Renaissance Global
Market Cap
₹5.6b
Last Updated
2021/01/18 12:10 UTC
Data Sources
Company Financials
Executive Summary
Renaissance Global Limited designs, manufactures, and sells diamond studded jewelry in India and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Renaissance Global's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 532923 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 532923's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-1.9%
532923
-3.7%
IN Luxury
-2.2%
IN Market
1 Year Return
-22.7%
532923
11.4%
IN Luxury
15.2%
IN Market
Return vs Industry: 532923 underperformed the Indian Luxury industry which returned 11.2% over the past year.
Return vs Market: 532923 underperformed the Indian Market which returned 15.9% over the past year.
Shareholder returns
| 532923 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -3.7% | -2.2% |
| 30 Day | 1.4% | 1.6% | 3.4% |
| 90 Day | 32.3% | 23.7% | 21.5% |
| 1 Year | -22.7%-22.7% | 12.2%11.4% | 17.3%15.2% |
| 3 Year | -10.0%-10.0% | 11.1%8.8% | 7.2%2.0% |
| 5 Year | 112.0%108.7% | 75.5%67.2% | 78.6%65.0% |
Long-Term Price Volatility Vs. Market
How volatile is Renaissance Global's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Renaissance Global undervalued compared to its fair value and its price relative to the market?
9.54x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 532923 (₹301.8) is trading above our estimate of fair value (₹242.93)
Significantly Below Fair Value: 532923 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 532923 is good value based on its PE Ratio (9.5x) compared to the IN Luxury industry average (19.4x).
PE vs Market: 532923 is good value based on its PE Ratio (9.5x) compared to the Indian market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 532923's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 532923's PB Ratio (0.7x) is in line with the IN Luxury industry average.
Next Steps
Future Growth
How is Renaissance Global forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
54.0%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Renaissance Global has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of 532923’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Renaissance Global competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Renaissance Global performed over the past 5 years?
13.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 532923 has high quality earnings.
Growing Profit Margin: 532923's current net profit margins (2.9%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: 532923's earnings have grown by 13.3% per year over the past 5 years.
Accelerating Growth: 532923's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 532923 had negative earnings growth (-34%) over the past year, making it difficult to compare to the Luxury industry average (-28.3%).
Return on Equity
High ROE: 532923's Return on Equity (7.5%) is considered low.
Next Steps
Financial Health
How is Renaissance Global's financial position?
Financial Position Analysis
Short Term Liabilities: 532923's short term assets (₹16.9B) exceed its short term liabilities (₹9.5B).
Long Term Liabilities: 532923's short term assets (₹16.9B) exceed its long term liabilities (₹981.0M).
Debt to Equity History and Analysis
Debt Level: 532923's debt to equity ratio (84.8%) is considered high.
Reducing Debt: 532923's debt to equity ratio has increased from 82% to 84.8% over the past 5 years.
Debt Coverage: 532923's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: 532923's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Renaissance Global current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 532923's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 532923's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 532923's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 532923's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 532923 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 532923's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
14.3yrs
Average board tenure
CEO
Hitesh Shah (49 yo)
3.75yrs
Tenure
₹9,079,000
Compensation
Mr. Hitesh Mahendrakumar Shah, B.Com has been Managing Director and Executive Director of Renaissance Global Limited (formerly known as Renaissance Jewellery Limited) since April 1, 2017 and January 1, 200...
CEO Compensation Analysis
Compensation vs Market: Hitesh's total compensation ($USD124.12K) is above average for companies of similar size in the Indian market ($USD44.29K).
Compensation vs Earnings: Hitesh's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 18yrs | ₹3.65m | 3.4% ₹ 191.4m | |
| MD & Executive Director | 3.75yrs | ₹9.08m | 7.08% ₹ 398.6m | |
| Executive Director | 14.92yrs | ₹9.76m | no data | |
| Non-Executive Vice Chairman | 3.75yrs | no data | 21.87% ₹ 1.2b | |
| Independent Non-Executive Director | 14.92yrs | ₹270.00k | 0.00034% ₹ 19.2k | |
| Independent Non-Executive Director | 13.75yrs | ₹285.00k | no data | |
| Independent Non-Executive Director | 10.67yrs | ₹225.00k | no data | |
| Independent Non-Executive Director | 6.42yrs | ₹225.00k | no data |
14.3yrs
Average Tenure
60yo
Average Age
Experienced Board: 532923's board of directors are seasoned and experienced ( 14.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Renaissance Global Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Renaissance Global Limited
- Ticker: 532923
- Exchange: BSE
- Founded: 1989
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: ₹5.634b
- Shares outstanding: 18.88m
- Website: https://www.renaissanceglobal.com
Number of Employees
Location
- Renaissance Global Limited
- Plot No. 36A & 37
- SEEPZ-SEZ
- Mumbai
- Maharashtra
- 400096
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532923 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jan 2008 |
| RGL | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jan 2008 |
Biography
Renaissance Global Limited designs, manufactures, and sells diamond studded jewelry in India and internationally. The company offers gold jewelry, as well as bangles, pendant sets, and other products. It a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 12:10 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.