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SUZLON - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 25 May 26, 01:36 am

Fundamental Rating: 4.0

Stock Code SUZLON Market Cap 73,142 Cr. Current Price 53.8 ₹ High / Low 74.3 ₹
Stock P/E 23.5 Book Value 5.37 ₹ Dividend Yield 0.00 % ROCE 36.2 %
ROE 45.6 % Face Value 2.00 ₹ DMA 50 50.5 ₹ DMA 200 51.8 ₹
Chg in FII Hold 0.12 % Chg in DII Hold -0.05 % PAT Qtr 298 Cr. PAT Prev Qtr 1,328 Cr.
RSI 56.9 MACD 1.01 Volume 6,66,64,964 Avg Vol 1Wk 6,36,99,326
Low price 38.2 ₹ High price 74.3 ₹ PEG Ratio 0.36 Debt to equity 0.01
52w Index 43.2 % Qtr Profit Var -24.1 % EPS 2.28 ₹ Industry PE 35.3

📊 Core Financials

  • Revenue & Profit: Quarterly PAT ₹298 Cr. vs ₹1,328 Cr. previous quarter, showing a sharp decline (-24.1%).
  • Margins: ROE at 45.6% and ROCE at 36.2% reflect exceptional efficiency and profitability.
  • Debt: Debt-to-equity ratio of 0.01 indicates negligible leverage, very strong balance sheet.
  • Cash Flow: Stable due to low debt burden, though earnings volatility is evident.

💹 Valuation Indicators

  • P/E Ratio: 23.5 vs Industry PE of 35.3 — trades at a discount, suggesting undervaluation.
  • P/B Ratio: Price ₹53.8 vs Book Value ₹5.37 → ~10.0x, expensive relative to assets.
  • PEG Ratio: 0.36 indicates undervaluation relative to growth.
  • Intrinsic Value: Appears undervalued compared to long-term growth potential.

🌍 Business Model & Advantage

Suzlon Energy is a leading renewable energy company specializing in wind turbine manufacturing and services. Its competitive advantage lies in strong domestic presence, government support for renewables, and low debt structure. However, earnings volatility and global competition remain challenges.

📈 Technicals & Entry Zone

  • RSI at 56.9 indicates neutral momentum.
  • MACD positive (1.01) suggests short-term bullishness.
  • Entry Zone: Attractive accumulation around ₹48–₹52 range.
  • Long-term Holding: Suitable for investors seeking exposure to renewable energy growth, but profit volatility must be monitored.

✅ Positive

  • Strong ROE (45.6%) and ROCE (36.2%).
  • Negligible debt-to-equity ratio (0.01).
  • Trades at a discount to industry PE.

⚠️ Limitation

  • Quarterly PAT dropped sharply from ₹1,328 Cr. to ₹298 Cr.
  • P/B ratio (~10x) signals overvaluation relative to assets.
  • Earnings volatility remains a concern.

📰 Company Negative News

  • Profit variation negative (-24.1%).
  • DII holdings declined (-0.05%).

🌟 Company Positive News

  • FII holdings increased (+0.12%).
  • Strong efficiency metrics (ROE, ROCE).
  • Government support for renewable energy sector.

🏭 Industry

Renewable energy industry PE at 35.3 reflects higher valuations compared to Suzlon’s 23.5. The sector benefits from global clean energy transition, but faces risks from policy changes, competition, and raw material costs.

🔎 Conclusion

Suzlon Energy demonstrates strong efficiency, negligible debt, and undervaluation relative to industry peers. However, earnings volatility and high P/B ratio limit upside. Long-term investors may consider accumulating in the ₹48–₹52 range, aligning with renewable energy growth while being cautious of profit fluctuations.

For deeper insights, you could explore a peer comparison or an industry outlook to complement this analysis.

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