Comprehensive Stock Comparison
Compare Enlight Renewable Energy Ltd (ENLT) vs ReNew Energy Global Plc (RNW) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | ENLT | 320.6% revenue growth vs RNW's 19.4% |
| Value | RNW | Lower P/E (0.4x vs 156.4x) |
| Quality / Margins | ENLT | 21.4% net margin vs RNW's 9.2% |
| Stability / Safety | RNW | Beta 0.52 vs ENLT's 0.73 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | ENLT | +298.1% vs RNW's -12.4% |
| Efficiency (ROA) | RNW | 1.2% ROA vs ENLT's 0.6%, ROIC 4.9% vs 4.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Enlight Renewable Energy is a renewable energy developer and operator that builds and manages utility-scale wind, solar, and energy storage projects. It generates revenue primarily through long-term power purchase agreements — selling electricity to utilities and corporate off-takers — with additional income from asset management services. The company's competitive advantage lies in its integrated development-to-operation platform and its early-mover position in Israel's renewable energy market, which provides deep local expertise and regulatory knowledge.
ReNew Energy Global is a leading Indian renewable energy company that develops, builds, owns, and operates utility-scale wind and solar power projects. It generates revenue primarily through long-term power purchase agreements — selling electricity to utilities and commercial customers — supplemented by engineering and maintenance services. The company's competitive advantage lies in its massive scale as India's largest renewable energy developer, with a diversified portfolio across wind and solar that benefits from India's ambitious clean energy transition.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
RNW leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). ENLT leads in 1 (Total Returns). 2 tied.
Financial Metrics (TTM)
RNW is the larger business by revenue, generating $129.7B annually — 169.2x ENLT's $766M. ENLT is the more profitable business, keeping 21.4% of every revenue dollar as net income compared to RNW's 9.2%. On growth, RNW holds the edge at +37.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ENLTEnlight Renewable… | RNWReNew Energy Glob… |
|---|---|---|
| RevenueTrailing 12 months | $766M | $129.7B |
| EBITDAEarnings before interest/tax | $684M | $86.9B |
| Net IncomeAfter-tax profit | $164M | $12.0B |
| Free Cash FlowCash after capex | -$4.1B | -$23.8B |
| Gross MarginGross profit ÷ Revenue | +54.4% | +77.9% |
| Operating MarginEBIT ÷ Revenue | +58.0% | +48.4% |
| Net MarginNet income ÷ Revenue | +21.4% | +9.2% |
| FCF MarginFCF ÷ Revenue | -5.3% | -18.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.6% | +37.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +6.7% | +94.8% |
Valuation Metrics
At 46.0x trailing earnings, RNW trades at a 26% valuation discount to ENLT's 61.8x P/E. On an enterprise value basis, RNW's 11.2x EV/EBITDA is more attractive than ENLT's 32.4x.
| Metric | ENLTEnlight Renewable… | RNWReNew Energy Glob… |
|---|---|---|
| Market CapShares × price | $8.9B | $1.4B |
| Enterprise ValueMkt cap + debt − cash | $13.4B | $9.0B |
| Trailing P/EPrice ÷ TTM EPS | 61.80x | 46.02x |
| Forward P/EPrice ÷ next-FY EPS est. | 156.37x | 0.36x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 32.42x | 11.23x |
| Price / SalesMarket cap ÷ Revenue | 16.67x | 1.27x |
| Price / BookPrice ÷ Book value/share | 4.49x | 1.40x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
RNW delivers a 8.4% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $3 for ENLT. ENLT carries lower financial leverage with a 2.73x debt-to-equity ratio, signaling a more conservative balance sheet compared to RNW's 5.59x.
| Metric | ENLTEnlight Renewable… | RNWReNew Energy Glob… |
|---|---|---|
| ROE (TTM)Return on equity | +2.6% | +8.4% |
| ROA (TTM)Return on assets | +0.6% | +1.2% |
| ROICReturn on invested capital | +4.8% | +4.9% |
| ROCEReturn on capital employed | +5.8% | +6.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 2.73x | 5.59x |
| Net DebtTotal debt minus cash | $14.1B | $691.9B |
| Cash & Equiv.Liquid assets | $3.0B | $40.4B |
| Total DebtShort + long-term debt | $17.1B | $732.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.38x | 86.76x |
Total Returns (with DRIP)
A $10,000 investment in ENLT five years ago would be worth $343,061 today (with dividends reinvested), compared to $5,036 for RNW. Over the past 12 months, ENLT leads with a +298.1% total return vs RNW's -12.4%. The 3-year compound annual growth rate (CAGR) favors ENLT at 60.5% vs RNW's 8.3% — a key indicator of consistent wealth creation.
| Metric | ENLTEnlight Renewable… | RNWReNew Energy Glob… |
|---|---|---|
| YTD ReturnYear-to-date | +41.0% | -5.8% |
| 1-Year ReturnPast 12 months | +298.1% | -12.4% |
| 3-Year ReturnCumulative with dividends | +313.3% | +27.2% |
| 5-Year ReturnCumulative with dividends | +3330.6% | -49.6% |
| 10-Year ReturnCumulative with dividends | +3330.6% | -49.4% |
| CAGR (3Y)Annualised 3-year return | +60.5% | +8.3% |
Risk & Volatility
RNW is the less volatile stock with a 0.52 beta — it tends to amplify market swings less than ENLT's 0.73 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ENLT currently trades 82.7% from its 52-week high vs RNW's 67.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ENLTEnlight Renewable… | RNWReNew Energy Glob… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.73x | 0.52x |
| 52-Week HighHighest price in past year | $81.28 | $8.24 |
| 52-Week LowLowest price in past year | $14.01 | $5.04 |
| % of 52W HighCurrent price vs 52-week peak | +82.7% | +67.0% |
| RSI (14)Momentum oscillator 0–100 | 65.8 | 54.2 |
| Avg Volume (50D)Average daily shares traded | 90K | 780K |
Analyst Outlook
Wall Street rates ENLT as "Buy" and RNW as "Buy". Consensus price targets imply 18.1% upside for RNW (target: $7) vs -17.1% for ENLT (target: $56).
| Metric | ENLTEnlight Renewable… | RNWReNew Energy Glob… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $55.75 | $6.52 |
| # AnalystsCovering analysts | 7 | 6 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jan 23 | Feb 26 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 100 | 3,007.65 | +2907.7% |
| ReNew Energy Global… (RNW) | 100 | 106.5 | +6.5% |
Enlight Renewable E… (ENLT) returned +3.3K% over 5 years vs ReNew Energy Global… (RNW)'s -50%. A $10,000 investment in ENLT 5 years ago would be worth $343,061 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | $33M | $1.7B | +4921.9% |
| ReNew Energy Global… (RNW) | $13.1B | $97.1B | +642.5% |
Enlight Renewable Energy Ltd's revenue grew from $33M (2016) to $1.7B (2025) — a 54.5% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 11.7% | 27.0% | +131.1% |
| ReNew Energy Global… (RNW) | 2.6% | 3.9% | +51.9% |
Enlight Renewable Energy Ltd's net margin went from 12% (2016) to 27% (2025).
Chart 4P/E Ratio History — 3 Years
| Stock | 2023 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 9.2 | 13.3 | +44.6% |
Enlight Renewable Energy Ltd has traded in a 9x–13x P/E range over 3 years; current trailing P/E is ~62x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 0.03 | 3.42 | +13053.8% |
| ReNew Energy Global… (RNW) | 1.13 | 10.92 | +866.4% |
Enlight Renewable Energy Ltd's EPS grew from $0.03 (2016) to $3.42 (2025) — a 72% CAGR.
Chart 6Free Cash Flow — 5 Years
Enlight Renewable Energy Ltd generated $-5B FCF in 2025 (-10671% vs 2021). ReNew Energy Global Plc generated $-26B FCF in 2024 (+45% vs 2021).
ENLT vs RNW: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is ENLT or RNW a better buy right now?
ReNew Energy Global Plc (RNW) offers the better valuation at 46.0x trailing P/E (0.4x forward), making it the more compelling value choice. Analysts rate Enlight Renewable Energy Ltd (ENLT) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ENLT or RNW?
On trailing P/E, ReNew Energy Global Plc (RNW) is the cheapest at 46.0x versus Enlight Renewable Energy Ltd at 61.8x. On forward P/E, ReNew Energy Global Plc is actually cheaper at 0.4x.
03Which is the better long-term investment — ENLT or RNW?
Over the past 5 years, Enlight Renewable Energy Ltd (ENLT) delivered a total return of +33.3%, compared to -49.6% for ReNew Energy Global Plc (RNW). A $10,000 investment in ENLT five years ago would be worth approximately $13K today (assuming dividends reinvested). Over 10 years, the gap is even starker: ENLT returned +33.3% versus RNW's -49.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ENLT or RNW?
By beta (market sensitivity over 5 years), ReNew Energy Global Plc (RNW) is the lower-risk stock at 0.52β versus Enlight Renewable Energy Ltd's 0.73β — meaning ENLT is approximately 41% more volatile than RNW relative to the S&P 500. On balance sheet safety, Enlight Renewable Energy Ltd (ENLT) carries a lower debt/equity ratio of 3% versus 6% for ReNew Energy Global Plc — giving it more financial flexibility in a downturn.
05Which has better profit margins — ENLT or RNW?
Enlight Renewable Energy Ltd (ENLT) is the more profitable company, earning 27.0% net margin versus 3.9% for ReNew Energy Global Plc — meaning it keeps 27.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNW leads at 53.5% versus 46.6% for ENLT. At the gross margin level — before operating expenses — RNW leads at 91.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is ENLT or RNW more undervalued right now?
On forward earnings alone, ReNew Energy Global Plc (RNW) trades at 0.4x forward P/E versus 156.4x for Enlight Renewable Energy Ltd — 156.0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RNW: 18.1% to $6.52.
07Which pays a better dividend — ENLT or RNW?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is ENLT or RNW better for a retirement portfolio?
For long-horizon retirement investors, ReNew Energy Global Plc (RNW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.52)). Both have compounded well over 10 years (RNW: -49.4%, ENLT: +33.3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between ENLT and RNW?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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