- Valuation
- ₹8,216 Cr

About Responsive Industries Limited
Data last updated:
Responsive Industries Limited is a public limited company based in Betegaon, Maharashtra, India, a subsidiary of Wellknown Business Ventures Llp. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 13 July 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65100MH1982PLC027797. Its GSTIN is 27AABCS5068A1ZL (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 505509 and NSE: RESPONIND.
The company has an authorised share capital of ₹122 Cr and a paid-up capital of ₹26.66 Cr. It was formerly known as Sinhal Holdings Limited and Responsive Polymers Limited. It is led by directors including Sadanand Raghavendra Morab (Whole-Time Director) and Mehul Laljibhai Vala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Betegaon Mahagaon Road Boisar East Taluka Palghar Dist. Thane, Maharashtra, India – 401501.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,394.12 Cr, a decline of 1.7% compared to the previous year. For the same year it recorded a net profit of ₹148.96 Cr (net margin 10.7%) and EBITDA of ₹241.23 Cr (EBITDA margin 17.3%). The net worth stands at ₹1,558.92 Cr (up 15.9% YoY). Total assets are valued at ₹1,761.72 Cr (up 9.5% YoY).
The company has about 345 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Responsive Industries. As per MCA filings, the company has open charges of ₹365.47 Cr and satisfied charges of ₹1,205.6 Cr on record. Court records list 81 cases involving the company, including 37 filed by the company and 44 filed against it; 23 cases are pending. The company has 15 deals on record (10 market trades, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹152.76 Cr; the latest was in December 2025. Its 7 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 4 smaller; the largest is Nilkamal Limited with revenue of ₹3,324.43 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2024, listing 9 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website responsiveindustries.com.
Company details
Name history
Responsive Industries has undergone 2 name changes throughout its history. The company was previously known as Sinhal Holdings Limited, and Responsive Polymers Limited. The current legal name is Responsive Industries Limited.
| Company Name | Status |
|---|---|
| Responsive Industries Limited | Current |
| Sinhal Holdings Limited | Previous |
| Responsive Polymers Limited | Previous |
CIN history
Responsive Industries has one previous CIN (Corporate Identification Number): L99999MH1982PLC027797. The current CIN is L65100MH1982PLC027797, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65100MH1982PLC027797 | Current |
| L99999MH1982PLC027797 | Previous |
Recognitions & Rankings of Responsive Industries
Contact details
Responsive Industries Limited's registered office is in Betegaon, Maharashtra. Its website is responsiveindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBetegaon Mahagaon Road Boisar East Taluka Palghar Dist. Thane, Maharashtra, India – 401501
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Responsive Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Responsive Industries operates one associated brand: Responsive Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & supplier of polyvinyl chloride (PVC) based products | responsiveindustries.com |
Business activity
The main business activity of Responsive Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Responsive Industries Limited, buy the company report.
Financials of Responsive Industries Limited
FY 2025-26 filings availableResponsive Industries Limited reported revenue of ₹1,394.12 Cr (down 1.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,394 | 1,418 | 1,087 | 974 | 1,103 | 756 | 533 |
| Revenue growth | -1.7% | +30.5% | +11.6% | -11.8% | +46.0% | +41.8% | - |
| EBITDA | 241 | 295 | 243 | 110 | 110 | 75.54 | 97.46 |
| EBITDA margin | +17.3% | +20.8% | +22.3% | +11.3% | +10.0% | +10.0% | +18.3% |
| Profit before tax | 154 | 210 | 172 | 28.38 | 10.35 | 14.89 | 26.49 |
| Net profit | 149 | 199 | 162 | 24.61 | 0.03 | 80.54 | 23.04 |
| Net profit margin | +10.7% | +14.0% | +14.9% | +2.5% | 0.0% | +10.7% | +4.3% |
| EPS (₹) | 5.57 | 7.46 | 6.05 | 0.91 | 0.00 | 1.54 | 0.92 |
| Balance sheet | |||||||
| Total assets | 1,762 | 1,609 | 1,358 | 1,238 | 1,244 | 1,204 | 1,274 |
| Net worth | 1,559 | 1,345 | 1,137 | 972 | 969 | 967 | 944 |
| Total debt | 195 | 256 | 215 | 260 | 236 | 198 | 167 |
| Cash & bank | 10.01 | 7.61 | 21.35 | 54.13 | 48.84 | 54.70 | 48.73 |
| Net working capital | 951 | 744 | 544 | 540 | 421 | 283 | 291 |
| Cash flow | |||||||
| Cash from operations | 39.62 | 75.41 | 225 | 7.04 | (20.00) | 145 | 90.01 |
| Cash from investing | 49.42 | (102) | (156) | (4.83) | (5.27) | (166) | (94.11) |
| Cash from financing | (86.64) | 18.21 | (77.14) | (9.51) | 17.90 | 25.37 | 32.44 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 193 | 430 | 311 | 314 | 339 | 381 | 368 | 350 |
| Revenue growth (YoY) | -43.1% | +13.1% | -15.4% | -10.2% | +5.9% | - | - | - |
| Other income | 2.04 | 2.77 | 2.17 | 2.99 | 2.15 | 1.50 | 2.66 | 2.24 |
| EBITDA | 23.31 | 46.37 | 45.68 | 76.60 | 72.58 | 78.88 | 72.34 | 72.52 |
| EBITDA margin | +12.1% | +10.8% | +14.7% | +24.4% | +21.4% | +20.7% | +19.7% | +20.7% |
| Depreciation | 17.71 | 17.61 | 17.92 | 17.90 | 17.77 | 17.33 | 17.67 | 17.51 |
| Interest | 4.00 | 7.69 | 5.67 | 7.04 | 5.32 | 6.88 | 6.63 | 5.13 |
| Profit before tax | 3.64 | 23.84 | 24.26 | 54.65 | 51.64 | 56.17 | 50.70 | 52.12 |
| Tax | 0.90 | 1.02 | 1.78 | 1.38 | 1.76 | 1.92 | 3.75 | 2.83 |
| Net profit | 2.74 | 22.82 | 22.48 | 53.27 | 49.88 | 54.25 | 46.95 | 49.29 |
| EPS (₹) | 0.10 | 0.86 | 0.84 | 2.00 | 1.87 | 2.03 | 1.76 | 1.85 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 541 | 556 | 655 | 667 | 491 | 366 | 434 |
| Revenue growth | -2.6% | -15.2% | -1.7% | +35.9% | +33.9% | -15.6% | - |
| EBITDA | 91.59 | 109 | 91.87 | 70.25 | 73.78 | 52.28 | 88.01 |
| EBITDA margin | +16.9% | +19.6% | +14.0% | +10.5% | +15.0% | +14.3% | +20.3% |
| Profit before tax | 20.03 | 42.66 | 42.47 | 16.86 | 21.54 | 11.80 | 26.87 |
| Net profit | 14.47 | 31.74 | 32.28 | 13.04 | 13.90 | 6.22 | 23.75 |
| Net profit margin | +2.7% | +5.7% | +4.9% | +2.0% | +2.8% | +1.7% | +5.5% |
| EPS (₹) | 0.53 | 1.19 | 1.19 | 0.48 | 0.57 | 0.24 | 0.93 |
| Balance sheet | |||||||
| Total assets | 1,165 | 1,211 | 1,125 | 1,130 | 1,040 | 986 | 831 |
| Net worth | 965 | 953 | 923 | 894 | 677 | 665 | 660 |
| Total debt | 192 | 251 | 195 | 229 | 358 | 316 | 167 |
| Cash & bank | 1.46 | 1.23 | 8.59 | 41.18 | 15.93 | 16.78 | 15.20 |
| Net working capital | 291 | 292 | 213 | 338 | 257 | 164 | 154 |
| Cash flow | |||||||
| Cash from operations | 95.98 | 10.19 | 195 | 55.45 | 18.38 | 14.66 | 59.89 |
| Cash from investing | (8.55) | (43.39) | (146) | (18.01) | (33.75) | (158) | (91.18) |
| Cash from financing | (87.21) | 30.80 | (56.81) | (34.69) | 13.42 | 144 | 32.92 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 129 | 133 | 130 | 149 | 151 | 129 | 147 |
| Revenue growth (YoY) | -0.6% | -15.1% | +3.3% | -11.1% | +15.8% | - | - | - |
| Other income | 1.03 | 1.74 | 1.23 | 2.04 | 1.20 | 1.52 | 2.66 | 2.23 |
| Total expenses | 129 | 107 | 110 | 108 | 124 | 126 | 97.75 | 120 |
| EBITDA | 19.03 | 21.44 | 22.63 | 22.79 | 24.72 | 25.58 | 31.09 | 26.71 |
| EBITDA margin | +12.8% | +16.7% | +17.0% | +17.5% | +16.6% | +16.9% | +24.1% | +18.2% |
| Depreciation | 12.68 | 12.65 | 13.20 | 13.19 | 13.22 | 12.85 | 13.08 | 13.05 |
| Interest | 3.95 | 7.61 | 5.62 | 7.02 | 5.26 | 6.88 | 6.28 | 4.74 |
| Profit before tax | 3.43 | 2.92 | 5.04 | 4.62 | 7.44 | 7.37 | 14.39 | 11.15 |
| Tax | 0.90 | 1.02 | 1.78 | 1.38 | 1.76 | 1.92 | 3.75 | 2.83 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 193 | 430 | 311 | 314 | 339 | 381 | 368 | 350 |
| Revenue growth (YoY) | -43.1% | +13.1% | -15.4% | -10.2% | +5.9% | - | - | - |
| Other income | 2.04 | 2.77 | 2.17 | 2.99 | 2.15 | 1.50 | 2.66 | 2.24 |
| EBITDA | 23.31 | 46.37 | 45.68 | 76.60 | 72.58 | 78.88 | 72.34 | 72.52 |
| EBITDA margin | +12.1% | +10.8% | +14.7% | +24.4% | +21.4% | +20.7% | +19.7% | +20.7% |
| Depreciation | 17.71 | 17.61 | 17.92 | 17.90 | 17.77 | 17.33 | 17.67 | 17.51 |
| Interest | 4.00 | 7.69 | 5.67 | 7.04 | 5.32 | 6.88 | 6.63 | 5.13 |
| Profit before tax | 3.64 | 23.84 | 24.26 | 54.65 | 51.64 | 56.17 | 50.70 | 52.12 |
| Tax | 0.90 | 1.02 | 1.78 | 1.38 | 1.76 | 1.92 | 3.75 | 2.83 |
| Net profit | 2.74 | 22.82 | 22.48 | 53.27 | 49.88 | 54.25 | 46.95 | 49.29 |
| EPS (₹) | 0.10 | 0.86 | 0.84 | 2.00 | 1.87 | 2.03 | 1.76 | 1.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,394 | 1,418 | 1,087 | 974 | 1,103 | 756 | 533 |
| Revenue growth | -1.7% | +30.5% | +11.6% | -11.8% | +46.0% | +41.8% | - |
| Other income | 10.08 | 8.41 | 18.43 | 16.00 | 23.73 | 7.57 | 28.22 |
| Total expenses | 1,153 | 1,123 | 844 | 864 | 994 | 680 | 436 |
| Employee cost | 37.88 | 33.61 | 29.69 | 22.98 | 16.62 | 12.87 | 16.90 |
| EBITDA | 241 | 295 | 243 | 110 | 110 | 75.54 | 97.46 |
| EBITDA margin | +17.3% | +20.8% | +22.3% | +11.3% | +10.0% | +10.0% | +18.3% |
| Depreciation | 71.21 | 69.68 | 66.23 | 69.14 | 105 | 64.40 | 77.92 |
| Interest | 25.72 | 23.96 | 22.92 | 28.46 | 17.86 | 3.82 | 21.27 |
| Profit before tax | 154 | 210 | 172 | 28.38 | 10.35 | 14.89 | 26.49 |
| Tax | 5.94 | 10.92 | 10.83 | 4.00 | 10.20 | (9.51) | 2.13 |
| Net profit | 149 | 199 | 162 | 24.61 | 0.03 | 80.54 | 23.04 |
| Net profit margin | +10.7% | +14.0% | +14.9% | +2.5% | 0.0% | +10.7% | +4.3% |
| EPS (₹) | 5.57 | 7.46 | 6.05 | 0.91 | 0.00 | 1.54 | 0.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.66 | 26.66 | 26.66 | 26.66 | 26.25 | 26.25 | 26.25 |
| Reserves & surplus | 1,532 | 1,319 | 1,110 | 946 | 942 | 941 | 917 |
| Shareholders' funds (net worth) | 1,559 | 1,345 | 1,137 | 972 | 969 | 967 | 944 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 34.49 | 34.36 | 160 |
| Secured loans | 192 | 250 | 205 | 257 | 234 | 197 | 166 |
| Unsecured loans | 2.88 | 5.87 | 9.29 | 2.70 | 1.12 | 0.99 | 0.58 |
| Total debt | 195 | 256 | 215 | 260 | 236 | 198 | 167 |
| Total liabilities | 1,762 | 1,609 | 1,358 | 1,238 | 1,244 | 1,204 | 1,274 |
| Assets | |||||||
| Gross block | 2,201 | 2,195 | 2,147 | 1,958 | 2,019 | 1,548 | 1,135 |
| Net block | 740 | 797 | 815 | 691 | 820 | 915 | 617 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 75.75 | 71.32 | 10.95 | 12.76 | 11.97 | 9.77 | 13.36 |
| Inventories | 206 | 191 | 126 | 214 | 187 | 102 | 53.79 |
| Sundry debtors | 742 | 583 | 555 | 338 | 275 | 163 | 218 |
| Cash & bank balances | 10.01 | 7.61 | 21.35 | 54.13 | 48.84 | 54.70 | 48.73 |
| Loans & advances | 63.02 | 70.90 | 12.63 | 15.81 | 30.21 | 16.82 | 16.09 |
| Total current assets | 1,021 | 853 | 715 | 623 | 542 | 337 | 337 |
| Total current liabilities | 69.97 | 109 | 171 | 82.40 | 121 | 54.51 | 45.59 |
| Net working capital | 951 | 744 | 544 | 540 | 421 | 283 | 291 |
| Total assets | 1,762 | 1,609 | 1,358 | 1,238 | 1,244 | 1,204 | 1,274 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.60 | 16.38 | 24.30 | 31.60 | 38.98 | 34.57 | 6.24 |
| Net cash from operating activities | 39.62 | 75.41 | 225 | 7.04 | (20.00) | 145 | 90.01 |
| Net cash from investing activities | 49.42 | (102) | (156) | (4.83) | (5.27) | (166) | (94.11) |
| Net cash from financing activities | (86.64) | 18.21 | (77.14) | (9.51) | 17.90 | 25.37 | 32.44 |
| Net change in cash | 2.40 | (8.79) | (7.92) | (7.30) | (7.38) | 4.41 | 28.34 |
| Closing cash | 10.01 | 7.61 | 21.35 | 54.13 | 48.84 | 54.70 | 48.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -1.7% | +30.5% | +11.6% | -11.8% | +46.0% | +41.8% | - |
| EBITDA growth | -18.2% | +21.5% | +120.8% | +0.2% | +45.3% | -22.5% | - |
| PBT growth | -26.4% | +21.9% | +506.5% | +174.2% | -30.5% | -43.8% | -41.2% |
| Net income growth | -25.1% | +22.7% | +558.6% | - | -100.0% | +249.6% | - |
| Revenue CAGR (3Y) | +12.7% | +8.7% | +12.9% | +22.2% | +12.5% | -15.4% | -35.7% |
| EBITDA CAGR (3Y) | +29.9% | +39.0% | +47.6% | +4.1% | -1.7% | -10.8% | -15.2% |
| Profitability & leverage | |||||||
| Net income margin | +10.7% | +14.0% | +14.8% | +2.5% | +0.0% | +3.2% | +4.6% |
| Return on capital employed | +10.7% | +15.8% | +15.0% | +4.7% | +2.2% | +6.1% | +4.5% |
| Return on net worth | +10.2% | +16.0% | +15.3% | +2.5% | +0.0% | +6.8% | +2.6% |
| Debt / equity | 0.16 | 0.19 | 0.22 | 0.26 | 0.22 | 0.19 | 0.15 |
| Long-term debt / equity | 0.07 | 0.05 | 0.02 | 0.03 | 0.03 | 0.02 | 0.00 |
| Interest cover | 15.13 | 10.63 | 12.98 | 69.69 | 398.66 | 34.29 | 108.85 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.63 | 0.65 | 0.53 | 0.49 | 0.62 | 0.56 | 0.47 |
| Inventory turnover | 7.03 | 8.95 | 6.39 | 4.85 | 7.62 | 9.67 | 8.16 |
| Debtors turnover | 2.10 | 2.49 | 2.43 | 3.17 | 5.03 | 3.96 | 2.81 |
| EPS (₹) | 5.57 | 7.46 | 6.05 | 0.91 | 0.00 | 1.54 | 0.92 |
| Dividend per share (₹) | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Book value per share (₹) | 58.47 | 50.46 | 42.65 | 36.47 | 36.90 | 36.85 | 35.94 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 129 | 133 | 130 | 149 | 151 | 129 | 147 |
| Revenue growth (YoY) | -0.6% | -15.1% | +3.3% | -11.1% | +15.8% | - | - | - |
| Other income | 1.03 | 1.74 | 1.23 | 2.04 | 1.20 | 1.52 | 2.66 | 2.23 |
| Total expenses | 129 | 107 | 110 | 108 | 124 | 126 | 97.75 | 120 |
| EBITDA | 19.03 | 21.44 | 22.63 | 22.79 | 24.72 | 25.58 | 31.09 | 26.71 |
| EBITDA margin | +12.8% | +16.7% | +17.0% | +17.5% | +16.6% | +16.9% | +24.1% | +18.2% |
| Depreciation | 12.68 | 12.65 | 13.20 | 13.19 | 13.22 | 12.85 | 13.08 | 13.05 |
| Interest | 3.95 | 7.61 | 5.62 | 7.02 | 5.26 | 6.88 | 6.28 | 4.74 |
| Profit before tax | 3.43 | 2.92 | 5.04 | 4.62 | 7.44 | 7.37 | 14.39 | 11.15 |
| Tax | 0.90 | 1.02 | 1.78 | 1.38 | 1.76 | 1.92 | 3.75 | 2.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 541 | 556 | 655 | 667 | 491 | 366 | 434 |
| Revenue growth | -2.6% | -15.2% | -1.7% | +35.9% | +33.9% | -15.6% | - |
| Other income | 6.20 | 8.40 | 16.80 | 16.00 | 16.82 | 7.27 | 17.20 |
| Total expenses | 450 | 447 | 563 | 596 | 417 | 314 | 346 |
| Employee cost | 26.52 | 22.85 | 19.51 | 17.09 | 14.66 | 11.33 | 15.07 |
| EBITDA | 91.59 | 109 | 91.87 | 70.25 | 73.78 | 52.28 | 88.01 |
| EBITDA margin | +16.9% | +19.6% | +14.0% | +10.5% | +15.0% | +14.3% | +20.3% |
| Depreciation | 52.26 | 51.71 | 45.95 | 43.48 | 43.86 | 43.34 | 57.47 |
| Interest | 25.50 | 22.78 | 20.25 | 25.91 | 25.20 | 4.41 | 20.87 |
| Profit before tax | 20.03 | 42.66 | 42.47 | 16.86 | 21.54 | 11.80 | 26.87 |
| Tax | 5.94 | 10.92 | 10.83 | 4.02 | 6.24 | 5.29 | 2.15 |
| Net profit | 14.47 | 31.74 | 32.28 | 13.04 | 13.90 | 6.22 | 23.75 |
| Net profit margin | +2.7% | +5.7% | +4.9% | +2.0% | +2.8% | +1.7% | +5.5% |
| EPS (₹) | 0.53 | 1.19 | 1.19 | 0.48 | 0.57 | 0.24 | 0.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.66 | 26.66 | 26.66 | 26.66 | 26.69 | 26.69 | 26.69 |
| Reserves & surplus | 938 | 926 | 897 | 868 | 650 | 638 | 633 |
| Shareholders' funds (net worth) | 965 | 953 | 923 | 894 | 677 | 665 | 660 |
| Secured loans | 192 | 250 | 193 | 227 | 234 | 197 | 166 |
| Unsecured loans | 0.22 | 1.07 | 1.85 | 2.57 | 123 | 119 | 0.58 |
| Total debt | 192 | 251 | 195 | 229 | 358 | 316 | 167 |
| Total liabilities | 1,165 | 1,211 | 1,125 | 1,130 | 1,040 | 986 | 831 |
| Assets | |||||||
| Gross block | 1,282 | 1,279 | 1,233 | 1,059 | 779 | 790 | 791 |
| Net block | 436 | 477 | 479 | 350 | 307 | 342 | 385 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 444 | 446 | 445 | 448 | 488 | 460 | 300 |
| Inventories | 187 | 155 | 88.94 | 166 | 149 | 82.16 | 48.22 |
| Sundry debtors | 73.06 | 107 | 141 | 153 | 156 | 84.47 | 119 |
| Cash & bank balances | 1.46 | 1.23 | 8.59 | 41.18 | 15.93 | 16.78 | 15.20 |
| Loans & advances | 63.02 | 70.90 | 12.63 | 15.81 | 26.74 | 13.12 | 13.16 |
| Total current assets | 325 | 334 | 251 | 376 | 347 | 197 | 195 |
| Total current liabilities | 34.01 | 42.27 | 38.15 | 37.18 | 90.58 | 32.94 | 41.54 |
| Net working capital | 291 | 292 | 213 | 338 | 257 | 164 | 154 |
| Total assets | 1,165 | 1,211 | 1,125 | 1,130 | 1,040 | 986 | 831 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.22 | 3.62 | 11.35 | 8.59 | 2.73 | 2.57 | 0.94 |
| Net cash from operating activities | 95.98 | 10.19 | 195 | 55.45 | 18.38 | 14.66 | 59.89 |
| Net cash from investing activities | (8.55) | (43.39) | (146) | (18.01) | (33.75) | (158) | (91.18) |
| Net cash from financing activities | (87.21) | 30.80 | (56.81) | (34.69) | 13.42 | 144 | 32.92 |
| Net change in cash | 0.22 | (2.40) | (7.73) | 2.75 | (1.96) | 0.16 | 1.63 |
| Closing cash | 1.46 | 1.23 | 8.59 | 41.18 | 15.93 | 16.78 | 15.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -2.6% | -15.2% | -1.7% | +35.9% | +33.9% | -15.6% | - |
| EBITDA growth | -15.8% | +18.4% | +30.8% | -4.8% | +41.1% | -40.6% | - |
| PBT growth | -53.1% | +0.5% | +151.9% | -21.7% | +82.5% | -56.1% | -42.3% |
| Net income growth | -54.4% | -1.7% | +147.6% | -6.2% | +123.5% | -73.8% | - |
| Revenue CAGR (3Y) | -6.7% | +4.3% | +21.4% | +15.4% | -8.0% | -30.3% | -38.1% |
| EBITDA CAGR (3Y) | +9.2% | +13.8% | +20.7% | -7.2% | -11.5% | -17.5% | -13.2% |
| Profitability & leverage | |||||||
| Net income margin | +2.6% | +5.7% | +4.8% | +1.9% | +3.1% | +1.8% | +5.7% |
| Return on capital employed | +3.8% | +5.6% | +5.6% | +3.9% | +4.6% | +1.8% | +6.0% |
| Return on net worth | +1.5% | +3.4% | +3.5% | +1.6% | +2.3% | +1.0% | +3.8% |
| Debt / equity | 0.23 | 0.24 | 0.23 | 0.37 | 0.50 | 0.36 | 0.21 |
| Long-term debt / equity | 0.11 | 0.06 | 0.02 | 0.11 | 0.23 | 0.11 | 0.00 |
| Interest cover | 64.84 | 39.94 | 44.10 | 96.79 | 84.22 | 49.33 | 68.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.42 | 0.44 | 0.57 | 0.73 | 0.63 | 0.46 | 0.55 |
| Inventory turnover | 3.16 | 4.56 | 5.14 | 4.24 | 4.25 | 5.62 | 7.53 |
| Debtors turnover | 6.01 | 4.48 | 4.46 | 4.32 | 4.08 | 3.60 | 4.95 |
| EPS (₹) | 0.53 | 1.19 | 1.19 | 0.48 | 0.57 | 0.24 | 0.93 |
| Dividend per share (₹) | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Book value per share (₹) | 36.19 | 35.73 | 34.64 | 33.55 | 25.36 | 24.92 | 24.72 |
To see the full year-wise statements and ratios of Responsive Industries Limited, buy the company report.
Board of directors of Responsive Industries Limited
Responsive Industries has 7 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjiv Swarup Also directs: Bharat Wire Ropes Limited, Josts Engineering Company Limited, Prime Fresh Limited and 5 more | Director | 04 Oct 2022 | 4 Years 0 Months | Current |
| Sadanand Raghavendra Morab | Whole-Time Director | 14 Nov 2022 | 3 Years 11 Months | Current |
| Mehul Laljibhai Vala | Whole-Time Director | 14 Feb 2019 | 7 Years 8 Months | Current |
| Bajrang Lal Bajaj | Director | 24 Jul 2026 | 0 Years 3 Months | Current |
| Jeny Vinod Kumar Gowadia Also directs: Balashri Commercial Limited, Indianivesh Capitals Limited, Arco Leasing Limited and 3 more | Director | 04 Feb 2026 | 0 Years 8 Months | Current |
| Ajay Pratapray Shanghavi Also directs: Select Global Solutions LLP, Foray Advisors LLP, Ashika Global Securities Limited and 5 more | Director | 11 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Responsive Industries Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nilkamal Limited | ₹3,324.43 Cr (FY 2025) | 4.0% | Dadra and Nagar Haveli, India | |||
| Polyhose India Private Limited | ₹1,808.35 Cr (FY 2025) | 54.0% | Chennai, Tamil Nadu, India | |||
| Kingfa Science & Technology (India) Limited | ₹1,754.07 Cr (FY 2025) | 18.0% | Chennai, Tamil Nadu, India | |||
| Vishakha Renewables Private Limited | ₹1,403.3 Cr (FY 2025) | 74.0% | Ahmedabad, Gujarat, India | |||
| Responsive Industries Limitedthis company | ₹1,394.12 Cr (FY 2026) | ₹148.96 Cr | 10.7% | -1.7% | 345 | Betegaon, Maharashtra, India |
| Alpla India Private Limited | ₹1,350.75 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Sabic Innovative Plastics India Private Limited | ₹1,299.61 Cr (FY 2025) | -1.0% | P O Jawaharnagar, Gujarat, India | |||
| R C Plasto Tanks & Pipes Private Limited | ₹1,194.8 Cr (FY 2025) | 9.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Responsive Industries Limited, buy the company report.
Auditor
Responsive Industries Limited is audited by Shah & Taparia for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah & Taparia | FY 2025 | 109463W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 59.10%, foreign institutional investors hold 7.50%, domestic institutional investors hold 3.20% and retail and other public shareholders hold 30.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 59.10% | 59.10% | 59.10% | 59.10% |
| Public | 40.90% | 40.90% | 40.90% | 40.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2026 | 101299746 | Others | ₹67 Lakh | Open | |
| 11 Sep 2023 | 100789489 | Sbicap Trustee Company Limited | ₹364.8 Cr | Open | |
| 27 May 2022 | 100608007 | Others | ₹1.24 Cr | Satisfied | |
| 27 May 2022 | 100608267 | Others | ₹1.24 Cr | Satisfied | |
| 27 May 2022 | 100583187 | Others | ₹77 Lakh | Satisfied |
To see the full charge records of Responsive Industries Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Responsive Industries Limited has 15 deals on record (10 market trades, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹152.76 Cr; the latest was in December 2025.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Market trade | ₹43.68 Cr | Seller: Brenzett Limited |
| Apr 2018 | Market trade | ₹100 Cr | Buyer: Fairpoint Tradecom LLP Seller: Wellknown Business Ventures Private Limited |
| Feb 2012 | Funding round | ₹58.47 Cr | Investors: Wellknown Business Ventures LLP |
| Mar 2009 | Secondary share transfer | Undisclosed | Seller: Responsive Polymers International Limited |
| Dec 2006 | Funding round | ₹5 Cr | Investors: Wellknown Business Ventures LLP , Fossebridge Limited, Xatis International Limited |
To see the full deal history of Responsive Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Responsive Industries Limited has 81 court cases on record: 37 filed by Responsive Industries, 44 filed against it. 23 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 48 | 21 | 12 |
| District courts | 25 | 18 | 10 |
| Supreme Court | 7 | 5 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 97 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Rare Art Gallery Pvt Ltd and 2 others | Pending |
| Bombay High Court | Court case (APP) | Filed by the company against Rare Art Gallery Pvt Ltd and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Rajput Plastics and Polymers Pvt. Ltd. | Pending |
| Bombay High Court | Court case (LPETN) | Filed against the company by Reuters India Pvt. Ltd. | Pending |
To see the full case history of Responsive Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Responsive Industries Limited has 3 MSME Form 1 returns on record between 2019 and 2024, listing 9 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Desai Varun Rasayan Private Limited | |||
| S G C O & Co LLP | |||
| Cas & Co. | |||
| Kreston SG Advisors LLP |
To see the full MSME payment records of Responsive Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Responsive Industries Limited has a workforce of 345 employees on its EPFO records as of Dec 26, 2025, across 2 active EPFO establishments.
GST
Responsive Industries has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS5068A1ZL | Maharashtra | Active | 01 Jul 2017 |
| 27AABCS5068A2ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Responsive Industries Limited, buy the company report.
Recent activity
Responsive Industries Limited has 34 board changes on record since 2009: 7 appointments and 27 cessations. The latest: Bajrang Lal Bajaj was appointed as Director on 24 Jul 2026.
61 earlier events are in the company report.
News
Frequently asked questions
Responsive Industries is an active public limited company based in Betegaon, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 13 July 1982 (44+ years old) and is registered under CIN L65100MH1982PLC027797. Listed on BSE: 505509 and NSE: RESPONIND.
Responsive Industries reported revenue of ₹1,394.12 Cr for FY 2025-26 (down 1.7% YoY) based on consolidated financials.
Responsive Industries has 7 current directors:
- Sadanand Raghavendra Morab - Whole-Time Director
- Mehul Laljibhai Vala - Whole-Time Director
- Sanjiv Swarup - Director
- Bajrang Lal Bajaj - Director
- Jeny Vinod Kumar Gowadia - Director
- Ajay Pratapray Shanghavi - Director
- Aayush Agarwal - Additional Director
The latest financial statements of Responsive Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Responsive Industries is 27AABCS5068A1ZL, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCS5068A2ZK (Maharashtra).
The CIN (Corporate Identification Number) of Responsive Industries is L65100MH1982PLC027797. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Responsive Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 505509) and NSE (symbol: RESPONIND).
Responsive Industries has 81 court cases on record: 37 filed by the company and 44 filed against it. 23 are pending. Most are in the high courts.
Responsive Industries was incorporated on 13 July 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Responsive Industries has 15 deals on record (10 market trades, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹152.76 Cr; the latest was in December 2025.
The peers of Responsive Industries by revenue are Nilkamal Limited, Polyhose India Private Limited, Kingfa Science & Technology (India) Limited, Vishakha Renewables Private Limited, Alpla India Private Limited and 2 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Bajrang Lal Bajaj was appointed as Director on 24 Jul 2026. Aayush Agarwal was appointed as Additional Director on 26 May 2026. Jeny Vinod Kumar Gowadia was appointed as Director on 04 Feb 2026. Responsive Industries has 34 board changes on record in total.

