ReNew Energy Global plc Class A Ordinary Shares (RNW)

FairStock Score: 74/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $6.88, ReNew presents a mixed Graham-style picture. The company develops and owns renewable power in India, with generation and equipment manufacturing. FairStock calculates a P/E of 22.19, P/B of 1.84, and EV/EBITDA of 7.68. The Graham Number of $49.96 implies an 86.23% margin of safety, and a Piotroski F-Score of 8/9 suggests some accounting strength. But I do not confuse a statistical cheapness with a safe bargain. Debt-to-equity is 5.25, the Altman Z-Score is -0.16, ROE is 7.74%, and ROCE is only 3.88%. A renewable developer may have local scale and know-how, but a 3.88% return on capital is not evidence of a wide moat. The supplied revenue growth figure is 9.46%, while the profit growth figure is -90.13%; neither is tied to a named period in the data, so I treat them cautiously. In fiscal Q2 2026, the company reported revenue of $44.6B and net income of $6.0B, a 13.35% margin, so the latest quarter was profitable. Yet trailing free cash flow was -$17.5B and FCF yield was -925.5%. That cash burn is the central issue. Unless heavy project spending eventually converts into durable cash flow and debt comes down, the cheap-looking asset value may be illusory. I would wait for evidence of capital discipline, lower leverage, and positive free cash flow before calling the price a true bargain.

In plain English: ReNew Energy Global builds and runs renewable power projects in India, mainly wind and solar. The latest quarter was profitable, but profits have fallen sharply, the company uses a lot of debt, and it is spending more cash than it brings in. At $6.88, the price looks very cheap compared with its stated accounting value, but less cheap compared with current earnings and cash flow.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer