Responsive Industries Limited (RESPONIND)

Consumer Durables · Consumer Durables · NSE · Updated 20 July 2026

₹192.77 ↓ 19.57% (1Y)

🎯 Key Takeaways

Responsive Industries Limited is in a phase of operational stabilization following a period of margin compression, with sequential improvements in profitability and margins over the past year driven by cost discipline and volume recovery. The company has shown consistent operating performance since Q4FY23, with margins expanding and profitability holding steady despite modest revenue growth, suggesting a turnaround in execution rather than cyclical growth.
Revenue grew 5.2% QoQ to ₹368 in Q3FY25.
⚠️ Promoter encumbrance of 31.93% of pledged holdings raises concerns about governance risks and potential forced asset sales if loan terms tighten.

Market Cap

₹4,350

P/E Ratio

22.9

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Responsive Industries Limited is in a phase of operational stabilization following a period of margin compression, with sequential improvements in profitability and margins over the past year driven by cost discipline and volume recovery. The company has shown consistent operating performance since Q4FY23, with margins expanding and profitability holding steady despite modest revenue growth, suggesting a turnaround in execution rather than cyclical growth.

📰 What's Happening

Recent board-level actions include the appointment of Aayush Agarwal as Non-Executive Chairperson effective May 26, 2026, pending shareholder approval, signaling leadership continuity. The company re-appointed internal and cost auditors for FY 2026-27, reflecting governance compliance. Additionally, promoter group Fairpoint Tradecom LLP encumbered 77.7 million shares (2.91% of capital) in June 2026 to secure loans for personal and corporate obligations, pledging 31.93% of promoter holdings, which may indicate financial strain or leverage activity outside operational needs.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	237	263	268	267	288	320	350	368
Operating Profit	44	51	67	68	76	73	75	75
OPM %	17.7%	18.4%	22.8%	24.9%	23.1%	22.3%	20.8%	19.7%
Net Profit	23	30	41	45	46	48	49	47
EPS	₹0.87	₹1.14	₹1.53	₹1.68	₹1.72	₹1.81	₹1.85	₹1.75

The company has delivered steady margin expansion from 17.7% in Q4FY23 to 23.1% in Q4FY24, with operating profit margins improving consistently over eight quarters, reflecting better cost control and pricing power. Revenue growth has been gradual, rising from ₹237 crore in Q4FY23 to ₹368 crore in Q3FY25, with operating profit holding firm at ₹75 crore in the latest quarter, indicating operating leverage and resilience in core operations despite macro pressures.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the latest filings, with disclosures focused on governance updates and routine regulatory compliance. The absence of strategic commentary or outlook suggests a cautious stance, possibly due to ongoing promoter encumbrances or pending shareholder matters. No new business initiatives, capacity expansions, or demand trends were highlighted in recent announcements.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Consumer Durables

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Titan Company Limited	3.70 L Cr	77.6	34.3%	41.0%	0.88
Asian Paints Limited	2.50 L Cr	65.0	26.0%	19.8%	0.04
LG Electronics India Limited	1.07 L Cr	—	—	—	—
Havells India Limited	75,873	54.2	—	—	—
Dixon Technologies (India) Limited	66,754	75.9	—	—	—
Berger Paints (I) Limited	62,200	54.5	—	—	—
Voltas Limited	40,722	56.8	—	—	—
Kalyan Jewellers India Limited	36,461	54.6	—	—	—
Blue Star Limited	34,091	61.2	—	—	—
Amber Enterprises India Limited	29,854	164.3	8.4%	4.1%	0.62

🔗 Peer Stock Analyses

TITAN ASIANPAINT LGEINDIA HAVELLS DIXON

⚠️ Risk Factors

1. Promoter encumbrance of 31.93% of pledged holdings raises concerns about governance risks and potential forced asset sales if loan terms tighten. 2. Persistent flatness in revenue growth despite margin expansion suggests demand stagnation or pricing pressure in core segments. 3. Absence of forward-looking guidance or strategic updates may signal operational uncertainty or delayed decision-making. 4. High promoter leverage tied to personal entities introduces reputational and regulatory risks.

📋 Recent Filings

🧠 Analyst's Read

Responsive Industries shows signs of operational stabilization with improving margins and consistent profitability, but lacks clear growth catalysts or strategic clarity. Investor focus should monitor promoter financial health, demand trends in consumer durables, and any future disclosure of capital allocation plans or market outlook.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-20.

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