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ReNew Energy Global
(NASDAQ:RNW)
ReNew Energy Global (RNW) vs. SPDR S&P 500 ETF (SPY)
ReNew Energy Global Business Overview & Revenue Model
ReNew Energy Global Earnings Call Summary
ReNew Energy Global Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.78B | 97.06B | 81.32B | 78.22B | 59.35B | 48.19B |
| Gross Profit | 102.54B | 88.47B | 77.47B | 71.27B | 59.02B | 47.76B |
| EBITDA | 91.67B | 81.08B | 68.75B | 57.45B | 37.98B | 42.63B |
| Net Income | 8.29B | 3.81B | 3.40B | -4.82B | -16.08B | -7.82B |
Balance Sheet | ||||||
| Total Assets | 1.01T | 959.80B | 873.93B | 746.49B | 641.34B | 492.05B |
| Cash, Cash Equivalents and Short-Term Investments | 111.03B | 81.34B | 79.67B | 80.63B | 79.27B | 47.24B |
| Total Debt | 760.30B | 732.28B | 655.66B | 536.58B | 447.71B | 351.65B |
| Total Liabilities | 873.97B | 828.69B | 752.24B | 628.09B | 514.97B | 427.31B |
| Stockholders Equity | 122.13B | 112.60B | 105.22B | 106.85B | 118.44B | 62.08B |
Cash Flow | ||||||
| Free Cash Flow | 4.72B | -26.09B | -84.91B | -24.70B | -47.44B | 7.60B |
| Operating Cash Flow | 78.18B | 67.56B | 68.93B | 66.67B | 42.39B | 32.08B |
| Investing Cash Flow | -66.11B | -74.16B | -162.53B | -79.99B | -124.75B | -17.41B |
| Financing Cash Flow | 9.25B | 19.98B | 82.42B | 23.02B | 90.04B | -7.08B |
ReNew Energy Global Technical Analysis
ReNew Energy Global Risk Analysis
ReNew Energy Global Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $3.14B | 24.26 | 6.96% | 1.00% | 45.09% | 50.54% | |
70 Neutral | $7.26B | 15.39 | 13.20% | 5.35% | 2.54% | 124.89% | |
70 Neutral | $7.26B | 14.48 | 13.20% | 5.69% | 2.54% | 124.89% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | $3.27B | ― | -4.45% | ― | 14.26% | 20.99% | |
61 Neutral | $2.71B | 26.10 | 7.64% | ― | 42.09% | 219.69% | |
51 Neutral | $7.59B | ― | -38.17% | 3.32% | 5.93% | -39.88% |
ReNew Energy Global Corporate Events
On November 10, 2025, ReNew Energy Global announced its unaudited financial results for the second quarter and first half of fiscal 2026, ending September 30, 2025. The company reported a substantial increase in total income and net profit compared to the previous year, driven by expanded operational capacity and external sales from its solar module and cell manufacturing operations. Despite a slight decline in net profit for Q2 FY26 compared to Q2 FY25, the overall financial performance was bolstered by a 12.8% increase in commissioned capacity and a 10.9% rise in electricity sold in H1 FY26. The results reflect ReNew’s strategic growth in renewable energy capacity and its effective capital recycling strategy, positioning it favorably in the renewable energy market.
ReNew Energy Global Plc has announced an agreement in principle regarding the financial terms of a potential cash offer from a consortium including Masdar, CPP Investments, ADIA, and Sumant Sinha to acquire shares not already owned by them. The offer, valued at $8.15 per share, represents a significant premium over previous share prices. The Special Committee of ReNew, led by Manoj Singh, has indicated support for the offer, pending final terms and regulatory clearances. JERA Nex, a significant shareholder, is also inclined to support the offer if it proceeds to a formal vote, highlighting potential shifts in ownership and strategic direction for ReNew.
On October 14, 2025, ReNew Energy Global Plc announced it received a best and final non-binding offer from a consortium including Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board, and others, to acquire all shares not owned by them. This proposal offers a 15.3% increase from a previous offer and a 41.5% premium over the 30-day average share price as of December 2024. The company’s Special Committee is evaluating the proposal with independent advisors, and discussions with the consortium are ongoing, though no assurance can be given about the transaction’s outcome.
On October 8, 2025, ReNew Energy Global announced the sale of its 300 MW solar project in Rajasthan to Sembcorp Green Infra Private Limited for approximately $191 million. This transaction, involving the ReNew Sun Bright project commissioned in November 2021, is expected to generate about $98 million in cash inflow for ReNew, enhancing its liquidity and strategic repositioning in the renewable energy market.
On September 30, 2025, ReNew Energy Global PLC announced ongoing discussions with a consortium, including Masdar and CPP Investments, regarding a revised offer to acquire the company’s remaining shares. The consortium plans to present this offer by October 10, 2025. The outcome of these negotiations could significantly impact ReNew’s market positioning and shareholder value, although no assurances can be made about the transaction’s final terms or completion.
On September 29, 2025, ReNew Energy Global Plc announced the receipt of investment proceeds from British International Investment PLC, amounting to INR 8,700 million (~US$100 million), for its solar manufacturing business. This investment will be used to construct a new 4 GW TOPCon cell facility in Dholera, Gujarat, and expand the business. BII will acquire up to a 10% shareholding in ReNew Photovoltaics, ReNew’s solar manufacturing arm, with the exact percentage contingent on the FY26 standalone EBITDA of ReNew Photovoltaics.
ReNew Energy Global Plc announced the results of its fourth Annual General Meeting held on September 18, 2025, in London. All resolutions, including the approval of the annual reports, directors’ remuneration, and the re-appointment of non-executive independent directors, were passed with the requisite majority. The meeting also saw the reappointment of KNAV Limited as the company’s auditor and authorized the Board to determine the auditor’s remuneration. These developments reflect the company’s stable governance and strategic direction, reinforcing its position in the clean energy sector.
ReNew Energy Global PLC has announced its fourth Annual General Meeting (AGM) scheduled for September 18, 2025, in London. The company has also released its Annual Report for the financial year ending March 31, 2025, which is available on their website. The AGM will address various resolutions, including the approval of the annual accounts, directors’ remuneration report and policy, re-appointment of directors, and re-appointment of the auditor. The board recommends voting in favor of all proposed resolutions, emphasizing their importance for the company’s success.
On August 13, 2025, ReNew Energy Global Plc announced its unaudited financial results for the first quarter of fiscal year 2026, reporting a significant increase in total income and net profit compared to the previous year. The company’s commissioned capacity grew by 15.8% year-over-year, and its revenue from power sales and manufacturing operations showed substantial growth. ReNew’s strategic focus on expanding its operational capacity and capital recycling through asset sales has led to improved financial performance, positioning the company strongly within the renewable energy sector.