Suzlon Ltd
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Suzlon Energy's management has articulated a clear vision through its 'Suzlon 2.0' strategy, focusing on higher-capacity turbines and an integrated development model to enhance project execution. Despite facing near-term margin pressures due to strategic investments and supply chain challenges, the company maintains a robust order book of 6.1 GW, which is 2.5 times its FY26 execution, indicating strong revenue visibility. Vista's financial outlook reflects moderated revenue growth expectations, with margins under pressure, yet the long-term growth potential remains intact, supported by Suzlon's strategic initiatives and favorable industry dynamics. The renewable energy sector in India is experiencing a structural super-cycle, driven by government support and increasing demand for sustainable solutions. However, execution risks, particularly related to geopolitical tensions and supply chain disruptions, pose challenges. Over the next 12-24 months, key opportunities include expanding into international markets and capitalizing on repowering projects, while watchpoints include managing working capital and navigating competitive pressures
Why We Like This Stock
- Strong order book of 6.1 GW provides significant revenue visibility
- Strategic focus on higher-capacity turbines and integrated development model enhances competitive positioning
- Favorable industry dynamics and government support for renewable energy drive long-term growth potential
Things To Watch Out For
- Near-term margin pressures due to strategic investments and supply chain disruptions
- Execution risks related to geopolitical tensions may impact project timelines
- Increased competition from international OEMs could pressure pricing and profitability
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 6,529 | 10,890 | 16,732 | 15,590 | 18,493 |
| Profit Before Tax (Cr.) | 721 | 1,453 | 2,442 | 2,104 | 2,574 |
| PBT Margin | 11.0% | 13.3% | 14.6% | 13.5% | 13.9% |
| Net Profit (Cr.) | 718 | 1,439 | 2,414 | 1,578 | 1,931 |
| Earnings Per Share | 0.5 | 1.0 | 1.8 | 1.1 | 1.4 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Ambit Capital | ▲ Buy | 59 | 25-Sep-2026 |
| Anand Rathi | ▲ Buy | 56 | 29-Jul-2026 |
| ICICI Securities | ▲ Buy | 65 | 29-Jul-2026 |
| Motilal Oswal | ▲ Buy | 65 | 29-Jul-2026 |
| Deven Choksey | ▲ Buy | 65 | 14-Jul-2026 |
| UBS | ▲ Buy | 72 | 15-Jun-2026 |
| JMFinancials | ▲ Buy | 65 | 09-Jun-2026 |
Company Overview
Show Company Profile
Suzlon Energy Limited, together with its subsidiaries, manufactures and sells wind turbine generators and related components in India and internationally. The company operates through the WTG, Foundry & Forging, O&M services, and Others segments. It offers onshore wind turbine generators with capacities ranging from 2 MW to 6 MW, and classic fleet turbines; and services including project development through its RE DevCo business, energy storage solutions, and renewable energy asset management. The company also provides operation and maintenance services for wind turbine generators, as well as project execution, procurement, and marketing services. In addition, it is involved in the sale/sub-lease of land; manufacture and sale of forging rings and casting articles, as well as power generation and evacuation infrastructure facilities. The company was incorporated in 1995 and is headquartered in Pune, India.