Company Overview
Responsive Industries Limited (CIN L65100MH1982PLC027797), incorporated in 1982, is a leading manufacturer of PVC-based products including vinyl flooring, synthetic leather, and waterproof membranes. The company operates with manufacturing facilities in Boisar, Maharashtra and maintains a global presence across 70+ countries through three material overseas subsidiaries: Responsive Industries Limited (Hong Kong), Axiom Cordages Limited (Hong Kong), and Responsive Industries LLC (USA).
Financial Performance FY 2025-26
The company reported significant financial challenges in FY 2025-26. Standalone revenue from operations stood at ₹5,411.51 million (₹54,115.12 lakhs), with export sales contributing 30.45% of total turnover. Profit after tax declined sharply to ₹140.77 million (₹1,407.66 lakhs) from ₹317.22 million in the previous year, representing a 56% decrease. Earnings per share dropped to ₹0.53 from ₹1.19 in FY 2024-25.
Consolidated performance showed revenue of ₹13,941.18 million (₹139,411.82 lakhs) with net profit of ₹1,484.27 million (₹14,842.70 lakhs). Key ratios deteriorated significantly with return on equity falling to 1.47% (standalone) and 14.89% (consolidated), while net profit margin declined to 2.60% (standalone) and 10.65% (consolidated).
Significant Events
A fire incident occurred at the Boisar manufacturing site on October 31, 2025, causing damage to property, plant and equipment and inventory. The company estimated initial losses of ₹233.00 lakhs and has lodged an insurance claim which is currently under process. The incident contributed to the challenging operational environment during the fiscal year.
Corporate Actions and AGM
The Board recommended a final dividend of ₹0.10 per equity share for both FY 2025-26 and FY 2024-25, with record date fixed as August 14, 2026. The company will hold its 44th Annual General Meeting on August 24, 2026 through video conference to approve financial statements, declare dividend, and consider several resolutions including appointment of new directors (Mr. Aayush Agarwal as Chairperson and Mr. Bajrang Lal Bajaj as Independent Director), amendments to Memorandum and Articles of Association, and ratification of cost auditor remuneration.
Management Changes
The company witnessed several key managerial changes during the year: Mr. Bhavneet Singh Chadha (CFO) resigned on January 12, 2026, replaced by Mr. Ruvi Bhansali on April 13, 2026. Ms. Mohini Sharma (Company Secretary) resigned on March 31, 2026, succeeded by Mr. Jayesh Jain on May 4, 2026. The Board also saw changes with the demise of Ms. Mita Jha and resignation of Dr. Anita Shantaram as Independent Directors.