Is Suzlon Energy a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Suzlon Energy Ltd is a below average quality company .

Is Suzlon Energy undervalued or overvalued?

The key valuation ratios of Suzlon Energy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Suzlon Energy share price return in the past 10 years?

Suzlon Energy Ltd share price has appreciated 17.5% annually (CAGR) over the past ten years.

Is Suzlon Energy a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suzlon Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Suzlon Energy Ltd - Stock Valuation and Financial Performance

Name: Suzlon Energy
Brand: Suzlon Energy

BSE: 532667 | NSE: SUZLON | Electric Equipment | Mid Cap

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Suzlon Energy Share Price

₹65.46 3.11 4.99%
as on 21-Nov'24 16:59

10 Year X-Ray of Suzlon Energy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-40.2%	12.8%	18.5%	0.9%	-173.2%	-310.5%	48.2%	-23%	126.4%	8%	-
Value Creation Index ⓘ	NA	-0.1	0.4	-0.9	NA	NA	NA	NA	8.4	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,270	5,942	9,246	5,977	2,544	376	1,247	4,040	3,590	3,860	5,164
Sales YoY Gr.	-	161.7%	55.6%	-35.4%	-57.5%	-85.2%	231.8%	223.9%	-11.1%	7.5%	-
Adj EPS ⓘ	-14.6	0.9	2.1	-1.9	-12.7	-5.2	-1	-0.9	0.3	0.1	0.2
YoY Gr.	-	NA	146.5%	-188.2%	NA	NA	NA	NA	NA	-81.8%	-
BVPS (₹) ⓘ	-4.1	1	1.8	0.5	-12.1	-17.7	-4.6	-4.1	1.2	2.6	2.9
Adj Net Profit ⓘ	-5,899	469	1,162	-1,086	-7,344	-3,016	-960	-900	413	85.9	300
Cash Flow from Ops. ⓘ	-14.8	1,555	2,801	-796	450	-1,257	-161	-74.5	-17.2	-596	-
Debt/CF from Ops. ⓘ	-742.2	4	2.2	-9.2	15.1	-9.5	-29.7	-57.2	-135.6	-1.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.1%	8.7%	45.7%	7.5%
Adj EPS ⓘ	NA	NA	NA	-81.8%
BVPSⓘ	NA	NA	NA	126.7%
Share Price	17.5%	96.9%	117.8%	66.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-398.2	126.6	142.9	-157.9	220.2	34.9	13.5	22.9	-33.4	3.4	8
Op. Profit Mgn % ⓘ	-15.1	12.3	18.6	12.3	-5.3	-186.6	-8	2.2	2.5	5.9	7.5
Net Profit Mgn % ⓘ	-259.8	7.9	12.6	-18.2	-288.8	-802.3	-76.9	-22.3	11.5	2.2	5.8
Debt to Equity ⓘ	-6.6	11.3	6.3	23.9	-1	-1.2	-1.1	-1	1.6	0.2	0.2
Working Cap Days ⓘ	1,802	610	316	486	881	3,753	781	235	314	378	121
Cash Conv. Cycle ⓘ	-119	-58	-47	5	142	1,394	46	-6	13	20	17

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.00%

Sales growth is growing at healthy rate in last 3 years 45.73%

Sales growth is good in last 4 quarters at 55.72%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Suzlon Energy Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.2	0.7
TTM Sales (₹ Cr.)	5,164	7,841
BVPS (₹.) ⓘ	2.9	3.3
Reserves (₹ Cr.) ⓘ	1,153	1,765
P/BV ⓘ	21.91	18.93
PE ⓘ	280.33	88.66

From the Market
52 Week Low / High (₹)	33.83 / 86.04
All Time Low / High (₹)	1.51 / 422.26
Market Cap (₹ Cr.)	85,087
Equity (₹ Cr.)	2,729.3
Face Value (₹)	2
Industry PE ⓘ	90.2

Management X-Ray of Suzlon Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

88.54

100.00

80.77

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Suzlon Energy

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Analyst's Notes

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Key Ratios of Suzlon Energy

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,270	5,942	9,246	5,977	2,544	376	1,247	4,040	3,590	3,860
Operating Expenses ⓘ	2,701	5,350	7,531	5,377	2,791	1,280	1,349	3,972	3,544	3,647
Manufacturing Costs	227	384	550	401	312	191	259	460	390	363
Material Costs	1,695	3,694	5,542	4,118	1,720	381	749	3,094	2,741	2,808
Employee Cost	187	246	415	278	327	271	183	226	253	312
Other Costs ⓘ	592	1,026	1,024	579	432	436	159	192	161	164
Operating Profit ⓘ	-431	592	1,715	600	-248	-904	-102	68	46	213
Operating Profit Margin (%)	-19.0%	10.0%	18.5%	10.0%	-9.7%	-240.0%	-8.2%	1.7%	1.3%	5.5%
Other Income ⓘ	384	782	521	433	499	243	71	64	206	200
Interest ⓘ	1,219	776	931	1,223	944	1,141	983	777	442	226
Depreciation ⓘ	158	421	414	419	439	682	187	185	190	120
Exceptional Items ⓘ	-4,608	187	-536	-546	-6,281	-792	802	-83	2,542	25
Profit Before Tax ⓘ	-6,032	365	356	-1,155	-7,412	-3,276	-398	-913	2,163	93
Tax ⓘ	0	-13	0	1	1	1	0	0	0	0
Profit After Tax	-6,032	378	356	-1,156	-7,413	-3,277	-398	-913	2,163	93
PAT Margin (%)	-265.0%	6.4%	3.8%	-19.3%	-291.0%	-871.0%	-31.9%	-22.6%	60.2%	2.4%
Adjusted EPS (₹)	-14.9	0.7	0.7	-2.0	-12.8	-5.7	-0.4	-0.9	1.8	0.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	-1,671	551	967	308	-7,023	-10,278	-4,224	-4,124	1,419	3,578
Share Capital ⓘ	742	1,004	1,005	1,064	1,064	1,064	1,702	1,843	2,454	2,722
Reserves ⓘ	-2,413	-453	-37	-756	-8,087	-11,342	-5,925	-5,967	-1,035	856
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	9,020	5,984	6,014	7,130	5,101	8,914	4,493	3,775	2,009	636
Long Term Debt	5,592	4,287	4,039	3,363	1,843	654	4,293	3,775	2,009	636
Short Term Debt	3,428	1,697	1,976	3,767	3,258	8,261	200	0	0	0
Trade Payables	2,748	3,321	4,655	2,434	1,793	1,158	1,372	1,816	1,062	1,939
Others Liabilities ⓘ	5,658	2,435	2,590	2,969	8,652	5,929	3,720	4,209	1,558	1,012
Total Liabilities ⓘ	15,754	12,292	14,226	12,841	8,523	5,723	5,362	5,675	6,048	7,165
Fixed Assets
Gross Block	1,729	1,965	2,629	2,706	3,066	3,186	3,207	2,142	1,832	1,912
Accumulated Depreciation	1,142	219	873	1,277	1,699	2,328	2,482	1,491	1,335	1,351
Net Fixed Assetsⓘ	588	1,746	1,755	1,429	1,367	858	725	650	497	562
CWIP ⓘ	20	179	128	292	140	117	100	12	4	7
Investmentsⓘ	2,752	2,719	3,648	2,878	2,009	1,782	1,781	1,752	1,754	1,756
Inventories	611	1,332	2,276	1,552	1,180	897	862	1,167	760	1,188
Trade Receivables	1,580	1,881	2,307	1,892	1,091	425	379	668	546	1,116
Cash Equivalents	67	94	153	447	16	36	194	410	291	263
Others Assetsⓘ	10,136	4,342	3,958	4,351	2,720	1,608	1,322	1,016	2,195	2,273
Total Assets ⓘ	15,754	12,292	14,226	12,841	8,523	5,723	5,362	5,675	6,048	7,165

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-15	1,555	2,801	-796	450	-1,257	-161	-74	-17	-596
PBT ⓘ	-1,424	365	356	-1,155	-7,412	-3,276	-398	-913	2,163	93
Adjustment ⓘ	1,586	815	1,819	1,840	7,350	2,561	321	1,197	-2,005	185
Changes in Working Capital ⓘ	-179	357	631	-1487	510	-540	-87	-359	-173	-874
Tax Paid ⓘ	2	18	-4	6	1	-2	3	1	-2	-1
Cash Flow From Investing Activity ⓘ	-566	2,155	-1,847	32	534	-3,503	518	1,180	408	377
Capex	-38	-471	-356	-231	-197	-97	-21	-40	15	-168
Net Investments	-250	159	-185	510	20	25	0	0	64	45
Others ⓘ	-278	2,467	-1,306	-248	710	-3,431	539	1,220	329	500
Cash Flow From Financing Activityⓘ	588	-3,685	-898	1,058	-1,414	4,780	-199	-889	-510	192
Net Proceeds from Shares ⓘ	8	1,800	0	0	0	0	342	-200	1,080	2,065
Net Proceeds from Borrowing ⓘ	-124	-2,782	-431	-57	-169	-26	-141	-376	-1,174	-1,777
Interest Paid ⓘ	-508	-696	-660	-677	-737	-320	-369	-312	-401	-90
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	1,212	-2,006	193	1,791	-509	5,126	-31	0	-14	-6
Net Cash Flow ⓘ	7	25	56	293	-431	20	157	216	-119	-28

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	0	46.85	-181.3	N/A	N/A	N/A	N/A	0	3.74
ROCE (%)	N/A	12.75	18.49	0.92	N/A	N/A	N/A	N/A	126.41	7.98
Asset Turnover Ratio	0.13	0.42	0.7	0.44	0.24	0.05	0.23	0.73	0.61	0.58
PAT to CFO Conversion(x)	N/A	4.11	7.87	N/A	N/A	N/A	N/A	N/A	-0.01	-6.41
Working Capital Days
Receivable Days	251	106	83	128	214	736	118	47	62	79
Inventory Days	109	60	71	117	196	1,008	257	92	98	92
Payable Days	662	300	263	314	449	1,412	617	188	192	195

Suzlon Energy Ltd Stock News

Suzlon Energy Ltd FAQs

What is the share price of Suzlon Energy?

Company share prices are keep on changing according to the market conditions. The closing price of Suzlon Energy on 21-Nov-2024 16:59 is ₹65.46.

What is the market cap of Suzlon Energy?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Suzlon Energy stood at ₹85,087.

What is the P/E ratio of Suzlon Energy?

The latest P/E ratio of Suzlon Energy as of 21-Nov-2024 16:59 is 280.3.

What is the P/B ratio of Suzlon Energy?

The latest P/B ratio of Suzlon Energy as of 21-Nov-2024 16:59 is 21.91.

What is the 52-week high and low of Suzlon Energy?

The 52-week high of Suzlon Energy is ₹86.04 and the 52-week low is ₹33.83.

What is the TTM revenue of Suzlon Energy?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suzlon Energy is ₹5,164 ( Cr.) .

About Suzlon Energy Ltd

Suzlon energy is leader in wind energy in the India, which is world’s fifth largest wind energy market .The company, which was established in 1995, now has global presence. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery & operations and maintenance of wind turbine generators around the world. It is Asia’s strongest growing fully integrated wind power company and ranks amongst the top ten in the world. The company, in just a decade of its operation, has installed over 3 Gigawatt of wind turbine capacity in projects around the world. Suzlon’s emphasis on higher efficiency, reduced stresses, power quality, high performance and reliability, low operation costs, and increased safety delivering high performance turbines ensuring increased returns on investment.

Business area of the company

Suzlon is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy over the world. It has state of the art R & D centers & training campuses in India. It believes in combining global experience with local expertise to maximize techno-economic value for their clients. It offers turbines in customized versions for installation in accordance to climate ranging from hot, dry deserts to humid coasts, to near-freezing plains.

Products

Suzlon S111 Wind Turbine: The S111 Wind Turbine Generator with a rotor diameter of 111.8 metres has been designed for higher energy generation and better return on investment.

Suzlon S120 Wind Turbine: Built on the highly successful 2.1 MW platform. With S120, Suzlon has yet again redefined the benchmark and built a world-class product specifically for low wind sites found commonly in India.

Suzlon S128 Wind Turbine: India’s largest wind turbine with hub-height of 140M and swept area of more than 13,000 sq. mts, the S128 is shifting the paradigm in market.

Awards

2013-14

Top 100 CISO Awards 2013: Suzlon received the ''Top 100 CISO Award'' for its OMS Information security project
Asian Brand and Leadership Summit 2013: Tulsi R. Tanti receives Asia’s Most Influential Leader Award and Suzlon receives the award for being Asia’s Most Promising Brand for 2012-2013 at the Asian Brand and Leadership Summit 2013, initiated by WCRC

2014-15

Central Board of Irrigation and Power (CBIP) Award: Suzlon received the CBIP award for Best Wind Power Equipment Manufacturer and Turnkey Supplier under the Renewable Energy Institutions category for its outstanding contribution in the development of the renewable energy sector, particularly relating to manufacturing of latest state-of-the-art wind power equipment and turnkey projects besides providing consultancy and O&M
CII-ITC Sustainability Award: Suzlon is awarded the prestigious CII-ITC Sustainability Award as a recognition for its commitment towards deploying CSR policies and processes within an organization. The award is a part of the continued efforts of CII-ITC Centre of Excellence for Sustainable Development to create awareness, promote policy and practices, and create capacity to mainstream sustainability practices
Thomas Reuters India Innovation Award 2014: Suzlon won the Thomson Reuters India Innovation Awards 2014 in the Corporate HiTech category in recognition for its innovation and entrepreneurship in India. The award honors the most innovative academic institutions and commercial enterprises headquartered in India for their spirit of innovation in R&D as it relates to Indian patent publications.

2015-16

Make in India Awards for Excellence 2015: Suzlon declared as one of the winners for the prestigious 'Make In India Awards for Excellence - 2015' under the category of Energy at an award ceremony that took place on 18th August 2015 at Mahatma Mandir, Gandhidham

2016-17

Thomson Reuters India Innovation Awards 2016: Suzlon featured in the list of the top 50 Indian innovators of 2015 at the Thomson Reuters India Innovation Awards 2015
Wow Awards Asia 2016: Tech Vision 2020, a mega event hosted by Suzlon in January 2016, for its customers and investor groups has won two silver awards - Corporate Meeting of the Year, and Corporate Conference of the Year
Renewable Energy India (REI) Awards 2016: Tulsi Tanti, Chairman, Suzlon Group, wins Industry Man of Year award
SWITCH Awards 2016: Suzlon wins the prestigious SWITCH Awards in the following categories:- SWITCH Lifetime Achievement Award to Tulsi Tanti and SWITCH 1st Runner Award for Best Stall in large category
IWEF Awards 2016: Suzlon is honoured with the following awards by IWEF:- IWEF Award for Wind Turbine Tower Technology Company of the Year, and IWEF Runner Up Award for Wind Turbine Manufacturer of the Year.

2019-18

Suzlon Global Services Limited wins 1st Prize at the prestigious IMC Ramkrishna Bajaj National Quality Award

2019-20

Suzlon Won Digital Transformer Award, Operating Model Master Award and Talent Accelerator Award at the 3rd Annual 2019 International Data Corporation (IDC) Digital Transformation Awards (Dxa).

Milestones

1995:

Suzlon was formed with the idea of giving customers a complete package of wind energy services.

1995-2000:

Suzlon commissioned its first 0.27MW WTG for Indian Petrochemicals Ltd in Gujarat.
It commissioned WTGs in the state of Maharashtra and Tamil Nadu.
The company crossed the 100MW installed-capacity mark in this period.
Suzlon also commissioned its first 1MW WTG for the then Tata Group Company, Niskalp Investments in the year 2000.

2001-2005:

It commenced operations in the USA and Germany through wholly owned subsidiaries Suzlon Wind Energy Corp, and Suzlon Energy GmbH respectively.
A representative office was opened in Beijing.
Suzlon Energy (Australia) was formed and commenced operations as a wholly owned subsidiary.
Suzlon Energy A/S, Denmark was formed as a wholly owned subsidiary.
Flags off Suzlon's first export order to the USA in 2002

2006-2010

Suzlon was listed on the Bombay Stock Exchange and the National Stock Exchange.
In 2005, Suzlon achieved a new milestone in its growth by crossing the 1GW installed capacity mark in India.
Suzlon achieved the superbrand status - a testament to its leadership and technological innovation.
Suzlon became the only power company in India, the sole renewable energy company in Asia and the lone wind power company in the world to achieve this status.
It also ranked 5 in the world among WTG manufacturers in terms of installed capacity.

2011-2015

The company produced a variant - the S97 2.1MW wind turbine generator (WTG), built with a hybrid tower (lattice/tubular combination) and a hub-height of 120 meters in 2012.
The S111 2.1MW WTG suite, part of the S9X series, also received certification from TÜV NORD for its 50 Hz and 60 Hz variants in 2015. This certification was awarded for conforming to standards and regulations for design, testing, and manufacturing of the WTG.
In 2015, Suzlon signed definitive agreements with Dilip Shanghvi Family and Associates (DSA) for equity investments of Rs 1,800 crore in Suzlon Energy Limited for equity infusion to accelerate growth.
It commissioned its 10,000th WTG at the Artilleros wind farm in Uruguay.
Suzlon’s landmark initiatives, Pure Air Lovers' Society (PALS) and a state-of-the-art training centre for wind technicians in North America were successful in their objectives - creating a community of people supporting wind energy in the case of PALS and preparing for future manpower needs in the latter case.

2016 -17

Inaugurates Suzlon’s rotor blade manufacturing unit at Badnawar, Ratlam
Suzlon achieves landmark milestone of 10,000 MW of wind energy installation in India
Suzlon’s first S111 120m 2.1MW Wind Turbine Generator achieves 42% Plant Load Factor

2017-18