Suzlon Group is a leading renewable energy solutions provider with a presence in 17 countries, including Asia, Australia, Europe, Africa, and the Americas. With a focus on sustainability, Suzlon combines cutting-edge R&D and over 20 years of expertise to offer robust and reliable products that ensure optimal performance and high returns.
The company’s commitment to sustainable development is reflected in its initiatives aimed at environmental protection, community development, and responsible growth. Suzlon’s headquarters, One Earth in Pune, is a Platinum LEED-certified and GRIHA 5-star rated campus, celebrated as one of the world’s greenest corporate campuses.
Shareholdings Patterns
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 14.50% | 14.50% | 13.28% | 13.28% | 13.28% |
| FIIs + | 7.64% | 7.79% | 10.88% | 17.83% | 19.57% |
| DIIs + | 5.55% | 5.90% | 9.81% | 6.16% | 6.30% |
| Government + | 0.00% | 0.02% | 0.02% | 0.00% | 0.00% |
| Public + | 72.30% | 71.78% | 65.99% | 62.74% | 60.85% |
| No. of Shareholders | 24,42,672 | 24,90,961 | 28,68,152 | 35,12,040 | 43,55,169 |
Between March 2023 and March 2024, Suzlon Energy Limited experienced notable shifts in its shareholding patterns. Initially, the promoters’ stake was stable at 14.50% until June 2023, after which it dropped to 13.28% by September 2023 and remained at that level through March 2024. Meanwhile, Foreign Institutional Investors (FIIs) dramatically increased their holdings from 7.64% in March 2023 to 19.57% by March 2024, reflecting a surge in foreign investment. Domestic Institutional Investors (DIIs) also showed an upward trajectory, rising from 5.55% in March 2023 to a peak of 9.81% in September 2023, before adjusting to 6.30% by March 2024. The government’s shareholding was negligible, briefly reaching 0.02% in June and September 2023, then returning to 0.00% by December 2023. Public shareholding saw a steady decrease from 72.30% in March 2023 to 60.85% by March 2024, indicating a significant shift in ownership. Furthermore, the number of shareholders surged from 24,42,672 in March 2023 to 43,55,169 by March 2024, signifying an expanding investor base and increased interest in the company’s shares.
Suzlon Energy Q4 Results: Revenue Soars 29% YoY Despite 20.6% Profit Decline
- Suzlon Energy reported a fiscal fourth quarter profit of ₹254.12 crore, a 20.6% decrease compared to ₹319.99 crore in the same period last year.
- Revenue from operations increased by 29% YoY, reaching ₹2,179.20 crore, up from ₹1,689.91 crore in Q4 FY23.
- EBITDA for the quarter rose by 54% YoY, totaling ₹357.2 crore.
- Total income for Q4 FY24 was ₹2,207.43 crore, with total expenses amounting to ₹1,927.49 crore.
- Suzlon Energy recorded its largest-ever order book of 3.3 GW.
- For the full fiscal year, the company reported a revenue of ₹6,497 crore and a profit of ₹714 crore.
- Girish Tanti, Vice Chairman, emphasized the solid foundation built across technology, manufacturing, projects, and OMS, highlighting significant order book and strong relationships with leading Indian conglomerates.
- Himanshu Mody, CFO, noted a robust financial performance in FY24 with a consolidated net worth of ₹3,920 crore and a landmark EBITDA of ₹1,029 crore.
- The company maintains a cost-conscious approach while focusing on timely execution of the order book and growth plans.
- Despite the quarterly profit drop, Suzlon Energy’s Q4 results demonstrate strong revenue growth and operational efficiency, positioning it for future leadership in the renewable energy sector.
How to Buy Suzlon Energy Shares in India?
Below are the trading platforms that you can use to purchase Suzlon Energy shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Suzlon Energy Share Price Prediction: 2024 - 2030
Suzlon Energy Share Price Target 2024
| When | Maximum Price | Minimum Price |
| July 2024 | 56.80 | 49.39 |
| August 2024 | 59.08 | 51.37 |
| September 2024 | 61.44 | 53.43 |
| October 2024 | 60.23 | 52.38 |
| November 2024 | 62.64 | 54.47 |
| December 2024 | 63.27 | 55.02 |
In July 2024, Suzlon Energy’s maximum price is projected to be ₹56.80, with a minimum price of ₹49.39. By August, the maximum is anticipated to rise to ₹59.08, with a minimum of ₹51.37. Moving into September, the maximum price is forecasted to reach ₹61.44, while the minimum is expected to be ₹53.43. In October, Suzlon Energy’s share price is projected to have a maximum of ₹60.23 and a minimum of ₹52.38. By November, the maximum price is expected to increase to ₹62.64, with a minimum of ₹54.47. Finally, in December 2024, Suzlon Energy’s share price is projected to reach a maximum of ₹63.27 and a minimum of ₹55.02.
Suzlon Energy Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 63.90 | 49.16 |
| February 2025 | 64.55 | 49.65 |
| March 2025 | 65.90 | 50.70 |
| April 2025 | 65.25 | 50.19 |
| May 2025 | 63.35 | 48.73 |
| June 2025 | 66.20 | 50.92 |
| July 2025 | 64.90 | 49.93 |
| August 2025 | 66.91 | 51.47 |
| September 2025 | 67.71 | 52.09 |
| October 2025 | 69.47 | 53.44 |
| November 2025 | 71.21 | 54.78 |
| December 2025 | 74.42 | 57.24 |
In 2025, Suzlon Energy’s share prices are projected to fluctuate significantly. Starting in January, the maximum price is expected to be ₹63.90 with a minimum of ₹49.16. By March, the maximum could rise to ₹65.90 and the minimum to ₹50.70. In June, the maximum is projected at ₹66.20 with a minimum of ₹50.92. As we step into July, the maximum is expected to be ₹64.90 and the minimum ₹49.93. By September, the maximum is anticipated at ₹67.71 with a minimum of ₹52.09. Finally, in December 2025, the maximum price is projected to reach ₹74.42 and the minimum ₹57.24.
Suzlon Energy Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 76.65 | 58.96 |
| February 2026 | 74.73 | 57.49 |
| March 2026 | 76.23 | 58.64 |
| April 2026 | 77.78 | 59.83 |
| May 2026 | 77.01 | 59.24 |
| June 2026 | 78.94 | 60.72 |
| July 2026 | 77.39 | 59.53 |
| August 2026 | 79.78 | 61.37 |
| September 2026 | 81.38 | 62.60 |
| October 2026 | 83.49 | 64.23 |
| November 2026 | 85.58 | 65.83 |
| December 2026 | 87.72 | 67.48 |
Suzlon Energy Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 88.60 | 68.15 |
| February 2027 | 90.87 | 69.90 |
| March 2027 | 94.41 | 72.63 |
| April 2027 | 92.56 | 71.20 |
| May 2027 | 89.87 | 69.13 |
| June 2027 | 93.91 | 72.24 |
| July 2027 | 92.07 | 70.82 |
| August 2027 | 94.92 | 73.01 |
| September 2027 | 98.24 | 75.57 |
| October 2027 | 100.79 | 77.53 |
| November 2027 | 103.31 | 79.47 |
| December 2027 | 105.90 | 81.46 |
Suzlon Energy Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 108.01 | 83.09 |
| February 2028 | 110.78 | 85.22 |
| March 2028 | 115.10 | 88.54 |
| April 2028 | 112.85 | 86.81 |
| May 2028 | 109.56 | 84.28 |
| June 2028 | 114.49 | 88.07 |
| July 2028 | 112.25 | 86.34 |
| August 2028 | 115.72 | 89.01 |
| September 2028 | 119.77 | 92.13 |
| October 2028 | 122.88 | 94.52 |
| November 2028 | 125.95 | 96.89 |
| December 2028 | 129.10 | 99.31 |
Suzlon Energy Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 131.68 | 101.30 |
| February 2029 | 135.06 | 103.89 |
| March 2029 | 140.33 | 107.95 |
| April 2029 | 137.58 | 105.83 |
| May 2029 | 133.57 | 102.75 |
| June 2029 | 139.58 | 107.37 |
| July 2029 | 136.84 | 105.26 |
| August 2029 | 141.08 | 108.52 |
| September 2029 | 146.01 | 112.32 |
| October 2029 | 149.81 | 115.24 |
| November 2029 | 153.56 | 118.12 |
| December 2029 | 157.39 | 121.07 |
Suzlon Energy Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 160.54 | 123.49 |
| February 2030 | 164.66 | 126.66 |
| March 2030 | 171.08 | 131.60 |
| April 2030 | 167.73 | 129.02 |
| May 2030 | 162.84 | 125.26 |
| June 2030 | 170.17 | 130.90 |
| July 2030 | 166.83 | 128.33 |
| August 2030 | 171.99 | 132.30 |
| September 2030 | 178.01 | 136.93 |
| October 2030 | 182.64 | 140.49 |
| November 2030 | 187.21 | 144.00 |
| December 2030 | 191.89 | 147.60 |
In 2030, Suzlon Energy’s share prices are projected to show significant growth. In January, the maximum price is expected to reach ₹160.54, with a minimum of ₹123.49. By February, these prices could rise to a maximum of ₹164.66 and a minimum of ₹126.66. In March, the maximum is projected at ₹171.08, with a minimum of ₹131.60. As we step into April, the maximum price is expected to be ₹167.73, and the minimum ₹129.02. By June, the maximum is anticipated to reach ₹170.17, with a minimum of ₹130.90. In July, projections suggest a maximum price of ₹166.83 and a minimum of ₹128.33. By September, the maximum could rise to ₹178.01, with a minimum of ₹136.93. In October, the maximum is expected at ₹182.64, with a minimum of ₹140.49. By November, the prices are projected to reach a maximum of ₹187.21 and a minimum of ₹144.00. Finally, in December 2030, Suzlon Energy’s share prices are anticipated to peak at ₹191.89, with a minimum of ₹147.60.
Suzlon Energy Financial Condition: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 2,973 | 3,346 | 6,582 | 5,971 | 6,529 |
| Expenses + | 3,829 | 2,809 | 5,682 | 5,137 | 5,500 |
| Operating Profit | -856 | 537 | 900 | 833 | 1,029 |
| OPM % | -29% | 16% | 14% | 14% | 16% |
| Other Income + | -42 | 823 | 95 | 2,739 | -15 |
| Interest | 1,367 | 996 | 735 | 421 | 164 |
| Depreciation | 419 | 258 | 260 | 260 | 190 |
| Profit before tax | -2,684 | 105 | 0 | 2,892 | 659 |
| Tax % | 0% | 4% | 41648% | 0% | 0% |
| Net Profit + | -2,692 | 104 | -177 | 2,887 | 660 |
| EPS in Rs | -4.01 | 0.1 | -0.17 | 2.28 | 0.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Suzlon Energy’s sales trajectory has fluctuated over the past five fiscal years, beginning at ₹2,973 crore in March 2020, peaking at ₹6,582 crore in March 2022, and stabilizing at ₹6,529 crore by March 2024. The company’s expenses have varied as well, from ₹3,829 crore in March 2020 to a low of ₹2,809 crore in March 2021, then rising to ₹5,682 crore in March 2022, and gradually reducing to ₹5,500 crore by March 2024. Operating profit (OP) saw significant fluctuations, transitioning from a loss of ₹856 crore in March 2020 to a profit of ₹1,029 crore in March 2024, reflecting improved operational efficiency. The operating profit margin (OPM) also showed variability, starting at -29% in March 2020 and improving to 16% by March 2024, indicating better cost management and profitability. Other income experienced notable fluctuations, ranging from -₹42 crore in March 2020 to a high of ₹2,739 crore in March 2023, before stabilizing at -₹15 crore in March 2024. Interest expenses consistently declined from ₹1,367 crore in March 2020 to ₹164 crore by March 2024, reflecting improved financial management, while depreciation expenses remained relatively stable around ₹260 crore annually. Suzlon Energy’s profitability showed a significant turnaround, from a net loss of ₹2,692 crore in March 2020 to a profit of ₹660 crore by March 2024, driven by better sales performance and cost controls. Earnings per share (EPS) improved from -₹4.01 in March 2020 to ₹0.49 by March 2024, reflecting enhanced profitability and a better earnings outlook for shareholders. The company did not distribute dividends during this period, focusing on reinvestment and financial restructuring.
FAQS
What is the current share price of Suzlon Energy?
As of June 28, 2024, the share price of Suzlon Energy stands at ₹53.4.
What is the share price Prediction of Suzlon Energy for 2025?
The Share Price Prediction of Suzlon Energy is projected to reach ₹74.42 by the end of 2025.
What is the Maximum share price Prediction of Suzlon Energy for 2030?
The Maximum share Price Prediction of Suzlon Energy is expected to reach ₹191.89 by the end of 2030.
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Conclusion
In conclusion, Suzlon Energy has shown remarkable resilience and strategic acumen in its recent financial performance. Despite a slight decrease in quarterly profit, the company achieved a significant 29% increase in revenue to ₹2,179.20 crore in Q4 FY24, along with a notable 54% rise in EBITDA to ₹357.2 crore. Suzlon’s ability to secure its largest-ever order book of 3.3 GW highlights its leadership in the renewable energy sector and the strong market demand. With a full-year revenue of ₹6,497 crore and a profit of ₹714 crore, Suzlon Energy’s solid performance and operational efficiency position it well for sustained growth and profitability in the future.
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