Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 65.3 5.00%
21 Nov - close price
About

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]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
770 1,001 1,666 803 866 911 1,011 760 764 908 1,429 1,480 1,412
782 949 1,663 815 815 914 987 712 732 882 1,313 1,318 1,350
Operating Profit -12 52 3 -12 51 -3 24 48 32 26 115 162 62
OPM % -2% 5% 0% -2% 6% -0% 2% 6% 4% 3% 8% 11% 4%
17 15 -68 2,521 104 47 62 66 54 47 51 54 128
Interest 194 202 194 160 105 92 84 76 58 29 63 65 71
Depreciation 47 48 48 42 46 40 62 37 34 20 28 30 35
Profit before tax -237 -182 -307 2,306 4 -88 -59 0 -5 24 74 121 84
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-237 -182 -307 2,306 4 -88 -59 0 -5 24 74 121 84
EPS in Rs -0.21 -0.16 -0.27 1.90 0.00 -0.07 -0.05 0.00 -0.00 0.02 0.06 0.09 0.06
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
16.04% 15.85% 14.92% 14.50% 14.50% 14.50% 14.50% 13.28% 13.28% 13.28% 13.26% 13.25%
4.85% 5.52% 6.29% 7.84% 7.65% 7.64% 7.79% 10.88% 17.83% 19.57% 21.53% 23.72%
14.62% 13.57% 15.50% 8.24% 5.82% 5.55% 5.90% 9.81% 6.16% 6.30% 9.16% 9.02%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00%
64.49% 65.06% 63.29% 69.40% 72.02% 72.30% 71.78% 65.99% 62.74% 60.85% 56.03% 54.02%
No. of Shareholders 15,46,56420,70,70921,15,05722,35,31024,31,13624,42,67224,90,96128,68,15235,12,04043,55,16941,96,13349,94,345

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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