ReNew Energy Global

RNW on Nasdaq. Electric services. Market value $2.5bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to March 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

The latest annual report is over 15 months old, so we don't rank it.

Should I look at this?

Not a fit for our list right now

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This is not advice. Check the numbers below.

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Cash yield
annual report to March 2025
n/a

We could not compute this from the filings.

Price to profit
annual report to March 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to March 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$6.87 a share, 57% above its 1-year low

Over the past year the price has ranged from $4.39 to $8.16.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

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2022202320242025
Revenue
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Operating margin
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Debt to equity
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Shares outstanding
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Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • DebtUnknown
  • Revenue growth, five yearsUnknown

Dates

Next results (estimated)
n/a
Last annual report (10-K)
30 July 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

1 long-term investor we follow owns it, up from 0 last quarter. 145 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

7 investors own more than 5%.

  • Since 11 August 2026
    What they said

    The information set forth in or incorporated by reference in Items 3 and 6 of this Schedule 13D is hereby incorporated herein by reference. This Amendment amends and supplements Item 4 of the Original Schedule 13D by adding the following: Transaction Agreement Consideration…

    Read the filing
  • Abu Dhabi Investment Authority
    Strategic holder
    at least 23.6%−0.2 pts
    (filed with 2 related holders)
    Since 11 August 2026
    What they said

    This Amendment amends and supplements Item 4 of the Original Schedule 13D by adding the following: On August 11, 2026, Canada Pension Plan Investment Board ("CPPIB") and Sumant Sinha (the "Founder") and together with CPPIB, the "Consortium") and the Issuer entered into a…

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  • Sumant Sinha
    Insider or founder
    at least 19.8%−0.0 pts
    (filed with 2 related holders)
    Since 11 August 2026
    What they said

    The information set forth in or incorporated by reference in Item 6 of this Schedule 13D is hereby incorporated herein by reference. This Amendment amends and supplements Item 4 of the Original Schedule 13D by adding the following: Transaction Agreement On August 11, 2026,…

    Read the filing
  • JERA Co., Inc.
    Strategic holder
    11.6%
    Since 28 October 2025
    What they said

    This Amendment amends and supplements Item 4 of the Original Schedule 13D by adding the following: Announcement of Possible Offer On October 28, 2025, the Issuer announced that it had reached an agreement in principle on the key financial terms of a possible cash offer (the…

    Read the filing
  • JERA Power RN B.V.
    Strategic holder
    at least 10.0%−1.6 pts
    (filed with 1 related holder)
    Since 11 August 2026
    What they said

    This Amendment amends and supplements Item 4 of the Original Schedule 13D by adding the following: Transaction Agreement On August 11, 2026, the Issuer and a consortium comprising CPP Investments and the founder, Chairman and CEO of the Issuer, Mr. Sumant Sinha (together with…

    Read the filing
  • Franklin Resources, Inc.
    Passive investor
    at least 5.9%+1.1 pts
    (filed with 3 related holders)
    Since 31 March 2026
  • at least 4.5%
    (filed with 1 related holder)
    Since 31 December 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought or sold on the open market in the last 12 months.

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.