ReNew Energy Global Plc (RNW) is a publicly traded company in the Utilities — Renewable Utilities industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
ReNew Energy Global Plc specializes in generating clean, renewable power across India. Its core business segments are wind power and solar power. The company adopts an integrated approach, overseeing the development, construction, ownership, and operation of both large-scale utility wind and solar farms, alongside localized distributed solar projects designed for commercial and industrial clients.
Is ReNew Energy Global Plc stock overvalued or undervalued in 2026?
As of October 2, 2026, ReNew Energy Global Plc (RNW) trades at 21.3× earnings (P/E), against a median of 20.2× across the 98 utilities companies above $2bn in Kaplio's universe. Kaplio's verdict: fairly priced. At its sector median (20.2×) $6 (-5 %).
Kaplio overview: ReNew Energy Global Plc
Market cap $2B · 52 weeks $4 – $8 (15 % below the high) · P/E 21.3× · 2027 expected P/E 30.4× · Dividend none · Next earnings November 9, 2026 · expected EPS $0.16 · Price as of Oct 2 · accounts published Aug 18.
- Valuation: P/E 21.3× (fairly priced).
- Business: ROE 9.0 % (solid).
- Balance sheet: Net debt/EBITDA 6.5× (fragile).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At its sector median (20.2×) $6 (-5 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 2 of 4 pass
- Net debt / EBITDA 6.5×, fails.
- Interest coverage 0.9×, fails.
- Regulated ROE (8-12%) 9.0 %, passes.
- Payout Ratio 0.0 %, passes.
Against its peers (reference peers) — ReNew Energy Global Plc: P/E 21.3×; EV/EBITDA 9.5×; ROIC 4.5 %; $2.5B. MGE Energy, Inc. (P/E 17.4×; EV/EBITDA 12.4×; ROIC 5.0 %; $2.6B), California Water Service Group (P/E 20.7×; EV/EBITDA 12.0×; ROIC 3.1 %; $2.8B), Avista Corporation (P/E 12.7×; EV/EBITDA 9.9×; ROIC 3.9 %; $2.9B).
Expensive or cheap against its last 3 years?
P/E at each close: today 21.3× · median 26.2× · minimum 11.6× · maximum 64.3× · cheap below 20.3× · expensive above 54.4×. It has been cheaper than today only 36% of the time over its last 3 years.
Profitability
| Return on Equity | 9.00% |
| Return on Invested Capital | 4.47% |
| Return on Assets | 1.03% |
| Gross Margin | 61.88% |
| Operating Margin | 42.07% |
| Net Margin | 8.11% |
Financial Health
| Debt / Equity | 6.15 |
| Current Ratio | 0.43 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.16 |
Price Performance
| 1 month | +0.15% |
| 3 months | +10.79% |
| Year-to-date | +21.77% |
| 1 year | -14.64% |
| 3 years | +30.80% |
| 5 years | -20.37% |
Related companies: AVA · AWR · CEPU · CPK · CWT · EE · FLNC
Explore sector: Utilities · Renewable Utilities
More sections of RNW: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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