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) Gross margin

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ReNew Energy Global PLC's gross margin over the twelve months to 30 September 2026 was 81.9%, down 1.3 percentage points from fiscal 2026 (83.1%). Over the past ten years it has ranged from 21.2% (fiscal 2021) to 99.6% (fiscal 2022); the current reading is higher than 50% of that period. That is above the Utilities Renewable industry median of 40.6% and above the Utilities sector median of 58.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 83.1% (7.25)
FY2025 90.4% (5.66)
FY2024 96.0% 32.11
FY2023 63.9% (28.26)
FY2023 92.2% 23.38
FY2022 68.8% (30.76)
FY2022 99.6% 78.37
FY2021 21.2% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 80.5% (2.70)
Jun 2026 83.2% (0.43)
Mar 2026 83.6% 3.40
Dec 2025 80.2% (8.25)
18 more quarters

Against its own ten years

Low 21.2% High 99.6%
Ten-year median 86.7%
Current reading's percentile 11

Gross margin against peers

Company Gross margin
XIFR XPLR Infrastructure, LP compare 100.0%
RNW ReNew Energy Global PLC 81.9%
CWEN Clearway Energy, Inc. compare 64.4%
BEPC Brookfield Renewable Corporation compare 60.1%
ENIC Enel Chile S.A. compare 40.6%
ORA Ormat Technologies, Inc. compare 28.4%
MWH SOLV Energy Inc. compare 16.8%
FLNC Fluence Energy, Inc. compare 9.34%
FRVO Fervo Energy Company compare 0.00%
Utilities Renewable industry median 40.6%
Utilities sector median 58.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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