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ReNew Energy Global Plc

ReNew Energy Global Plc

NASDAQ•RNW
CEO: Mr. Sumant Sinha
Sector: Utilities
Industry: Renewable Utilities
Listing Date: 2021-02-01
ReNew Energy Global Plc, together with its subsidiaries, generates power through non-conventional and renewable energy sources in India. It operates through four segments: Wind Power, Solar Power, Hydro Power, and Transmission Line. The company develops and owns utility scale wind and solar energy projects, wind and solar energy projects, and utility-scale firm power projects. It had a total operational capacity of 9.52 GW, out of which 8.87 GW is commissioned and 650 MW, and an additional 6.1 GW of committed capacity. In addition, the company provides operation and maintenance services; consultancy services; and engineering, procurement, and construction services. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.
Contact Information
50, Broadway, Suite 3, 7th Floor, London, SW1H 0DB, United Kingdom
N/A
www.renew.com
Market Cap
$1.94B
P/E (TTM)
20.3
40.5
Dividend Yield
--
52W High
$8.24
52W Low
$5.05
52W Range
9%
Rank47Top 48.2%
3.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$415.55M+35.65%
4-Quarter Trend

EPS

$0.13-13.66%
4-Quarter Trend

FCF

-$32.01M+520.89%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Growth Strong Total income reached 109,070M INR, revenue grew 19.4% to 97,063M INR for the year ended March 31, 2025.
Profitability Improves Net profit for the year was 4,591M INR, marking a 10.7% increase from 4,147M INR in the prior fiscal year.
Capacity Reaches 10.7 GW Total commissioned capacity reached 10,702 MW as of March 31, 2025, with 7.29 GW additional committed capacity.
ESG Ratings Leap S&P CSA ESG score jumped to 73 from 55 in 2024; ranked first globally in Electric Utilities & IPPs category by Refinitiv.

Risk Factors

Project Development Uncertainties Developing projects faces risks from unfavorable environmental conditions, potentially causing electricity production and revenue to fall below expectations.
Revenue Concentration Risk Majority of revenue relies on PPAs with state utilities; one customer accounted for over 10% of total income in FY2025.
Regulatory/Legal Exposure Ongoing tax disputes, legal proceedings, and Supreme Court matters regarding GBI claims pose material uncertainty to financials.
High Indebtedness Levels Total borrowings stand at 723.0B INR; meeting debt obligations depends on sustained cash flow generation and refinancing ability.

Outlook

Deepen Value Chain Presence Strategy focuses on deepening presence in solar manufacturing (4 GW cell facility expansion) and in-house EPC/O&M capabilities.
Focus on Intelligent Energy Investing in hybrid and storage capabilities, aiming to build robust pipeline of utility-scale BESS linked projects in India.
Maintain Capital Discipline Intend to continue deploying prudent bidding approach, targeting pre-determined internal rates of return across new projects.
Consortium Offer Pending Actively evaluating final non-binding offer from Consortium to acquire remaining shares for US$ 8.00 per share cash consideration.

Peer Comparison

Revenue (TTM)

Fluence Energy, Inc.FLNC
$2.26B
-16.1%
Avista CorporationAVA
$1.96B
+2.1%
NorthWestern Energy Group, Inc.NWE
$1.57B
+4.9%

Gross Margin (Latest Quarter)

NorthWestern Energy Group, Inc.NWE
83.4%
+25.1pp
ReNew Energy Global PlcRNW
82.8%
-16.1pp
Avista CorporationAVA
71.5%
+7.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NWE$3.86B17.87.5%38.0%
OTTR$3.44B12.316.0%27.1%
KEN$3.41B7.531.3%29.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
23.9%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 17, 2026
|
EPS:-$0.08
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Mar 31, 2025|Filed: Jul 30, 2025|
    Revenue: $1.15B+19.4%
    |
    EPS: $0.13+9.9%
    Beat

  • Form 20-F - FY 2023

    Period End: Mar 31, 2024|Filed: Jul 30, 2024|
    Revenue: $982.60M+4.0%
    |
    EPS: $0.12+173.7%
    Beat

  • Form 20-F - FY 2022

    Period End: Mar 31, 2023|Filed: Jul 31, 2023|
    Revenue: $972.51M+31.8%
    |
    EPS: $-0.17+66.8%
    Miss

  • Form 20-F - FY 2021

    Period End: Mar 31, 2022|Filed: Jul 25, 2022|
    Revenue: $791.42M+23.2%
    |
    EPS: $-0.54-103.2%
    Miss

  • Form 20-F/A - FY 2020

    Period End: Aug 23, 2021|Filed: Sep 24, 2021|
    Revenue: $649.32M-0.5%
    |
    EPS: $-0.27-183.7%
    N/A

  • Form 20-F - FY 2020

    Period End: Aug 23, 2021|Filed: Aug 27, 2021|Refer to amended data