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ReNew Valuation Multiples

Discover revenue and EBITDA valuation multiples for ReNew and similar public comparables like CS Wind, NextDecade, Electricity Generating, Inox Wind and more.

ReNew Overview

About ReNew

ReNew Energy Global PLC is a developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. The company has four reportable segments: wind power and solar power, hydro power and transmission line. It derives maximum revenue from Wind Power segment.


Founded

2021

HQ

India

Employees

4.3K

Website

renew.com

Financials (LTM)

Revenue: $1B
EBITDA: $981M

EV

$9B

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ReNew Financials

ReNew reported last 12-month revenue of $1B and EBITDA of $981M.

In the same LTM period, ReNew generated $981M in EBITDA and $56M in net income.

Revenue (LTM)


ReNew P&L

In the most recent fiscal year, ReNew reported revenue of $1B and EBITDA of $920M.

ReNew expects next 12-month revenue of XXX and NTM EBITDA of XXX

See ReNew forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$1BXXX$1BXXXXXXXXX
Gross Profit—XXX$955MXXXXXXXXX
Gross Margin—XXX75%XXXXXXXXX
EBITDA$981MXXX$920MXXXXXXXXX
EBITDA Margin66%XXX73%XXXXXXXXX
EBIT Margin45%XXX52%XXXXXXXXX
Net Profit$56MXXX$53MXXXXXXXXX
Net Margin4%XXX4%XXXXXXXXX
Net Debt——$7BXXXXXXXXX

Financial data powered by Morningstar, Inc.

ReNew Stock Performance

ReNew has current market cap of $2B, and enterprise value of $9B.

Market Cap Evolution


ReNew's stock price is $4.99.

See ReNew trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$9B$2B0.0%XXXXXXXXX$0.15

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ReNew Valuation Multiples

ReNew trades at 5.9x EV/Revenue multiple, and 9.0x EV/EBITDA.

See valuation multiples for ReNew and 15K+ public comps

EV / Revenue (LTM)


ReNew Financial Valuation Multiples

As of April 19, 2026, ReNew has market cap of $2B and EV of $9B.

Equity research analysts estimate ReNew's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

ReNew has a P/E ratio of 32.2x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$2BXXX$2BXXXXXXXXX
EV (current)$9BXXX$9BXXXXXXXXX
EV/Revenue5.9xXXX7.0xXXXXXXXXX
EV/EBITDA9.0xXXX9.6xXXXXXXXXX
EV/EBIT13.0xXXX13.3xXXXXXXXXX
EV/Gross Profit—XXX9.2xXXXXXXXXX
P/E32.2xXXX34.1xXXXXXXXXX
EV/FCF53.8xXXX(59.6x)XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified ReNew Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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ReNew Margins & Growth Rates

ReNew's revenue in the last 12 month grew by 11%.

ReNew's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

ReNew's rule of 40 is 81% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

ReNew's rule of X is 105% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for ReNew and other 15K+ public comps

ReNew Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth11%XXX17%XXXXXXXXX
EBITDA Margin66%XXX73%XXXXXXXXX
EBITDA Growth8%XXX6%XXXXXXXXX
Rule of 40—XXX81%XXXXXXXXX
Bessemer Rule of X—XXX105%XXXXXXXXX
Revenue per Employee—XXX$0.3MXXXXXXXXX
Opex per Employee—XXX$0.1MXXXXXXXXX
S&M Expenses to Revenue—XXX0%XXXXXXXXX
G&A Expenses to Revenue—XXX7%XXXXXXXXX
Opex to Revenue—XXX31%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

ReNew Public Comps

See public comps and valuation multiples for other Energy Production and Renewable Energy comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
ReNewXXXXXXXXXXXXXXXXXX
CS WindXXXXXXXXXXXXXXXXXX
NextDecadeXXXXXXXXXXXXXXXXXX
Electricity GeneratingXXXXXXXXXXXXXXXXXX
Inox WindXXXXXXXXXXXXXXXXXX
DNOXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

ReNew M&A Activity

ReNew acquired XXX companies to date.

Last acquisition by ReNew was on XXXXXXXX, XXXXX. ReNew acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

See M&A valuation multiples

Latest Acquisitions by ReNew

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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ReNew Investment Activity

ReNew invested in XXX companies to date.

ReNew made its latest investment on XXXXXXXX, XXXXX. ReNew invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

See VC round multiples

Latest Investments by ReNew

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About ReNew

When was ReNew founded?ReNew was founded in 2021.
Where is ReNew headquartered?ReNew is headquartered in India.
How many employees does ReNew have?As of today, ReNew has over 4K employees.
Who is the CEO of ReNew?ReNew's CEO is Sumant Sinha.
Is ReNew publicly listed?Yes, ReNew is a public company listed on Nasdaq.
What is the stock symbol of ReNew?ReNew trades under RNW ticker.
When did ReNew go public?ReNew went public in 2021.
Who are competitors of ReNew?ReNew main competitors are CS Wind, NextDecade, Electricity Generating, Inox Wind.
What is the current market cap of ReNew?ReNew's current market cap is $2B.
What is the current revenue of ReNew?ReNew's last 12 months revenue is $1B.
What is the current revenue growth of ReNew?ReNew revenue growth (NTM/LTM) is 11%.
What is the current EV/Revenue multiple of ReNew?Current revenue multiple of ReNew is 5.9x.
Is ReNew profitable?Yes, ReNew is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of ReNew?ReNew's last 12 months EBITDA is $981M.
What is ReNew's EBITDA margin?ReNew's last 12 months EBITDA margin is 66%.
What is the current EV/EBITDA multiple of ReNew?Current EBITDA multiple of ReNew is 9.0x.
What is the current FCF of ReNew?ReNew's last 12 months FCF is $164M.
What is ReNew's FCF margin?ReNew's last 12 months FCF margin is 11%.
What is the current EV/FCF multiple of ReNew?Current FCF multiple of ReNew is 53.8x.

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