Responsive Industries Limited (RESPONIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-31.5%

₹97.63

vs ₹142.50 price

Levered DCF

₹2.53

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

9.32

Safe zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	22.8×	26.12×	49.21×	133.86×	67,351.85×	108.51×	88.21×	84.31×
P/B	2.17×	3.86×	6.98×	3.32×	5.01×	4.53×	2.26×	2.62×
P/S	2.43×	3.66×	7.3×	3.32×	4.42×	5.8×	4.02×	3.14×
EV / EBITDA	14.2×	18.42×	31.58×	29.85×	37.89×	54.72×	18.33×	18.23×
Gross margin	21.4%	32.3%	30.1%	29.5%	18.4%	14.5%	28.0%	20.9%
Operating margin	12.2%	30.0%	16.5%	27.0%	1.2%	10.0%	4.0%	4.6%
Net margin	10.6%	14.0%	14.8%	2.5%	0.0%	5.3%	4.6%	3.7%
Current ratio	6.16×	3.48×	1.96×	1.96×	1.69×	1.56×	1.65×	2.1×
Debt / equity	0.13×	0.19×	0.19×	0.27×	0.24×	0.21×	0.18×	0.12×
Interest coverage	6.63×	17.74×	8.34×	14.1×	0.75×	19.79×	1.01×	2.76×
Dividend yield	0.1%	0.1%	0.0%	0.1%	0.1%	0.0%	0.2%	0.1%
Payout ratio	1.8%	1.3%	1.6%	10.8%	3759.2%	4.6%	20.3%	11.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.5%	14.8%	14.2%	2.5%	0.0%	4.2%	2.6%	3.1%
Return on invested capital	9.2%	24.7%	12.2%	17.2%	0.0%	6.2%	1.5%	1.9%
Return on assets	8.0%	11.4%	10.4%	1.7%	0.0%	3.2%	1.8%	2.3%
Free cash flow yield	0.0%	0.4%	0.4%	0.4%	-0.7%	-6.2%	4.0%	12.3%
Earnings yield	4.4%	3.8%	2.0%	0.8%	0.0%	0.9%	1.1%	1.2%
Enterprise value	₹35.7B	₹54.3B	₹81.3B	₹34.7B	₹50.6B	₹45.5B	₹22.6B	₹25.2B
Net debt / EBITDA	0.74×	0.81×	0.77×	2.03×	1.53×	1.94×	1.07×	0.75×
Cash conversion cycle (days)	244	186	173	206	124	119	172	123