Skip to main content
Swing Capital

Suzlon Energy Ltd

NSE: SUZLON BSE: 532667Energy

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]

₹53.3
52W: ₹38.2 — ₹74.3
PE 23.2 · Book ₹5.37 · +893% vs book
Market Cap₹72,489 Cr
Stock P/E23.2Price to Earnings
ROCE36.2%Return on Capital
ROE45.6%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 23.0% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 9.84 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
  • −Debtor days have increased from 96.9 to 132 days.

Shareholding Pattern

Promoters11.73%
FIIs23.85%
DIIs9.18%
Public55.23%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters13.26%13.25%▼0.013.25%13.25%11.75%▼1.511.73%▼0.011.73%11.73%
FIIs21.53%23.72%▲2.222.87%▼0.823.04%▲0.223.02%▼0.022.7%▼0.323.73%▲1.023.85%▲0.1
DIIs9.16%9.02%▼0.19.31%▲0.38.73%▼0.610.17%▲1.410.14%▼0.09.23%▼0.99.18%▼0.1
Public56.03%54.02%▼2.054.56%▲0.554.98%▲0.455.07%▲0.155.4%▲0.355.29%▼0.155.23%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales7649081,4291,9121,9422,7683,5772,8483,4813,796
Expenses7328821,3131,5681,7012,2942,9702,2652,7563,250
Operating Profit3226115343241474607583725546
OPM %4%3%8%18%12%17%17%20%21%14%
Net Profit-524743001924381,1743471,287282
EPS ₹00.020.060.220.140.320.870.260.950.21

AI Insights

Revenue Trend

TTM revenue at ₹13,701Cr, up 34.3% YoY. OPM at 18%.

Debt Position

Borrowings at ₹74Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹193Cr (25% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 9.18% (+3.28pp change). FIIs: 23.85% (+16.06pp change). Promoters hold 11.73%.

Margin & Efficiency

ROCE improving from -2% (Mar 2014) to 36% (Mar 2025). Working capital days: 48.

Valuation

PE 23.2x with 36.2% ROCE. Price is 893% above book value of ₹5.37. Dividend yield: 0%.

Recent Announcements