ReNew Energy Global Plc (RNW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ReNew Energy Global Plc (RNW) stock price & volume — 10-year historical chart
ReNew Energy Global Plc (RNW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
ReNew Energy Global Plc (RNW) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 16, 2026 | $0.00vs $0.12+98.5% | $349Mvs $266M+31.4% |
| Q4 2025 | Nov 10, 2025 | $0.13vs $0.17-23.5% | $409Mvs $268M+52.4% |
| Q3 2025 | Aug 13, 2025 | $0.16vs $0.11+45.5% | $455Mvs $379M+20.0% |
| Q3 2025 | Jun 16, 2025 | $0.10vs $0.04+156.9% | $340Mvs $277M+22.7% |
ReNew Energy Global Plc (RNW) competitors in Renewable Developers and IPPs — business model, growth, and fundamentals comparison
ReNew Energy Global Plc (RNW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ReNew Energy Global Plc (RNW) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.07B | 24.62B | 43.14B | 48.41B | 48.19B | 59.35B | 78.22B | 81.32B | 97.06B | 129.66B |
| Revenue Growth % | 113.05% | 88.3% | 75.26% | 12.21% | -0.46% | 23.16% | 31.8% | 3.96% | 19.36% | 50.52% |
| Cost of Revenue | 3.94M | 522M | 81M | 530M | 426M | 324M | 6.96B | 3.84B | 8.59B | 28.67B |
| Gross Profit | 13.07B▲ 0% | 24.09B▲ 84.4% | 43.06B▲ 78.7% | 47.88B▲ 11.2% | 47.76B▼ 0.3% | 59.02B▲ 23.6% | 71.27B▲ 20.7% | 77.47B▲ 8.7% | 88.47B▲ 14.2% | 100.99B▲ 0% |
| Gross Margin % | 99.97% | 97.88% | 99.81% | 98.91% | 99.12% | 99.45% | 91.11% | 95.27% | 91.15% | 77.89% |
| Gross Profit Growth % | 112.99% | 84.37% | 78.72% | 11.19% | -0.25% | 23.58% | 20.74% | 8.71% | 14.19% | - |
| Operating Expenses | 5.44B | 9.99B | 12.62B | 15.47B | 17.84B | 24.83B | 28.86B | 31.53B | 36.56B | 38.26B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 11.51B | 21.3B | 40.87B | 43.65B | 41.95B | 47.95B | 58.31B | 63.53B | 72.58B | 86.95B |
| EBITDA Margin % | 88.05% | 86.54% | 94.73% | 90.16% | 87.05% | 80.8% | 74.55% | 78.13% | 74.77% | 67.06% |
| EBITDA Growth % | 108.73% | 85.09% | 91.84% | 6.8% | -3.9% | 14.33% | 21.6% | 8.95% | 14.24% | 27.64% |
| Depreciation & Amortization | 3.82B | 7.11B | 9.5B | 11.24B | 12.03B | 13.76B | 15.9B | 17.58B | 20.67B | 24.21B |
| D&A / Revenue % | 29.19% | 28.87% | 22.01% | 23.22% | 24.96% | 23.19% | 20.33% | 21.62% | 21.3% | 18.68% |
| Operating Income (EBIT) | 7.69B▲ 0% | 14.2B▲ 84.5% | 31.37B▲ 121.0% | 32.41B▲ 3.3% | 29.92B▼ 7.7% | 34.19B▲ 14.3% | 42.41B▲ 24.0% | 45.95B▲ 8.3% | 51.91B▲ 13.0% | 62.73B▲ 0% |
| Operating Margin % | 58.85% | 57.67% | 72.72% | 66.95% | 62.09% | 57.61% | 54.22% | 56.5% | 53.48% | 48.38% |
| Operating Income Growth % | 123.67% | 84.52% | 120.99% | 3.3% | -7.68% | 14.27% | 24.04% | 8.34% | 12.97% | - |
| Interest Expense | 0 | 0 | 26.27B | 33.44B | 475M | 529M | 546.69M | 43.03B | 598.31M | 4M |
| Interest Coverage | - | - | 1.19x | 0.97x | 62.99x | 64.63x | 77.58x | 1.07x | 86.76x | - |
| Interest / Revenue % | 0% | 0% | 60.88% | 69.07% | 0.99% | 0.89% | 0.7% | 52.91% | 0.62% | 0% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 1.02B▲ 0% | 841M▼ 17.4% | 4.93B▲ 486.8% | -623M▼ 112.6% | -5.13B▼ 723.1% | -12.23B▼ 138.6% | -2.47B▲ 79.8% | 8.14B▲ 429.6% | 10.03B▲ 23.2% | 15.82B▲ 0% |
| Pretax Margin % | 7.78% | 3.42% | 11.44% | -1.29% | -10.64% | -20.61% | -3.16% | 10.01% | 10.34% | 12.2% |
| Income Tax | 508.31M | 321M | 1.82B | 2.16B | 2.9B | 3.9B | 2.56B | 4B | 5.44B | 3.08B |
| Effective Tax Rate % | 49.95% | 38.17% | 36.88% | -346.39% | -56.63% | -31.84% | -103.6% | 49.07% | 54.25% | 19.47% |
| Net Income | 338.24M▲ 0% | 300M▼ 11.3% | 2.65B▲ 782.0% | -2.7B▼ 201.9% | -7.82B▼ 190.0% | -16.08B▼ 105.6% | -4.82B▲ 70.0% | 3.4B▲ 170.7% | 3.81B▲ 12.0% | 11.97B▲ 0% |
| Net Margin % | 2.59% | 1.22% | 6.13% | -5.57% | -16.22% | -27.09% | -6.16% | 4.19% | 3.93% | 9.23% |
| Net Income Growth % | -58.57% | -11.31% | 782% | -201.89% | -189.99% | -105.64% | 70.04% | 170.67% | 12.04% | 806.54% |
| EPS (Diluted) | 1.13▲ 0% | 0.87▼ 23.0% | 6.60▲ 658.6% | -7.04▼ 206.7% | -19.97▼ 183.7% | -40.58▼ 103.2% | -13.34▲ 67.1% | 9.92▲ 174.4% | 10.92▲ 10.1% | 32.85▲ 0% |
| EPS Growth % | -66.96% | -23.01% | 658.62% | -206.67% | -183.66% | -103.2% | 67.13% | 174.36% | 10.08% | 2798.21% |
| EPS (Basic) | 1.13 | 0.87 | 6.86 | -7.04 | -19.97 | -40.58 | -13.48 | 9.94 | 10.92 | - |
| Diluted Shares Outstanding | 300.49M | 346.07M | 400.73M | 400.73M | 400.73M | 399.18M | 376.85M | 365.51M | 366.38M | 364.22M |
ReNew Energy Global Plc (RNW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 201.27B | 345.77B | 398.02B | 479.56B | 492.05B | 641.34B | 746.49B | 873.93B | 959.8B | 1.03T |
| Asset Growth % | 87.88% | 71.8% | 15.11% | 20.48% | 2.61% | 30.34% | 16.4% | 17.07% | 9.83% | 34.06% |
| PP&E (Net) | 146.67B | 245.89B | 282.51B | 345.3B | 353.8B | 455.06B | 559.96B | 696.6B | 769.57B | 792.72B |
| PP&E / Total Assets % | 72.88% | 71.11% | 70.98% | 72% | 71.9% | 70.95% | 75.01% | 79.71% | 80.18% | 76.68% |
| Total Current Assets | 41.39B | 49.23B | 51.17B | 84.92B | 92.32B | 135.21B | 109.87B | 104.44B | 118.38B | 159.53B |
| Cash & Equivalents | 27.14B | 13.91B | 10.12B | 13.09B | 20.68B | 28.38B | 38.18B | 27.02B | 40.42B | 83.21B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 13.64M | 153M | 719M | 609M | 833M | 815M | 1.19B | 1.69B | 4.16B | 13.41B |
| Other Current Assets | 2.79B | 5.4B | 5.01B | 13.23B | 2.78B | 3.69B | 2.22B | 977M | 8.06B | 35.75B |
| Long-Term Investments | 30.73M | 4.18B | 989M | 1.29B | 3B | 1.32B | 4.48B | 6.57B | 3.89B | 40.53B |
| Goodwill | 292.72M | 10.95B | 11.38B | 11.38B | 11.6B | 11.6B | 11.6B | 11.6B | 11.6B | 0 |
| Intangible Assets | 1.17B | 26.63B | 25.68B | 24.59B | 24.81B | 28.13B | 27B | 26.29B | 24.62B | 0 |
| Other Assets | 11.7B | 8.89B | 26.29B | 12.08B | 4.92B | 8.97B | 28.95B | 22.89B | 24.67B | 19.93B |
| Total Liabilities | 144.42B | 271.09B | 321.69B | 400.71B | 427.31B | 514.97B | 628.09B | 752.24B | 828.69B | 891.68B |
| Total Debt | 120.77B | 238.45B | 289.98B | 357.07B | 351.65B | 447.71B | 536.58B | 655.66B | 732.28B | 776.52B |
| Net Debt | 93.63B | 224.54B | 279.87B | 343.98B | 330.97B | 419.33B | 498.39B | 628.64B | 691.86B | 693.3B |
| Long-Term Debt | 102.45B | 209.29B | 253.78B | 320.61B | 308.44B | 373.73B | 467.29B | 565.86B | 582.31B | 554.41B |
| Short-Term Borrowings | 18.32B | 29.16B | 36.2B | 35.07B | 41.1B | 70.53B | 63.11B | 81.45B | 140.71B | 212.63B |
| Capital Lease Obligations | 0 | 0 | 0 | 1.65B | 2.11B | 3.45B | 6.17B | 8.35B | 9.26B | 37.81B |
| Total Current Liabilities | 40.61B | 53.29B | 58.06B | 52.73B | 60.79B | 101.28B | 115.93B | 142.04B | 196.44B | 282.09B |
| Accounts Payable | 2.4B | 2.73B | 3.03B | 3.73B | 3.25B | 5.61B | 6.12B | 9.09B | 8.17B | 13.78B |
| Accrued Expenses | 1.35B | 1.81B | 2.31B | 2.5B | 2.9B | 3.86B | 3.21B | 2.96B | 5.41B | 18.68B |
| Deferred Revenue | 0 | 0 | 0 | 0 | 100M | 11M | 11M | 11M | 1.25B | 0 |
| Other Current Liabilities | 18.54B | 19.58B | 16.52B | 11.16B | 1.89B | 5.98B | 38.44B | 42.86B | 35.07B | 54.43B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 105.53B |
| Other Liabilities | 1.36B | 8.52B | 9.84B | 25.98B | 43.41B | 24.28B | 23.75B | 17.96B | 17B | 19.75B |
| Total Equity | 56.84B▲ 0% | 74.68B▲ 31.4% | 76.33B▲ 2.2% | 78.85B▲ 3.3% | 64.75B▼ 17.9% | 126.37B▲ 95.2% | 118.4B▼ 6.3% | 121.7B▲ 2.8% | 131.11B▲ 7.7% | 142.12B▲ 0% |
| Equity Growth % | 55.5% | 31.38% | 2.22% | 3.29% | -17.89% | 95.19% | -6.31% | 2.78% | 7.74% | 40.22% |
| Shareholders Equity | 53.72B | 71.27B | 72.71B | 74.53B | 62.08B | 118.44B | 106.85B | 105.22B | 112.6B | 123.55B |
| Minority Interest | 3.13B | 3.41B | 3.63B | 4.32B | 2.67B | 7.93B | 11.55B | 16.48B | 18.51B | 18.57B |
| Common Stock | 3.38B | 3.77B | 3.8B | 3.8B | 3.8B | 4.81B | 4.81B | 4.81B | 4.81B | 4.81B |
| Additional Paid-in Capital | 50.71B | 66.38B | 67.17B | 67.17B | 67.17B | 154.05B | 154.14B | 154.15B | 154.2B | 155.23B |
| Retained Earnings | -1.12B | -2.17B | -3.12B | 3.49B | -6.49B | -38.42B | -53.61B | -56.43B | -53.76B | -46.2B |
| Accumulated OCI | 737.27M | 3.29B | 4.86B | 75M | -5.22B | -1.33B | -618M | 0 | 0 | 9.72B |
| Return on Assets (ROA) | 0.22% | 0.11% | 0.71% | -0.61% | -1.61% | -2.84% | -0.69% | 0.42% | 0.42% | 1.16% |
| Return on Equity (ROE) | 0.72% | 0.46% | 3.5% | -3.47% | -10.89% | -16.82% | -3.94% | 2.84% | 3.02% | 8.42% |
| Debt / Equity | 2.12x | 3.19x | 3.80x | 4.53x | 5.43x | 3.54x | 4.53x | 5.39x | 5.59x | 5.59x |
| Debt / Assets | 60% | 68.96% | 72.86% | 74.46% | 71.47% | 69.81% | 71.88% | 75.02% | 76.29% | 75.11% |
| Net Debt / EBITDA | 8.13x | 10.54x | 6.85x | 7.88x | 7.89x | 8.74x | 8.55x | 9.90x | 9.53x | 9.53x |
| Book Value per Share | 189.16 | 215.79 | 190.49 | 196.76 | 161.57 | 316.58 | 314.19 | 332.95 | 357.86 | 390.21 |
ReNew Energy Global Plc (RNW) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 8.99B | 19.91B | 30B | 35.09B | 32.08B | 42.39B | 66.67B | 68.93B | 67.56B | 67.56B |
| Operating CF Growth % | 152.93% | 121.38% | 50.67% | 16.96% | -8.57% | 32.13% | 57.29% | 3.39% | -1.98% | 28.4% |
| Operating CF / Revenue % | 68.8% | 80.88% | 69.53% | 72.48% | 66.58% | 71.42% | 85.24% | 84.77% | 69.61% | 52.11% |
| Net Income | 338.24M | 300M | 4.93B | -623M | -5.13B | -12.23B | -2.47B | 8.14B | 10.03B | 11.97B |
| Depreciation & Amortization | 3.82B | 7.11B | 9.5B | 11.24B | 12.03B | 13.76B | 15.9B | 17.58B | 20.67B | 24.21B |
| Deferred Taxes | 0 | 0 | -570M | -1.84B | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 9.26B | 13.54B | 25.28B | 32.89B | 35.55B | 43.77B | 44.4B | 36.39B | 41.23B | 33.9B |
| Working Capital Changes | -4.72B | -1.44B | -9.32B | -6.65B | -10.57B | -5.32B | 6.87B | 5.16B | -5.65B | -4.51B |
| Capital Expenditures | -67.84B | -104.58B | -61.2B | -39.3B | -24.48B | -89.83B | -91.38B | -153.84B | -93.66B | -94.28B |
| CapEx / Revenue % | 518.93% | 424.82% | 141.85% | 81.18% | 50.81% | 151.36% | 116.82% | 189.18% | 96.49% | 72.72% |
| CapEx / D&A | 17.78x | 14.71x | 6.44x | 3.50x | 2.04x | 6.53x | 5.75x | 8.75x | 4.53x | 3.89x |
| CapEx Coverage (OCF/CapEx) | 0.13x | 0.19x | 0.49x | 0.89x | 1.31x | 0.47x | 0.73x | 0.45x | 0.72x | 0.72x |
| Cash from Investing | -59.92B | -104.58B | -53.41B | -53.72B | -17.41B | -124.75B | -79.99B | -162.53B | -74.16B | -65.62B |
| Acquisitions | -1.24B | -43.13B | -941M | -762M | 3.61B | -11.16B | -3.13B | 4.09B | 3.59B | 1000K |
| Purchase of Investments | 0 | 0 | -2.62B | -15.87B | -140.78B | 15.87B | -435.54B | -443.99B | -363.8B | -474.74B |
| Sale of Investments | 0 | 0 | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 4M |
| Other Investing | 9.17B | -9.15B | 1.81B | 54M | 2.01B | -23.75B | 8.04B | 4.5B | 4.49B | 1.48B |
| Cash from Financing | 74.43B | 71.44B | 19.61B | 21.61B | -7.08B | 90.04B | 23.02B | 82.42B | 19.98B | 18.31B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -19.61B | 0 | 0 | 0 | 6.36M |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Stock Issued | 0 | 0 | 560M | 0 | 0 | 68B | 17.77B | 17M | 20M | 9.03B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -1.31B | -13.28B | -4.82B | 0 | 0 |
| Other Financing | 24.76B | 3.72B | -26.56B | -32.2B | -35.72B | 33.55B | -39.85B | -45.82B | -56.35B | -53.87B |
| Net Change in Cash | 23.51B▲ 0% | -13.22B▼ 156.3% | -3.8B▲ 71.3% | 2.97B▲ 178.3% | 7.59B▲ 155.2% | 7.7B▲ 1.4% | 9.8B▲ 27.3% | -11.16B▼ 213.9% | 13.4B▲ 220.0% | 17.97B▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Cash at Beginning | 3.63B | 27.14B | 13.91B | 10.12B | 13.09B | 20.68B | 28.38B | 38.18B | 27.02B | 83.1B |
| Cash at End | 27.14B | 13.91B | 10.12B | 13.09B | 20.68B | 28.38B | 38.18B | 27.02B | 40.42B | 83.21B |
| Free Cash Flow | -58.84B▲ 0% | -84.67B▼ 43.9% | -31.2B▲ 63.2% | -4.21B▲ 86.5% | 7.6B▲ 280.5% | -47.44B▼ 724.3% | -24.7B▲ 47.9% | -84.91B▼ 243.7% | -26.09B▲ 69.3% | -23.83B▲ 0% |
| FCF Growth % | -89.26% | -43.88% | 63.15% | 86.5% | 280.46% | -724.29% | 47.93% | -243.72% | 69.27% | 46.42% |
| FCF Margin % | -450.13% | -343.93% | -72.31% | -8.7% | 15.77% | -79.93% | -31.58% | -104.41% | -26.88% | -18.38% |
| FCF / Net Income % | -17397.4% | -28222% | -1179.1% | 156.19% | -97.2% | 295.08% | 512.83% | -2494.36% | -684.16% | -199.16% |
ReNew Energy Global Plc (RNW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 0.72% | 0.46% | 3.5% | -3.47% | -10.89% | -16.82% | -3.94% | 2.84% | 3.02% | 8.42% |
| EBITDA Margin | 88.05% | 86.54% | 94.73% | 90.16% | 87.05% | 80.8% | 74.55% | 78.13% | 74.77% | 67.06% |
| Net Debt / EBITDA | 8.13x | 10.54x | 6.85x | 7.88x | 7.89x | 8.74x | 8.55x | 9.90x | 9.53x | 9.53x |
| Interest Coverage | - | - | 1.19x | 0.97x | 62.99x | 64.63x | 77.58x | 1.07x | 86.76x | - |
| CapEx / Revenue | 518.93% | 424.82% | 141.85% | 81.18% | 50.81% | 151.36% | 116.82% | 189.18% | 96.49% | 72.72% |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | 0.05% |
| Debt / Equity | 2.12x | 3.19x | 3.80x | 4.53x | 5.43x | 3.54x | 4.53x | 5.39x | 5.59x | 5.59x |
| EPS Growth | -66.96% | -23.01% | 658.62% | -206.67% | -183.66% | -103.2% | 67.13% | 174.36% | 10.08% | 2798.21% |
ReNew Energy Global Plc (RNW) stock FAQ — growth, dividends, profitability & financials explained
ReNew Energy Global Plc (RNW) reported $129.66B in revenue for fiscal year 2024. This represents a 32809% increase from $394.0M in 2012.
ReNew Energy Global Plc (RNW) grew revenue by 19.4% over the past year. This is strong growth.
Yes, ReNew Energy Global Plc (RNW) is profitable, generating $11.97B in net income for fiscal year 2024 (3.9% net margin).
ReNew Energy Global Plc (RNW) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.
ReNew Energy Global Plc (RNW) had negative free cash flow of $23.83B in fiscal year 2024, likely due to heavy capital investments.
ReNew Energy Global Plc (RNW) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
ReNew Energy Global Plc (RNW) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates