Responsive Industries Adjusts Valuation Grade Amid Competitive Plastic Products Landscape

Responsive Industries, a midcap player in the plastic products sector, has recently undergone a valuation adjustment, reflecting a shift in its financial standing. The company's current price stands at 203.35, slightly above its previous close of 198.40. Over the past year, the stock has experienced a decline of 30.54%, contrasting with a 7.07% increase in the Sensex.
Key financial metrics for Responsive Industries include a PE ratio of 28.46 and an EV to EBITDA ratio of 19.77, indicating a robust valuation relative to its earnings. The company also boasts a PEG ratio of 0.71, suggesting a favorable growth outlook compared to its price. However, its dividend yield remains low at 0.05%, which may influence investor sentiment.

In comparison to its peers, Responsive Industries is positioned at a higher valuation level, with competitors like Finolex Industries and Time Technoplast rated more favorably in terms of valuation metrics. While Responsive Industries shows a strong return over a five-year period at 152.45%, it lags behind the Sensex's performance over the same timeframe. This evaluation revision highlights the competitive landscape within the plastic products industry, where valuation metrics play a crucial role in assessing market positioning.