13 years of historical data (2012–2024) · Utilities · Renewable Utilities
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ReNew Energy Global Plc trades at 46.0x earnings, 7944% above its 5-year average of 0.6x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 21.0x, the stock trades at a premium of 120%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $2.2B | $2.2B | $2.1B | $3.3B | $4.0B | — | — | — | — | — |
| Enterprise Value | $9.0B | $694.0B | $630.8B | $500.5B | $422.6B | $335.0B | — | — | — | — | — |
| P/E Ratio → | 46.02 | 0.54 | 0.60 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.27 | 0.02 | 0.03 | 0.03 | 0.06 | 0.08 | — | — | — | — | — |
| P/B Ratio | 1.40 | 0.02 | 0.02 | 0.02 | 0.03 | 0.06 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | 0.53 | — | — | — | — | — |
| P/OCF | 1.83 | 0.03 | 0.03 | 0.03 | 0.08 | 0.13 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
ReNew Energy Global Plc's enterprise value stands at 11.2x EBITDA, 25% above its 5-year average of 9.0x. The Utilities sector median is 9.4x, placing the stock at a 20% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.15 | 7.76 | 6.40 | 7.12 | 6.95 | — | — | — | — | — |
| EV / EBITDA | 11.23 | 9.56 | 9.93 | 8.58 | 8.81 | 7.99 | — | — | — | — | — |
| EV / EBIT | 15.71 | 11.49 | 12.33 | 12.05 | 17.45 | 10.95 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | 44.08 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
ReNew Energy Global Plc earns an operating margin of 53.5%, significantly above the Utilities sector average of 21.0%. ROE of 3.0% is modest, trailing the sector median of 9.4%. ROIC of 4.9% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.1% | 91.1% | 95.3% | 91.1% | 99.5% | 99.1% | 98.9% | 99.8% | 97.9% | 100.0% | 100.0% |
| Operating Margin | 53.5% | 53.5% | 56.5% | 54.2% | 57.6% | 62.1% | 66.9% | 72.7% | 57.7% | 58.9% | 56.1% |
| Net Profit Margin | 3.9% | 3.9% | 4.2% | -6.2% | -27.1% | -16.2% | -5.6% | 6.1% | 1.2% | 2.6% | 13.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.0% | 3.0% | 2.8% | -3.9% | -16.8% | -10.9% | -3.5% | 3.5% | 0.5% | 0.7% | 3.0% |
| ROA | 0.4% | 0.4% | 0.4% | -0.7% | -2.8% | -1.6% | -0.6% | 0.7% | 0.1% | 0.2% | 1.1% |
| ROIC | 4.9% | 4.9% | 5.0% | 5.5% | 5.4% | 5.5% | 6.2% | 7.2% | 4.7% | 4.8% | 4.2% |
| ROCE | 6.9% | 6.9% | 6.7% | 7.2% | 7.0% | 7.0% | 8.5% | 9.9% | 6.3% | 6.2% | 5.4% |
Solvency and debt-coverage ratios — lower is generally safer
ReNew Energy Global Plc carries a Debt/EBITDA ratio of 10.1x, which is highly leveraged (138% above the sector average of 4.2x). Net debt stands at $691.9B ($732.3B total debt minus $40.4B cash). Interest coverage of 86.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.59 | 5.59 | 5.39 | 4.53 | 3.54 | 5.43 | 4.53 | 3.80 | 3.19 | 2.12 | 1.59 |
| Debt / EBITDA | 10.09 | 10.09 | 10.32 | 9.20 | 9.34 | 8.38 | 8.18 | 7.10 | 11.19 | 10.49 | 10.53 |
| Net Debt / Equity | — | 5.28 | 5.17 | 4.21 | 3.32 | 5.11 | 4.36 | 3.67 | 3.01 | 1.65 | 1.49 |
| Net Debt / EBITDA | 9.53 | 9.53 | 9.90 | 8.55 | 8.74 | 7.89 | 7.88 | 6.85 | 10.54 | 8.13 | 9.87 |
| Debt / FCF | — | — | — | — | — | 43.55 | — | — | — | — | — |
| Interest Coverage | 86.76 | 86.76 | 1.07 | 77.58 | 64.63 | 62.99 | 0.97 | 1.19 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.60x is below 1.0, meaning current liabilities exceed current assets — though the company's $40.4B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.95x to 0.60x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.60 | 0.60 | 0.74 | 0.95 | 1.34 | 1.52 | 1.61 | 0.88 | 0.92 | 1.02 | 1.04 |
| Quick Ratio | 0.58 | 0.58 | 0.72 | 0.94 | 1.33 | 1.50 | 1.60 | 0.87 | 0.92 | 1.02 | 1.04 |
| Cash Ratio | 0.41 | 0.41 | 0.56 | 0.70 | 0.78 | 0.78 | 0.84 | 0.44 | 0.46 | 0.78 | 0.76 |
| Asset Turnover | — | 0.10 | 0.09 | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 | 0.07 | 0.06 | 0.06 |
| Inventory Turnover | 2.06 | 2.06 | 2.28 | 5.83 | 0.40 | 0.51 | 0.87 | 0.11 | 3.41 | 0.29 | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
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 2.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 100.0% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 185.4% | 165.3% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | 189.3% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 100.0% | 100.0% | 40.1% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 100.0% | 100.0% | 100.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $366M | $366M | $377M | $399M | $401M | $401M | $401M | $346M | $300M | $239M |
Compare RNW with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| RNWYou | $1B | 46.0 | 11.2 | — | 91.1% | 53.5% | 3.0% | 4.9% | 10.1 |
| ENLT | $9B | 61.8 | 32.4 | — | 41.8% | 46.6% | 11.8% | 4.8% | 13.2 |
| ORA | $6B | 51.3 | 14.2 | — | 27.6% | 18.5% | 3.3% | 2.7% | 1.5 |
| SUUN | $34M | -1.1 | — | — | 21.7% | -20.3% | -161.3% | -11.7% | — |
| WAVE | $29M | -13.5 | — | 26.2 | 75.0% | -1391.7% | -25.8% | -53.8% | — |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonReNew Energy Global Plc's current P/E ratio is 46.0x. The historical average is 0.6x. This places it at the 100th percentile of its historical range.
ReNew Energy Global Plc's current EV/EBITDA is 11.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
ReNew Energy Global Plc's return on equity (ROE) is 3.0%. The historical average is -1.8%.
Based on historical data, ReNew Energy Global Plc is trading at a P/E of 46.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ReNew Energy Global Plc has 91.1% gross margin and 53.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
ReNew Energy Global Plc's Debt/EBITDA ratio is 10.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.