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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Renaissance Global Ltd

About the Company - Renaissance Global Ltd

Renaissance Global Ltd. is a Public Limited Listed company incorporated on 04/12/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L36911MH1989PLC054498 and registration number is 054498. Currently company belongs to the Industry of Diamond Cutting/Precious Metals/Jewellery. Company’s Total Operating Revenue is Rs. 1517.29 Cr. and Equity Capital is Rs. 18.88 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Diamond Cutting/Precious Metals/JewelleryPlot No. 36A & 37, SEEPZ, MIDC, Mumbai Maharashtra 400096investors@renaissanceglobal.com
http://www.renaissanceglobal.com
Management
NamePosition Held
Mr. Niranjan A ShahChairman Emeritus
Mr. Sumit N ShahChairman
Mr. Hitesh M ShahManaging Director
Mr. Neville R TataExecutive Director
Mr. Veerkumar C ShahIndependent Director
Mr. Vishwas V MehendaleIndependent Director
Mrs. Madhavi S PetheIndependent Director
Mr. Arun P SatheIndependent Director
Mr. Darshil A ShahExecutive Director
Mr. Bijou KurienIndependent Director

Renaissance Global Ltd. Share Price Update

Share PriceValue
Today₹108.75
Previous Day₹108.75

Basic Stock Data of Renaissance Global Ltd

Market Cap 1,245 Cr.
Current Price 130
High / Low146/80.0
Stock P/E17.2
Book Value 112
Dividend Yield0.00 %
ROCE9.02 %
ROE9.06 %
Face Value 2.00

Data Source: screener.in

Competitors of Renaissance Global Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shubhlaxmi Jewel Art Ltd 71.3 Cr. 81.0117/34.247.5 24.30.00 %10.0 %5.98 % 10.0
Parshva Enterprises Ltd 212 Cr. 211240/144785 10.60.00 %3.62 %2.12 % 10.0
Thangamayil Jewellery Ltd 3,604 Cr. 1,3131,550/48828.6 1630.46 %16.8 %22.4 % 10.0
Penta Gold Ltd 11.6 Cr. 9.1537.8/7.60 23.10.00 %1.27 %21.2 % 10.0
Tribhovandas Bhimji Zaveri Ltd (TBZ) 795 Cr. 119145/58.214.9 85.11.46 %9.30 %7.39 % 10.0
Industry Average938.78 Cr346.63175.2061.220.38%8.20%11.82%10.00

Renaissance Global Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales523740583410477774529573440724499473442
Expenses491693550378424706499533404675463440411
Operating Profit32473331536730403649363430
OPM %6%6%6%8%11%9%6%7%8%7%7%7%7%
Other Income92110117211231
Interest676678881011121112
Depreciation78989108898878
Profit before tax27341928375121261931181812
Tax %29%25%20%15%24%35%-2%6%18%11%-7%20%14%
Net Profit19251624283321241628201410
EPS in Rs2.072.681.612.482.963.532.242.571.642.862.151.511.10

Renaissance Global Ltd Quarterly Chart

Renaissance Global Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9529521,2221,2761,3201,4731,8112,5912,5022,0312,1902,2372,138
Expenses8859081,1611,2191,2411,4101,7452,4692,3521,9362,0142,0631,989
Operating Profit6644615779636612215095176173149
OPM %7%5%5%4%6%4%4%5%6%5%8%8%7%
Other Income1311741834216163047
Interest13131212111314253025355146
Depreciation10111217151411183131353231
Profit before tax4523384657547481106551369480
Tax %25%36%23%13%17%21%14%4%17%23%22%7%
Net Profit341529404743647788421068772
EPS in Rs3.511.553.094.214.974.416.688.139.324.5011.219.227.62
Dividend Payout %9%13%6%5%8%0%0%0%0%20%15%0%

Renaissance Global Ltd Profit & Loss Yearly Chart

Renaissance Global Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:4%
3 Years:-4%
TTM:-9%
Compounded Profit Growth
10 Years:19%
5 Years:7%
3 Years:0%
TTM:-18%
Stock Price CAGR
10 Years:28%
5 Years:18%
3 Years:33%
1 Year:60%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:9%
Last Year:9%

Renaissance Global Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital19191919191819191919191919
Reserves2903063553804424945306466818249051,0071,058
Borrowings273242342272252344348567524528706611665
Other Liabilities71170223258314247328422349275372285302
Total Liabilities6537369399291,0271,1031,2251,6541,5731,6462,0021,9212,044
Fixed Assets86899178717249829880218258255
CWIP4100703000922
Investments200243687652371117499120
Other Assets5626478488279139441,1081,5481,4041,5551,7001,5631,667
Total Assets6537369399291,0271,1031,2251,6541,5731,6462,0021,9212,044

Renaissance Global Ltd Reserves and Borrowings Chart

Renaissance Global Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1167-4997735-34-30320211786230
Cash from Investing Activity -9-16-12-28-25-5822-2-7161-115-67
Cash from Financing Activity -24-4377-76-4071-7277-76-7830-217
Net Cash Flow-21817-6819-19-29561000-54

Renaissance Global Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days396373687353715359687473
Inventory Days203204201180194176143174147188212196
Days Payable2480848710774745026325651
Cash Conversion Cycle218188190160160155140176180224230217
Working Capital Days168160163140140147139159148201183177
ROCE %10%6%8%8%10%9%10%10%11%6%11%9%

Renaissance Global Ltd Financial Efficiency Indicators Chart

Renaissance Global Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters73.74%70.78%70.78%70.78%70.78%70.78%70.64%70.69%70.69%70.82%70.82%69.56%
FIIs0.05%0.58%0.75%1.36%1.67%1.55%1.63%1.48%1.42%1.73%1.75%1.70%
DIIs0.00%0.00%0.00%0.00%0.36%0.37%0.13%0.14%0.26%0.19%0.13%0.12%
Government0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.00%0.00%0.00%0.00%0.00%
Public25.14%27.58%27.40%26.79%26.12%27.27%27.56%27.68%27.62%27.23%27.29%28.63%
Others1.04%1.04%1.04%1.04%1.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders8,0648,0367,3287,6897,7577,5677,8709,76710,52410,70011,01015,643

Renaissance Global Ltd Shareholding Pattern Chart

No. of Renaissance Global Ltd Shareholders

This stock is not held by any mutual fund

Renaissance Global Ltd ROCE Trend

Renaissance Global Ltd EPS Trend

Renaissance Global Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.0010.0010.0010.0010.00
Basic EPS (Rs.)9.2256.4922.7447.1044.20
Diluted EPS (Rs.)9.1656.4922.6847.1044.20
Cash EPS (Rs.)12.6474.9639.4163.5954.72
Book Value[Excl.RevalReserv]/Share (Rs.)108.26484.20447.41371.29355.86
Book Value[Incl.RevalReserv]/Share (Rs.)108.26484.20447.41371.29355.86
Revenue From Operations / Share (Rs.)236.931159.891087.211339.101376.52
PBDIT / Share (Rs.)17.80106.1961.8691.4371.83
PBIT / Share (Rs.)14.4187.6245.0874.8162.15
PBT / Share (Rs.)10.0472.2831.7058.8848.79
Net Profit / Share (Rs.)9.2556.3822.6346.9745.03
NP After MI And SOA / Share (Rs.)9.2256.0322.7447.1044.80
PBDIT Margin (%)7.519.155.686.825.21
PBIT Margin (%)6.087.554.145.584.51
PBT Margin (%)4.236.232.914.393.54
Net Profit Margin (%)3.904.862.083.503.27
NP After MI And SOA Margin (%)3.894.832.093.513.25
Return on Networth / Equity (%)8.5211.575.0812.6812.59
Return on Capital Employeed (%)11.2615.008.7717.1417.39
Return On Assets (%)4.535.282.585.595.06
Long Term Debt / Equity (X)0.040.040.030.000.00
Total Debt / Equity (X)0.450.610.580.740.98
Asset Turnover Ratio (%)0.891.120.891.001.20
Current Ratio (X)2.251.922.221.861.55
Quick Ratio (X)1.040.870.980.770.51
Inventory Turnover Ratio (X)1.351.851.531.301.83
Dividend Payout Ratio (NP) (%)6.509.8119.990.000.00
Dividend Payout Ratio (CP) (%)4.757.3711.500.000.00
Earning Retention Ratio (%)93.5090.1980.010.000.00
Cash Earning Retention Ratio (%)95.2592.6388.500.000.00
Interest Coverage Ratio (X)4.076.924.635.745.38
Interest Coverage Ratio (Post Tax) (X)3.134.682.854.104.42
Enterprise Value (Cr.)1104.091994.88838.02808.691185.46
EV / Net Operating Revenue (X)0.490.910.410.320.46
EV / EBITDA (X)6.579.957.254.738.83
MarketCap / Net Operating Revenue (X)0.350.740.270.150.22
Retention Ratios (%)93.4990.1880.000.000.00
Price / BV (X)0.771.770.650.550.85
Price / Net Operating Revenue (X)0.350.740.270.150.22
EarningsYield0.110.060.070.220.14

Renaissance Global Ltd Profitability Ratios (%)

Renaissance Global Ltd Liquidity Ratios

Renaissance Global Ltd Liquidity Ratios (%)

Renaissance Global Ltd Interest Coverage Ratios (X)

Renaissance Global Ltd Valuation Ratios

Fair Value / Intrinsic Value of Renaissance Global Ltd

Fair Value: ₹178.02

The stock is undervalued by 36.94% compared to the current price ₹130

*Investments are subject to market risks

Strength and Weakness of Renaissance Global Ltd

StrengthWeakness
  1. The company has higher reserves (609.08 cr) compared to borrowings (436.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (147.77 cr) and profit (68.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 56.81 and average Dividend Yield of 5.57%.
  2. The stock has a low average ROCE of 9.00%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 160.42, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 186.50, which may not be favorable.

Should I Buy Renaissance Global Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Renaissance Global Ltd:
    1. Net Profit Margin: 3.90%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.26% (Industry Average ROCE: 12.47%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 3.13
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.04
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 18.4 (Industry average Stock P/E: 35.8)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.45
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Renaissance Global Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE