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Renaissance Global

₹103.2 0.6 | 0.6%

Market Cap ₹992 Cr.

Stock P/E 13.5

P/B 0.9

Current Price ₹103.2

Book Value ₹ 114.9

Face Value 2

52W High ₹146

Dividend Yield 0%

52W Low ₹ 83.8

Renaissance Global Research see more...

Overview Inc. Year: 1989Industry: Diamond & Jewellery

Renaissance Global Ltd, formerly Renaissance Jewellery Ltd, is a holding business enterprise, which is engaged in the enterprise of design, manufacture and sale of various types of jewellery. The Company's geographical segments include both in India and Outside of India. The Company gives gold, silver, platinum jewellery, studded with diamonds and different valuable and semi-precious stones. It offers merchandise, which include jewellery, rings, pendants, bracelets, necklaces and bangles. It offers products in categories, together with Diamond Fashion, Diamond Bridal and Gemstones. The Company's production centres are situated in Santacruz Electronics Export Processing Zone (SEEPZ), Mumbai; Bhavnagar, Gujarat, and Bangladesh, with a area total of about 190,000 square ft. The Company's products are exported to the USA, the United Kingdom, Hong Kong, the United Arab Emirates, Australia and Canada, and sold in India.

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Renaissance Global Share Price

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Renaissance Global Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 477 774 529 573 440 724 499 473 442 655
Other Income 2 4 7 3 1 1 2 3 1 3
Total Income 479 778 536 576 442 725 501 476 443 658
Total Expenditure 426 710 499 534 404 675 463 440 411 604
Operating Profit 54 68 37 42 38 50 38 37 32 54
Interest 7 8 8 8 10 11 12 11 12 14
Depreciation 9 10 8 8 9 8 8 7 8 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 37 51 21 26 19 32 18 18 12 32
Provision for Tax 9 18 -0 2 3 3 -1 4 2 4
Profit After Tax 28 33 21 24 16 28 20 14 10 28
Adjustments -0 0 -0 0 -0 -1 1 -0 0 0
Profit After Adjustments 28 33 21 24 16 27 20 14 11 28
Adjusted Earnings Per Share 3 3.6 2.2 2.6 1.6 2.9 2.2 1.5 1.1 2.9

Renaissance Global Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 952 1222 1276 1320 1473 1825 2591 2502 2031 2190 2237 2069
Other Income 3 1 18 4 18 34 2 17 16 31 6 9
Total Income 955 1224 1295 1324 1491 1859 2593 2519 2047 2220 2243 2078
Total Expenditure 909 1162 1219 1241 1410 1757 2469 2348 1932 2014 2065 1918
Operating Profit 46 62 75 83 81 102 124 170 116 206 178 161
Interest 13 12 12 11 13 14 25 30 25 35 51 49
Depreciation 11 12 17 15 14 12 18 35 31 35 32 30
Exceptional Income / Expenses 0 0 -1 0 0 0 0 0 0 0 0 0
Profit Before Tax 23 38 46 57 54 75 81 106 59 136 95 80
Provision for Tax 8 9 6 10 11 11 4 18 13 30 7 9
Profit After Tax 15 29 40 47 43 64 77 88 46 106 88 72
Adjustments 0 0 0 0 -0 -1 -0 0 -4 -1 -1 1
Profit After Adjustments 15 29 40 47 42 63 77 88 42 106 87 73
Adjusted Earnings Per Share 1.5 3.1 4.2 5 4.6 6.7 8.2 9.4 4.5 11.2 9.2 7.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% -4% 4% 9%
Operating Profit CAGR -14% 2% 12% 14%
PAT CAGR -17% 0% 7% 19%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 17% 9% 12% 26%
ROE Average 9% 9% 11% 10%
ROCE Average 10% 10% 10% 9%

Renaissance Global Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 325 374 399 461 512 549 665 699 843 924 1026
Minority's Interest 0 0 0 0 -1 0 0 0 -0 0 1
Borrowings 0 0 0 2 2 1 1 0 29 45 44
Other Non-Current Liabilities -0 0 -2 -2 -15 -21 56 69 62 111 107
Total Current Liabilities 410 563 529 561 645 672 898 756 685 898 712
Total Liabilities 735 937 926 1023 1143 1202 1620 1525 1619 1979 1889
Fixed Assets 89 91 78 71 72 49 82 98 80 218 258
Other Non-Current Assets 19 20 24 33 13 24 11 21 19 39 27
Total Current Assets 627 826 824 919 1059 1130 1527 1406 1519 1721 1604
Total Assets 735 937 926 1023 1143 1202 1620 1525 1619 1979 1889

Renaissance Global Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 32 40 56 50 58 76 58 29 85 185 185
Cash Flow from Operating Activities 67 -49 97 73 5 -34 -303 202 117 86 230
Cash Flow from Investing Activities -16 -12 -28 -25 -58 22 -2 -71 61 -117 -67
Cash Flow from Financing Activities -43 77 -76 -40 71 -7 277 -76 -78 30 -217
Net Cash Inflow / Outflow 8 17 -6 8 19 -19 -29 56 100 -2 -54
Closing Cash & Cash Equivalent 40 56 50 58 76 58 29 85 185 185 132

Renaissance Global Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.55 3.09 4.21 4.97 4.56 6.75 8.21 9.42 4.55 11.21 9.22
CEPS(Rs) 2.65 4.35 6 6.54 6.14 8.16 10.2 13.16 8.31 14.99 12.7
DPS(Rs) 0.2 0.2 0.2 0.4 0 0 0 0 0.9 1.7 0
Book NAV/Share(Rs) 34.05 39.19 41.82 48.36 55.58 58.78 71.15 74.85 89.5 96.82 108.21
Core EBITDA Margin(%) 4.53 4.96 4.47 5.95 4.3 3.71 4.51 5.67 4.73 7.6 7.34
EBIT Margin(%) 3.75 4.1 4.48 5.13 4.56 4.89 3.93 4.99 4 7.4 6.23
Pre Tax Margin(%) 2.41 3.14 3.57 4.34 3.67 4.09 3 3.89 2.82 5.89 4.05
PAT Margin (%) 1.55 2.41 3.12 3.59 2.89 3.5 2.87 3.24 2.2 4.59 3.75
Cash Profit Margin (%) 2.66 3.39 4.48 4.73 3.84 4.18 3.54 4.53 3.69 6.11 5.12
ROA(%) 2.13 3.53 4.28 4.86 3.93 5.44 5.47 5.58 2.94 5.92 4.54
ROE(%) 4.66 8.44 10.31 11.01 8.73 12.02 12.71 12.87 6.03 12.17 9.07
ROCE(%) 6.2 7.81 8.24 9.79 8.57 10.17 9.93 11.02 6.57 12.13 9.81
Receivable days 51.05 61.16 68.88 69.16 59 56.72 49.27 52.4 68.1 65.11 69.59
Inventory Days 149.8 131.68 139.18 140.91 134.88 115.02 108.95 123.52 144.33 140.56 140.47
Payable days 51.81 74.13 80.91 97.01 82.87 65.14 51.35 39.57 32.42 44.48 54.13
PER(x) 7.74 3.95 3.35 5.04 6.16 9.23 7.44 4.39 12.92 15.32 9.04
Price/Book(x) 0.35 0.31 0.34 0.52 0.51 1.06 0.86 0.55 0.66 1.77 0.77
Dividend Yield(%) 1.67 1.64 1.42 1.6 0 0 0 0 1.53 0.99 0
EV/Net Sales(x) 0.33 0.33 0.28 0.32 0.35 0.47 0.42 0.33 0.42 0.91 0.49
EV/Core EBITDA(x) 6.77 6.4 4.68 5.16 6.42 8.51 8.87 4.79 7.35 9.66 6.2
Net Sales Growth(%) 0.02 28.39 4.44 3.38 11.66 23.87 41.94 -3.43 -18.81 7.81 2.14
EBIT Growth(%) -37.96 40.18 14.12 18.52 -0.76 32.63 18.54 28 -37.75 103.54 -14.9
PAT Growth(%) -55.95 99.53 35.19 18.84 -10.2 50.02 20.96 13.72 -47.29 130.14 -17.51
EPS Growth(%) -55.95 99.61 36.2 18.14 -8.26 47.87 21.74 14.68 -51.71 146.33 -17.7
Debt/Equity(x) 0.74 0.91 0.68 0.55 0.67 0.63 0.85 0.75 0.6 0.61 0.45
Current Ratio(x) 1.53 1.47 1.56 1.64 1.64 1.68 1.7 1.86 2.22 1.92 2.25
Quick Ratio(x) 0.56 0.61 0.63 0.69 0.77 0.8 0.57 0.78 0.99 0.87 1.04
Interest Cover(x) 2.8 4.29 4.93 6.43 5.09 6.15 4.23 4.55 3.37 4.91 2.85
Total Debt/Mcap(x) 2.12 2.94 2.02 1.05 1.28 0.59 0.98 1.34 0.9 0.35 0.59

Renaissance Global Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 70.78 70.78 70.64 70.69 70.69 70.83 70.83 69.55 69.55 69.55
FII 1.67 1.55 1.63 1.48 1.42 1.73 1.75 1.7 1.66 0.92
DII 0.4 0.41 0.17 0.14 0.26 0.19 0.13 0.12 0.12 0
Public 27.16 27.27 27.56 27.69 27.63 27.25 27.29 28.63 28.66 29.52
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.9 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 44.48 to 54.13days.
  • The company has delivered a poor profit growth of 6% over past five 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.

Renaissance Global News

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