ReNew Energy Global plc (RNWWW) 10-Year Financial Performance & Capital Metrics

RNWWW • • Utilities

UtilitiesRenewable EnergyRenewable Power GenerationSolar & Wind Power Developers

AboutReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.Show more

Revenue $97.06B +19.4%
EBITDA $72.58B +13.8%
Net Income $3.81B +12.0%
Free Cash Flow -$26.09B +69.3%
EBITDA Margin 74.77% -4.7%
Net Margin 3.93% -6.1%
ROE 3.02% +7.0%
Interest Coverage 1.03 -4.1%
Debt/Equity 5.59 +3.7%
Net Debt/EBITDA 9.53 -3.2%
CapEx / Revenue 96.49% -49.0%
CapEx Coverage 0.72 +61.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗High debt to equity ratio of 5.6x
✗Weak 3Y average ROE of 0.6%
✗Weak momentum: RS Rating 1 (bottom 1%)
✗High leverage: 10.1x Debt/EBITDA
✗Weak interest coverage of 1.0x
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y14.93%

3Y17.82%

TTM46.76%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM317.9%

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg9.01%

5Y Avg9.28%

3Y Avg7.25%

Latest6.94%

Peer Comparison

Solar & Wind Power Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CWENClearway Energy, Inc.	3B	35.38	47.17	4.34%	20.01%	4.77%	1.5%	1.39
ENLTEnlight Renewable Energy Ltd	6.63B	50.22	38.63	52.71%	25.72%	1.9%		2.16
RNWReNew Energy Global Plc	1.33B	5.40	0.49	19.36%	6.75%	5.89%		5.59
SUUNPowerBank Corporation	59.72M	1.63	-1.68	-28.86%	-7.46%	-14.99%		3.81
RNWWWReNew Energy Global plc		0.01		19.36%	6.75%	5.89%		5.59

Profit & Loss

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue+	48.41B	48.19B	59.35B	78.22B	81.32B	97.06B
Revenue Growth %	-	-0%	0.23%	0.32%	0.04%	0.19%
Cost of Revenue	530M	426M	324M	6.96B	3.84B	8.59B
Gross Profit+	47.88B	47.76B	59.02B	71.27B	77.47B	88.47B
Gross Margin %	-	-	-	-	-	-
Gross Profit Growth %	-	-0%	0.24%	0.21%	0.09%	0.14%
Operating Expenses+	15.27B	17.49B	15.57B	18.07B	31.25B	36.56B
Other Operating Expenses	-	-	-	-	-	-
EBITDA+	43.99B	43.59B	97.61B	63.04B	63.8B	72.58B
EBITDA Margin %	-	-	-	-	-	-
EBITDA Growth %	-	-0.01%	1.24%	-0.35%	0.01%	0.14%
Depreciation & Amortization+	11.24B	12.03B	13.76B	15.9B	17.58B	20.67B
D&A / Revenue %	-	-	-	-	-	-
Operating Income (EBIT)+	32.75B	31.57B	83.84B	47.14B	46.22B	51.91B
Operating Margin %	-	-	-	-	-	-
Operating Income Growth %	-	-0.04%	1.66%	-0.44%	-0.02%	0.12%
Interest Expense+	33.44B	35.66B	36.45B	50.97B	43.03B	50.37B
Interest Coverage	0.98x	0.89x	2.30x	0.92x	1.07x	1.03x
Interest / Revenue %	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-581M	-5.13B	-12.23B	-2.47B	8.14B	10.03B
Pretax Margin %	-	-	-	-	-	-
Income Tax+	2.2B	2.88B	3.9B	2.56B	4B	5.44B
Effective Tax Rate %	-	-	-	-	-	-
Net Income+	-2.7B	-7.82B	-16.13B	-5.03B	3.4B	3.81B
Net Margin %	-	-	-	-	-	-
Net Income Growth %	-	-1.9%	-1.06%	0.69%	1.68%	0.12%
EPS (Diluted)+	0.00	0.00	0.00	0.00	0.00	0.00
EPS Growth %	-	-	-	-	-	-
EPS (Basic)	0.00	0.00	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0	0	0	0	0	0

Balance Sheet

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets+	479.56B	492.05B	641.34B	748.11B	873.93B	959.8B
Asset Growth %	-	0.03%	0.3%	0.17%	0.17%	0.1%
PP&E (Net)+	350.76B	353.8B	445.09B	544.46B	696.6B	769.57B
PP&E / Total Assets %	-	-	-	-	-	-
Total Current Assets+	84.92B	92.32B	135.21B	111.76B	104.44B	118.38B
Cash & Equivalents	13.09B	20.68B	28.38B	38.18B	27.02B	40.42B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	609M	833M	815M	1.19B	1.69B	4.16B
Other Current Assets	8.72B	2.78B	3.69B	2.22B	977M	8.06B
Long-Term Investments	1.29B	3B	3.25B	5.37B	7.89B	3.89B
Goodwill	11.38B	11.6B	11.6B	11.6B	11.6B	11.6B
Intangible Assets	24.59B	24.81B	28.13B	27B	26.29B	24.62B
Other Assets	5.15B	4.92B	17B	43.21B	21.57B	24.67B
Total Liabilities	400.71B	427.31B	514.97B	628.37B	752.24B	828.69B
Total Debt+	334.13B	351.65B	447.71B	516.43B	655.66B	732.28B
Net Debt	321.04B	330.97B	419.33B	478.25B	628.64B	691.86B
Long-Term Debt	297.41B	308.44B	373.73B	467.29B	565.86B	582.31B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	1.65B	2.11B	3.45B	6.17B	8.35B	9.26B
Total Current Liabilities+	52.73B	60.79B	101.28B	115.84B	142.04B	196.44B
Accounts Payable	3.73B	3.25B	5.61B	6.12B	9.09B	8.17B
Accrued Expenses	2.06B	2.9B	3.86B	3.21B	2.96B	5.41B
Deferred Revenue	39M	100M	11M	11M	11M	1.25B
Other Current Liabilities	528M	1.89B	5.98B	38.35B	42.91B	35.07B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	38.2B	43.41B	24.28B	24.11B	17.96B	17B
Total Equity+	78.85B	64.75B	126.37B	119.74B	121.7B	131.11B
Equity Growth %	-	-0.18%	0.95%	-0.05%	0.02%	0.08%
Shareholders Equity	74.53B	62.08B	118.44B	106.8B	105.22B	112.6B
Minority Interest	4.32B	2.67B	7.93B	12.94B	16.48B	18.51B
Common Stock	3.8B	3.8B	4.81B	4.81B	4.81B	4.81B
Additional Paid-in Capital	67.17B	67.17B	154.05B	154.14B	154.15B	154.2B
Retained Earnings	1.21B	-6.49B	-38.42B	-53.62B	-56.43B	-53.76B
Accumulated OCI	-1.09B	-5.22B	-1.33B	-618M	0	0
Return on Assets (ROA)	-0.01%	-0.02%	-0.03%	-0.01%	0%	0%
Return on Equity (ROE)	-0.03%	-0.11%	-0.17%	-0.04%	0.03%	0.03%
Debt / Equity	4.24x	5.43x	3.54x	4.31x	5.39x	5.59x
Debt / Assets	0.7%	0.71%	0.7%	0.69%	0.75%	0.76%
Net Debt / EBITDA	7.30x	7.59x	4.30x	7.59x	9.85x	9.53x
Book Value per Share	-	-	-	-	-	-

Cash Flow

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	35.09B	32.08B	42.39B	62.57B	68.93B	67.56B
Operating CF Growth %	-	-0.09%	0.32%	0.48%	0.1%	-0.02%
Operating CF / Revenue %	-	-	-	-	-	-
Net Income	-623M	-5.13B	-12.23B	-2.47B	8.14B	10.03B
Depreciation & Amortization	11.24B	12.03B	13.76B	15.9B	17.58B	20.67B
Deferred Taxes	-1.84B	3.07B	-2.97B	-4.12B	0	0
Other Non-Cash Items	32.89B	32.48B	46.74B	48.46B	36.39B	41.23B
Working Capital Changes	-6.65B	-10.57B	-5.32B	2.83B	5.16B	-5.65B
Capital Expenditures+	-39.3B	-24.48B	-89.83B	-83.36B	-153.84B	-93.66B
CapEx / Revenue %	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-
Cash from Investing+	-53.72B	-17.41B	-124.75B	-71.98B	-162.53B	-74.16B
Acquisitions	-762M	3.61B	-11.16B	-3.48B	5.73B	3.59B
Purchase of Investments	-15.87B	1.99B	-309.11B	-254.58B	-443.99B	-363.8B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	54M	26M	1.02B	2.11B	2.86B	4.49B
Cash from Financing+	21.61B	-7.08B	90.04B	19.11B	82.42B	19.98B
Dividends Paid	0	0	-19.61B	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	68B	17.77B	7.63B	20M
Share Repurchases	0	0	-1.31B	-13.28B	-4.82B	0
Other Financing	-32.2B	-35.72B	-34.45B	-43.76B	-53.43B	-56.35B
Net Change in Cash+	2.97B	7.59B	7.7B	9.8B	-11.16B	13.4B
Exchange Rate Effect	0	0	1000K	1000K	1000K	1000K
Cash at Beginning	10.12B	13.09B	20.68B	28.38B	38.18B	27.02B
Cash at End	13.09B	20.68B	28.38B	38.18B	27.02B	40.42B
Free Cash Flow+	-4.21B	7.6B	-47.44B	-20.79B	-84.91B	-26.09B
FCF Growth %	-	2.8%	-7.24%	0.56%	-3.08%	0.69%
FCF Margin %	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.42%	-10.89%	-16.88%	-4.09%	2.82%	3.02%
EBITDA Margin	90.86%	90.47%	164.46%	80.59%	78.46%	74.77%
Net Debt / EBITDA	7.30x	7.59x	4.30x	7.59x	9.85x	9.53x
Interest Coverage	0.98x	0.89x	2.30x	0.92x	1.07x	1.03x
CapEx / Revenue	81.18%	50.81%	151.36%	106.57%	189.18%	96.49%
Debt / Equity	4.24x	5.43x	3.54x	4.31x	5.39x	5.59x

Revenue by Segment

	2022	2023
Power	70.53B	76.62B
Power Growth	-	8.64%
Other Revenue	87M	348M
Other Revenue Growth	-	300.00%

Frequently Asked Questions

Growth & Financials

ReNew Energy Global plc (RNWWW) reported $122.78B in revenue for fiscal year 2024. This represents a 154% increase from $48.41B in 2019.

ReNew Energy Global plc (RNWWW) grew revenue by 19.4% over the past year. This is strong growth.

Yes, ReNew Energy Global plc (RNWWW) is profitable, generating $8.29B in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

ReNew Energy Global plc (RNWWW) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

ReNew Energy Global plc (RNWWW) had negative free cash flow of $4.93B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

ReNew Energy Global plc (RNWWW) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

← Back to Screener