ReNew Energy Global Plc

NasdaqGS:RNW Stock Report

Market Cap: US$2.5b

ReNew Energy Global Valuation

Is RNW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RNW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate RNW's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate RNW's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RNW?

Key metric: As RNW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RNW. This is calculated by dividing RNW's market cap by their current earnings.
What is RNW's PE Ratio?
PE Ratio107.2x
Earnings₹1.98b
Market Cap₹212.59b

Price to Earnings Ratio vs Peers

How does RNW's PE Ratio compare to its peers?

The above table shows the PE ratio for RNW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.3x
ORA Ormat Technologies
34.4x11.4%US$4.1b
CWEN.A Clearway Energy
23.6x19.7%US$5.1b
MNTK Montauk Renewables
23.3x1.1%US$534.9m
AMPS Altus Power
16x-89.7%US$568.0m
RNW ReNew Energy Global
107.2x54.8%US$2.5b

Price-To-Earnings vs Peers: RNW is expensive based on its Price-To-Earnings Ratio (107.2x) compared to the peer average (24.3x).

Price to Earnings Ratio vs Industry

How does RNW's PE Ratio compare vs other companies in the North American Renewable Energy Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RNW 107.2xIndustry Avg. 15.2xNo. of Companies4PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RNW is expensive based on its Price-To-Earnings Ratio (107.2x) compared to the Global Renewable Energy industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is RNW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RNW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio107.2x
Fair PE Ratio41.6x

Price-To-Earnings vs Fair Ratio: RNW is expensive based on its Price-To-Earnings Ratio (107.2x) compared to the estimated Fair Price-To-Earnings Ratio (41.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RNW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.90
US$8.49
+23.0%
11.1%US$9.97US$7.18n/a5
Dec ’25US$6.03
US$8.71
+44.5%
11.9%US$10.28US$7.25n/a7
Nov ’25US$5.43
US$8.67
+59.6%
10.9%US$9.97US$7.27n/a7
Oct ’25US$5.95
US$8.70
+46.2%
10.9%US$10.01US$7.30n/a7
Sep ’25US$5.62
US$8.71
+54.9%
10.7%US$10.00US$7.41n/a7
Aug ’25US$6.01
US$8.88
+47.8%
10.4%US$10.24US$7.42n/a7
Jul ’25US$6.08
US$8.88
+46.1%
10.4%US$10.24US$7.42n/a7
Jun ’25US$5.99
US$8.82
+47.3%
9.7%US$10.03US$7.32n/a7
May ’25US$5.67
US$8.65
+52.5%
10.3%US$10.00US$7.30n/a7
Apr ’25US$6.00
US$8.87
+47.8%
9.6%US$10.01US$7.36n/a7
Mar ’25US$6.54
US$8.87
+35.6%
9.6%US$10.01US$7.36n/a7
Feb ’25US$6.64
US$8.75
+31.8%
9.6%US$10.00US$7.27n/a7
Jan ’25US$7.66
US$8.40
+9.6%
7.6%US$9.26US$7.27n/a7
Dec ’24US$6.58
US$8.24
+25.3%
9.7%US$9.25US$6.98US$6.037
Nov ’24US$5.62
US$7.90
+40.6%
12.4%US$8.98US$6.50US$5.437
Oct ’24US$5.43
US$7.94
+46.2%
12.3%US$9.05US$6.55US$5.957
Sep ’24US$6.02
US$7.94
+31.9%
12.3%US$9.05US$6.55US$5.627
Aug ’24US$6.14
US$7.95
+29.5%
12.8%US$9.02US$6.47US$6.017
Jul ’24US$5.48
US$8.00
+46.0%
12.9%US$9.06US$6.50US$6.087
Jun ’24US$5.39
US$8.41
+55.9%
15.1%US$10.02US$6.31US$5.997
May ’24US$5.13
US$8.88
+73.2%
20.4%US$12.09US$6.35US$5.677
Apr ’24US$5.62
US$8.88
+58.1%
20.4%US$12.09US$6.35US$6.007
Mar ’24US$4.22
US$10.25
+142.8%
34.5%US$17.76US$6.31US$6.547
Feb ’24US$5.93
US$10.90
+83.7%
33.4%US$18.00US$7.00US$6.647
Jan ’24US$5.50
US$11.29
+105.4%
30.1%US$17.94US$7.23US$7.667
Dec ’23US$5.85
US$11.29
+93.1%
30.1%US$17.94US$7.23US$6.587

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:33
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ReNew Energy Global Plc is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Julien Dumoulin-SmithBofA Global Research
Nikhil BhandariGoldman Sachs
Puneet GulatiHSBC