Suzlon Energy Ltd. is a key player in the renewable energy sector, particularly in wind energy, with a strong presence in India and operations across several countries. This blog provides an overview of the company’s financial performance, share price movements in 2024, and projected targets from 2024 to 2035.
Company Financials
Recent Financial Performance
Suzlon Energy has shown notable growth in its financial metrics over the past quarters. Here are some highlights:
- Q2 FY25 Results (ending September 30, 2024):
- Net Revenue: ₹2,093 million (up 47.68% YoY from ₹1,417 million)
- EBITDA: ₹294 million
- Net Profit After Tax (PAT): ₹201 million (up 95.72% YoY from ₹102 million)
- Full Year FY24 Results:
- Total Revenue: ₹65,675.1 million (up from ₹59,901.6 million YoY)
- Net Income: ₹6,603.5 million (down from ₹28,490.1 million YoY)
- Basic Earnings Per Share (EPS): ₹0.50 (down from ₹2.64 YoY)
Key Financial Ratios (as of March 31, 2024)
- Gross Margin: 39.37%
- Operating Margin: 13.51%
- Net Profit Margin: 10.05%
- Return on Investment (ROI): 20.72%
- Debt to Equity Ratio: 0.18
- Current Ratio: 1.76
2024 Share Performance
In 2024, Suzlon Energy’s stock has experienced significant fluctuations:
- The stock reached a 52-week high of ₹86.04 on September 12, 2024.
- Following this peak, the stock has faced a downturn:
- As of November 18, it closed at approximately ₹59.40, marking a decline of about 27% from its peak.
- Despite the recent decline, the stock is still up approximately 54% year-to-date, reflecting strong performance earlier in the year.
- Recent trading activity has shown some recovery; on November 18, the stock increased by 4.98%, indicating a potential upward trend amidst overall market recovery.
Projected Share Price Targets
The following table summarizes the anticipated share price targets for Suzlon Energy from 2024 to 2035:
| Year | Target Price Range (in ₹) | Average Target (in ₹) |
|---|---|---|
| 2024 | 44.15 – 54.10 | 49.12 |
| 2025 | 49.98 – 64.20 | 57.09 |
| 2026 | 59.03 – 72.34 | 65.69 |
| 2027 | 76.72 – 80.20 | 78.46 |
| 2028 | 78.43 – 96.36 | 87.39 |
| 2029 | 83.31 – 104 | 93.66 |
| 2030 | 87.00 – 142.53 | 114.77 |
| … | … | … |
| 2035 | 250 – 350 | ~300 |
By the end of 2035, analysts predict that Suzlon’s share price could range between ₹250 and ₹350, with an average target around ₹300.
Growth Drivers
Several factors are contributing to Suzlon’s anticipated growth:
- Government Policies: The Indian government’s commitment to renewable energy is expected to drive demand for wind energy solutions.
- Market Demand: Increasing global awareness and demand for sustainable energy sources position Suzlon favorably within the industry.
- Technological Advancements: Continuous innovation in turbine technology enhances efficiency and competitiveness.
- Financial Restructuring: Ongoing efforts to reduce debt and improve operational efficiency are likely to bolster profitability.
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