Suzlon Energy Ltd
Suzlon Energy Ltd
Industrials F&OKey Fundamentals
MidcapElectrical EquipmentCapital GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Suzlon Energy Ltd insights
59 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 45.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.0%
Weaknesses
4- Stock is trading at 7.04 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
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 7d agoSuzlon Energy Ltd is a wind energy equipment maker with a market cap of ₹65,017 Cr trading at a PE of 20.6x. The company has delivered 45% TTM sales growth and 50% TTM profit growth while being almost debt-free, but its stock has declined 25% over the past year and promoter holding remains low at 11.7%.
- TTM revenue growth of 45% signals strong order execution and demand tailwinds in India's renewable energy sector
- Compounded profit growth of 165% over 3 years reflects a dramatic earnings turnaround from prior loss-making years
- Company is almost debt-free, a major improvement from its historically leveraged balance sheet that weighed on operations for years
- Return on equity of 41% in the last year and 39% over 3 years indicates highly efficient capital deployment
- PE of 20.6x is moderate relative to the high-growth renewable energy peer set, given 50% TTM profit growth
- 5-year compounded sales CAGR of 38% demonstrates sustained revenue momentum beyond a single-quarter spike
- Price-to-book of 6.88x is supported by 41% ROE, implying the company is generating returns well above its cost of equity
- 5-year stock CAGR of 51% reflects long-term wealth creation despite recent correction
- Stock has declined 25% over the past 1 year, indicating potential overvaluation concerns or profit-booking at prior highs
- Promoter holding at just 11.7% is significantly below the typical comfort threshold, raising governance and alignment concerns
- Zero dividend yield despite repeated profitability suggests the company is not returning cash to shareholders
- Tax rate appears low, which may not be sustainable and could compress net margins if normalized
- 10-year compounded sales CAGR of only 6% highlights the cyclical and volatile nature of the wind energy business over longer periods
- 5-year ROE data is unavailable, making it difficult to assess consistency of returns beyond the recent turnaround period
- Market cap of ₹65,017 Cr on what was a near-bankrupt company just a few years ago implies significant growth expectations are already priced in
- Debt-to-equity and EPS data are not available in reported metrics, limiting full balance sheet transparency for analysis
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago- Q1 net profit falls 6% Jul 29
Q1FY27 net profit dropped 5.9% to ₹305.22 crore despite 22.5% revenue growth to ₹3,819.36 crore, due to margin pressure and higher finance costs.
- Supply chain delays Q1 deliveries Jul 29
Supply chain issues delayed 10-20% of Q1 deliveries. EBITDA margins guided at 17-18% with 1-2% variation, indicating ongoing margin compression.
- 15 GW target, 25% CAGR goal Jul 29
Suzlon targets 15 GW wind installations by FY31 and 25% revenue CAGR over five years under Suzlon 2.0 strategy, with CAPEX at ~₹700 crore and DevCo investment capped at ₹500 crore.
- 201.6 MW Waaree order win Jul 25
Secured 201.6 MW wind project from Waaree Forever Energies in Andhra Pradesh using 64 S144 turbines, strengthening regional order book to ~1 GW.
- Repowering policy being drafted Jul 22
India's Clean Energy Minister is developing regulations to replace ageing wind turbines with higher-capacity units, directly benefiting Suzlon as a major turbine manufacturer.
- Strong ESG progress FY26 Aug 15
Suzlon achieved 24.07% drop in Scope 1 emissions, Zero Waste to Landfill status, and water neutrality at group level in FY26.
- ₹21 crore institutional block trade Jul 28
Block trade of ~43.85 lakh shares at ₹47.96/share worth ₹21.03 crore on NSE, reflecting significant institutional interest.
- Multiple investor conferences planned Aug 14
Suzlon participating in nine investor conferences between August 6 and September 1, 2026, with Motilal Oswal, Goldman Sachs, DAM Capital, Elara, Emkay, Ambit, and Avendus.
- AGM book closure Sep 5-11 Jul 29
Books close Sep 5-11, 2026 for 31st AGM with e-voting rights cutoff on Sep 4, 2026.
- New Group CHRO appointed Jul 28
Anjali Byce appointed Group CHRO effective July 29, 2026, replacing Rajendra Mehta who resigned for consulting.
TL;DR: Suzlon is executing well on revenue growth (22.5% YoY) and order wins but facing near-term margin pressure with Q1 profit declining 6%. The ambitious Suzlon 2.0 strategy targeting 15 GW by FY31 and 25% CAGR provides a strong growth narrative, supported by favorable government repowering policy. Key risks are supply chain disruptions and margin compression; if deliveries normalize and EBITDA margins hold at 17-18%, the growth trajectory should reassert itself in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,351 | 1,421 | 1,560 | 2,196 | 2,022 | 2,103 | 2,975 | 3,790 | 3,132 | 3,871 | 4,236 | 5,493 | 3,829 |
| Expenses | 1,152 | 1,196 | 1,313 | 1,839 | 1,652 | 1,809 | 2,475 | 3,096 | 2,533 | 3,150 | 3,498 | 4,529 | 3,234 |
| Operating Profit | 199 | 225 | 248 | 357 | 370 | 294 | 500 | 693 | 599 | 721 | 738 | 964 | 595 |
| OPM % | 15% | 16% | 16% | 16% | 18% | 14% | 17% | 18% | 19% | 19% | 17% | 18% | 16% |
| Other Income | 19 | -28 | 9 | -16 | 23 | 18 | 28 | 35 | 33 | 27 | 23 | 97 | 33 |
| Interest | 62 | 44 | 14 | 44 | 45 | 56 | 70 | 85 | 103 | 110 | 114 | 135 | 134 |
| Depreciation | 55 | 51 | 39 | 44 | 46 | 54 | 66 | 93 | 70 | 75 | 80 | 93 | 106 |
| PBT | 101 | 102 | 203 | 253 | 302 | 202 | 391 | 551 | 459 | 562 | 567 | 833 | 389 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 1% | -114% | 29% | -127% | 21% | -34% | 22% |
| Net Profit | 101 | 102 | 203 | 254 | 302 | 201 | 388 | 1,181 | 324 | 1,279 | 445 | 1,114 | 305 |
| EPS in Rs | 0.08 | 0.08 | 0.15 | 0.19 | 0.22 | 0.15 | 0.29 | 0.87 | 0.24 | 0.94 | 0.33 | 0.82 | 0.22 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19,954 | 9,483 | 12,714 | 8,116 | 5,025 | 2,973 | 3,346 | 6,582 | 5,971 | 6,529 | 10,890 | 16,732 | 17,429 |
| Expenses | 25,703 | 9,767 | 10,235 | 7,140 | 5,048 | 3,829 | 2,809 | 5,682 | 5,137 | 5,492 | 9,026 | 13,709 | 14,411 |
| Operating Profit | -5,749 | -283 | 2,479 | 977 | -23 | -856 | 537 | 900 | 833 | 1,037 | 1,863 | 3,022 | 3,019 |
| OPM % | -29% | -3% | 20% | 12% | -0.5% | -29% | 16% | 14% | 14% | 16% | 17% | 18% | 17% |
| Other Income | -194 | 2,563 | 109 | 555 | 92 | -42 | 823 | 95 | 2,739 | -24 | 97 | 180 | 180 |
| Interest | 2,065 | 1,304 | 1,288 | 1,581 | 1,270 | 1,367 | 996 | 735 | 421 | 164 | 255 | 462 | 493 |
| Depreciation | 809 | 392 | 389 | 342 | 342 | 419 | 258 | 260 | 260 | 190 | 259 | 318 | 354 |
| PBT | -8,816 | 584 | 912 | -391 | -1,543 | -2,684 | 105 | 0 | 2,892 | 659 | 1,447 | 2,422 | 2,352 |
| Tax % | 4% | -4% | 1% | 0% | -1% | 0% | 4% | 41648% | 0% | 0% | -43% | -31% | — |
| Net Profit | -9,133 | 583 | 852 | -384 | -1,537 | -2,692 | 104 | -177 | 2,887 | 660 | 2,072 | 3,163 | 3,144 |
| EPS in Rs | -19.95 | 0.94 | 1.38 | -0.57 | -2.32 | -4.01 | 0.1 | -0.17 | 2.28 | 0.49 | 1.53 | 2.33 | 2.31 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 742 | 1,004 | 1,005 | 1,064 | 1,064 | 1,064 | 1,702 | 1,843 | 2,454 | 2,722 | 2,732 | 2,745 |
| Reserves | -8,064 | -8,537 | -7,846 | -8,031 | -9,562 | -12,047 | -5,045 | -5,369 | -1,355 | 1,199 | 3,374 | 6,719 |
| Borrowings | 17,811 | 11,414 | 11,114 | 11,996 | 11,552 | 13,210 | 6,925 | 6,465 | 1,938 | 150 | 323 | 556 |
| Other Liabilities | 11,243 | 5,842 | 7,887 | 6,092 | 5,816 | 4,303 | 3,019 | 3,535 | 2,486 | 3,108 | 6,531 | 8,850 |
| Total Liabilities | 21,731 | 9,723 | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,475 | 5,523 | 7,179 | 12,960 | 18,869 |
| Fixed Assets | 5,843 | 1,573 | 1,665 | 1,463 | 1,520 | 1,358 | 1,166 | 1,059 | 866 | 886 | 1,780 | 2,309 |
| CWIP | 356 | 233 | 206 | 353 | 229 | 122 | 107 | 20 | 6 | 20 | 105 | 176 |
| Investments | 266 | 393 | 670 | 67 | 20 | 20 | 23 | 0 | 0 | 8 | 43 | 217 |
| Other Assets | 15,266 | 7,524 | 9,619 | 9,237 | 7,102 | 5,030 | 5,305 | 5,396 | 4,651 | 6,264 | 11,032 | 16,166 |
| Total Assets | 21,731 | 9,723 | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,475 | 5,523 | 7,179 | 12,960 | 18,869 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1,119 | -739 | 1,602 | -109 | 1,267 | -929 | 530 | 1,302 | 491 | 80 | 1,092 | 1,202 |
| Investing | -825 | 4,482 | -643 | -138 | 125 | -32 | -24 | -19 | 85 | -152 | -749 | -914 |
| Financing | -199 | -5,656 | -1,249 | 492 | -1,898 | 969 | -327 | -1,045 | -709 | 132 | 343 | -155 |
| Net Cash Flow | 95 | -1,914 | -290 | 245 | -506 | 8 | 180 | 238 | -133 | 60 | 686 | 133 |
| Free Cash Flow | 429 | -1,126 | 1,211 | -764 | 1,020 | -1,029 | 482 | 1,226 | 477 | -147 | 724 | 626 |
| CFO/OP | -23 | 270 | 67 | -17 | -5,358 | 108 | 96 | 144 | 61 | 10 | 59 | 42 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 97 | 104 | 134 | 137 | 168 | 130 | 76 | 72 | 102 | 130 | 137 |
| Inventory Days | 90 | 164 | 168 | 216 | 355 | 400 | 503 | 186 | 176 | 210 | 171 | 152 |
| Days Payable | 122 | 193 | 233 | 180 | 265 | 253 | 366 | 155 | 86 | 165 | 156 | 172 |
| Cash Conversion Cycle | 18 | 68 | 39 | 170 | 227 | 315 | 266 | 107 | 162 | 148 | 145 | 117 |
| Working Capital Days | -96 | -56 | -155 | -100 | -328 | -1,465 | 84 | 16 | 66 | 103 | 73 | 89 |
| ROCE % | -48% | 11% | 53% | 15% | -8% | -48% | 10% | 21% | 20% | 25% | 33% | 35% |
Documents
Frequently Asked Questions about Suzlon Energy Ltd
What does Suzlon Energy Ltd do?
Where is Suzlon Energy Ltd (SUZLON) listed?
Which sector does Suzlon Energy Ltd belong to?
What is the market capitalisation of Suzlon Energy Ltd?
What is the PE ratio of Suzlon Energy Ltd?
What is the 52-week high and low of Suzlon Energy Ltd?
What is the Return on Equity (ROE) of Suzlon Energy Ltd?
How can I research Suzlon Energy Ltd on Tapetide?
Company Information
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. [1]