RENEW ENERGY GLOBAL PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.2 USD | +6.53% |
|
+3.51% | -19.06% |
| Jun. 07 | Roth MKM Adjusts Price Target on ReNew Energy Global to $9 From $8, Maintains Buy Rating | MT |
| Jun. 06 | Transcript : ReNew Energy Global Plc, Q4 2024 Earnings Call, Jun 06, 2024 |
Valuation
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 31,603 | 250,160 | 178,842 | 178,629 | - | - |
| Enterprise Value (EV) 1 | 31,603 | 567,989 | 618,348 | 172,583 | 807,275 | 817,800 |
| P/E ratio | -45.3 x | -14.8 x | -37.4 x | -93.2 x | 87.9 x | 9.92 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | - | 3.52 x | 1.99 x | 1.79 x | 1.67 x | 1.41 x |
| EV / Revenue | - | 7.98 x | 6.89 x | 1.79 x | 7.56 x | 6.46 x |
| EV / EBITDA | - | 10 x | 9.94 x | 2.49 x | 10.2 x | 8.55 x |
| EV / FCF | - | -11.6 x | -29.7 x | -20.7 x | -25.9 x | 13.8 x |
| FCF Yield | - | -8.58% | -3.37% | -4.84% | -3.87% | 7.26% |
| Price to Book | - | 1.89 x | 1.49 x | 1.96 x | 2.03 x | 1.9 x |
| Nbr of stocks (in thousands) | 43,125 | 400,799 | 387,463 | 345,027 | - | - |
| Reference price 2 | 732.8 | 624.2 | 461.6 | 517.7 | 517.7 | 517.7 |
| Announcement Date | 6/22/21 | 6/14/22 | 6/6/23 | 6/5/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 71,149 | 89,721 | 96,531 | 106,810 | 126,632 |
| EBITDA 1 | - | 56,716 | 62,235 | 69,216 | 79,407 | 95,647 |
| EBIT 1 | - | 41,893 | 46,146 | 45,672 | 56,393 | 70,964 |
| Operating Margin | - | 58.88% | 51.43% | 51.67% | 52.8% | 56.04% |
| Earnings before Tax (EBT) 1 | - | -12,560 | -2,468 | 2,368 | 5,659 | 14,693 |
| Net income 1 | -7,818 | -16,617 | -4,853 | 4,147 | 4,285 | 20,501 |
| Net margin | - | -23.36% | -5.41% | 4.3% | 4.01% | 16.19% |
| EPS 2 | -16.16 | -42.13 | -12.34 | -5.552 | 5.893 | 52.20 |
| Free Cash Flow 1 | - | -48,759 | -20,811 | -36,577 | -31,214 | 59,371 |
| FCF margin | - | -68.53% | -23.2% | -41.38% | -29.22% | 46.88% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 62.07% |
| FCF Conversion (Net income) | - | - | - | - | - | 289.61% |
| Dividend per Share 2 | - | - | - | - | - | - |
| Announcement Date | 6/22/21 | 6/14/22 | 6/6/23 | 6/5/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,517 | 21,336 | 13,719 | 18,099 | 25,181 | 22,254 | 16,056 | 26,000 | 24,950 | 21,492 | 15,223 | 20,180 | 26,635 |
| EBITDA 1 | 13,467 | 18,213 | 10,763 | 13,184 | 20,320 | 18,127 | 11,669 | 12,051 | 18,879 | 17,999 | 12,171 | 14,163 | 21,991 |
| EBIT 1 | 10,306 | 14,942 | 6,746 | 9,518 | 17,611 | 14,161 | 7,614 | 7,897 | 15,885 | 12,327 | 5,649 | 7,809 | 17,565 |
| Operating Margin | 66.42% | 70.03% | 49.17% | 52.59% | 69.94% | 63.64% | 47.42% | 30.37% | 63.67% | 57.35% | 37.11% | 38.7% | 65.95% |
| Earnings before Tax (EBT) 1 | 1,485 | -8,995 | -4,699 | -3,979 | 1,275 | 566.5 | -3,559 | -721 | 4,657 | 1,546 | -5,034 | -3,885 | 3,773 |
| Net income | 425 | -10,333 | -6,519 | -3,667 | -79.69 | -971.1 | -4,055 | 286 | - | - | -4,772 | -3,360 | 3,156 |
| Net margin | 2.74% | -48.43% | -47.51% | -20.26% | -0.32% | -4.36% | -25.26% | 1.1% | - | - | -31.34% | -16.65% | 11.85% |
| EPS 2 | 1.060 | -54.27 | -15.16 | -9.362 | -0.2391 | -2.428 | -12.41 | 0.0600 | 7.485 | 4.155 | -13.00 | -9.171 | 8.009 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/18/22 | 11/18/21 | 2/24/22 | 6/14/22 | 8/18/22 | 11/15/22 | 2/17/23 | 6/6/23 | 8/18/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 317,829 | 439,506 | 576,852 | 628,647 | 639,171 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 5.604 x | 7.062 x | 8.87 x | 7.917 x | 6.683 x |
| Free Cash Flow 1 | - | -48,759 | -20,811 | -36,577 | -31,214 | 59,371 |
| ROE (net income / shareholders' equity) | - | -17.9% | -4.28% | -1.08% | 1.8% | 8.3% |
| ROA (Net income/ Total Assets) | - | -2.85% | -0.69% | - | 0.6% | 1.7% |
| Assets 1 | - | 583,871 | 699,102 | - | 714,230 | 1,205,919 |
| Book Value Per Share 2 | - | 329.0 | 310.0 | 264.0 | 256.0 | 272.0 |
| Cash Flow per Share 2 | - | 118.0 | 172.0 | 28.50 | 30.40 | 65.60 |
| Capex 1 | - | 92,368 | 86,452 | 183,468 | 80,143 | 50,089 |
| Capex / Sales | - | 129.82% | 96.36% | 207.56% | 75.03% | 39.56% |
| Announcement Date | 6/22/21 | 6/14/22 | 6/6/23 | 6/5/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
517.7
INR
Average target price
734.9
INR
Spread / Average Target
+41.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.06% | 2.14B | |
| +16.73% | 35.36B | |
| +24.10% | 26.6B | |
| -22.38% | 16.16B | |
| -4.08% | 6.73B | |
| -0.08% | 4.48B | |
| -12.68% | 3.97B | |
| -3.95% | 3.07B | |
| +9.36% | 2.97B | |
| -.--% | 2.89B |
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- Financials ReNew Energy Global Plc
