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Renaissance Global Ltd share Price Today

Company details

111.00
116.50
83.85
146.35
6M Return 5.57%
1Y Return 31.34%
Mkt Cap.(Cr) 1,075.71
Volume 171,011
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 171,011

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Gems & Jewellery company Renaissance Global announced Q3FY24 & 9MFY24 results:

Q3FY24 vs Q3FY23:

  • Total Income stood at Rs 657.9 crore vs Rs 725.0 crore, down 9.3%.
    • Branded Jewellery business revenues up 16.2% to Rs 272.1 crore.
    • Direct-to-consumer business revenues up 7.5% to Rs 94.9 crore.
  • EBITDA at Rs 53.9 crore as against Rs 50.1 crore, up 7.6%.
    • EBITDA Margins stood at 8.2% against 6.9%, up 129 bps.
  • PAT, after discontinued operations, stood at Rs 27.9 crore against Rs 27.8 crore.

9MFY24 vs 9MFY23:

  • Total Income stood at Rs 1,577.4 crore from Rs 1,741.3 crore, down 9.4%.
    • Branded Jewellery business revenues up 12.2% to Rs 513.3 crore.
    • Direct-to-consumer business revenues up 18.4% to Rs 204.0 crore.
  • EBITDA at Rs 122.4 crore as against Rs 130.0 crore, down by 5.9%.
    • EBITDA Margins stood at 7.8% against 7.5%, up by 31 bps.
  • PAT, after discontinued operations, stood at Rs 52.6 crore against Rs 67.6 crore.

Commenting on the performance for Q3 & 9MFY24, Sumit Shah – Chairman and Global CEO, Renaissance Global said, “We have reported a resilient performance during the quarter marked by increased margins. Revenue growth in our strategically important Branded segment has helped us navigate through a challenging year in our key markets. Our licensing agreements with Marvel and Warner Bros. will help further augment revenue from this category.

Our D2C vertical, while currently exhibiting good growth remains a key focus area for future expansion. For the 9-month period, the growth in the segment was ~18%. In Q3FY24, the revenue growth was moderate due to a focus on profitability.

In the B2B segment, a significant development has been the successful launch of Wonder Fine Jewelry with one of our large retailer partners. Wonder Fine Jewelry is our umbrella brand for Disney Jewels, Marvel, and Star Wars. After signs of early success in the 2023 holiday season, we expect this to be launched with another large retailer in the coming quarters.

Another noteworthy development is the widespread acceptance of Lab-Grown Diamonds (LGD) globally, particularly in engagement rings and solitaire jewellry. Currently, LGDs constitute around 50% of our D2C sales, indicating our penetration in this fast-growing segment.

Our focus in the coming quarters is to fully leverage our strong partnerships with renowned brands, our robust distribution network, and our D2C capabilities to emerge from these challenging times with growth in our revenues and margins.”

Result PDF

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Renaissance Global Ltd shares SWOT Analysis

Strengths (3)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Company with Zero Promoter Pledge

Weakness (2)

  • Degrowth in Revenue and Profit
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 115.3
R2 118.6
R3 120.8
Pivot

113.13

S1 109.8
S2 107.6
S3 104.3
EMA SMA
113.7
114.3
112.5
109.2
110.4
116.7
111.2
108.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-22 140.79 515508 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-22 141.17 515508 NSE
RAHIL SANDEEP SHAH Bulk Purchase 2021-03-18 302.5 151812 NSE
Name Category Shares
Hitesh Mahendra Shah PROMOTER 6.17%
Bhupen Chandrakant Shah PROMOTER 3.47%
Niranjan Amritlal Shah PROMOTER 3.21%
Pinky Dhiren Shah PROMOTER 1.81%
Reena Kanayo Ahuja PROMOTER 1.39%
Sanat Hitesh Shah PROMOTER 0.78%
Anived Family Trust (Sumit Niranjan Shah ) PROMOTER 21.47%
Kothari Descendents Private Trust (Niranjan Amratlal Shah) PROMOTER 13.9%
Niranjan Family Private Trust (Sumit N Shah) PROMOTER 13.42%
Vishal Dhiren Shah PROMOTER 3.75%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Renaissance Global Ltd Stocks COMPARISON

Financials( in Cr) Renaissance Global Ltd Titan Company Ltd Kalyan Jewellers India Ltd Rajesh Exports Ltd Senco Gold Ltd
Price 111.90 3,600.60 418.80 291.50 951.90
% Change -4.20 -0.52 -2.09 -2.31 18.76
Mcap Cr 1,075.71 319,656.23 43,138.62 8,606.83 7,395.03
Revenue TTM Cr 2,236.56 40,575.00 14,071.45 339,689.51 4,077.40
Net Profit TTM Cr 87.31 3,274.00 431.93 1,432.28 158.48
PE TTM 15.50 93.12 79.77 12.02 35.62
1 Year Return 31.34 39.13 305.03 -51.27 134.86
ROCE 8.89 24.82 12.20 10.86 15.29
ROE 8.96 30.95 12.76 10.54 18.96
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,025.96 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,701.14 -977.22
LAST 3M 83,457.99 46,963.56
LAST 6M 132,599.41 76,093.83
LAST 12M 206,655.58 204,047.57

Renaissance Global Ltd Information

Stock PE (TTM)
15.5
Promoter Holding
69.55%
Book Value
112.0259
ROCE
8.89%
ROE
8.96%
Description
  • The company was originally incorporated on December 04,1989 as Mayur Gem and Jewellery Export Private Limited and were engaged in the business and manufacture of jewellery. Mr. Chandrakant Dhanak and Mrs. Darshana Dhanak are the original promoters of the Company. In the year 1995, Mr. Niranjan A. Shah and family acquired the entire shareholding of Mayur Gem and Jewellery Export Private Limited. With effect from April 16, 1997 the Company`s name was changed from Mayur Gem & Jewellery Export Private Limited to Rinaissance Gem & Jewellery Export Private Limited. With effect from April 1 1998, Sur Style Jewellery Private Limited (`Sur Style`) engaged in manufacture and export of studded jewellery was merged with company. On December 20, 2005, the Company was converted to a public limited company from private limited company and the name was changed to Renaissance Jewellery Limited. The company has engaged the business of manufacture and sale of studded gold, platinum and silver jewellery and are primarily focused on international markets including the USA. And also Studded jewellery products has marketed through retail stores operated by subsidiary company, Renaissance Retail Venture Private Limited (RRVPL). The company has been operated through three manufacturing units of which two units are located at SEEPZ-SEZ at Mumbai and one 100% EOU unit at Bhavnagar in Gujarat. Besides, the subsidiary Renaissance Retail Venture Private Limited has a manufacturing facility at MIDC, Andheri for catering to the domestic retail market. Verigold Fine Jewellery Private Limited (Subsidiary) has a manufacturing facility for studded jewellery in SEEPZ-SEZ at Mumbai. Both companies are wholly owned subsidiary of the Company.

Registered Address

Plot No 36A & 37 SEEPZ, MIDC Marol Antheri(East), Mumbai, Maharashtra, 400096

Tel : 91-22-40551200
Email : investors:renjewellery.com; info:renjewellery.com
Website : http://www.renaissanceglobal.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532923
NSE Code : RGL
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE722H01024

FAQ’s on Renaissance Global Ltd Shares

You can buy Renaissance Global Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Renaissance Global Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 15, 2024 04:08 PM the closing price of Renaissance Global Ltd was ₹ 111.90.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 15, 2024 04:08 PM, the market cap of Renaissance Global Ltd stood at ₹ 1,075.71.

The latest PE ratio of Renaissance Global Ltd as of Apr 15, 2024 04:08 PM is 15.5

The latest PB ratio of Renaissance Global Ltd as of Apr 15, 2024 04:08 PM is 0.96

The 52-week high of Renaissance Global Ltd share price is ₹ 146.35 while the 52-week low is ₹ 83.85

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