Suzlon Energy Ltd.

NSE: SUZLON · Heavy Electrical Equipment

52W Range₹38 ₹67

Snapshot

Unlock Suzlon Energy Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Suzlon Energy Limited is a prominent manufacturer of wind turbine generators and related components, offering comprehensive operation and maintenance services. The company also engages in project execution, land sub-leasing, and the production of foundry and forging components.

Business Model

The company generates revenue through the end-to-end manufacturing and installation of wind energy solutions, supplemented by long-term service contracts. Additional income streams are derived from power generation, solar operations, and the sale of industrial components.

Growth Outlook

Growth is driven by the global transition towards renewable energy and the increasing demand for wind power infrastructure in India. The company continues to leverage its established manufacturing base and service capabilities to capture market share in the green energy sector.

Key Risks

  • Regulatory and Policy Risk. Changes in government subsidies, renewable energy policies, and grid connectivity regulations can significantly impact project viability.
  • Execution and Operational Risk. Delays in large-scale wind farm project execution or technical failures in turbine performance may lead to financial penalties and reputational damage.
  • Financial Leverage. The company's historical debt profile remains a critical factor, as high interest obligations can constrain capital expenditure and liquidity.
  • Supply Chain Volatility. Fluctuations in the cost of raw materials, such as steel and composite materials, directly affect manufacturing margins.

Price

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Key Metrics

REVENUE

₹16,732 Cr

TTM · consolidated

+53.6%YoY

NET PROFIT

₹3,163 Cr

TTM · consolidated

+52.7%YoY

EPS

₹2.30

TTM · consolidated

+51.3%YoY

RETURN ON EQUITY

45.5%

TTM · consolidated

-0.9 ppYoY

RETURN ON CAPITAL EMPLOYED

36.3%

TTM · consolidated

+1.5 ppYoY

P/E

22.6x

Q4 FY26 · consolidated

22.6 vs -52.2x5Y avg

EV/EBITDA

22.7x

Q4 FY26 · consolidated

22.7 vs 183.8x5Y avg

EBITDA MARGIN

18.7%

TTM · consolidated

+0.7 ppYoY

NET PROFIT MARGIN

20.3%

Q4 FY26 · consolidated

-10.9 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.02xYoY

Peers · Heavy Electrical Equipment

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Suzlon Energy Ltd.SUZLON
55,80522.6022.6853.6%18.7%45.5%36.3%-22.5%
Siemens Energy India Ltd.ENRIN
96,43792.5661.6322.5%32.0%37.2%+10.3%
GE Vernova T&D India Ltd.GVT&D
89,85895.1765.2944.6%28.6%61.6%78.7%+96.3%
Bharat Heavy Electricals Ltd.BHEL
89,78594.6550.2819.2%9.3%6.4%6.9%+71.2%
Thermax Ltd.THERMAX
38,48871.6341.132.9%12.1%14.2%17.2%+25.7%
Schneider Electric Infrastructure Ltd.SCHNEIDER
20,929149.2581.829.6%13.4%34.6%28.8%+49.8%

As of Q4 FY26

Financials