Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 42.2 0.84%
25 Apr 4:05 p.m.
About

Incorporated in 1995, Suzlon Energy Ltd manufactures wind turbine generators and related components[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 56,876 Cr.
  • Current Price 42.2
  • High / Low 50.7 / 7.90
  • Stock P/E
  • Book Value 2.59
  • Dividend Yield 0.00 %
  • ROCE 3.20 %
  • ROE %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 75.6 to 55.5 days.

Cons

  • Stock is trading at 16.0 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 13.3%
  • Earnings include an other income of Rs.230 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -3.88%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
444 536 603 770 1,001 1,666 803 866 911 1,011 760 764 908
452 522 576 782 949 1,663 815 815 914 987 712 732 882
Operating Profit -8 13 27 -12 52 3 -12 51 -3 24 48 32 26
OPM % -2% 2% 4% -2% 5% 0% -2% 6% -0% 2% 6% 4% 3%
15 10 16 17 15 -68 2,521 104 47 62 66 54 47
Interest 198 203 187 194 202 194 160 105 92 84 76 58 29
Depreciation 39 42 43 47 48 48 42 46 40 62 37 34 20
Profit before tax -229 -222 -186 -237 -182 -307 2,306 4 -88 -59 0 -5 24
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-229 -222 -186 -237 -182 -307 2,306 4 -88 -59 0 -5 24
EPS in Rs -0.22 -0.21 -0.17 -0.21 -0.16 -0.27 1.90 0.00 -0.07 -0.05 0.00 -0.00 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6,854 1,754 3,065 2,270 5,942 9,246 5,977 2,544 376 1,247 4,040 3,590 3,443
6,297 3,015 3,400 2,652 5,103 6,736 5,344 2,743 1,270 1,351 3,964 3,529 3,313
Operating Profit 557 -1,261 -336 -382 839 2,510 633 -199 -894 -104 76 61 130
OPM % 8% -72% -11% -17% 14% 27% 11% -8% -238% -8% 2% 2% 4%
11 -281 806 -4,274 722 -810 -146 -5,830 -559 875 -26 2,733 230
Interest 884 1,086 1,221 1,219 776 931 1,223 944 1,141 983 777 442 247
Depreciation 183 215 174 158 420 414 419 439 682 186 185 190 153
Profit before tax -499 -2,843 -925 -6,032 365 356 -1,155 -7,412 -3,276 -398 -913 2,163 -40
Tax % -1% -5% 0% 0% -3% -0% -0% -0% -0% 0% 0% 0%
-505 -2,990 -924 -6,032 378 356 -1,156 -7,413 -3,277 -398 -913 2,163 -40
EPS in Rs -2.30 -13.59 -3.00 -13.14 0.61 0.57 -1.76 -11.26 -4.97 -0.38 -0.80 1.73 -0.03
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: -10%
3 Years: 112%
TTM: -19%
Compounded Profit Growth
10 Years: 6%
5 Years: 7%
3 Years: 23%
TTM: 85%
Stock Price CAGR
10 Years: 12%
5 Years: 45%
3 Years: 113%
1 Year: 410%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 355 355 498 742 1,004 1,005 1,064 1,064 1,064 1,702 1,843 2,454 2,719
Reserves 5,269 2,503 2,328 -605 -400 18 -710 -8,087 -11,342 -5,912 -5,967 -1,035 766
8,712 8,980 10,058 10,947 6,210 6,075 7,357 6,783 11,962 4,852 4,314 2,342 607
6,414 5,833 5,727 4,671 5,478 7,128 5,130 8,763 4,039 4,721 5,485 2,286 2,121
Total Liabilities 20,749 17,672 18,611 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 6,213
967 948 719 588 1,746 1,790 1,470 1,404 893 758 681 526 484
CWIP 13 38 16 20 179 128 292 140 117 100 12 4 25
Investments 8,816 8,553 7,730 2,752 2,753 3,648 2,878 2,009 1,782 1,781 1,752 1,754 1,773
10,953 8,132 10,146 12,395 7,615 8,660 8,201 4,970 2,932 2,724 3,230 3,763 3,931
Total Assets 20,749 17,672 18,611 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 6,213

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
544 283 -163 -15 1,555 2,801 -796 450 -1,257 -161 -74 -31
-1,151 808 -540 -566 2,156 -1,844 32 534 -3,503 518 1,180 408
740 -1,214 624 588 -3,685 -898 1,058 -1,414 4,780 -199 -889 -496
Net Cash Flow 133 -123 -79 7 27 59 293 -430 20 157 216 -119

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 182 330 184 254 116 91 116 157 413 111 60 56
Inventory Days 120 388 123 132 132 150 138 251 859 420 138 101
Days Payable 339 797 565 592 328 307 216 381 1,108 669 214 141
Cash Conversion Cycle -37 -79 -258 -206 -81 -66 37 26 163 -138 -16 15
Working Capital Days -34 -355 -72 635 39 -8 61 -364 -4,618 -154 -37 -40
ROCE % 5% -9% -2% -2% 10% 26% 8% -5% -186% -19% -11% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
16.52% 16.41% 16.04% 15.85% 14.92% 14.50% 14.50% 14.50% 14.50% 13.28% 13.28% 13.28%
4.08% 4.10% 4.85% 5.52% 6.29% 7.84% 7.65% 7.64% 7.79% 10.88% 17.83% 19.57%
17.72% 17.06% 14.62% 13.57% 15.50% 8.24% 5.82% 5.55% 5.90% 9.81% 6.16% 6.30%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.00% 0.00%
61.69% 62.43% 64.49% 65.06% 63.29% 69.40% 72.02% 72.30% 71.78% 65.99% 62.74% 60.85%
No. of Shareholders 12,20,46413,15,91215,46,56420,70,70921,15,05722,35,31024,31,13624,42,67224,90,96128,68,15235,12,04043,55,169

* 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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