Renaissance Global Ltd

₹ 97.0 -0.10%
07 Dec - 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 921 Cr.
  • Current Price 97.0
  • High / Low 218 / 82.0
  • Stock P/E 9.81
  • Book Value 98.6
  • Dividend Yield 1.75 %
  • ROCE 11.0 %
  • ROE 12.0 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.98 times its book value

Cons

  • The company has delivered a poor sales growth of 8.25% over past five years.
  • Company has a low return on equity of 10.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 11.6% 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
563 893 448 186 523 740 583 410 477 774 529 574 440
520 826 432 201 491 693 550 378 424 706 499 533 404
Operating Profit 43 67 16 -16 32 47 33 31 53 67 30 40 36
OPM % 8% 8% 4% -8% 6% 6% 6% 8% 11% 9% 6% 7% 8%
0 2 5 4 9 2 1 10 1 1 7 2 1
Interest 8 8 6 6 6 7 6 6 7 8 8 8 10
Depreciation 9 8 9 7 7 8 9 8 9 10 8 8 9
Profit before tax 26 54 7 -25 27 34 19 28 37 51 21 26 19
Tax % 17% 19% 24% 28% 29% 25% 20% 15% 24% 35% -2% 6% 18%
Net Profit 22 44 5 -18 19 25 16 24 28 33 21 24 16
EPS in Rs 2.37 4.64 0.56 -1.86 2.07 2.68 1.61 2.48 2.96 3.53 2.23 2.55 1.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
862 952 952 1,222 1,276 1,320 1,473 1,811 2,591 2,502 2,031 2,190 2,317
824 885 908 1,161 1,219 1,241 1,410 1,745 2,469 2,352 1,936 2,020 2,143
Operating Profit 38 66 44 61 57 79 63 66 122 150 95 170 174
OPM % 4% 7% 5% 5% 4% 6% 4% 4% 5% 6% 5% 8% 8%
13 1 3 1 17 4 18 34 2 16 16 30 11
Interest 12 13 13 12 12 11 13 14 25 30 25 29 35
Depreciation 6 10 11 12 17 15 14 11 18 31 31 35 35
Profit before tax 33 45 23 38 46 57 54 74 81 106 55 136 116
Tax % 7% 25% 36% 23% 13% 17% 21% 14% 4% 17% 23% 22%
Net Profit 31 34 15 29 40 47 43 64 77 88 42 106 94
EPS in Rs 3.21 3.51 1.55 3.09 4.21 4.97 4.41 6.68 8.13 9.32 4.50 11.15 9.94
Dividend Payout % 12% 9% 13% 6% 5% 8% 0% 0% 0% 0% 20% 15%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: -5%
TTM: 5%
Compounded Profit Growth
10 Years: 12%
5 Years: 20%
3 Years: 11%
TTM: 2%
Stock Price CAGR
10 Years: 21%
5 Years: 14%
3 Years: 20%
1 Year: -47%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
19 19 19 19 19 19 18 19 19 19 19 19 19
Reserves 243 290 306 355 380 442 494 526 641 681 825 905 917
283 273 242 342 272 252 344 348 567 524 528 706 724
178 71 170 223 258 314 247 333 427 348 274 372 463
Total Liabilities 723 653 736 939 929 1,027 1,103 1,225 1,654 1,573 1,646 2,002 2,122
66 86 89 91 78 71 72 49 82 98 80 218 258
CWIP 6 4 1 0 0 7 0 3 0 0 0 9 0
Investments 10 2 0 0 24 36 87 65 23 71 11 74 111
641 562 647 848 827 913 944 1,108 1,548 1,404 1,555 1,700 1,753
Total Assets 723 653 736 939 929 1,027 1,103 1,225 1,654 1,573 1,646 2,002 2,122

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-21 11 67 -49 97 73 5 -34 -303 202 117 86
-36 -9 -16 -12 -28 -25 -58 22 -2 -71 61 -115
92 -24 -43 77 -76 -40 71 -7 277 -76 -78 29
Net Cash Flow 35 -21 8 17 -6 8 19 -19 -29 56 100 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 91 39 63 73 68 73 53 71 53 59 68 74
Inventory Days 164 203 204 201 180 194 176 143 174 147 188 212
Days Payable 86 24 80 84 87 107 74 74 50 26 32 56
Cash Conversion Cycle 169 218 188 190 160 160 155 140 176 180 224 230
Working Capital Days 159 168 160 163 140 140 147 139 159 148 201 183
ROCE % 8% 10% 6% 8% 8% 10% 9% 10% 10% 11% 6% 11%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
72.28 73.74 73.74 73.74 73.74 70.78 70.78 70.78 70.78 70.78 70.64 70.69
0.00 0.00 0.00 0.05 0.05 0.58 0.75 1.36 1.67 1.55 1.63 1.48
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.36 0.37 0.13 0.14
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.00
26.64 25.19 25.19 25.14 25.14 27.58 27.40 26.79 26.12 27.27 27.56 27.68
1.04 1.04 1.04 1.04 1.04 1.04 1.04 1.04 1.04 0.00 0.00 0.00

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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