Operationally, ReNew's portfolio stood at roughly 20.5 GW as of June 30, 2026, including 1.7 GW/6.2 GWh of battery storage. Commissioned capacity grew 17% year-over-year to about 13.1 GW (including 100 MW/250 MWh BESS), and a further 466 MW of solar was commissioned after quarter-end, lifting the total to approximately 13.5 GW net of 100 MW sold under a capital recycling strategy. The company is also expanding solar cell manufacturing capacity by 4 GW, targeting operational status by December 2026, and maintains guidance to complete 1.6–2.4 GW of construction in FY27.
On the balance sheet, the stock carried a debt-to-equity ratio of 3.66, a current ratio of 0.43, and a quick ratio of 0.38 as of the reporting date. RNW opened at $6.82 on August 18, with a market capitalization around $2.47 billion, a P/E of 22.0, and a beta of 1.12. Institutional ownership was reported at 43.56%. Analyst moves included Zacks downgrading to "hold" and Weiss upgrading to "hold (c-)".
Sustainability metrics from the FY2025–26 integrated report show Scope 1 and 2 emissions fell 25.6% from a 2021 baseline, surpassing the 23.5% target, while clean electricity generation reached 24.7 billion units, avoiding roughly 20.8 million tonnes of CO₂ equivalent.
The split between a revenue beat and conflicting earnings signals leaves the near-term narrative open. Investors will watch whether the manufacturing ramp and capacity additions translate into consistent bottom-line performance under a single reporting framework.