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) Operating margin

Alert me on Operating margin

ReNew Energy Global PLC's operating margin over the twelve months to 30 September 2026 was 59.0%, up 8.7 percentage points from fiscal 2026 (50.3%). Over the past ten years it has ranged from 0.00% (fiscal 2020) to 100.3% (fiscal 2023); the current reading is higher than 60% of that period. That is above the Utilities Renewable industry median of 0.00% and above the Utilities sector median of 18.7%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 50.3% 41.12
FY2025 9.16% 0.61
FY2024 8.55% (91.73)
FY2023 100.3% 46.09
FY2023 54.2% (15.89)
FY2022 70.1% 11.20
FY2022 58.9% 16.50
FY2021 42.4% 42.38
FY2020 0.00% 0.00
FY2020 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 20.3% (29.73)
Jun 2026 50.0% (142.69)
Mar 2026 192.7% 194.12
Dec 2025 −1.43% (15.72)
19 more quarters

Against its own ten years

Low 0.00% High 100.3%
Ten-year median 46.3%
Current reading's percentile 79

Operating margin against peers

Company Operating margin
RNW ReNew Energy Global PLC 59.0%
BEPC Brookfield Renewable Corporation compare 27.1%
ENIC Enel Chile S.A. compare 23.0%
ORA Ormat Technologies, Inc. compare 16.7%
CWEN Clearway Energy, Inc. compare 13.4%
XIFR XPLR Infrastructure, LP compare 6.40%
MWH SOLV Energy Inc. compare 5.05%
FRVO Fervo Energy Company compare 0.00%
FLNC Fluence Energy, Inc. compare −4.23%
Utilities Renewable industry median 0.00%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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