⚡ At a Glance
Once the poster child of India’sgreen dream gone wrong,Suzlon Energy Ltdhas pulled off one of the mostunexpected comebacksin D-Street history. From a ₹9,000 Cr net loss in FY15 and negative net worth, it is now delivering:
- ₹10,890 Cr in FY25 revenue (+67% YoY)
- ₹2,072 Cr net profit,
- 32% ROCE,
- Profitable 5 quarters in a row,
- And even has a5.5 GW order bookfor FY26.
This is not just a turnaround. This is Suzlon 2.0 — with solar ambitions, debt-light operations, and FII fanboys.
🌪️ 1. About the Company
Suzlon Energy Ltd is avertically integrated wind turbine manufacturerand one of India’s OG renewable energy giants.
Core Businesses:
- WTG design, manufacturing (blades, nacelles, towers)
- Project planning and execution
- Operation & Maintenance (O&M)
- Power evacuation + turnkey EPC
Global Footprint:
- Installed 20+ GW globally
- Operates 111+ wind farms in 17 countries
- India remains the main cash cow
💡 TL;DR: Suzlon doesn’t just sell windmills — it sells the whole damn wind farm.
👔 2. Key Management & Shareholding
- Promoter Holding: Just 13.25% 🧂
- ButFII stake now 23.04%, up from 6.3% in 2022 😮
- Public Shareholding: Stable at ~55% — over5.6 million retail investorsonboard
Leadership remains old-school, but execution in FY24–25 feels like a start-up. Maybe wind did blow some fresh minds into management?
📊 3. Financials (12-Year Journey)
🧾 From Hell to Halo: Revenue & Profit
| FY | Revenue (₹ Cr) | Net Profit (₹ Cr) | OPM (%) | EPS (₹) |
|---|---|---|---|---|
| FY15 | ₹19,954 | ₹–9,133 | –29% | ₹–19.95 |
| FY20 | ₹2,973 | ₹–2,692 | –29% | ₹–4.01 |
| FY22 | ₹6,582 | ₹–177 | 14% | ₹–0.17 |
| FY23 | ₹5,971 | ₹2,887 | 14% | ₹2.28 |
| FY24 | ₹6,529 | ₹660 | 16% | ₹0.49 |
| FY25 | ₹10,890 | ₹2,072 | 17% | ₹1.53 |
📈5-Year Revenue CAGR: 30%📈5-Year Profit CAGR: 23%📉10-Year Revenue CAGR: –6% (classic fall-then-rise)
