ReNew Energy Global Plc (RNW) Financial Ratios
14 years of historical data (2012–2025) · Utilities · Renewable Utilities
EV/EBITDA
↓
10.34
+15% vs avg
5yr avg: 8.96
30Y Low7.9·High9.9
P/FCF
N/A
—
5yr avg: N/A
30Y Low0.5·High0.5
P/B Ratio
↓
1.56
↑+8533% vs avg
5yr avg: 0.02
30Y Low0.0·High0.1
ROE
↑
8.0%
↓+682% vs avg
5yr avg: -1.4%
30Y Low-17%·High8%
Debt/EBITDA
↓
8.65
↓-9% vs avg
5yr avg: 9.52
30Y Low7.1·High47.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RNW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ReNew Energy Global Plc trades at 20.1x earnings, 4549% above its 5-year average of 0.4x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a premium of 6%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.7B | $2.2B | $2.2B | $2.1B | $3.3B | $4.0B | — | — | — | — |
| Enterprise Value | $9.7B | $698.3B | $694.0B | $630.8B | $500.5B | $422.6B | $335.0B | — | — | — | — |
| P/E Ratio → | 20.12 | 0.15 | 0.54 | 0.60 | — | — | — | — | — | — | — |
| P/S Ratio | 1.56 | 0.01 | 0.02 | 0.03 | 0.03 | 0.06 | 0.08 | — | — | — | — |
| P/B Ratio | 1.56 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.06 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | 0.53 | — | — | — | — |
| P/OCF | 9.40 | 0.07 | 0.03 | 0.03 | 0.03 | 0.08 | 0.13 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
RNW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ReNew Energy Global Plc's enterprise value stands at 10.3x EBITDA, 15% above its 5-year average of 9.0x. The Utilities sector median is 11.9x, placing the stock at a 13% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.02 | 7.15 | 7.76 | 6.40 | 7.12 | 6.95 | — | — | — | — |
| EV / EBITDA | 10.34 | 7.90 | 9.56 | 9.93 | 8.58 | 8.81 | 7.99 | — | — | — | — |
| EV / EBIT | 15.16 | 11.58 | 11.49 | 12.33 | 12.05 | 17.45 | 10.95 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | 44.08 | — | — | — | — |
RNW Profitability
Margins and return-on-capital ratios measuring operating efficiency
ReNew Energy Global Plc earns an operating margin of 43.4%, significantly above the Utilities sector average of 18.5%. Operating margins have compressed from 56.5% to 43.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.0% is modest, trailing the sector median of 9.3%. ROIC of 5.4% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.5% | 58.5% | 91.1% | 95.3% | 91.1% | 99.5% | 99.1% | 98.9% | 99.8% | 97.9% | 100.0% |
| Operating Margin | 43.4% | 43.4% | 53.5% | 56.5% | 54.2% | 57.6% | 62.1% | 66.9% | 72.7% | 57.7% | 58.9% |
| Net Profit Margin | 7.9% | 7.9% | 3.9% | 4.2% | -6.2% | -27.1% | -16.2% | -5.6% | 6.1% | 1.2% | 2.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | 3.0% | 2.8% | -3.9% | -16.8% | -10.9% | -3.5% | 3.5% | 0.5% | 0.7% |
| ROA | 1.1% | 1.1% | 0.4% | 0.4% | -0.7% | -2.8% | -1.6% | -0.6% | 0.7% | 0.1% | 0.2% |
| ROIC | 5.4% | 5.4% | 4.9% | 5.0% | 5.5% | 5.4% | 5.5% | 6.2% | 7.2% | 4.7% | 4.8% |
| ROCE | 8.2% | 8.2% | 6.9% | 6.7% | 7.2% | 7.0% | 7.0% | 8.5% | 9.9% | 6.3% | 6.2% |
RNW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ReNew Energy Global Plc carries a Debt/EBITDA ratio of 8.6x, which is highly leveraged (67% above the sector average of 5.2x). Net debt stands at $696.6B ($764.8B total debt minus $68.2B cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.40 | 5.40 | 5.59 | 5.39 | 4.53 | 3.54 | 5.43 | 4.53 | 3.80 | 3.19 | 2.12 |
| Debt / EBITDA | 8.65 | 8.65 | 10.09 | 10.32 | 9.20 | 9.34 | 8.38 | 8.18 | 7.10 | 11.19 | 10.49 |
| Net Debt / Equity | — | 4.92 | 5.28 | 5.17 | 4.21 | 3.32 | 5.11 | 4.36 | 3.67 | 3.01 | 1.65 |
| Net Debt / EBITDA | 7.88 | 7.88 | 9.53 | 9.90 | 8.55 | 8.74 | 7.89 | 7.88 | 6.85 | 10.54 | 8.13 |
| Debt / FCF | — | — | — | — | — | — | 43.55 | — | — | — | — |
| Interest Coverage | 0.93 | 0.93 | 100.96 | 1.19 | 76.00 | 45.77 | 64.43 | 0.98 | 1.19 | — | — |
RNW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.42x is below 1.0, meaning current liabilities exceed current assets — though the company's $68.2B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.74x to 0.42x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.42 | 0.42 | 0.60 | 0.74 | 0.95 | 1.34 | 1.52 | 1.61 | 0.88 | 0.92 | 1.02 |
| Quick Ratio | 0.37 | 0.37 | 0.58 | 0.72 | 0.94 | 1.33 | 1.50 | 1.60 | 0.87 | 0.92 | 1.02 |
| Cash Ratio | 0.24 | 0.24 | 0.41 | 0.56 | 0.70 | 0.78 | 0.78 | 0.84 | 0.44 | 0.46 | 0.78 |
| Asset Turnover | — | 0.13 | 0.10 | 0.09 | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 | 0.07 | 0.06 |
| Inventory Turnover | 4.35 | 4.35 | 2.06 | 2.28 | 5.83 | 0.40 | 0.51 | 0.87 | 0.11 | 3.41 | 0.29 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RNW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ReNew Energy Global Plc does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 100.0% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 649.6% | 185.4% | 165.3% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | 189.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 40.1% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 100.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $369M | $366M | $366M | $377M | $399M | $401M | $401M | $401M | $346M | $300M |
Peer Comparison
Compare RNW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RNWYou | $2B | 20.1 | 10.3 | — | 58.5% | 43.4% | 8.0% | 5.4% | 8.6 |
 CWEN | $8B | 26.4 | 16.1 | 20.8 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
 BEP | $11B | -522.8 | 13.2 | — | 16.8% | 13.4% | -0.1% | 0.9% | 10.7 |
 ARRY | $1B | -11.0 | 13.3 | 15.4 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 RUN | $3B | 7.9 | 24.3 | — | 26.8% | -4.3% | 9.8% | -0.5% | 21.4 |
 SPWR | $128M | -11.7 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 FSLR | $28B | 18.1 | 11.5 | 23.3 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
 ENPH | $7B | 40.5 | 31.2 | 71.8 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 GE | $374B | 43.8 | 38.2 | 51.4 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
 SEDG | $4B | -8.4 | — | 43.7 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 AMSC | $2B | 14.2 | 76.2 | 113.4 | 29.8% | 5.6% | 35.6% | 4.7% | 0.2 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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RNW — Frequently Asked Questions
Quick answers to the most common questions about buying RNW stock.
What is ReNew Energy Global Plc's P/E ratio?
ReNew Energy Global Plc's current P/E ratio is 20.1x. The historical average is 0.4x. This places it at the 100th percentile of its historical range.
What is ReNew Energy Global Plc's EV/EBITDA?
ReNew Energy Global Plc's current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
What is ReNew Energy Global Plc's ROE?
ReNew Energy Global Plc's return on equity (ROE) is 8.0%. The historical average is -1.0%.
Is RNW stock overvalued?
Based on historical data, ReNew Energy Global Plc is trading at a P/E of 20.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are ReNew Energy Global Plc's profit margins?
ReNew Energy Global Plc has 58.5% gross margin and 43.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does ReNew Energy Global Plc have?
ReNew Energy Global Plc's Debt/EBITDA ratio is 8.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.