Arthneeti

Suzlon Energy Q1 FY27 Share Price & Earnings Call Analysis

₹36.79-1.37% today
Market cap
₹50,167 Cr
P/E
15.95
ROE
39.67%
PEG
0.11
Price to sales
2.88
Debt to equity
0.06
52W high / low
₹60.0 / ₹36.4
Sales growth (5Y)
37.98%
EBITDA margin
17.32%
Net profit margin
18.45%
Promoter holding
11.70%
Sales (last year)
₹17,429 Cr

Suzlon Energy Limited is a wind-first group spanning turbine technology/manufacturing, project development/execution, and renewable-asset O&M. It has installed 22+ GW across 17 countries; key subsidiaries include Suzlon Global Services, SE Forge, and Renom. [1]

Guidance scorecard · Q1 FY27 call

What Suzlon Energy Ltd's management guided
and where it ranks in Electrical Equipment

#20of 58 in
Electrical Equipment
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Suzlon targets 10 GW renewable energy sales by FY31, including wind, solar, and BESS (Investor Day presentation).
  • Current capacity is 4.5 GW, with plans to ramp up through investments in new plants and higher-capacity turbines (3 MW to 5 MW and beyond).
  • 7.5 GW of wind sales are anticipated by FY31, with capacity expansion and product migration driving growth.
  • Suzlon expects 25% CAGR over the next 5 years as part of its Suzlon 2.0 strategy.
  • Repowering opportunities in India are significant (~25 GW potential), providing additional growth avenues.
  • BESS capacity target is 3.1 GW by FY31 via strategic partnerships.
  • Volume ramp-up will help reduce unit costs and optimize margins.

2 more points from Suzlon Energy Ltd's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Suzlon Energy Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Capex guidance remains around INR 700 crores, plus or minus INR 100 crores, depending on timing and permits.
  • Investments support growth and capacity expansion, including AI-enabled blade factories for the 5-megawatt series.
  • All current capex investments are in India; manufacturing for global markets but no foreign investments yet.
  • Separate from capex, there is expected investment of INR 500 crores in the revolving RE DevCo model for land and connectivity.
  • Investments also focus on new plants, technology development for new prototypes for domestic and international markets, and marketing for export expansion.

2 more points from Suzlon Energy Ltd's call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Suzlon Energy Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Suzlon's order book stands at a healthy 6.1 gigawatts, reaffirming its market leadership.
  • In the first 4 months of FY27, approximately 1 gigawatt of orders have already been secured.
  • Around 60% of new orders are coming from the DevCo model, indicating strong market acceptance.
  • The company has a strong pipeline of opportunities in domestic and international markets including Europe, Australia, Latin America, and Southeast Asia.

2 more points from Suzlon Energy Ltd's call on the order book

Create a free account to keep reading this call

Full Q1 FY27 analysis
Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Suzlon Energy Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

Sign up free to see every company in the sector ranking and track Suzlon Energy Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of Suzlon Energy Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Suzlon Energy Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +13.28%13.28%13.26%13.25%13.25%13.25%11.75%11.73%11.73%11.73%11.70%11.70%
FIIs +17.83%19.57%21.53%23.72%22.87%23.04%23.02%22.70%23.73%23.85%24.15%23.63%
DIIs +6.16%6.30%9.16%9.02%9.31%8.73%10.17%10.14%9.23%9.18%11.12%10.24%
Public +62.74%60.85%56.03%54.02%54.56%54.98%55.07%55.40%55.29%55.23%53.02%54.44%
No. of Shareholders35,12,04043,55,16941,96,13349,94,34554,68,87156,74,61956,04,61056,36,24056,35,38956,95,35455,36,34555,99,016

Financials of Suzlon Energy Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,4211,5602,1962,0222,1032,9753,7903,1323,8714,2365,4933,8294,876
Expenses +1,1961,3131,8391,6521,8092,4753,0962,5333,1503,4984,5293,2344,156
Operating Profit225248357370294500693599721738964595720
OPM %16%16%16%18%14%17%18%19%19%17%18%16%15%
Other Income +-289-1623182835332723973332
Interest44144445567085103110114135134123
Depreciation5139444654669370758093106111
Profit before tax102203253302202391551459562567833389518
Tax %0%0%-0%0%0%1%-114%29%-127%21%-34%22%24%
Net Profit +1022032543022013881,1813241,2794451,114305394
EPS in Rs0.080.150.190.220.150.290.870.240.940.330.820.220.29

Financials of Suzlon Energy Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +19,9549,48312,7148,1165,0252,9733,3466,5825,9716,52910,89016,73218,434
Expenses +25,7039,76710,2357,1405,0483,8292,8095,6825,1375,4929,02613,70715,417
Operating Profit-5,749-2832,479977-23-8565379008331,0371,8633,0253,018
OPM %-29%-3.0%20%12%-0.5%-29%16%14%14%16%17%18%16%
Other Income +-1942,56310955592-42823952,739-2497178186
Interest2,0651,3041,2881,5811,2701,367996735421164255462506
Depreciation809392389342342419258260260190259318390
Profit before tax-8,816584912-391-1,543-2,68410502,8926591,4472,4222,308
Tax %4%-4%1%-0%-1%0%4%41,648%0%-0%-43%-31%
Net Profit +-9,133583852-384-1,537-2,692104-1772,8876602,0723,1632,259
EPS in Rs-19.950.941.38-0.57-2.32-4.010.10-0.172.280.491.532.331.66
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Suzlon Energy Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital7421,0041,0051,0641,0641,0641,7021,8432,4542,7222,7322,7452,751
Reserves-8,064-8,537-7,846-8,031-9,562-12,047-5,045-5,369-1,3551,1993,3746,7197,526
Borrowings +17,81111,41411,11411,99611,55213,2106,9256,4651,938150323556673
Other Liabilities +11,2435,8427,8876,0925,8164,3033,0193,5352,4863,1086,5318,8509,056
Total Liabilities21,7319,72312,16011,1218,8716,5306,6016,4755,5237,17912,96018,86920,006
Fixed Assets +5,8431,5731,6651,4631,5201,3581,1661,0598668861,7802,2962,420
CWIP35623320635322912210720620105190123
Investments2663936706720202300843217314
Other Assets +15,2667,5249,6199,2377,1025,0305,3055,3964,6516,26411,03216,16617,149
Total Assets21,7319,72312,16011,1218,8716,5306,6016,4755,5237,17912,96018,86920,006

Financials of Suzlon Energy Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,119-7391,602-1091,267-9295301,302491801,0921,202
Cash from Investing Activity +-8254,482-643-138125-32-24-1985-152-749-914
Cash from Financing Activity +-199-5,656-1,249492-1,898969-327-1,045-709132343-155
Net Cash Flow95-1,914-290245-5068180238-13360686133
Free Cash Flow429-1,1261,211-7641,020-1,0294821,226477-147724626
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-23%270%67%-17%-5,358%108%96%144%61%10%59%42%

Financials of Suzlon Energy Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days50971041341371681307672102130137
Inventory Days90164168216355400503186176210171152
Days Payable12219323318026525336615586165156172
Cash Conversion Cycle186839170227315266107162148145117
Working Capital Days-96-56-155-100-328-1,4658416661037384
ROCE %-48%11%53%15%-8%-48%10%21%20%25%33%34%

Guidance history

How Suzlon Energy Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedPlannedRising
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →40%+FlatPlanned—Rising
Q2 FY26 call →40%+FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

6out of 100

Momentum score · price trend

6 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−33.7%18%
Last 6 months−34.3%5%
Last 3 months−21.4%15%

The price is 90.6% below its all-time high of ₹398.39 (11 Jan 2008). Stocks more than 20% below their peak have their score halved, so 12 became 6.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Suzlon Energy Ltd: 0.4 × 18 + 0.4 × 5 + 0.2 × 15 = 12, halved to 6 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Suzlon Energy Ltd's management said in earlier quarters

Others in Electrical Equipment this season

  • Yash Highvoltage Ltd (Q2 FY27)

    Current volume growth shows a 40% increase in bushings sold (4,000 units in H1 FY27 vs. Key concall takeaways from Yash Highvoltage Ltd's Q2 FY27 earnings call…

  • Volt.Transform. (Q2 FY27)

    Revenue from operations for the quarter ended 30th September 2026: ₹68,419.19 lakh . Key results statement takeaways from Voltamp Transformers Ltd's Q2 FY27 ear

  • Apar Industries Ltd (Q2 FY27)

    Revenue: ₹3,753 crores (21.1% YoY growth) . Key investor presentation takeaways from Apar Industries Ltd's Q2 FY27 investor presentation — and how it ranks agai

  • Shilchar Technologies Ltd (Q2 FY27)

    Q2FY27 Revenue from Operations: ₹193 crore . Key investor presentation takeaways from Shilchar Technologies Ltd's Q2 FY27 investor presentation — and how it ran

Compare:vs Bharat Heavy Electricals Ltdvs A B Bvs CG Power & Industrial Solutions Ltd