Loading...

Renaissance Global

BSE:532923
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532923
BSE
₹6B
Market Cap
Add to portfolio
  1. Home
    2. ›
  2. IN
    3. ›
  3. Consumer Durables
Last updated 2019/04/18 12:48
Company description

Renaissance Global Limited designs, manufactures, and sells diamond studded jewellery in India. The last earnings update was 65 days ago. More info.

Find similar companies

Add to Portfolio Compare Print
532923 Share Price and Events
7 Day Returns
-5.3%
BSE:532923
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
-2.2%
BSE:532923
-3.3%
IN Luxury
0.1%
IN Market
532923 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Renaissance Global (532923) -5.3% -1.5% -1.9% -2.2% 114.7% 401.1%
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 532923 outperformed the Luxury industry which returned -3.3% over the past year.
  • 532923 underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
532923
Industry
5yr Volatility vs Market

Value

 Is Renaissance Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Renaissance Global. This is due to cash flow or dividend data being unavailable. The share price is ₹303.15.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Renaissance Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Renaissance Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532923 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹42.58
BSE:532923 Share Price ** BSE (2019-04-18) in INR ₹303.15
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Renaissance Global.

BSE:532923 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532923 Share Price ÷ EPS (both in INR)

= 303.15 ÷ 42.58

 7.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Renaissance Global is good value based on earnings compared to the IN Luxury industry average.
  • Renaissance Global is good value based on earnings compared to the India market.
Price based on expected Growth
Does Renaissance Global's expected growth come at a high price?
Raw Data
BSE:532923 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -0.4%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Renaissance Global, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Renaissance Global's assets?
Raw Data
BSE:532923 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹344.85
BSE:532923 Share Price * BSE (2019-04-18) in INR ₹303.15
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:532923 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532923 Share Price ÷ Book Value per Share (both in INR)

= 303.15 ÷ 344.85

 0.88x

* Primary Listing of Renaissance Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Renaissance Global is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Renaissance Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Renaissance Global has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Renaissance Global, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Renaissance Global expected to grow at an attractive rate?
  • Renaissance Global's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Renaissance Global's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Renaissance Global's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:532923 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532923 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -0.4%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532923 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532923 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:532923 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 23,238 793
2018-09-30 21,179 708
2018-06-30 19,044 660
2018-03-31 18,251 -337 631
2017-12-31 17,758 615
2017-09-30 16,746 550
2017-06-30 15,770 458
2017-03-31 14,734 52 420
2016-12-31 13,912 479
2016-09-30 13,234 483
2016-06-30 13,404 484
2016-03-31 13,196 731 474

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Renaissance Global's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Renaissance Global is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532923 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Renaissance Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532923 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:532923 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 42.58
2018-09-30 38.16
2018-06-30 35.67
2018-03-31 34.12
2017-12-31 32.16
2017-09-30 28.92
2017-06-30
2017-03-31 22.81
2016-12-31 25.10
2016-09-30 25.32
2016-06-30 25.35
2016-03-31 24.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Renaissance Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Renaissance Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Renaissance Global has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Renaissance Global performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Renaissance Global's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Renaissance Global's year on year earnings growth rate has been positive over the past 5 years.
  • Renaissance Global's 1-year earnings growth exceeds its 5-year average (29% vs 17.3%)
  • Renaissance Global's earnings growth has exceeded the IN Luxury industry average in the past year (29% vs 14.8%).
Earnings and Revenue History
Renaissance Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Renaissance Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532923 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 23,237.61 793.31 953.29
2018-09-30 21,178.60 708.44 951.75
2018-06-30 19,044.01 659.67 901.21
2018-03-31 18,251.02 630.57 918.76
2017-12-31 17,758.13 614.75 1,015.35
2017-09-30 16,745.70 550.09 949.01
2017-06-30 15,770.25 457.87 965.18
2017-03-31 14,734.49 420.49 967.43
2016-12-31 13,911.98 478.96 1,033.94
2016-09-30 13,234.39 482.95 1,044.93
2016-06-30 13,403.62 483.56 1,032.37
2016-03-31 13,195.80 474.42 1,013.44
2015-12-31 12,627.23 474.08 1,075.25
2015-09-30 13,314.64 485.18 1,058.11
2015-06-30 13,065.69 426.18 733.74
2015-03-31 12,764.42 401.57 993.82
2014-12-31 13,707.00 462.47 1,235.29
2014-09-30 12,648.11 330.03 1,260.42
2014-06-30 12,442.92 321.55 898.74
2014-03-31 12,221.61 294.84 1,265.65
2013-12-31 10,947.59 194.29 1,079.91
2013-09-30 10,383.90 166.65 1,077.36
2013-06-30 9,664.73 233.16 870.28
2013-03-31 9,519.27 147.71 1,218.46
2012-12-31 8,848.88 125.31 1,242.74
2012-09-30 8,728.22 220.11 1,252.53
2012-06-30 9,544.57 234.00 1,229.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Renaissance Global has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Renaissance Global used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Renaissance Global has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Luxury industry
X
Past performance checks
We assess Renaissance Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Renaissance Global has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Renaissance Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Renaissance Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Renaissance Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Renaissance Global's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Renaissance Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Renaissance Global Company Filings, last reported 3 months ago.

BSE:532923 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,436.70 6,726.70 621.90
2018-09-30 5,597.06 7,243.16 1,028.13
2018-06-30 5,577.76 3,476.22 1,136.89
2018-03-31 5,577.76 3,476.22 1,136.89
2017-12-31 5,331.85 3,803.84 1,534.32
2017-09-30 5,331.85 3,803.84 1,534.32
2017-06-30 5,140.38 3,439.33 1,826.14
2017-03-31 5,109.46 3,439.33 1,627.27
2016-12-31 4,786.24 3,725.06 1,167.40
2016-09-30 4,786.24 3,725.06 1,167.40
2016-06-30 4,613.86 2,516.36 988.04
2016-03-31 4,613.86 2,515.45 988.04
2015-12-31 4,196.27 3,439.45 630.48
2015-09-30 4,196.27 3,439.45 630.48
2015-06-30 3,991.14 2,719.42 780.56
2015-03-31 3,991.14 2,719.49 780.56
2014-12-31 3,708.97 3,462.37 211.51
2014-09-30 3,708.97 3,462.37 211.51
2014-06-30 3,738.97 3,419.93 611.13
2014-03-31 3,738.98 3,419.93 611.13
2013-12-31 3,222.63 3,467.67 358.29
2013-09-30 3,222.63 3,467.67 358.29
2013-06-30 3,248.66 2,419.39 432.86
2013-03-31 3,248.67 2,419.45 432.86
2012-12-31
2012-09-30
2012-06-30 3,129.35 2,733.04 343.04
  • Renaissance Global's level of debt (104.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (107.4% vs 104.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Renaissance Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Renaissance Global has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Renaissance Global dividends.
If you bought ₹2,000 of Renaissance Global shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Renaissance Global's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Renaissance Global's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532923 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532923 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:532923 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-29 0.000 0.000
2018-02-14 0.000 0.000
2017-12-14 0.000 0.000
2017-09-14 0.000 0.000
2017-08-04 0.000 0.000
2017-06-19 0.000 0.000
2017-05-30 0.000 0.000
2016-08-24 2.000 1.413
2016-05-26 2.000 1.547
2016-03-11 2.000 1.538
2015-08-25 1.000 0.985
2015-05-26 1.000 1.451
2014-09-16 1.000 1.411
2013-08-02 1.000 1.710
2013-05-27 1.000 1.881
2012-09-11 1.500 2.458
2011-06-30 2.000 2.428
2011-05-30 2.000 1.815
2010-08-26 2.000 2.555
2009-06-22 1.500 2.583
2009-06-01 1.500 3.992
2009-04-20 1.500 5.055

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Renaissance Global has not reported any payouts.
  • Unable to verify if Renaissance Global's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Renaissance Global's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Renaissance Global has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Renaissance Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Renaissance Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Renaissance Global has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Renaissance Global's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hitesh Shah
COMPENSATION ₹3,622,000
AGE 47
TENURE AS CEO 2 years
CEO Bio

Mr. Hitesh Mahendra Shah, B.Com has been Managing Director and Executive Director of Renaissance Jewellery Ltd. since April 1, 2017 and January 1, 2006 respectively. Mr. Shah serves as a Partner of M/s Sumit Diamond. Mr. Shah joined Renaissance Jewellery Ltd. as the Chief Financial Officer and was responsible for product development, merchandising, marketing and financial planning. He earlier served at Sudiam B.V.BA, Japan as president and was responsible for managing operations. He has over 12 years of experience in the gems and jewellery business. He serves as a Director of N. Kumar Diamond Exports Limited, Fancy Jewellery Private Limited, Anika Jewellery Private Limited, Verigold Fine Jewellery Private Limited, Renaissance Retail Venture Private Limited, House Full International Limited and Renaissance Jewelry New York, Inc. Mr. Shah holds a Bachelor in Commerce from Bombay University.

CEO Compensation
  • Hitesh's compensation has been consistent with company performance over the past year.
  • Hitesh's remuneration is higher than average for companies of similar size in India.
Management Team

Niranjan Shah

TITLE
Executive Chairman
COMPENSATION
₹2M
AGE
71

Hitesh Shah

TITLE
MD & Executive Director
COMPENSATION
₹4M
AGE
47
TENURE
2 yrs

Dilip Joshi

TITLE
CFO & VP of Finance
COMPENSATION
₹3M
AGE
47

Ghanashyam Walavalkar

TITLE
General Manager of Legal
COMPENSATION
₹2M

Neville Tata

TITLE
Executive Director
COMPENSATION
₹10M
AGE
45

Yugam Shah

TITLE
General Manager of Marketing

Akshay Sharma

TITLE
President of Bridal Division

Ariez Tata

TITLE
President of Gem Division

Nikesh Shah

TITLE
Vice President of Production
COMPENSATION
₹461K
AGE
44

Hari Mehta

TITLE
General Manager of Purchase & Stores
COMPENSATION
₹540K
AGE
61
Board of Directors Tenure

Average tenure and age of the Renaissance Global board of directors in years:

12
Average Tenure
66
Average Age
  • The average tenure for the Renaissance Global board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hitesh Shah

TITLE
MD & Executive Director
COMPENSATION
₹4M
AGE
47
TENURE
13.3 yrs

Sumit Shah

TITLE
Non-Executive Vice Chairman
AGE
44
TENURE
2 yrs

Niranjan Shah

TITLE
Executive Chairman
COMPENSATION
₹2M
AGE
71
TENURE
16.3 yrs

Neville Tata

TITLE
Executive Director
COMPENSATION
₹10M
AGE
45
TENURE
13.2 yrs

Veerkumar Shah

TITLE
Independent Non-Executive Director
COMPENSATION
₹300K
AGE
73
TENURE
13.2 yrs

Anil Chopra

TITLE
Independent Non-Executive Director
COMPENSATION
₹255K
AGE
75
TENURE
12 yrs

Vishwas Mehendale

TITLE
Independent Non-Executive Director
COMPENSATION
₹270K
AGE
61
TENURE
11.6 yrs

Arun Sathe

TITLE
Independent Non-Executive Director
COMPENSATION
₹270K
AGE
79
TENURE
8.9 yrs

Madhavi Pethe

TITLE
Independent Non-Executive Director
COMPENSATION
₹210K
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Renaissance Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Renaissance Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Renaissance Global Limited designs, manufactures, and sells diamond studded jewellery in India. The company offers gold, silver, and platinum jewellery studded with polished diamonds, and other precious and semi-precious stones. Its product portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles, money clips, tie pins, cuff links, etc. The company also exports its jewellery products primarily to the United States, the United Kingdom, and the United Arab Emirates. In addition, it engages in the sale of furniture products through Website, housefull.co.in. The company was formerly known as Renaissance Jewellery Limited and changed its name to Renaissance Global Limited in March 2019. Renaissance Global Limited was incorporated in 1989 and is based in Mumbai, India.

Details
Name: Renaissance Global Limited
532923
Exchange: BSE
Founded: 1989
₹5,720,470,320
18,879,440
Website: http://www.renjewellery.com
Address: Renaissance Global Limited
Plot No. 36A & 37,
SEEPZ-SEZ,
Mumbai,
Maharashtra, 400096,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532923 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 2008
NSEI RGL Equity Shares National Stock Exchange of India IN INR 02. Jan 2008
Number of employees
Current staff
Staff numbers
4,000
Renaissance Global employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/05/28
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Related Companies

© 2019 Simply Wall Street Pty Ltd, Community Design 2845206, US Design Patent #29/544/281, European Design Registration #2845206, Standard & Poor’s Financial Services LLC. All rights reserved.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2019, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2019)