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ReNew Energy Global PLC

RNW Utilities Utilities Renewable

ReNew Energy Global PLC’s revenue for fiscal 2026 (year ended March 2026) was $1.6 billion, up 25.7% from fiscal 2025.

Revenue
+19.4%
EPS
+41.3%
Free cash flow
+192.7%
Total debt
−0.65%

Quarter to September 2026, against a year earlier

6.94 0.01 +0.14%
Market cap
$2.5B
P/E
18.8×
Fwd P/E
26.5×
Dividend yield
—
F-score
6/9
Altman Z
0.22
Beneish M
−2.62
Dividend safety
25/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 60.05%

Capital & Financial Ratios $m

Size
Market Cap 2,530.00
Revenue ttm 1,715.00
Net income ttm 186.00
Free cash flow ttm (38.00)
Net debt Q 7,333.00
Valuation
P/E 18.82
Forward P/E 26.50
Price / sales 1.47
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.51
Financial health
Current ratio Q 0.50 (below 1: weak)
Debt / equity Q 5.05 (above 2: weak)
Interest coverage Q —
Growth
Revenue growth Q +19.35% (above 0%: growing)
Operating income growth Q +69.35% (above 0%: growing)
EPS, this year −17.12% (below 0%: weak)
EPS, next year A +88.26% (at or above 15%: strong)
Revenue, next year A +2.38%
EPS, past 5 yrs —
EPS, next 5 yrs A +43.75% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.7×, against a ten-year median of 6.8×; over the ten years it ranged from 5.4× in 2023 to 8.7× in 2024.
P/E against its own 10 years 16.07%
10-year low 10-year high
P/S against its own 10 years 17.32%
10-year low 10-year high
P/B against its own 10 years 42.93%
10-year low 10-year high
EV/Sales against its own 10 years 19.13%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 950 1,029 984 1,133
Receivables 165 196 215 229
Inventory 20 49 144 128
Other 117 111 97 141
1,253 1,386 1,442 1,631
2024 2025 2026 Q'26
Payables 109 96 190 178
ST’ Debt 1,012 1,710 2,613 2,614
Other 567 477 570 414
1,704 2,299 3,387 3,240

Compound Annual Growth %

10y 5y 3y
Sales — 15.47% 18.14%
Cash Flow — 47.11% 40.93%
Earnings — 0.00% 0.00%
Book Value — (0.30%) 5.76%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.16 Actual 0.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.17 0.13 Miss by 0.04
Dec 2025 −0.12 0.00 Beat by 0.12
Jun 2026 0.12 0.17 Beat by 0.05
Sep 2026 0.16 0.17 Beat by 0.01
Dec 2026 −0.10 — Reports 15 February 2027

EPS $

Jun Sep Dec Mar Year
’26 0.17 0.18 — — —
’26 0.16 0.13 (0.01) 0.02 0.29
’25 0.01 0.14 (0.11) 0.10 0.13
’24 — — — 0.02 0.12
’23 0.09 0.11 (0.10) — (0.16)
’23 — — — 0.00 (0.15)
’22 0.00 (0.03) (0.15) — (0.53)
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 506 518 — — —
’26 480 434 349 342 1,605
’25 299 356 248 374 1,277
’24 — — — 281 1,158
’23 300 345 232 — 973
’23 — — — 314 1,087
’22 304 275 194 — 782
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 228 319 — — —
’26 139 319 247 163 868
’25 119 240 209 223 791
’24 — — — 211 827
’23 164 226 226 — 310
’23 — — — 199 798
’22 96 250 253 — 126
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (63) 114 — — —
’26 79 (123) (77) (12) (133)
’25 (317) (3) 2 13 (305)
’24 — — — (205) (1,019)
’23 (262) (259) (293) — 310
’23 — — — (97) (252)
’22 (211) 34 22 — 126
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue — — — — 656 782 973 1,158 1,277 1,605 1,715 +19.6% 1,643 1,946 2,496 +15.9%
Gross margin, % — — — — 21.19 68.80 63.92 96.03 90.37 83.12 81.87 +61.9 pt
EBT — — — (11) (251) (161) (32) 98 117 145 185 n/m
EBT margin, % — — — 0.00 (38.26) (20.59) (3.28) 8.46 9.16 9.03 10.79 +9.0 pt
Net income — 0 — (11) (255) (212) (60) 98 117 145 186 n/m
Per share, $
Per share, $ Revenue — — — 0.00 1.64 1.95 2.54 3.17 3.52 4.41 4.70 n/m
Earnings — — — (1.37) (0.64) (0.53) (0.16) 0.12 0.13 0.29 0.37 n/m
Cash flow — — — 0.00 0.00 0.31 0.81 2.26 2.18 2.39 2.62 n/m
Capex — — — 0.00 0.00 0.00 0.00 (5.05) (3.02) (2.75) (2.73) n/m
Free cash flow — — — 0.00 0.00 0.31 0.81 (2.79) (0.84) (0.37) (0.10) +111.4%
Book value — — — 0.62 3.83 3.89 3.40 3.99 4.23 4.23 4.59 +37.7%
Shares, m — — — 8 401 401 383 366 363 364 364 +88.7%
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 75.50 50.00 40.96 15.04 18.82 30.3
P/S — — — — 0.00 1.64 2.30 1.89 1.67 1.04 1.47 1.4
P/B — — — — 1.95 1.41 1.89 1.50 1.39 1.08 1.51 1.5
EV/Sales — — — — 0.00 5.65 7.75 7.81 7.54 5.56 5.75 5.7
EV/FCF — — — — 24.77 (58.80) (10.13) (8.88) (31.58) (67.05) (259.47) (25.3)
Cash, $m
Cash, $m Operating cash flow — — — 0 — 126 310 827 791 868 957 n/m
Capex — — — — — (1,184) (1,075) (1,846) (1,096) (1,001) (995) (4.1%)
Free cash flow — — — 0 — 126 310 (1,019) (305) (133) (38) +298.1%
Balance, $m
Balance, $m Working capital — — — 3 1,021 447 (74) (451) (913) (1,945) (1,609) n/m
Net debt — — — (3) 3,240 4,073 5,598 6,852 7,497 7,252 7,333 n/m
Shareholders’ equity — — — 5 1,533 1,561 1,300 1,460 1,535 1,538 1,675 +159.8%
Returns, %
Returns, % ROA — — — (6.29) (6.65) (2.51) (0.63) 0.40 0.41 0.93 1.06 +7.2 pt
ROIC — — — (7.65) 0.00 0.00 0.00 0.74 0.81 5.74 7.02 +13.4 pt
ROE — — — (1.43) (33.16) (13.14) (4.38) 2.97 3.00 6.83 7.48 +8.3 pt
People
People Employees — — — 4 — 1,675 2,481 3,988 4,336 — — +304.6%
Revenue/emp, $m — — — 0.00 0.00 0.00 0.00 0.29 0.29 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

ReNew Energy Global PLC vs peers in Utilities Renewable (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CWEN Clearway Energy, Inc. $7.0B 855× — (loss-making) +22.70% (above 0%: growing) n/m +13.04% (above 0%: growing) 69.02% 24.12% Compare
ENIC Enel Chile S.A. $5.9B 10.0× — +1.00% (above 0%: growing) +14.37% (above 0%: growing) +190.61% (above 0%: growing) 36.72% 18.40% Compare
BEPC Brookfield Renewable Corporation $5.8B — (loss-making) — (loss-making) +19.78% (above 0%: growing) n/m +116.56% (above 0%: growing) 61.84% 32.69% Compare
ORA Ormat Technologies, Inc. $5.7B 42.4× 42.6× +10.17% (above 0%: growing) +30.00% (above 0%: growing) +197.66% (above 0%: growing) 28.12% 16.45% Compare
MWH SOLV Energy Inc. $4.8B — — — — — 14.68% 7.33% Compare
RNW ReNew Energy Global PLC $2.5B 18.8× 26.5× +19.35% (above 0%: growing) +41.31% (above 0%: growing) +192.68% (above 0%: growing) 80.50% 20.27%
FRVO Fervo Energy Company $2.3B — (loss-making) — (loss-making) — n/m — (170.80%) (25,435.40%) Compare
XIFR XPLR Infrastructure, LP $1.4B 3.6× 19.0× +5.40% (above 0%: growing) n/m +77.03% (above 0%: growing) 100.00% 25.00% Compare
FLNC Fluence Energy, Inc. $940.5M — (loss-making) — (loss-making) +7.85% (above 0%: growing) n/m +85.20% (above 0%: growing) 5.12% (8.85%) Compare
Median of peers $5.3B 26.2× — +9.01% — +100.88% 32.42% 17.43%

All 24 Utilities Renewable stocks →

ReNew Energy Global PLC (RNW) Latest News

4 Nov

Impact 3 · · GuruFocus.com

3 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · Moby

2 Nov

Impact 3 · · Zacks
Impact 3 · · Business Wire

22 Sep

Impact 3 · · Simply Wall St.

27 Aug

Impact 4 ·

18 Aug

Impact 4 ·
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

21 May

Impact 3 · · Zacks

20 May

Impact 4 · · Simply Wall St.

19 May

Impact 3 · · Moby transcript

18 May

Impact 4 · · GuruFocus.com
Impact 4 · · Business Wire
Impact 3 · · MarketBeat transcript
Impact 3 · · Zacks

24 Apr

Impact 4 · · Insider Monkey

20 Apr

Impact 3 ·

15 Apr

Impact 4 · · Business Wire

16 Mar

Impact 4 · · Business Wire

21 Feb

Impact 4 · · Insider Monkey

17 Feb

Impact 4 · · Moby
Impact 4 · · Simply Wall St.

16 Feb

Impact 4 · · Simply Wall St.
Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
Impact 4 · · Business Wire

17 Jan

Impact 3 · · Simply Wall St.

RNW metrics, ten years each

stockrow.com/RNW · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com