The latest trends in Suzlon Energy share price, financial health, and market potential. Explore why Suzlon Energy Ltd’s stock on NSE is buzzing, with insights into debt reduction, new orders, and industry outlook.
Suzlon Energy Share Price: Riding the Renewable Energy Wave
The Suzlon share price has been a hot topic on the NSE Suzlon Energy trading floor, with the stock soaring over 100% in the past year. From near-bankruptcy a decade ago to becoming India’s leading wind turbine manufacturer, Suzlon’s turnaround story is drawing investors. But can this momentum last? Let’s dive into the numbers, news, and nuances shaping Suzlon Energy Ltd share performance.
Suzlon Energy Share Price: Key Financial Snapshot (2024)
Here’s a quick look at Suzlon’s financial metrics:
| Metric | Value |
|---|---|
| Current Price | ₹56.5 |
| Market Cap | ₹76,491 Cr |
| High / Low (52-week) | ₹86.0 / ₹36.8 |
| Stock P/E | 65.4 |
| Book Value | ₹3.32 |
| Dividend Yield | 0.00% |
| ROCE | 24.9% |
| ROE | 28.8% |
| Face Value | ₹2.00 |
| Promoter Holding | 13.25% |
Why Suzlon Energy Share Price is Trending on NSE
1. Debt Reduction: Breathing New Life
Suzlon’s debt restructuring has been a game-changer. By replacing 16 lenders with two government-backed institutions (REC and IREDA), the company slashed debt from ₹13,000 Cr in 2020 to ₹1,938 Cr in 2023. The recent rights issue of ₹1,200 Cr further prepaid debt, boosting investor confidence in Suzlon Energy Ltd share stability.
2. Order Book Boom: 600+ MW in May 2023 Alone
Suzlon bagged four major orders in May 2023:
More Read
- 69 MW from a Nordic energy giant (Economic Times).
- 300 MW from Torrent Power (Moneycontrol).
- 204 MW from Serentica Renewables (Business Standard).
- 25.2 MW from Sri Kumaraswamy Minerals (Livemint).
These orders highlight Suzlon’s dominance in India’s 3 MW turbine segment, crucial for low-wind sites.
3. New Leadership & Strategic Shifts
After founder Tulsi Tanti’s demise in 2022, new CEO JP Chalasani is steering Suzlon toward hybrid projects (wind-solar) and global expansion. The focus on taller turbines (160m) and O&M services (27% of FY22 revenue) adds revenue diversity.
Pros & Cons of Investing in Suzlon Energy Ltd Share
Pros:
Debt-Free Future: Reduced debt from ₹13,000 Cr to ₹1,938 Cr in 3 years. Strong Order Pipeline: 600+ MW orders in May 2023 signal demand. ROCE & ROE Growth: 24.9% ROCE and 28.8% ROE reflect efficient operations.
Cons:
High Valuation: Trading at 17x book value; P/E of 65.4 raises overvaluation concerns. Low Promoter Holding: Just 13.25% promoter stake sparks governance worries. No Dividends: Despite profits, no payouts disappoint income-focused investors.
Latest News Impacting Suzlon Share Price
- Rights Issue Success (March 2024):
Suzlon raised ₹1,200 Cr via rights issues, using ₹316 Cr to cut REC debt. (Business Today) - 160m Turbine Launch (FY23):
India’s tallest turbine targets low-wind regions, expanding market reach. (Hindu BusinessLine) - European Expansion Plans (2024):
Suzlon eyes partnerships in Europe, aiming to revive its global footprint. (ET EnergyWorld) - Q4 Profit Surge (June 2024):
Net profit jumped 136% YoY to ₹388 Cr, driven by higher turbine sales. (Financial Express)
NSE Suzlon Energy: Technical Analysis & Market Sentiment
The Suzlon share price hit a 52-week high of ₹86 in January 2024 but corrected to ₹56.5 by March. Analysts attribute this to profit-booking but remain bullish long-term:
- CLSA rates Suzlon a “Buy” with a ₹90 target, citing India’s 30 GW annual wind capacity goal.
- Motilal Oswal highlights Suzlon’s 33% market share in India’s wind sector as a growth driver.
Long-Term Outlook: Can Suzlon Energy Share Price Multiply by 2030?
Opportunities:
- India’s Renewable Push: Target of 500 GW renewable energy by 2030.
- 3 MW Turbine Demand: 70% of Suzlon’s order book is for 3 MW+ turbines.
- O&M Services: 20+ GW installed base guarantees steady income.
Risks:
- Policy Changes: Subsidy cuts or delayed auctions could hurt margins.
- Global Competition: Siemens Gamesa and Vestas are reclaiming market share.
Final Verdict: Is Suzlon Energy Ltd Share a Buy?
The Suzlon share price rally reflects its debt turnaround and policy tailwinds. While short-term volatility is likely, long-term investors could benefit from India’s renewable energy boom. Keep an eye on quarterly execution and global expansion plans.
For real-time updates on NSE Suzlon Energy, check the NSE Website or track Suzlon’s official announcements.
Internal Links:
External Links:
Disclaimer: This article is for informational purposes only. Consult a financial advisor before investing in Suzlon Energy Ltd share.
