NASDAQ : RNW
ReNew Energy Global Plc — Financial statements
Utilities · Utilities - Renewable · United Kingdom
Last price 6.85 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.50B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
ReNew Energy Global Plc (RNW) reported revenue of 137.78B INR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 137.78B | 132.20B | 97.06B | 81.32B | 78.22B | 59.35B |
| Operations & Maintenance | 294.00M | 294.00M | 157.00M | 243.00M | 177.00M | |
| Selling, General & Admin | 1.10B | 1.10B | 1.40B | 1.80B | 2.13B | 2.47B |
| Depreciation & Amortization | 27.05B | 25.77B | 20.67B | 17.58B | 15.90B | 13.76B |
| Other Operating Expenses | 45.74B | 42.12B | 22.56B | 16.72B | 17.11B | 6.71B |
| Total Operating Expenses | 74.19B | 69.28B | 44.78B | 36.34B | 35.32B | 22.94B |
| Operating Income | 63.59B | 62.91B | 52.28B | 44.97B | 42.90B | 36.41B |
| Interest Expense | -58.78B | -57.71B | -49.60B | -42.05B | -43.07B | -35.67B |
| Interest Income | 3.98B | 4.06B | 3.97B | 4.09B | 2.18B | 1.80B |
| Net Interest Expense | -54.80B | -53.65B | -45.63B | -37.96B | -40.89B | -33.87B |
| Income (Loss) on Equity Investments | -375.00M | -377.00M | -22.00M | -155.00M | 93.00M | |
| Other Non-Operating Income (Expenses) | -669.00M | -1.75B | -502.00M | -2.59B | -2.76B | -14.47B |
| EBT Excluding Unusual Items | 7.75B | 7.14B | 6.12B | 4.27B | -653.00M | -11.93B |
| Impairment of Goodwill | -812.00M | -812.00M | ||||
| Gain (Loss) on Sale of Investments | 634.00M | 634.00M | 103.00M | 90.00M | 114.00M | 21.00M |
| Gain (Loss) on Sale of Assets | 2.88B | 2.88B | 3.07B | 3.37B | -2.00M | 223.00M |
| Asset Writedown | 603.00M | 603.00M | -630.00M | -129.00M | ||
| Insurance Settlements | 1.23B | 1.23B | 907.00M | 758.00M | 470.00M | 265.00M |
| Other Unusual Items | 1.95B | 1.95B | -173.00M | -340.00M | -1.77B | -686.00M |
| Pretax Income | 14.23B | 13.62B | 10.03B | 8.14B | -2.47B | -12.23B |
| Income Tax Expense | 3.02B | 3.23B | 5.44B | 4.00B | 2.56B | 3.90B |
| Earnings From Continuing Ops. | 11.21B | 10.38B | 4.59B | 4.15B | -5.03B | -16.13B |
| Minority Interest in Earnings | -544.00M | -544.00M | -777.00M | -743.00M | 212.00M | 51.00M |
| Net Income | 10.66B | 9.84B | 3.81B | 3.40B | -4.82B | -16.08B |
| Preferred Dividends & Other Adjustments | -196.00M | -196.00M | -145.00M | -230.00M | -100.00M | |
| Net Income to Common | 10.86B | 10.04B | 3.96B | 3.63B | -4.72B | -16.08B |
| Shares Outstanding (Basic) | 364.09M | 363.67M | 362.67M | 365.51M | 382.53M | 369.65M |
| Shares Outstanding (Diluted) | 366.58M | 366.38M | 366.13M | 368.52M | 382.53M | 369.65M |
| EPS (Basic) | 29.82 | 27.60 | 10.92 | 9.94 | -12.33 | -43.49 |
| EPS (Diluted) | 29.78 | 27.24 | 10.81 | 9.92 | -12.33 | -43.49 |
| Free Cash Flow | -17.48B | -12.53B | -26.09B | -84.91B | -20.79B | -47.44B |
| Free Cash Flow Per Share | -47.67 | -34.19 | -71.27 | -230.40 | -54.35 | -128.34 |
| Profit Margin | 7.88% | 7.59% | 4.08% | 4.47% | -6.03% | -27.09% |
| Free Cash Flow Margin | -12.68% | -9.48% | -26.88% | -104.41% | -26.58% | -79.93% |
| EBITDA | 90.10B | 88.13B | 72.81B | 61.95B | 58.34B | 49.89B |
| EBITDA Margin | 65.39% | 66.67% | 75.01% | 76.18% | 74.58% | 84.06% |
| D&A For EBITDA | 26.50B | 25.22B | 20.52B | 16.98B | 15.44B | 13.48B |
| EBIT | 63.59B | 62.91B | 52.28B | 44.97B | 42.90B | 36.41B |
| EBIT Margin | 46.16% | 47.59% | 53.86% | 55.31% | 54.84% | 61.35% |
| Effective Tax Rate | 21.25% | 23.75% | 54.25% | 49.07% | ||
| Revenue as Reported | 157.32B | 150.63B | 109.07B | 96.53B | 89.31B | 69.19B |
Balance sheet
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 76.83B | 22.84B | 40.42B | 27.02B | 38.18B | 28.38B |
| Short-Term Investments | 10.33B | 14.45B | 12.55B | 23.38B | 24.25B | 50.74B |
| Trading Asset Securities | 7.29B | 264.00M | 1.50B | 460.00M | ||
| Accounts Receivable | 24.98B | 20.63B | 16.85B | 13.98B | 22.19B | 44.82B |
| Other Receivables | 4.17B | 1.86B | 1.53B | 2.42B | 1.88B | |
| Inventory | 8.70B | 13.54B | 4.16B | 1.69B | 1.19B | 815.00M |
| Prepaid Expenses | 2.00B | 1.58B | 1.59B | 1.31B | 970.00M | |
| Loans Receivable Current | 250.00M | 284.00M | 110.00M | 623.00M | ||
| Other Current Assets | 25.03B | 50.11B | 36.54B | 33.63B | 19.86B | 6.99B |
| Total Current Assets | 145.87B | 135.28B | 114.51B | 104.44B | 109.87B | 135.21B |
| Property, Plant & Equipment | 854.77B | 828.20B | 761.57B | 691.50B | 548.97B | 445.09B |
| Goodwill | 17.56B | 11.60B | 11.60B | 11.60B | 11.60B | |
| Other Intangible Assets | 40.45B | 23.52B | 24.62B | 26.29B | 27.00B | 28.13B |
| Long-Term Investments | 1.42B | 5.57B | 7.76B | 6.57B | 4.48B | 1.32B |
| Long-Term Loans Receivable | 121.00M | 55.00M | 164.00M | |||
| Long-Term Deferred Tax Assets | 9.74B | 10.32B | 7.07B | 5.56B | 4.64B | 1.06B |
| Long-Term Accounts Receivable | 8.00B | 7.28B | 10.25B | 9.59B | 16.21B | 1.01B |
| Other Long-Term Assets | 25.27B | 28.36B | 22.41B | 18.28B | 23.67B | 17.77B |
| Total Assets | 1.09T | 1.06T | 959.80B | 873.93B | 746.49B | 641.34B |
| Accounts Payable | 15.41B | 17.82B | 8.17B | 9.09B | 6.12B | 5.61B |
| Accrued Expenses | 6.13B | 4.75B | 4.66B | 4.32B | 4.51B | |
| Short-Term Debt | 56.86B | 80.33B | 51.65B | 42.52B | 14.48B | |
| Current Portion of Long-Term Debt | 277.48B | 188.33B | 65.79B | 32.76B | 23.80B | 56.05B |
| Current Unearned Revenue | 11.00M | 11.00M | 11.00M | 11.00M | 11.00M | |
| Current Portion of Leases | 1.15B | 1.09B | 977.00M | 868.00M | 698.00M | 455.00M |
| Current Income Taxes Payable | 1.51B | 286.00M | 378.00M | 429.00M | 284.00M | 504.00M |
| Other Current Liabilities | 45.91B | 47.31B | 36.03B | 42.57B | 38.16B | 19.66B |
| Total Current Liabilities | 341.46B | 317.84B | 196.44B | 142.04B | 115.93B | 101.28B |
| Long-Term Debt | 514.44B | 527.62B | 582.31B | 565.86B | 467.29B | 373.73B |
| Long-Term Leases | 13.89B | 11.34B | 8.28B | 7.48B | 5.47B | 3.00B |
| Long-Term Unearned Revenue | 169.00M | 181.00M | 192.00M | 203.00M | 214.00M | |
| Pension & Post-Retirement Benefits | 446.00M | 265.00M | 266.00M | 207.00M | 169.00M | |
| Long-Term Deferred Tax Liabilities | 27.35B | 27.13B | 24.48B | 18.70B | 15.45B | 12.47B |
| Other Long-Term Liabilities | 34.69B | 27.15B | 16.74B | 17.69B | 23.54B | 24.11B |
| Total Liabilities | 931.82B | 911.69B | 828.69B | 752.24B | 628.09B | 514.97B |
| Common Stock | 4.81B | 4.81B | 4.81B | 4.81B | 4.81B | 4.81B |
| Additional Paid-In Capital | 155.37B | 155.37B | 154.20B | 154.15B | 154.14B | 154.05B |
| Retained Earnings | -38.62B | -43.22B | -53.76B | -56.43B | -53.61B | -42.54B |
| Comprehensive Income & Other | 8.86B | 8.91B | 7.34B | 2.69B | 1.52B | 2.12B |
| Total Common Equity | 130.41B | 125.86B | 112.60B | 105.22B | 106.85B | 118.44B |
| Minority Interest | 23.28B | 18.54B | 18.51B | 16.48B | 11.55B | 7.93B |
| Shareholders' Equity | 153.69B | 144.40B | 131.11B | 121.70B | 118.40B | 126.37B |
| Total Liabilities & Equity | 1.09T | 1.06T | 959.80B | 873.93B | 746.49B | 641.34B |
| Total Debt | 806.95B | 785.25B | 737.68B | 658.62B | 539.79B | 447.71B |
| Net Cash (Debt) | -719.79B | -740.66B | -684.45B | -606.72B | -476.89B | -368.59B |
| Net Cash Per Share | -1,963.51 | -2,021.56 | -1,869.44 | -1,646.35 | -1,246.68 | -997.14 |
| Filing Date Shares Outstanding | 364.47M | 364.40M | 362.77M | 362.63M | 373.04M | 400.83M |
| Total Common Shares Outstanding | 364.47M | 364.40M | 362.77M | 362.63M | 373.04M | 400.83M |
| Working Capital | -195.59B | -182.55B | -81.92B | -37.61B | -6.06B | 33.93B |
| Book Value Per Share | 357.80 | 345.39 | 310.40 | 290.15 | 286.44 | 295.48 |
| Tangible Book Value | 89.96B | 84.77B | 76.39B | 67.33B | 68.26B | 78.72B |
| Tangible Book Value Per Share | 246.82 | 232.64 | 210.56 | 185.68 | 182.98 | 196.38 |
| Land | 14.62B | 14.31B | 14.22B | 13.88B | 13.23B | |
| Buildings | 5.09B | 4.87B | 1.40B | 130.00M | 115.00M | |
| Machinery | 792.41B | 685.49B | 584.91B | 477.14B | 454.76B | |
| Construction In Progress | 118.95B | 142.04B | 159.16B | 113.72B | 21.98B |
Cash flow statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 10.66B | 9.84B | 3.81B | 3.40B | -4.82B | -16.08B |
| Depreciation & Amortization | 26.89B | 25.60B | 20.62B | 17.45B | 15.85B | 13.74B |
| Other Amortization | 163.00M | 163.00M | 48.00M | 136.00M | 56.00M | 7.64B |
| Loss (Gain) on Sale of Assets | -3.54B | -3.54B | -3.09B | -3.66B | -214.00M | |
| Asset Writedown | 972.00M | 972.00M | ||||
| Stock-Based Compensation | 897.00M | 897.00M | 1.28B | 1.65B | 1.97B | 2.41B |
| Change in Accounts Receivable | -499.00M | -499.00M | -3.08B | 3.87B | 6.90B | -9.73B |
| Change in Inventory | -9.49B | -9.49B | -2.40B | -755.00M | -1.04B | -59.00M |
| Change in Accounts Payable | 11.43B | 11.43B | 730.00M | 3.49B | 1.40B | 3.48B |
| Change in Other Net Operating Assets | 25.00M | -7.87B | -899.00M | -1.45B | -1.49B | 990.00M |
| Other Operating Activities | 53.63B | 53.93B | 50.54B | 44.79B | 46.75B | 40.21B |
| Operating Cash Flow | 91.13B | 81.44B | 67.56B | 68.93B | 65.57B | 42.39B |
| Capital Expenditures | -108.61B | -93.97B | -93.66B | -153.84B | -86.36B | -89.83B |
| Sale of Property, Plant & Equipment | 56.00M | 134.00M | ||||
| Cash Acquisitions | -1.64B | -120.00M | -15.93B | |||
| Divestitures | 8.93B | 5.30B | 5.42B | 6.86B | 19.00M | 4.76B |
| Investment in Securities | -18.63B | -17.53B | 10.23B | -17.30B | 9.39B | -24.77B |
| Other Investing Activities | 4.19B | 3.69B | 4.14B | 3.61B | 2.09B | 1.83B |
| Investing Cash Flow | -114.37B | -102.75B | -74.16B | -162.53B | -74.98B | -124.75B |
| Long-Term Debt Issued | 470.60B | 362.96B | 413.98B | 246.57B | 290.95B | |
| Total Debt Issued | 472.42B | 470.60B | 362.96B | 413.98B | 246.57B | 290.95B |
| Long-Term Debt Repaid | -417.84B | -286.64B | -280.94B | -188.19B | -213.54B | |
| Lease Payments | -878.00M | -878.00M | -663.00M | -588.00M | -534.00M | -295.00M |
| Total Debt Repaid | -417.84B | -417.84B | -286.64B | -280.94B | -188.19B | -213.54B |
| Net Debt Issued (Repaid) | 54.58B | 52.76B | 76.32B | 133.04B | 58.38B | 77.41B |
| Issuance of Common Stock | 542.00M | 542.00M | 20.00M | 17.00M | 14.00M | 68.00B |
| Repurchase of Common Stock | -4.82B | -13.28B | -1.31B | |||
| Common Dividends Paid | -19.61B | |||||
| Other Financing Activities | -44.79B | -50.75B | -56.35B | -45.82B | -26.00B | -34.45B |
| Financing Cash Flow | 10.33B | 2.55B | 19.98B | 82.42B | 19.11B | 90.04B |
| Foreign Exchange Rate Adjustments | 59.00M | 62.00M | 13.00M | 26.00M | 96.00M | 19.00M |
| Miscellaneous Cash Flow Adjustments | 107.00M | 107.00M | ||||
| Net Cash Flow | -12.74B | -18.59B | 13.40B | -11.16B | 9.80B | 7.70B |
| Free Cash Flow | -17.48B | -12.53B | -26.09B | -84.91B | -20.79B | -47.44B |
| Free Cash Flow Margin | -12.68% | -9.48% | -26.88% | -104.41% | -26.58% | -79.93% |
| Free Cash Flow Per Share | -47.67 | -34.19 | -71.27 | -230.40 | -54.35 | -128.34 |
| Levered Free Cash Flow | -70.87B | -71.25B | -86.20B | -130.48B | -40.87B | -65.60B |
| Unlevered Free Cash Flow | -34.13B | -35.19B | -55.20B | -104.20B | -13.95B | -43.31B |
| Free Cash Flow After Leases | -18.36B | -13.41B | -26.76B | -85.50B | -21.33B | -47.73B |
| Cash Interest Paid | 63.60B | 59.87B | 57.85B | 52.19B | 42.74B | 34.55B |
| Cash Income Tax Paid | 3.91B | 4.00B | 2.22B | 3.29B | 2.08B | 3.09B |
| Change in Working Capital | 1.46B | -6.43B | -5.65B | 5.16B | 5.77B | -5.32B |
Ratios
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.50B | 1.67B | 2.14B | 2.24B | 2.18B | 3.29B |
| Enterprise Value | 10.11B | 9.45B | 10.03B | 9.00B | 7.88B | 8.40B |
| PE Ratio | 21.75 | 15.58 | 46.10 | 51.32 | ||
| PS Ratio | 1.71 | 1.18 | 1.88 | 2.29 | 2.29 | 4.21 |
| PB Ratio | 1.81 | 1.08 | 1.39 | 1.53 | 1.51 | 1.98 |
| P/OCF Ratio | 2.59 | 1.92 | 2.70 | 2.71 | 2.73 | 5.90 |
| EV/Sales Ratio | 6.94 | 6.71 | 8.83 | 9.22 | 8.28 | 10.74 |
| EV/EBITDA Ratio | 10.61 | 10.06 | 11.77 | 12.10 | 11.10 | 12.78 |
| EV/EBIT Ratio | 15.03 | 14.09 | 16.39 | 16.67 | 15.09 | 17.50 |
| Debt / Equity Ratio | 5.25 | 5.44 | 5.63 | 5.41 | 4.56 | 3.54 |
| Debt / EBITDA Ratio | 8.92 | 8.87 | 10.12 | 10.55 | 9.19 | 8.93 |
| Net Debt / Equity Ratio | 4.68 | 5.13 | 5.22 | 4.99 | 4.03 | 2.92 |
| Net Debt / EBITDA Ratio | 7.99 | 8.40 | 9.40 | 9.79 | 8.17 | 7.39 |
| Net Debt / FCF Ratio | -41.19 | -59.12 | -26.23 | -7.15 | -22.94 | -7.77 |
| Quick Ratio | 0.33 | 0.22 | 0.37 | 0.47 | 0.76 | 1.24 |
| Current Ratio | 0.43 | 0.43 | 0.58 | 0.73 | 0.95 | 1.33 |
| Asset Turnover | 0.14 | 0.13 | 0.11 | 0.10 | 0.11 | 0.10 |
| Return on Equity (ROE) | 7.74% | 7.54% | 3.63% | 3.45% | -4.11% | -16.88% |
| Return on Assets (ROA) | 3.88% | 3.90% | 3.56% | 3.47% | 3.86% | 4.01% |
| Return on Capital Employed (ROCE) | 8.50% | 8.50% | 6.80% | 6.10% | 6.80% | 6.70% |
| Earnings Yield | 4.60% | 6.29% | 2.09% | 1.82% | -2.69% | -6.43% |
| FCF Yield | -7.39% | -8.01% | -14.30% | -45.53% | -11.63% | -18.97% |
| Buyback Yield / Dilution | 0.23% | -0.07% | 0.65% | 3.66% | -3.48% | 7.85% |