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Renaissance Global Limited
(RGL)
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Rating:65Neutral
Price Target:
₹153.00
▲(15.38% Upside)
Action:Reiterated
Date:09/24/26
The score is driven primarily by mixed financial performance: a sharp FY2026 revenue and margin decline and volatile cash flows weigh on fundamentals, partially offset by an improved, manageable leverage profile. Technicals are a major positive with a strong uptrend and bullish momentum signals. Valuation is neutral-to-slightly supportive at a P/E of ~21.6, but the lack of dividend data limits upside support in this component.
Positive Factors
Manageable Leverage
The improved debt-to-equity ratio indicates a stronger capital structure than in prior years, giving Renaissance Global greater flexibility to manage weaker trading periods. Growing equity and assets further support balance-sheet resilience and reduce the pressure that excessive leverage could place on investment or operations.
Negative Factors
Sharp Revenue Decline
The substantial FY2026 revenue contraction signals weaker demand or execution across the company’s markets and materially reduces near-term operating scale. A decline of this magnitude can make fixed costs harder to absorb, constrain investment capacity, and weaken confidence in the durability of the growth profile.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
The improved debt-to-equity ratio indicates a stronger capital structure than in prior years, giving Renaissance Global greater flexibility to manage weaker trading periods. Growing equity and assets further support balance-sheet resilience and reduce the pressure that excessive leverage could place on investment or operations.
Read all positive factors
Renaissance Global Limited (RGL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.77B
Dividend Yield6.08%
Average Volume (3M)28.43K
Price to Earnings (P/E)17.4
Beta (1Y)1.41
Revenue Growth41.39%
EPS Growth54.19%
CountryIN
Employees719
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)7.88
Shares Outstanding107,447,720
10 Day Avg. Volume15,984
30 Day Avg. Volume28,430
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)0.72
Price to Sales (P/S)0.39
P/FCF Ratio26.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.8
Revenue Forecast (FY)₹2.50B
Renaissance Global Limited Business Overview & Revenue Model
Company Description
Renaissance Global Limited, headquartered in Mumbai, India, and established in 1989, is a significant player in the global jewelry industry. The company specializes in the design, production, and distribution of diamond-studded jewelry, catering t...
Renaissance Global Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.71B | 28.13B | 20.81B | 21.07B | 22.37B | 21.88B |
| Gross Profit | 5.66B | 5.60B | 5.18B | 4.60B | 6.30B | 5.41B |
| EBITDA | 1.93B | 2.37B | 1.67B | 1.68B | 1.78B | 2.00B |
| Net Income | 844.79M | 900.92M | 761.50M | 723.72M | 870.58M | 1.06B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 24.12B | 23.40B | 20.24B | 19.20B | 20.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.03B | 2.03B | 2.42B | 1.87B | 2.39B | 2.58B |
| Total Debt | 0.00 | 6.41B | 6.61B | 6.55B | 6.11B | 7.76B |
| Total Liabilities | -15.44B | 8.69B | 9.17B | 8.75B | 8.93B | 10.76B |
| Stockholders Equity | 15.44B | 15.09B | 13.91B | 11.49B | 10.26B | 9.24B |
Cash Flow | ||||||
| Free Cash Flow | -860.09M | 412.02M | -738.94M | -562.37M | 1.92B | 660.15M |
| Operating Cash Flow | -822.05M | 537.31M | -428.09M | -409.22M | 2.30B | 860.90M |
| Investing Cash Flow | 66.66M | -238.07M | -571.02M | -227.09M | -673.78M | -1.17B |
| Financing Cash Flow | 168.57M | -765.74M | 1.54B | -166.17M | -2.17B | 295.98M |
Renaissance Global Limited Technical Analysis
Negative
132.60
Price Trends
152.10
Negative
134.14
Positive
121.15
Positive
Market Momentum
-3.78
Positive
36.75
Neutral
17.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RGL, the sentiment is Negative. The current price of 132.6 is below the 20-day moving average (MA) of 156.93, below the 50-day MA of 152.10, and above the 200-day MA of 121.15, indicating a neutral trend. The MACD of -3.78 indicates Positive momentum. The RSI at 36.75 is Neutral, neither overbought nor oversold. The STOCH value of 17.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RGL.
Renaissance Global Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹16.45B | 21.66 | ― | ― | 10.72% | 47.65% | |
67 Neutral | ₹8.00B | 6.55 | ― | ― | 21.52% | 20.15% | |
66 Neutral | ₹6.96B | 12.16 | ― | ― | 30.27% | 54.08% | |
65 Neutral | ₹14.77B | 17.41 | ― | 6.08% | 41.39% | 54.19% | |
58 Neutral | ₹6.83B | 8.63 | ― | 0.16% | 16.75% | 26.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹40.87B | 18.98 | ― | 0.41% | 24.14% | 110.35% |
* General Sector Average
IN:RGL
Renaissance Global Limited
137.45
0.90
0.66%
IN:MOTISONS
Motisons Jewellers Ltd
14.46
-2.42
-14.34%
IN:MVGJL
Manoj Vaibhav Gems 'N' Jewellers Limited
163.80
-25.20
-13.33%
IN:RADHIKAJWE
Radhika Jeweltech Ltd
57.84
-25.90
-30.93%
IN:RBZJEWEL
RBZ Jewellers Limited
174.10
26.20
17.71%
IN:TBZ
Tribhovandas Bhimji Zaveri Limited
612.50
433.93
243.00%
Renaissance Global Limited Corporate Events
Renaissance Global Allots 40,000 Shares Under ESOP Scheme
Oct 16, 2026
Renaissance Global Limited has approved the allotment of 40,000 equity shares pursuant to the exercise of employee stock options under its RGL ESOP 2021 scheme. The newly issued shares, with a face value of Rs. 2 each, are fully paid-up and will r...
Renaissance Global Wins IGJA 2024–25 Silver Jewellery Honor
Sep 15, 2026
Renaissance Global Limited has been awarded the IGJA 2024–25 in the Silver Jewellery category by the Gem Jewellery Export Promotion Council at the 52nd India Gem Jewellery Awards in Mumbai. The recognition extends the company’s track...
Renaissance Global Restructures Group to Streamline Global Holdings
Aug 7, 2026
Renaissance Global Limited has approved an internal corporate restructuring of its group companies aimed at simplifying its global corporate footprint and optimizing its cross-border holding structure. The plan involves a share swap to transfer 19...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.