Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 57.0 -0.94%
29 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 77,537 Cr.
  • Current Price 57.0
  • High / Low 73.5 / 38.2
  • Stock P/E 26.4
  • Book Value 7.22
  • Dividend Yield 0.00 %
  • ROCE 35.6 %
  • ROE 38.2 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.9%

Cons

  • Stock is trading at 7.89 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
  • Earnings include an other income of Rs.1,333 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
1,011 760 764 908 1,429 1,912 1,942 2,768 3,577 2,848 3,481 3,796 4,967
987 712 732 882 1,313 1,568 1,701 2,294 2,970 2,265 2,756 3,250 3,999
Operating Profit 24 48 32 26 115 343 241 474 607 583 725 546 969
OPM % 2% 6% 4% 3% 8% 18% 12% 17% 17% 20% 21% 14% 20%
62 66 54 47 51 33 41 72 59 31 -14 7 1,308
Interest 84 76 58 29 63 40 49 60 79 93 99 103 123
Depreciation 62 37 34 20 28 35 41 45 46 39 43 47 60
Profit before tax -59 0 -5 24 74 300 192 440 541 482 569 402 2,094
Tax % 0% 0% 0% 0% 0% 0% 0% 0% -117% 28% -126% 30% -5%
-59 0 -5 24 74 300 192 438 1,174 347 1,287 282 2,195
EPS in Rs -0.05 0.00 -0.00 0.02 0.06 0.22 0.14 0.32 0.87 0.26 0.95 0.21 1.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,270 5,942 9,246 5,977 2,544 376 1,247 4,040 3,590 5,864 10,198 15,092
2,652 5,103 6,736 5,344 2,743 1,270 1,346 3,964 3,529 4,946 8,527 12,270
Operating Profit -382 839 2,510 633 -199 -894 -98 76 61 918 1,670 2,822
OPM % -17% 14% 27% 11% -8% -238% -8% 2% 2% 16% 16% 19%
-4,274 722 -810 -146 -5,830 -559 870 -26 2,733 91 199 1,333
Interest 1,219 776 931 1,223 944 1,141 983 777 442 144 229 418
Depreciation 158 420 414 419 439 682 186 185 190 142 167 190
Profit before tax -6,032 365 356 -1,155 -7,412 -3,276 -398 -913 2,163 723 1,474 3,547
Tax % 0% -3% -0% 0% 0% 0% 0% 0% 0% 0% -43% -16%
-6,032 378 356 -1,156 -7,413 -3,277 -398 -913 2,163 723 2,105 4,111
EPS in Rs -13.14 0.61 0.57 -1.76 -11.26 -4.97 -0.38 -0.80 1.73 0.54 1.55 3.02
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 65%
3 Years: 61%
TTM: 48%
Compounded Profit Growth
10 Years: 38%
5 Years: 35%
3 Years: 114%
TTM: 46%
Stock Price CAGR
10 Years: 15%
5 Years: 61%
3 Years: 69%
1 Year: -20%
Return on Equity
10 Years: %
5 Years: %
3 Years: 39%
Last Year: 38%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 -605 -400 18 -710 -8,087 -11,342 -5,680 -5,736 -1,035 559 2,797 7,083
10,947 6,210 6,075 7,357 6,783 11,962 4,852 4,314 2,342 38 36 269
4,671 5,478 7,128 5,130 8,763 4,039 4,489 5,253 2,286 3,438 6,780 7,988
Total Liabilities 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 6,757 12,344 18,085
588 1,746 1,790 1,470 1,404 893 758 681 526 673 732 1,246
CWIP 20 179 128 292 140 117 100 12 4 8 76 138
Investments 2,752 2,753 3,648 2,878 2,009 1,782 1,781 1,752 1,754 379 1,278 2,337
12,395 7,615 8,660 8,201 4,970 2,932 2,724 3,230 3,763 5,698 10,258 14,364
Total Assets 15,754 12,292 14,226 12,841 8,523 5,723 5,362 5,675 6,048 6,757 12,344 18,085

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-15 1,555 2,801 -796 450 -1,257 -161 -74 -17 -48 916 1,291
-566 2,156 -1,844 32 534 -3,503 518 1,180 408 -107 -612 -1,314
588 -3,685 -898 1,058 -1,414 4,780 -199 -889 -510 179 331 -87
Net Cash Flow 7 27 59 293 -430 20 157 216 -119 24 635 -110
Free Cash Flow -53 1,084 2,445 -1,027 253 -1,354 -198 -126 -14 -256 588 851
CFO/OP 5% 183% 112% -127% -225% 140% 167% -99% -25% -3% 54% 48%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 254 116 91 116 157 413 111 60 56 103 132 139
Inventory Days 132 132 150 138 251 859 420 138 101 221 164 128
Days Payable 592 328 307 216 381 1,108 669 214 141 234 191 163
Cash Conversion Cycle -206 -81 -66 37 26 163 -138 -16 15 89 104 104
Working Capital Days 84 -65 -86 -169 -831 -12,645 -302 -74 -73 62 48 82
ROCE % -2% 10% 26% 8% -5% -186% -17% -7% 3% 23% 36% 36%

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
Annual Manufacturing Capacity
MW
Order Book
MW
Cumulative India Market Share
%
SE Forge Capacity Utilization
%
SE Forge Annual Capacity
MT
R&D Expenditure (Percentage of Turnover)
%

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