Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 65.6 -2.94%
12 Jun 3:13 p.m.
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 88,979 Cr.
  • Current Price 65.6
  • High / Low 86.0 / 46.0
  • Stock P/E 44.5
  • Book Value 4.08
  • Dividend Yield 0.00 %
  • ROCE 32.5 %
  • ROE 43.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.9% CAGR over last 5 years

Cons

  • Stock is trading at 16.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 13.2%
  • Tax rate seems low
  • Debtor days have increased from 97.6 to 132 days.
  • Working capital days have increased from 5.91 days to 62.8 days

* 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,666 803 866 911 1,011 760 764 908 1,429 1,480 1,412 2,292 3,577
1,663 815 815 914 987 712 732 882 1,313 1,318 1,350 2,014 2,970
Operating Profit 3 -12 51 -3 24 48 32 26 115 162 62 278 607
OPM % 0% -2% 6% -0% 2% 6% 4% 3% 8% 11% 4% 12% 17%
-68 2,521 104 47 62 66 54 47 51 54 128 40 59
Interest 194 160 105 92 84 76 58 29 63 65 71 80 79
Depreciation 48 42 46 40 62 37 34 20 28 30 35 38 46
Profit before tax -307 2,306 4 -88 -59 0 -5 24 74 121 84 201 541
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -117%
-307 2,306 4 -88 -59 0 -5 24 74 121 84 201 1,174
EPS in Rs -0.27 1.90 0.00 -0.07 -0.05 0.00 -0.00 0.02 0.06 0.09 0.06 0.15 0.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,065 2,270 5,942 9,246 5,977 2,544 376 1,247 4,040 3,590 3,860 10,198
3,400 2,652 5,103 6,736 5,344 2,743 1,270 1,346 3,964 3,529 3,632 8,533
Operating Profit -336 -382 839 2,510 633 -199 -894 -98 76 61 228 1,664
OPM % -11% -17% 14% 27% 11% -8% -238% -8% 2% 2% 6% 16%
806 -4,274 722 -810 -146 -5,830 -559 870 -26 2,733 211 205
Interest 1,221 1,219 776 931 1,223 944 1,141 983 777 442 226 229
Depreciation 174 158 420 414 419 439 682 186 185 190 120 167
Profit before tax -925 -6,032 365 356 -1,155 -7,412 -3,276 -398 -913 2,163 93 1,474
Tax % -0% 0% -3% -0% 0% 0% 0% 0% 0% 0% 0% -43%
-924 -6,032 378 356 -1,156 -7,413 -3,277 -398 -913 2,163 93 2,105
EPS in Rs -3.00 -13.14 0.61 0.57 -1.76 -11.26 -4.97 -0.38 -0.80 1.73 0.07 1.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 94%
3 Years: 36%
TTM: 164%
Compounded Profit Growth
10 Years: 13%
5 Years: 23%
3 Years: 64%
TTM: 2545%
Stock Price CAGR
10 Years: 13%
5 Years: 75%
3 Years: 108%
1 Year: 34%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 44%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 498 742 1,004 1,005 1,064 1,064 1,064 1,702 1,843 2,454 2,722 2,732
Reserves 2,328 -605 -400 18 -710 -8,087 -11,342 -5,680 -5,736 -1,035 885 2,797
10,058 10,947 6,210 6,075 7,357 6,783 11,962 4,852 4,314 2,342 667 36
5,727 4,671 5,478 7,128 5,130 8,763 4,039 4,489 5,253 2,286 2,891 5,972
Total Liabilities 18,611 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 7,165 11,536
719 588 1,746 1,790 1,470 1,404 893 758 681 526 589 749
CWIP 16 20 179 128 292 140 117 100 12 4 7 60
Investments 7,730 2,752 2,753 3,648 2,878 2,009 1,782 1,781 1,752 1,754 1,756 1,278
10,146 12,395 7,615 8,660 8,201 4,970 2,932 2,724 3,230 3,763 4,813 9,450
Total Assets 18,611 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 7,165 11,536

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-163 -15 1,555 2,801 -796 450 -1,257 -161 -74 -17 -596 916
-540 -566 2,156 -1,844 32 534 -3,503 518 1,180 408 377 -612
624 588 -3,685 -898 1,058 -1,414 4,780 -199 -889 -510 192 331
Net Cash Flow -79 7 27 59 293 -430 20 157 216 -119 -28 635

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 184 254 116 91 116 157 413 111 60 56 105 132
Inventory Days 123 132 132 150 138 251 859 420 138 101 154 155
Days Payable 565 592 328 307 216 381 1,108 669 214 141 252 181
Cash Conversion Cycle -258 -206 -81 -66 37 26 163 -138 -16 15 8 106
Working Capital Days -72 635 39 -8 61 -364 -4,618 -241 -29 -40 -5 63
ROCE % -2% -2% 10% 26% 8% -5% -186% -17% -7% 3% 8% 33%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
14.92% 14.50% 14.50% 14.50% 14.50% 13.28% 13.28% 13.28% 13.26% 13.25% 13.25% 13.25%
6.29% 7.84% 7.65% 7.64% 7.79% 10.88% 17.83% 19.57% 21.53% 23.72% 22.87% 23.04%
15.50% 8.24% 5.82% 5.55% 5.90% 9.81% 6.16% 6.30% 9.16% 9.02% 9.31% 8.73%
0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
63.29% 69.40% 72.02% 72.30% 71.78% 65.99% 62.74% 60.85% 56.03% 54.02% 54.56% 54.98%
No. of Shareholders 21,15,05722,35,31024,31,13624,42,67224,90,96128,68,15235,12,04043,55,16941,96,13349,94,34554,68,87156,74,619

* 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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