Renaissance Global Ltd
Renaissance Global Ltd (RGL) was incorporated in 1989 as Mayur Gems & Jewellery Exports Pvt Ltd. It is engaged in designing and manufacturing of jewellery in gold, silver, platinum, studded with polished diamonds, semi-precious and precious stones. It has manufacturing offices in Mumbai and Gujarat with subsidiaries in the US, UK, Middle East and Mainland China. [1]
- Market Cap ₹ 1,028 Cr.
- Current Price ₹ 107
- High / Low ₹ 146 / 87.8
- Stock P/E 49.6
- Book Value ₹ 62.1
- Dividend Yield 0.00 %
- ROCE 6.52 %
- ROE 3.63 %
- Face Value ₹ 2.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.71% over past five years.
- Company has a low return on equity of 4.90% over last 3 years.
- Dividend payout has been low at 13.8% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
719 | 982 | 1,060 | 1,143 | 1,100 | 1,033 | 1,278 | 1,261 | 1,103 | 1,517 | 1,355 | 1,391 | |
684 | 935 | 1,019 | 1,092 | 1,058 | 998 | 1,220 | 1,201 | 1,052 | 1,456 | 1,293 | 1,327 | |
Operating Profit | 35 | 47 | 41 | 51 | 43 | 34 | 59 | 60 | 51 | 62 | 62 | 64 |
OPM % | 5% | 5% | 4% | 4% | 4% | 3% | 5% | 5% | 5% | 4% | 5% | 5% |
1 | 1 | 16 | 2 | 16 | 24 | -1 | 5 | -1 | 24 | 2 | 5 | |
Interest | 10 | 8 | 9 | 6 | 12 | 14 | 13 | 14 | 14 | 16 | 24 | 29 |
Depreciation | 7 | 7 | 11 | 8 | 8 | 9 | 9 | 11 | 11 | 12 | 12 | 12 |
Profit before tax | 20 | 33 | 37 | 39 | 38 | 36 | 35 | 40 | 26 | 58 | 27 | 27 |
Tax % | 32% | 17% | 7% | 14% | 22% | 22% | 25% | 20% | 25% | 33% | 27% | 24% |
13 | 27 | 34 | 33 | 30 | 28 | 27 | 32 | 19 | 39 | 20 | 21 | |
EPS in Rs | 1.40 | 2.84 | 3.61 | 3.51 | 3.12 | 2.97 | 2.81 | 3.37 | 2.03 | 4.12 | 2.13 | 2.15 |
Dividend Payout % | 14% | 7% | 6% | 11% | 0% | 0% | 0% | 0% | 44% | 41% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 2% |
3 Years: | 8% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | -3% |
5 Years: | -6% |
3 Years: | 0% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 14% |
3 Years: | -2% |
1 Year: | 22% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 286 | 325 | 338 | 378 | 416 | 412 | 445 | 444 | 490 | 518 | 526 | 578 |
185 | 269 | 178 | 155 | 199 | 191 | 214 | 207 | 228 | 302 | 265 | 336 | |
135 | 188 | 210 | 257 | 162 | 187 | 199 | 186 | 168 | 235 | 216 | 243 | |
Total Liabilities | 624 | 801 | 745 | 810 | 795 | 809 | 876 | 856 | 904 | 1,073 | 1,025 | 1,176 |
42 | 44 | 35 | 31 | 33 | 34 | 39 | 39 | 43 | 42 | 42 | 47 | |
CWIP | 1 | 0 | 0 | 5 | 0 | 3 | 0 | 0 | 0 | 0 | 2 | 1 |
Investments | 105 | 105 | 125 | 131 | 152 | 98 | 80 | 75 | 55 | 80 | 89 | 108 |
476 | 652 | 585 | 643 | 610 | 674 | 757 | 743 | 806 | 951 | 892 | 1,020 | |
Total Assets | 624 | 801 | 745 | 810 | 795 | 809 | 876 | 856 | 904 | 1,073 | 1,025 | 1,176 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | -58 | 127 | 79 | -4 | -26 | -39 | 109 | 9 | -71 | 84 | -68 | |
-11 | -9 | -21 | -16 | -21 | 12 | 6 | -16 | -26 | 2 | -2 | -11 | |
-14 | 65 | -94 | -38 | 30 | -11 | 16 | -30 | -4 | 52 | -70 | 46 | |
Net Cash Flow | -2 | -3 | 11 | 24 | 5 | -24 | -17 | 62 | -21 | -17 | 11 | -33 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 117 | 130 | 111 | 106 | 108 | 112 | 103 | 104 | 115 | 106 | 112 | 105 |
Inventory Days | 136 | 121 | 88 | 85 | 73 | 121 | 116 | 92 | 122 | 114 | 125 | 171 |
Days Payable | 81 | 85 | 82 | 97 | 62 | 77 | 67 | 55 | 65 | 66 | 70 | 74 |
Cash Conversion Cycle | 172 | 166 | 117 | 94 | 120 | 156 | 152 | 141 | 172 | 154 | 167 | 202 |
Working Capital Days | 161 | 163 | 115 | 101 | 127 | 154 | 150 | 130 | 186 | 159 | 161 | 198 |
ROCE % | 6% | 7% | 8% | 8% | 9% | 9% | 8% | 9% | 6% | 9% | 6% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 11 Jun
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 11 Jun
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 11 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Licensed Brands
Co. has licensed brands from Disney Inc. and Hallmark Inc.:
1. Disney Jewelry: 3 products: Enchanted Disney Fine Jewelry, Disney Jewels & Star Wars Fine Jewelry catering to Disney romance
2. Hallmark Diamond Moments: Hallmark branded jewelry
3. Hallmark Tokens: Specialized “token” jewelry symbolizing deep emotions [1]