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SUZLON - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.1

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 4.1

Stock Code SUZLON Market Cap 57,290 Cr. Current Price 42.0 ₹ High / Low 74.3 ₹
Stock P/E 18.4 Book Value 5.37 ₹ Dividend Yield 0.00 % ROCE 36.2 %
ROE 45.6 % Face Value 2.00 ₹ DMA 50 45.4 ₹ DMA 200 52.6 ₹
Chg in FII Hold 1.03 % Chg in DII Hold -0.91 % PAT Qtr 298 Cr. PAT Prev Qtr 1,328 Cr.
RSI 43.4 MACD -1.38 Volume 6,10,33,264 Avg Vol 1Wk 8,48,27,781
Low price 38.2 ₹ High price 74.3 ₹ PEG Ratio 0.29 Debt to equity 0.01
52w Index 10.7 % Qtr Profit Var -24.1 % EPS 2.28 ₹ Industry PE 33.0

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT dropped sharply from ₹1,328 Cr. to ₹298 Cr. (-24.1%), showing earnings volatility.
  • Margins: ROE at 45.6% and ROCE at 36.2% reflect exceptional profitability and efficiency.
  • Debt: Debt-to-equity ratio of 0.01 indicates negligible leverage, ensuring strong financial stability.
  • Cash Flow: Supported by renewable energy demand, though quarterly fluctuations remain high.

💹 Valuation Indicators

  • P/E Ratio: 18.4 vs Industry PE of 33.0 → undervalued compared to peers.
  • P/B Ratio: Current Price ₹42 vs Book Value ₹5.37 → ~7.8x, reflecting premium valuation relative to book.
  • PEG Ratio: 0.29 → indicates undervaluation relative to growth potential.
  • Intrinsic Value: Estimated fair value near ₹45–50, suggesting current price is close to fair value.

🌱 Business Model & Competitive Advantage

  • Leading renewable energy company specializing in wind turbine manufacturing and services.
  • Competitive advantage lies in scale, technology expertise, and strong domestic presence.
  • Beneficiary of global and domestic push toward clean energy adoption.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive between ₹38–42, aligning with current levels and intrinsic value.
  • Long-Term Holding: Suitable for investors seeking exposure to renewable energy; hold for 5+ years to benefit from industry growth.

✅ Positive

  • Exceptional ROE (45.6%) and ROCE (36.2%) highlight strong efficiency.
  • Low debt-to-equity ratio (0.01) ensures financial resilience.
  • FII holdings increased (+1.03%), showing foreign investor confidence.

⚠️ Limitation

  • Quarterly PAT decline (-24.1%) indicates earnings volatility.
  • P/B ratio (~7.8x) reflects premium valuation relative to book value.
  • High dependence on renewable energy policy support and subsidies.

📉 Company Negative News

  • Sharp decline in quarterly profits from ₹1,328 Cr. to ₹298 Cr.
  • DII holdings decreased (-0.91%), showing reduced domestic institutional confidence.

📈 Company Positive News

  • Strong ROE and ROCE metrics despite profit decline.
  • FII holdings increased, reflecting foreign investor trust.
  • Beneficiary of renewable energy demand and government clean energy initiatives.

🏭 Industry

  • Renewable energy industry is growing rapidly, driven by global climate commitments.
  • Industry PE at 33.0 shows sector is valued higher than Suzlon’s current P/E, indicating undervaluation.
  • Government policies and global ESG focus support long-term demand for wind energy solutions.

🔎 Conclusion

Suzlon demonstrates strong fundamentals with exceptional ROE, ROCE, and negligible debt, making it financially resilient. Despite short-term profit volatility, the stock trades at an undervalued P/E compared to the industry, supported by renewable energy demand. Entry around ₹38–42 offers favorable risk-reward. Long-term investors can hold for 5+ years to benefit from clean energy growth, though earnings volatility and policy dependence remain key risks.

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