āagman

Not investment advice. Data and computed figures, for information only.

Suzlon Energy Ltd

NSE: SUZLONF&O
₹42.00
+₹1.05 (+2.56%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹51,271 Cr
CMP
₹42.00
52-wk High / Low
₹62 / 36
P/E
16.3
P/B
5.4
Book Value
₹7.0
Div Yield
0.00%
ROCE
34.0%
ROE
39.7%
Face Value
₹2
D/E
0.06

Price−22.7% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹19
√(22.5 × EPS × book value per share)
ROIC
27.0%
vs 12.3% sector median
Cash flow to profit
0.38
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−359
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
39.7%
ROE × earnings retention ratio
ROE stability
101.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.03FII +0.30DII +1.94
Latest quarter vs the previous one
Cash-accrual divergence
12.3%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 95.1% since FY2016 (11414 to 556)
+FII holding rose by 16.5pp over the last year
+PE of 16.3x is below the sector median of 43.6x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 31.7% below its 52-week high
−Promoter holding fell by 2.8pp over the last year
−Balance-sheet accruals of 12.3% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,3511,4211,5602,1962,0222,1032,9753,7903,1323,8714,2365,4933,829
Expenses1,1521,1961,3131,8391,6521,8092,4753,0962,5333,1503,4984,5293,234
Operating Profit199225248357370294500693599721738964595
OPM %14.7%15.8%15.9%16.3%18.3%14.0%16.8%18.3%19.1%18.6%17.4%17.5%15.5%
Other Income19−289−16231828353327239733
Interest6244144445567085103110114135134
Depreciation555139444654669370758093106
Profit before tax101102203253302202391551459562567833389
Net Profit1011022032543022013881,1813241,2794451,114305
EPS (₹)0.080.080.150.190.220.150.290.870.240.940.330.820.22

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales19,9549,48312,7148,1165,0252,9733,3466,5825,9716,52910,89016,73217,429
Expenses25,7039,76710,2357,1405,0483,8292,8095,6825,1375,4929,02613,70714,411
Operating Profit−5,749−2832,479977−23−8565379008331,0371,8633,0253,019
OPM %−28.8%−3.0%19.5%12.0%−0.5%−28.8%16.0%13.7%14.0%15.9%17.1%18.1%17.3%
Other Income−1942,56310955592−42823952,739−2497178180
Interest2,0651,3041,2881,5811,2701,367996735421164255462493
Depreciation809392389342342419258260260190259318354
Profit before tax−8,816584912−391−1,543−2,68410502,8926591,4472,4222,352
Net Profit−9,133583852−384−1,537−2,692104−1772,8876602,0723,1633,144
EPS (₹)−19.950.941.38−0.57−2.32−4.010.10−0.172.280.491.532.332.31

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital7421,0041,0051,0641,0641,0641,7021,8432,4542,7222,7322,745—
Reserves−8,064−8,537−7,846−8,031−9,562−12,047−5,045−5,369−1,3551,1993,3746,719—
Borrowings17,81111,41411,11411,99611,55213,2106,9256,4651,938150323556—
Other Liabilities11,2435,8427,8876,0925,8164,3033,0193,5352,4863,1086,5318,850—
Total Liabilities21,7319,72312,16011,1218,8716,5306,6016,4755,5237,17912,96018,869—
Fixed Assets5,8431,5731,6651,4631,5201,3581,1661,0598668861,7802,296—
CWIP35623320635322912210720620105190—
Investments2663936706720202300843217—
Other Assets15,2667,5249,6199,2377,1025,0305,3055,3964,6516,26411,03216,166—
Total Assets21,7319,72312,16011,1218,8716,5306,6016,4755,5237,17912,96018,869—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5681,119−7391,602−1091,267−9295301,302491801,0921,202
Cash from Investing Activity−439−8254,482−643−138125−32−24−1985−152−749−914
Cash from Financing Activity360−199−5,656−1,249492−1,898969−327−1,045−709132343−155
Net Cash Flow48995−1,914−290245−5068180238−13360686133

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %−5.0−48.011.053.015.0−8.0−48.010.021.020.025.033.034.0
ROE %————————————39.7
EPS (₹)−11.43−19.950.941.38−0.57−2.32−4.010.10−0.172.280.491.532.33
Book Value (₹)————————————7.0
Face Value (₹)————————————2
P/E————————————16.3
Div Yield %————————————0.00
NPM %−17.4−46.24.86.6−4.4−30.0−91.82.5−2.733.110.118.918.7
OPM %0.0−29.0−3.020.012.0−0.5−29.016.014.014.016.017.018.0
D/E—————————1.760.040.050.06
P/B————————————5.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+6.0%
5 years+38.0%
3 years+41.0%
TTM+45.0%
Compounded profit growth
10 years+23.0%
5 years+45.0%
3 years+163.0%
TTM+50.0%
Stock price CAGR
10 years+11.0%
5 years+41.0%
3 years+11.0%
Last year−31.0%
Return on equity
3 years38.0%
Last year40.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters21.00%21.00%19.82%19.82%19.79%17.17%15.85%14.50%13.28%13.25%11.73%11.70%—
FIIs11.68%11.68%10.06%6.25%3.63%4.22%5.52%7.64%19.57%23.04%23.85%24.15%—
DIIs7.78%7.78%10.16%7.19%5.06%16.54%13.57%5.55%6.30%8.73%9.18%11.12%—
Government0.02%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public59.54%59.54%59.95%66.74%71.52%62.07%65.06%72.30%60.85%54.98%55.23%53.02%—
No. of shareholders9,73,1979,73,19710,22,65610,17,09010,01,88411,17,92720,70,70924,42,67243,55,16956,74,61956,95,35455,36,345—

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Rumour verification - Regulation 30(11)Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 3 Oct 2022
3 Oct 2022RIGHTSRights 5:21 @ Premium Rs 3/-—
9 Jun 2010RIGHTSRights 2:15 @ Premium Rs.61/-—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman