Renaissance Global Ltd

Renaissance Global Ltd

₹ 107 1.79%
14 Jun - close price
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
283.31 302.72 395.26 483.36 335.94 276.91 334.33 437.81 305.76 295.31 321.80 428.29 345.58
273.01 293.93 370.19 453.92 329.62 267.63 315.47 414.98 299.79 284.05 300.65 409.79 332.35
Operating Profit 10.30 8.79 25.07 29.44 6.32 9.28 18.86 22.83 5.97 11.26 21.15 18.50 13.23
OPM % 3.64% 2.90% 6.34% 6.09% 1.88% 3.35% 5.64% 5.21% 1.95% 3.81% 6.57% 4.32% 3.83%
0.19 10.75 0.44 0.42 0.31 0.46 0.51 0.39 1.19 0.59 0.74 1.06 2.70
Interest 2.48 2.34 2.73 3.24 3.38 3.65 4.65 5.52 5.94 6.10 6.55 8.32 8.45
Depreciation 3.66 2.53 3.03 2.96 3.09 2.80 2.99 3.08 3.42 2.75 2.90 3.34 3.44
Profit before tax 4.35 14.67 19.75 23.66 0.16 3.29 11.73 14.62 -2.20 3.00 12.44 7.90 4.04
Tax % -20.46% 15.95% 39.80% 43.32% -687.50% 30.09% 26.00% 20.93% -13.18% 28.00% 23.95% 28.23% 15.10%
5.24 12.33 11.90 13.41 1.26 2.30 8.69 11.56 -2.49 2.15 9.46 5.67 3.43
EPS in Rs 0.56 1.31 1.26 1.42 0.13 0.24 0.92 1.22 -0.26 0.23 0.98 0.59 0.36
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

18 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.78% 70.78% 70.78% 70.78% 70.64% 70.69% 70.69% 70.82% 70.82% 69.56% 69.56% 69.56%
0.75% 1.36% 1.67% 1.55% 1.63% 1.48% 1.42% 1.73% 1.75% 1.70% 1.66% 0.92%
0.00% 0.00% 0.36% 0.37% 0.13% 0.14% 0.26% 0.19% 0.13% 0.12% 0.12% 0.00%
0.03% 0.03% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27.40% 26.79% 26.12% 27.27% 27.56% 27.68% 27.62% 27.23% 27.29% 28.63% 28.66% 29.52%
1.04% 1.04% 1.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 7,3287,6897,7577,5677,8709,76710,52410,70011,01015,64316,89718,005

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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