Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 55.1 -2.82%
21 Nov - 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. 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 74,957 Cr.
  • Current Price 55.1
  • High / Low 74.3 / 46.0
  • Stock P/E 23.6
  • Book Value 5.78
  • Dividend Yield 0.00 %
  • ROCE 32.5 %
  • ROE 41.4 %
  • Face Value 2.00

Pros

  • 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 9.53 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 101 to 130 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,438 1,458 1,694 1,351 1,421 1,560 2,196 2,022 2,103 2,975 3,790 3,132 3,871
1,268 1,243 1,461 1,152 1,196 1,313 1,839 1,652 1,809 2,475 3,096 2,533 3,150
Operating Profit 170 215 233 199 225 248 357 370 294 500 693 599 721
OPM % 12% 15% 14% 15% 16% 16% 16% 18% 14% 17% 18% 19% 19%
5 6 257 19 -28 9 -16 23 18 28 35 33 27
Interest 97 86 86 62 44 14 44 45 56 70 85 103 110
Depreciation 63 58 81 55 51 39 44 46 54 66 93 70 75
Profit before tax 15 78 323 101 102 203 253 302 202 391 551 459 562
Tax % -283% -1% 1% 0% 0% 0% -0% 0% 0% 1% -114% 29% -127%
56 78 320 101 102 203 254 302 201 388 1,181 324 1,279
EPS in Rs 0.05 0.06 0.22 0.08 0.08 0.15 0.19 0.22 0.15 0.29 0.87 0.24 0.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
20,403 19,954 9,483 12,714 8,116 5,025 2,973 3,346 6,582 5,971 6,529 10,890 13,767
20,465 25,703 9,767 10,235 7,140 5,048 3,829 2,809 5,682 5,137 5,492 9,026 11,254
Operating Profit -62 -5,749 -283 2,479 977 -23 -856 537 900 833 1,037 1,863 2,513
OPM % -0% -29% -3% 20% 12% -0% -29% 16% 14% 14% 16% 17% 18%
-495 -194 2,563 109 555 92 -42 823 95 2,739 -24 97 123
Interest 2,070 2,065 1,304 1,288 1,581 1,270 1,367 996 735 421 164 255 367
Depreciation 777 809 392 389 342 342 419 258 260 260 190 259 304
Profit before tax -3,404 -8,816 584 912 -391 -1,543 -2,684 105 0 2,892 659 1,447 1,964
Tax % 4% 4% -4% 1% -0% -1% 0% 4% 41,648% 0% -0% -43%
-3,548 -9,133 583 852 -384 -1,537 -2,692 104 -177 2,887 660 2,072 3,172
EPS in Rs -11.43 -19.95 0.94 1.38 -0.57 -2.32 -4.01 0.10 -0.17 2.28 0.49 1.53 2.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: 30%
3 Years: 18%
TTM: 75%
Compounded Profit Growth
10 Years: 8%
5 Years: 23%
3 Years: 195%
TTM: 222%
Stock Price CAGR
10 Years: 10%
5 Years: 77%
3 Years: 91%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 -879 -8,064 -8,537 -7,846 -8,031 -9,562 -12,047 -5,045 -5,369 -1,355 1,199 3,374 5,116
17,059 17,811 11,414 11,114 11,996 11,552 13,210 6,925 6,465 1,938 150 323 397
13,583 11,243 5,842 7,887 6,092 5,816 4,303 3,019 3,535 2,486 3,108 6,531 7,599
Total Liabilities 30,261 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,523 7,179 12,960 15,856
13,515 5,843 1,573 1,665 1,463 1,520 1,358 1,166 1,059 866 886 1,780 1,776
CWIP 433 356 233 206 353 229 122 107 20 6 20 105 286
Investments 707 266 393 670 67 20 20 23 0 0 8 43 202
15,606 15,266 7,524 9,619 9,237 7,102 5,030 5,305 5,396 4,651 6,264 11,032 13,591
Total Assets 30,261 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,523 7,179 12,960 15,856

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
568 1,119 -739 1,602 -109 1,267 -929 530 1,302 491 80 1,092
-439 -825 4,482 -643 -138 125 -32 -24 -19 85 -152 -749
360 -199 -5,656 -1,249 492 -1,898 969 -327 -1,045 -709 132 343
Net Cash Flow 489 95 -1,914 -290 245 -506 8 180 238 -133 60 686

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 48 50 97 104 134 137 168 130 76 72 102 130
Inventory Days 102 90 164 168 216 355 400 503 186 176 210 171
Days Payable 134 122 193 233 180 265 253 366 155 86 165 156
Cash Conversion Cycle 16 18 68 39 170 227 315 266 107 162 148 145
Working Capital Days -99 -96 -56 -155 -100 -328 -1,465 84 16 66 103 73
ROCE % -5% -48% 11% 53% 15% -8% -48% 10% 21% 20% 25% 33%

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.

Documents

Concalls