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 ₹ 1,100 Cr.
- Current Price ₹ 114
- High / Low ₹ 146 / 83.8
- Stock P/E 15.2
- Book Value ₹ 112
- Dividend Yield 0.00 %
- ROCE 9.02 %
- ROE 9.06 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.02 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
* 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
Consolidated Figures in Rs. Crores / View Standalone
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: | 12% |
1 Year: | 30% |
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% |
Documents
Announcements
- Compliance Certificate As Per Regulation 40(10) Of SEBI LODR 19 Apr
- Compliance Certificate As Per Regulation 7 (3) Of SEBI LODR For The Period Ended March 31, 2024 17 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
- Renaissance Global Limited Receives 50Th GJEPC Award For Being Country'S Largest Exporter Of Silver Jewellery. 2 Apr
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 1 Apr
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 2015
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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 2011
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Financial Year 2010
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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]