NSEI:RGL

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Solid track record with adequate balance sheet.


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


Market Performance


7 Day Return

1.3%

RGL

1.0%

IN Luxury

1.4%

IN Market


1 Year Return

-17.0%

RGL

9.3%

IN Luxury

2.3%

IN Market

Return vs Industry: RGL underperformed the Indian Luxury industry which returned 9.3% over the past year.

Return vs Market: RGL underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

RGLIndustryMarket
7 Day1.3%1.0%1.4%
30 Day-12.1%4.8%2.7%
90 Day-9.9%6.0%-1.4%
1 Year-17.0%-17.0%10.2%9.3%4.3%2.3%
3 Year61.9%61.9%47.5%45.8%20.9%14.9%
5 Year306.9%294.9%105.1%101.4%41.2%28.2%

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

Valuation

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

5.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate RGL's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate RGL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RGL is good value based on its PE Ratio (5.1x) compared to the Luxury industry average (10.2x).

PE vs Market: RGL is good value based on its PE Ratio (5.1x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate RGL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RGL is overvalued based on its PB Ratio (0.7x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

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

-2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RGL's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: RGL's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: RGL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if RGL's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if RGL's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if RGL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Renaissance Global performed over the past 5 years?

17.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: RGL's earnings have grown by 17.2% per year over the past 5 years.

Accelerating Growth: RGL's earnings growth over the past year (35.5%) exceeds its 5-year average (17.2% per year).

Earnings vs Industry: RGL earnings growth over the past year (35.5%) exceeded the Luxury industry 7.9%.


Return on Equity

High ROE: RGL's Return on Equity (13.2%) is considered low.


Return on Assets

ROA vs Industry: RGL has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: RGL has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Renaissance Global's financial position?


Financial Position Analysis

Short Term Liabilities: RGL's short term assets (₹14.5B) exceeds its short term liabilities (₹9.0B)

Long Term Liabilities: RGL's short term assets (14.5B) exceeds its long term liabilities (29.0M)


Debt to Equity History and Analysis

Debt Level: RGL's debt to equity ratio (84.8%) is considered high

Reducing Debt: RGL's debt to equity ratio has reduced from 91.5% to 84.8% over the past 5 years.

Debt Coverage: RGL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: RGL's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet

Inventory Level: RGL has a high level of physical assets or inventory.

Debt Coverage by Assets: RGL's debt is covered by short term assets (assets are 2.520610x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate RGL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate RGL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if RGL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RGL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RGL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RGL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

12.5yrs

Average board tenure


CEO

Hitesh Shah (48yo)

2.5yrs

Tenure

₹5,422,000

Compensation

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 Sum ...


CEO Compensation Analysis

Compensation vs. Market: Hitesh's total compensation ($USD75.85K) is about average for companies of similar size in the Indian market ($USD27.28K).

Compensation vs Earnings: Hitesh's compensation has increased by more than 20% in the past year.


Board Age and Tenure

12.5yrs

Average Tenure

62yo

Average Age

Experienced Board: RGL's board of directors are seasoned and experienced ( 12.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Niranjan Shah (72yo)

    Executive Chairman

    • Tenure: 16.8yrs
    • Compensation: ₹3.62m
  • Hitesh Shah (48yo)

    MD & Executive Director

    • Tenure: 2.5yrs
    • Compensation: ₹5.42m
  • Ghanashyam Walavalkar

    VP of Legal

    • Tenure: 0yrs
    • Compensation: ₹2.31m
  • Parag Shah

    Vice President of Operations

    • Tenure: 0yrs
  • Neville Tata (46yo)

    Executive Director

    • Tenure: 13.7yrs
    • Compensation: ₹9.62m
  • Dilip Joshi (48yo)

    CFO & VP of Finance

    • Tenure: 0yrs
    • Compensation: ₹3.04m
  • Akshay Sharma

    President of Bridal Division

    • Tenure: 0yrs
  • Ariez Tata

    President of Gem Division

    • Tenure: 0yrs
  • Sandeep Shah

    Vice President of Operations

    • Tenure: 0yrs
  • Yugam Shah

    General Manager of Marketing

    • Tenure: 0yrs

Board Members

  • Niranjan Shah (72yo)

    Executive Chairman

    • Tenure: 16.8yrs
    • Compensation: ₹3.62m
  • Sumit Shah (45yo)

    Non-Executive Vice Chairman

    • Tenure: 2.5yrs
  • Hitesh Shah (48yo)

    MD & Executive Director

    • Tenure: 2.5yrs
    • Compensation: ₹5.42m
  • Neville Tata (46yo)

    Executive Director

    • Tenure: 13.7yrs
    • Compensation: ₹9.62m
  • Veerkumar Shah (74yo)

    Independent Non-Executive Director

    • Tenure: 13.7yrs
    • Compensation: ₹300.00k
  • Anil Chopra (76yo)

    Independent Non-Executive Director

    • Tenure: 12.5yrs
    • Compensation: ₹255.00k
  • Vishwas Mehendale (62yo)

    Independent Non-Executive Director

    • Tenure: 12.5yrs
    • Compensation: ₹255.00k
  • Arun Sathe (80yo)

    Independent Non-Executive Director

    • Tenure: 9.4yrs
    • Compensation: ₹255.00k
  • Madhavi Pethe (56yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: ₹255.00k

Company Information

Renaissance Global Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Renaissance Global Limited
  • Ticker: RGL
  • Exchange: NSEI
  • Founded: 1989
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹4.531b
  • Shares outstanding: 18.88m
  • Website: https://www.renjewellery.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, silver, platinum, and studded jewelry with polished diamonds, and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:49
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.