Table of Contents

Renaissance Jewellery Ltd

Updated on April 20, 2024

Stock/Share Code - RJL

Renaissance Jewellery is engaged in the manufacture of diamond studded jewellery.

Below is the details of RJL Renaissance Jewellery Ltd

Market Cap	₹566.29 Cr.
Current Price	₹299.95
52 Week High / Low Price	₹345 / ₹252.2
Face Value	₹10
Stock P/E	15.53
Book Value	₹243.62
Dividend Yield	0.00 %
ROCE	8.83 %
ROE	7.53 %
Sales Growth (3yrs)	-1.21 %
Sector	Diamond, Gems and Jewellery
Industry	Diamond Cutting / Jewellery
Listed on	BSE AND NSE
Company Website	Company Website

Pros:

Cons: Though the company is reporting repeated profits, it is not paying out dividend The company has delivered a poor growth of 7.29% over past five years. Company has a low return on equity of 7.79% for last 3 years. Contingent liabilities of Rs.214.27 Cr. Dividend payout has been low at 3.80% of profits over last 3 years

Renaissance Jewellery Ltd Peer Comparison in Diamond, Gems and Jewellery

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Rajesh Exports	₹121.6	12.24	₹17,130.35 Cr.	0.17	₹315.97 Cr.	4.79	6.57	44017.21	14.03
2.		66.45	₹91,015.84 Cr.	0.37	₹413.19 Cr.	43.49	34.57	5871.49	24.84
3.	PC Jeweller		5.66	₹2,788.19 Cr.	0.71	₹138.34 Cr.	-14.97	-19.88	2119.10	25.07
4.	Gitanjali Gems		0.06	₹12.45 Cr.	76.22	₹63.8 Cr.	40.16	-4.44	3788.70	5.98
5.	Vaibhav Global		12.97	₹1,992.57 Cr.	0.00	₹52.51 Cr.	15.33	10.61	510.59	23.27
6.	Asian Star Co.		9.91	₹1,042.25 Cr.	0.23	₹19.31 Cr.	-60.08	-24.00	793.30	9.09
7.	Renaissance Jew.		7.14	₹566.29 Cr.	0.00	₹37.83 Cr.	28.89	33.42	822.00	10.04
8.	Renaissance Jew.		15.53	₹566.29 Cr.	0.00	₹8.55 Cr.	-43.94	23.09	405.61	8.83

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Renaissance Jewellery Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018
Sales	246.24	253.95	265.07	352.24	229.16	169.37	271.72	329.52	251.59	235.82	335.76	405.61
YOY Sales Growth %	24.29%	19.53%	-16.33%	-4.12%	-6.94%	-33.31%	2.51%	-6.45%	9.79%	39.23%	23.57%	23.09%
Expenses	241.29	243.55	251.19	326.16	227.94	160.14	255.24	302.16	246.62	224.85	310.41	390.08
Material Cost %	84.34%	82.41%	80.87%	82.71%	86.45%	76.95%	80.58%	80.45%	86.6%	80.81%	75.59%	83.64%
Employee Cost %	3.23%	3.5%	3.39%	2.42%	3.52%	5.18%	3.35%	4.4%	2.89%	3.27%	2.91%	2.27%
Operating Profit	4.95	10.40	13.88	26.08	1.22	9.23	16.48	27.36	4.97	10.97	25.35	15.53
OPM %	2.01%	4.10%	5.24%	7.40%	0.53%	5.45%	6.07%	8.30%	1.98%	4.65%	7.55%	3.83%
Other Income	0.28	0.76	0.50	0.70	1.12	0.86	1.01	0.11	-4.80	0.31	0.27	-0.14
Interest	1.33	1.40	2.07	2.49	2.15	1.88	2.34	2.70	2.26	1.83	2.51	2.69
Depreciation	2.06	1.64	2.06	2.12	2.32	1.78	1.89	2.00	2.14	1.73	2.17	2.17
Profit before tax	1.84	8.12	10.25	22.17	-2.13	6.43	13.26	22.77	-4.23	7.72	20.94	10.53
Tax %	-48.37%	21.18%	23.51%	24.00%	30.52%	21.46%	27.45%	27.84%	72.34%	15.93%	22.68%	18.80%
Net Profit	2.73	6.40	7.83	16.85	-1.47	5.06	9.61	16.43	-1.17	6.50	16.20	8.55
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
Sales	385	433	669	475	605	709	719	982	1,060	1,143	1,100	1,022	1,229
Sales Growth %	22.57%	12.51%	54.48%	-28.94%	27.35%	17.2%	1.35%	36.62%	7.95%	7.78%	-3.72%	-7.11%	%
Expenses	356	405	632	445	562	649	684	935	1,019	1,092	1,058	988	1,172
Material Cost %	84.05%	85.2%	84.65%	78.5%	76.72%	73.03%	78.34%	76.15%	82.96%	82.74%	82.98%	81.42%	%
Manufacturing Cost %	1.76%	1.97%	2.1%	3.42%	4.34%	3.3%	5.93%	7.88%	7.49%	7.62%	7.79%	9.19%	%
Employee Cost %	4.28%	4.97%	5.44%	9.78%	10.13%	8.88%	8.12%	4.81%	3.65%	2.92%	3.13%	3.88%	%
Other Cost %	2.51%	1.33%	2.25%	1.86%	1.68%	6.33%	2.7%	6.36%	2.04%	2.3%	2.21%	2.2%	%
Operating Profit	28	28	37	31	43	60	35	47	41	51	43	34	57
OPM %	7%	7%	6%	6%	7%	8%	5%	5%	4%	4%	4%	3%	5%
Other Income	2	1	1	8	6	1	1	1	16	2	16	25	-4
Interest	7	8	13	8	10	10	10	8	9	6	12	13	9
Depreciation	3	2	4	4	5	6	7	7	11	8	8	8	8
Profit before tax	21	18	21	26	34	45	20	33	37	39	38	38	35
Tax %	0%	3%	4%	10%	4%	8%	32%	17%	7%	14%	22%	22%
Net Profit	20	18	20	23	33	41	13	27	34	33	30	30	30
EPS in Rs		9.42	10.41	11.94	16.97	21.33	6.84	14.04	17.85	17.13	16.15	16.02
Dividend Payout %	0%	16%	14%	16%	12%	7%	14%	7%	6%	11%	0%	0%

Compounded Sales Growth

10 Years:: 8.97%
5 Years:: 7.29%
3 Years:: -1.21%
TTM:: 22.91%

Compounded Profit Growth

10 Years:: 6.57%
5 Years:: 20.24%
3 Years:: -0.93%
TTM:: 1.52%

Return on Equity

10 Years:: 9.19%
5 Years:: 8.27%
3 Years:: 7.79%
TTM:: 7.53%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Sep 2018
Share Capital	7	18	19	19	19	19	19	19	19	19	18	19	19
Equity Capital	6.52	18.36	19.08	19.08	19.08	19.08	19.08	19.08	19.08	19.08	18.43	18.68
Reserves	74	151	193	212	240	278	286	325	338	378	416	439	441
Borrowings	90	99	135	117	215	188	185	269	178	155	199	189	219
Other Liabilities	52	36	102	45	103	51	136	188	210	257	170	186	422
Trade Payables	48.19	29.7	92.24	33.14	88.75	30.07	124.73	174.06	198.77	251.41	154.43	177	376.96
Total Liabilities	223	305	449	393	578	536	625	801	745	810	803	833	1,101
Fixed Assets	17	16	26	25	35	41	42	44	35	31	33	32	36
Gross Block	30.5	32.37	45.93	49.41	63.51	75.53	83.64	91.3	93.82	96.6	106.27	111.5
Accumulated Depreciation	13.75	16	19.98	23.95	28.81	34.47	41.47	47.48	58.96	65.85	72.89	79.87
CWIP	0	1	3	5	6	0	1	0	0	5	0	3	0
Investments	1	47	51	52	101	107	105	105	125	131	152	129	114
Other Assets	205	240	369	310	436	388	477	652	585	643	618	669	951
Inventories	97.4	95.91	191.6	152.17	161.94	200.3	209.75	248.26	212.99	220.21	182.52	265.98	438.19
Trade receivables	94.57	101.56	136.79	117.57	217.44	147.09	230.21	349.72	321.39	331.11	326.95	314.64	421.23
Cash Equivalents	1.44	7.48	21.28	25.92	34.57	15.59	13.2	12.59	23.08	49.31	53.85	28.72	27.97
Loans n Advances	11.07	35.53	19.55	14.66	13.11	12.42	12.08	28.18	10.73	23.04	52.07	56.19	17.1
Total Assets	223	305	449	393	578	536	625	801	745	810	803	833	1,101

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Cash from Operating Activity	-23	-20	50	39	-12	37	22	-58	127	79	-4	-22
Profit from operations	30.89	28.55	36.92	34.69	51.42	65.77	32.57	48.71	57.89	51.63	54.4	65.38
Working Capital Changes	-53.3	-45.85	15.34	5.75	-60.64	-19.66	-5.12	-100.62	77.71	35.99	-49.89	-77.85
Taxes paid	-0.2	-2.58	-2.01	-1.82	-2.98	-8.86	-5.06	-6.11	-8.76	-8.85	-8.36	-9.92
Cash from Investing Activity	-3	-48	-11	-7	-64	-0	-11	-9	-21	-16	-21	12
Fixed Assets Purchased	-1.83	-3.02	-10.66	-6.6	-15.3	-6.79	-7.17	-8.79	-3.84	-9.4	-6.28	-9.98
Fixed Assets Sold	0.25	0.2	0.07	0.23	0.12	0.39	0.44	0.78	0.59	0.74	0.14	0.27
Investments purchased	0	-71.72	0	-1.03	-35.74	-2.98	0	0	-40.83	-26.92	-48.79	-54.28
Investments sold	0	61	11.72	0	25.97	11.03	1.62	0	26.19	16.4	32.38	74.71
Cash from Financing Activity	25	74	-26	-27	84	-44	-14	65	-94	-38	30	-15
Proceeds from Shares	0	74.62	3.57	0	1.9	0	0	0	0	0	0	0
Proceeds from Borrowings	33.46	7.05	0	0	96.5	0	0	0	0	-25.22	37.68	1.8
Repayment of Borrowings	0	0	-13.08	-15.77	0	-29.11	-0.76	75.27	-82.71	0	0	-2.35
Interest Paid	-8.12	-7.63	-13.27	-8.05	-10.38	-12.82	-9.63	-8.11	-9.2	-6.33	-7.96	-9.05
Dividends Paid	0	0	-3.21	-3.34	-4.45	-4.44	-3.33	-2.23	-2.23	0	0	-0.01
Net Cash Flow	-0	6	13	5	8	-7	-2	-3	11	24	5	-25

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Ratios

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROCE %	19%	12%	11%	10%	11%	11%	6%	7%	8%	8%	9%	9%
Debtor Days	90	86	75	90	131	76	117	130	111	106	108	112
Inventory Turnover	4.27	4.48	4.65	2.77	3.85	3.92	3.51	4.29	4.60	5.28	5.46	4.56

Announcements & News

Recent Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation | Feb. 27, 2019
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot | Feb. 14, 2019
Announcement under Regulation 30 (LODR)-Investor Presentation | Feb. 12, 2019
Results - Financial Results For Quarter Ended December 31, 2018 | Feb. 12, 2019
Board Meeting Intimation for Board Meeting On February 12, 2019 To Consider And Approve Unaudited Financial Results Of The Company For The Third Quarter Ended December 31, 2018. | Feb. 5, 2019

Credit Ratings

Annual Reports

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All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.

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AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153

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