Suzlon Energy is an Indian company that makes wind turbines. It builds big machines with blades that rotate with wind and generate electricity. Suzlon not only manufactures these turbines but also installs them and takes care of their maintenance.
It belongs to the renewable energy sector — mainly wind energy. With India pushing for more clean and green electricity, Suzlon has become a key player.
Suzlon has installed over 20,000 MW+ of wind energy capacity in India and abroad. This makes it one of the largest renewable energy companies in India.
In the March 2025 quarter (Q4 FY25), Suzlon made a profit of about ₹1,182 crore, which was almost four times higher (About 350% jump) than the ₹302 crore it earned in the same period last year. A one-time tax gain also boosted the numbers, but the strong results have clearly lifted investor confidence.
Shareholders of the company
- The promoters (Tanti family & associated groups) own about 11.74% of the company.
- Drop in promoter holdings from around 13.25% in March 2025 to 11.74% in June — a fall of around 1.5 percentage points.
- Large parts of ownership are with institutional investors:
- Foreign Institutional Investors (FIIs) own about 23%.
- Domestic Institutional Investors (DIIs) own around 8.6%, including mutual funds which hold about 5.24%.
- The remaining (Approx 55%) is held by public shareholders—this includes individual investors, retail investors, HUFs, etc.
Financial Performance
- Revenue: ₹3,117 crore, a 55% increase compared to ₹2,016 crore in Q1 FY25.
- EBITDA: ₹599 crore, up 62% year-on-year.
- EBITDA margin: 19.2% (better than last year’s 18.4%).
- Profit Before Tax (PBT): ₹459 crore, up 52% from last year.
- Net Profit (PAT): ₹324 crore.
- Net cash position: ₹1,620 crore as of June 30, 2025.
- Deliveries: Record Q1 deliveries of 444 MW, highest ever for the company.
As per Financials: Suzlon made more revenue, higher profits, and generated strong cash flow this quarter, showing that its turnaround is on track.
Orders and Market:
- 1 GW of new orders received in Q1 FY26.
- Order book at 5.7 GW, with 75% from Commercial & Industrial (C&I) and PSU customers.
- Suzlon already has many projects lined up, which will keep its business running strong for the next few years.
Policy & Industry Trends:
- ALMM (Approved List of Models & Manufacturers) for Wind has been introduced. This ensures only high-quality, locally made turbines are used, boosting Suzlon’s domestic manufacturing advantage.
- India’s carbon market is set to launch by 2026, which will make renewable energy projects even more attractive.
- Huge demand outlook:
- India targets 122 GW of wind capacity by FY32.
- The C&I sector alone will need ~78 GW by FY30.
India could become a global hub for wind turbine components.
Suzlon is in the right place at the right time, with supportive government policies and rising demand.
Suzlon is no longer in survival mode – it’s now in growth mode. If it continues executing well, it could become one of the strongest renewable energy players in India and beyond.
Expected Growth in FY26
- Based on Q1 trends, Suzlon could achieve:
- FY26 revenue of Approx ₹12,500–13,000 crore (vs ₹10,851 crore in FY25).
- PAT of ₹2,300–2,500 crore, if margins sustain.
That means 20–25% profit growth in FY26 compared to FY25.
Investment View:
- Strengths:
- Clean balance sheet, strong order book, policy support, repeat customers.
- India’s Popular wind solutions provider.
- Risks:
- Highly dependent on government auctions and raw material prices.
- Stock is volatile due to high retail ownership (Approx 55%).
Expected Share Price :
- Current market price (Sep 2025): around ₹57.
- Brokerages like Motilal Oswal (₹83 target) and ICICI Securities (₹76 target) have already upgraded Suzlon earlier this year.
- Based on growth momentum and healthy order book, a fair range of ₹75–85 in FY26 looks realistic if execution stays strong.
That’s about a 30–40% potential upside from current levels.
Suzlon Energy today is a growth stock in India’s renewable energy space:
- Profitable and debt-free,
- Supported by strong government policy,
- With a huge order book and growing demand pipeline.
For long-term investors, Suzlon offers a strong clean-energy growth story with upside potential. In FY26, the company is expected to post higher revenues and profits, and the stock could trend towards ₹75–85 if the company delivers as planned.
As India races towards its green goals, Suzlon stands ready to power the journey with every turn of its turbines.
Sources:
Official publication of Suzlon Energy Ltd (Q1 FY26 Press Release)
National Stock Exchange of India (NSE) & Bombay Stock Exchange (BSE)
