ReNew Energy Global Plc (RNW) Key Metrics

NASDAQ: RNWValuation, returns, debt and efficiency ratios over 10 years.

RNW key metrics, FY2017–FY2026

Fiscal year ended March 31, 2026 · Indian rupees

RNW returns How much profit the business earns on the capital it uses.

Return on equity+5.8 pts
9.3%
FY2026 · hover or tap a bar for each year
FY2017: 0.8% (−1.6 pts)FY2018: 0.5% (−0.3 pts)FY2019: 3.7% (+3.2 pts)FY2020: −3.7% (−7.3 pts)FY2021: −11.4% (−7.8 pts)FY2022: −17.8% (−6.4 pts)FY2023: −4.3% (+13.5 pts)FY2024: 3.2% (+7.5 pts)FY2025: 3.5% (+0.3 pts)FY2026: 9.3% (+5.8 pts)
FY2017FY2026
Return on invested capital+2.2 pts
5.8%
FY2026 · hover or tap a bar for each year
FY2017: 3.5% (−0.5 pts)FY2018: 4.2% (+0.7 pts)FY2019: 6.5% (+2.3 pts)FY2020: 7.1% (+0.6 pts)FY2021: 6.3% (−0.8 pts)FY2022: 6.3% (+0.1 pts)FY2023: 6.4% (+0.1 pts)FY2024: 3.8% (−2.6 pts)FY2025: 3.6% (−0.2 pts)FY2026: 5.8% (+2.2 pts)
FY2017FY2026
Return on assets+0.7 pts
1.1%
FY2026 · hover or tap a bar for each year
FY2017: 0.2% (−0.5 pts)FY2018: 0.1% (−0.1 pts)FY2019: 0.7% (+0.6 pts)FY2020: −0.6% (−1.3 pts)FY2021: −1.6% (−1.0 pts)FY2022: −2.8% (−1.2 pts)FY2023: −0.7% (+2.1 pts)FY2024: 0.4% (+1.1 pts)FY2025: 0.4% (0.0 pts)FY2026: 1.1% (+0.7 pts)
FY2017FY2026
Free cash flow margin−28.6 pts
−55.5%
FY2026 · hover or tap a bar for each year
FY2017: −450.1% (+56.6 pts)FY2018: −131.6% (+318.6 pts)FY2019: −72.3% (+59.2 pts)FY2020: −8.7% (+63.6 pts)FY2021: 15.8% (+24.5 pts)FY2022: −79.9% (−95.7 pts)FY2023: −31.6% (+48.4 pts)FY2024: −104.4% (−72.8 pts)FY2025: −26.9% (+77.5 pts)FY2026: −55.5% (−28.6 pts)
FY2017FY2026
Cash conversion (OCF / net income)−88.0%
2.12
FY2026 · hover or tap a bar for each year
FY2017: 26.59 (+510.5%)FY2018: 66.37 (+149.6%)FY2019: 11.34 (−82.9%)FY2024: 20.25FY2025: 17.71 (−12.5%)FY2026: 2.12 (−88.0%)
FY2017FY2026
Asset turnover+31.7%
0.14
FY2026 · hover or tap a bar for each year
FY2017: 0.08 (+48.0%)FY2018: 0.09 (+6.2%)FY2019: 0.12 (+28.9%)FY2020: 0.11 (−4.9%)FY2021: 0.10 (−10.1%)FY2022: 0.10 (+5.6%)FY2023: 0.11 (+7.6%)FY2024: 0.10 (−11.0%)FY2025: 0.11 (+5.5%)FY2026: 0.14 (+31.7%)
FY2017FY2026

RNW returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

RNW debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

RNW cash returned to shareholders

DividendsBuybacksFree cash flow

RNW key metrics in Indian rupees

FY2017–FY2026
FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Returns & profitability
Return on equity (ROE)9.3%3.5%3.2%−4.3%−17.8%−11.4%−3.7%3.7%0.5%0.8%
Return on invested capital (ROIC)5.8%3.6%3.8%6.4%6.3%6.3%7.1%6.5%4.2%3.5%
Return on assets (ROA)1.1%0.4%0.4%−0.7%−2.8%−1.6%−0.6%0.7%0.1%0.2%
Return on tangible assets1.1%0.4%0.4%−0.7%−2.7%−1.7%−0.6%0.7%0.1%0.2%
Free cash flow margin−55.5%−26.9%−104.4%−31.6%−79.9%15.8%−8.7%−72.3%−131.6%−450.1%
Income quality (OCF / net income)2.1217.7120.25————11.3466.3726.59
Financial health
Total debt₹764.75B₹732.28B₹655.66B₹536.58B₹447.71B₹351.65B₹357.07B₹289.98B₹238.45B₹120.77B
Cash & short-term investments₹75.32B₹81.34B₹79.67B₹80.63B₹79.27B₹47.24B₹44.29B₹25.50B₹33.54B₹31.65B
Net debt₹689.44B₹650.94B₹575.99B₹455.95B₹368.45B₹304.41B₹312.78B₹264.48B₹204.91B₹89.11B
Debt / equity6.206.506.235.023.785.664.793.993.352.25
Debt / assets0.740.760.750.720.700.710.740.730.690.60
Net debt / EBITDA6.428.038.387.949.707.147.106.509.627.74
Current ratio0.420.600.740.951.341.521.610.880.921.02
Quick ratio0.370.580.720.941.331.501.600.870.921.02
Interest coverage0.986.81.177.664.663.01.01.2——
Working capital−₹186.22B−₹78.05B−₹37.61B−₹6.06B₹33.93B₹31.53B₹32.19B−₹6.89B−₹4.06B₹776.6M
Invested capital₹812.81B₹763.54B₹681.21B₹562.80B₹486.88B₹366.49B₹387.30B₹337.19B₹276.18B₹142.83B
Tangible asset value₹76.93B₹94.89B₹83.81B₹79.81B₹86.65B₹28.34B₹42.88B₹39.27B₹37.09B₹55.37B
Net current asset value−₹761.04B−₹710.31B−₹647.80B−₹518.23B−₹379.76B−₹334.99B−₹315.79B−₹270.52B−₹221.86B−₹103.03B
Capital allocation
Dividends paid₹0₹0₹0₹0₹19.61B₹19.61B₹19.61B₹19.61B——
Share buybacks (net)₹0₹0₹4.82B₹13.28B₹1.31B₹0————
Dividend payout ratio0.0%0.0%0.0%————741.1%——
Dividends + buybacks / free cash flow—————258.0%————
Capex / revenue72.1%96.5%189.2%116.8%151.4%50.8%81.2%141.8%212.4%518.9%
Capex / operating cash flow433.3%138.6%223.2%137.1%211.9%76.3%112.0%204.0%262.7%754.3%
Capex / depreciation3.574.538.755.756.532.043.506.447.3617.78
Stock-based compensation / revenue0.6%1.3%2.0%2.5%4.1%0.4%0.1%0.4%1.6%2.3%
SG&A / revenue9.0%8.8%10.6%11.0%13.2%6.2%4.5%6.4%3.8%4.2%
Efficiency
Days sales outstanding53.373.695.1169.3273.5249.8170.5122.4121.4148.0
Days of inventory on hand55.2124.3136.952.7928.3617.8457.31,964.758.31,263.6
Days payables outstanding85.4366.7722.2307.74,987.22,989.42,328.412,986.81,794.0126,292.3
Cash conversion cycle (days)23.1-168.8-490.2-85.6-3,785.5-2,121.9-1,700.7-10,899.7-1,614.3-124,880.7
Receivables turnover6.854.963.842.161.331.462.142.983.012.47
Payables turnover4.271.000.511.190.070.120.160.030.200.00
Inventory turnover6.622.942.676.920.390.590.800.196.270.29
Asset turnover0.140.110.100.110.100.100.110.120.090.08
Average receivables₹20.32B₹19.57B₹21.19B₹36.29B₹44.47B₹32.98B₹22.61B₹14.46B₹8.19B₹5.30B
Average payables₹13.50B₹8.63B₹7.61B₹5.86B₹4.43B₹3.49B₹3.38B₹2.88B₹2.57B₹1.36B
Average inventory₹8.72B₹2.93B₹1.44B₹1.00B₹824.0M₹721.0M₹664.0M₹436.0M₹83.3M₹13.6M
Intangibles / total assets6.2%3.8%4.3%5.2%6.2%7.4%7.5%9.3%10.9%0.7%

Computed from RNW's annual financial statements (latest annual report filed July 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Indian rupees; data from EODHD. Averages use the opening and closing balance of each year.

RNW valuation and financial ratios

ReNew Energy Global Plc earned a return on equity of 9.3% and a return on invested capital of 5.8% in fiscal 2026. It ended the year with ₹764.8 billion of debt and ₹75.3 billion in cash and short-term investments, net debt of ₹689.4 billion.

See the RNW income statement, the RNW chart for price history, or the RNW stock overview for the latest quote and news.

RNW key metrics FAQ

What is ReNew Energy Global Plc's return on equity?

ReNew Energy Global Plc's return on equity (ROE) was 9.3% in fiscal 2026: net income of ₹10.9 billion on average shareholders' equity of ₹118.0 billion.

What is ReNew Energy Global Plc's ROIC?

ReNew Energy Global Plc's return on invested capital was 5.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.

How much debt does ReNew Energy Global Plc have?

ReNew Energy Global Plc had total debt of ₹764.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 6.20 and ₹689.4 billion of net debt (6.42 times EBITDA).

Does ReNew Energy Global Plc pay a dividend?

ReNew Energy Global Plc did not pay a dividend in fiscal 2026.

What is ReNew Energy Global Plc's current ratio?

ReNew Energy Global Plc's current ratio was 0.42 at the end of fiscal 2026: current assets were 0.42 times current liabilities.

Utilities - Renewable key metrics