Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data ReNew Energy Global plc files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2024
FY2025
Revenue
912
1,087
976
1,136
General and administrative
0
0
0
Operating income
-161
-31
100
118
Interest income
27
35
63
54
Pre-tax income
-161
-30
98
117
Income tax
51
31
48
64
Net income to minority interests
-1
-3
9
9
Net income
-212
-59
41
45
EBITDA
20
162
311
360
EPS, basic
-0.54
-0.15
0.12
0.13
EPS, diluted
-0.54
-0.15
0.12
0.13
Balance sheet
FY2021
FY2022
FY2024
FY2025
Cash and equivalents
345
458
316
473
Short-term investments
18
3
Inventory
11
15
20
49
Total current assets
1,782
1,337
1,253
1,386
Property, plant and equipment
5,768
6,550
8,143
8,745
Lease right-of-use assets
99
129
155
170
Total assets
8,453
9,083
10,486
11,235
Accounts payable
74
74
109
96
Short-term debt
191
517
977
1,647
Total current liabilities
1,335
1,410
1,704
2,299
Lease liabilities
40
67
90
97
Total liabilities
6,788
7,642
9,026
9,700
Total debt
871
760
Paid-in capital
2,030
1,875
1,850
1,805
Shareholders' equity
1,561
1,300
1,262
1,318
Minority interests
105
141
198
217
Total equity
1,666
1,441
1,460
1,535
Total liabilities and equity
8,453
9,083
10,486
11,235
Cash flow statement
FY2021
FY2022
FY2024
FY2025
Net income
-213
-61
50
54
Depreciation and amortization
181
193
211
242
Cash from operations
559
798
827
791
Cash from investing
-1,644
-912
-1,950
-868
Debt issued
4,967
Debt repaid
-3,364
Stock issued
0
0
0
0
Cash from financing
1,187
233
989
234
Exchange rate effect
0
1
0
0
Income taxes paid
41
25
40
26
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $6.84 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
10.4%
Operating income / revenue.
EBITDA margin
31.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
10.3%
Pre-tax income / revenue.
Net margin
4.0%
Net income / revenue.
Operating cash flow margin
69.6%
Cash from operations / revenue.
Effective tax rate
54.7%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
3.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.4%
Net income / average total assets.
Return on invested capital (ROIC)
7.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
D&A / revenue
21.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
16.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
7.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
18.0%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
15.8%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y
162.1%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
9.8%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
8.3%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-4.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
12.3%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
4.4%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-5.5%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
7.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
9.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.60x
Current assets / current liabilities.
Quick ratio
0.21x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.21x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.13
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$2.49B
Share price x shares outstanding.
Enterprise value
$2.02B
Market cap + total debt - cash - short-term investments.
P/E
55.4x
Market cap / net income. Only when net income is positive.
P/S
2.19x
Market cap / revenue.
P/B
1.89x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.89x
Market cap / tangible book value, when positive.
P/OCF
3.15x
Market cap / cash from operations, when positive.
EV/Sales
1.78x
Enterprise value / revenue.
EV/EBIT
17.1x
Enterprise value / operating income, when both are positive.
EV/EBITDA
5.60x
Enterprise value / EBITDA, when both are positive.
Earnings yield
1.8%
Net income / market cap (the inverse of P/E).
What was ReNew Energy Global plc's revenue in fiscal 2025?
ReNew Energy Global plc reported revenue of $1.14B for fiscal 2025, 16.4% higher than the year before.
Was ReNew Energy Global plc profitable in fiscal 2025?
Yes. Net income was $45.0M, a net margin of 4%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.