Renaissance Global Ltd - Stock Valuation and Financial Performance

BSE: 532923 | NSE: RGL | Diamond & Jewellery | Small Cap

Renaissance Global Share Price

186.05 -3.75 -1.98%
as on 09-Dec'24 16:59

DeciZen - make an informed investing decision on Renaissance Global

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Renaissance Global stock performance -

mw4me loader
P/E Ratio (SA):
55.52
Market Cap:
1,827.4 Cr.
52-wk low:
87.7
52-wk high:
195.5

Is Renaissance Global Ltd an attractive stock to invest in?

1. Is Renaissance Global Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Renaissance Global Ltd is a below average quality company.

2. Is Renaissance Global Ltd undervalued or overvalued?

The key valuation ratios of Renaissance Global Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Renaissance Global Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Renaissance Global Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Renaissance Global:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Renaissance Global Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.1%8.4%8.6%7.9%7.5%8%5.6%9.6%6.3%7.2%-
Value Creation
Index
-0.4-0.4-0.4-0.4-0.5-0.4-0.6-0.3-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0601,1431,1001,0331,2781,2611,1031,5171,3551,3911,398
Sales YoY Gr.-7.8%-3.7%-6.2%23.8%-1.4%-12.5%37.6%-10.7%2.7%-
Adj EPS 2.53.52.214.62.82.83.24.22.53.4
YoY Gr.-38%-36.5%-55.7%369.1%-37.8%-0.7%13.9%31.3%-41.2%-
BVPS (₹) 37.441.647.146.149.649.653.755.857.361.365.3
Adj Net
Profit
23.832.920.2942.526.426.230.239.723.733
Cash Flow from Ops. 12778.8-3.9-25.9-38.91099.3-70.777.4-67.8-
Debt/CF from Ops. 1.42-51.8-7.4-5.51.923.3-4.13.3-4.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.1%1.7%8.1%2.7%
Adj EPS -0.1%-11.5%-4.2%-41.2%
BVPS5.6%4.3%4.5%7.1%
Share Price 31.4% 27.2% 0.2% 89.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
6.88.74.92.19.55.75.45.87.34.25.4
Op. Profit
Mgn %
3.94.53.93.46.34.75.54.16.65.46
Net Profit
Mgn %
2.32.91.80.93.32.12.422.91.72.4
Debt to
Equity
0.50.40.50.40.50.50.40.60.50.60
Working Cap
Days
206184198217193197227198234236148
Cash Conv.
Cycle
1279710513312713415512915416366

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.56

Return on Equity has declined versus last 3 years average to 5.40%

Sales growth has been subdued in last 3 years 8.05%

Net Profit has been subdued in last 3 years -4.21%

Sales growth is not so good in last 4 quarters at 3.30%

Latest Financials - Renaissance Global Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 7.7
TTM Sales (₹ Cr.) 1,398 2,048
BVPS (₹.) 65.3 124.3
Reserves (₹ Cr.) 609 1,178
P/BV 2.91 1.53
PE 55.52 24.57
From the Market
52 Week Low / High (₹) 87.70 / 195.50
All Time Low / High (₹) 3.63 / 218.00
Market Cap (₹ Cr.) 1,827
Equity (₹ Cr.) 19.3
Face Value (₹) 2
Industry PE 90.2

Management X-Ray of Renaissance Global:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Renaissance Global

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,0601,1431,1001,0331,2781,2611,1031,5171,3551,391
Operating Expenses 1,0201,0921,0589991,2211,2011,0521,4561,2941,322
Manufacturing Costs8189889610311592132128126
Material Costs8809469138381,0331,0199021,2491,0531,097
Employee Cost 39333441363930484953
Other Costs 20242223502927276346
Operating Profit 41514334576051626169
Operating Profit Margin (%) 3.9%4.4%3.9%3.3%4.5%4.7%4.6%4.1%4.5%5.0%
Other Income 17216301922435
Interest 961214131414162435
Depreciation 1188991111121212
Exceptional Items 000-5-1-4-3000
Profit Before Tax 37393836354026582727
Tax 36989861977
Profit After Tax 34333028273219392021
PAT Margin (%) 3.2%2.9%2.7%2.7%2.1%2.5%1.7%2.6%1.5%1.5%
Adjusted EPS (₹)3.63.53.23.02.83.42.14.12.12.2
Dividend Payout Ratio (%)6%11%0%0%0%0%44%41%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 357397434431464463502527540590
Share Capital 19191819191919191919
Reserves 338378416412445444483508522570
Minority Interest0000000000
Debt178155199191213206205280243315
Long Term Debt02211021454429
Short Term Debt178152197190211206184235199286
Trade Payables199251154177189153159227202224
Others Liabilities 10551-5-1727373141
Total Liabilities 7448088397948658298941,0701,0171,170

Fixed Assets

Gross Block9497106114130129142150148164
Accumulated Depreciation59667380909099108107117
Net Fixed Assets35313334393943424247
CWIP 0503000021
Investments 125131152988075558089108
Inventories213220183279328258301391362513
Trade Receivables321331327316360358346441416402
Cash Equivalents 23495433197662355836
Others Assets26409031382488814863
Total Assets 7448088397948658298941,0701,0171,170

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 12779-4-26-391099-7177-68
PBT 37393836354026582727
Adjustment 21131630232624153440
Changes in Working Capital 7836-50-82-8750-35-13320-128
Tax Paid -9-9-8-10-10-7-6-10-5-8
Cash Flow From Investing Activity -21-16-21126-16-262-1-11
Capex -3-9-6-10-12-8-3-9-6-9
Net Investments -15-11-162020-11-19-71310
Others -3322-23-418-8-13
Cash Flow From Financing Activity -94-3830-1116-30-452-6546
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -9-6-8-8-10-10-9-10-18-28
Dividend Paid -2-70000-8-10-60
Others -83-2538-226-201472-4174
Net Cash Flow 11245-24-1762-21-1711-33
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.838.887.166.475.936.863.987.563.763.67
ROCE (%)8.098.358.557.877.517.995.629.586.337.19
Asset Turnover Ratio1.371.471.341.261.541.491.281.551.31.27
PAT to CFO Conversion(x)3.742.39-0.13-0.93-1.443.410.47-1.823.85-3.24
Working Capital Days
Receivable Days1161041091149610411695115107
Inventory Days7969678287859283101115
Payable Days77878172656163567471

Renaissance Global Ltd Stock News

Renaissance Global Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Renaissance Global on 09-Dec-2024 16:59 is ₹186.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2024 16:59 the market cap of Renaissance Global stood at ₹1,827.4.
The latest P/E ratio of Renaissance Global as of 09-Dec-2024 16:59 is 55.52.
The latest P/B ratio of Renaissance Global as of 09-Dec-2024 16:59 is 2.91.
The 52-week high of Renaissance Global is ₹195.5 and the 52-week low is ₹87.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Renaissance Global is ₹1,398 ( Cr.) .

About Renaissance Global Ltd

Renaissance Jewellery was originally incorporated on December 04 ,1989 as Mayur Gem and Jewellery Export Private Limited. Chandrakant Dhanak and Darshana Dhanakwere were the original promoters of the Company. In the year 1995 Niranjan A. Shah and family acquired the entire shareholding of Mayur Gem and Jewellery Export Private Limited. The name of the company got changed from April 16, 1997 from Mayur Gem & Jewellery Export Private Limited to RinaissanceGem & Jewellery Export Private Limited. 

Renaissance takes pride in their modern design studio complete with a state-of-the-art CAD/CAM facility. Their dedicated team of 40 designers is, well versed on the latest international trends and contributes at least 500 innovative designs monthly to their ever-expanding portfolio of over 25,000 styles. The majority of their current models are produced using CAD/CAM to ensure precision.

Their world-class production units consist of 2000 plus highly skilled workers with access to the latest in tools and machinery including a laser-soldering machine, Nutech J10 casting machine and OTEC Stream Liner machine, just to mention a few. Production is geared for over 100,000 pieces a month. Their production unit is capable of meeting their clients’ most stringent requirements. High quality and efficient production are the bywords of the shop floor.
    
Renaissance values developing a long-term partnership above marking a short-term sale. Their focus has always been on the timely delivery of quality goods. Every piece is assayed on our CMI machine for correct karatage and checked by an independent quality control team before shipping. Their customer-oriented marketing team ensures a quick turnaround of information and a consistent follow up customer requirements.

Business area of the company:

Core Business of Renaissance jewellery is  to manufacture & export of platinum & gold , silver jewellery with diamond & precious Stones, & supplying to major worldwide retailers like Wal-mart, NBC, JC Penny & Zales.
   
Achievements/ recognition:
  • Certificate of excellence by Gems & Jewellery Export Promotion Council for the year 2007-2008
  • Wal mart award for the supplier of the year 2004
  • Certificate of Export performance
  • Business Excellence Model Certificate
Awards
2011 - Renaissance Jewellery Ltd received GJEPC Award for Studded Jewellery Exports


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