Suzlon Energy Ltd.
•2026-08-21
PROS
- Company has delivered good profit growth of 99.4% CAGR over last 5 years
- Company is almost debt free
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.6%
- Company has a healthy return on capital (ROCE) of 30.6%
- Company has delivered good sales growth of 38.0% CAGR over last 5 years
- Operating margins have improved to 18.1% from 14.3%
CONS
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.40x)
- Effective tax rate is unusually low at -30.6% - earnings may be flattered
- Recurring exceptional / one-off items are inflating headline profit
- Equity base is being diluted - shares outstanding up 11.8%
- Stock is trading at 5.8x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7400.00 | 52.48 | 156812.20 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33550.00 | 0.00 | 149540.28 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3880.10 | 42.19 | 138178.32 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 862.90 | 108.75 | 135945.59 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3483.60 | 0.00 | 124058.14 | 0.11 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4119.00 | 564.77 | 105465.57 | 0.24 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1278.00 | 49.11 | 80202.38 | 0.78 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2688.00 | 20.26 | 77320.68 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16607.65 | 58.86 | 69540.11 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 46.78 | 20.45 | 64302.09 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1254.75 | 0.00 | 30001.58 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | TDPOWERSYS | 1545.45 | 87.80 | 24144.32 | 0.14 | 86.29 | 72.33 | 640.05 | 72.10 | 34.01 | 19.00 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,348 | 1,417 | 1,553 | 2,179 | 2,016 | 2,093 | 2,969 | 3,774 | 3,117 | 3,866 | 4,228 | 5,468 | 3,829 | |
| 1,152 | 1,196 | 1,313 | 1,839 | 1,654 | 1,809 | 2,475 | 3,096 | 2,533 | 3,150 | 3,498 | 4,529 | 3,473 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 11 | 7 | 10 | 11 | 25 | 18 | 28 | 35 | 33 | 27 | 23 | 27 | 33 |
| Interest | 62 | 44 | 14 | 44 | 45 | 56 | 70 | 85 | 103 | 110 | 114 | 135 | 134 |
| Depreciation | 55 | 51 | 39 | 44 | 46 | 54 | 66 | 93 | 70 | 75 | 80 | 93 | 106 |
| 101 | 102 | 203 | 253 | 302 | 202 | 391 | 551 | 459 | 562 | 567 | 833 | 389 | |
| Tax % | 0.15% | 0.15% | 0.04% | -0.49% | 0.06% | 0.49% | 0.91% | -114.24% | 29.38% | -127.46% | 21.43% | -33.74% | 21.63% |
| Net Profit | 0 | 0 | 0 | 0 | 302 | 201 | 388 | 1,181 | 324 | 1,279 | 445 | 1,114 | 305 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | |
| Equity Capital | 2,488 | 2,719 | 2,719 | 2,722 | 2,727 | 2,731 | 2,732 | 2,732 | 2,742 | 2,744 | 2,745 | 2,745 | 2,751 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 2,488 | 2,719 | 2,719 | 2,722 | 2,727 | 2,731 | 2,732 | 2,732 | 2,742 | 2,744 | 2,745 | 2,745 | 2,751 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 1,348
- 1,152
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 62
- Depreciation
- 55
- 101
- Tax %
- 0.15%
- Net Profit
- 0
- 0
- Equity Capital
- 2,488
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,488
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,417
- 1,196
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 44
- Depreciation
- 51
- 102
- Tax %
- 0.15%
- Net Profit
- 0
- 0
- Equity Capital
- 2,719
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,719
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,553
- 1,313
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 14
- Depreciation
- 39
- 203
- Tax %
- 0.04%
- Net Profit
- 0
- 0
- Equity Capital
- 2,719
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,719
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,179
- 1,839
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 44
- Depreciation
- 44
- 253
- Tax %
- -0.49%
- Net Profit
- 0
- 0
- Equity Capital
- 2,722
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,722
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,016
- 1,654
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 45
- Depreciation
- 46
- 302
- Tax %
- 0.06%
- Net Profit
- 302
- 0
- Equity Capital
- 2,727
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,727
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,093
- 1,809
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 56
- Depreciation
- 54
- 202
- Tax %
- 0.49%
- Net Profit
- 201
- 0
- Equity Capital
- 2,731
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,731
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,969
- 2,475
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 70
- Depreciation
- 66
- 391
- Tax %
- 0.91%
- Net Profit
- 388
- 0
- Equity Capital
- 2,732
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,732
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,774
- 3,096
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 85
- Depreciation
- 93
- 551
- Tax %
- -114.24%
- Net Profit
- 1,181
- 1
- Equity Capital
- 2,732
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,732
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,117
- 2,533
- Operating Profit
- —
- OPM %
- —
- Other Income
- 33
- Interest
- 103
- Depreciation
- 70
- 459
- Tax %
- 29.38%
- Net Profit
- 324
- 0
- Equity Capital
- 2,742
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,742
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,866
- 3,150
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 110
- Depreciation
- 75
- 562
- Tax %
- -127.46%
- Net Profit
- 1,279
- 1
- Equity Capital
- 2,744
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,744
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,228
- 3,498
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 114
- Depreciation
- 80
- 567
- Tax %
- 21.43%
- Net Profit
- 445
- 0
- Equity Capital
- 2,745
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,745
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,468
- 4,529
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 135
- Depreciation
- 93
- 833
- Tax %
- -33.74%
- Net Profit
- 1,114
- 1
- Equity Capital
- 2,745
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,745
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,829
- 3,473
- Operating Profit
- —
- OPM %
- —
- Other Income
- 33
- Interest
- 134
- Depreciation
- 106
- 389
- Tax %
- 21.63%
- Net Profit
- 305
- 0
- Equity Capital
- 2,751
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,751
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,714 | 8,116 | 5,025 | 2,973 | 3,346 | 6,582 | 5,971 | 6,529 | 10,890 | 16,732 | 17,391 | |
| 10,532 | 7,160 | 5,102 | 3,833 | 2,811 | 5,754 | 5,149 | 5,500 | 9,094 | 13,709 | 14,650 | |
| Operating Profit | 2,588 | 1,082 | 41 | -832 | 554 | 912 | 852 | 1,067 | 1,961 | 3,132 | — |
| OPM % | 20 | 13 | 1 | -28 | 17 | 14 | 14 | 16 | 18 | 19 | — |
| Other Income | 406 | 126 | 118 | 28 | 20 | 83 | 30 | 39 | 165 | 110 | 110 |
| Interest | 1,288 | 1,581 | 1,270 | 1,367 | 996 | 735 | 421 | 164 | 255 | 462 | 493 |
| Depreciation | 389 | 342 | 342 | 419 | 258 | 260 | 260 | 190 | 259 | 318 | 354 |
| 912 | -391 | -1,543 | -2,684 | 105 | 0 | 2,892 | 659 | 1,447 | 2,422 | 2,352 | |
| Tax % | 1 | 0 | 1 | -0 | 4 | 41,648 | 0 | -0 | -43 | -31 | -34 |
| Net Profit | 900 | -389 | -1,531 | -2,691 | 100 | -166 | 2,887 | 660 | 2,072 | 3,163 | 3,144 |
| EPS | 2 | -1 | -3 | -5 | 0 | -0 | 3 | 0 | 2 | 2 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 6 | 7 | 10 | 50 | 1 | -23 | -38 | 0 | 0 | 0 | 0 |
| Share of Associates | -48 | 5 | -6 | -0 | 3 | -10 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | -1 | -3 | -5 | 0 | -0 | 2 | 0 | 2 | 2 | — |
| Minority Interest | 6 | 7 | 10 | 50 | 1 | -23 | -38 | 0 | 0 | 0 | 0 |
| Share of Associates | -48 | 5 | -6 | -0 | 3 | -10 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | -1 | -3 | -5 | 0 | -0 | 2 | 0 | 2 | 2 | — |
- 12,714
- 10,532
- Operating Profit
- 2,588
- OPM %
- 20
- Other Income
- 406
- Interest
- 1,288
- Depreciation
- 389
- 912
- Tax %
- 1
- Net Profit
- 900
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 6
- Share of Associates
- -48
- Adjusted EPS
- 2
- Minority Interest
- 6
- Share of Associates
- -48
- Adjusted EPS
- 2
- 8,116
- 7,160
- Operating Profit
- 1,082
- OPM %
- 13
- Other Income
- 126
- Interest
- 1,581
- Depreciation
- 342
- -391
- Tax %
- 0
- Net Profit
- -389
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 7
- Share of Associates
- 5
- Adjusted EPS
- -1
- Minority Interest
- 7
- Share of Associates
- 5
- Adjusted EPS
- -1
- 5,025
- 5,102
- Operating Profit
- 41
- OPM %
- 1
- Other Income
- 118
- Interest
- 1,270
- Depreciation
- 342
- -1,543
- Tax %
- 1
- Net Profit
- -1,531
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 10
- Share of Associates
- -6
- Adjusted EPS
- -3
- Minority Interest
- 10
- Share of Associates
- -6
- Adjusted EPS
- -3
- 2,973
- 3,833
- Operating Profit
- -832
- OPM %
- -28
- Other Income
- 28
- Interest
- 1,367
- Depreciation
- 419
- -2,684
- Tax %
- -0
- Net Profit
- -2,691
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 50
- Share of Associates
- -0
- Adjusted EPS
- -5
- Minority Interest
- 50
- Share of Associates
- -0
- Adjusted EPS
- -5
- 3,346
- 2,811
- Operating Profit
- 554
- OPM %
- 17
- Other Income
- 20
- Interest
- 996
- Depreciation
- 258
- 105
- Tax %
- 4
- Net Profit
- 100
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 1
- Share of Associates
- 3
- Adjusted EPS
- 0
- Minority Interest
- 1
- Share of Associates
- 3
- Adjusted EPS
- 0
- 6,582
- 5,754
- Operating Profit
- 912
- OPM %
- 14
- Other Income
- 83
- Interest
- 735
- Depreciation
- 260
- 0
- Tax %
- 41,648
- Net Profit
- -166
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- -23
- Share of Associates
- -10
- Adjusted EPS
- -0
- Minority Interest
- -23
- Share of Associates
- -10
- Adjusted EPS
- -0
- 5,971
- 5,149
- Operating Profit
- 852
- OPM %
- 14
- Other Income
- 30
- Interest
- 421
- Depreciation
- 260
- 2,892
- Tax %
- 0
- Net Profit
- 2,887
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- -38
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -38
- Share of Associates
- 0
- Adjusted EPS
- 2
- 6,529
- 5,500
- Operating Profit
- 1,067
- OPM %
- 16
- Other Income
- 39
- Interest
- 164
- Depreciation
- 190
- 659
- Tax %
- -0
- Net Profit
- 660
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- 10,890
- 9,094
- Operating Profit
- 1,961
- OPM %
- 18
- Other Income
- 165
- Interest
- 255
- Depreciation
- 259
- 1,447
- Tax %
- -43
- Net Profit
- 2,072
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- 16,732
- 13,709
- Operating Profit
- 3,132
- OPM %
- 19
- Other Income
- 110
- Interest
- 462
- Depreciation
- 318
- 2,422
- Tax %
- -31
- Net Profit
- 3,163
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- 17,391
- 14,650
- Operating Profit
- —
- OPM %
- —
- Other Income
- 110
- Interest
- 493
- Depreciation
- 354
- 2,352
- Tax %
- -34
- Net Profit
- 3,144
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 38%
- 3 Years:
- 41%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 18%
- 5 Years:
- 98%
- 3 Years:
- 4%
STOCK PRICE CAGR
- 10 Years:
- 12%
- 5 Years:
- 55%
- 3 Years:
- 33%
- 1 Year:
- -21%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 22%
- 3 Years:
- 37%
- Last Year:
- 41%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 1,005 | 1,064 | 1,064 | 1,064 | 1,702 | 1,843 | 2,454 | 2,722 | 2,730 | 2,743 |
| -7,904 | -8,080 | -9,562 | -12,047 | -5,289 | -5,601 | -1,355 | 1,169 | 3,251 | 6,589 | |
| 2,076 | 3,889 | 3,380 | 8,844 | 175 | 27 | 42 | 40 | 132 | 135 | |
| Trade Payables | 4,812 | 2,527 | 2,175 | 1,298 | 1,582 | 1,840 | 895 | 1,796 | 2,935 | 5,083 |
| 12,171 | 11,720 | 11,814 | 7,371 | 8,432 | 8,348 | 3,487 | 1,448 | 3,266 | 2,924 | |
| Total Liabilities | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,457 | 5,523 | 7,175 | 12,315 | 17,474 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,631 | 1,422 | 1,482 | 1,324 | 1,133 | 1,028 | 837 | 859 | 1,754 | 2,271 | |
| Capital Work in Progress | 119 | 173 | 218 | 110 | 104 | 15 | 3 | 16 | 89 | 176 |
| 670 | 67 | 20 | 20 | 23 | 0 | 0 | 8 | 43 | 217 | |
| 3,469 | 3,026 | 2,914 | 2,056 | 2,173 | 2,208 | 1,827 | 2,292 | 3,234 | 4,512 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,830 | 3,866 | 6,269 | |
| Cash & Bank | 336 | 581 | 75 | 82 | 262 | 500 | 367 | 427 | 1,113 | 1,246 |
| 5,936 | 5,851 | 4,161 | 2,939 | 2,906 | 2,705 | 2,489 | 1,742 | 2,217 | 2,783 | |
| Total Assets | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,457 | 5,523 | 7,175 | 12,315 | 17,474 |
| Total Debt | 11,114 | 11,996 | 11,552 | 13,137 | 6,859 | 6,391 | 1,905 | 110 | 283 | 264 |
| Net Working Capital | -4,589 | -2,020 | -4,524 | -11,902 | 984 | 785 | 1,441 | 2,279 | 3,337 | 5,314 |
| Contingent Liabilities | 424 | 409 | 311 | 365 | 168 | 159 | 192 | 194 | 236 | 159 |
| Book Value per Share | -13.73 | -13.19 | -15.97 | -20.65 | -4.22 | -4.08 | 0.90 | 2.86 | 4.38 | 6.80 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 11,114 | 11,996 | 11,552 | 13,137 | 6,859 | 6,391 | 1,905 | 110 | 283 | 264 |
| Net Working Capital | -4,589 | -2,020 | -4,524 | -11,902 | 984 | 785 | 1,441 | 2,279 | 3,337 | 5,314 |
| Contingent Liabilities | 424 | 409 | 311 | 365 | 168 | 159 | 192 | 194 | 236 | 159 |
| Book Value per Share | -13.73 | -13.19 | -15.97 | -20.65 | -4.22 | -4.08 | 0.90 | 2.86 | 4.38 | 6.80 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
- Equity Capital
- 1,005
- -7,904
- 2,076
- Trade Payables
- 4,812
- 12,171
- Total Liabilities
- 12,160
- 1,631
- Capital Work in Progress
- 119
- 670
- 3,469
- 0
- Cash & Bank
- 336
- 5,936
- Total Assets
- 12,160
- Total Debt
- 11,114
- Net Working Capital
- -4,589
- Contingent Liabilities
- 424
- Book Value per Share
- -13.73
- Face Value
- 2.00
- Total Debt
- 11,114
- Net Working Capital
- -4,589
- Contingent Liabilities
- 424
- Book Value per Share
- -13.73
- Face Value
- 2.00
- Equity Capital
- 1,064
- -8,080
- 3,889
- Trade Payables
- 2,527
- 11,720
- Total Liabilities
- 11,121
- 1,422
- Capital Work in Progress
- 173
- 67
- 3,026
- 0
- Cash & Bank
- 581
- 5,851
- Total Assets
- 11,121
- Total Debt
- 11,996
- Net Working Capital
- -2,020
- Contingent Liabilities
- 409
- Book Value per Share
- -13.19
- Face Value
- 2.00
- Total Debt
- 11,996
- Net Working Capital
- -2,020
- Contingent Liabilities
- 409
- Book Value per Share
- -13.19
- Face Value
- 2.00
- Equity Capital
- 1,064
- -9,562
- 3,380
- Trade Payables
- 2,175
- 11,814
- Total Liabilities
- 8,871
- 1,482
- Capital Work in Progress
- 218
- 20
- 2,914
- 0
- Cash & Bank
- 75
- 4,161
- Total Assets
- 8,871
- Total Debt
- 11,552
- Net Working Capital
- -4,524
- Contingent Liabilities
- 311
- Book Value per Share
- -15.97
- Face Value
- 2.00
- Total Debt
- 11,552
- Net Working Capital
- -4,524
- Contingent Liabilities
- 311
- Book Value per Share
- -15.97
- Face Value
- 2.00
- Equity Capital
- 1,064
- -12,047
- 8,844
- Trade Payables
- 1,298
- 7,371
- Total Liabilities
- 6,530
- 1,324
- Capital Work in Progress
- 110
- 20
- 2,056
- 0
- Cash & Bank
- 82
- 2,939
- Total Assets
- 6,530
- Total Debt
- 13,137
- Net Working Capital
- -11,902
- Contingent Liabilities
- 365
- Book Value per Share
- -20.65
- Face Value
- 2.00
- Total Debt
- 13,137
- Net Working Capital
- -11,902
- Contingent Liabilities
- 365
- Book Value per Share
- -20.65
- Face Value
- 2.00
- Equity Capital
- 1,702
- -5,289
- 175
- Trade Payables
- 1,582
- 8,432
- Total Liabilities
- 6,601
- 1,133
- Capital Work in Progress
- 104
- 23
- 2,173
- 0
- Cash & Bank
- 262
- 2,906
- Total Assets
- 6,601
- Total Debt
- 6,859
- Net Working Capital
- 984
- Contingent Liabilities
- 168
- Book Value per Share
- -4.22
- Face Value
- 2.00
- Total Debt
- 6,859
- Net Working Capital
- 984
- Contingent Liabilities
- 168
- Book Value per Share
- -4.22
- Face Value
- 2.00
- Equity Capital
- 1,843
- -5,601
- 27
- Trade Payables
- 1,840
- 8,348
- Total Liabilities
- 6,457
- 1,028
- Capital Work in Progress
- 15
- 0
- 2,208
- 0
- Cash & Bank
- 500
- 2,705
- Total Assets
- 6,457
- Total Debt
- 6,391
- Net Working Capital
- 785
- Contingent Liabilities
- 159
- Book Value per Share
- -4.08
- Face Value
- 2.00
- Total Debt
- 6,391
- Net Working Capital
- 785
- Contingent Liabilities
- 159
- Book Value per Share
- -4.08
- Face Value
- 2.00
- Equity Capital
- 2,454
- -1,355
- 42
- Trade Payables
- 895
- 3,487
- Total Liabilities
- 5,523
- 837
- Capital Work in Progress
- 3
- 0
- 1,827
- 0
- Cash & Bank
- 367
- 2,489
- Total Assets
- 5,523
- Total Debt
- 1,905
- Net Working Capital
- 1,441
- Contingent Liabilities
- 192
- Book Value per Share
- 0.90
- Face Value
- 2.00
- Total Debt
- 1,905
- Net Working Capital
- 1,441
- Contingent Liabilities
- 192
- Book Value per Share
- 0.90
- Face Value
- 2.00
- Equity Capital
- 2,722
- 1,169
- 40
- Trade Payables
- 1,796
- 1,448
- Total Liabilities
- 7,175
- 859
- Capital Work in Progress
- 16
- 8
- 2,292
- 1,830
- Cash & Bank
- 427
- 1,742
- Total Assets
- 7,175
- Total Debt
- 110
- Net Working Capital
- 2,279
- Contingent Liabilities
- 194
- Book Value per Share
- 2.86
- Face Value
- 2.00
- Total Debt
- 110
- Net Working Capital
- 2,279
- Contingent Liabilities
- 194
- Book Value per Share
- 2.86
- Face Value
- 2.00
- Equity Capital
- 2,730
- 3,251
- 132
- Trade Payables
- 2,935
- 3,266
- Total Liabilities
- 12,315
- 1,754
- Capital Work in Progress
- 89
- 43
- 3,234
- 3,866
- Cash & Bank
- 1,113
- 2,217
- Total Assets
- 12,315
- Total Debt
- 283
- Net Working Capital
- 3,337
- Contingent Liabilities
- 236
- Book Value per Share
- 4.38
- Face Value
- 2.00
- Total Debt
- 283
- Net Working Capital
- 3,337
- Contingent Liabilities
- 236
- Book Value per Share
- 4.38
- Face Value
- 2.00
- Equity Capital
- 2,743
- 6,589
- 135
- Trade Payables
- 5,083
- 2,924
- Total Liabilities
- 17,474
- 2,271
- Capital Work in Progress
- 176
- 217
- 4,512
- 6,269
- Cash & Bank
- 1,246
- 2,783
- Total Assets
- 17,474
- Total Debt
- 264
- Net Working Capital
- 5,314
- Contingent Liabilities
- 159
- Book Value per Share
- 6.80
- Face Value
- 2.00
- Total Debt
- 264
- Net Working Capital
- 5,314
- Contingent Liabilities
- 159
- Book Value per Share
- 6.80
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,602 | -109 | 1,267 | -929 | 530 | 1,302 | 491 | 80 | 1,092 | 1,202 | |
| Cash from Investing | -643 | -133 | 125 | -32 | -24 | -18 | 85 | -152 | -752 | -914 |
| Cash from Financing | -1,249 | 492 | -1,898 | 969 | -327 | -1,045 | -709 | 132 | 343 | -155 |
| -290 | 249 | -506 | 8 | 180 | 239 | -133 | 60 | 683 | 133 | |
| Free Cash Flow | 1,248 | -264 | 828 | -1,070 | 499 | 1,302 | 491 | -33 | -41 | 309 |
| OCF / Net Profit | 1.78 | 0.28 | -0.83 | 0.35 | 5.29 | -7.83 | 0.17 | 0.12 | 0.53 | 0.38 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,240 | 1,294 | 2,050 | 1,189 | 2,218 | 2,027 |
| OCF / Net Profit | 1.78 | 0.28 | -0.83 | 0.35 | 5.29 | -7.83 | 0.17 | 0.12 | 0.53 | 0.38 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,240 | 1,294 | 2,050 | 1,189 | 2,218 | 2,027 |
- 1,602
- Cash from Investing
- -643
- Cash from Financing
- -1,249
- -290
- Free Cash Flow
- 1,248
- OCF / Net Profit
- 1.78
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.78
- Cumulative 5-Year FCF
- 0
- -109
- Cash from Investing
- -133
- Cash from Financing
- 492
- 249
- Free Cash Flow
- -264
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- 0
- 1,267
- Cash from Investing
- 125
- Cash from Financing
- -1,898
- -506
- Free Cash Flow
- 828
- OCF / Net Profit
- -0.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.83
- Cumulative 5-Year FCF
- 0
- -929
- Cash from Investing
- -32
- Cash from Financing
- 969
- 8
- Free Cash Flow
- -1,070
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 0
- 530
- Cash from Investing
- -24
- Cash from Financing
- -327
- 180
- Free Cash Flow
- 499
- OCF / Net Profit
- 5.29
- Cumulative 5-Year FCF
- 1,240
- OCF / Net Profit
- 5.29
- Cumulative 5-Year FCF
- 1,240
- 1,302
- Cash from Investing
- -18
- Cash from Financing
- -1,045
- 239
- Free Cash Flow
- 1,302
- OCF / Net Profit
- -7.83
- Cumulative 5-Year FCF
- 1,294
- OCF / Net Profit
- -7.83
- Cumulative 5-Year FCF
- 1,294
- 491
- Cash from Investing
- 85
- Cash from Financing
- -709
- -133
- Free Cash Flow
- 491
- OCF / Net Profit
- 0.17
- Cumulative 5-Year FCF
- 2,050
- OCF / Net Profit
- 0.17
- Cumulative 5-Year FCF
- 2,050
- 80
- Cash from Investing
- -152
- Cash from Financing
- 132
- 60
- Free Cash Flow
- -33
- OCF / Net Profit
- 0.12
- Cumulative 5-Year FCF
- 1,189
- OCF / Net Profit
- 0.12
- Cumulative 5-Year FCF
- 1,189
- 1,092
- Cash from Investing
- -752
- Cash from Financing
- 343
- 683
- Free Cash Flow
- -41
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 2,218
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 2,218
- 1,202
- Cash from Investing
- -914
- Cash from Financing
- -155
- 133
- Free Cash Flow
- 309
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 2,027
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 2,027
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.71 | -0.71 | -2.87 | -4.97 | 0.12 | -0.22 | 2.32 | 0.49 | 1.52 | 2.31 |
| Book Value (₹) | -13.73 | -13.19 | -15.97 | -20.65 | -4.22 | -4.08 | 0.90 | 2.86 | 4.38 | 6.80 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 2.35 | -0.08 | -2.05 | -3.92 | 0.39 | 0.09 | 2.56 | 0.62 | 1.71 | 2.54 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 20.36% | 13.33% | 0.82% | -27.99% | 16.56% | 13.85% | 14.26% | 15.75% | 16.49% | 18.06% |
| Net Margin % | 7.08% | -4.80% | -30.47% | -90.53% | 3.00% | -2.53% | 48.36% | 10.11% | 19.02% | 18.91% |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 26.47% | 41.97% | 41.32% |
| ROCE % | 53.94% | 25.59% | -6.76% | -50.56% | 38.85% | 23.04% | 112.88% | 23.42% | 32.66% | 35.79% |
| 8.22% | -3.34% | -15.32% | -34.95% | 1.53% | -2.55% | 48.20% | 10.40% | 21.26% | 21.24% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 88 | 149 | 177 | 199 | 139 | 71 | 78 | 84 | 95 | 111 |
| Inventory Days | 86 | 146 | 216 | 305 | 231 | 121 | 123 | 115 | 93 | 84 |
| Payable Days | 188 | 262 | 286 | 338 | 333 | 144 | 132 | 123 | 125 | 135 |
| -14 | 33 | 106 | 166 | 37 | 48 | 69 | 76 | 63 | 60 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -1.61x | -1.71x | -1.36x | -1.20x | -1.91x | -1.70x | 1.73x | 0.03x | 0.05x | 0.03x |
| Interest Coverage (x) | 1.71x | 0.75x | -0.22x | -0.96x | 1.11x | 1.00x | 7.87x | 5.01x | 6.68x | 6.24x |
| 0.67x | 0.80x | 0.59x | 0.28x | 1.26x | 1.19x | 1.53x | 1.76x | 1.56x | 1.65x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 34.07% | -36.17% | -38.09% | -40.84% | 12.54% | 96.72% | -9.29% | 9.36% | 66.79% | 53.65% |
| Operating Profit Growth % | 115.65% | -58.19% | -96.19% | -2119.81% | 166.59% | 64.51% | -6.59% | 25.34% | 83.70% | 59.76% |
| Net Profit Growth % | 48.11% | -143.25% | -293.41% | -75.78% | 103.73% | -265.63% | 1837.34% | -77.13% | 213.72% | 52.70% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -79.10% | 212.82% | 51.97% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 83.41x | 37.29x | 17.16x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.15x | 12.92x | 5.82x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 51.30x | 38.98x | 17.01x |
- EPS (₹)
- 1.71
- Book Value (₹)
- -13.73
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.35
- Operating Margin %
- 20.36%
- Net Margin %
- 7.08%
- ROE %
- 0.00%
- ROCE %
- 53.94%
- 8.22%
- Debtor Days
- 88
- Inventory Days
- 86
- Payable Days
- 188
- -14
- Debt to Equity (x)
- -1.61x
- Interest Coverage (x)
- 1.71x
- 0.67x
- Revenue Growth %
- 34.07%
- Operating Profit Growth %
- 115.65%
- Net Profit Growth %
- 48.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -0.71
- Book Value (₹)
- -13.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.08
- Operating Margin %
- 13.33%
- Net Margin %
- -4.80%
- ROE %
- 0.00%
- ROCE %
- 25.59%
- -3.34%
- Debtor Days
- 149
- Inventory Days
- 146
- Payable Days
- 262
- 33
- Debt to Equity (x)
- -1.71x
- Interest Coverage (x)
- 0.75x
- 0.80x
- Revenue Growth %
- -36.17%
- Operating Profit Growth %
- -58.19%
- Net Profit Growth %
- -143.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -2.87
- Book Value (₹)
- -15.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.05
- Operating Margin %
- 0.82%
- Net Margin %
- -30.47%
- ROE %
- 0.00%
- ROCE %
- -6.76%
- -15.32%
- Debtor Days
- 177
- Inventory Days
- 216
- Payable Days
- 286
- 106
- Debt to Equity (x)
- -1.36x
- Interest Coverage (x)
- -0.22x
- 0.59x
- Revenue Growth %
- -38.09%
- Operating Profit Growth %
- -96.19%
- Net Profit Growth %
- -293.41%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -4.97
- Book Value (₹)
- -20.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.92
- Operating Margin %
- -27.99%
- Net Margin %
- -90.53%
- ROE %
- 0.00%
- ROCE %
- -50.56%
- -34.95%
- Debtor Days
- 199
- Inventory Days
- 305
- Payable Days
- 338
- 166
- Debt to Equity (x)
- -1.20x
- Interest Coverage (x)
- -0.96x
- 0.28x
- Revenue Growth %
- -40.84%
- Operating Profit Growth %
- -2119.81%
- Net Profit Growth %
- -75.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.12
- Book Value (₹)
- -4.22
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.39
- Operating Margin %
- 16.56%
- Net Margin %
- 3.00%
- ROE %
- 0.00%
- ROCE %
- 38.85%
- 1.53%
- Debtor Days
- 139
- Inventory Days
- 231
- Payable Days
- 333
- 37
- Debt to Equity (x)
- -1.91x
- Interest Coverage (x)
- 1.11x
- 1.26x
- Revenue Growth %
- 12.54%
- Operating Profit Growth %
- 166.59%
- Net Profit Growth %
- 103.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -0.22
- Book Value (₹)
- -4.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.09
- Operating Margin %
- 13.85%
- Net Margin %
- -2.53%
- ROE %
- 0.00%
- ROCE %
- 23.04%
- -2.55%
- Debtor Days
- 71
- Inventory Days
- 121
- Payable Days
- 144
- 48
- Debt to Equity (x)
- -1.70x
- Interest Coverage (x)
- 1.00x
- 1.19x
- Revenue Growth %
- 96.72%
- Operating Profit Growth %
- 64.51%
- Net Profit Growth %
- -265.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 2.32
- Book Value (₹)
- 0.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.56
- Operating Margin %
- 14.26%
- Net Margin %
- 48.36%
- ROE %
- 0.00%
- ROCE %
- 112.88%
- 48.20%
- Debtor Days
- 78
- Inventory Days
- 123
- Payable Days
- 132
- 69
- Debt to Equity (x)
- 1.73x
- Interest Coverage (x)
- 7.87x
- 1.53x
- Revenue Growth %
- -9.29%
- Operating Profit Growth %
- -6.59%
- Net Profit Growth %
- 1837.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.49
- Book Value (₹)
- 2.86
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.62
- Operating Margin %
- 15.75%
- Net Margin %
- 10.11%
- ROE %
- 26.47%
- ROCE %
- 23.42%
- 10.40%
- Debtor Days
- 84
- Inventory Days
- 115
- Payable Days
- 123
- 76
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 5.01x
- 1.76x
- Revenue Growth %
- 9.36%
- Operating Profit Growth %
- 25.34%
- Net Profit Growth %
- -77.13%
- -79.10%
- P/E (x)
- 83.41x
- P/B (x)
- 14.15x
- Dividend Yield %
- 0.00%
- 51.30x
- EPS (₹)
- 1.52
- Book Value (₹)
- 4.38
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.71
- Operating Margin %
- 16.49%
- Net Margin %
- 19.02%
- ROE %
- 41.97%
- ROCE %
- 32.66%
- 21.26%
- Debtor Days
- 95
- Inventory Days
- 93
- Payable Days
- 125
- 63
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 6.68x
- 1.56x
- Revenue Growth %
- 66.79%
- Operating Profit Growth %
- 83.70%
- Net Profit Growth %
- 213.72%
- 212.82%
- P/E (x)
- 37.29x
- P/B (x)
- 12.92x
- Dividend Yield %
- 0.00%
- 38.98x
- EPS (₹)
- 2.31
- Book Value (₹)
- 6.80
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.54
- Operating Margin %
- 18.06%
- Net Margin %
- 18.91%
- ROE %
- 41.32%
- ROCE %
- 35.79%
- 21.24%
- Debtor Days
- 111
- Inventory Days
- 84
- Payable Days
- 135
- 60
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 6.24x
- 1.65x
- Revenue Growth %
- 53.65%
- Operating Profit Growth %
- 59.76%
- Net Profit Growth %
- 52.70%
- 51.97%
- P/E (x)
- 17.16x
- P/B (x)
- 5.82x
- Dividend Yield %
- 0.00%
- 17.01x
Documents
Announcements
- Shareholders meeting
2026-08-15 - Suzlon Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2026
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Suzlon Energy Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating
2025-07-30 - Suzlon Energy Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-07-30 - Suzlon Energy Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026

