BSE:532923

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Executive Summary

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


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

532923IndustryMarket
7 Day-1.9%-3.7%-2.2%
30 Day1.4%1.6%3.4%
90 Day32.3%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 Year112.0%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

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

NamePositionTenureCompensationOwnership
Niranjan Shah
Executive Chairman18yrs₹3.65m3.4%
₹ 191.4m
Hitesh Shah
MD & Executive Director3.75yrs₹9.08m7.08%
₹ 398.6m
Neville Tata
Executive Director14.92yrs₹9.76mno data
Sumit Shah
Non-Executive Vice Chairman3.75yrsno data21.87%
₹ 1.2b
Veerkumar Shah
Independent Non-Executive Director14.92yrs₹270.00k0.00034%
₹ 19.2k
Vishwas Mehendale
Independent Non-Executive Director13.75yrs₹285.00kno data
Arun Sathe
Independent Non-Executive Director10.67yrs₹225.00kno data
Madhavi Pethe
Independent Non-Executive Director6.42yrs₹225.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532923BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2008
RGLNSEI (National Stock Exchange of India)YesEquity SharesININRJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 12:10
End of Day Share Price2021/01/18 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.