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Company details

49.10
51.19
13.25
52.10
6M Return 29.53%
1Y Return 227.68%
Mkt Cap.(Cr) 67,355.58
Volume 85,029,862
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 85,029,862

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Heavy Electrical Equipment company Suzlon Energy announced Q2FY24 results:

  • A net debt-free balance sheet following the successful completion of the Qualified Institutional Placement (QIP).
  • Total revenue of Rs 1,417 crore during the quarter.
  • EBITDA (pre-Forex) amounted to Rs 224 crore in Q2FY24, with an EBITDA margin (pre-Forex) of 15.8%. This represents a year-on-year (Y-o-Y) EBITDA (pre-Forex) growth of 7.8%.
  • Profit After Tax (PAT) before exceptional items reached Rs 137 crore in Q2FY24.

Girish Tanti, Vice Chairman, Suzlon Group, said, “During the quarter we have further seen policies that strengthen the sector to drive India’s green transition like the concrete guidelines for tariff based competitive bidding, announcement of the National Framework for promoting Energy Storage Systems, the Green Hydrogen standards, and the strategy for establishing Offshore Wind Energy Projects. These policies address varied pillar of the industry to catalyse India’s holistic energy transition. Encouragingly, the leading renewable energy states of the country; Gujarat, Maharashtra, Rajasthan and Telangana have followed?up with proactive strides in their own renewable energy policies towards their states’ energy transition journeys. Recently, Gujarat also announced their long?term renewable energy policy 2023 which is a comprehensive policy addressing various aspects to drive the growth of renewable energy in the state like captive consumption, C&I investments as well as MSME and domestic industry participation in renewables.”

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “We have closed another satisfying quarter in line with our business plan for FY24. Our performance in Q2 FY24 has been consistent and heartening. As the market picks up momentum, we have continued to show solid improvement across our value chain. The highlight for us in the last few months has been the installation of the first prototype of our S144 – 3 MW turbine at 160mts hub height in Gujarat. This development is aligned to our plans for commercialization of this product series.”

Result PDF

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Suzlon Energy Shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Company reducing Debt

Weakness (2)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Major fall in TTM Net Profit

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 50.7
R2 52.0
R3 52.8
Pivot

49.92

S1 48.7
S2 47.8
S3 46.6
EMA SMA
47.3
44.8
42.5
37.4
47.3
43.7
43.3
38.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
COPTHALL MAURITIUS INVESTMENT LIMITED Bulk Purchase 2023-11-30 40.12 1588700 NSE
BNP PARIBAS ARBITRAGE Bulk Purchase 2023-11-30 40.02 1282273 NSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-11-30 40.7 327004411 NSE
Name Category Shares
Rambhaben Ukabhai PROMOTER 3.48%
Girish R.Tanti PROMOTER 0.73%
Tanti Holdings Private Limited PROMOTER 5.16%
Samanvaya Holdings Private Limited PROMOTER 2.69%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Suzlon Energy Stocks Comparison

Financials( in Cr) Suzlon Energy Ltd Siemens Ltd ABB India Ltd Bharat Heavy Electricals Ltd CG Power & Industrial Solutions Ltd
Price 49.48 7,790.20 9,020.00 305.70 688.80
% Change -0.78 5.32 6.79 0.58 3.15
Mcap Cr 67,355.58 277,424.60 191,141.02 106,446.67 105,202.70
Revenue TTM Cr 5,970.53 19,553.80 10,446.52 23,364.94 6,972.54
Net Profit TTM Cr 2,887.29 1,961.90 1,242.05 477.39 962.97
PE TTM 94.08 112.88 122.33 375.19 119.41
1 Year Return 227.68 108.61 108.81 259.22 80.13
ROCE 4.71 20.44 30.39 2.44 40.59
ROE 2.09 15.89 22.82 1.54 34.91
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,099.14 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,912.43 -3,369.63
LAST 3M 113,155.52 -42,728.98
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,104.04 102,297.21
Suzlon Energy Limited - Updates

Jun 14, 2024 l NSE Announcement

Suzlon Energy Limited - ESOP/ESOS/ESPS

Jun 13, 2024 l NSE Announcement

Suzlon wins 103.95 MW wind power project

Jun 11, 2024 l BSE Announcement

Date Action Type Ratio
No data found

Suzlon Energy Ltd Information

Stock PE (TTM)
94.08
Promoter Holding
13.29%
Book Value
2.8883
ROCE
4.71%
ROE
2.09%
Description
  • Suzlon Energy is an Indian company providing services in the renewable energy sector. Founded in 1995 by Mr. Tulsi Tanti, Suzlon’s motive was to provide its customers with a complete package of wind energy related services. With continuous expansion, Suzlon Energy Ltd expanded in international markets and now is operating in 17 countries.

    Suzlon Energy is providing sustainable energy solutions since last 28 years and has 14 manufacturing units. With over 12,780 installed wind turbine generators, Suzlon Energy Ltd produces 52.88 Terawatt hours of clean energy. In the year 2022-2023, the company reported the revenue at Rs. 5,970 crores and EBITDA at Rs. 832 crores. Suzlon energy also marked it’s six-year high PAT in the same year at Rs. 167 crores. The company was able to turn its net worth positive on FY 22-23 after a decade.

Registered Address

Suzlon 5 Shrimali Society, Nr Krishna Complex Navrangpura, Ahmedabad, Gujarat, 380009

Tel : 91-079-66045000
Email : investors:suzlon.com
Website : http://www.suzlon.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532667
NSE Code : SUZLON
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE040H01021

FAQ’s on Suzlon Energy Ltd Shares

You can buy Suzlon Energy Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Suzlon Energy Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Suzlon Energy Ltd was Rs.49.48.

The latest PE ratio of Suzlon Energy Ltd as of Jun 14, 2024 03:59 PM is 94.08

The latest PB ratio of Suzlon Energy Ltd as of Jun 14, 2024 03:59 PM is 0.06

The 52-week high of Suzlon Energy Ltd share price is Rs. 52.10 while the 52-week low is Rs. 13.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of Suzlon Energy Ltd stood at Rs. 67,355.58.

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