Suzlon Energy Ltd: Comprehensive Share Analysis 2025

Company Overview: Global Renewable Energy Leader

Vertically integrated wind turbine manufacturer
20+ GW installed capacity across 17 countries
End-to-end services: design, manufacturing, EPC, and O&M
Clients include major private and public-sector power utilities

Market Snapshot & Share Price Highlights

Current Share Price (Dec 26, 2025): ₹53.8
Market Capitalisation: ~₹73,000 crore
52-Week Range: ₹46.0 – ₹86.0
Correction from peak: ~27%
Promoter Holding: ~11.7%
Institutional Ownership: ~17%
P/B Ratio: ~9.2x
P/E Ratio: ~23x

Financial Performance & Profitability

FY25 Revenue: ~₹137 billion
FY25 Net Profit: ~₹31.7 billion
EBITDA Margin expanded to ~18.6%
ROE: ~50.5%
ROCE: ~24.9%
Net cash position of ~₹5 billion
Debt-to-Equity Ratio: ~0.05
Operating Cash Flow: ~₹7 billion
Free Cash Flow: Positive

Recent Quarterly Highlights & Growth Drivers

Q2 FY25 Net Profit surged to ₹1,278 crore vs ₹200 crore YoY
Profit aided by tax write-back and operating leverage
Revenue grew 84% YoY; EBITDA more than doubled
Strategic decoupling of project development and execution
Strong policy visibility: India targets 400 GW wind capacity by 2047

Analyst Sentiment & Price Forecasts

Analyst Coverage: 9 analysts
Ratings: 8 Buy, 1 Hold
Average 1-Year Target Price: ₹75.14
Target Price Range: ₹60.6 – ₹86.1
Intrinsic valuation close to current price
Slight overvaluation estimated at ~5%
Long-term view positive but execution-focused

Peer Comparison & Sector Context

Operates in capital goods & renewable energy segments
India’s renewable energy target: 500 GW by 2030
Strong sector tailwinds for wind energy
Low debt and strong margins are key competitive advantages

Risks & Challenges

High stock volatility; 52-week return down ~22.5%
Beta ~1.09 indicating market-linked volatility
Low dividend yield; no payouts despite profitability
Debtor days increased from 101 to 130
Low promoter stake may impact long-term strategic control

Strategic Outlook & Growth Potential

Strong focus on wind power expansion aligned with government policy
Innovation in turbine technology and O&M services
Opportunity to capture 6–8 GW annual wind installations in India
Global expansion potential, though execution risks remain

Conclusion: Balanced Opportunity for Long-Term Investors

Suzlon Energy has transformed into a fundamentally stronger company with robust profitability, near-zero debt, and strong alignment with India’s renewable energy ambitions.

While valuation appears close to fair value, analyst targets suggest moderate upside over the medium term.

Investor View: Suitable for patient, long-term investors seeking exposure to India’s green energy transition, with an understanding of execution and volatility risks.

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please consult a registered financial advisor before making investment decisions.