Renaissance Global Ltd

Renaissance Global is engaged in the manufacture of diamond studded Jewellery, trading of cut and polished diamonds and Retail trade of furniture.(Source : 201903 Annual Report Page No: 114)

  • Market Cap: 409.47 Cr.
  • Current Price: 214.80
  • 52 weeks High / Low 408.60 / 184.05
  • Book Value: 364.76
  • Stock P/E: 4.29
  • Dividend Yield: 0.00 %
  • ROCE: 10.47 %
  • ROE: 13.97 %
  • Sales Growth (3Yrs): 24.91 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.59 times its book value
Company has good consistent profit growth of 23.26% over 5 years
Promoter holding has increased by 3.01% over last quarter.
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Company has a low return on equity of 11.66% for last 3 years.
Contingent liabilities of Rs.179.89 Cr.
Company might be capitalizing the interest cost
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Diamond, Gems and Jewellery // Industry: Diamond Cutting / Jewellery

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
399 377 383 616 449 460 597 831 704 598 563 893
388 360 358 573 437 440 562 773 695 568 520 826
Operating Profit 11 17 26 43 12 20 34 58 8 30 43 67
OPM % 3% 4% 7% 7% 3% 4% 6% 7% 1% 5% 8% 8%
Other Income 2 1 1 0 2 0 0 0 11 2 0 2
Interest 4 3 4 4 4 3 7 8 7 8 8 8
Depreciation 4 3 3 3 3 3 3 3 9 5 9 8
Profit before tax 5 11 20 37 6 15 24 47 4 18 26 54
Tax % -15% 22% 15% 20% -33% 23% 10% 20% -237% 7% 17% 19%
Net Profit 6 9 17 29 8 12 21 38 13 17 22 44
EPS in Rs 3.42 4.71 9.06 15.88 3.88 6.20 11.50 11.95 6.85 8.85 11.95 23.45
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
597 750 653 862 952 952 1,222 1,276 1,320 1,473 1,811 2,572 2,758
552 706 619 818 885 908 1,161 1,219 1,241 1,410 1,745 2,450 2,609
Operating Profit 45 44 35 44 66 44 61 57 79 63 66 122 149
OPM % 8% 6% 5% 5% 7% 5% 5% 4% 6% 4% 4% 5% 5%
Other Income 3 1 9 8 1 3 1 17 4 18 34 11 16
Interest 9 15 9 12 13 13 12 12 11 13 14 25 31
Depreciation 3 5 5 6 10 11 12 17 15 14 11 18 32
Profit before tax 35 26 29 33 45 23 38 46 57 54 74 90 102
Tax % 4% 9% 15% 7% 25% 36% 23% 13% 17% 21% 14% 7%
Net Profit 34 23 25 31 34 15 29 40 47 42 63 84 95
EPS in Rs 18.06 12.00 12.67 15.72 17.33 7.57 15.28 20.84 24.46 22.81 33.73 44.80 51.10
Dividend Payout % 8% 12% 15% 12% 9% 13% 6% 5% 8% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.11%
5 Years:16.04%
3 Years:24.91%
TTM:18.07%
Compounded Profit Growth
10 Years:13.60%
5 Years:23.26%
3 Years:21.59%
TTM:20.44%
Stock Price CAGR
10 Years:9.98%
5 Years:25.87%
3 Years:2.17%
1 Year:-25.04%
Return on Equity
10 Years:10.48%
5 Years:11.35%
3 Years:11.66%
Last Year:13.97%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
18 19 19 19 19 19 19 19 19 18 19 19 19
Reserves 174 192 221 243 290 306 355 380 442 494 526 641 670
Borrowings 156 174 140 283 273 242 342 272 252 344 348 655 643
66 132 85 178 71 170 223 258 314 247 333 339 511
Total Liabilities 414 517 465 723 653 736 939 929 1,027 1,103 1,225 1,654 1,843
27 34 33 66 86 89 91 78 71 72 49 82 104
CWIP 1 3 5 6 4 1 0 0 7 0 3 0 1
Investments 12 0 0 10 2 0 0 24 36 87 65 23 33
375 480 427 641 562 647 848 827 913 944 1,108 1,548 1,705
Total Assets 414 517 465 723 653 736 939 929 1,027 1,103 1,225 1,654 1,843

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-100 31 37 -21 11 67 -49 97 73 5 -34 -296
-23 2 -6 -36 -9 -16 -12 -28 -25 -58 22 -9
132 -1 -44 92 -24 -43 77 -76 -40 71 -7 277
Net Cash Flow 9 32 -13 35 -21 8 17 -6 8 19 -19 -29

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 16% 11% 10% 8% 10% 6% 8% 8% 10% 9% 10% 10%
Debtor Days 108 47 51 91 39 63 73 68 73 53 71 53
Inventory Turnover 4.15 3.02 2.15 2.90 2.76 2.44 2.77 2.62 2.59 2.71 3.15 3.20