Suzlon Energy Ltd
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]
- Market Cap ₹ 89,613 Cr.
- Current Price ₹ 66.2
- High / Low ₹ 86.0 / 33.8
- Stock P/E 90.8
- Book Value ₹ 3.32
- Dividend Yield 0.00 %
- ROCE 24.9 %
- ROE 28.8 %
- 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 19.7% CAGR over last 5 years
Cons
- Stock is trading at 19.9 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 83.4 to 102 days.
- Promoter holding has decreased over last 3 years: -3.16%
* 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.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of Nifty MidSmallcap 400 BSE Industrials BSE 150 MidCap Index Nifty500 Multicap Infrastructure 50:30:20 BSE 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
18,914 | 20,403 | 19,954 | 9,483 | 12,714 | 8,116 | 5,025 | 2,973 | 3,346 | 6,582 | 5,971 | 6,529 | 7,882 | |
20,415 | 20,465 | 25,703 | 9,767 | 10,235 | 7,140 | 5,048 | 3,829 | 2,809 | 5,682 | 5,137 | 5,492 | 6,612 | |
Operating Profit | -1,501 | -62 | -5,749 | -283 | 2,479 | 977 | -23 | -856 | 537 | 900 | 833 | 1,037 | 1,269 |
OPM % | -8% | -0% | -29% | -3% | 20% | 12% | -0% | -29% | 16% | 14% | 14% | 16% | 16% |
-286 | -495 | -194 | 2,563 | 109 | 555 | 92 | -42 | 823 | 95 | 2,739 | -24 | 34 | |
Interest | 1,855 | 2,070 | 2,065 | 1,304 | 1,288 | 1,581 | 1,270 | 1,367 | 996 | 735 | 421 | 164 | 159 |
Depreciation | 740 | 777 | 809 | 392 | 389 | 342 | 342 | 419 | 258 | 260 | 260 | 190 | 184 |
Profit before tax | -4,383 | -3,404 | -8,816 | 584 | 912 | -391 | -1,543 | -2,684 | 105 | 0 | 2,892 | 659 | 960 |
Tax % | 8% | 4% | 4% | -4% | 1% | -0% | -1% | 0% | 4% | 41,648% | 0% | -0% | |
-4,732 | -3,548 | -9,133 | 583 | 852 | -384 | -1,537 | -2,692 | 104 | -177 | 2,887 | 660 | 960 | |
EPS in Rs | -21.47 | -11.43 | -19.95 | 0.94 | 1.38 | -0.57 | -2.32 | -4.01 | 0.10 | -0.17 | 2.28 | 0.49 | 0.71 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -11% |
5 Years: | 5% |
3 Years: | 25% |
TTM: | 33% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 20% |
3 Years: | 45% |
TTM: | 166% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 105% |
3 Years: | 117% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 355 | 498 | 742 | 1,004 | 1,005 | 1,064 | 1,064 | 1,064 | 1,702 | 1,843 | 2,454 | 2,722 | 2,731 |
Reserves | 547 | -879 | -8,064 | -8,537 | -7,846 | -8,031 | -9,562 | -12,047 | -5,045 | -5,369 | -1,355 | 1,199 | 1,764 |
15,191 | 17,059 | 17,811 | 11,414 | 11,114 | 11,996 | 11,552 | 13,210 | 6,925 | 6,465 | 1,938 | 150 | 277 | |
13,113 | 13,583 | 11,243 | 5,842 | 7,887 | 6,092 | 5,816 | 4,303 | 3,019 | 3,535 | 2,486 | 3,108 | 4,877 | |
Total Liabilities | 29,206 | 30,261 | 21,731 | 9,723 | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,475 | 5,523 | 7,179 | 9,649 |
12,076 | 13,515 | 5,843 | 1,573 | 1,665 | 1,463 | 1,520 | 1,358 | 1,166 | 1,059 | 866 | 886 | 1,764 | |
CWIP | 306 | 433 | 356 | 233 | 206 | 353 | 229 | 122 | 107 | 20 | 6 | 20 | 29 |
Investments | 36 | 707 | 266 | 393 | 670 | 67 | 20 | 20 | 23 | 0 | 0 | 8 | 0 |
16,788 | 15,606 | 15,266 | 7,524 | 9,619 | 9,237 | 7,102 | 5,030 | 5,305 | 5,396 | 4,651 | 6,264 | 7,855 | |
Total Assets | 29,206 | 30,261 | 21,731 | 9,723 | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,475 | 5,523 | 7,179 | 9,649 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
556 | 568 | 1,119 | -739 | 1,602 | -109 | 1,267 | -929 | 530 | 1,302 | 491 | 80 | |
-328 | -439 | -825 | 4,482 | -643 | -138 | 125 | -32 | -24 | -19 | 85 | -152 | |
-901 | 360 | -199 | -5,656 | -1,249 | 492 | -1,898 | 969 | -327 | -1,045 | -709 | 132 | |
Net Cash Flow | -673 | 489 | 95 | -1,914 | -290 | 245 | -506 | 8 | 180 | 238 | -133 | 60 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 53 | 48 | 50 | 97 | 104 | 134 | 137 | 168 | 130 | 76 | 72 | 102 |
Inventory Days | 141 | 102 | 90 | 164 | 168 | 216 | 355 | 400 | 503 | 186 | 176 | 210 |
Days Payable | 124 | 134 | 122 | 193 | 233 | 180 | 265 | 253 | 366 | 155 | 86 | 165 |
Cash Conversion Cycle | 69 | 16 | 18 | 68 | 39 | 170 | 227 | 315 | 266 | 107 | 162 | 148 |
Working Capital Days | -13 | -36 | -13 | 18 | -96 | 75 | -82 | -378 | 176 | 61 | 90 | 108 |
ROCE % | -12% | -5% | -48% | 11% | 53% | 15% | -8% | -48% | 10% | 21% | 20% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Dec - Suzlon and Jindal Renewables expand partnership with 302.4 MW wind project.
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Rumour verification - Regulation 30(11)
3 Dec - Material price movement in Suzlon Energy's scrip.
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Announcement under Regulation 30 (LODR)-Allotment
22 Nov - Allotment of 6,64,000 equity shares under ESOP 2022.
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Intimation Of Resignation Of Senior Managerial Personnel ('SMP').
8 Nov - Resignation of CEO – New Business, Ishwar Chand Mangal.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Nov - Company to attend multiple investors' conferences in November.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT REC
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May 2024TranscriptNotesPPT REC
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May 2023TranscriptNotesPPT
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Nov 2022Transcript PPT REC
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Nov 2020TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
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.