ReNew Energy Global plc
RNW, RNWWW · Electric Services · EDGAR filings ↗
Grade
C61Indian renewable developer with strong growth and cash flow but very thin interest coverage and weak returns.
Strengths
- Top-of-sector OCF margin (100th) and strong revenue growth 16.5% (81.6th)
- Net income growth above median (63.8th)
Risks
- Interest coverage just 0.20 (11.8th) — earnings barely service heavy debt
- Weak ROE 3.5% (30.2nd), ROA 0.48% (21.6th) and current ratio 0.60 (25th)
Notable findings
- No interest coverageInterest coverage 0.20 (cannot cover interest)
- Weak liquidityCurrent ratio 0.60 (<1)
- Strong balance sheetStrong balance sheet — $473M cash & investments
Key metrics
Operating margin
10.4%
Net margin
4.8%
Return on equity
3.5%
Return on assets
0.5%
Revenue growth (QoQ)
16.4%
Net-income growth
8.5%
Interest coverage
0.2×
Current ratio
0.6×
Tangible book value
$1.5B
Cash & investments
$473M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-07-30 | 2025-03-31 | 0000950170-25-099896 ↗ |
| 20-F | 2024-07-30 | 2024-03-31 | 0000950170-24-087904 ↗ |
| 20-F | 2023-07-31 | 2023-03-31 | 0000950170-23-035740 ↗ |
| 20-F | 2022-07-25 | 2022-03-31 | 0000950170-22-012963 ↗ |
| 20-F | 2021-08-27 | 2021-08-23 | 0001193125-21-259256 ↗ |