One of the renewable energy stocks engaged in manufacturing wind turbine generators (WTGs) and components and also leading global renewable energy solutions providers. The stock has jumped 3.96 percent after partnering with Jindal Renewables to expand an additional 302.4 MW wind project to accelerate India’s green steel production.
Stock Price Movement:
With a market capitalization of Rs. 93,040.01 crores, the shares of Suzlon Energy Limited were opened at Rs. 65.98 per equity share, rising nearly around 3.96 percent from its previous day’s close price of Rs. 65.41. The stock is currently trading at Rs 68.18 per equity share.
What Happened:
Suzlon Energy has expanded its partnership with Jindal Renewables by securing an additional 302.4 MW wind power project in Karnataka, specifically in the Koppal region. The partnership brings the total cumulative order from Jindal Renewables to 702.4 MW, marking Suzlon’s largest-ever commercial and industrial (C&I) order from a single customer.
The project aims to support India’s green steel production, contributing to sustainable energy growth. This order follows a 400 MW wind project secured last month, highlighting the heightening collaboration between Suzlon and Jindal Renewables. Suzlon’s total order book now stands at a record 5.4 GW, with 56% of it coming from C&I customers.
Order Book of Suzlon:
Suzlon Energy plans to complete its full 5.1 GW order book within 18-24 months. The supply for NTPC orders is expected to start by Q2 FY25, with major deliveries scheduled to begin in Q4 FY25. This will ensure strong order fulfillment momentum, extending into FY26.
Future Developments:
Suzlon Energy has secured a 1.166 GW wind order from NTPC Green, bringing its order book to over 5 GW. The acquisition of Renom strengthens its position in multi-brand O&M, boosting fleet size and profitability.
Suzlon plans to increase its manufacturing capacity to 4.5 GW by FY25. The company aims to sustain healthy margins in both its WTG and OMS businesses.
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Market Leader:
Suzlon Energy Limited holds a market leader position with a 32% market share in the wind energy sector. As of 2024, the company has achieved a global installed wind energy capacity of 20.8 GW, further solidifying its dominance in the industry.
Recent quarter results and ratios:
Suzlon Energy Limited’s revenue has increased from Rs. 1,421 crore in Q2 FY24 to Rs. 2,103 crore in Q2 FY25, which has grown by 47.99 percent. The net profit of Suzlon Energy Limited has also grown by 97.06 percent from Rs. 102 crore in Q2 FY24 to Rs. 201 crore in Q2 FY25.
Suzlon Energy Limited’s revenue and net profit have grown at a CAGR of 24.96 percent and 85.14 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 24.9 percent and 28.8 percent, respectively. The debt-to-equity ratio of the company is to be 0.06x, which shows the company is almost debt-free. Suzlon Energy Limited’s EPS is to be Rs. 0.71.
Company Overview:
Suzlon Energy Limited was founded in 1995 and headquartered in Pune. The company is a leading Indian multinational in renewable energy, specializing in wind energy solutions. The company manufactures wind turbine generators (WTGs) and components, with products like the S144, S133, and S120 models offering varying capacities and higher generation efficiency.
The company operates in 17 countries across multiple continents, Suzlon also provides services such as operations and maintenance, digitalization, and multi-brand O&M services, positioning itself as a major player in the global wind energy market.
Written By – Nikhil Naik
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