Suzlon Energy Ltd (SUZLON) AI Stock Analysis

• Market Cap: ₹653.69B
• Dividend Yield: N/A
• Average Volume (3M): 5.76M
• Price to Earnings (P/E): 20.6
• Beta (1Y): 1.77
• Revenue Growth: 74.67%
• EPS Growth: 229.31%
• Country: IN
• Employees: 7,800
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): 0.44
• Shares Outstanding: 13,712,836,000
• 10 Day Avg. Volume: 6,994,725
• 30 Day Avg. Volume: 5,764,471
• PEG Ratio: 0.18
• Price to Book (P/B): 12.62
• Price to Sales (P/S): 7.10
• P/FCF Ratio: 110.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹75.00
• Price Target Upside: 39.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹51.00 ▼(-4.99% Downside)

Suzlon Energy Ltd's overall stock score is driven primarily by its strong financial performance, indicating a successful turnaround with improved profitability and a healthier balance sheet. However, technical indicators suggest caution due to potential overbought conditions, and the high P/E ratio raises valuation concerns. The absence of dividend yield further impacts the valuation attractiveness.

Positive Factors

High revenue growth

Sustained ~75% revenue growth signals expanding project wins and stronger WTG sales and services scale. Over 2-6 months this supports durable orderbook momentum, higher O&M annuity potential and better operating leverage as execution and recurring revenues compound.

Strengthened cash generation

Positive free cash flow and improved operating cash-to-income ratios enhance self-funding for project capex and O&M investments. This durable cash-generation lift reduces reliance on external financing and lowers refinancing risk for multi-year wind projects.

Improved balance sheet / lower leverage

An improved debt-to-equity and restored equity position strengthen financial flexibility for bids and project execution. Lower leverage makes it easier to access project financing and absorb execution timing variability, supporting longer-term growth in wind deployments.

Negative Factors

Earnings volatility

Volatile net income reflects project execution timetables and lumpiness of large contract recognition. Persistent earnings swings can undermine predictability of cash available for reinvestment and O&M scaling, complicating long-term planning and stakeholder confidence.

Free cash flow variability

Despite recent positive FCF, historical variability shows sensitivity to project receipts and working-capital swings. If project delays or slower collections recur, liquidity could tighten, pressuring project delivery and maintenance service investments over the medium term.

Capital structure needs monitoring

While leverage has improved, management must continue deleveraging to secure long-term financing capacity for large wind projects. Residual balance-sheet risk could constrain bidding aggressiveness and increase funding costs if market conditions or project capex needs spike.

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 well as project execution services. In addition, it is involved in the sale/sub-lease of land; and sale of foundry and forging components, as well as power generation and solar operations. Suzlon Energy Limited was incorporated in 1995 and is headquartered in Pune, India.

How the Company Makes Money

Suzlon Energy Ltd generates revenue primarily through the sale and installation of wind turbines, as well as ongoing maintenance and operational services for wind power projects. The company's revenue model includes the sale of complete wind power projects, where it either sells the turbines directly to clients or undertakes the entire project development process, including construction and commissioning. Additionally, Suzlon earns recurring revenue through long-term service agreements (LTSA) for turbine maintenance, which provide stable cash flows. The company also benefits from strategic partnerships with various stakeholders in the energy sector, including financial institutions and government entities, which facilitate project financing and expansion into new markets. Factors such as government incentives for renewable energy, increasing global energy demand, and a growing shift towards sustainable practices contribute significantly to Suzlon's earnings.

Suzlon Energy Ltd Financial Statement Overview

Summary

Suzlon Energy Ltd demonstrates a commendable turnaround in its financial performance, marked by solid revenue growth and improved profitability. The company's balance sheet reflects a healthier capital structure with reduced leverage, while cash flow metrics indicate stronger liquidity and operational cash generation. Despite historical challenges, Suzlon's financial trajectory is promising, but vigilance is required to maintain this momentum and manage potential risks.

Income Statement

Suzlon Energy Ltd shows strong revenue growth with an impressive increase in total revenue from 2024 to 2025. The gross profit margin has remained healthy, enhancing the company's profitability. The net profit margin improved significantly, reflecting better cost management and operational efficiency. The EBIT and EBITDA margins also indicate strong operational performance. However, fluctuations in net income over the years suggest potential volatility in earnings.

Balance Sheet

The company's debt-to-equity ratio has improved, indicating a more stable financial position with reduced leverage. The return on equity (ROE) is robust, showcasing effective utilization of shareholder funds, while the equity ratio reflects a balanced asset structure. Historical challenges with negative equity have been rectified, although the company's capital structure still bears close monitoring to ensure continued progress.

Cash Flow

Suzlon's cash flow position has strengthened, with positive free cash flow indicating effective cash management and operating efficiency. The significant growth in operating cash flow to net income ratio highlights strengthened cash generation capabilities. However, the historical volatility in free cash flow suggests the need for cautious liquidity management to avoid future cash constraints.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	119.53B	108.51B	64.97B	58.54B	65.20B	32.95B
Gross Profit	43.40B	39.00B	24.68B	18.54B	21.88B	17.17B
EBITDA	19.83B	17.87B	9.70B	35.34B	7.25B	4.02B
Net Income	20.94B	20.72B	6.60B	28.49B	-2.00B	1.04B
Balance Sheet
Total Assets	144.61B	129.60B	71.79B	55.23B	64.75B	66.01B
Cash, Cash Equivalents and Short-Term Investments	19.31B	11.56B	4.35B	3.67B	6.13B	2.63B
Total Debt	3.11B	3.23B	1.50B	19.38B	64.65B	69.25B
Total Liabilities	79.19B	68.54B	32.59B	44.24B	100.37B	100.02B
Stockholders Equity	63.44B	61.06B	39.20B	10.99B	-35.26B	-33.43B
Cash Flow
Free Cash Flow	0.00	6.98B	-1.48B	3.66B	12.25B	4.79B
Operating Cash Flow	0.00	10.69B	795.30M	4.67B	13.02B	5.30B
Investing Cash Flow	0.00	-8.29B	-1.52B	849.10M	-184.30M	-237.30M
Financing Cash Flow	0.00	4.43B	1.32B	-6.84B	-10.45B	-3.27B

Suzlon Energy Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 53.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUZLON, the sentiment is Negative. The current price of 53.68 is above the 20-day moving average (MA) of 48.58, above the 50-day MA of 51.27, and below the 200-day MA of 58.08, indicating a bearish trend. The MACD of -1.48 indicates Negative momentum. The RSI at 42.40 is Neutral, neither overbought nor oversold. The STOCH value of 70.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SUZLON.

Suzlon Energy Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHENNPETRO	67 Neutral	₹129.02B	6.06	―	0.55%	-4.61%	63.26%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SUZLON	64 Neutral	₹653.69B	20.56	―	―	74.67%	229.31%
ADANIPOWER	62 Neutral	₹2.61T	22.76	―	―	-0.70%	-5.41%
IREDA	62 Neutral	₹370.96B	19.38	―	―	33.44%	17.49%
ADANIGREEN	59 Neutral	₹1.40T	93.29	―	―	14.16%	75.34%
SWSOLAR	43 Neutral	₹43.24B	-11.12	―	―	112.24%	-474.43%

Suzlon Energy Ltd Corporate Events

Suzlon Publishes Tribunal Hearing Notice on Reserve Reorganisation Scheme

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 under applicable provisions of the Companies Act, 2013. The hearing on the scheme, which affects shareholders and creditors, has been scheduled for 19 March 2026 by the National Company Law Tribunal, Ahmedabad Bench, and the company has published the required notices in English and Gujarati newspapers and on its website, signalling progress in its capital restructuring process and providing formal transparency to investors and the wider public.

Suzlon Files SEBI Regulation 74(5) Dematerialisation Compliance Certificate

Suzlon Energy Limited has submitted to the National Stock Exchange of India and BSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, issued by its registrar and share transfer agent, KFin Technologies. The certificate confirms that all securities received for dematerialisation during the quarter were duly processed, accepted or rejected with the depositories, listed on the appropriate stock exchanges, and that corresponding physical certificates were mutilated, cancelled, and updated in the register of members within the prescribed timeframe, underscoring Suzlon’s adherence to regulatory norms and robust governance in handling its share capital.

Suzlon and Yanara Expand Partnership with New Wind Turbine Orders in Rajasthan

Suzlon Energy Ltd has announced an extension of its partnership with Yanara through two new wind turbine orders totaling 306 MW for projects in Barmer, Rajasthan. This collaboration reinforces Suzlon’s market leadership in Rajasthan’s wind energy sector and highlights Yanara’s commitment to advancing renewable energy innovation in India.

Suzlon Energy Pays Penalty for Late Groundwater NOC Application

Suzlon Energy Limited has been penalized by the Central Ground Water Authority for the late submission of an application to obtain a No Objection Certificate for the use of groundwater. The company has paid the penalty of Rs. 1 lakh on December 4, 2025, and has stated that this penalty will not have a material impact on its financial or operational activities.

Suzlon Energy Announces Key Meetings for Reserve Reorganization

Suzlon Energy Limited has announced meetings for its equity shareholders and unsecured creditors to discuss and approve a Scheme of Arrangement. This scheme involves the reorganization and reclassification of the company’s reserves, as directed by the National Company Law Tribunal, Ahmedabad Bench. The meetings are scheduled to take place via video conferencing on December 12, 2025. The outcome of these meetings could significantly impact the company’s financial structuring and stakeholder interests.

Suzlon Energy Releases Q2 FY26 Earnings Call Recording

Suzlon Energy Limited announced that the audio recording of its Q2 FY26 earnings conference call, held on November 4, 2025, is now available on the company’s website. This release ensures transparency and accessibility of financial information for stakeholders and the public, reflecting Suzlon’s commitment to open communication and investor relations.