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 ₹ 82,546 Cr.
- Current Price ₹ 61.0
- High / Low ₹ 86.0 / 43.4
- Stock P/E 210
- 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 21.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 13.2%
- Earnings include an other income of Rs.273 Cr.
- Debtor days have increased from 73.8 to 105 days.
- Company's cost of borrowing seems high
* 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 500 BSE Capital Goods BSE 100 BSE 200 Nifty 500
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 | 6,613 | |
3,015 | 3,400 | 2,652 | 5,103 | 6,736 | 5,344 | 2,743 | 1,270 | 1,346 | 3,964 | 3,529 | 3,632 | 5,994 | |
Operating Profit | -1,261 | -336 | -382 | 839 | 2,510 | 633 | -199 | -894 | -98 | 76 | 61 | 228 | 618 |
OPM % | -72% | -11% | -17% | 14% | 27% | 11% | -8% | -238% | -8% | 2% | 2% | 6% | 9% |
-281 | 806 | -4,274 | 722 | -810 | -146 | -5,830 | -559 | 870 | -26 | 2,733 | 211 | 273 | |
Interest | 1,086 | 1,221 | 1,219 | 776 | 931 | 1,223 | 944 | 1,141 | 983 | 777 | 442 | 226 | 280 |
Depreciation | 215 | 174 | 158 | 420 | 414 | 419 | 439 | 682 | 186 | 185 | 190 | 120 | 131 |
Profit before tax | -2,843 | -925 | -6,032 | 365 | 356 | -1,155 | -7,412 | -3,276 | -398 | -913 | 2,163 | 93 | 480 |
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 | 480 | |
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 | 0.36 |
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: | 92% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 16% |
3 Years: | 27% |
TTM: | 610% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 89% |
3 Years: | 94% |
1 Year: | 33% |
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 | -5,680 | -5,736 | -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 | 4,489 | 5,253 | 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 | -241 | -29 | -40 | -5 |
ROCE % | -9% | -2% | -2% | 10% | 26% | 8% | -5% | -186% | -17% | -7% | 3% | 8% |
Documents
Announcements
-
Board Meeting Intimation for To, Inter Alia, Consider And Approve The Financial Results Of The Company On Standalone And Consolidated Basis For The Quarter (Unaudited) And Financial Year Ended On 31St March 2025 (Audited).
1h - Board meeting on 29 May 2025 to approve FY25 results; trading window closed till 31 May 2025.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Apr - Suzlon to attend virtual Motilal Oswal investors' meet on 5 May 2025; no unpublished info shared.
-
Rumour verification - Regulation 30(11)
25 Apr - Disclosure of unexplained material price movement in Suzlon Energy shares on 25 April 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Apr - Suzlon awarded 378 MW wind project by NTPC, totaling 1,544 MW partnership with 120 turbines supplied.
-
Rumour verification - Regulation 30(11)
22 Apr - Suzlon reports unexplained material price movement on April 21, 2025, per SEBI regulations.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Jul 2024Transcript PPT REC
-
Jun 2024Transcript PPT
-
May 2024Transcript PPT
-
May 2024TranscriptNotesPPT REC
-
May 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT
-
Jan 2024TranscriptNotesPPT REC
-
Nov 2023Transcript PPT REC
-
Jul 2023Transcript PPT REC
-
Jun 2023Transcript PPT REC
-
May 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT REC
-
Nov 2022Transcript PPT REC
-
Nov 2020TranscriptNotesPPT
-
Jan 2019TranscriptPPT
-
May 2018TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Oct 2016TranscriptNotesPPT
-
Oct 2016TranscriptNotesPPT
-
Sep 2016TranscriptNotesPPT
-
Jul 2016TranscriptNotesPPT
-
Jun 2016TranscriptNotesPPT
-
May 2016TranscriptNotesPPT
-
Jan 2016TranscriptNotesPPT
-
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.