Renaissance Global Ltd

Renaissance Global Ltd

₹ 115 -0.82%
23 Apr - 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 1,105 Cr.
  • Current Price 115
  • High / Low 146 / 83.8
  • Stock P/E 15.3
  • Book Value 112
  • Dividend Yield 0.00 %
  • ROCE 9.02 %
  • ROE 9.06 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.03 times its book value

Cons

  • The company has delivered a poor sales growth of 4.31% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.99% over last 3 years.
  • Dividend payout has been low at 11.6% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -4.19%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
740 583 410 477 774 529 573 440 724 499 473 442 655
693 550 378 424 706 499 533 404 675 463 440 411 604
Operating Profit 47 33 31 53 67 30 40 36 49 36 34 30 52
OPM % 6% 6% 8% 11% 9% 6% 7% 8% 7% 7% 7% 7% 8%
2 1 10 1 1 7 2 1 1 2 3 1 2
Interest 7 6 6 7 8 8 8 10 11 12 11 12 14
Depreciation 8 9 8 9 10 8 8 9 8 8 7 8 7
Profit before tax 34 19 28 37 51 21 26 19 31 18 18 12 32
Tax % 25% 20% 15% 24% 35% -2% 6% 18% 11% -7% 20% 14% 14%
25 16 24 28 33 21 24 16 28 20 14 10 28
EPS in Rs 2.68 1.61 2.48 2.96 3.53 2.24 2.57 1.64 2.86 2.15 1.51 1.10 2.91
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
952 952 1,222 1,276 1,320 1,473 1,811 2,591 2,502 2,031 2,190 2,237 2,070
885 908 1,161 1,219 1,241 1,410 1,745 2,469 2,352 1,936 2,014 2,063 1,918
Operating Profit 66 44 61 57 79 63 66 122 150 95 176 173 152
OPM % 7% 5% 5% 4% 6% 4% 4% 5% 6% 5% 8% 8% 7%
1 3 1 17 4 18 34 2 16 16 30 4 9
Interest 13 13 12 12 11 13 14 25 30 25 35 51 49
Depreciation 10 11 12 17 15 14 11 18 31 31 35 32 30
Profit before tax 45 23 38 46 57 54 74 81 106 55 136 94 81
Tax % 25% 36% 23% 13% 17% 21% 14% 4% 17% 23% 22% 7%
34 15 29 40 47 43 64 77 88 42 106 87 72
EPS in Rs 3.51 1.55 3.09 4.21 4.97 4.41 6.68 8.13 9.32 4.50 11.21 9.22 7.67
Dividend Payout % 9% 13% 6% 5% 8% 0% 0% 0% 0% 20% 15% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 4%
3 Years: -4%
TTM: -9%
Compounded Profit Growth
10 Years: 19%
5 Years: 7%
3 Years: 0%
TTM: -18%
Stock Price CAGR
10 Years: 26%
5 Years: 14%
3 Years: 15%
1 Year: 28%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 9%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 19 19 19 19 19 18 19 19 19 19 19 19 19
Reserves 290 306 355 380 442 494 530 646 681 824 905 1,007 1,058
273 242 342 272 252 344 348 567 524 528 706 611 665
71 170 223 258 314 247 328 422 349 275 372 285 302
Total Liabilities 653 736 939 929 1,027 1,103 1,225 1,654 1,573 1,646 2,002 1,921 2,044
86 89 91 78 71 72 49 82 98 80 218 258 255
CWIP 4 1 0 0 7 0 3 0 0 0 9 2 2
Investments 2 0 0 24 36 87 65 23 71 11 74 99 120
562 647 848 827 913 944 1,108 1,548 1,404 1,555 1,700 1,563 1,667
Total Assets 653 736 939 929 1,027 1,103 1,225 1,654 1,573 1,646 2,002 1,921 2,044

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 67 -49 97 73 5 -34 -303 202 117 86 230
-9 -16 -12 -28 -25 -58 22 -2 -71 61 -115 -67
-24 -43 77 -76 -40 71 -7 277 -76 -78 30 -217
Net Cash Flow -21 8 17 -6 8 19 -19 -29 56 100 0 -54

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 39 63 73 68 73 53 71 53 59 68 74 73
Inventory Days 203 204 201 180 194 176 143 174 147 188 212 196
Days Payable 24 80 84 87 107 74 74 50 26 32 56 51
Cash Conversion Cycle 218 188 190 160 160 155 140 176 180 224 230 217
Working Capital Days 168 160 163 140 140 147 139 159 148 201 183 177
ROCE % 10% 6% 8% 8% 10% 9% 10% 10% 11% 6% 11% 9%

Shareholding Pattern

Numbers in percentages

26 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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