ReNew Energy Global Plc (RNW) AI Stock Analysis

ReNew Energy Global Plc is a renewable energy company in India focusing on power generation from non-conventional and sustainable energy sources. It operates primarily via Wind Power and Solar Power segments, developing, constructing, owning, and operating utility-scale wind and solar energy projects. It also undertakes distributed solar energy initiatives for commercial and industrial clients. Beyond power generation, the company provides engineering, procurement, and construction (EPC) services, operation and maintenance (O&M) services, consultancy services, and sells renewable energy certificates. As of March 31, 2022, its portfolio totaled 10.69 gigawatts (GW) across wind, solar, hydro, and firm power projects, with 7.57 GW operational and 3.12 GW under development.

Revenue expanded from $59.35B in FY2022 to $139.10B in FY2026, representing a 5-year compound annual growth rate of 23.6%. Growth accelerated in FY2026 with a 43.3% annual increase in revenue. Profitability has transitioned from net losses of -$16.08B in FY2022 and -$4.82B in FY2023 to positive net income of $3.40B in FY2024, $3.81B in FY2025, and $10.93B in FY2026. Operating margin stood at 43.4% in FY2026, down from 53.5% in FY2025, while gross margin compressed to 58.5%. In the latest quarter ended June 30, 2026, quarterly revenue rose 14.3% year-over-year, and quarterly earnings grew 18.3%.

As of June 30, 2026, ReNew Energy Global held $87.71B in cash and short-term investments against total debt of $806.95B, resulting in net debt of $719.24B. The debt-to-equity ratio was 6.15, and the current ratio was 0.43. Operating cash flow in FY2026 totaled $23.15B, down from $67.56B in FY2025. Substantial capital expenditures of $100.33B in FY2026 contributed to a negative free cash flow of -$77.18B. Over the last 5 years, share count was reduced by 7.9%.

ReNew Energy Global trades at a trailing price-to-earnings multiple of 20.8x, compared to 20.6x for the median of its US-listed Utilities peers. Its forward P/E ratio is 29.8x versus the peer median of 17.2x. The company's enterprise value to EBITDA stands at 9.3x, below the peer median of 12.1x, while its EV-to-revenue multiple is 6.8x. Over the past year, RNW shares declined 10.6%, trailing the S&P 500 return of 16.8%. Over a 5-year span, the stock fell 19.0% compared to an 83.0% gain for the benchmark.

Wall Street coverage consists of 2 Strong Buy and 2 Hold ratings. The mean price target is $7.73, representing a 12.4% premium over the last close of $6.88. For the fiscal year ending March 31, 2027, consensus estimates project revenue of $156.54B and EPS of $26.24. For the subsequent fiscal year, 3 analysts project revenue of $185.44B and EPS of $66.98. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings report is scheduled for November 9, 2026.

This page is an AI-written research summary of ReNew Energy Global Plc (RNW). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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