Suzlon Energy Ltd

₹ 9.45 4.42%
02 Dec - close price
About

Suzlon Energy is primarily engaged in the business of manufacturing of wind turbine generators (WTGs) and related components of various capacities.(Source : 202003-01 Annual Report Page No:102)

Key Points

Market Leader of Wind Energy in India[1]
Suzlon energy being a pioneer & market leader of wind energy is focused on manufacturing & OMS (Operations and Maintenance Services) of Wind Turbine Generators. Having more than 2 decades of experience, the company has scripted OMS best practices setting industry benchmarks that ensure operational efficiency across various climatic zone from 50⁰C to -35⁰C.

  • Market Cap 11,187 Cr.
  • Current Price 9.45
  • High / Low 12.0 / 5.42
  • Stock P/E
  • Book Value -0.25
  • Dividend Yield 0.00 %
  • ROCE 22.3 %
  • ROE %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 125 to 76.4 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.42%
  • The company has delivered a poor sales growth of -12.3% over past five years.
  • Promoter holding is low: 14.5%
  • Promoters have pledged 80.8% of their holding.
  • Earnings include an other income of Rs.2,486 Cr.
  • Company's cost of borrowing seems high
  • Working capital days have increased from -45.8 days to 64.6 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
809 666 655 523 732 955 1,136 1,142 1,356 1,610 2,474 1,381 1,438
1,175 834 1,022 432 620 819 940 988 1,123 1,324 2,258 1,166 1,268
Operating Profit -366 -169 -367 91 112 136 196 154 233 286 217 214 170
OPM % -45% -25% -56% 17% 15% 14% 17% 13% 17% 18% 9% 16% 12%
-36 4 -7 -10 827 5 4 90 6 5 4 2,472 5
Interest 300 423 341 408 197 195 197 181 190 186 176 151 97
Depreciation 76 155 114 71 69 57 62 58 61 63 77 59 63
Profit before tax -778 -742 -829 -397 672 -111 -59 5 -13 42 -33 2,476 15
Tax % 0% -0% -1% -0% 0% -0% -2% 30% -4% 11% -485% 2% -283%
Net Profit -778 -743 -834 -399 675 -118 -54 4 -12 38 -206 2,433 56
EPS in Rs -1.13 -1.12 -1.25 -0.42 0.66 -0.11 -0.05 -0.02 -0.01 0.03 -0.18 2.01 0.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
18,090 21,359 18,914 20,403 19,954 9,483 12,714 8,116 5,025 2,973 3,346 6,582 6,903
17,036 19,526 20,415 20,465 25,703 9,767 10,235 7,140 5,048 3,829 2,809 5,682 6,016
Operating Profit 1,054 1,833 -1,501 -62 -5,749 -283 2,479 977 -23 -856 537 900 887
OPM % 6% 9% -8% -0% -29% -3% 20% 12% -0% -29% 16% 14% 13%
-153 341 -286 -495 -194 2,563 109 555 92 -42 823 95 2,486
Interest 1,375 1,655 1,855 2,070 2,065 1,304 1,288 1,581 1,270 1,367 996 735 611
Depreciation 657 661 740 777 809 392 389 342 342 419 258 260 262
Profit before tax -1,132 -142 -4,383 -3,404 -8,816 584 912 -391 -1,543 -2,684 105 0 2,500
Tax % -16% -233% -8% -4% -4% -4% 1% 0% 1% -0% 4% 41,648%
Net Profit -1,345 -506 -4,732 -3,548 -9,133 583 852 -384 -1,537 -2,692 104 -177 2,321
EPS in Rs -6.02 -2.17 -21.47 -11.43 -19.95 0.94 1.38 -0.57 -2.32 -4.01 0.10 -0.17 1.91
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -11%
5 Years: -12%
3 Years: 9%
TTM: 50%
Compounded Profit Growth
10 Years: 6%
5 Years: %
3 Years: 25%
TTM: 60%
Stock Price CAGR
10 Years: -6%
5 Years: -5%
3 Years: 67%
1 Year: 47%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
358 361 355 504 742 1,004 1,005 1,064 1,064 1,064 3,665 4,067 2,015
Reserves 6,170 4,825 -35 -1,041 -9,864 -8,537 -7,846 -8,031 -9,562 -12,075 -5,381 -5,615 -2,328
12,241 14,034 15,191 17,053 17,811 11,414 11,114 11,996 11,552 13,210 4,962 4,242 3,201
10,293 13,394 13,695 13,751 13,043 5,842 7,887 6,092 5,816 4,332 5,318 6,005 3,006
Total Liabilities 29,059 32,608 29,206 30,261 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,893
10,919 12,233 12,076 13,515 5,843 1,573 1,665 1,463 1,520 1,358 1,166 1,059 972
CWIP 413 369 306 433 356 233 206 353 229 122 107 20 32
Investments 967 97 36 707 266 393 670 67 20 20 23 0 0
16,761 19,909 16,788 15,606 15,266 7,524 9,619 9,237 7,102 5,030 5,305 5,396 4,889
Total Assets 29,059 32,608 29,206 30,261 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,893

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,214 839 556 568 1,119 -739 1,602 -109 1,267 -929 530 1,302
-803 -643 -328 -439 -825 4,482 -643 -138 125 -32 -24 -19
-464 -249 -901 360 -199 -5,656 -1,249 492 -1,898 969 -327 -1,045
Net Cash Flow -53 -53 -673 489 95 -1,914 -290 245 -506 8 180 238

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 68 91 53 48 50 97 104 134 137 168 130 76
Inventory Days 157 145 141 102 90 164 168 216 355 400 503 186
Days Payable 133 151 124 134 122 193 233 180 265 253 366 155
Cash Conversion Cycle 92 85 69 16 18 68 39 170 227 315 266 107
Working Capital Days 26 4 -13 -36 -13 18 -96 75 -82 -378 176 65
ROCE % 3% 7% -12% -5% -52% 12% 53% 15% -8% -47% 11% 22%

Shareholding Pattern

Numbers in percentages

26 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Oct 2022
19.79 18.94 17.76 17.46 17.17 16.52 16.41 16.04 15.85 14.92 14.50 14.50
3.63 2.93 2.83 3.10 4.22 4.08 4.10 4.85 5.52 6.29 7.84 6.94
5.06 16.41 14.35 17.23 16.54 17.72 17.06 14.62 13.57 15.50 8.24 5.81
71.52 61.73 65.06 62.21 62.07 61.69 62.43 64.49 65.06 63.29 69.40 72.74

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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