ReNew Energy Global PLC (RNW) vs XPLR Infrastructure, LP (XIFR)

ReNew Energy Global PLC and XPLR Infrastructure, LP are both Utilities Renewable companies. ReNew Energy Global PLC is the larger, with a market value of $2.5B against $2.0B — 1.2× the size. XPLR Infrastructure, LP trades at the lower P/E: 16.2× against 21.7×. ReNew Energy Global PLC grew revenue faster over the last twelve months: 11.9% against −2.83%. ReNew Energy Global PLC has the higher net margin (6.62% vs 5.16%) and the higher return on invested capital (6.79% vs 0.00%). Across the 20 metrics below, ReNew Energy Global PLC leads on 12 and XPLR Infrastructure, LP on 8.

Valuation

Metric RNW XIFR Utilities Renewable median
P/E 21.75 16.23 18.99
P/S 1.53 0.83 2.58
P/B 1.54 0.09 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA 8.27 9.99 16.32
EV/Sales 6.00 5.43 5.43
Earnings yield 4.60% 6.16% (12.46%)
Free cash flow yield (11.03%) (41.11%) (21.58%)

Profitability

Metric RNW XIFR Utilities Renewable median
Gross margin 84.06% 100.00% 41.45%
Operating margin 59.41% 0.00% 0.00%
Net margin 6.62% 5.16% (0.87%)
Free cash flow margin (16.86%) (34.03%) (9.23%)
Return on equity 6.73% 0.57% 0.00%
Return on assets 0.95% 0.31% (2.61%)
Return on invested capital 6.79% 0.00% 0.00%

Growth

Metric RNW XIFR Utilities Renewable median
Revenue growth (TTM) 11.87% (2.83%) 10.25%
EPS growth (last fiscal year) 123.08% (172.73%) —
Revenue growth, 5-year CAGR 15.47% 5.31% 6.29%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RNW XIFR Utilities Renewable median
Debt to equity 5.15 0.57 0.59
Current ratio 0.43 1.27 1.16
Net debt to EBITDA 6.64 11.37 2.66

Dividend

Metric RNW XIFR Utilities Renewable median
Dividend yield — 12.82% 5.61%
Payout ratio 0.00 1.92 0.00

Size

Metric RNW XIFR Utilities Renewable median
Market cap 2.50b 2.02b 239.67m

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