Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 57.5 5.40%
27 May - 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. [1]

Key Points

Business Overview:[1]
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 21 GW of wind energy in 17 countries. With over 30 years of expertise and a workforce of ~7,800, Suzlon is India’s No. 1 renewable energy company, managing 15.1 GW of domestic wind assets and ~6 GW internationally.

  • Market Cap 78,271 Cr.
  • Current Price 57.5
  • High / Low 74.3 / 38.2
  • Stock P/E 24.7
  • Book Value 6.96
  • Dividend Yield 0.00 %
  • ROCE 35.1 %
  • ROE 40.6 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 45.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.0%

Cons

  • Stock is trading at 8.27 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 11.7%
  • Tax rate seems low

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,694 1,351 1,421 1,560 2,196 2,022 2,103 2,975 3,790 3,132 3,871 4,236 5,493
1,461 1,152 1,196 1,313 1,839 1,652 1,809 2,475 3,096 2,533 3,150 3,498 4,529
Operating Profit 233 199 225 248 357 370 294 500 693 599 721 738 964
OPM % 14% 15% 16% 16% 16% 18% 14% 17% 18% 19% 19% 17% 18%
257 19 -28 9 -16 23 18 28 35 33 27 23 97
Interest 86 62 44 14 44 45 56 70 85 103 110 114 135
Depreciation 81 55 51 39 44 46 54 66 93 70 75 80 93
Profit before tax 323 101 102 203 253 302 202 391 551 459 562 567 833
Tax % 1% 0% 0% 0% -0% 0% 0% 1% -114% 29% -127% 21% -34%
320 101 102 203 254 302 201 388 1,181 324 1,279 445 1,114
EPS in Rs 0.22 0.08 0.08 0.15 0.19 0.22 0.15 0.29 0.87 0.24 0.94 0.33 0.82
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
19,954 9,483 12,714 8,116 5,025 2,973 3,346 6,582 5,971 6,529 10,890 16,732
25,703 9,767 10,235 7,140 5,048 3,829 2,809 5,682 5,137 5,492 9,026 13,709
Operating Profit -5,749 -283 2,479 977 -23 -856 537 900 833 1,037 1,863 3,022
OPM % -29% -3% 20% 12% -0% -29% 16% 14% 14% 16% 17% 18%
-194 2,563 109 555 92 -42 823 95 2,739 -24 97 180
Interest 2,065 1,304 1,288 1,581 1,270 1,367 996 735 421 164 255 462
Depreciation 809 392 389 342 342 419 258 260 260 190 259 318
Profit before tax -8,816 584 912 -391 -1,543 -2,684 105 0 2,892 659 1,447 2,422
Tax % 4% -4% 1% -0% -1% 0% 4% 41,648% 0% -0% -43% -31%
-9,133 583 852 -384 -1,537 -2,692 104 -177 2,887 660 2,072 3,163
EPS in Rs -19.95 0.94 1.38 -0.57 -2.32 -4.01 0.10 -0.17 2.28 0.49 1.53 2.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 38%
3 Years: 41%
TTM: 54%
Compounded Profit Growth
10 Years: 23%
5 Years: 46%
3 Years: 165%
TTM: 52%
Stock Price CAGR
10 Years: 14%
5 Years: 62%
3 Years: 77%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: %
3 Years: 39%
Last Year: 41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 742 1,004 1,005 1,064 1,064 1,064 1,702 1,843 2,454 2,722 2,732 2,745
Reserves -8,064 -8,537 -7,846 -8,031 -9,562 -12,047 -5,045 -5,369 -1,355 1,199 3,374 6,719
17,811 11,414 11,114 11,996 11,552 13,210 6,925 6,465 1,938 150 323 556
11,243 5,842 7,887 6,092 5,816 4,303 3,019 3,535 2,486 3,108 6,531 8,850
Total Liabilities 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,523 7,179 12,960 18,869
5,843 1,573 1,665 1,463 1,520 1,358 1,166 1,059 866 886 1,780 2,309
CWIP 356 233 206 353 229 122 107 20 6 20 105 176
Investments 266 393 670 67 20 20 23 0 0 8 43 217
15,266 7,524 9,619 9,237 7,102 5,030 5,305 5,396 4,651 6,264 11,032 16,166
Total Assets 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,523 7,179 12,960 18,869

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,119 -739 1,602 -109 1,267 -929 530 1,302 491 80 1,092 1,202
-825 4,482 -643 -138 125 -32 -24 -19 85 -152 -749 -914
-199 -5,656 -1,249 492 -1,898 969 -327 -1,045 -709 132 343 -155
Net Cash Flow 95 -1,914 -290 245 -506 8 180 238 -133 60 686 133
Free Cash Flow 429 -1,126 1,211 -764 1,020 -1,029 482 1,226 477 -147 724 626
CFO/OP -23% 270% 67% -17% -5,358% 108% 96% 144% 61% 10% 59% 42%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 50 97 104 134 137 168 130 76 72 102 130 137
Inventory Days 90 164 168 216 355 400 503 186 176 210 171 152
Days Payable 122 193 233 180 265 253 366 155 86 165 156 172
Cash Conversion Cycle 18 68 39 170 227 315 266 107 162 148 145 117
Working Capital Days -96 -56 -155 -100 -328 -1,465 84 16 66 103 73 89
ROCE % -48% 11% 53% 15% -8% -48% 10% 21% 20% 25% 33% 35%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Annual Net Deliveries
MW

Log in to view insights

Please log in to see hidden values.

Login
OMS Fleet Size (India)
GW ・Standalone data
Annual Manufacturing Capacity
MW
Order Book
MW
Cumulative India Market Share
%
SE Forge Capacity Utilization
% ・Standalone data
SE Forge Annual Capacity
MT ・Standalone data
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
14.50% 13.28% 13.28% 13.28% 13.26% 13.25% 13.25% 13.25% 11.75% 11.73% 11.73% 11.73%
7.79% 10.88% 17.83% 19.57% 21.53% 23.72% 22.87% 23.04% 23.02% 22.70% 23.73% 23.85%
5.90% 9.81% 6.16% 6.30% 9.16% 9.02% 9.31% 8.73% 10.17% 10.14% 9.23% 9.18%
0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
71.78% 65.99% 62.74% 60.85% 56.03% 54.02% 54.56% 54.98% 55.07% 55.40% 55.29% 55.23%
No. of Shareholders 24,90,96128,68,15235,12,04043,55,16941,96,13349,94,34554,68,87156,74,61956,04,61056,36,24056,35,38956,95,354

* 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.

Documents

Concalls