ReNew Energy Global Plc(RNW)Earnings, Financials & Key Ratios
RNW•NASDAQ•Utilities
$6.01
19.2× P/E·Price updated Jul 7, 2026
AboutReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company also provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. As of March 31, 2022, its portfolio consisted of 10.69 GW of wind and solar energy projects, hydro, firm power projects, and distributed solar energy projects, of which 7.57 GW projects were commissioned and 3.12 GW were committed. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.Show more
- Revenue$139.1B+43.3%
- EBITDA$88.44B+21.9%
- Net Income$10.93B+186.5%
- Free Cash Flow-$77.18B-195.8%
- EBITDA Margin63.58%-15.0%
- Net Margin7.86%+99.9%
- ROE8.02%+165.7%
- Interest Coverage0.93-99.1%
- Debt/Equity5.40-3.3%
RNW Price & Volume
ReNew Energy Global Plc (RNW) stock price & volume — 10-year historical chart
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Aggressive Asset Expansion Masks Persistent Liquidity Risks
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:High leverage and volatility
Key Thesis Takeaways
- ReNew Energy Global is currently navigating a high-risk growth phase characterized by massive capital deployment that has yet to yield consistent profitability or stable cash flows.
- While the company has expanded its net PPE to $811.8 billion as of 2025Q4, the reliance on external financing and volatile operating margins suggests significant execution risk.
- Investors should monitor the company's ability to stabilize its current ratio, which has deteriorated to 0.42, as the current capital-intensive strategy remains highly sensitive to market-based funding conditions.
Verdict Logic
the company's inability to generate positive free cash flow, coupled with a deteriorating current ratio of 0.42, suggests that the current valuation of 19.62x TTM P/E may not adequately reflect the underlying liquidity and operational risks.
RNW Growth Metrics
ReNew Energy Global Plc (RNW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years36.63%
5 Years23.62%
3 Years21.15%
TTM36.92%
Profit CAGR
10 Years29.62%
5 Years-
3 Years-
TTM172.56%
EPS CAGR
10 Years24.15%
5 Years-
3 Years-
TTM233.13%
Return on Capital
10 Years7.39%
5 Years7.22%
3 Years7.28%
Last Year8.15%
RNW Recent Earnings
ReNew Energy Global Plc (RNW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (73%)●Beat Revenue 9/12 qtrs (82%)
Q2 2026Latest
May 18, 2026Metric
Actual
Est
EPS
$0.02+113.4%
$0.15
Rev
$423M+37.4%
$308M
Q1 2026
Feb 16, 2026Metric
Actual
Est
EPS
$0.00+98.5%
$0.12
Rev
$349M+31.4%
$266M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.13-23.5%
$0.17
Rev
$434M+7.9%
$402M
Q3 2025
Aug 13, 2025Metric
Actual
Est
EPS
$0.16+45.5%
$0.11
Rev
$480M+26.6%
$379M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 18, 2026 | $0.02vs $0.15+113.4% | $423Mvs $308M+37.4% |
| Q1 2026 | Feb 16, 2026 | $0.00vs $0.12+98.5% | $349Mvs $266M+31.4% |
| Q4 2025 | Nov 10, 2025 | $0.13vs $0.17-23.5% | $434Mvs $402M+7.9% |
| Q3 2025 | Aug 13, 2025 | $0.16vs $0.11+45.5% | $480Mvs $379M+26.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for ReNew Energy Global Plc (RNW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.01 | $2.19B | 19.21 | 43.31% | 7.86% | 8.02% | — | |
| $33.48 | $6.88B | 23.58 | 4.23% | 0.13% | 0.03% | — | |
| $32.93 | $9.99B | -488.58 | 10.95% | 3.01% | 0.56% | — | |
| $6.62 | $1.02B | -9.07 | 40.22% | -5.56% | -20.64% | — | |
| $12.20 | $2.91B | 7.13 | 45.11% | 17.9% | 12.42% | — | |
| $0.59 | $97.18M | -8.87 | 2.92% | -8.66% | — | — |
Compare RNW vs Peers
ReNew Energy Global Plc (RNW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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RNW Frequently Asked Questions
ReNew Energy Global Plc (RNW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is ReNew Energy Global Plc's revenue?
ReNew Energy Global Plc (RNW) reported $132.90B in revenue for fiscal year 2025. This represents a 33632% increase from $394.0M in 2012.
How fast is ReNew Energy Global Plc growing?
ReNew Energy Global Plc (RNW) grew revenue by 43.3% over the past year. This is strong growth.
Is RNW profitable?
Yes, ReNew Energy Global Plc (RNW) is profitable, generating $10.40B in net income for fiscal year 2025 (7.9% net margin).
Dividend & Returns
What is RNW's return on equity?
ReNew Energy Global Plc (RNW) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
What is ReNew Energy Global Plc's free cash flow?
ReNew Energy Global Plc (RNW) had negative free cash flow of $48.01B in fiscal year 2025, likely due to heavy capital investments.