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ReNew Energy Global (RNW)

(Real Time Quote from BATS)

$5.60 USD

5.60
134,576

+0.12 (2.19%)

Updated Jul 22, 2024 12:02 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value B Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 40% (149 out of 250)

Industry: Alternative Energy - Other

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Balance Sheet

Research for RNW

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for ReNew Energy Global PLC falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Assets          
Cash & Equivalents 950 931 1,043 2 3
Receivables 165 263 591 0 NA
Notes Receivable NA 1 8 0 NA
Inventories 20 15 11 0 NA
Other Current Assets 117 129 130 1 1
Total Current Assets 1,253 1,337 1,782 3 5
Net Property & Equipment 8,138 6,550 5,768 0 NA
Investments & Advances 44 94 0 345 345
Other Non-Current Assets 97 110 13 0 NA
Deferred Charges 67 57 14 0 NA
Intangibles 455 470 524 0 NA
Deposits & Other Assets 288 335 254 0 NA
Total Assets 10,496 9,083 8,453 348 350
Liabilities & Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Notes Payable NA 0 0 0 NA
Accounts Payable 109 74 74 0 1
Current Portion Long-Term Debt 1,012 517 191 0 NA
Current Portion Capital Leases NA 0 0 0 NA
Accrued Expenses NA 0 0 0 0
Income Taxes Payable 19 3 7 0 NA
Other Current Liabilities 567 806 1,056 0 NA
Total Current Liabilities 1,719 1,410 1,335 0 1
Mortgages NA 0 0 0 NA
Deferred Taxes/Income 224 188 164 0 NA
Convertible Debt NA 0 0 0 NA
Long-Term Debt 6,790 5,686 4,926 0 NA
Non-Current Capital Leases NA 0 0 0 NA
Other Non-Current Liabilities 213 291 323 342 343
Minority Interest (Liabilities) NA 0 0 0 NA
Total Liabilities 9,036 7,642 6,788 343 345
Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Preferred Stock NA 0 0 0 NA
Common Stock (Par) 1,908 1,933 2,093 0 0
Capital Surplus NA 0 0 12 5
Retained Earnings -677 -652 -506 -7 0
Other Equity 230 159 78 0 NA
Treasury Stock NA 0 0 0 NA
Total Shareholder's Equity 1,460 1,441 1,666 5 5
Total Liabilities & Shareholder's Equity 10,496 9,083 8,453 348 350
Total Common Equity 101,459 1,441 1,666 5 100,004
Shares Outstanding 373.00 373.00 400.80 43.10 NA
Book Value Per Share 272.01 3.86 4.16 0.12 -1.00

Fiscal Year End for ReNew Energy Global PLC falls in the month of March.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 950 1,344 995 855
Receivables NA 165 181 235 249
Notes Receivable NA NA 2 3 1
Inventories NA 20 21 18 20
Other Current Assets NA 117 137 200 224
Total Current Assets NA 1,253 1,685 1,450 1,349
Net Property & Equipment NA 8,138 7,754 7,135 6,891
Investments & Advances NA 44 89 92 85
Other Non-Current Assets NA 97 105 110 110
Deferred Charges NA 67 69 71 56
Intangibles NA 455 452 458 466
Deposits & Other Assets NA 288 368 344 401
Total Assets NA 10,496 10,659 9,791 9,488
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA NA 0 0 0
Accounts Payable NA 109 96 86 87
Current Portion Long-Term Debt NA 1,012 1,215 1,018 940
Current Portion Capital Leases NA NA 0 0 0
Accrued Expenses NA NA 0 0 0
Income Taxes Payable NA 19 18 16 7
Other Current Liabilities NA 567 640 518 720
Total Current Liabilities NA 1,719 1,977 1,646 1,763
Mortgages NA NA 0 0 0
Deferred Taxes/Income NA 224 216 215 197
Convertible Debt NA NA 0 0 0
Long-Term Debt NA 6,790 6,613 6,050 5,702
Non-Current Capital Leases NA NA 0 0 0
Other Non-Current Liabilities NA 331 318 318
Minority Interest (Liabilities) NA NA 0 0 0
Total Liabilities NA 9,036 9,213 8,299 8,048
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA NA 0 0 0
Common Stock (Par) NA 1,908 1,911 1,913 1,937
Capital Surplus NA NA 0 0 0
Retained Earnings NA -677 -697 -629 -653
Other Equity NA 230 234 208 155
Treasury Stock NA NA 0 0 0
Total Shareholder's Equity NA 1,460 1,447 1,492 1,439
Total Liabilities & Shareholder's Equity NA 10,496 10,659 9,791 9,488
Total Common Equity 0 101,459 1,447 1,492 1,439
Shares Outstanding 373.00 373.00 373.00 373.00 373.00
Book Value Per Share 0.00 272.01 3.88 4.00 3.86