Suzlon Energy Ltd

Suzlon Energy Ltd

₹ 10.6 2.90%
30 May - 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 12,853 Cr.
  • Current Price 10.6
  • High / Low 12.2 / 5.42
  • Stock P/E 76.2
  • Book Value 0.88
  • Dividend Yield 0.00 %
  • ROCE 20.6 %
  • ROE %
  • Face Value 2.00

Pros

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

Cons

  • Stock is trading at 12.1 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 14.5%
  • Promoters have pledged 80.8% of their holding.
  • Earnings include an other income of Rs.2,740 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -5.29%

* 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
655 523 732 955 1,136 1,142 1,356 1,610 2,474 1,381 1,438 1,458 1,694
1,022 432 620 819 940 988 1,123 1,324 2,258 1,166 1,268 1,243 1,461
Operating Profit -367 91 112 136 196 154 233 286 217 214 170 215 233
OPM % -56% 17% 15% 14% 17% 13% 17% 18% 9% 16% 12% 15% 14%
-7 -10 827 5 4 90 6 5 4 2,472 5 6 257
Interest 341 408 197 195 197 181 190 186 176 151 97 86 86
Depreciation 114 71 69 57 62 58 61 63 77 59 63 58 81
Profit before tax -829 -397 672 -111 -59 5 -13 42 -33 2,476 15 78 323
Tax % -1% -0% 0% -0% -2% 30% -4% 11% -485% 2% -283% -1% 1%
Net Profit -834 -399 675 -118 -54 4 -12 38 -206 2,433 56 78 320
EPS in Rs -1.25 -0.42 0.66 -0.11 -0.05 -0.02 -0.01 0.03 -0.18 2.01 0.05 0.06 0.22
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
21,359 18,914 20,403 19,954 9,483 12,714 8,116 5,025 2,973 3,346 6,582 5,971
19,526 20,415 20,465 25,703 9,767 10,235 7,140 5,048 3,829 2,809 5,682 5,139
Operating Profit 1,833 -1,501 -62 -5,749 -283 2,479 977 -23 -856 537 900 832
OPM % 9% -8% -0% -29% -3% 20% 12% -0% -29% 16% 14% 14%
341 -286 -495 -194 2,563 109 555 92 -42 823 95 2,740
Interest 1,655 1,855 2,070 2,065 1,304 1,288 1,581 1,270 1,367 996 735 421
Depreciation 661 740 777 809 392 389 342 342 419 258 260 260
Profit before tax -142 -4,383 -3,404 -8,816 584 912 -391 -1,543 -2,684 105 0 2,892
Tax % -233% -8% -4% -4% -4% 1% 0% 1% -0% 4% 41,648% 0%
Net Profit -506 -4,732 -3,548 -9,133 583 852 -384 -1,537 -2,692 104 -177 2,887
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
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: -9%
Compounded Profit Growth
10 Years: 7%
5 Years: 17%
3 Years: 27%
TTM: 359%
Stock Price CAGR
10 Years: 0%
5 Years: 7%
3 Years: 61%
1 Year: 36%
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
361 355 504 742 1,004 1,005 1,064 1,064 1,064 3,665 4,067 2,454
Reserves 4,825 547 -879 -8,064 -8,537 -7,846 -8,031 -9,562 -12,047 -5,276 -5,601 -1,355
14,034 15,191 17,053 17,811 11,414 11,114 11,996 11,552 13,210 4,962 4,242 1,938
13,394 13,113 13,589 11,243 5,842 7,887 6,092 5,816 4,303 5,214 5,991 2,486
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
12,233 12,076 13,515 5,843 1,573 1,665 1,463 1,520 1,358 1,166 1,059 870
CWIP 369 306 433 356 233 206 353 229 122 107 20 3
Investments 97 36 707 266 393 670 67 20 20 23 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
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

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
-643 -328 -439 -825 4,482 -643 -138 125 -32 -24 -19
-249 -901 360 -199 -5,656 -1,249 492 -1,898 969 -327 -1,045
Net Cash Flow -53 -673 489 95 -1,914 -290 245 -506 8 180 238

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 65 90
ROCE % 7% -12% -5% -48% 11% 53% 15% -8% -47% 11% 22% 21%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
18.94 17.76 17.46 17.17 16.52 16.41 16.04 15.85 14.92 14.50 14.50 14.50
2.93 2.83 3.10 4.22 4.08 4.10 4.85 5.52 6.29 7.84 7.65 7.64
16.41 14.35 17.23 16.54 17.72 17.06 14.62 13.57 15.50 8.24 5.82 5.55
61.73 65.06 62.21 62.07 61.69 62.43 64.49 65.06 63.29 69.40 72.02 72.30

* 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.

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