Renaissance Global Limited (RGL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Renaissance Global Limited stock ₹46.32, price ₹146, that is 68.2% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range ₹81.20 – ₹201.40 · fair‑value band ₹41.83 – ₹73.30 · the ₹145.75 price screens above the ₹46.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Renaissance Global Limited, together with its subsidiaries, manufactures, retails, and trades in jewelry, gems, and diamonds in India and internationally. The company offers gold and diamond studded jewelry. It also trades in cut and polished diamonds, and gems.
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The company sells its products under the Enchanted Disney Fine Jewelry, Hallmark Fine Jewelry, and Irasva Fine Jewelry brands. It serves department stores, independent designers, mall-based jewellers, TV and internet retailers, and wholesalers. The company exports its products.
The company was formerly known as Renaissance Jewellery Limited and changed its name to Renaissance Global Limited in March 2019. Renaissance Global Limited was incorporated in 1989 and is based in Mumbai, India.
Stock analysis
Renaissance Global Limited (RGL) currently trades at ₹145.75, while our model-based Fair Value estimate is ₹46.32, 68% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹104.37 per share, and 1 of the 22 models we run sit above the ₹145.75 price.
Bear case: the Growth Earnings group reads lowest at ₹20.01, and 21 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹41.83 (bear) to ₹73.30 (bull), the price of ₹145.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Renaissance Global Limited reported revenue of ₹13.9B in FY2026 versus ₹21.9B in FY2022, a compound −10.8%/yr. Reported net income was ₹126M in FY2026, compounding −41.2%/yr from FY2022.
Key figures
Market cap ₹15.6B (≈ $167M) Micro · P/E ratio 19.5 · P/S ratio 0.51 · EPS (TTM) ₹7.46 · Net margin 3.6% · Return on equity 6.1% · Return on assets (EBIT) 8.9% (5-year average) · Operating margin 5.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at −68%, RGL screens richer than that median.
Fair Value models
Bear₹41.83Fair Value ₹46.32Bull₹73.30
Price ₹145.75 · Downside -68.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹4.56 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF₹44.56₹54.77₹66.8482
Growth DCF₹45.07₹54.45₹65.0480
Owner Earnings₹24.69₹30.30₹36.9378
All 22 models by family
DCF Models
FCF DCF₹44.56₹54.77₹66.8482
Owner Earnings₹24.69₹30.30₹36.9378
5Y Revenue Exit₹57.87₹85.60₹120.6473
5Y EBITDA Exit₹67.48₹102.26₹142.0275
5Y P/E Exit₹30.59₹38.33₹46.0572
10Y Revenue Exit₹49.45₹69.37₹92.9067
10Y EBITDA Exit₹55.63₹78.32₹104.9869
10Y P/E Exit₹37.20₹43.98₹50.7465
Earnings-Based
Graham-Dodd₹7.98₹15.99₹20.1066
EPV₹49.21₹54.49₹58.6974
Multiples
P/E Multiple₹19.36₹25.81₹32.2763
P/S Multiple₹14.96₹19.95₹24.9358
P/B Multiple₹391.23₹521.64₹652.0555
EV/EBIT₹57.97₹95.38₹132.8064
EV/EBITDA₹48.55₹82.82₹117.0965
EV/Revenue₹21.39₹53.81₹86.2450
Asset-Based
NCAV (Graham)₹68.88₹104.37₹130.4654
Growth DCF
Growth DCF₹45.07₹54.45₹65.0480
Rev-Margin DCF₹57.87₹86.37₹117.2273
Economic Profit
Residual Income₹66.27₹73.51₹82.8976
ROIC Compounder₹49.21₹54.49₹58.6972
Growth Earnings
Growth-Adj P/E₹14.01₹20.01₹26.0167
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−33.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.3%
Start year 2021 (pandemic). Over 10 years: +0.5% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−34.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−34.1% vs −12.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 7%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +30.4% a year for the price.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Luxury Goods · 121 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−68.2% · Bottom 25%
Profitability
Return on equity (12 months)6.1% · Below median
Return on assets0.5% · Bottom 25%
Net margin (12 months)3.6% · Below median
Operating margin (12 months)5.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)47.2% · Top 25%
Balance sheet
Debt / equity0.04× · Above median
Valuation Multiplesvs Luxury Goods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Renaissance Global Limited Fair Value". https://www.fairvalue-calculator.com/stock/RGL
Frequently asked questions
Is Renaissance Global Limited (RGL) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ₹46.32 versus a price of ₹145.75, about 68% lower (overvalued).
What is the fair value of RGL?
Our model-based fair value for Renaissance Global Limited is ₹46.32 (as of Nov 4, 2026), built from audited fundamentals. The current price: ₹145.75.
What is the quality score of RGL?
Renaissance Global Limited has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Renaissance Global Limited (RGL)?
Our model-based price target is the fair value of ₹46.32 (as of Nov 4, 2026) from 22 valuation models. Cautious scenario ₹41.83, optimistic scenario ₹73.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Renaissance Global Limited stock forecast for 2026?
Our models put fair value at ₹46.32, about 68% lower versus a price of ₹145.75 (overvalued). Cautious scenario ₹41.83, optimistic scenario ₹73.30. The calculation is refreshed regularly with new filings.
What is the revenue of Renaissance Global Limited (RGL)?
Renaissance Global Limited reported trailing-twelve-month revenue of about ₹30.6B (latest available figure, as of Nov 4, 2026).
What growth is priced into Renaissance Global Limited (RGL)?
For today's price to be fair in a discounted-cash-flow model, Renaissance Global Limited would have to grow free cash flow by +35.8 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of RGL use?
Our models discount Renaissance Global Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.27, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Renaissance Global Limited that is +35.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Renaissance Global Limited (RGL) delivered so far?
Over the past 5 years revenue at Renaissance Global Limited grew -7.3 % a year. The price currently implies free-cash-flow growth of +35.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Renaissance Global Limited (RGL) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Renaissance Global Limited (+35.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Renaissance Global Limited (RGL)?
The free-cash-flow yield on the price is 2.63 %: that much free cash flow Renaissance Global Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Renaissance Global Limited (RGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Renaissance Global Limited it is ₹46.32 per share (as of Nov 4, 2026), against a price of ₹145.75. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Renaissance Global Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, RGL trades above its calculated fair value: price ₹145.75, fair value ₹46.32, a gap of about −68% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RGL?
No. The price is what the market pays today (₹145.75); the fair value is what the company's own numbers justify (₹46.32). For Renaissance Global Limited the two are ₹99.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Renaissance Global Limited worth?
The market values Renaissance Global Limited at about ₹15.6B (market capitalisation, as of Nov 4, 2026). Per share that is ₹145.75; our models calculate a fair value of ₹46.32 per share.
What do the bullish and bearish scenarios say about RGL?
Our models span a range for Renaissance Global Limited: cautious scenario ₹41.83, base ₹46.32, optimistic ₹73.30 per share (as of Nov 4, 2026, price ₹145.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RGL?
Renaissance Global Limited trades at a price-to-earnings ratio of 19.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹46.32 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.5, EV/EBITDA 6.3.
How solid is the balance sheet of Renaissance Global Limited (RGL)?
Balance-sheet figures for Renaissance Global Limited (as of Nov 4, 2026): return on equity 6.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is RGL from its 52-week high?
Renaissance Global Limited trades at ₹145.75, about 15% below its 52-week high of ₹170.48 and 69% above the low of ₹86.18 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹46.32 is for.
Which stocks are comparable to Renaissance Global Limited?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Tapestry, Inc, Chow Tai Fook Jewellery Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Renaissance Global Limited stock attractive at the current price?
The data as of Nov 4, 2026: price ₹145.75, calculated fair value ₹46.32 (−68%), Quality Score 37/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RGL calculated?
We run Renaissance Global Limited through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹46.32 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Renaissance Global Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Renaissance Global Limited (RGL)?
The closing price on Nov 6, 2026 was ₹145.75. Our model-based fair value is ₹46.32, about 68% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Renaissance Global Limited right now?
The price sits above even our optimistic bull case (₹73.30). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Renaissance Global Limited (RGL) come from?
Earnings per share at Renaissance Global Limited grew +1.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +2.9 %, EBIT margin +6.0 %, tax rate +0.4 %, residual (interest, one-offs) −7.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Renaissance Global Limited
How large is the market capitalisation of Renaissance Global Limited (RGL)?
The market capitalisation of Renaissance Global Limited is ₹15.6B (≈ $167M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Renaissance Global Limited (RGL)?
The price-to-sales ratio of Renaissance Global Limited is 0.51 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Renaissance Global Limited (RGL)?
Earnings per share at Renaissance Global Limited are ₹7.46 (price ÷ EPS = P/E 19.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Renaissance Global Limited (RGL)?
The net margin of Renaissance Global Limited is 3.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Renaissance Global Limited (RGL)?
The return on equity (ROE) of Renaissance Global Limited is 6.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Renaissance Global Limited (RGL)?
On an EBIT basis the return on assets of Renaissance Global Limited is 8.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Renaissance Global Limited (RGL)?
The operating margin of Renaissance Global Limited is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Renaissance Global Limited (RGL)?
Revenue at Renaissance Global Limited is growing +47.2% versus a year earlier (3y avg −14.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Renaissance Global Limited (RGL)?
Earnings per share at Renaissance Global Limited are growing +302% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Renaissance Global Limited (RGL) carry?
The net debt of Renaissance Global Limited is ₹5.8B (fiscal year 2026, ≈ 14.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 4, 2026