Financials ReNew Energy Global Plc

Equities

RNW

GB00BNQMPN80

Independent Power Producers

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
5.51 USD -1.96% Intraday chart for ReNew Energy Global Plc -2.48% -28.07%

Valuation

Fiscal Period: Maart 2021 2022 2023 2024 2025 2026
Capitalization 1 31,603 250,160 178,842 158,548 - -
Enterprise Value (EV) 1 31,603 567,989 618,348 734,730 783,747 804,176
P/E ratio -45.3 x -14.8 x -37.4 x 365 x -157 x 50.1 x
Yield - - - - - -
Capitalization / Revenue - 3.52 x 1.99 x 1.79 x 1.49 x 1.26 x
EV / Revenue - 7.98 x 6.89 x 8.31 x 7.36 x 6.41 x
EV / EBITDA - 10 x 9.94 x 11.3 x 9.93 x 8.42 x
EV / FCF - -11.6 x -29.7 x -20.1 x -21 x 32.5 x
FCF Yield - -8.58% -3.37% -4.98% -4.77% 3.07%
Price to Book - 1.89 x 1.49 x 1.74 x 1.8 x 1.69 x
Nbr of stocks (in thousands) 43,125 400,799 387,463 345,027 - -
Reference price 2 732.8 624.2 461.6 459.5 459.5 459.5
Announcement Date 6/22/21 6/14/22 6/6/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2021 2022 2023 2024 2025 2026
Net sales 1 - 71,149 89,721 88,397 106,501 125,380
EBITDA 1 - 56,716 62,235 64,969 78,893 95,541
EBIT 1 - 41,893 46,146 45,672 55,204 69,821
Operating Margin - 58.88% 51.43% 51.67% 51.83% 55.69%
Earnings before Tax (EBT) 1 - -12,560 -2,468 2,368 -933.8 7,287
Net income 1 -7,818 -16,617 -4,853 225.1 -25.01 7,095
Net margin - -23.36% -5.41% 0.25% -0.02% 5.66%
EPS 2 -16.16 -42.13 -12.34 1.258 -2.926 9.174
Free Cash Flow 1 - -48,759 -20,811 -36,577 -37,398 24,720
FCF margin - -68.53% -23.2% -41.38% -35.11% 19.72%
FCF Conversion (EBITDA) - - - - - 25.87%
FCF Conversion (Net income) - - - - - 348.41%
Dividend per Share 2 - - - - - -
Announcement Date 6/22/21 6/14/22 6/6/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 15,517 21,336 13,719 18,099 25,181 22,254 16,056 26,000 24,950 21,492 15,223 20,180 26,478
EBITDA 1 13,467 18,213 10,763 13,184 20,320 18,127 11,669 12,051 18,879 17,999 12,171 14,163 22,093
EBIT 1 10,306 14,942 6,746 9,518 17,611 14,161 7,614 7,897 15,885 12,327 5,649 7,809 16,891
Operating Margin 66.42% 70.03% 49.17% 52.59% 69.94% 63.64% 47.42% 30.37% 63.67% 57.35% 37.11% 38.7% 63.79%
Earnings before Tax (EBT) 1 1,485 -8,995 -4,699 -3,979 1,275 566.5 -3,559 -721 4,657 1,546 -5,034 -3,885 3,493
Net income 425 -10,333 -6,519 -3,667 -79.69 -971.1 -4,055 286 - - -4,772 -3,360 3,385
Net margin 2.74% -48.43% -47.51% -20.26% -0.32% -4.36% -25.26% 1.1% - - -31.34% -16.65% 12.78%
EPS 2 1.060 -54.27 -15.16 -9.362 -0.2391 -2.428 -12.41 0.0600 7.485 4.155 -13.00 -9.171 8.337
Dividend per Share - - - - - - - - - - - - -
Announcement Date 8/18/22 11/18/21 2/24/22 6/14/22 8/18/22 11/15/22 2/17/23 6/6/23 8/18/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2021 2022 2023 2024 2025 2026
Net Debt 1 - 317,829 439,506 576,182 625,200 645,629
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - 5.604 x 7.062 x 8.869 x 7.925 x 6.758 x
Free Cash Flow 1 - -48,759 -20,811 -36,577 -37,398 24,720
ROE (net income / shareholders' equity) - -17.9% -4.28% -1.08% -4.04% 5.4%
ROA (Net income/ Total Assets) - -2.85% -0.69% - - 0.8%
Assets 1 - 583,871 699,102 - - 886,864
Book Value Per Share 2 - 329.0 310.0 264.0 256.0 272.0
Cash Flow per Share 2 - 118.0 172.0 28.50 30.40 65.60
Capex 1 - 92,368 86,452 183,319 85,602 117,834
Capex / Sales - 129.82% 96.36% 207.38% 80.38% 93.98%
Announcement Date 6/22/21 6/14/22 6/6/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
459.5 INR
Average target price
723 INR
Spread / Average Target
+57.34%
Consensus
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