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Suzlon Energy
SectorCapital Goods
Suzlon Energy Limited is India's largest renewable energy solutions provider, operating in 17 countries across six continents. The company designs, develops, manufactures, and supplies wind turbine generators (WTGs) and offers comprehensive services across the wind energy value chain. Suzlon has research and development centers in Germany, Denmark, The Netherlands, and India. Its product range includes the S144, S133, and S120 Wind Turbine Generators, with hub heights up to 160 meters. The company provides operations and maintenance services, optimization, digitalization, and multi-brand support. Suzlon Energy has achieved over 20 GW of worldwide wind energy installations and has a strong presence in India's wind power sector through its subsidiaries.
In the news
Suzlon Energy shares surge 12% in 4 sessions, experts cite re-rating potential
Suzlon Energy shares hit 6-month low, down 15% in month amid Q1 challenges
India targets 100 GW wind capacity by 2030: Suzlon's Tanti
Suzlon Energy, Adani Power shares fall on operational issues
Suzlon shareholders approve all AGM resolutions at 31st meeting
Suzlon Energy shares down 7% in month despite 200 MW wind order win
Suzlon Energy shares fall 0.68% despite ₹250 cr Torrent order win
Suzlon inaugurates ₹10,500 crore blade manufacturing unit in AP
Market Experts Share Buy, Sell & Hold Recommendations
BSE Shares Fall 5% After Jefferies Downgrade, Suzlon Gains 5%
CERC allows renewable producers to pay for grid connectivity extension
Solar stocks decline 12-9% in past month amid mixed Q1 results
Suzlon shares fall 12% in month despite US legal victory, strong Q4 results
Solar Stocks Trade Mixed After Premier Energies Reports Strong Q1
Suzlon Energy Shares Rise 2.10% Despite Q1 Margin Pressures
Swiggy Gets Mixed Buy Ratings; Targets ₹350-₹520
Suzlon's Q1 FY27: Revenue Growth Meets Margin Reality
Suzlon Energy Q1 FY27 Results: Prabhudas Lilladher Maintains Buy Rating
NTPC Green, HEG, Eternal rally on strong Q1 earnings amid market weakness
Suzlon wins 201.6 MW wind order from Waaree Forever Energies
The Quarter story
The two most recent quarterly results, compared side-by-side.
Suzlon Energy strengthens its balance sheet and order book while navigating seasonal profit dips and margin pressures.
Order book grew from 5,361 MW in Q1 FY26 to 5,933 MW in Q1 FY27, showing steady demand for wind turbines.
Consolidated EBITDA margin fell from 19.2% in Q1 FY26 to 15.6% in Q1 FY27, signaling ongoing pricing and cost pressures.
Net cash improved from ₹1,620 Cr in Q1 FY26 to ₹2,322 Cr in Q1 FY27, strengthening the company's liquidity position.
Inventories surged from ₹3,991 Cr in Q1 FY26 to ₹5,172 Cr in Q1 FY27, pointing to significant stock buildup ahead of deliveries.
Borrowings eased from ₹311 Cr in Q1 FY26 to ₹277 Cr in Q1 FY27, reflecting active debt reduction.
SE Forge EBITDA dropped from ₹88 Cr in Q3 FY26 to ₹22 Cr in Q1 FY27, reflecting a seasonal slowdown in manufacturing profits.
Net worth expanded from ₹6,542 Cr in Q1 FY26 to ₹9,869 Cr in Q1 FY27, indicating consistent equity growth.
Wind turbine deliveries moderated from 830 MW in Q4 FY26 to 506 MW in Q1 FY27, showing seasonal pacing adjustments.
India OMS EBITDA margin rose from 39.2% in Q1 FY26 to 43.3% in Q1 FY27, highlighting profitable service operations.
Net profit after tax settled from ₹324 Cr in Q1 FY26 to ₹305 Cr in Q1 FY27, indicating typical seasonal earnings normalization.
Company insights, generated from the most recent coverage.
Motilal Oswal's ₹65 target is not an outlier — it matches ICICI Securities at ₹65 and sits above Deven Choksey at ₹64. Its higher implied upside vs the ₹62.23 consensus comes only from that consensus blending older targets, not from a more bullish view.
Broker targets are structurally lagging: Motilal Oswal cut Suzlon from ₹80 (Sep 2025) to ₹74 then ₹65. Targets get revised after price moves, which is why a 65-76% 'upside' can coexist with a stock at 52-week lows.
Targets are anchored on FY28 earnings while the price discounts FY27 execution — Q1 deliveries of 506 MW missed Motilal Oswal's estimate. The gap is a timing disagreement, not a disagreement on the end-state.