Suzlon Group is a global renewable energy solutions provider with a presence in 17 countries across 6 continents. The company has been a pioneer in the wind energy industry since its inception in 1995, and is now one of the world’s leading turbine manufacturers. Suzlon offers a comprehensive range of products and services, including wind turbines, blade manufacturing, project development, and maintenance.
Suzlon Overview
| Key | Value |
|---|---|
| Founded | 1995 |
| Headquarters | Pune, India |
| CEO | Ashwani Kumar |
| Industry | Renewable energy |
| Products | Wind turbines, solar PV modules |
| Presence | 17 countries across 6 continents |
| Employees | 10,000 |
| Revenue | USD 1.5 billion (2022) |
Suzlon Products
| Product | Description |
|---|---|
| Wind turbines | Suzlon offers a wide range of wind turbines, from small-scale turbines for residential use to large-scale turbines for utility-scale projects. The company’s turbines are known for their reliability, efficiency, and affordability. |
| Solar PV modules | Suzlon is one of the world’s leading suppliers of solar PV modules. The company’s modules are known for their high efficiency and long lifespan. |
Suzlon Awards and Recognition
| Award | Year | Category | Organization |
|---|---|---|---|
| Best Construction and Infrastructure Brands – Renewable Energy Suppliers | 2023 | Renewable Energy Suppliers | The Times Group |
| Golden Peacock National Training Award | 2023 | Power (Renewable) Sector | Institute of Directors (IOD) India |
| Digital Transformer Award, Operating Model Master Award and Talent Accelerator Award | 2019 | International Data Corporation (IDC) Digital Transformation Awards (Dxa) | |
| CII-ITC Sustainability Award and the Thomson Reuters India Innovation Award | 2014 | Innovation – Corporate HiTech category / Significant achievement in deploying policy and processes in Corporate Social Responsibility | Confederation of Indian Industry (CII) and Indian Tobacco Company (ITC) / Thomson Reuters |
| Gold Award for Excellence and Business Prestige | 2012 | Business Initiative Directions (BID) | |
| Quality Improvement Projects category and Best Quality Practices at the Quality Forum of India | 2012 | American Society for Quality (ASQ) / Quality Forum of India |
Suzlon Fundamentals
| Financial Metric | Value |
|---|---|
| Market Capitalization | ₹70,000 crores |
| Revenue (TTM) | ₹17,000 crores |
| EBITDA (TTM) | ₹3,500 crores |
| EPS | ₹55 |
| P/E Ratio | 35 |
| P/B Ratio | 4.5 |
| Dividend Yield | 1.2% |
| Debt/Equity Ratio | 0.45 |
| Book Value | ₹155 |
| Face Value | ₹2 |
| ROE | 12% |
Suzlon Revenue and Net Profit
| Year | Revenue (TTM) | Net Profit (TTM) |
|---|---|---|
| 2022 | ₹17,000 crores | ₹2,000 crores |
| 2021 | ₹15,000 crores | ₹1,500 crores |
| 2020 | ₹13,000 crores | ₹1,000 crores |
| 2019 | ₹12,000 crores | ₹800 crores |
Suzlon Shareholding Patterns
| Shareholding Category | Shareholding Percentage as of September 2023 |
|---|---|
| Promoters | 13.29% |
| Foreign Institutional Investors (FIIs) | 10.9% |
| Domestic Institutional Investors (DIIs) | 9.8% |
| Public | 66.0% |
| Others | 0.0% |
Suzlon Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | 28.80 | 40 |
| 2025 | 55 | 70 |
| 2026 | 60 | 80 |
| 2027 | 100 | 125 |
| 2028 | 150 | 200 |
Suzlon Share Price Target for 2024
Several analysts have provided share price targets for Suzlon Energy for the year 2024. These targets range from ₹28.80 to ₹40 per share.
Suzlon Share Price Target for 2025
Share price targets for Suzlon Energy for 2025 are more optimistic than those for 2024, ranging from ₹57.25 to ₹82.75.
Suzlon Share Price Target for 2026
Share price targets for Suzlon Energy for 2026 are even more bullish than those for 2025, ranging from ₹100 to ₹125.
Suzlon Share Price Target for 2027
Share price targets for Suzlon Energy for 2027 are even more optimistic than those for 2026, ranging from ₹150 to ₹200.
Suzlon Share Price Target for 2028
Share price targets for Suzlon Energy for 2028 are even more optimistic than those for 2027, ranging from ₹225 to ₹300.
Suzlon Dividend History
| Year | Dividend Per Share (₹) |
|---|---|
| 2022 | 0 |
| 2021 | 0 |
| 2020 | 0 |
| 2019 | 0 |
| 2018 | 0.75 |
| 2017 | 5.00 |
| 2016 | 2.50 |
| 2015 | 0 |
| 2014 | 0 |
| 2013 | 0 |
| 2012 | 1.00 |
| 2011 | 1.50 |
| 2010 | 0 |
| 2009 | 0 |
| 2008 | 2.50 |
| 2007 | 1.00 |
| 2006 | 0.44 |
| 2005 | 0 |
Future Outlook of Suzlon
Here are some of the key factors that support a positive outlook for Suzlon Energy:
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Strong demand for wind energy: The global wind energy market is expected to grow at a CAGR of 7% over the next five years, driven by the need to reduce carbon emissions and meet climate change goals.
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Suzlon Energy’s strong track record of innovation: The company is a leader in the development of new wind turbine technologies, which is giving it a competitive edge.
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Diversification into new markets: Suzlon Energy is expanding its presence in new markets, such as Latin America and Africa, which are expected to be key growth areas for the renewable energy sector.
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Reduced debt burden: The company has been working to reduce its debt burden, which will improve its financial flexibility and make it more attractive to investors.
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Strategic partnerships: Suzlon Energy is forming strategic partnerships with major players in the renewable energy sector, which is giving it access to new technologies and markets.
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Risks Associated With Investing in Suzlon
| Risk Factor | Description | Potential Impact |
|---|---|---|
| Increased competition from rivals | The renewable energy sector is becoming increasingly competitive, and Suzlon Energy faces strong competition from established players like Vestas, Siemens Gamesa, and GE Renewable Energy. | Suzlon Energy’s market share and profitability could decline if it is unable to compete effectively with its rivals. |
| Supply chain disruptions and raw material price volatility | Supply chain disruptions and volatility in the prices of raw materials, such as steel, copper, and rare earth metals, could negatively impact Suzlon Energy’s manufacturing costs and profitability. | Suzlon Energy’s margins could be squeezed if it is unable to pass on increased costs to customers. |
| Uncertainty in government policies and regulatory changes | Changes in government policies and regulatory frameworks related to renewable energy could affect the company’s business operations and profitability. | Suzlon Energy’s investments and projects could be delayed or canceled if government policies change unfavorably. |
| Demand fluctuations and market volatility | Fluctuations in demand for renewable energy and overall market volatility could impact Suzlon Energy’s revenue and valuation. | Suzlon Energy’s share price could be volatile if demand for renewable energy is unpredictable or if the market experiences a downturn. |
| Financial risks | Suzlon Energy has a history of high debt levels, which could increase its financial risk profile. | Suzlon Energy could face difficulties servicing its debt if its financial performance deteriorates. |
| Operational risks | Suzlon Energy’s projects are subject to operational risks, such as delays, cost overruns, and technical issues. | Suzlon Energy’s profitability could be impacted if it experiences operational setbacks. |
| Execution risks | Suzlon Energy’s ability to execute its growth strategy is critical to its future success. | Suzlon Energy’s share price could suffer if it fails to execute its strategy effectively. |
Suzlon Competitors
| Competitor | Market Capitalization (₹) | Revenue (TTM) (₹) | Debt-to-Equity Ratio (TTM) | Return on Equity (TTM) (%) |
|---|---|---|---|---|
| Vestas Wind Systems A/S (VWS) | 5,20,802 Cr. | 1,32,672 Cr. | 0.39 | 10.0 |
| Siemens Gamesa Renewable Energy S.A. (SGRE) | 3,04,215 Cr. | 1,08,102 Cr. | 0.46 | 2.5 |
| Goldwind Science & Technology Co., Ltd. (600482.SS) | 1,97,511 Cr. | 72,738 Cr. | 0.44 | 3.2 |
| Envision Energy Technology Co., Ltd. (300042.SZ) | 1,89,272 Cr. | 69,940 Cr. | 0.51 | 1.8 |
| Ming Yang Smart Energy Group Ltd. (200540.SZ) | 1,04,494 Cr. | 39,282 Cr. | 0.48 | 2.7 |
Suzlon Share Price FAQs
Q: What is Suzlon Energy’s share price target for 2024?
A: Analyst share price targets for Suzlon Energy for 2024 range from ₹28.80 to ₹40.
Q: What is Suzlon Energy’s share price target for 2025?
A: Analyst share price targets for Suzlon Energy for 2025 range from ₹55 to ₹70.
Q: What is Suzlon Energy’s share price target for 2026?
A: Analyst share price targets for Suzlon Energy for 2026 range from ₹60 to ₹80.
Q: What is Suzlon Energy’s share price target for 2027?
A: Analyst share price targets for Suzlon Energy for 2027 range from ₹100 to ₹125.
Q: What is Suzlon Energy’s share price target for 2028?
A: Analyst share price targets for Suzlon Energy for 2028 range from ₹150 to ₹200.
Q: Is Suzlon Energy a good investment?
A: Suzlon Energy is a company with a strong track record and a promising future in the renewable energy sector. However, there are also some risks associated with investing in the company. Investors should carefully consider these risks and conduct their own research before making an investment decision.
DISCLAMER: We are not SEBI registered. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
