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Suzlon Energy Ltd

₹ 52.9-1.03%
07 Jan – close price
🔗suzlon.com•BSE: 532667•NSE: SUZLON
Market Cap₹ 71,955 Cr.
Current Price₹ 52.9
High / Low₹ 74.3
Stock P/E23.8
Book Value₹ 5.37
Dividend Yield0.00 %
ROCE36.2 %
ROE45.6 %
Face Value₹ 2.00
Sales₹ 12,197 Cr.
OPM18.0 %
Mar Cap₹ 71,955 Cr.

ABOUT

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]

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.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.A B B5299.0063.57112334.330.83409.04-7.173310.7213.6938.6513010.6516.561766.99408.8815.6116.040.01
2.Siemens3133.6066.14111599.280.38485.40-7.145171.2016.0215.8317364.2011.561687.44484.908.447.460.01
3.B H E L303.55189.24105698.030.16374.89253.177511.8014.094.8729269.174.03558.54374.894.330.810.45
4.CG Power & Ind636.9593.88100310.870.20284.4429.762922.7921.1437.4811069.2912.971068.45286.7213.4414.530.02
5.Siemens Ener.Ind2603.3084.2792703.550.00359.60–2645.70–38.527826.7019.341100.10359.6021.1613.260.03
6.Hitachi Energy19582.00121.8187368.990.03264.36405.571832.5517.9419.446815.4012.60717.23264.3619.045.770.02
7.GE Vernova T&D3150.5087.7280685.580.16299.48107.081538.4638.8854.745094.7823.87919.85299.4838.6714.760.01
8.Suzlon Energy52.9023.8371955.010.001286.60644.483480.6079.2736.1612196.9117.983018.991328.459.8421.030.01
–Median: 37 Co.540.2548.86732.60.0337.3541.39460.0324.3428.091522.9113.99169.545.146.2112.290.14

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
9119082,2927601,9122,8481,0111,4293,5778667641,9423,481
Expenses
9148822,0147121,5682,2659871,3132,9708157321,7012,756
Operating Profit
-32627848343583241156075132241725
Other Income
4747406633316251591045441-14
Profit before tax
-88242010300482-59745414-5192569
Tax %
0%0%0%0%0%28%0%0%-117%0%0%0%-126%
Net Profit
-88242010300347-59741,1744-51921,287
EPS in Rs
-0.070.020.150.000.220.26-0.050.060.870.00-0.000.140.95

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
3,0652,2705,9429,2465,9772,5443761,2474,0403,5905,86410,19812,197
Expenses
3,4002,6525,1036,7365,3442,7431,2701,3463,9643,5294,9468,52710,004
Operating Profit
-336-3828392,510633-199-894-9876619181,6702,192
Other Income
806-4,274722-810-146-5,830-559870-262,73391199117
Interest
1,2211,2197769311,2239441,141983777442144229351
Depreciation
174158420414419439682186185190142167166
Profit before tax
-925-6,032365356-1,155-7,412-3,276-398-9132,1637231,4741,792
Net Profit
-924-6,032378356-1,156-7,413-3,277-398-9132,1637232,1053,009
EPS in Rs
-3.00-13.140.610.57-1.76-11.26-4.97-0.38-0.801.730.541.552.23
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:13%
5 Years:23%
3 Years:64%
TTM:436%

Compounded Sales Growth

10 Years:16%
5 Years:94%
3 Years:36%
TTM:97%

Return on Equity

10 Years:%
5 Years:%
3 Years:%
Last Year:46%

Stock Price CAGR

10 Years:10%
5 Years:50%
3 Years:73%
1 Year:-13%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
4987421,0041,0051,0641,0641,0641,7021,8432,4542,7222,7322,744
Reserves
2,328-605-40018-710-8,087-11,342-5,680-5,736-1,0355592,7974,564
Borrowings
10,05810,9476,2106,0757,3576,78311,9624,8524,3142,342383674
Other Liabilities
5,7274,6715,4787,1285,1308,7634,0394,4895,2532,2863,4386,7807,380
Total Liabilities
18,61115,75412,29214,22612,8418,5235,7235,3625,6756,0486,75712,34414,761
Fixed Assets
7195881,7461,7901,4701,404893758681526673732770
Gross Block
1,7141,7292,2102,6692,7603,1193,2633,2712,1951,8852,1002,224–
Accumulated Depreciation
9951,1424648801,2901,7152,3702,5131,5141,3591,4271,492–
CWIP
1620179128292140117100124876193
Investments
7,7302,7522,7533,6482,8782,0091,7821,7811,7521,7543791,2781,648
Other Assets
10,14612,3957,6158,6608,2014,9702,9322,7243,2303,7635,69810,25812,150
Total Assets
18,61115,75412,29214,22612,8418,5235,7235,3625,6756,0486,75712,34414,761

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-163-151,5552,801-796450-1,257-161-74-17-48916
Cash from Investing Activity
-540-5662,156-1,84432534-3,5035181,180408-107-612
Cash from Financing Activity
624588-3,685-8981,058-1,4144,780-199-889-510179331
Net Cash Flow
-7972759293-43020157216-11924635

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
184254116911161574131116056103132
Inventory Days
123132132150138251859420138101221164
Days Payable
5655923283072163811,108669214141234191
Cash Conversion Cycle
-258-206-81-663726163-138-161589104
Working Capital Days
-33684-65-86-169-831-12,645-302-74-736248
ROCE %
-2%-2%10%26%8%-5%-186%-17%-7%3%23%36%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
14.50%14.50%14.50%13.28%13.28%13.28%13.26%13.25%13.25%13.25%11.75%11.73%
FIIs
7.65%7.64%7.79%10.88%17.83%19.57%21.53%23.72%22.87%23.04%23.02%22.70%
DIIs
5.82%5.55%5.90%9.81%6.16%6.30%9.16%9.02%9.31%8.73%10.17%10.14%
Public
72.02%72.30%71.78%65.99%62.74%60.85%56.03%54.02%54.56%54.98%55.07%55.40%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Suzlon Energy Ltd. Updates Key Personnel for Regulatory Disclosures

24th February 2026, 4:33 pm

Suzlon Energy Announces Key Leadership Appointments and New Group Executive Council

24th February 2026, 3:46 pm

Suzlon Energy Ltd. to Participate in Investors' Meet/Conference

21st February 2026, 11:12 pm

Suzlon Energy to Attend Investor Meets in February and March 2026

21st February 2026, 11:09 pm

Suzlon Energy: To Appeal Rs. 9.60 Crore Customs Penalty Order from Chennai Commissioner

20th February 2026, 3:27 pm

Published by Other Websites

External media mentions & references

Indian Markets Crash: Sensex Plunges 961 Points, Nifty Below 25,200

27th February 2026, 4:24 pm

Suzlon's Diversification Gamble: Will New Energy Ventures Justify Bullish Targets?

27th February 2026, 11:30 am

US Slaps 126% Duty on Indian Solar Imports, Stocks Tumble

25th February 2026, 10:14 am

Suzlon Energy Appoints New CEO, Charts Aggressive Renewable Energy Course

24th February 2026, 8:19 pm

Suzlon Energy Expands with DevCo, Faces Valuation Scrutiny

24th February 2026, 6:51 pm

News Articles

Editorial & research coverage

Indian Stocks Diverge: SBI Soars, REC Dips Amidst Merger Woes
Indian Stocks Diverge: SBI Soars, REC Dips Amidst Merger Woes

9th February 2026, 2:05 pm

Suzlon's Q3 Revenue Surges, But Profit Dip Triggers Market Caution
Suzlon's Q3 Revenue Surges, But Profit Dip Triggers Market Caution

5th February 2026, 6:09 pm

Suzlon Energy Q3 Profit Surges 15%, Revenue Jumps on Record Orders
Suzlon Energy Q3 Profit Surges 15%, Revenue Jumps on Record Orders

5th February 2026, 4:18 pm

Suzlon Energy Q3 Profit Jumps 15%, Revenue Soars 42%, Stock Falls 5.7%
Suzlon Energy Q3 Profit Jumps 15%, Revenue Soars 42%, Stock Falls 5.7%

5th February 2026, 2:58 pm

Dalal Street Braces for Earnings Blitz: 200 Firms, Bharti, Suzlon, Tata Motors in Focus
Dalal Street Braces for Earnings Blitz: 200 Firms, Bharti, Suzlon, Tata Motors in Focus

5th February 2026, 12:25 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

2d - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December 2025.

Announcement under Regulation 30 (LODR)-Change in Management

26 Dec - Vivek Srivastava resigned as CEO — WTG Division effective close of business 26 Dec 2025.

Closure of Trading Window

24 Dec - Trading window closed from 1 Jan 2026 until 48 hours after results for quarter and 9M ended 31 Dec 2025.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

17 Dec - Suzlon and Yanara sign two 153 MW contracts (306 MW) supplying 102 S144 3MW turbines in Barmer, Rajasthan.

Proceedings And Voting Results Of The Meeting Of The Unsecured Creditors Of Suzlon Energy Limited Held On Friday, 12Th December 2025

12 Dec - Unsecured creditors approved Suzlon scheme on 12 Dec 2025; 79.50% votes cast, 98.16% in favour.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

6 Oct 2025 from icra

Rating update

29 Jul 2025 from icra

Rating update

29 Jul 2025 from crisil

Rating update

30 Dec 2024 from crisil

Rating update

16 Aug 2024 from crisil

Rating update

7 Jun 2024 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

Suzlon Energy Limited is a leading Indian renewable energy solutions provider, primarily engaged in the manufacturing, installation, and operation & maintenance of wind turbine generators and their components.

Key Growth Triggers

  1. Driven by India's energy transition and supportive government policies, Suzlon has secured significant wind energy orders, maintaining a robust order book and a healthy net cash position.
  2. Strategic expansion plans and proactive land bank development also contribute to growth.

Order Book

The company reports a strong order book, with figures like 5.7 GW and 6.2 GW mentioned in previous updates, indicating consistent demand for its wind energy solutions.

Key Red Flags

  1. Potential concerns include low promoter holding, absence of dividend payouts despite profitability, and increasing debtor days as noted in previous financial assessments.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

24th Feb 26
Impact Rating: 5
In compliance with SEBI Listing Regulations, Suzlon Energy has updated the designated Key Managerial Personnel for assessing event materiality and making disclosures to stock exchanges.
24th Feb 26
Impact Rating: 8
Suzlon Energy announces a new leadership structure with the formation of a Group Executive Council and appointment of Ajay Kapur as Group CEO to drive transformation. J.P. Chalasani is elevated to the GEC, and Girish Vanvari joins as an Independent Director.
21st Feb 26
Impact Rating: 5
Suzlon Energy Ltd. confirmed participation in investor/analyst meets on February 26, 2026, and March 10-11, 2026. The company will present its IR presentation, assuring no other unpublished price sensitive information will be shared.
21st Feb 26
Impact Rating: 6
Suzlon Energy representatives will attend investor meets on Feb 26, 2026 (Kotak Securities) and Mar 10-11, 2026 (UBS). The company specified that only IR presentations will be discussed, with no unpublished price-sensitive information to be shared.
20th Feb 26
Impact Rating: 6
Suzlon Energy Limited announced that it will prefer an appeal against an order by the Principal Commissioner of Customs, Chennai, levying a penalty of Rs. 9.60 Crores on its merged subsidiary.