ReNew Energy Global PLC Ordinary Shares - Class A RNW

Morningstar Rating

About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

RNW is trading at a LOCK|yr<MK premium.
Price
$6.84
Fair Value
LOCK|!v!K>%
Uncertainty
LOCK|>Np
1-Star Price
LOCK|.<HFZ#?
5-Star Price
LOCK|<t?R@#!
Economic Moat
LOCK|?NJ
Capital Allocation
—

News

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Shares Outstanding
364.56M
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
20.22
Price/Sales
1.66
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

ReNew Energy Global PLC is a developer and operator of clean energy projects. Additionally, it provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services that are increasingly integral to addressing climate change. The company has two reportable segments: Generation and sale of renewable power and Manufacturing of power equipment. The majority of its revenue is generated from the Generation and sale of renewable power segment, which reflects the revenue earned from its utility-scale wind energy projects, solar energy projects, and hydro energy projects. The Manufacturing of power equipment segment relates to the manufacturing of solar panels and modules. Geographically, all of its material revenues are generated from India.
Sector
Utilities
Industry
Utilities - Renewable
Stock Style Box
Mid Growth
Total Number of Employees
4,720

Valuation

Metric
RNW
Price/Earnings (Normalized)
20.22
Price/Book Value
1.81
Price/Sales
1.66
Price/Cash Flow
8.71
Price/Earnings
RNW

Financial Strength

Metric
RNW
Quick Ratio
0.37
Current Ratio
0.43
Interest Coverage
1.15
Quick Ratio
RNW

Profitability

Metric
RNW
Return on Assets (Normalized)
0.56%
Return on Equity (Normalized)
4.64%
Return on Invested Capital (Normalized)
5.34%
Return on Assets
RNW

Utilities - Renewable Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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Fortum Oyj ADR
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EDP Renewables SA ADR
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EDP Renewables SA
EDRVF
—LOCK|!J$15B
China Longyuan Power Group Corp Ltd ADR
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—LOCK|BN$13B

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