ReNew Energy Global plc (RNW) Stock Analysis
ReNew Energy Global plc
▾ What's in the 35/100 risk score? (higher = riskier)
Contributions (weight × component score) sum to the total. This near-term score now includes fundamental health (leverage, FCF trend). See the Financial Health section for the full balance-sheet read.
How to read RNW (regulated utility)
A regulator sets what a utility can earn, so its value tracks book value, dividend yield and payout — not a free-market DCF.
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Utility lens (P/B, yield, payout) ↓
These are the metrics utility-fund managers actually use.
Standard DCF doesn't fit RNW well — but that's expected for this kind of business. The Utility Valuation Lens below uses the metrics actually used by analysts who value electric utilities. Reverse DCF + Football Field also work as cross-checks.
Quality & solvency checks
Cheap stocks can be cheap for a reason. These screens warn when a low valuation comes paired with structural fragility.
Why it matters: Cheap-looking stocks (low P/E or P/B) often have low Z-scores because the market knows the company is dying. Z-score warns you before you fall into a value trap.
Reference: > 3.0 = safe zone · 1.81–3.0 = grey zone · < 1.81 = distress zone
Full explanation →
Regulated utilities carry high leverage backed by long-life assets and regulator-set rate-base returns — Altman Z flags both as distress signals even when the business is stable. See the Utility Lens above for the metrics that matter (P/B, dividend yield, payout ratio).
Why it matters: High score = fundamentals improving. Low score = deteriorating. Especially powerful for filtering cheap stocks: cheap + high F-score historically outperforms; cheap + low F-score is often a value trap.
Reference: 7–9 = strong · 4–6 = mediocre · 0–3 = weak
Full explanation →
Piotroski F's checks (operating cash flow, gross-margin trend, current ratio, asset turnover) assume an industrial cost structure, so they misread asset-heavy or financial businesses like this one — a healthy REIT, utility, pipeline, BDC/fund or holding company can score low for reasons that aren't weakness. See the sector lens above for the metrics that actually matter.
A standard discounted cash flowDCF — Discounted Cash Flow — sums up all future cash a business will produce, adjusted for the fact that future dollars are worth less than dollars today.
Why it matters: It is the most fundamentally honest valuation method when applicable — but only works for companies with predictable, positive cash flow.
Reference: Best for: mature, profitable businesses. Fails for: pre-profit growth, banks, REITs.
Full explanation → valuation is not meaningful for ReNew Energy Global plc due to its low franchise/durability score of 0/5, indicating a lack of established competitive advantages. Investors are likely focused on its positive net income in the latest period, betting on its ability to sustain profitability and grow in the renewable energy sector. The primary quantifiable risk is the absence of dividend data, leading to an assumed 3% yield, which may not reflect actual capital allocation.
As of 3 months ago
Anatomy of a share
What you're buying per share. Bars are at the same scale so you can see the relative size of revenue, costs, cash flow, and debt — not just read them in a table.
What you actually need to decide
Every stock price is a disagreement. Here's the single thing that must go right for the bulls, the single thing that breaks the thesis, and the concrete signposts to watch so you can update your view as real results arrive.
- Quarterly net income trends
- Announcements of new project wins or capacity additions
- Changes in government renewable energy policies in India
The trend, in plain numbers (FY2024 → FY2025, latest reported)
Straight from the financial statements — no model, no opinion. For a small or unprofitable company, the direction of these numbers usually tells you more than any single valuation.
- Net income grew +8% to $54.0M.
Nothing was clearly worsening year-over-year.
Management & Leadership
ReNew Energy Global plc is led by Sumant Sinha, its Founder, Chairman, and Chief Executive Officer, who has been at the helm since its inception. He is a prominent figure in India's renewable energy landscape, guiding the company's strategic direction and growth initiatives.
What They Make
ReNew Energy Global plc is a leading renewable energy company that develops, builds, owns, and operates utility-scale wind and solar energy projects. Its primary customers are state electricity boards and other utilities in India.
End Markets
Revenue Drivers
Why Is It Priced Like This?
Why Customers Pay
What we use instead: earnings (P/E, EV/EBIT), book value (P/B) — computed from the figures this company does report, shown in the sections below. Those numbers are unaffected by the missing cash-flow data.
The market is likely pricing RNW based on its potential for future growth in the renewable energy sector, given its positive net income in the latest period. Despite a low franchise/durability score of 0/5, investors are betting on its ability to scale operations and capitalize on the increasing demand for clean energy, rather than current established cash flows.
Business Model & Valuation
How They Make Money
The company has no dividend data, suggesting it funds its growth through retained earnings and potentially equity raises, rather than returning capital to shareholders via dividends or buybacks.
Dividend Discount
Utility (Electric Utilities): dividend discount model - growth is regulated and yield is the primary driver.
Show advanced inputs
What this model does NOT do: this is a consolidated owner-earnings FCF model. Standalone segment assumptions: none. It does not project rate-base growth, allowed ROE and dividend growth independently; their combined effect is embedded in the historical revenue and cash-flow trend the model extrapolates. The calculator above can only approximate a segment's impact through the single consolidated growth rate — it cannot model any one line separately. For a true segment-level view, build a separate model from the company's segment disclosures.
Maturity & Competitive Position
Moat Signals
Net income has been positive in the latest period, with profitability in 2 out of the last 4 years.
Geography & Markets
ReNew Energy Global plc primarily operates within India, focusing on developing and managing renewable energy projects across various states. Exact geographic segment splits are not available in the current filings.
Geographic Risks
Market Signals
These are timing signals, not value signals — they describe the stock's recent price behavior, not what the business is worth. Use them for the "the thesis looks good, but is now the moment?" question. Each tile below explains what it's saying.
Why it matters: Short-term contrarian indicator. Extreme readings often precede mean reversion, though not always.
Reference: 30–70 normal · >70 overbought · <30 oversold
Full explanation → (14)75.5OverboughtBought up hard recently — stretched; pullbacks are common from here.
Why it matters: When the fast line crosses above the slow line, short-term momentum is turning up; below, turning down. A timing cue, not a value signal.
Reference: Line above signal = bullish momentum · below = bearish
Full explanation →BullishLine above signalThe fast trend is above the slow trend — short-term momentum is currently upward.
Technicals describe price, not the business. A great company can have a "bearish" tape (a buying chance) and a weak one a "bullish" tape (a trap). Pair these with the valuation and health sections above.
QUALITY
Data Quality & Risk Flags (7 notes — click to expand/collapse)
Guardrail Notes (7)
- No dividend data. Assuming 3% yield.
- Shares from unknown — per-share values may be less accurate.
- Illiquidity discount 25% applied (small/micro-cap — harder to exit, demand a margin).
- Dividend data sparse; DDM using estimated yield. Confidence reduced.
- Shares/market cap missing or defaulted; per-share valuation unreliable.
- Shares defaulted to 1; IV is NOT meaningful — treat as data-unavailable.
- DATA UNAVAILABLE: per-share values suppressed due to missing/unreliable shares data.
FINANCIALS
Financial Statements (5-year tables — click to expand)
From ReNew Energy Global plc's SEC filings (EDGAR).
Income (5yr)
| Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | — | 54.0M | — |
| 2024 | — | 50.0M | — |
| 2023 | — | -61.0M | — |
| 2022 | — | -213.0M | — |
Balance Sheet
| Total Assets | 11.2B |
| Total Liabilities | 9.7B |
| Equity | — |
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