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

6.93 0.00 0.00%
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) Free cash flow margin

Alert me on Free cash flow margin

ReNew Energy Global PLC's free cash flow margin over the twelve months to 30 September 2026 was −2.22%, up 6.1 percentage points from fiscal 2026 (−8.29%). Over the past ten years it has ranged from −88.0% (fiscal 2024) to 31.9% (fiscal 2023); the current reading is higher than 56% of that period. That is below the Utilities Renewable industry median of −1.11% and above the Utilities sector median of −9.94%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 −8.29% 15.59
FY2025 −23.9% 64.12
FY2024 −88.0% (119.86)
FY2023 31.9% 55.04
FY2023 −23.2% (39.29)
FY2022 16.1% 84.42
FY2022 −68.3% (68.31)
FY2021 0.00% 0.00
FY2020 0.00% —

Against its own ten years

Low −88.0% High 31.9%
Ten-year median −8.29%
Current reading's percentile 56

Free cash flow margin against peers

Company Free cash flow margin
CWEN Clearway Energy, Inc. compare 42.6%
ORA Ormat Technologies, Inc. compare 27.5%
BEPC Brookfield Renewable Corporation compare 2.96%
MWH SOLV Energy Inc. compare 2.94%
FRVO Fervo Energy Company compare 0.00%
ENIC Enel Chile S.A. compare 0.00%
RNW ReNew Energy Global PLC −2.22%
FLNC Fluence Energy, Inc. compare −5.01%
XIFR XPLR Infrastructure, LP compare −15.7%
Utilities Renewable industry median −1.11%
Utilities sector median −9.94%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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