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ReNew Energy Global (RNW)

(Delayed Data from NSDQ)

$5.51 USD

5.51
357,195

-0.11 (-1.96%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $5.50 -0.01 (-0.18%) 7:58 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 Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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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 C Growth F Momentum B 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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Top 32% (81 out of 252)

Industry: Alternative Energy - Other

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Better trading starts here.

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 -99,999 931 1,043 2 3
Receivables NA 263 591 0 NA
Notes Receivable NA 1 8 0 NA
Inventories NA 15 11 0 NA
Other Current Assets NA 129 130 1 1
Total Current Assets NA 1,337 1,782 3 5
Net Property & Equipment NA 6,550 5,768 0 NA
Investments & Advances NA 94 0 345 345
Other Non-Current Assets NA 110 13 0 NA
Deferred Charges NA 57 14 0 NA
Intangibles NA 470 524 0 NA
Deposits & Other Assets NA 335 254 0 NA
Total Assets NA 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 NA 74 74 0 1
Current Portion Long-Term Debt NA 517 191 0 NA
Current Portion Capital Leases NA 0 0 0 NA
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 3 7 0 NA
Other Current Liabilities NA 806 1,056 0 NA
Total Current Liabilities NA 1,410 1,335 0 1
Mortgages NA 0 0 0 NA
Deferred Taxes/Income NA 188 164 0 NA
Convertible Debt NA 0 0 0 NA
Long-Term Debt NA 5,686 4,926 0 NA
Non-Current Capital Leases NA 0 0 0 NA
Other Non-Current Liabilities NA 291 323 342 343
Minority Interest (Liabilities) NA 0 0 0 NA
Total Liabilities NA 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) NA 1,933 2,093 0 0
Capital Surplus NA 0 0 12 5
Retained Earnings NA -652 -506 -7 0
Other Equity NA 159 78 0 NA
Treasury Stock NA 0 0 0 NA
Total Shareholder's Equity NA 1,441 1,666 5 5
Total Liabilities & Shareholder's Equity NA 9,083 8,453 348 350
Total Common Equity 0 1,441 1,666 5 100,004
Shares Outstanding 373.00 373.00 400.80 43.10 NA
Book Value Per Share 0.00 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.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,344 995 855 931
Receivables NA 181 235 249 263
Notes Receivable NA 2 3 1 1
Inventories NA 21 18 20 15
Other Current Assets NA 137 200 224 129
Total Current Assets NA 1,685 1,450 1,349 1,337
Net Property & Equipment NA 7,754 7,135 6,891 6,550
Investments & Advances NA 89 92 85 94
Other Non-Current Assets NA 105 110 110 110
Deferred Charges NA 69 71 56 57
Intangibles NA 452 458 466 470
Deposits & Other Assets NA 368 344 401 335
Total Assets NA 10,659 9,791 9,488 9,083
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 96 86 87 74
Current Portion Long-Term Debt NA 1,215 1,018 940 517
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 18 16 7 3
Other Current Liabilities NA 640 518 720 806
Total Current Liabilities NA 1,977 1,646 1,763 1,410
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 216 215 197 188
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 6,613 6,050 5,702 5,686
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 318 318 291
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 9,213 8,299 8,048 7,642
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1,911 1,913 1,937 1,933
Capital Surplus NA 0 0 0 0
Retained Earnings NA -697 -629 -653 -652
Other Equity NA 234 208 155 159
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 1,447 1,492 1,439 1,441
Total Liabilities & Shareholder's Equity NA 10,659 9,791 9,488 9,083
Total Common Equity 0 1,447 1,492 1,439 1,441
Shares Outstanding 373.00 373.00 373.00 373.00 373.00
Book Value Per Share 0.00 3.88 4.00 3.86 3.86