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Renaissance Global
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Company History
Renaissance Global Ltd (Formerly known as Renaissance Jewellery Limited) has gained a respectable name in the business of design, manufacture and sale of studded gold, platinum and silver jewellery especially in the USA, which has always been a focal point, being the largest end market. The Company operate through 8 manufacturing units of which 6 units are located at SEEPZ-SEZ at Mumbai, 1 unit is located out of SEZ at Mumbai and one 100% EOU unit at Bhavnagar in Gujarat. The Company has set up a manufacturing facility in Bangladesh in order to manufacture cost effective quality products. portfolio includes rings, earrings, pendants, bracelets, bangles, etc. studded with polished diamonds and other precious stones. 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.
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.
During the financial year 2007-08, Company had two Indian subsidiaries i.e. Verigold Fine Jewellery Pvt. Ltd. (VFJPL) and Renaissance Retail Venture Pvt. Ltd. (RRVPL). The company disinvested its shares in RRVPL and acquired a 100% equity capital of Renaissance Jewellery New York, Inc. (RJNY). It acquired a 100% equity capital of L. J. Creations Pvt. Ltd. on April 15,2008.
During the financial year 2008-09, two Indian subsidiaries of the Company i.e. Verigold Fine Jewellery Pvt. Ltd.(VFJPL) and L. J. Creations Pvt. Ltd got merged with the Company through the Scheme of amalgamation which became effective on March 30, 2009. And hence the Company had only one US subsidiary i.e. Renaissance Jewelery New York Inc. as on March 31, 2009.
During the financial year 2009-10, Company had formed one subsidiary company viz. Verigold Jewellery (UK) Ltd. at London, United Kingdom to access & explore UK & European Market. Also the US based subsidiary, Renaissance Jewelry New York, Inc., entered into a Joint venture with Adrienne Designs, Santa Ana, California viz. Renaissance Adrienne LLC for distribution of gold chains & other Jewellery products. Hence as on March 31, 2010, Company had two foreign subsidiaries viz. Renaissance Jewelry New York, Inc. (RJNY) & Verigold Jewellery (UK) Ltd., London and one step-down subsidiary viz. Renaissance Adrienne LLC, California. The Company formed one subsidiary company viz. Verigold Jewellery (UK) Ltd. at London, United Kingdom to access & explore UK & European Market in FY 2009-10.
During the financial year 2010-11, Company had acquired 100% equity of M/s. N. Kumar Diamond Exports Ltd., a company engaged in the business of import and export of cut and polished diamond along with its wholly owned subsidiary House Full International Ltd., the fastest growing Home retailers in India. As a result of this acquisition, both N. Kumar Diamond Exports Ltd. and House Full International Limited became the wholly owned direct subsidiary and indirect subsidiary respectively of the Company. The Company's maiden manufacturing project in Bangladesh was conceptualized during the financial year 2010-11 and as a result, a wholly owned Subsidiary viz., Renaissance Jewellery Bangladesh Pvt. Ltd. was incorporated on April 13, 2011 to set up the said project.
During F.Y. 2011-12, the Company acquired 100% equity of M/s. Caro Fine Jewellery Pvt. Ltd. and a wholly owned subsidiary viz. Renaissance Jewellery Bangladesh Pvt. Ltd. was incorporated in Bangladesh. The Company disinvested from M/s. Renaissance Realtors Private Limited, its step down subsidiary i.e. subsidiary of N. Kumar Diamond Exports Limited.
The wholly owned subsidiary, Caro Fine Jewellery Pvt. Ltd. got merged with the Company during FY 2012-13, through the Scheme of Amalgamation, which resultantly was made effective on May 14, 2013 with Registrar of Companies, Mumbai. After closure of the financial Year, Company has disinvested from M/s. Renaissance Adrienne LLC, California, its step down subsidiary i.e. subsidiary of Renaissance Jewelry N.Y. Inc. The Company had ventured into a potent business of selling high-end Jewellery to an elite class in the domestic market, through a Limited Liability Partnership (LLP), M/s. Aurelle Jewellery LLP, incorporated under the Limited Liability Partnership Act, 2008 by entering into LLP Agreement with Mr. Vikash Kanoi. Also the Renaissance Jewellery Bangladesh Pvt. Ltd., a wholly owned subsidiary in Bangladesh has commenced its commercial production from April 1, 2013.
During the financial year 2017-18, the wholly owned subsidiaries of the Company, House Full International Limited (HFIL) and N. Kumar Diamond Exports Limited (NKDEL) were merged with Renaissance Global Limited (RGL) (the Company) through the Scheme of Amalgamation approved by Board of Directors of the Company in August, 2017, with Appointed Date, April 1, 2017 and resulting to this, the said Scheme became effective on May 08, 2019.
The name of Company was changed from 'Renaissance Jewellery Limited' to 'Renaissance Global Limited' effective on March 28, 2019.
During the financial year 2021-22, Company through its wholly owned subsidiary in Dubai 'Verigold Jewellery DMCC' (VJDMCC) incorporated a subsidiary and a step down subsidiary in USA namely 'Renaissance D2C Ventures Inc.' and 'Renaissance FMI Inc.', respectively. Besides, Renaissance Jewelry New York Inc., a wholly owned subsidiary in USA, has acquired the business of Everyday Elegance Jewelry (Everyday Elegance) and the Renaissance FMI Inc., a wholly owned subsidiary of the Company has acquired the business (Asset Acquisition) of US based jewellery player Four Mine Inc. during FY 2021-22.
Renaissance Jewellery Bangladesh Pvt. Ltd., wholly owned subsidiary of the Company, ceased to be the wholly owned subsidiary of the Company due to discontinuance of business operations/activities w.e.f. March 12, 2022 .
Renaissance Global Share Price
Renaissance Global share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Renaissance Global Market Cap
Market capitalization of Renaissance Global indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Renaissance Global is valued compared to its competitors.
Renaissance Global PE Ratio
Renaissance Global PE ratio helps investors understand what is the market value of each stock compared to Renaissance Global 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Renaissance Global PEG Ratio
The PEG ratio of Renaissance Global evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Renaissance Global ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Renaissance Global generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Renaissance Global ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Renaissance Global in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Renaissance Global Total Debt
Total debt of Renaissance Global shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Renaissance Global Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Renaissance Global compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Renaissance Global CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Renaissance Global over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Renaissance Global Technical Analysis
Technical analysis of Renaissance Global helps investors get an insight into when they can enter or exit the stock. Key components of Renaissance Global Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Renaissance Global shares often struggle to rise above due to selling pressure.
Renaissance Global Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Renaissance Global ’s financial health and profitability.
Renaissance Global Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Renaissance Global Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Renaissance Global Financials
The financials of Renaissance Global provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Renaissance Global Profit and Loss Statements
The profit and loss statement of Renaissance Global highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Renaissance Global .
Renaissance Global Balance Sheet
The balance sheet presents a snapshot of Renaissance Global ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Renaissance Global Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance/Complaints Email: [email protected]
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