Renaissance Global Limited (RGL)

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Renaissance Global Limited (RGL) · mywealthgrid

About

Renaissance Global Limited operates in the gems, jewellery and watches segment within consumer durables. At ₹1,321 Cr market cap with 6.95% operating margins, it is a scaled business in a discretionary sector. Trading at PE 12.11 with 6.21% ROE, the company generates positive earnings across all quarters though with significant volatility.

Face value: ₹2

Market cap

₹1,745 Cr

P/E

16.0×

P/B

1.2×

Dividend yield

ROE

6.2%

ROCE

10.3%

Debt / equity

0.33

OPM

EPS (TTM)

₹10.2

Book value

₹140.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Volatile profitability: net profit swung from ₹1.21 Cr to ₹33.21 Cr across recent quarters, exposing the business to demand cycles
Thin operating margins: OPM of 6.95%, with recent quarters ranging 4.62–7.48%, limit pricing power and leave little cushion for cost pressures
Low capital efficiency: ROE of 6.21%; verify if this reflects weak returns compared to peer jewelers and consumer durables companies
Dividend pause: no dividends since 2022 despite a history through then; verify what business change or capital need shifted this

Generated analysis · source review pending

Growth drivers

Low debt (D/E 0.33) provides headroom for capital deployment or strategic acquisitions to scale the business
1y return of 10.16% and stock near 52w high (₹123.03 vs ₹145.8) suggests recovery phase; verify if demand is entering an upcycle in jewelry/watches
OPM of 6.95% below recent highs (7.48% in Mar 2026); verify if operational improvements or scale can restore margins

Generated analysis · source review pending

1,844 historical price candles were omitted because the exchange source has not been verified.

₹162.5-1.1%1Y

Quick read

rule-based

Pros

+Profit CAGR of 16.2% over the last 5 years
+High promoter holding of 62% with no pledge

Cons

−Low return on equity of 6.3% (3-yr avg)
−Thin operating margin of 7%
−Modest revenue growth of 6.7% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 26
Growth: 59
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,502	2,031	2,190	2,237	2,107	2,081	2,813
COGS	2,028	1,644	1,622	1,607	1,462	1,407	2,099
Gross profit	474	387	568	630	645	674	714
	311	288	386	468	488	515	519
	163	99	182	162	158	159	195
OPM %	6.5%	4.9%	8.3%	7.2%	7.5%	7.7%	7%
Depreciation	31	31	35	32	30	30	33
Interest	30	25	29	41	52	52	47
	4	12	19	6	10	8	-3
Profit before tax	106	55	136	94	85	85	112
Tax	18	13	30	7	12	12	21
Tax %	16.9%	23.5%	22%	7.4%	13.8%	13.5%	19.1%
	88	42	106	87	74	74	90
PAT margin %	3.5%	2.1%	4.9%	3.9%	3.5%	3.5%	3.2%
EPS (₹)	47.1	22.8	56.5	9.2	7.6	7.7	9.5
EPS adjusted (₹)	9.4	4.6	11.2	9.2	7.5	7.1	8.4
	0%	19.8%	15%	0%	0%	0%	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	19	18	19	19	19	19	19	19	19	21	21
Reserves	442	443	530	646	681	824	905	1,007	1,129	1,370	1,487
Minority interest	—	—	0	0	0	—	0	1	—	31	35
	251	251	347	560	516	498	562	462	510	516	490
	314	314	328	428	356	305	514	431	365	402	378
Total equity & liabilities	1,027	1,027	1,225	1,654	1,571	1,645	2,000	1,920	2,024	2,340	2,412
	61	61	49	82	71	54	82	258	258	306	182
CWIP	5	5	3	0	0	0	9	2	1	0	1
Investments	36	38	65	23	71	79	74	99	119	100	113
	924	923	1,108	1,548	1,430	1,513	1,835	1,561	1,645	1,933	2,116
Total assets	1,027	1,027	1,225	1,654	1,571	1,645	2,000	1,920	2,024	2,340	2,412

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	18.9%	19.1%	25.9%	28.2%	30.6%	32.4%	25.4%
EBITDA margin %	6.5%	4.9%	8.3%	7.2%	7.5%	7.7%	7%
EBIT margin %	5.3%	3.4%	6.7%	5.8%	6%	6.2%	5.8%
PAT margin %	3.5%	2.1%	4.9%	3.9%	3.5%	3.5%	3.2%
Working capital
Receivable days	59	68	75	73	84	124	109
Inventory days	147	188	211	196	242	250	164
Payable days	0	0	0	51	46	50	24
NWC days	206	256	286	217	279	324	249
Leverage
Current ratio	1.85	2.22	1.92	2.25	2.4	2.56	3.01
Debt to EBITDA	3.18	5.01	3.1	2.85	3.24	3.24	2.51
Debt to equity	0.74	0.59	0.61	0.45	0.44	0.37	0.33
Interest coverage	4.7	3.4	5.7	3.3	2.6	2.6	3.6
Asset turnover	1.59	1.23	1.09	1.17	1.04	0.89	1.17
Return ratios
Return on assets %	5.6%	2.6%	5.3%	4.5%	3.6%	3.1%	3.7%
Return on capital employed %	17.1%	9.5%	16%	11.8%	10.9%	9.5%	10.3%
Return on equity %	12.5%	5%	11.5%	8.5%	6.4%	5.3%	6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.55%	69.55%	69.55%	67.46%	65.59%	58.83%	58.97%	62.49%	61.89%	61.7%	61.7%	61.95%
	1.7%	1.66%	0.92%	0.76%	0.85%	0.77%	1.2%	1.12%	1.25%	2.25%	2.02%	4.15%
	0.12%	0.12%	0%	0%	0.13%	0.11%	0.45%	0.43%	0.43%	0.22%	0%	0.14%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	28.63%	28.67%	29.53%	31.78%	33.43%	40.29%	39.38%	35.96%	36.43%	35.83%	36.28%	33.76%
No. of shareholders	—	—	—	—	—	—	—	—	20,544	20,799	25,824	23,555

Promoter holding down 7.6 percentage points since Sep 2023.

4 disclosures

Person	Deal	Shares	Value	Holding	Filed
Niranjan Amritlal ShahPromoters	BuyMarket Purchase	18,480	₹22.15 L	0.01% → 0.03%	19 Sept 20257(2)
Niranjan Amritlal ShahPromoters	BuyMarket Purchase	10,865	₹12.97 L

102 deals · 22 Feb 2024 – 26 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	29,17,206	₹149.43	₹43.59 Cr
26 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	29,17,206	₹149.33	₹43.56 Cr
26 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	17,02,359	₹148.47	₹25.27 Cr
26 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	17,02,359	₹148.56	₹25.29 Cr
26 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	15,00,216	₹148.86	₹22.33 Cr
26 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	14,89,966	₹148.66	₹22.15 Cr
26 Aug 2026	IRAGE BROKING SERVICES LLP	Bulk	NSE	Buy	8,13,517	₹149.05	₹12.13 Cr
26 Aug 2026	IRAGE BROKING SERVICES LLP	Bulk	NSE	Sell	7,59,498	₹148.92	₹11.31 Cr
26 Aug 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Buy	6,57,969	₹149.90	₹9.86 Cr
26 Aug 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Sell	6,57,969	₹149.97	₹9.87 Cr

1–10 of 102

1 / 11

Mr. Sumit Niranjankumar ShahNon-Executive - Non Independent Director-Chairperson related to Promoter
Dilip B JoshiChief Financial Officer
Mr. Hitesh Mahendrakumar ShahNon-Executive - Non Independent Director
Mr. Neville Rustom TataExecutive Director
Mr. Darshil Atul ShahExecutive Director-MD
Mr. Bijou KurienNon-Executive - Independent Director
Mr. Deepak Prabhakar ChindarkarNon-Executive - Independent Director
Mrs. Rupal Dhiren JhaveriNon-Executive - Independent Director
Mr. Rahul Rama NarangNon-Executive - Independent Director
Mr. Vishal DhokarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Renaissance Global Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

12

Final dividend19 Jul 2022 · ex-date₹3
Interim dividend17 Feb 2022 · ex-date₹5.5
Interim dividend22 Mar 2021 · ex-date₹4.5
Interim dividend22 Mar 2016 · ex-date₹2
Final dividend14 Sept 2015 · ex-date₹1
Final dividend2 Sept 2014 · ex-date₹1
Final dividend20 Aug 2013 · ex-date₹1
Dividend dividend28 Aug 2012 · ex-date₹1.5
Dividend dividend26 Aug 2011 · ex-date₹2
Final dividend13 Aug 2010 · ex-date₹2
Dividend dividend17 Aug 2009 · ex-date₹1.5
Dividend dividend26 Aug 2008 · ex-date₹1.5

1

Board meeting to consider results7 Aug 2026

1

Face value ₹10 → ₹219 Jul 2022 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

28 Sept 2026, 7:25 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	18.9%	19.1%	25.9%	28.2%	30.6%	32.4%	25.4%
EBITDA margin %	6.5%	4.9%	8.3%	7.2%	7.5%	7.7%	7%
EBIT margin %	5.3%	3.4%	6.7%	5.8%	6%	6.2%	5.8%
PAT margin %	3.5%	2.1%	4.9%	3.9%	3.5%	3.5%	3.2%
Working capital
Receivable days	59	68	75	73	84	124	109
Inventory days	147	188	211	196	242	250	164
Payable days	0	0	0	51	46	50	24
NWC days	206	256	286	217	279	324	249
Leverage
Current ratio	1.85	2.22	1.92	2.25	2.4	2.56	3.01
Debt to EBITDA	3.18	5.01	3.1	2.85	3.24	3.24	2.51
Debt to equity	0.74	0.59	0.61	0.45	0.44	0.37	0.33
Interest coverage	4.7	3.4	5.7	3.3	2.6	2.6	3.6
Asset turnover	1.59	1.23	1.09	1.17	1.04	0.89	1.17
Return ratios
Return on assets %	5.6%	2.6%	5.3%	4.5%	3.6%	3.1%	3.7%
Return on capital employed %	17.1%	9.5%	16%	11.8%	10.9%	9.5%	10.3%
Return on equity %	12.5%	5%	11.5%	8.5%	6.4%	5.3%	6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

Date	Category	Subject	Filing
28 Sept 2026, 7:25 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 6:28 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
18 Sept 2026, 9:40 pm	AGM/EGM AGM	RGL AGM 2026 Voting Results Under Reg. 44(3)	PDF
18 Sept 2026, 9:28 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
18 Sept 2026, 9:21 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
15 Sept 2026, 5:15 pm	Company Update General	Renaissance Global Limited Honored With IGJA 2024-25 In Silver Jewellery Category At The 52Nd India Gem & Jewellery Awards	PDF
1 Sept 2026, 7:41 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
1 Sept 2026, 6:58 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5	-34	-296	202	119	88	230	-41	-1	54
	-58	22	-9	-71	59	-119	-67	-23	-86	-24
	71	-7	277	-76	-78	31	-217	-17	142	-77
Net cash flow	19	-19	-29	56	100	1	-54	-80	54	-47
Free cash flow	-12	-46	-345	194	112	68	192	-56	-32	41
CFO / Operating profit %	—	—	—	124.4%	119.2%	48.6%	142.3%	-26%	-0.8%	27.5%

Renaissance Global Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

12

1

1

Announcements

12

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Renaissance Global Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends12

Board meetings1

Stock splits1

Announcements

Dividends12

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

12

1

1

12

1

1