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RNW · Nasdaq · United States · Electric Services
In shortReNew Energy Global plc is profitable, generates cash and carries heavy debt, with revenue growing (+19.4% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 10.4% | 51/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.9% | 36/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 3.5% | 18/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 1.0% | 6/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.60× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 6.42× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 22.21× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.20× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 69.6% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 17.71× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 12.3% | 65/100 |
| Operating margin volatility | 13.2% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 17.8% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
INR millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 54,491 | 59,349 | 78,223 | 81,319 | 97,063 |
| Operating income | (5,083) | (12,233) | (2,563) | 8,297 | 10,056 |
| Interest expense | 38,281 | 35,667 | 43,066 | 42,051 | 49,601 |
| Pre-tax income | (5,128) | (12,233) | (2,470) | 8,142 | 10,034 |
| Income tax | 2,904 | 3,895 | 2,559 | 3,995 | 5,443 |
| Net income | (7,818) | (16,077) | (4,817) | 3,404 | 3,814 |
| Diluted EPS | −INR19.49 | −INR40.82 | −INR12.32 | INR9.92 | INR10.81 |
| Diluted shares (millions) | 484 | 127 | – | – | – |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2026 · Data updated Jul 30, 2025