Renew Energy Global plc key statistics and ratios

In fiscal 2026, Renew Energy Global plc had return on equity of 8.4%, an operating margin of 10.6%, debt equal to 610.0% of equity and a current ratio of 0.43. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Renew Energy Global plc: financial ratios, annual
Fiscal year	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Operating margin	10.4%	−1.1%	−9.3%	−20.6%	−3.3%	10.2%	10.4%	10.6%
Net margin	5.5%	−5.1%	−14.3%	−27.1%	−6.2%	4.2%	3.9%	7.4%
Return on equity	3.2%	−3.5%	−11.5%	−17.9%	−4.2%	3.2%	3.5%	8.4%
Return on assets	—	−0.6%	−1.6%	−2.8%	−0.7%	0.4%	0.4%	1.0%
Asset turnover	—	0.12	0.11	0.10	0.11	0.10	0.11	0.13
Current ratio	—	1.61	1.52	1.33	0.95	0.74	0.58	0.43
Debt to equity	0.0%	446.5%	557.0%	327.8%	496.4%	615.2%	642.1%	610.0%
Interest cover (operating income ÷ interest)	1.1x	n/m	n/m	n/m	n/m	0.2x	0.2x	0.2x
Effective tax rate	36.5%	—	—	—	—	49.1%	54.2%	23.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 7 checks passed · March 31, 2026

What it owns · $11.3bn

Short-term assets $1.4bnLonger-term assets $9.8bn

What it owes, and who funded it · $11.1bn

Short-term liabilities $3.4bnLonger-term liabilities $6.3bnShareholders' equity $1.3bn

Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $3.4bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.4bn short-term assets against $6.3bn of longer-dated liabilities.
More cash than debt $243m of cash against $8.2bn of debt.
Debt below 40% of shareholders' equity Debt is 610% of equity.
Debt burden no higher than five years ago Debt to equity moved from 540% to 610% over five years.
A year's operating cash flow covers at least 20% of debt $922m of operating cash flow against $8.2bn of debt.
Operating profit covers interest at least five times over Operating income of $159m against $654m of interest.

From Renew Energy Global plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CWEN vs RNW ORA vs RNW ENLT vs RNW

More: Renewable Electricity stocks compared, Utilities sector, rankings of US companies

Figures from Renew Energy Global plc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Renew Energy Global plc.