Suzlon Energy Ltd (IN:SUZLON)
:SUZLON
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Suzlon Energy Ltd
(SUZLON)
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Rating:60Neutral
Price Target:
₹46.00
▼(-14.31% Downside)
Action:ReiteratedDate:03/05/26
Score is driven primarily by improved financial performance (strong growth, profitability, better balance sheet and positive free cash flow). This is tempered by weak technicals (price below major DMAs, negative MACD, very low RSI/Stoch) indicating bearish momentum, while valuation appears reasonable but not notably cheap and lacks dividend support.
Positive Factors
Recurring O&M and aftermarket revenue
Suzlon's business model includes multi-year O&M contracts and aftermarket/spares sales tied to an installed base. These recurring revenues provide durable cash flow, higher customer lifetime value and revenue visibility, cushioning cyclical project sales over the next 2-6 months.
Negative Factors
Historical earnings and FCF volatility
Despite recent improvements, the company has a track record of volatile net income and free cash flow. This unpredictability can challenge forecasting, raise refinancing risk in weaker quarters, and complicate capital allocation decisions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring O&M and aftermarket revenue
Suzlon's business model includes multi-year O&M contracts and aftermarket/spares sales tied to an installed base. These recurring revenues provide durable cash flow, higher customer lifetime value and revenue visibility, cushioning cyclical project sales over the next 2-6 months.
Read all positive factors
Suzlon Energy Ltd (SUZLON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹606.87B
Dividend YieldN/A
Average Volume (3M)5.76M
Price to Earnings (P/E)40.5
Beta (1Y)1.51
Revenue Growth74.67%
EPS Growth229.31%
CountryIN
Employees7,800
SectorEnergy
Sector Strength52
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.30
Shares Outstanding13,714,633,000
10 Day Avg. Volume6,994,725
30 Day Avg. Volume5,764,471
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)12.62
Price to Sales (P/S)7.10
P/FCF Ratio110.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹65.00Price Target Upside21.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.06
Revenue Forecast (FY)₹216.36B
Suzlon Energy Ltd Business Overview & Revenue Model
Company Description
Suzlon Energy Limited, together with its subsidiaries, manufactures and sells wind turbine generators and related components in India and internationally. The company also provides operation and maintenance services for wind turbine generators, as...
How the Company Makes Money
Suzlon primarily makes money by selling and executing wind power projects centered on its wind turbine generators (WTGs). Key revenue streams include: (1) WTG and project execution revenue: income from supplying wind turbine equipment and deliveri...
Suzlon Energy Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 137.30B | 108.51B | 64.97B | 58.54B | 65.20B | 32.95B |
| Gross Profit | 46.28B | 39.00B | 24.68B | 18.54B | 21.88B | 17.17B |
| EBITDA | 24.42B | 17.87B | 9.70B | 35.34B | 7.25B | 4.02B |
| Net Income | 31.73B | 20.72B | 6.60B | 28.49B | -2.00B | 1.04B |
Balance Sheet | ||||||
| Total Assets | 158.56B | 129.60B | 71.79B | 55.23B | 64.75B | 66.01B |
| Cash, Cash Equivalents and Short-Term Investments | 9.03B | 11.56B | 4.35B | 3.67B | 6.13B | 2.63B |
| Total Debt | 3.97B | 3.23B | 1.50B | 19.38B | 64.65B | 69.25B |
| Total Liabilities | 79.96B | 68.54B | 32.59B | 44.24B | 100.37B | 100.02B |
| Stockholders Equity | 78.60B | 61.06B | 39.20B | 10.99B | -35.26B | -33.43B |
Cash Flow | ||||||
| Free Cash Flow | -2.13B | 6.98B | -1.48B | 3.66B | 12.25B | 4.79B |
| Operating Cash Flow | 855.70M | 10.69B | 795.30M | 4.67B | 13.02B | 5.30B |
| Investing Cash Flow | -5.20B | -8.29B | -1.52B | 849.10M | -184.30M | -237.30M |
| Financing Cash Flow | 230.60M | 4.43B | 1.32B | -6.84B | -10.45B | -3.27B |
Suzlon Energy Ltd Technical Analysis
Positive
53.68
Price Trends
43.85
Positive
48.39
Negative
54.25
Negative
Market Momentum
-0.46
Negative
57.98
Neutral
76.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUZLON, the sentiment is Positive. The current price of 53.68 is above the 20-day moving average (MA) of 41.34, above the 50-day MA of 43.85, and below the 200-day MA of 54.25, indicating a neutral trend. The MACD of -0.46 indicates Negative momentum. The RSI at 57.98 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SUZLON.
Suzlon Energy Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹147.24B | 3.11 | ― | 0.55% | -4.61% | 63.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | ₹1.70T | -1,019.54 | ― | ― | 14.16% | 75.34% | |
62 Neutral | ₹3.26T | 27.80 | ― | ― | -0.70% | -5.41% | |
62 Neutral | ₹343.99B | 16.79 | ― | ― | 33.44% | 17.49% | |
60 Neutral | ₹606.87B | 40.55 | ― | ― | 74.67% | 229.31% | |
43 Neutral | ₹41.53B | -446.21 | ― | ― | 112.24% | -474.43% |
* Energy Sector Average
IN:SUZLON
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-13.62%
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Suzlon Energy Ltd Corporate Events
Suzlon Hit with Rs 25 Lakh FEMA Penalty, Sees No Material Impact
Mar 23, 2026
Suzlon Energy Limited disclosed that the Enforcement Directorate’s Mumbai Zonal Office-II has imposed a penalty of Rs 25 lakh on the company for alleged contravention of provisions under the Foreign Exchange Management Act relating to export...
Suzlon Flags Unexplained Stock Price Surge to Exchanges
Mar 23, 2026
Suzlon Energy Limited has informed the stock exchanges of a significant price movement in its shares observed on 23 March 2026, noting that it could not identify any specific event or media report that might have triggered the volatility. The comp...
Suzlon allots 77,000 shares under ESOP 2022, marginally lifts paid-up capital
Mar 11, 2026
Suzlon Energy Limited has allotted 77,000 fully paid-up equity shares following the exercise of employee stock options granted under its ESOP 2022 plan. The shares, with a face value of Rs.2 each and issued at a premium, were allotted in demateria...
Suzlon Reshapes Top Management With New Group CEO and Independent Director
Feb 24, 2026
Suzlon Energy’s board has reshuffled its top leadership, elevating former Group Chief Executive Officer J.P. Chalasani to the Group Executive Council while retaining his status as a key managerial personnel. The moves underscore a governance...
Suzlon overhauls leadership, appoints Ajay Kapur as Group CEO and adds independent director
Feb 24, 2026
Suzlon Energy’s board has reshaped its top management, elevating J.P. Chalasani to the Group Executive Council while appointing industry veteran Ajay Kapur as Group Chief Executive Officer and key managerial personnel, effective 24 February ...
Suzlon Publishes Tribunal Hearing Notice on Reserve Reorganisation Scheme
Jan 22, 2026
Suzlon Energy Limited has notified the stock exchanges that newspaper advertisements have been published announcing the date of the court hearing for its proposed Scheme of Arrangement involving the reorganisation and reclassification of reserves ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.