Comprehensive Stock Comparison
Compare Enlight Renewable Energy Ltd (ENLT) vs ReNew Energy Global plc (RNWWW) 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 RNWWW's 19.4% |
| Value | RNWWW | Lower P/E (0.1x vs 156.4x) |
| Quality / Margins | ENLT | 21.4% net margin vs RNWWW's 9.2% |
| Stability / Safety | ENLT | Lower D/E ratio (273.0% vs 5.6%) |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | ENLT | +298.1% vs RNWWW's -93.4% |
| Efficiency (ROA) | RNWWW | 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 renewable energy developer and operator that builds and runs utility-scale wind and solar power projects in India. It makes money primarily by selling electricity through long-term power purchase agreements — with wind and solar generation contributing roughly 80% and 20% of revenue respectively — supplemented by engineering and maintenance services. Its competitive advantage lies in its first-mover scale in India's renewable market, a large project pipeline, and expertise in navigating the country's complex regulatory environment.
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
RNWWW leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). ENLT leads in 1 (Total Returns). 2 tied.
Financial Metrics (TTM)
RNWWW 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 RNWWW's 9.2%. On growth, RNWWW holds the edge at +37.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ENLTEnlight Renewable… | RNWWWReNew 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 0.1x trailing earnings, RNWWW trades at a 100% valuation discount to ENLT's 61.8x P/E.
| Metric | ENLTEnlight Renewable… | RNWWWReNew Energy Glob… |
|---|---|---|
| Market CapShares × price | $8.9B | — |
| Enterprise ValueMkt cap + debt − cash | $13.4B | — |
| Trailing P/EPrice ÷ TTM EPS | 61.80x | 0.06x |
| Forward P/EPrice ÷ next-FY EPS est. | 156.37x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 32.42x | — |
| Price / SalesMarket cap ÷ Revenue | 16.67x | — |
| Price / BookPrice ÷ Book value/share | 4.49x | 0.00x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
RNWWW 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 RNWWW's 5.59x.
| Metric | ENLTEnlight Renewable… | RNWWWReNew 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 $34 for RNWWW. Over the past 12 months, ENLT leads with a +298.1% total return vs RNWWW's -93.4%. The 3-year compound annual growth rate (CAGR) favors ENLT at 60.5% vs RNWWW's -75.0% — a key indicator of consistent wealth creation.
| Metric | ENLTEnlight Renewable… | RNWWWReNew Energy Glob… |
|---|---|---|
| YTD ReturnYear-to-date | +41.0% | +4.3% |
| 1-Year ReturnPast 12 months | +298.1% | -93.4% |
| 3-Year ReturnCumulative with dividends | +313.3% | -98.4% |
| 5-Year ReturnCumulative with dividends | +3330.6% | -99.7% |
| 10-Year ReturnCumulative with dividends | +3330.6% | -99.7% |
| CAGR (3Y)Annualised 3-year return | +60.5% | -75.0% |
Risk & Volatility
RNWWW is the less volatile stock with a -0.16 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 RNWWW's 3.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ENLTEnlight Renewable… | RNWWWReNew Energy Glob… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.73x | -0.16x |
| 52-Week HighHighest price in past year | $81.28 | $0.19 |
| 52-Week LowLowest price in past year | $14.01 | $0.00 |
| % of 52W HighCurrent price vs 52-week peak | +82.7% | +3.8% |
| RSI (14)Momentum oscillator 0–100 | 65.8 | 44.1 |
| Avg Volume (50D)Average daily shares traded | 90K | 13K |
Analyst Outlook
| Metric | ENLTEnlight Renewable… | RNWWWReNew Energy Glob… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | — |
| Price TargetConsensus 12-month target | $55.75 | — |
| # AnalystsCovering analysts | 7 | — |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 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… (RNWWW) | 100 | 0.8 | -99.2% |
Enlight Renewable E… (ENLT) returned +3.3K% over 5 years vs ReNew Energy Global… (RNWWW)'s -100%. 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… (RNWWW) | $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… (RNWWW) | 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… (RNWWW) | 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 RNWWW: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is ENLT or RNWWW a better buy right now?
ReNew Energy Global plc (RNWWW) offers the better valuation at 0.1x trailing P/E, 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 RNWWW?
On trailing P/E, ReNew Energy Global plc (RNWWW) is the cheapest at 0.1x versus Enlight Renewable Energy Ltd at 61.8x.
03Which is the better long-term investment — ENLT or RNWWW?
Over the past 5 years, Enlight Renewable Energy Ltd (ENLT) delivered a total return of +33.3%, compared to -99.7% for ReNew Energy Global plc (RNWWW). 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 RNWWW's -99.7%. 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 RNWWW?
By beta (market sensitivity over 5 years), ReNew Energy Global plc (RNWWW) is the lower-risk stock at -0.16β versus Enlight Renewable Energy Ltd's 0.73β — meaning ENLT is approximately -566% more volatile than RNWWW 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 RNWWW?
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: RNWWW leads at 53.5% versus 46.6% for ENLT. At the gross margin level — before operating expenses — RNWWW 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.
06Which pays a better dividend — ENLT or RNWWW?
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.
07Is ENLT or RNWWW better for a retirement portfolio?
For long-horizon retirement investors, ReNew Energy Global plc (RNWWW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.16)). Both have compounded well over 10 years (RNWWW: -99.7%, 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.
08What are the main differences between ENLT and RNWWW?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: ENLT is a small-cap quality compounder stock; RNWWW is a small-cap deep-value stock. 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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