Renew Energy Global PLC (RNW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Renew Energy Global PLC stock $5.39, price $6.93, that is 22.2% below the price, quality 40 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $4.22 – $11.80 · fair‑value band $4.00 – $7.05 · the $6.93 price screens above the $5.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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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.
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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.
Stock analysis
Renew Energy Global PLC (RNW) currently trades at $6.93, while our model-based Fair Value estimate is $5.39, 22% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $12.73 per share, and 4 of the 13 models we run sit above the $6.93 price.
Bear case: the Asset-Based group reads lowest at $1.14, and 9 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $4.00 (bear) to $7.05 (bull), the price of $6.93 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap $2.6B Mid · P/E ratio 18.2 · P/S ratio 1.43 · EPS (TTM) $0.3800 · Net margin 7.9% · Return on equity 8.6% · Return on assets (EBIT) 5.5% (5-year average) · Operating margin 52.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at −22%, RNW screens cheaper than that median.
Fair Value models
Bear$4.00Fair Value $5.39Bull$7.05
Price $6.93 · Downside -22.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.2311 per share) are deliberately not added.Bear ⓘ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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+43.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+21.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
Start year 2021 (pandemic). Over 10 years: +36.6% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+57.0%
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What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. 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.
≈ +13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.2%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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% → 43%
⚠ Rate on operating basis: 2026 sits 200% above its own trend.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Growing renewable capacity to 12.6 GW provides operational scale, yet low ROE and negative free cash flow underline limited durable advantage.
Main risk: High leverage together with negative free cash flow risks constraining funding for the manufacturing push and further capacity growth.
ReNew just added a record 2.4 GW of renewable capacity last year, lifting its operating portfolio to 12.6 GW while pushing ahead with major solar manufacturing expansion. That scale-up comes as the company evaluates a take-private offer from its CEO and a major investor. Our models currently see the stock as overvalued. Will the manufacturing push create more stable earnings than traditional project development, or will it mainly raise capital intensity without improving returns?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Renewable · 197 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside−22.2% · Below median
Profitability
Return on equity (12 months)8.6% · Above median
Return on assets1.1% · Below median
Net margin (12 months)8.4% · Above median
Operating margin (12 months)52.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)28.2% · Top 25%
Balance sheet
Debt / equity4.27× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Renew Energy Global PLC Fair Value". https://www.fairvalue-calculator.com/stock/RNW
Frequently asked questions
Is Renew Energy Global PLC (RNW) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $5.39 versus a price of $6.93, about 22% lower (overvalued).
What is the fair value of RNW?
Our model-based fair value for Renew Energy Global PLC is $5.39 (as of Nov 6, 2026), built from audited fundamentals. The current price: $6.93.
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 $5.39 (as of Nov 6, 2026) from 13 valuation models. Cautious scenario $4.00, optimistic scenario $7.05. 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 $5.39, about 22% lower versus a price of $6.93 (overvalued). Cautious scenario $4.00, optimistic scenario $7.05. 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 ₹148B (latest available figure, as of Nov 6, 2026).
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 $5.39 per share (as of Nov 6, 2026), against a price of $6.93. It is the blended result of 13 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Renew Energy Global PLC stock overvalued or undervalued in 2026?
As of Nov 6, 2026, RNW trades above its calculated fair value: price $6.93, fair value $5.39, a gap of about −22% (overvalued). 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 ($6.93); the fair value is what the company's own numbers justify ($5.39). For Renew Energy Global PLC the two are $1.54 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 $2.6B (market capitalisation, as of Nov 6, 2026). Per share that is $6.93; our models calculate a fair value of $5.39 per share.
What do the bullish and bearish scenarios say about RNW?
Our models span a range for Renew Energy Global PLC: cautious scenario $4.00, base $5.39, optimistic $7.05 per share (as of Nov 6, 2026, price $6.93). 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 18.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $5.39 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 23.4 (reported for FY2026: 22.1). Other multiples: P/B 2.0, P/S 1.6, EV/EBITDA 7.2.
How solid is the balance sheet of Renew Energy Global PLC (RNW)?
Balance-sheet figures for Renew Energy Global PLC (as of Nov 6, 2026): return on equity 8.6%, debt of 4.27 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 $6.93, about 9% below its 52-week high of $7.61 and 54% above the low of $4.50 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $5.39 is for.
Which stocks are comparable to Renew Energy Global PLC?
From the same area (Utilities) we also value China Yangtze Power Co, Huaneng Lancang River Hydropower Inc, Ørsted A/S, VERBUND AG, 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 Nov 6, 2026: price $6.93, calculated fair value $5.39 (−22%), 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 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $5.39 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Renew Energy Global PLC itself currently trades above fair value. 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 is it worth investing now.
What is the share price of Renew Energy Global PLC (RNW)?
The closing price on Nov 6, 2026 was $6.93. Our model-based fair value is $5.39, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Renew Energy Global PLC right now?
Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Renew Energy Global PLC (RNW) come from?
Earnings per share at Renew Energy Global PLC grew +27.1 % a year from 2016 to 2026. Broken into its drivers: revenue per share +27.9 %, EBIT margin −1.8 %, tax rate −1.3 %, residual (interest, one-offs) +2.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Renew Energy Global PLC
How large is the market capitalisation of Renew Energy Global PLC (RNW)?
The market capitalisation of Renew Energy Global PLC is $2.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Renew Energy Global PLC (RNW)?
The price-to-sales ratio of Renew Energy Global PLC is 1.43 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Renew Energy Global PLC (RNW)?
Earnings per share at Renew Energy Global PLC are $0.3800 (price ÷ EPS = P/E 18.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Renew Energy Global PLC (RNW)?
The net margin of Renew Energy Global PLC is 7.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Renew Energy Global PLC (RNW)?
The return on equity (ROE) of Renew Energy Global PLC is 8.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Renew Energy Global PLC (RNW)?
On an EBIT basis the return on assets of Renew Energy Global PLC is 5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Renew Energy Global PLC (RNW)?
The operating margin of Renew Energy Global PLC is 52.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Renew Energy Global PLC (RNW)?
Revenue at Renew Energy Global PLC is growing +28.2% versus a year earlier (3y avg +21.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Renew Energy Global PLC (RNW)?
Earnings per share at Renew Energy Global PLC are growing +42.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Renew Energy Global PLC (RNW) generate?
The free cash flow of Renew Energy Global PLC is −₹77.2B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Renew Energy Global PLC (RNW) carry?
The net debt of Renew Energy Global PLC is ₹697B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026