shareholding has seen a gradual increase, reaching 3.08% by September 2024, reflecting growing investor interest. Additionally, the company has experienced a rise in the number of shareholders, increasing from 10,237 in September 2023 to 16,566 by September 2024, indicating expanding participation from retail investors.
Below are the trading platforms that you can use to purchase Responsive Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 301.55 | 262.22 |
As we approach December 2024, the maximum price for Responsive Industries is expected to reach ₹301.55, with a minimum price of ₹262.22.
| When | Maximum Price | Minimum Price |
| January 2025 | 304.57 | 234.28 |
| February 2025 | 307.65 | 236.65 |
| March 2025 | 314.11 | 241.62 |
| April 2025 | 311.00 | 239.23 |
| May 2025 | 301.94 | 232.26 |
| June 2025 | 315.53 | 242.71 |
| July 2025 | 309.34 | 237.95 |
| August 2025 | 318.91 | 245.31 |
| September 2025 | 322.73 | 248.26 |
| October 2025 | 331.12 | 254.71 |
| November 2025 | 339.40 | 261.08 |
| December 2025 | 354.68 | 272.83 |
As we step into January 2025, the maximum price for Responsive Industries is expected to reach ₹304.57, with a minimum price of ₹234.28. As we move through the months, the stock price is anticipated to rise steadily, with significant increases seen in the later months. By December 2025, Responsive Industries’ maximum price is projected to reach ₹354.68, while the minimum price could stand at ₹272.83.
| When | Maximum Price | Minimum Price |
| January 2026 | 365.32 | 281.01 |
| February 2026 | 356.18 | 273.99 |
| March 2026 | 363.31 | 279.47 |
| April 2026 | 370.72 | 285.17 |
| May 2026 | 367.05 | 282.35 |
| June 2026 | 376.23 | 289.40 |
| July 2026 | 368.85 | 283.73 |
| August 2026 | 380.26 | 292.51 |
| September 2026 | 387.86 | 298.36 |
| October 2026 | 397.95 | 306.11 |
| November 2026 | 407.90 | 313.77 |
| December 2026 | 418.09 | 321.61 |
| When | Maximum Price | Minimum Price |
| January 2027 | 422.27 | 324.83 |
| February 2027 | 433.10 | 333.15 |
| March 2027 | 449.99 | 346.15 |
| April 2027 | 441.17 | 339.36 |
| May 2027 | 428.32 | 329.48 |
| June 2027 | 447.59 | 344.30 |
| July 2027 | 438.82 | 337.55 |
| August 2027 | 452.39 | 347.99 |
| September 2027 | 468.22 | 360.17 |
| October 2027 | 480.40 | 369.54 |
| November 2027 | 492.41 | 378.77 |
| December 2027 | 504.72 | 388.24 |
| When | Maximum Price | Minimum Price |
| January 2028 | 514.81 | 396.01 |
| February 2028 | 528.01 | 406.16 |
| March 2028 | 548.60 | 422.00 |
| April 2028 | 537.85 | 413.73 |
| May 2028 | 522.18 | 401.68 |
| June 2028 | 545.68 | 419.75 |
| July 2028 | 534.98 | 411.52 |
| August 2028 | 551.53 | 424.25 |
| September 2028 | 570.83 | 439.10 |
| October 2028 | 585.67 | 450.52 |
| November 2028 | 600.31 | 461.78 |
| December 2028 | 615.32 | 473.32 |
| When | Maximum Price | Minimum Price |
| January 2029 | 627.63 | 482.79 |
| February 2029 | 643.72 | 495.17 |
| March 2029 | 668.82 | 514.48 |
| April 2029 | 655.71 | 504.39 |
| May 2029 | 636.61 | 489.70 |
| June 2029 | 665.26 | 511.74 |
| July 2029 | 652.21 | 501.70 |
| August 2029 | 672.39 | 517.22 |
| September 2029 | 695.92 | 535.32 |
| October 2029 | 714.01 | 549.24 |
| November 2029 | 731.86 | 562.97 |
| December 2029 | 750.16 | 577.05 |
| When | Maximum Price | Minimum Price |
| January 2030 | 765.16 | 588.59 |
| February 2030 | 784.78 | 603.68 |
| March 2030 | 815.39 | 627.22 |
| April 2030 | 799.40 | 614.92 |
| May 2030 | 776.12 | 597.01 |
| June 2030 | 811.04 | 623.88 |
| July 2030 | 795.14 | 611.65 |
| August 2030 | 819.73 | 630.56 |
| September 2030 | 848.42 | 652.63 |
| October 2030 | 870.48 | 669.60 |
| November 2030 | 892.24 | 686.34 |
| December 2030 | 914.55 | 703.50 |
As we move into January 2030, the maximum price for Responsive Industries is projected to be ₹765.16, with a minimum of ₹588.59. As we move through the year, the stock price is expected to show steady growth, with the highest value reaching ₹914.55 in December 2030, and the minimum price standing at ₹703.50.
Financial Condition of Responsive Industries
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 533 | 756 | 1,103 | 974 | 1,087 | 1,225 |
| Expenses + | 436 | 628 | 994 | 863 | 843 | 948 |
| Operating Profit | 98 | 128 | 110 | 110 | 244 | 277 |
| OPM % | 18% | 17% | 10% | 11% | 22% | 23% |
| Other Income + | 28 | -44 | 24 | 16 | 18 | 15 |
| Interest | 21 | 4 | 18 | 28 | 23 | 21 |
| Depreciation | 78 | 64 | 105 | 69 | 66 | 71 |
| Profit before tax | 26 | 15 | 10 | 28 | 172 | 200 |
| Tax % | 8% | -64% | 98% | 14% | 6% | |
| Net Profit + | 24 | 24 | 0 | 24 | 161 | 188 |
| EPS in Rs | 0.91 | 1.51 | 0 | 0.91 | 6.05 | 7.06 |
| Dividend Payout % | 11% | 7% | 3750% | 11% | 2% |
Responsive Industries has demonstrated consistent growth in its financial performance over recent years. The company’s sales increased from ₹533 crore in March 2020 to ₹1,087 crore by March 2024, with further improvement to ₹1,225 crore in the trailing twelve months (TTM). Alongside this, the company has been able to manage its expenses effectively, which stood at ₹843 crore in March 2024 and ₹948 crore in TTM. This steady growth in sales coupled with controlled expenses is a positive indicator of the company’s operational efficiency.
The operating profit of Responsive Industries has shown a remarkable improvement. It grew from ₹110 crore in March 2023 to ₹244 crore in March 2024, with the operating profit margin (OPM) rising from 11% to 22% over the same period. In TTM, the OPM further increased to 23%, signaling strong profitability. The company’s ability to enhance profitability is further reflected in its profit before tax (PBT), which surged from ₹28 crore in March 2023 to ₹172 crore in March 2024, continuing to ₹200 crore in TTM.
Responsive Industries also reported a significant increase in net profit, moving from ₹24 crore in March 2023 to ₹161 crore in March 2024, and reaching ₹188 crore in TTM. Its earnings per share (EPS) also saw an impressive rise from ₹0.91 in March 2023 to ₹6.05 in March 2024, demonstrating robust financial performance. However, the dividend payout ratio remained relatively low at 2% in March 2024, which suggests that the company is prioritizing reinvestment to fuel future growth.
FAQS
As of 6th December 2024, the current share price of Responsive Industries is ₹270.
Responsive Industries share prices ranging from a projected high of ₹354.68 to an anticipated low of ₹232.26.
The expected maximum price prediction for 2030 is ₹914.55.
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Conclusion
In conclusion, Responsive Industries has exhibited remarkable financial growth, marked by consistent revenue increases and improved profitability. The company’s ability to manage expenses effectively, coupled with strong operating profit margins and a significant rise in net profit, reflects its operational efficiency and strategic direction. With impressive growth in earnings per share and a solid financial foundation, Responsive Industries is poised for continued success. Although its dividend payout remains modest, the focus on reinvestment highlights a forward-thinking approach for future expansion. Overall, the company’s financial performance positions it well for sustained growth and value creation for shareholders.
What did we learn?
- 1 Shareholdings Patterns of Responsive Industries
- 2 How to purchase Responsive Industries shares?
- 3 Responsive Industries Share Price Target: 2024, 2025 to 2030
- 3.1 Responsive Industries Share Price Target 2024
- 3.2 Responsive Industries Share Price Target 2025
- 3.3 Responsive Industries Share Price Target 2026
- 3.4 Responsive Industries Share Price Prediction 2027
- 3.5 Responsive Industries Share Price Target 2028
- 3.6 Responsive Industries Share Price Prediction 2029
- 3.7 Responsive Industries Share Price Target 2030
- 4 Financial Condition of Responsive Industries
- 5 FAQS
- 6 Conclusion
