RNW Stock Analysis: Renew Energy Global | NASDAQ
Utilities - Renewable | NASDAQ, USA | Market Cap: 2.248m USD | 12M Return: -8.8% | GB00BNQMPN80 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.63M
Qual. Beats: 2
Rev. Trend: 91.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 5.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ReNew Energy Global Plc (NASDAQ: RNW) is a London-headquartered, India-focused renewable energy independent power producer (IPP) that generates power from non-conventional and renewable sources. Founded in 2011 and listed on NASDAQ since February 2021, the company operates across five segments: Wind Power, Solar Power, Hydro Power, Transmission Line, and Manufacturing.
Its business spans the full project lifecycle, including the development and ownership of utility-scale wind, solar, and firm power projects, as well as corporate wind and solar energy projects. Beyond generation, ReNew offers operation and maintenance, consultancy, and engineering, procurement, and construction (EPC) services. As of May 31, 2025, the company operated a total clean energy portfolio capacity of 18.46 GWs. ReNew is classified under the Utilities sector (Electric Utilities sub-industry) within the GICS framework, with a mid-cap market capitalization of approximately $2.34 billion USD.
As one of Indias largest renewable energy IPPs, ReNew operates within a sector that has been supported by the Indian governments renewable purchase obligations and competitive reverse-auction bidding mechanisms, which have driven aggressive cost reductions in solar and wind generation across the country.
- Solar capacity additions accelerate ahead of Indias 500 GW target
- DISCOM payment delays squeeze working capital and receivables
- Solar manufacturing margins face module import duty pressure
| Net Income: 10.4b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 0.20 > 1.0 |
| NWC/Revenue: -140.1% < 20% (prev -80.42%; Δ -59.71% < -1%) |
| CFO/TA 0.06 > 3% & CFO 61.7b > Net Income 10.4b |
| Net Debt (703b) to EBITDA (103b): 6.85 < 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 91.15%; Δ -21.10% > 0.5%) |
| Asset Turnover: 13.32% > 50% (prev 10.11%; Δ 3.21% > 0%) |
| Interest Coverage Ratio: 1.22 > 6 (EBIT TTM 75.8b / 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: 0.08 (EBIT TTM 75.8b / Avg Total Assets 997b) |
| D: 0.14 (Book Value of Equity 123b / Total Liabilities 894b) |
| Altman-Z'' = -0.66 = B |
| DSRI: 0.72 (Receivables 20.2b/20.4b, Revenue 133b/97.1b) |
| GMI: 1.30 (GM 91.15% / 70.05%) |
| AQI: 1.17 (AQ_t 0.09 / AQ_t-1 0.07) |
| SGI: 1.37 (Revenue 133b / 97.1b) |
| TATA: -0.05 (NI 10.4b - CFO 61.7b) / TA 1035b) |
| Beneish M = -2.62 (Cap -4..+1) = A |
As of August 12, 2026, the stock is trading at USD 6.85 with a total of 23,647,730 shares traded. Over the past week, the price has changed by +8.90%, over one month by +11.38%, over three months by +21.02% and over the past year by -8.79%.
Current recommended Stop Loss: 6.60 (which is 3.6% or 1.4 ATR below the current price).
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 | 8 | 16.2% |
Market Cap INR = 215b (2.25b USD * 95.44 USD.INR)
P/E Trailing = 21.2759
P/E Forward = 19.9203
P/S = 0.017
P/B = 1.7012
Revenue TTM = 133b INR
EBIT TTM = 75.8b INR
EBITDA TTM = 103b INR
Long Term Debt = 527b INR (from longTermDebt, last quarter)
Short Term Debt = 244b INR (from shortTermDebt, last quarter)
Debt = 778b INR (from shortLongTermDebtTotal, last quarter) + Leases 13.6b
Net Debt = 703b INR (calculated: Debt 778b - CCE 75.3b)
Enterprise Value = 918b INR (215b + Debt 778b - CCE 75.3b)
Interest Coverage Ratio = 1.22 (Ebit TTM 75.8b / Interest Expense TTM 62.1b)
EV/FCF = -35.20x (Enterprise Value 918b / FCF TTM -26.1b)
FCF Yield = -2.84% (FCF TTM -26.1b / Enterprise Value 918b)
FCF Margin = -19.61% (FCF TTM -26.1b / 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 = 0.89 (Enterprise Value 918b / Total Assets 1035b)
Interest Expense / Debt = 7.98% (Interest Expense 62.1b / Debt 778b)
Taxrate = 23.72% (3.23b / 13.6b)
NOPAT = 57.8b (EBIT 75.8b * (1 - 23.72%))
Current Ratio = 0.42 (Total Current Assets 133b / Total Current Liabilities 319b)
Debt / Equity = 6.31 (Debt 778b / totalStockholderEquity, last quarter 123b)
Debt / EBITDA = 6.85 (Net Debt 703b / EBITDA 103b)
Debt / FCF = -26.97 (negative FCF - burning cash) (Net Debt 703b / FCF TTM -26.1b)
Total Stockholder Equity = 122b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.04% (Net Income 10.4b / Total Assets 1035b)
RoE = 8.54% (Net Income TTM 10.4b / Total Stockholder Equity 122b)
RoCE = 11.67% (EBIT 75.8b / Capital Employed (Equity 122b + L.T.Debt 527b))
RoIC = 6.06% (NOPAT 57.8b / Invested Capital 953b)
WACC = 6.53% (E(215b)/V(993b) * Re(8.14%) + D(778b)/V(993b) * Rd(7.98%) * (1-Tc(0.24)))
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.82 | Cagr: 0.93%
[DCF] Fair Price = unknown (Cash Flow -26.1b)
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=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=15.49 | Chg30d=+6.73% | Revisions=+25% | Analysts=1
EPS current Year (2027-03-31): EPS=27.17 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=-2.3% | GrowthRev=+16.1%
EPS next Year (2028-03-31): EPS=70.84 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+160.8% | GrowthRev=+22.2%
[Analyst] Revisions Ratio: +22% (up=4, down=2)