Renaissance Global Limited (RGL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+39.6%

₹194.70

vs ₹139.50 price

Levered DCF

₹113.37

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	12.12×	16.52×	13.93×	8.99×	15.32×	12.91×	4.33×	7.03×
P/B	0.72×	0.89×	0.88×	0.76×	1.75×	0.65×	0.54×	0.89×
P/S	0.39×	0.59×	0.48×	0.35×	0.74×	0.27×	0.15×	0.23×
EV / EBITDA	7.06×	10.45×	9.63×	7.09×	11.03×	8.43×	5.52×	9.7×
Gross margin	19.9%	24.9%	21.8%	28.2%	24.7%	18.1%	18.2%	17.1%
Operating margin	7.3%	6.6%	6.7%	18.2%	6.4%	4.1%	5.2%	4.5%
Net margin	3.2%	3.7%	3.4%	3.9%	4.8%	2.1%	3.5%	3.3%
Current ratio	3.01×	2.56×	2.4×	2.25×	1.92×	2.22×	1.86×	1.55×
Debt / equity	0.43×	0.48×	0.57×	0.6×	0.84×	0.73×	0.93×	0.99×
Interest coverage	3.82×	2.63×	2.72×	7.97×	4.82×	3.35×	4.38×	4.66×
Dividend yield	0.0%	0.0%	0.3%	0.7%	0.6%	1.5%	0.0%	0.1%
Payout ratio	0.0%	0.0%	3.9%	6.5%	9.8%	20.0%	0.0%	0.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.0%	5.5%	6.3%	8.5%	11.4%	5.0%	12.6%	12.6%
Return on invested capital	7.5%	5.7%	6.7%	23.0%	6.4%	4.5%	8.1%	8.9%
Return on assets	3.7%	3.3%	3.6%	4.5%	5.3%	2.6%	5.6%	5.1%
Free cash flow yield	3.8%	-6.0%	-5.6%	24.5%	4.1%	20.1%	51.0%	-58.6%
Earnings yield	8.2%	6.2%	7.2%	11.1%	6.5%	7.7%	23.1%	14.2%
Enterprise value	₹16.8B	₹17.5B	₹16.1B	₹12.6B	₹22.1B	₹9.7B	₹9.4B	₹12.1B
Net debt / EBITDA	2.45×	3.08×	3.61×	2.69×	2.95×	3.68×	3.29×	4.99×
Cash conversion cycle (days)	243	305	263	221	235	233	179	180