(RNW) Renew Energy Global - Overview
Sector: Utilities | Industry: Utilities - Renewable | Exchange: NASDAQ (USA) | Market Cap: 2.327m USD | Total Return: -3.4% in 12m
Avg Turnover: 6.67M
Qual. Beats: 2
Rev. Trend: 91.4%
Qual. Beats: 0
Warnings
High Debt/EBITDA (7.9) with thin interest coverage (1.0)
High Debt while negative Cash Flow
Interest Coverage Ratio 1.0 is critical
Altman Z'' -0.93 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
ReNew Energy Global PLC (RNW) is a renewable energy producer focused on the Indian market. The company develops, owns, and operates utility-scale wind, solar, and hydro power projects, while also maintaining business units for power transmission and equipment manufacturing. Beyond power generation, the firm provides engineering, procurement, construction (EPC), and consultancy services for clean energy infrastructure.
The company operates within India’s rapidly expanding renewable sector, which utilizes a competitive bidding process for long-term Power Purchase Agreements (PPAs) that typically span 25 years. This utility-scale model provides predictable revenue streams backed by government-linked off-takers. As of May 2025, the company manages a total capacity of 18.46 GWs.
Investors can evaluate the companys valuation metrics and growth trajectory further on ValueRay. Founded in 2011 and headquartered in London, ReNew Energy Global functions as a key independent power producer in the transition toward non-conventional energy sources.
- Indian government renewable energy targets drive utility-scale project pipeline expansion
- Higher interest rates increase debt servicing costs for capital-intensive infrastructure
- Solar module manufacturing vertical integration improves supply chain cost efficiency
- Corporate power purchase agreements stabilize long-term revenue via fixed-price contracts
- Transmission infrastructure development accelerates grid connectivity and energy dispatch capacity
| Net Income: 10.4b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -0.99 > 1.0 |
| NWC/Revenue: -140.1% < 20% (prev -80.42%; Δ -59.71% < -1%) |
| CFO/TA 0.05 > 3% & CFO 49.8b > Net Income 10.4b |
| Net Debt (700b) to EBITDA (88.9b): 7.87 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (370.6m) vs 12m ago 1.16% < -2% |
| Gross Margin: 70.05% > 18% (prev 0.91%; Δ 6.91k% > 0.5%) |
| Asset Turnover: 13.32% > 50% (prev 10.11%; Δ 3.21% > 0%) |
| Interest Coverage Ratio: 1.00 > 6 (EBITDA TTM 88.9b / Interest Expense TTM 62.1b) |
| A: -0.18 (Total Current Assets 133b - Total Current Liabilities 319b) / Total Assets 1035b |
| B: -0.04 (Retained Earnings -42.4b / Total Assets 1035b) |
| C: 0.06 (EBIT TTM 62.0b / Avg Total Assets 997b) |
| D: -0.03 (Book Value of Equity -28.9b / Total Liabilities 894b) |
| Altman-Z'' = -0.93 = CCC |
| DSRI: 0.72 (Receivables 20.2b/20.4b, Revenue 133b/97.1b) |
| GMI: 1.30 (GM 70.05% / 91.15%) |
| AQI: 1.17 (AQ_t 0.09 / AQ_t-1 0.07) |
| SGI: 1.37 (Revenue 133b / 97.1b) |
| TATA: -0.04 (NI 10.4b - CFO 49.8b) / TA 1035b) |
| Beneish M = -2.65 (Cap -4..+1) = A |
As of June 03, 2026, the stock is trading at USD 6.52 with a total of 2,573,355 shares traded.
Over the past week, the price has changed by +10.14%,
over one month by +21.19%,
over three months by +17.90% and
over the past year by -3.41%.
Renew Energy Global has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy RNW.
- StrongBuy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 7.9 | 21.3% |
P/E Trailing = 22.8214
P/E Forward = 20.6186
P/S = 0.0176
P/B = 1.7862
Revenue TTM = 133b USD
EBIT TTM = 62.0b USD
EBITDA TTM = 88.9b USD
Long Term Debt = 545b USD (from longTermDebt, two quarters ago)
Short Term Debt = 244b USD (from shortTermDebt, last quarter)
Debt = 775b USD (from shortLongTermDebtTotal, last quarter) + Leases 10.5b
Net Debt = 700b USD (calculated: Debt 775b - CCE 75.3b)
Enterprise Value = 702b USD (2.33b + Debt 775b - CCE 75.3b)
Interest Coverage Ratio = 1.00 (Ebit TTM 62.0b / Interest Expense TTM 62.1b)
EV/FCF = -18.31x (Enterprise Value 702b / FCF TTM -38.3b)
FCF Yield = -5.46% (FCF TTM -38.3b / Enterprise Value 702b)
FCF Margin = -28.86% (FCF TTM -38.3b / Revenue TTM 133b)
Net Margin = 7.82% (Net Income TTM 10.4b / Revenue TTM 133b)
Gross Margin = 70.05% ((Revenue TTM 133b - Cost of Revenue TTM 39.8b) / Revenue TTM)
Gross Margin QoQ = 48.88% (prev 56.61%)
Tobins Q-Ratio = 0.68 (Enterprise Value 702b / Total Assets 1035b)
Interest Expense / Debt = 8.01% (Interest Expense 62.1b / Debt 775b)
Taxrate = 3.72% (30.5m / 819.6m)
NOPAT = 59.7b (EBIT 62.0b * (1 - 3.72%))
Current Ratio = 0.42 (Total Current Assets 133b / Total Current Liabilities 319b)
Debt / Equity = 6.28 (Debt 775b / totalStockholderEquity, last quarter 123b)
Debt / EBITDA = 7.87 (Net Debt 700b / EBITDA 88.9b)
Debt / FCF = -18.25 (negative FCF - burning cash) (Net Debt 700b / FCF TTM -38.3b)
Total Stockholder Equity = 122b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.04% (Net Income 10.4b / Total Assets 1035b)
RoE = 6.33% (Net Income TTM 10.4b / Total Stockholder Equity 164b)
RoCE = 8.74% (EBIT 62.0b / Capital Employed (Equity 164b + L.T.Debt 545b))
RoIC = 6.22% (NOPAT 59.7b / Invested Capital 960b)
WACC = 7.72% (E(2.33b)/V(778b) * Re(7.88%) + D(775b)/V(778b) * Rd(8.01%) * (1-Tc(0.04)))
Discount Rate = 7.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 0.93%
[DCF] Fair Price = unknown (Cash Flow -38.3b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 4.0 | # QB: 2
Revenue Correlation: 91.42 | Revenue CAGR: 22.50% | SUE: 0.11 | # QB: 0
EPS current Quarter (2026-06-30): EPS=11.62 | Chg30d=-1.48% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=15.49 | Chg30d=+6.73% | Revisions=+20% | Analysts=1
EPS current Year (2027-03-31): EPS=21.30 | Chg30d=-18.82% | Revisions=+20% | GrowthEPS=-23.4% | GrowthRev=+21.9%
EPS next Year (2028-03-31): EPS=69.91 | Chg30d=+9.46% | Revisions=+20% | GrowthEPS=+228.3% | GrowthRev=+22.1%
[Analyst] Revisions Ratio: -20%