Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 58.0 -2.73%
07 Nov 9:47 a.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 78,877 Cr.
  • Current Price 58.0
  • High / Low 74.3 / 46.0
  • Stock P/E 26.1
  • Book Value 5.37
  • Dividend Yield 0.00 %
  • ROCE 36.2 %
  • ROE 45.6 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.0% CAGR over last 5 years

Cons

  • Stock is trading at 11.1 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
  • Debtor days have increased from 96.9 to 132 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

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
866 911 1,011 760 764 908 1,429 1,912 1,942 2,292 3,577 2,848 3,481
815 914 987 712 732 882 1,313 1,568 1,701 2,014 2,970 2,265 2,756
Operating Profit 51 -3 24 48 32 26 115 343 241 278 607 583 725
OPM % 6% -0% 2% 6% 4% 3% 8% 18% 12% 12% 17% 20% 21%
104 47 62 66 54 47 51 33 41 40 59 31 -14
Interest 105 92 84 76 58 29 63 40 49 80 79 93 99
Depreciation 46 40 62 37 34 20 28 35 41 38 46 39 43
Profit before tax 4 -88 -59 0 -5 24 74 300 192 201 541 482 569
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -117% 28% -126%
4 -88 -59 0 -5 24 74 300 192 201 1,174 347 1,287
EPS in Rs 0.00 -0.07 -0.05 0.00 -0.00 0.02 0.06 0.22 0.14 0.15 0.87 0.26 0.95
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 TTM
3,065 2,270 5,942 9,246 5,977 2,544 376 1,247 4,040 3,590 5,864 10,198 12,197
3,400 2,652 5,103 6,736 5,344 2,743 1,270 1,346 3,964 3,529 4,946 8,527 10,004
Operating Profit -336 -382 839 2,510 633 -199 -894 -98 76 61 918 1,670 2,192
OPM % -11% -17% 14% 27% 11% -8% -238% -8% 2% 2% 16% 16% 18%
806 -4,274 722 -810 -146 -5,830 -559 870 -26 2,733 91 199 117
Interest 1,221 1,219 776 931 1,223 944 1,141 983 777 442 144 229 351
Depreciation 174 158 420 414 419 439 682 186 185 190 142 167 166
Profit before tax -925 -6,032 365 356 -1,155 -7,412 -3,276 -398 -913 2,163 723 1,474 1,792
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 2,163 723 2,105 3,009
EPS in Rs -3.00 -13.14 0.61 0.57 -1.76 -11.26 -4.97 -0.38 -0.80 1.73 0.54 1.55 2.23
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: 97%
Compounded Profit Growth
10 Years: 13%
5 Years: 23%
3 Years: 64%
TTM: 436%
Stock Price CAGR
10 Years: 12%
5 Years: 86%
3 Years: 94%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 46%

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 Sep 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 2,744
Reserves 2,328 -605 -400 18 -710 -8,087 -11,342 -5,680 -5,736 -1,035 559 2,797 4,564
10,058 10,947 6,210 6,075 7,357 6,783 11,962 4,852 4,314 2,342 38 36 74
5,727 4,671 5,478 7,128 5,130 8,763 4,039 4,489 5,253 2,286 3,438 6,780 7,380
Total Liabilities 18,611 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 6,757 12,344 14,761
719 588 1,746 1,790 1,470 1,404 893 758 681 526 673 732 770
CWIP 16 20 179 128 292 140 117 100 12 4 8 76 193
Investments 7,730 2,752 2,753 3,648 2,878 2,009 1,782 1,781 1,752 1,754 379 1,278 1,648
10,146 12,395 7,615 8,660 8,201 4,970 2,932 2,724 3,230 3,763 5,698 10,258 12,150
Total Assets 18,611 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 6,757 12,344 14,761

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 -48 916
-540 -566 2,156 -1,844 32 534 -3,503 518 1,180 408 -107 -612
624 588 -3,685 -898 1,058 -1,414 4,780 -199 -889 -510 179 331
Net Cash Flow -79 7 27 59 293 -430 20 157 216 -119 24 635

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 56 103 132
Inventory Days 123 132 132 150 138 251 859 420 138 101 221 164
Days Payable 565 592 328 307 216 381 1,108 669 214 141 234 191
Cash Conversion Cycle -258 -206 -81 -66 37 26 163 -138 -16 15 89 104
Working Capital Days -336 84 -65 -86 -169 -831 -12,645 -302 -74 -73 62 48
ROCE % -2% -2% 10% 26% 8% -5% -186% -17% -7% 3% 23% 36%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
14.50% 14.50% 14.50% 13.28% 13.28% 13.28% 13.26% 13.25% 13.25% 13.25% 11.75% 11.73%
7.65% 7.64% 7.79% 10.88% 17.83% 19.57% 21.53% 23.72% 22.87% 23.04% 23.02% 22.70%
5.82% 5.55% 5.90% 9.81% 6.16% 6.30% 9.16% 9.02% 9.31% 8.73% 10.17% 10.14%
0.00% 0.00% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
72.02% 72.30% 71.78% 65.99% 62.74% 60.85% 56.03% 54.02% 54.56% 54.98% 55.07% 55.40%
No. of Shareholders 24,31,13624,42,67224,90,96128,68,15235,12,04043,55,16941,96,13349,94,34554,68,87156,74,61956,04,61056,36,240

* 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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