ReNew Energy Global PLC (RNW) intrinsic value & 10-year financials

ReNew Energy Global PLC (RNW) has a Graham intrinsic value of INR 359.06 per share. Over the last 8 fiscal years revenue grew 12.5% a year to INR 97.1B, with an average return on invested capital of -0.6%.

Graham intrinsic value
INR 359.06
Revenue (FY2025)
INR 97.1B
Revenue growth (8-yr CAGR)
12.5%
ROIC (10-yr avg)
-0.6%
Free cash flow (FY2025)
—

RNW 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 INR 97.1B INR 4.6B INR 10.81 — 10.4% 1.0%
FY2024 INR 81.3B INR 4.1B INR 9.92 — 10.2% 2.7%
FY2023 INR 89.3B -INR 5.0B -INR 12.32 — -2.9% -1.5%
FY2022 INR 69.2B -INR 16.1B -INR 13.61 — -17.7% -4.3%
FY2021 INR 54.5B -INR 8.0B -INR 5.39 — -9.3% -1.3%
FY2020 INR 53.3B -INR 2.8B -INR 1.96 — -1.1% -0.1%
FY2019 INR 47.9B INR 3.1B INR 2.29 — 10.4% —
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in INR.

Executive summary

ReNew Energy Global plc revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

ReNew Energy Global plc has historically struggled to out-earn its cost of capital, averaging just -0.6% ROIC.

ReNew Energy Global plc capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ReNew Energy Global plc is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $359.06 per share.

RNW stock: frequently asked questions

What is the intrinsic value of ReNew Energy Global PLC (RNW) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, RNW's intrinsic value is about INR 359.06 per share.

What is RNW's return on invested capital?

Average ROIC over the last 8 fiscal years was -0.6%, and average return on equity was -3.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RNW data come from?

From ReNew Energy Global PLC's annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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