Suzlon Energy Ltd
Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. Operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears and nacelles. Apart from manufacturing, it offers a full gamut of wind project planning and execution services, including wind resource assessment, infrastructure and power evacuation, technical planning and execution of wind power projects. It also offers O&M services in India and overseas countries.[1]
- Market Cap ₹ 88,247 Cr.
- Current Price ₹ 65.3
- High / Low ₹ 86.0 / 33.8
- Stock P/E 408
- Book Value ₹ 2.87
- Dividend Yield 0.00 %
- ROCE 7.50 %
- ROE 3.01 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 22.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 13.2%
- Earnings include an other income of Rs.280 Cr.
- Debtor days have increased from 73.8 to 105 days.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -3.16%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of BSE Capital Goods Nifty Midcap 150 Nifty 200 Nifty Alpha 50 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,754 | 3,065 | 2,270 | 5,942 | 9,246 | 5,977 | 2,544 | 376 | 1,247 | 4,040 | 3,590 | 3,860 | 5,228 | |
3,015 | 3,400 | 2,652 | 5,103 | 6,736 | 5,344 | 2,743 | 1,270 | 1,351 | 3,964 | 3,529 | 3,632 | 4,863 | |
Operating Profit | -1,261 | -336 | -382 | 839 | 2,510 | 633 | -199 | -894 | -104 | 76 | 61 | 228 | 366 |
OPM % | -72% | -11% | -17% | 14% | 27% | 11% | -8% | -238% | -8% | 2% | 2% | 6% | 7% |
-281 | 806 | -4,274 | 722 | -810 | -146 | -5,830 | -559 | 875 | -26 | 2,733 | 211 | 280 | |
Interest | 1,086 | 1,221 | 1,219 | 776 | 931 | 1,223 | 944 | 1,141 | 983 | 777 | 442 | 226 | 229 |
Depreciation | 215 | 174 | 158 | 420 | 414 | 419 | 439 | 682 | 186 | 185 | 190 | 120 | 113 |
Profit before tax | -2,843 | -925 | -6,032 | 365 | 356 | -1,155 | -7,412 | -3,276 | -398 | -913 | 2,163 | 93 | 304 |
Tax % | 5% | -0% | 0% | -3% | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
-2,990 | -924 | -6,032 | 378 | 356 | -1,156 | -7,413 | -3,277 | -398 | -913 | 2,163 | 93 | 304 | |
EPS in Rs | -13.59 | -3.00 | -13.14 | 0.61 | 0.57 | -1.76 | -11.26 | -4.97 | -0.38 | -0.80 | 1.73 | 0.07 | 0.23 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 9% |
3 Years: | 46% |
TTM: | 52% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 16% |
3 Years: | 27% |
TTM: | 214% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 98% |
3 Years: | 118% |
1 Year: | 75% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 355 | 498 | 742 | 1,004 | 1,005 | 1,064 | 1,064 | 1,064 | 1,702 | 1,843 | 2,454 | 2,722 | 2,731 |
Reserves | 2,503 | 2,328 | -605 | -400 | 18 | -710 | -8,087 | -11,342 | -5,912 | -5,967 | -1,035 | 885 | 1,153 |
8,980 | 10,058 | 10,947 | 6,210 | 6,075 | 7,357 | 6,783 | 11,962 | 4,852 | 4,314 | 2,342 | 667 | 713 | |
5,833 | 5,727 | 4,671 | 5,478 | 7,128 | 5,130 | 8,763 | 4,039 | 4,721 | 5,485 | 2,286 | 2,891 | 4,207 | |
Total Liabilities | 17,672 | 18,611 | 15,754 | 12,292 | 14,226 | 12,841 | 8,523 | 5,723 | 5,362 | 5,675 | 6,048 | 7,165 | 8,804 |
948 | 719 | 588 | 1,746 | 1,790 | 1,470 | 1,404 | 893 | 758 | 681 | 526 | 589 | 645 | |
CWIP | 38 | 16 | 20 | 179 | 128 | 292 | 140 | 117 | 100 | 12 | 4 | 7 | 12 |
Investments | 8,553 | 7,730 | 2,752 | 2,753 | 3,648 | 2,878 | 2,009 | 1,782 | 1,781 | 1,752 | 1,754 | 1,756 | 2,176 |
8,132 | 10,146 | 12,395 | 7,615 | 8,660 | 8,201 | 4,970 | 2,932 | 2,724 | 3,230 | 3,763 | 4,813 | 5,971 | |
Total Assets | 17,672 | 18,611 | 15,754 | 12,292 | 14,226 | 12,841 | 8,523 | 5,723 | 5,362 | 5,675 | 6,048 | 7,165 | 8,804 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
283 | -163 | -15 | 1,555 | 2,801 | -796 | 450 | -1,257 | -161 | -74 | -17 | -596 | |
808 | -540 | -566 | 2,156 | -1,844 | 32 | 534 | -3,503 | 518 | 1,180 | 408 | 377 | |
-1,214 | 624 | 588 | -3,685 | -898 | 1,058 | -1,414 | 4,780 | -199 | -889 | -510 | 192 | |
Net Cash Flow | -123 | -79 | 7 | 27 | 59 | 293 | -430 | 20 | 157 | 216 | -119 | -28 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 330 | 184 | 254 | 116 | 91 | 116 | 157 | 413 | 111 | 60 | 56 | 105 |
Inventory Days | 388 | 123 | 132 | 132 | 150 | 138 | 251 | 859 | 420 | 138 | 101 | 154 |
Days Payable | 797 | 565 | 592 | 328 | 307 | 216 | 381 | 1,108 | 669 | 214 | 141 | 252 |
Cash Conversion Cycle | -79 | -258 | -206 | -81 | -66 | 37 | 26 | 163 | -138 | -16 | 15 | 8 |
Working Capital Days | -355 | -72 | 635 | 39 | -8 | 61 | -364 | -4,618 | -154 | -37 | -40 | -5 |
ROCE % | -9% | -2% | -2% | 10% | 26% | 8% | -5% | -186% | -19% | -11% | 3% | 8% |
Documents
Announcements
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Intimation Of Resignation Of Senior Managerial Personnel ('SMP').
8 Nov - Resignation of CEO – New Business, Ishwar Chand Mangal.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Nov - Company to attend multiple investors' conferences in November.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Nov
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Nov
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Nov
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT REC
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Nov 2023Transcript PPT REC
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Jun 2023Transcript PPT REC
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT REC
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Nov 2022Transcript PPT REC
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Nov 2020TranscriptNotesPPT
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Jan 2019TranscriptPPT
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May 2018TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Jan 2016TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
Business Overview:[1][2]
Company is a renewable energy solutions provider and is in the business of manufacturing, project execution and operation and maintenance of wind turbine generators and sale of related components. It has installed 20+ GW of wind energy in 17 countries and 111+ wind farms with a capacity of 13,880 MW. Company client portfolio includes power utilities and electricity producers in both the private and public sectors.