Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 39.4 -4.37%
19 Apr - close price
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 53,098 Cr.
  • Current Price 39.4
  • High / Low 50.7 / 7.90
  • Stock P/E 107
  • Book Value 2.53
  • Dividend Yield 0.00 %
  • ROCE 20.8 %
  • ROE %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 92.6 to 71.6 days.

Cons

  • Stock is trading at 15.6 times its book value
  • Promoter holding is low: 13.3%
  • Earnings include an other income of Rs.258 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

Consolidated Figures in Rs. Crores / View Standalone

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
955 1,136 1,142 1,356 1,610 2,474 1,381 1,438 1,458 1,694 1,351 1,421 1,560
819 940 988 1,123 1,324 2,258 1,166 1,268 1,243 1,461 1,152 1,196 1,313
Operating Profit 136 196 154 233 286 217 214 170 215 233 199 225 248
OPM % 14% 17% 13% 17% 18% 9% 16% 12% 15% 14% 15% 16% 16%
5 4 90 6 5 4 2,472 5 6 257 19 -28 9
Interest 195 197 181 190 186 176 151 97 86 86 62 44 14
Depreciation 57 62 58 61 63 77 59 63 58 81 55 51 39
Profit before tax -111 -59 5 -13 42 -33 2,476 15 78 323 101 102 203
Tax % -0% -2% 30% -4% 11% -485% 2% -283% -1% 1% 0% 0% 0%
-118 -54 4 -12 38 -206 2,433 56 78 320 101 102 203
EPS in Rs -0.11 -0.05 -0.02 -0.01 0.03 -0.18 2.01 0.05 0.06 0.22 0.08 0.08 0.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
21,359 18,914 20,403 19,954 9,483 12,714 8,116 5,025 2,973 3,346 6,582 5,971 6,027
19,526 20,415 20,465 25,703 9,767 10,235 7,140 5,048 3,829 2,809 5,682 5,137 5,123
Operating Profit 1,833 -1,501 -62 -5,749 -283 2,479 977 -23 -856 537 900 833 904
OPM % 9% -8% -0% -29% -3% 20% 12% -0% -29% 16% 14% 14% 15%
341 -286 -495 -194 2,563 109 555 92 -42 823 95 2,739 258
Interest 1,655 1,855 2,070 2,065 1,304 1,288 1,581 1,270 1,367 996 735 421 206
Depreciation 661 740 777 809 392 389 342 342 419 258 260 260 226
Profit before tax -142 -4,383 -3,404 -8,816 584 912 -391 -1,543 -2,684 105 0 2,892 730
Tax % -233% -8% -4% -4% -4% 1% 0% 1% -0% 4% 41,648% 0%
-506 -4,732 -3,548 -9,133 583 852 -384 -1,537 -2,692 104 -177 2,887 726
EPS in Rs -2.17 -21.47 -11.43 -19.95 0.94 1.38 -0.57 -2.32 -4.01 0.10 -0.17 2.28 0.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -11%
5 Years: -6%
3 Years: 26%
TTM: -11%
Compounded Profit Growth
10 Years: 7%
5 Years: 17%
3 Years: 27%
TTM: 893%
Stock Price CAGR
10 Years: 11%
5 Years: 43%
3 Years: 111%
1 Year: 395%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 4,825 547 -879 -8,064 -8,537 -7,846 -8,031 -9,562 -12,047 -5,276 -5,601 -1,355 690
Preference Capital 6 0 6 0 0 0 0 0 0 1,963 2,224 0
14,034 15,191 17,053 17,811 11,414 11,114 11,996 11,552 13,210 4,962 4,242 1,938 146
13,394 13,113 13,589 11,243 5,842 7,887 6,092 5,816 4,303 5,214 5,991 2,486 2,377
Total Liabilities 32,608 29,206 30,261 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,523 5,931
12,233 12,076 13,515 5,843 1,573 1,665 1,463 1,520 1,358 1,166 1,059 866 801
CWIP 369 306 433 356 233 206 353 229 122 107 20 6 38
Investments 97 36 707 266 393 670 67 20 20 23 0 0 0
19,909 16,788 15,606 15,266 7,524 9,619 9,237 7,102 5,030 5,305 5,396 4,651 5,092
Total Assets 32,608 29,206 30,261 21,731 9,723 12,160 11,121 8,871 6,530 6,601 6,475 5,523 5,931

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
839 556 568 1,119 -739 1,602 -109 1,267 -929 530 1,302 467
-643 -328 -439 -825 4,482 -643 -138 125 -32 -24 -19 85
-249 -901 360 -199 -5,656 -1,249 492 -1,898 969 -327 -1,045 -684
Net Cash Flow -53 -673 489 95 -1,914 -290 245 -506 8 180 238 -133

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 91 53 48 50 97 104 134 137 168 130 76 72
Inventory Days 145 141 102 90 164 168 216 355 400 503 186 176
Days Payable 151 124 134 122 193 233 180 265 253 366 155 86
Cash Conversion Cycle 85 69 16 18 68 39 170 227 315 266 107 162
Working Capital Days 4 -13 -36 -13 18 -96 75 -82 -378 176 61 90
ROCE % 7% -12% -5% -48% 11% 53% 15% -8% -48% 11% 22% 21%

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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