RNWNasdaqElectric ServicesFiscal year ends March 31
ReNew Energy Global plc
Financials through fiscal 2024, year ended Mar 31, 2025Last filing: 20-F on Jul 30, 2026
$6.88+0.00 (0.00%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2017 to 2024
Operating margin
10.4%+11.4 pts over 5 years
Net margin
3.9%+9.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.4% | +17.8% | +12.7% | – | |
| Operating income | +21.2% | – | – | – | |
| Net income | +12.0% | – | – | – | |
| EPS, diluted | +9.0% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 3.5% | |
| Return on assets | – | – | 0.4% | |
| Current ratio | – | 1.61 | 0.60 | |
| Debt to equity | – | 4.47 | 6.42 | |
| Net debt to EBITDA | – | 29.96× | 22.22× | |
| Interest coverage | – | -0.0× | 0.2× | |
| Diluted shares | – | 459M | – |
Cash use needs five years of cash flow figures
ReNew Energy Global does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.9%
×Asset turnover0.11×
×Equity multiplier8.42×
=Return on equity, FY20243.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 3.9% | 0.11× | 8.42× | 3.5% |
| FY2023 | 4.2% | 0.10× | 7.64× | 3.2% |
| FY2022 | -6.2% | 0.11× | 6.16× | -4.3% |
| FY2021 | -27.1% | 0.10× | 6.28× | -17.8% |
| FY2020 | -14.3% | 0.11× | 7.11× | -11.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
5of 7 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero₹3.81B
- Cash generatingOperating cash flow above zero₹67.57B
- Return on assets improvedROA up on the prior year0.5% → 0.4%
- Earnings backed by cashOperating cash flow above net income₹67.57B vs ₹3.81B
- Less leverageLong-term debt to assets fell64.7% → 60.7%
- Better liquidityCurrent ratio rose0.74 → 0.60
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.11 → 0.11