Suzlon Energy Ltd (SUZLON) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.08%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 24.2%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 39.7%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹37.52

200-Day DMA ● Overlay

₹34.80

14-Day RSI ● Overlay

51.7 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹53,071 Cr

Large cap

Stock P/E (TTM) Valuation

16.9x

Price / EPS

Book Value (₹) Assets

₹7.0

P/B: 5.6x

ROE (%) Quality

39.7%

Net Profit / Equity

ROCE (%) Efficiency

34.2%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

0.06x

Low Debt

EPS (TTM) Per Share

₹2.30

Trailing 12M

OPM (%) Spread

17.0%

EBITDA Margin

Free Cash Flow Cash

₹626.00 Cr

CFO - Capex

About Suzlon Energy Ltd

SUZLON ENERGY Ltd (SUZLON) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 12.2% × Turnover: 0.85x × Leverage: 1.06x = ROE: 39.7%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.06.
• Company has a stellar track record of return on equity (ROE of 39.7%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 5.6x its book value.
• Company does not currently distribute regular cash dividends.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹17,429 Cr

Latest PAT

₹3,144 Cr

EPS (TTM)

₹2.30

OPM %

17.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,351 Cr	₹1,421 Cr	₹1,560 Cr	₹2,196 Cr	₹2,022 Cr	₹2,103 Cr	₹2,975 Cr	₹3,790 Cr	₹3,132 Cr	₹3,871 Cr	₹4,236 Cr	₹5,493 Cr	₹3,829 Cr
Operating Profit (EBITDA)	₹199.00 Cr	₹225.00 Cr	₹248.00 Cr	₹357.00 Cr	₹370.00 Cr	₹294.00 Cr	₹500.00 Cr	₹693.00 Cr	₹599.00 Cr	₹721.00 Cr	₹738.00 Cr	₹964.00 Cr	₹595.00 Cr
OPM %	15.0%	16.0%	16.0%	16.0%	18.0%	14.0%	17.0%	18.0%	19.0%	19.0%	17.0%	18.0%	16.0%
Interest Expense	₹62.00 Cr	₹44.00 Cr	₹14.00 Cr	₹44.00 Cr	₹45.00 Cr	₹56.00 Cr	₹70.00 Cr	₹85.00 Cr	₹103.00 Cr	₹110.00 Cr	₹114.00 Cr	₹135.00 Cr	₹134.00 Cr
Depreciation	₹55.00 Cr	₹51.00 Cr	₹39.00 Cr	₹44.00 Cr	₹46.00 Cr	₹54.00 Cr	₹66.00 Cr	₹93.00 Cr	₹70.00 Cr	₹75.00 Cr	₹80.00 Cr	₹93.00 Cr	₹106.00 Cr
Profit before Tax (PBT)	₹101.00 Cr	₹102.00 Cr	₹203.00 Cr	₹253.00 Cr	₹302.00 Cr	₹202.00 Cr	₹391.00 Cr	₹551.00 Cr	₹459.00 Cr	₹562.00 Cr	₹567.00 Cr	₹833.00 Cr	₹389.00 Cr
Net Profit (PAT)	₹101.00 Cr	₹102.00 Cr	₹203.00 Cr	₹254.00 Cr	₹302.00 Cr	₹201.00 Cr	₹388.00 Cr	₹1,181 Cr	₹324.00 Cr	₹1,279 Cr	₹445.00 Cr	₹1,114 Cr	₹305.00 Cr
EPS in ₹	₹0.08	₹0.08	₹0.15	₹0.19	₹0.22	₹0.15	₹0.29	₹0.87	₹0.24	₹0.94	₹0.33	₹0.82	₹0.22

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹19,954 Cr	₹9,483 Cr	₹12,714 Cr	₹8,116 Cr	₹5,025 Cr	₹2,973 Cr	₹3,346 Cr	₹6,582 Cr	₹5,971 Cr	₹6,529 Cr	₹10,890 Cr	₹16,732 Cr	₹17,429 Cr
Expenses	₹25,703 Cr	₹9,767 Cr	₹10,235 Cr	₹7,140 Cr	₹5,048 Cr	₹3,829 Cr	₹2,809 Cr	₹5,682 Cr	₹5,137 Cr	₹5,492 Cr	₹9,026 Cr	₹13,707 Cr	₹14,411 Cr
Operating Profit	-₹5,749 Cr	-₹283.00 Cr	₹2,479 Cr	₹977.00 Cr	-₹23.00 Cr	-₹856.00 Cr	₹537.00 Cr	₹900.00 Cr	₹833.00 Cr	₹1,037 Cr	₹1,863 Cr	₹3,025 Cr	₹3,019 Cr
OPM %	-29%	-3%	20%	12%	-0.5%	-29%	16%	14%	14%	16%	17%	18%	17%
Interest	₹2,065 Cr	₹1,304 Cr	₹1,288 Cr	₹1,581 Cr	₹1,270 Cr	₹1,367 Cr	₹996.00 Cr	₹735.00 Cr	₹421.00 Cr	₹164.00 Cr	₹255.00 Cr	₹462.00 Cr	₹493.00 Cr
Depreciation	₹809.00 Cr	₹392.00 Cr	₹389.00 Cr	₹342.00 Cr	₹342.00 Cr	₹419.00 Cr	₹258.00 Cr	₹260.00 Cr	₹260.00 Cr	₹190.00 Cr	₹259.00 Cr	₹318.00 Cr	₹354.00 Cr
Profit before Tax	-₹8,816 Cr	₹584.00 Cr	₹912.00 Cr	-₹391.00 Cr	-₹1,543 Cr	-₹2,684 Cr	₹105.00 Cr	₹0 Cr	₹2,892 Cr	₹659.00 Cr	₹1,447 Cr	₹2,422 Cr	₹2,352 Cr
Net Profit	-₹9,133 Cr	₹583.00 Cr	₹852.00 Cr	-₹384.00 Cr	-₹1,537 Cr	-₹2,692 Cr	₹104.00 Cr	-₹177.00 Cr	₹2,887 Cr	₹660.00 Cr	₹2,072 Cr	₹3,163 Cr	₹3,144 Cr
EPS in Rs	-19.95	0.94	1.38	-0.57	-2.32	-4.01	0.10	-0.17	2.28	0.49	1.53	2.33	2.31

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹742.00 Cr	₹1,004 Cr	₹1,005 Cr	₹1,064 Cr	₹1,064 Cr	₹1,064 Cr	₹1,702 Cr	₹1,843 Cr	₹2,454 Cr	₹2,722 Cr	₹2,732 Cr	₹2,745 Cr
Reserves & Surplus	-₹8,064 Cr	-₹8,537 Cr	-₹7,846 Cr	-₹8,031 Cr	-₹9,562 Cr	-₹12,047 Cr	-₹5,045 Cr	-₹5,369 Cr	-₹1,355 Cr	₹1,199 Cr	₹3,374 Cr	₹6,719 Cr
Borrowings (Debt)	₹17,811 Cr	₹11,414 Cr	₹11,114 Cr	₹11,996 Cr	₹11,552 Cr	₹13,210 Cr	₹6,925 Cr	₹6,465 Cr	₹1,938 Cr	₹150.00 Cr	₹323.00 Cr	₹556.00 Cr
Total Liabilities	₹21,731 Cr	₹9,723 Cr	₹12,160 Cr	₹11,121 Cr	₹8,871 Cr	₹6,530 Cr	₹6,601 Cr	₹6,475 Cr	₹5,523 Cr	₹7,179 Cr	₹12,960 Cr	₹18,869 Cr
Fixed Assets	₹5,843 Cr	₹1,573 Cr	₹1,665 Cr	₹1,463 Cr	₹1,520 Cr	₹1,358 Cr	₹1,166 Cr	₹1,059 Cr	₹866.00 Cr	₹886.00 Cr	₹1,780 Cr	₹2,296 Cr
Total Assets	₹21,731 Cr	₹9,723 Cr	₹12,160 Cr	₹11,121 Cr	₹8,871 Cr	₹6,530 Cr	₹6,601 Cr	₹6,475 Cr	₹5,523 Cr	₹7,179 Cr	₹12,960 Cr	₹18,869 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹1,119 Cr	-₹739.00 Cr	₹1,602 Cr	-₹109.00 Cr	₹1,267 Cr	-₹929.00 Cr	₹530.00 Cr	₹1,302 Cr	₹491.00 Cr	₹80.00 Cr	₹1,092 Cr	₹1,202 Cr
Cash from Investing (CFI)	-₹825.00 Cr	₹4,482 Cr	-₹643.00 Cr	-₹138.00 Cr	₹125.00 Cr	-₹32.00 Cr	-₹24.00 Cr	-₹19.00 Cr	₹85.00 Cr	-₹152.00 Cr	-₹749.00 Cr	-₹914.00 Cr
Cash from Financing (CFF)	-₹199.00 Cr	-₹5,656 Cr	-₹1,249 Cr	₹492.00 Cr	-₹1,898 Cr	₹969.00 Cr	-₹327.00 Cr	-₹1,045 Cr	-₹709.00 Cr	₹132.00 Cr	₹343.00 Cr	-₹155.00 Cr
Free Cash Flow (FCF)	₹429.00 Cr	-₹1,126 Cr	₹1,211 Cr	-₹764.00 Cr	₹1,020 Cr	-₹1,029 Cr	₹482.00 Cr	₹1,226 Cr	₹477.00 Cr	-₹147.00 Cr	₹724.00 Cr	₹626.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	50	97	104	134	137	168	130	76	72	102	130	137
Inventory Days	90	164	168	216	355	400	503	186	176	210	171	152
Cash Conversion Cycle (Days)	18	68	39	170	227	315	266	107	162	148	145	117
ROCE %	-48%	11%	53%	15%	-8%	-48%	10%	21%	20%	25%	33%	34%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹35.13 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹38.88

DCF Fair Value

₹35.13

Graham Number

₹18.98

Margin of Safety

-28.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹35.13

Premium / Overvalued (Margin: -28.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹34	₹34	₹34	₹33
10%	₹35	₹35	₹34	₹34
12%	₹35	₹35	₹35	₹35
14%	₹36	₹36	₹35	₹35

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹35	Fairly Valued
Benjamin Graham Number	₹19	Market Priced
Historical Sector P/E	₹51	Discounted
EV / EBITDA Multiplier	₹41	In-Line
Free Cash Flow Yield Model	₹38	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 8/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

8 / 9 Pass

Altman Z-Score

5.83 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.06x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 17.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

11.70%

FIIs (Foreign)

24.15%

DIIs (Domestic)

11.12%

Government

0.15%

Public / Retail

53.02%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	13.28%	13.28%	13.28%	13.26%	13.25%	13.25%	13.25%	11.75%	11.73%	11.73%	11.73%	11.70%
+ FIIs (Foreign Portfolio)	10.88%	17.83%	19.57%	21.53%	23.72%	22.87%	23.04%	23.02%	22.70%	23.73%	23.85%	24.15%
+ DIIs (Mutual Funds / Insurance)	9.81%	6.16%	6.30%	9.16%	9.02%	9.31%	8.73%	10.17%	10.14%	9.23%	9.18%	11.12%
+ Public (Retail & HNIs)	65.99%	62.74%	60.85%	56.03%	54.02%	54.56%	54.98%	55.07%	55.40%	55.29%	55.23%	53.02%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Utilities & Power.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

SUZLON Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

SUZLON Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

SUZLON Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹49.77

Accelerated market share capture in Utilities & Power, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹43.55

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 17x P/E.

🐻 Bear Case (15%) -12.0%

₹34.21

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Utilities & Power)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:58 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Suzlon Energy Ltd (SUZLON)	Target Stock	₹38.88	-0.08%	16.9x	39.7%	34.2%	0.06	₹53,071 Cr
Adani Power Ltd (ADANIPOWER)	Sector Peer	₹208.00	+0.97%	26.5x	21.1%	17.2%	0.84	₹3.78 Lakh Cr
NTPC Ltd (NTPC)	Thermal & Renewable Power Generation	₹327.00	-0.53%	11.2x	15.1%	8.9%	1.33	₹3.10 Lakh Cr
Power Grid Corporation of India (POWERGRID)	Interstate Electricity Transmission	₹263.75	+2.25%	14.9x	15.3%	9.1%	1.47	₹2.37 Lakh Cr
Adani Green Energy Ltd (ADANIGREEN)	Sector Peer	₹1,401.70	-3.26%	109.0x	11.4%	7.4%	5.19	₹2.11 Lakh Cr
Bharat Heavy Electricals Ltd (BHEL)	Sector Peer	₹432.00	+2.14%	61.4x	6.2%	9.1%	0.31	₹1.49 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:58:05 IST	✓ Live Sync
Financial Statements (10Y)	Suzlon Energy Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Suzlon Energy Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Suzlon Energy Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Utilities & Power)

Metric Explainer

Stock DNA Methodology

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