5329

Renaissance GlobalBSE:532923 Stock Report

Market Cap

₹13.4b

7D

-4.5%

1Y

175.6%

Updated

18 Sep, 2021

Data

Company Financials
532923 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends3/6

532923 Overview

Renaissance Global Limited designs, manufactures, and sells diamond studded jewelry in India and internationally.

Renaissance Global Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Renaissance Global
Historical stock prices
Current Share Price₹718.80
52 Week High₹206.00
52 Week Low₹786.00
Beta1.3
1 Month Change0.20%
3 Month Change25.00%
1 Year Change175.61%
3 Year Change144.82%
5 Year Change416.94%
Change since IPO326.46%

Recent News & Updates

Shareholder Returns

532923IN LuxuryIN Market
7D-4.5%0.8%1.2%
1Y175.6%85.6%59.0%

Return vs Industry: 532923 exceeded the Indian Luxury industry which returned 85.7% over the past year.

Return vs Market: 532923 exceeded the Indian Market which returned 59% over the past year.

Price Volatility

Is 532923's price volatile compared to industry and market?
532923 volatility
532923 Beta1.3
Industry Beta0.75
Market Beta1

Stable Share Price: 532923 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 532923's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989734Sumit Shahhttps://www.renaissanceglobal.com

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 also engages in the retail and trade of cut and polished diamonds; gems; and furniture and accessories.

Renaissance Global Fundamentals Summary

How do Renaissance Global's earnings and revenue compare to its market cap?
532923 fundamental statistics
Market Cap₹13.43b
Earnings (TTM)₹872.77m
Revenue (TTM)₹22.55b

15.4x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532923 income statement (TTM)
Revenue₹22.55b
Cost of Revenue₹17.77b
Gross Profit₹4.78b
Expenses₹3.91b
Earnings₹872.77m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)46.72
Gross Margin21.20%
Net Profit Margin3.87%
Debt/Equity Ratio70.9%

How did 532923 perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

10%

Payout Ratio

Valuation

Is Renaissance Global undervalued compared to its fair value and its price relative to the market?

10.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 532923 (₹718.8) is trading below our estimate of fair value (₹800.34)

Significantly Below Fair Value: 532923 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 532923's PE Ratio (15.4x) is in line with the Indian Luxury industry average.

PE vs Market: 532923 is good value based on its PE Ratio (15.4x) compared to the Indian market (20.4x).


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 is overvalued based on its PB Ratio (1.6x) compared to the IN Luxury industry average (1.1x).


Future Growth

How is Renaissance Global forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

36.6%

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.


Past Performance

How has Renaissance Global performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532923 has high quality earnings.

Growing Profit Margin: 532923's current net profit margins (3.9%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 532923's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: 532923's earnings growth over the past year (49.7%) exceeds its 5-year average (7.7% per year).

Earnings vs Industry: 532923 earnings growth over the past year (49.7%) underperformed the Luxury industry 70.2%.


Return on Equity

High ROE: 532923's Return on Equity (10.4%) is considered low.


Financial Health

How is Renaissance Global's financial position?


Financial Position Analysis

Short Term Liabilities: 532923's short term assets (₹15.2B) exceed its short term liabilities (₹6.9B).

Long Term Liabilities: 532923's short term assets (₹15.2B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: 532923's debt to equity ratio (70.9%) is considered high.

Reducing Debt: 532923's debt to equity ratio has increased from 54.8% to 70.9% over the past 5 years.

Debt Coverage: 532923's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: 532923's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Dividend

What is Renaissance Global current dividend yield, its reliability and sustainability?

0.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532923's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 532923's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (1.45%).


Stability and Growth of Payments

Stable Dividend: 532923's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532923's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.6%), 532923's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

15.0yrs

Average board tenure


CEO

Sumit Shah (47 yo)

0.50

Tenure

₹45,993,000

Compensation

Mr. Sumit Niranjan Shah served as the Managing Director of Renaissance Global Limited (formerly known as Renaissance Jewellery Limited) from February 1, 2006 to April 1, 2017. Mr. Shah is responsible for s...


CEO Compensation Analysis

Compensation vs Market: Sumit's total compensation ($USD624.21K) is above average for companies of similar size in the Indian market ($USD208.97K).

Compensation vs Earnings: Sumit's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 532923's board of directors are seasoned and experienced ( 15 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Renaissance Global Limited's 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: ₹13.429b
  • Shares outstanding: 18.68m
  • Website: https://www.renaissanceglobal.com

Number of Employees


Location

  • Renaissance Global Limited
  • Plot No. 36A & 37
  • SEEPZ-SEZ
  • Mumbai
  • Maharashtra
  • 400096
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 12:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.