Renaissance Global Ltd - Stock Valuation and Financial Performance

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

Renaissance Global Share Price

111.80 -5.82 -4.95%
as on 15-Apr'24 15:30

DeciZen - make an informed investing decision on Renaissance Global

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Renaissance Global stock performance -

mw4me loader
P/E Ratio (SA):
72.90
Market Cap:
1,078.7 Cr.
52-wk low:
83.8
52-wk high:
146

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 Fair zone.

3. Is Renaissance Global Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Renaissance Global Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.4%5.3%6.9%4.9%3%8%5.4%5.1%5.3%7%-
Value Creation
Index
-0.2-0.6-0.5-0.7-0.8-0.4-0.6-0.6-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9821,0601,1431,1001,0331,2781,2611,1031,5171,3551,351
Sales YoY Gr.-8%7.8%-3.7%-6.2%23.8%-1.4%-12.5%37.6%-10.7%-
Adj EPS 62.53.52.214.62.82.83.24.21.5
YoY Gr.--58.1%38%-36.5%-55.7%369.1%-37.8%-0.7%13.9%31.3%-
BVPS (₹) 36.137.441.647.146.149.649.653.755.857.361.4
Adj Net
Profit
5723.832.920.2942.526.426.230.239.715
Cash Flow from Ops. -5812778.8-3.9-25.9-38.91099.3-70.783.7-
Debt/CF from Ops. -4.61.42-51.8-7.4-5.51.923.3-4.13-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.6%5.6%2.4%-10.7%
Adj EPS -3.8%34.1%14.1%31.3%
BVPS5.3%4.4%4.9%2.6%
Share Price 25.5% 13% 12.7% 30.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.66.88.74.92.19.55.75.45.87.32.6
Op. Profit
Mgn %
9.13.94.53.93.46.34.75.54.16.65.7
Net Profit
Mgn %
5.82.32.91.80.93.32.12.422.91.1
Debt to
Equity
0.80.50.40.50.40.50.50.40.60.5-
Working Cap
Days
205206184198217193197227198234138
Cash Conv.
Cycle
1311279710513312713415512915486

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 14.07%

Return on Equity has declined versus last 3 years average to 2.60%

Sales growth has been subdued in last 3 years 2.43%

Sales growth is not so good in last 4 quarters at -2.07%

Latest Financials - Renaissance Global Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 7.6
TTM Sales (₹ Cr.) 1,351 2,070
BVPS (₹.) 61.4 114.9
Reserves (₹ Cr.) 571 1,086
P/BV 1.83 0.98
PE 72.90 14.78
From the Market
52 Week Low / High (₹) 83.80 / 146.00
All Time Low / High (₹) 3.63 / 218.00
Market Cap (₹ Cr.) 1,079
Equity (₹ Cr.) 19.2
Face Value (₹) 2
Industry PE 82.6

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9821,0601,1431,1001,0331,2781,2611,1031,5171,355
Operating Expenses 9351,0201,0921,0589991,2211,2011,0521,4561,294
Manufacturing Costs798189889610311592132128
Material Costs7488809469138381,0331,0199021,2491,053
Employee Cost 47393334413639304849
Other Costs 61202422235029272763
Operating Profit 47415143345760516261
Operating Profit Margin (%) 4.8%3.9%4.4%3.9%3.3%4.5%4.7%4.6%4.1%4.5%
Other Income 11721630192243
Interest 89612141314141624
Depreciation 711889911111212
Exceptional Items 0000-5-1-4-300
Profit Before Tax 33373938363540265827
Tax 63698986197
Profit After Tax 27343330282732193920
PAT Margin (%) 2.8%3.2%2.9%2.7%2.7%2.1%2.5%1.7%2.6%1.5%
Adjusted EPS (₹)2.83.63.53.23.02.83.42.14.12.1
Dividend Payout Ratio (%)7%6%11%0%0%0%0%44%41%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 344357397434431464463502527540
Share Capital 19191918191919191919
Reserves 325338378416412445444483508522
Minority Interest0000000000
Debt269178155199191213206205280243
Long Term Debt0022110214544
Short Term Debt269178152197190211206184235199
Trade Payables174199251154177189153159227202
Others Liabilities 1410551-5-17273732
Total Liabilities 8017448088397948658298941,0701,018

Fixed Assets

Gross Block919497106114130129142150153
Accumulated Depreciation4759667380909099108111
Net Fixed Assets44353133343939434242
CWIP 0050300002
Investments 105125131152988075558089
Inventories248213220183279328258301391362
Trade Receivables350321331327316360358346441416
Cash Equivalents 13234954331976623558
Others Assets41264090313824888149
Total Assets 8017448088397948658298941,0701,018

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -5812779-4-26-391099-7184
PBT 33373938363540265827
Adjustment 16211316302326241534
Changes in Working Capital -1017836-50-82-8750-35-13327
Tax Paid -6-9-9-8-10-10-7-6-10-5
Cash Flow From Investing Activity -9-21-16-21126-16-262-2
Capex -8-3-9-6-10-12-8-3-9-6
Net Investments 0-15-11-162020-11-19-713
Others -1-3322-23-418-9
Cash Flow From Financing Activity 65-94-3830-1116-30-452-70
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -8-9-6-8-8-10-10-9-10-18
Dividend Paid -2-2-70000-8-10-6
Others 75-83-2538-226-201472-46
Net Cash Flow -311245-24-1762-21-1711
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.359.838.887.166.475.936.863.987.563.76
ROCE (%)7.438.098.358.557.877.517.995.629.586.33
Asset Turnover Ratio1.381.371.471.341.261.541.491.281.551.3
PAT to CFO Conversion(x)-2.153.742.39-0.13-0.93-1.443.410.47-1.824.2
Working Capital Days
Receivable Days1081161041091149610411695115
Inventory Days857969678287859283101
Payable Days73778781726561635674

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 15-Apr-2024 15:30 is ₹111.8.
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 15-Apr-2024 15:30 the market cap of Renaissance Global stood at ₹1,078.7.
The latest P/E ratio of Renaissance Global as of 15-Apr-2024 15:30 is 72.90.
The latest P/B ratio of Renaissance Global as of 15-Apr-2024 15:30 is 1.83.
The 52-week high of Renaissance Global is ₹146.0 and the 52-week low is ₹83.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Renaissance Global is ₹1,351 ( 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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