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

ReNew Energy Global PLC (RNW) Debt to equity

Alert me on Debt to equity

ReNew Energy Global PLC's debt to equity at the end of the quarter to 30 September 2026 was 5.1×, down 0.3× from fiscal 2026 (5.4×). Over the past ten years it has ranged from 0.0× (fiscal 2020) to 5.6× (fiscal 2025); the current reading is higher than 89% of that period. That is above the Utilities Renewable industry median of 0.4× and above the Utilities sector median of 1.2×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2026 5.4× (3.59%)
FY2025 5.6× 3.94%
FY2024 5.3× 6.40%
FY2023 5.0× 16.67%
FY2023 4.3× 30.15%
FY2022 3.3× 7.69%
FY2022 3.1× 3.76%
FY2021 3.0× —
FY2020 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 5.1× (1.89%)
Jun 2026 5.2× (3.80%)
Mar 2026 5.4× (0.60%)
Dec 2025 5.4× 0.21%
20 more quarters

Against its own ten years

Low 0.0× High 5.6×
Ten-year median 4.3×
Current reading's percentile 89

Debt to equity against peers

Company Debt to equity
ENIC Enel Chile S.A. compare 0.0×
ORA Ormat Technologies, Inc. compare 0.0×
MWH SOLV Energy Inc. compare 0.1×
FRVO Fervo Energy Company compare 0.1×
XIFR XPLR Infrastructure, LP compare 0.6×
FLNC Fluence Energy, Inc. compare 0.9×
CWEN Clearway Energy, Inc. compare 1.7×
BEPC Brookfield Renewable Corporation compare 2.3×
RNW ReNew Energy Global PLC 5.1×
Utilities Renewable industry median 0.4×
Utilities sector median 1.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on RNW