ReNew Energy Global Plc (RNW) Balance Sheet
RNW balance sheet, FY2026
March 31, 2026 · Indian rupees₹1.04T assets = ₹893.64B liabilities + ₹141.54B equity
Both columns are drawn to the same scale: what RNW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RNW financial health
Current ratio0.42
Tight · current assets cover current liabilities 0.42×
Debt / equity6.20
High leverage · ₹6.20 of debt for each $1 of equity
Equity / assets11.9%
Thin equity · of assets funded by shareholders
Cash / debt9.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles6.2%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
RNW balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | ₹201.27BFY2017 | ₹1.04TFY2026 | +20.0%/yr | |
| Total liabilities | ₹144.42BFY2017 | ₹893.64BFY2026 | +22.4%/yr | |
| Shareholders’ equity | ₹53.72BFY2017 | ₹123.37BFY2026 | +9.7%/yr | |
| Cash & short-term investments | ₹31.65BFY2017 | ₹75.32BFY2026 | +10.1%/yr | |
| Total debt | ₹120.77BFY2017 | ₹764.75BFY2026 | +22.8%/yr | |
| Net cash (debt) | −₹89.11BFY2017 | −₹689.44BFY2026 | −₹600.3B | |
| Working capital | ₹776.6MFY2017 | −₹186.22BFY2026 | −₹187.0B | |
| Current ratio | 1.02FY2017 | 0.42FY2026 | −0.60 | |
| Debt / equity | 2.25FY2017 | 6.20FY2026 | +3.95 | |
| Shares outstanding | 300.5MFY2017 | 368.5MFY2026 | +2.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RNW assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
RNW liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
RNW debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RNW balance sheet in Indian rupees
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | ₹75.32B | ₹81.34B | ₹79.67B | ₹80.63B | ₹79.27B | ₹47.24B | ₹44.29B | ₹25.50B | ₹33.54B | ₹31.65B |
| Cash & equivalents | ₹68.17B | ₹40.42B | ₹27.02B | ₹38.18B | ₹28.38B | ₹20.68B | ₹13.09B | ₹10.12B | ₹13.91B | ₹27.14B |
| Short-term investments | ₹7.14B | ₹40.92B | ₹52.65B | ₹42.45B | ₹50.89B | ₹26.56B | ₹31.20B | ₹15.38B | ₹10.35B | ₹4.51B |
| Receivables | ₹20.22B | ₹20.42B | ₹18.73B | ₹23.66B | ₹48.92B | ₹40.01B | ₹25.94B | ₹19.28B | ₹9.65B | ₹6.72B |
| Inventory | ₹13.27B | ₹4.16B | ₹1.69B | ₹1.19B | ₹815.0M | ₹833.0M | ₹609.0M | ₹719.0M | ₹153.0M | ₹13.6M |
| Other current assets | ₹23.80B | ₹12.46B | ₹4.35B | ₹4.39B | ₹6.21B | ₹4.24B | ₹14.08B | ₹5.67B | ₹5.89B | ₹3.00B |
| Total current assets | ₹132.60B | ₹118.38B | ₹104.44B | ₹109.87B | ₹135.21B | ₹92.32B | ₹84.92B | ₹51.17B | ₹49.23B | ₹41.39B |
| Property, plant & equipment (net) | ₹811.80B | ₹769.57B | ₹696.60B | ₹559.96B | ₹455.06B | ₹353.80B | ₹345.30B | ₹282.51B | ₹245.89B | ₹146.67B |
| Goodwill & intangible assets | ₹64.61B | ₹36.22B | ₹37.88B | ₹38.59B | ₹39.72B | ₹36.41B | ₹35.97B | ₹37.06B | ₹37.59B | ₹1.47B |
| Long-term investments | ₹5.57B | ₹3.89B | ₹7.89B | ₹5.37B | ₹3.25B | ₹3.00B | ₹1.29B | ₹0 | ₹0 | ₹0 |
| Other non-current assets | ₹20.60B | ₹31.74B | ₹27.13B | ₹32.70B | ₹8.09B | ₹6.53B | ₹12.08B | ₹27.28B | ₹13.07B | ₹11.74B |
| Total assets | ₹1.04T | ₹959.80B | ₹873.93B | ₹746.49B | ₹641.34B | ₹492.05B | ₹479.56B | ₹398.02B | ₹345.77B | ₹201.27B |
| Liabilities | ||||||||||
| Accounts payable | ₹18.83B | ₹8.17B | ₹9.09B | ₹6.12B | ₹5.61B | ₹3.25B | ₹3.73B | ₹3.03B | ₹2.73B | ₹2.40B |
| Short-term debt | ₹243.74B | ₹141.69B | ₹82.32B | ₹63.81B | ₹70.99B | ₹41.43B | ₹35.33B | ₹36.20B | ₹29.16B | ₹18.32B |
| Deferred revenue | — | ₹1.25B | ₹11.0M | ₹11.0M | ₹11.0M | ₹100.0M | ₹39.0M | — | — | — |
| Total current liabilities | ₹318.83B | ₹196.44B | ₹142.04B | ₹115.93B | ₹101.28B | ₹60.79B | ₹52.73B | ₹58.06B | ₹53.29B | ₹40.61B |
| Long-term debt | ₹527.33B | ₹582.31B | ₹565.86B | ₹467.74B | ₹373.73B | ₹308.44B | ₹297.41B | ₹0 | ₹0 | ₹0 |
| Lease obligations | ₹13.61B | ₹9.26B | ₹8.35B | ₹6.17B | ₹3.45B | ₹2.11B | ₹1.65B | — | — | — |
| Other long-term liabilities | ₹47.49B | ₹49.95B | ₹44.33B | ₹44.43B | ₹39.96B | ₹58.08B | ₹50.57B | ₹263.63B | ₹217.80B | ₹103.81B |
| Total liabilities | ₹893.64B | ₹828.69B | ₹752.24B | ₹628.09B | ₹514.97B | ₹427.31B | ₹400.71B | ₹321.69B | ₹271.09B | ₹144.42B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | ₹4.71B | ₹4.81B | ₹4.81B | ₹4.81B | ₹4.81B | ₹3.80B | ₹3.80B | ₹3.80B | ₹3.77B | ₹3.38B |
| Retained earnings (deficit) | −₹42.37B | −₹53.76B | −₹56.43B | −₹53.61B | −₹38.42B | −₹6.49B | ₹3.49B | −₹3.12B | −₹2.17B | −₹1.12B |
| Accumulated other comprehensive income | ₹8.73B | — | ₹2.69B | −₹618.0M | −₹1.33B | −₹5.22B | ₹75.0M | ₹4.86B | ₹3.29B | ₹737.3M |
| Minority interest | ₹18.54B | ₹18.51B | ₹16.48B | ₹11.55B | — | — | — | — | — | — |
| Total shareholders' equity | ₹123.37B | ₹112.60B | ₹105.22B | ₹106.85B | ₹118.44B | ₹62.08B | ₹74.53B | ₹72.71B | ₹71.27B | ₹53.72B |
| Key figures | ||||||||||
| Total debt | ₹764.75B | ₹732.28B | ₹655.66B | ₹536.58B | ₹447.71B | ₹351.65B | ₹357.07B | ₹289.98B | ₹238.45B | ₹120.77B |
| Net cash (debt) | −₹689.44B | −₹650.94B | −₹575.99B | −₹455.95B | −₹368.45B | −₹304.41B | −₹312.78B | −₹264.48B | −₹204.91B | −₹89.11B |
| Working capital | −₹186.22B | −₹78.05B | −₹37.61B | −₹6.06B | ₹33.93B | ₹31.53B | ₹32.19B | −₹6.89B | −₹4.06B | ₹776.6M |
| Tangible book value | ₹58.76B | ₹76.39B | ₹67.33B | ₹68.26B | ₹78.72B | ₹25.67B | ₹38.55B | ₹35.64B | ₹33.68B | ₹52.25B |
| Shares outstanding | 368.5M | 366.4M | 365.5M | 376.8M | 399.2M | 400.7M | 400.7M | 400.7M | 346.1M | 300.5M |
| Current ratio | 0.42 | 0.60 | 0.74 | 0.95 | 1.34 | 1.52 | 1.61 | 0.88 | 0.92 | 1.02 |
| Quick ratio | 0.30 | 0.52 | 0.69 | 0.90 | 1.27 | 1.44 | 1.33 | 0.77 | 0.81 | 0.94 |
| Debt / equity | 6.20 | 6.50 | 6.23 | 5.02 | 3.78 | 5.66 | 4.79 | 3.99 | 3.35 | 2.25 |
| Equity / assets | 11.9% | 11.7% | 12.0% | 14.3% | 18.5% | 12.6% | 15.5% | 18.3% | 20.6% | 26.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | ₹87.71B | ₹75.32B | ₹95.26B | ₹111.03B | ₹89.78B | ₹81.34B | ₹86.11B | ₹79.88B | ₹73.71B | ₹79.67B | ₹114.81B | ₹995.2M |
| Cash & equivalents | ₹77.31B | ₹68.17B | ₹83.21B | ₹40.81B | ₹33.27B | ₹40.42B | ₹21.48B | ₹17.98B | ₹73.71B | ₹27.02B | ₹55.91B | ₹990.4M |
| Short-term investments | ₹10.39B | ₹7.14B | ₹12.05B | ₹70.22B | ₹56.51B | ₹40.92B | ₹64.63B | ₹61.90B | ₹52.65B | ₹52.65B | ₹58.90B | ₹4.8M |
| Receivables | ₹25.13B | ₹20.22B | ₹15.11B | ₹22.20B | ₹21.94B | ₹20.42B | ₹16.57B | ₹20.14B | ₹17.70B | ₹13.77B | ₹16.46B | ₹250.4M |
| Inventory | ₹8.76B | ₹13.27B | ₹13.41B | ₹6.40B | ₹7.79B | ₹4.16B | ₹2.51B | ₹1.73B | ₹1.03B | ₹1.69B | ₹1.77B | ₹17.9M |
| Other current assets | ₹25.19B | ₹23.80B | ₹35.75B | ₹12.28B | ₹12.66B | ₹12.46B | ₹6.86B | ₹7.12B | ₹11.48B | ₹9.31B | ₹7.15B | ₹187.4M |
| Total current assets | ₹146.78B | ₹132.60B | ₹159.53B | ₹151.91B | ₹132.18B | ₹118.38B | ₹112.06B | ₹108.87B | ₹103.92B | ₹104.44B | ₹140.19B | ₹1.45B |
| Property, plant & equipment (net) | ₹860.13B | ₹811.80B | ₹792.72B | ₹779.05B | ₹750.05B | ₹769.57B | ₹762.51B | ₹740.80B | ₹711.49B | ₹696.60B | ₹656.48B | ₹7.27B |
| Goodwill & intangible assets | ₹40.70B | ₹64.61B | ₹34.90B | ₹35.44B | ₹47.95B | ₹36.22B | ₹36.78B | ₹37.13B | ₹49.10B | ₹37.88B | ₹37.54B | ₹457.7M |
| Long-term investments | ₹8.82B | ₹5.57B | ₹6.85B | ₹10.52B | ₹7.99B | ₹3.89B | ₹15.89B | ₹12.54B | ₹10.34B | ₹6.57B | ₹5.82B | ₹5.72B |
| Other non-current assets | ₹35.89B | ₹20.60B | ₹39.79B | ₹37.80B | ₹23.38B | ₹31.74B | ₹31.94B | ₹31.38B | ₹20.21B | ₹28.45B | ₹46.72B | ₹0 |
| Total assets | ₹1.09T | ₹1.04T | ₹1.03T | ₹1.01T | ₹961.56B | ₹959.80B | ₹959.17B | ₹930.73B | ₹895.05B | ₹873.93B | ₹886.74B | ₹9.80B |
| Liabilities | ||||||||||||
| Accounts payable | ₹15.51B | ₹18.83B | ₹13.78B | ₹12.18B | ₹8.52B | ₹8.17B | ₹8.06B | ₹6.55B | ₹6.06B | ₹9.09B | ₹7.98B | ₹86.0M |
| Short-term debt | ₹278.63B | ₹243.74B | ₹212.63B | ₹140.05B | ₹116.19B | ₹141.69B | ₹127.30B | ₹115.45B | ₹109.14B | — | ₹101.76B | ₹1.03B |
| Deferred revenue | — | — | — | — | ₹1.25B | ₹1.25B | — | — | ₹11.0M | — | ₹11.0M | ₹11.0M |
| Total current liabilities | ₹343.60B | ₹318.83B | ₹282.09B | ₹196.95B | ₹171.29B | ₹196.44B | ₹185.81B | ₹168.29B | ₹156.00B | ₹142.04B | ₹164.53B | ₹1.65B |
| Long-term debt | ₹514.44B | ₹527.33B | ₹545.23B | ₹611.31B | ₹601.25B | ₹582.31B | ₹597.07B | ₹584.60B | ₹568.37B | ₹565.86B | ₹550.14B | ₹502.67B |
| Lease obligations | ₹15.04B | ₹13.61B | ₹10.51B | ₹9.96B | ₹9.12B | ₹9.26B | ₹9.24B | ₹8.80B | ₹8.87B | ₹8.35B | ₹6.95B | ₹6.50B |
| Other long-term liabilities | ₹79.63B | ₹47.49B | ₹64.36B | ₹65.71B | ₹53.06B | ₹49.95B | ₹50.37B | ₹48.11B | ₹48.35B | ₹44.33B | ₹51.72B | ₹0 |
| Total liabilities | ₹937.67B | ₹893.64B | ₹891.68B | ₹873.97B | ₹825.61B | ₹828.69B | ₹833.25B | ₹801.00B | ₹772.72B | ₹752.24B | ₹766.39B | ₹8.30B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | ₹4.84B | ₹4.71B | ₹4.81B | ₹4.81B | ₹4.81B | ₹4.81B | ₹4.81B | ₹4.81B | ₹4.81B | — | ₹4.81B | ₹57.9M |
| Retained earnings (deficit) | −₹38.87B | −₹42.37B | −₹46.20B | −₹47.06B | −₹49.05B | −₹53.76B | −₹56.75B | −₹53.05B | −₹53.53B | −₹56.43B | −₹57.99B | −₹629.6M |
| Accumulated other comprehensive income | ₹8.92B | ₹8.73B | ₹9.72B | — | — | — | — | — | ₹2.69B | — | −₹1.49B | ₹13.0M |
| Minority interest | ₹23.28B | ₹18.54B | ₹18.58B | ₹18.61B | ₹17.82B | — | — | — | — | — | — | — |
| Total shareholders' equity | ₹131.23B | ₹123.37B | ₹123.55B | ₹122.13B | ₹118.13B | ₹112.60B | ₹107.77B | ₹112.43B | ₹105.44B | ₹105.22B | ₹103.89B | ₹1.30B |
| Key figures | ||||||||||||
| Total debt | ₹806.95B | ₹764.75B | ₹776.52B | ₹760.30B | ₹725.63B | ₹732.28B | ₹732.59B | ₹707.93B | ₹685.39B | ₹565.86B | ₹658.16B | ₹7.15B |
| Net cash (debt) | −₹719.24B | −₹689.44B | −₹681.26B | −₹649.27B | −₹635.85B | −₹650.94B | −₹646.48B | −₹628.05B | −₹611.68B | −₹486.19B | −₹543.35B | −₹6.15B |
| Working capital | −₹196.81B | −₹186.22B | −₹122.56B | −₹45.04B | −₹39.11B | −₹78.05B | −₹73.75B | −₹59.42B | −₹52.08B | −₹37.61B | −₹24.34B | −₹195.8M |
| Tangible book value | ₹90.52B | ₹58.76B | ₹88.65B | ₹86.70B | ₹70.17B | ₹76.39B | ₹71.00B | ₹75.30B | ₹56.34B | ₹67.33B | ₹66.35B | ₹839.8M |
| Shares outstanding | 369.1M | 370.6M | 364.2M | 370.2M | 368.3M | 366.4M | 365.3M | 365.0M | 363.0M | 362.6M | 363.0M | 366.4M |
| Current ratio | 0.43 | 0.42 | 0.57 | 0.77 | 0.77 | 0.60 | 0.60 | 0.65 | 0.67 | 0.74 | 0.85 | 0.88 |
| Quick ratio | 0.33 | 0.30 | 0.39 | 0.68 | 0.65 | 0.52 | 0.55 | 0.59 | 0.59 | 0.66 | 0.80 | 0.76 |
| Debt / equity | 6.15 | 6.20 | 6.29 | 6.23 | 6.14 | 6.50 | 6.80 | 6.30 | 6.50 | 5.38 | 6.33 | 5.51 |
| Equity / assets | 12.0% | 11.9% | 12.0% | 12.0% | 12.3% | 11.7% | 11.2% | 12.1% | 11.8% | 12.0% | 11.7% | 13.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in Indian rupees as reported (latest annual report filed July 30, 2026); data from EODHD.
RNW financial position
At the end of fiscal 2026 (March 31, 2026), ReNew Energy Global Plc had total assets of ₹1.04 trillion (up 7.9% from a year earlier), total liabilities of ₹893.6 billion and shareholders' equity of ₹123.4 billion. It held ₹75.3 billion in cash and short-term investments against ₹764.8 billion of debt, net debt of ₹689.4 billion. Its current ratio was 0.42. In the latest quarter (ended June 30, 2026) total assets were ₹1.09 trillion and equity ₹131.2 billion.
Related: RNW income statement, RNW cash flow statement, RNW key metrics. See the RNW stock overview for the latest quote and news.
RNW balance sheet FAQ
What are ReNew Energy Global Plc's total assets?
ReNew Energy Global Plc reported total assets of ₹1.04 trillion at the end of fiscal 2026 (March 31, 2026), compared with ₹959.8 billion a year earlier.
How much debt does ReNew Energy Global Plc have?
ReNew Energy Global Plc had ₹764.8 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 6.20.
How much cash does ReNew Energy Global Plc have?
ReNew Energy Global Plc held ₹75.3 billion in cash and short-term investments at the end of fiscal 2026; with ₹764.8 billion of debt that is net debt of ₹689.4 billion.
What is ReNew Energy Global Plc's book value?
ReNew Energy Global Plc's shareholders' equity (book value) was ₹123.4 billion at the end of fiscal 2026.
What is ReNew Energy Global Plc's current ratio?
ReNew Energy Global Plc had current assets of ₹132.6 billion and current liabilities of ₹318.8 billion, a current ratio of 0.42 (current liabilities exceed current assets).
How much goodwill does ReNew Energy Global Plc have?
ReNew Energy Global Plc carried ₹64.6 billion of goodwill and intangible assets, 6.2% of total assets, at the end of fiscal 2026.