Renew Energy Global PLC (RNW) fair value: what the stock is really worth
We calculate from audited financials what Renew Energy Global PLC is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Utilities · US · Market cap $2.5B · ISIN GB00BNQMPN80
At a glance
RERenew Energy Global PLCRNW · US
Price$6.85
Fair Value$10.65
Upside+55.5%
Quality40/100
Below-average quality, trading 36% below our fair value of $10.65.
As of Sep 8, 2026, the fair value of Renew Energy Global PLC is $10.65 per share against a price of $6.85, so the fair value sits 55% above the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +23.6 %/yr)
!Thin margins · 7.9% net margin
!High debt · negative free cash flow
✓Ranks above peers (8/12)
!Moderate moat 53/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange $4.29 to $16.50
Fair value as of: Sep 8, 2026
From 13 valuation models · updated 3 days ago
Fair value updated Sep 8, 2026, revised from $10.45 to $10.65 (+1.9%) since Aug 21, 2026.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
The model range is unusually wide ($4.29 to $16.50). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.
How to read this chart
60‑month range $4.22 – $11.80 · fair‑value band $4.29 – $16.50 · the $6.85 price screens below the $10.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 8, 2026.
Renew Energy Global PLC (RNW) currently trades at $6.85, while our model-based Fair Value estimate is $10.65, implying the stock looks roughly 35.7% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $23.89 per share, and 9 of the 13 models we run sit above the $6.85 price. Bear case: the Economic Profit group reads lowest at $3.10, and 4 of the 13 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Renew Energy Global PLC generated revenue of ₹132B at a net margin of 7.9%. Revenue grew 9.5% year over year. It earns a return on equity of 7.5%. Net debt stands at ₹697B. Fundamentals as of Sep 8, 2026
Scenario range: $4.29 (bear) to $16.50 (bull), the price of $6.85 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 17% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at 55%, RNW screens cheaper than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then ($0.1303 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Highest evidence
Residual Income best evidence$5.61$6.07$7.5875
EPVn/a$3.10$6.7467
ROIC Compoundern/a$3.10$6.8366
All 13 models by family
Earnings-Based
Graham-Dodd$4.02$28.06$39.3860
Lynch FV$13.16$18.80$24.4458
PEG = 1.0$13.16$18.80$24.4455
EPVn/a$3.10$6.7467
Multiples
P/E Multiple$7.99$10.65$13.3161
P/S Multiple$7.54$10.06$12.5756
P/B Multiple$7.54$10.06$12.5753
EV/EBIT$8.90$21.14$33.3960
EV/EBITDA$8.08$20.05$32.0261
Asset-Based
NCAV (Graham)$3.34$4.48$6.6852
Economic Profit
Residual Income best evidence$5.61$6.07$7.5875
ROIC Compoundern/a$3.10$6.8366
Growth Earnings
Growth-Adj P/E$16.72$23.89$31.0666
Widest divergence: Growth Earnings ($23.89) versus Economic Profit ($3.10). Highest evidence: Residual Income (75).
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Key figures & financial health
P/E ratio21.8as of Jun 23, 2026
P/S ratio1.71P/E × margin
EPS (TTM)$0.2900price ÷ EPS = P/E 21.8
Net margin7.9%FY2026
Return on equity7.5%TTM
Return on assets (EBIT)5.5%avg 5y
More key figures
Profitability
Operating margin34.2%TTM
Growth
Revenue (TTM)₹132BTTM
Revenue growth (YoY)+9.5%3y avg +21.2%
EPS growth (YoY)−77.0%
Balance sheet & cash flow
Free cash flow−₹77.2BFY2026
Net debt₹697BFY2026
Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality40/100
Of which business quality 36
· Market factors (momentum, volatility) 48
Profitability24
Margins and returns on capital today
Quality Growth45
Are margins and returns improving?
Cashflow41
Earnings quality: real cash, not paper profit
Fin. Strength7
Balance sheet, leverage, solvency risk
Investment39
Disciplined investing over empire-building
Low Volatility44
Calm price path (market factor)
Momentum54
Price trend over the last 3–12 months (market factor)
52W Momentum43
Distance to the 52-week high (market factor)
Net Issuance83
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
ReNew Energy Global Plc, together with its subsidiaries, engages in the generation of power through non-conventional and renewable energy sources in India. It operates through five segments: Wind Power, Solar Power, Hydro Power, Transmission Line, and Manufacturing segments.
Full company description
ReNew Energy Global Plc, together with its subsidiaries, engages in the generation of power through non-conventional and renewable energy sources in India. It operates through five segments: Wind Power, Solar Power, Hydro Power, Transmission Line, and Manufacturing segments. The company develops and owns utility scale wind and solar energy projects, corporate wind and solar energy projects, and utility-scale firm power projects. It also provides operation and maintenance services; consultancy services; and engineering, procurement, and construction services. As of May 31, 2025, the company operates a 18.46 GWs total capacity of clean energy portfolio. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Renew Energy Global PLC reported revenue of ₹139B in FY2026 versus ₹59.3B in FY2022, a compound +23.7%/yr. Reported net income was ₹10.9B in FY2026.
Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹139B
Latest YoY
+43.3%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.2%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.6%
Avg. revenue growth/yr (13Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+57.0%
Value creation/yr (3Y, in INR) ⓘEarnings growth per share (CAGR 3 years, EBIT basis) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +13.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+13.3%
Dividend yield0.0%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.62.1% (2021) → 43.4% (2026) · falling
Worst earnings drop258% (2021) (loss year, drop beyond 100%) · in INR
⚠ Final year 2026 sits 201% above trend (one-off), rate on operating basis
Revenue+23.7%/yr
FY22₹59.3B
FY23₹78.2B
FY24₹81.3B
FY25₹97.1B
FY26₹139B
Net income
FY22−₹16.1B
FY23−₹4.8B
FY24₹3.4B
FY25₹3.8B
FY26₹10.9B
Character of growth · EPS growth decomposed (2016-2026)+27.1 % p.a.
Revenue per share+27.9 %
of which total revenue +32.6 % · buybacks/dilution −3.6 %
EBIT margin−1.8 %
Tax rate−1.3 %
Residual (interest, one-offs)+2.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 0
FUTURE48· sector 0
PAST30· sector 14
HEALTH0· sector 67
DIVIDEND0· sector 42
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).
Is Renew Energy Global PLC (RNW) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of $10.65 versus a price of $6.85, about +55% upside (undervalued).
What is the fair value of RNW?
Our model-based fair value for Renew Energy Global PLC is $10.65 (as of Sep 8, 2026), built from audited fundamentals. The current price: $6.85.
What is the quality score of RNW?
Renew Energy Global PLC has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Renew Energy Global PLC (RNW)?
Our model-based price target is the fair value of $10.65 (as of Sep 8, 2026) from 13 valuation models. Cautious scenario $4.29, optimistic scenario $16.50. It is a calculation from audited fundamentals, not an analyst target.
What is the Renew Energy Global PLC stock forecast for 2026?
Our models put fair value at $10.65, about +55% upside versus a price of $6.85 (undervalued). Cautious scenario $4.29, optimistic scenario $16.50. The calculation is refreshed regularly with new filings.
What is the revenue of Renew Energy Global PLC (RNW)?
Renew Energy Global PLC reported trailing-twelve-month revenue of about ₹132B (latest available figure, as of Sep 8, 2026).
What is the net profit margin of RNW?
The net profit margin of Renew Energy Global PLC is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.
What is the intrinsic value of Renew Energy Global PLC (RNW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Renew Energy Global PLC it is $10.65 per share (as of Sep 8, 2026), against a price of $6.85. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Renew Energy Global PLC stock overvalued or undervalued in 2026?
As of Sep 8, 2026, RNW trades below its calculated fair value: price $6.85, fair value $10.65, a gap of about +55% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RNW?
No. The price is what the market pays today ($6.85); the fair value is what the company's own numbers justify ($10.65). For Renew Energy Global PLC the two are $3.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Renew Energy Global PLC worth?
The market values Renew Energy Global PLC at about $2.5B (market capitalisation, as of Sep 8, 2026). Per share that is $6.85; our models calculate a fair value of $10.65 per share.
What do the bullish and bearish scenarios say about RNW?
Our models span a range for Renew Energy Global PLC: cautious scenario $4.29, base $10.65, optimistic $16.50 per share (as of Sep 8, 2026, price $6.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RNW?
Renew Energy Global PLC trades at a price-to-earnings ratio of 21.8 (as of Sep 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $10.65 is built from several models across several years.
How solid is the balance sheet of Renew Energy Global PLC (RNW)?
Balance-sheet figures for Renew Energy Global PLC (as of Sep 8, 2026): return on equity 7.5%, debt of 4.72 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is RNW from its 52-week high?
Renew Energy Global PLC trades at $6.85, about 17% below its 52-week high of $8.24 and 56% above the low of $4.39 (as of Sep 8, 2026). Distance from the high says nothing about value: that is what the fair value of $10.65 is for.
Which stocks are comparable to Renew Energy Global PLC?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Renew Energy Global PLC stock attractive at the current price?
The data as of Sep 8, 2026: price $6.85, calculated fair value $10.65 (+55%), Quality Score 40/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RNW calculated?
We run Renew Energy Global PLC through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $10.65, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Renew Energy Global PLC currently trades 55 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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