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. The company's current price stands at 202.40, reflecting a notable increase from the previous close of 193.30. Over the past year, the stock has experienced a decline of 31.70%, contrasting with a slight gain of 0.07% in the Sensex.
Key financial metrics for Responsive Industries include a PE ratio of 28.33 and an EV to EBITDA ratio of 19.68, indicating a robust valuation relative to its earnings. The company's return on capital employed (ROCE) is reported at 14.64%, while the return on equity (ROE) stands at 15.25%. These figures suggest a solid operational performance, although the stock's PEG ratio of 0.71 indicates potential growth relative to its price.

In comparison to its peers, Responsive Industries exhibits a higher valuation profile, particularly when contrasted with companies like Finolex Industries and Time Technoplast, which maintain lower PE ratios and EV to EBITDA metrics. This positioning highlights the competitive landscape within the plastic products industry, where valuation dynamics can significantly influence market perception.