Is Renaissance Global 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 .

Is Renaissance Global 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 .

What is Renaissance Global share price return in the past 10 years?

Renaissance Global Ltd share price has appreciated 30.3% annually (CAGR) over the past ten years.

Is Renaissance Global 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

Renaissance Global Ltd - Stock Valuation and Financial Performance

Name: Renaissance Global
Brand: Renaissance Global

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

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Renaissance Global Share Price

₹171.75 1.55 0.91%
as on 21-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
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 ⓘ	1,060	1,143	1,100	1,033	1,278	1,261	1,103	1,517	1,355	1,391	1,398
Sales YoY Gr.	-	7.8%	-3.7%	-6.2%	23.8%	-1.4%	-12.5%	37.6%	-10.7%	2.7%	-
Adj EPS ⓘ	2.5	3.5	2.2	1	4.6	2.8	2.8	3.2	4.2	2.5	3.4
YoY Gr.	-	38%	-36.5%	-55.7%	369.1%	-37.8%	-0.7%	13.9%	31.3%	-41.2%	-
BVPS (₹) ⓘ	37.4	41.6	47.1	46.1	49.6	49.6	53.7	55.8	57.3	61.3	65.3
Adj Net Profit ⓘ	23.8	32.9	20.2	9	42.5	26.4	26.2	30.2	39.7	23.7	33
Cash Flow from Ops. ⓘ	127	78.8	-3.9	-25.9	-38.9	109	9.3	-70.7	77.4	-67.8	-
Debt/CF from Ops. ⓘ	1.4	2	-51.8	-7.4	-5.5	1.9	23.3	-4.1	3.3	-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%
BVPSⓘ	5.6%	4.3%	4.5%	7.1%
Share Price	30.3%	29.5%	0.3%	70.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6.8	8.7	4.9	2.1	9.5	5.7	5.4	5.8	7.3	4.2	5.4
Op. Profit Mgn % ⓘ	3.9	4.5	3.9	3.4	6.3	4.7	5.5	4.1	6.6	5.4	6
Net Profit Mgn % ⓘ	2.3	2.9	1.8	0.9	3.3	2.1	2.4	2	2.9	1.7	2.4
Debt to Equity ⓘ	0.5	0.4	0.5	0.4	0.5	0.5	0.4	0.6	0.5	0.6	0
Working Cap Days ⓘ	206	184	198	217	193	197	227	198	234	236	148
Cash Conv. Cycle ⓘ	127	97	105	133	127	134	155	129	154	163	66

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	1,177
P/BV ⓘ	2.61	1.37
PE ⓘ	49.76	22.02

From the Market
52 Week Low / High (₹)	87.70 / 195.50
All Time Low / High (₹)	3.63 / 218.00
Market Cap (₹ Cr.)	1,638
Equity (₹ Cr.)	19.3
Face Value (₹)	2
Industry PE ⓘ	83.9

Management X-Ray of Renaissance Global:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Renaissance Global

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Renaissance Global

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,060	1,143	1,100	1,033	1,278	1,261	1,103	1,517	1,355	1,391
Operating Expenses ⓘ	1,020	1,092	1,058	999	1,221	1,201	1,052	1,456	1,294	1,322
Manufacturing Costs	81	89	88	96	103	115	92	132	128	126
Material Costs	880	946	913	838	1,033	1,019	902	1,249	1,053	1,097
Employee Cost	39	33	34	41	36	39	30	48	49	53
Other Costs ⓘ	20	24	22	23	50	29	27	27	63	46
Operating Profit ⓘ	41	51	43	34	57	60	51	62	61	69
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 ⓘ	17	2	16	30	1	9	2	24	3	5
Interest ⓘ	9	6	12	14	13	14	14	16	24	35
Depreciation ⓘ	11	8	8	9	9	11	11	12	12	12
Exceptional Items ⓘ	0	0	0	-5	-1	-4	-3	0	0	0
Profit Before Tax ⓘ	37	39	38	36	35	40	26	58	27	27
Tax ⓘ	3	6	9	8	9	8	6	19	7	7
Profit After Tax	34	33	30	28	27	32	19	39	20	21
PAT Margin (%)	3.2%	2.9%	2.7%	2.7%	2.1%	2.5%	1.7%	2.6%	1.5%	1.5%
Adjusted EPS (₹)	3.6	3.5	3.2	3.0	2.8	3.4	2.1	4.1	2.1	2.2
Dividend Payout Ratio (%)	6%	11%	0%	0%	0%	0%	44%	41%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	357	397	434	431	464	463	502	527	540	590
Share Capital ⓘ	19	19	18	19	19	19	19	19	19	19
Reserves ⓘ	338	378	416	412	445	444	483	508	522	570
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	178	155	199	191	213	206	205	280	243	315
Long Term Debt	0	2	2	1	1	0	21	45	44	29
Short Term Debt	178	152	197	190	211	206	184	235	199	286
Trade Payables	199	251	154	177	189	153	159	227	202	224
Others Liabilities ⓘ	10	5	51	-5	-1	7	27	37	31	41
Total Liabilities ⓘ	744	808	839	794	865	829	894	1,070	1,017	1,170
Fixed Assets
Gross Block	94	97	106	114	130	129	142	150	148	164
Accumulated Depreciation	59	66	73	80	90	90	99	108	107	117
Net Fixed Assetsⓘ	35	31	33	34	39	39	43	42	42	47
CWIP ⓘ	0	5	0	3	0	0	0	0	2	1
Investmentsⓘ	125	131	152	98	80	75	55	80	89	108
Inventories	213	220	183	279	328	258	301	391	362	513
Trade Receivables	321	331	327	316	360	358	346	441	416	402
Cash Equivalents	23	49	54	33	19	76	62	35	58	36
Others Assetsⓘ	26	40	90	31	38	24	88	81	48	63
Total Assets ⓘ	744	808	839	794	865	829	894	1,070	1,017	1,170

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	127	79	-4	-26	-39	109	9	-71	77	-68
PBT ⓘ	37	39	38	36	35	40	26	58	27	27
Adjustment ⓘ	21	13	16	30	23	26	24	15	34	40
Changes in Working Capital ⓘ	78	36	-50	-82	-87	50	-35	-133	20	-128
Tax Paid ⓘ	-9	-9	-8	-10	-10	-7	-6	-10	-5	-8
Cash Flow From Investing Activity ⓘ	-21	-16	-21	12	6	-16	-26	2	-1	-11
Capex	-3	-9	-6	-10	-12	-8	-3	-9	-6	-9
Net Investments	-15	-11	-16	20	20	-11	-19	-7	13	10
Others ⓘ	-3	3	2	2	-2	3	-4	18	-8	-13
Cash Flow From Financing Activityⓘ	-94	-38	30	-11	16	-30	-4	52	-65	46
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-9	-6	-8	-8	-10	-10	-9	-10	-18	-28
Dividend Paid ⓘ	-2	-7	0	0	0	0	-8	-10	-6	0
Others ⓘ	-83	-25	38	-2	26	-20	14	72	-41	74
Net Cash Flow ⓘ	11	24	5	-24	-17	62	-21	-17	11	-33

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.83	8.88	7.16	6.47	5.93	6.86	3.98	7.56	3.76	3.67
ROCE (%)	8.09	8.35	8.55	7.87	7.51	7.99	5.62	9.58	6.33	7.19
Asset Turnover Ratio	1.37	1.47	1.34	1.26	1.54	1.49	1.28	1.55	1.3	1.27
PAT to CFO Conversion(x)	3.74	2.39	-0.13	-0.93	-1.44	3.41	0.47	-1.82	3.85	-3.24
Working Capital Days
Receivable Days	116	104	109	114	96	104	116	95	115	107
Inventory Days	79	69	67	82	87	85	92	83	101	115
Payable Days	77	87	81	72	65	61	63	56	74	71

Renaissance Global Ltd Stock News

Renaissance Global Ltd FAQs

What is the share price of Renaissance Global?

Company share prices are keep on changing according to the market conditions. The closing price of Renaissance Global on 21-Nov-2024 16:59 is ₹171.8.

What is the market cap of Renaissance Global?

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 21-Nov-2024 16:59 the market cap of Renaissance Global stood at ₹1,637.8.

What is the P/E ratio of Renaissance Global?

The latest P/E ratio of Renaissance Global as of 21-Nov-2024 16:59 is 49.76.

What is the P/B ratio of Renaissance Global?

The latest P/B ratio of Renaissance Global as of 21-Nov-2024 16:59 is 2.61.

What is the 52-week high and low of Renaissance Global?

The 52-week high of Renaissance Global is ₹195.5 and the 52-week low is ₹87.70.

What is the TTM revenue of Renaissance Global?

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 clientsâ€™ 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