Suzlon Share Price Today: Q1 Results, Order Book, and Renewable Energy Outlook

Suzlon remains in focus as its Q1 results, leadership changes, and order inflows shape market sentiment. Here’s a detailed look at Suzlon’s share price, performance, and renewable energy outlook.

Executive Summary: A Transformational Success Story in India’s Green Energy Revolution

Suzlon Energy Limited has emerged as an unstoppable force in India’s renewable energy transformation, delivering extraordinary financial performance that has captured the attention of astute investors nationwide. With remarkable 200% year-on-year profit growth for Q1 FY25, reaching Rs 302 crores, the company has demonstrated its exceptional ability to capitalize on India’s ambitious renewable energy targets.

As of September 15, 2025, Suzlon share price stands at ₹58.25, reflecting the market’s growing confidence in the company’s strategic direction and outstanding operational performance. With market capitalization of ₹77,647 crores, Suzlon represents a compelling investment opportunity for those seeking exposure to India’s booming green energy sector.

The company’s phenomenal transformation from financial distress to industry leadership showcases the visionary management’s ability to navigate complex market dynamics while delivering consistent shareholder value. This comprehensive analysis reveals why Suzlon Energy stands as a game-changing investment in the renewable energy space.

Suzlon Share Price Analysis: Outstanding Market Performance

Current Trading Dynamics – Exceptional Momentum

As of September 2, 2025, Suzlon shares closed at ₹58.25, demonstrating remarkable resilience in volatile market conditions. The stock has shown impressive volatility patterns with 52-week high of ₹86.04 and 52-week low of ₹46.15, indicating substantial trading opportunities for both short-term and long-term investors.

Key Price Metrics – September 2025

Current Price: ₹58.25 (as of September 15, 2025)
52-Week High: ₹86.04 (+47.7% upside potential)
52-Week Low: ₹46.15 (+26.2% above low)
Market Capitalization: ₹78,667 crores
Average Daily Volume: 15-20 million shares
Price-to-Earnings Ratio: 12.7x (attractive valuation)

Technical Analysis Insights

Support Levels: Strong support at ₹55-56 range
Resistance Levels: Key resistance at ₹65 and ₹75 levels
Moving Averages: Trading above 50-day MA, approaching 200-day MA
RSI Indicator: Currently at 58, indicating balanced momentum
Volume Trends: Above-average volumes supporting price movements

Historical Performance – Remarkable Recovery Journey

The extraordinary transformation of Suzlon’s share price reflects the company’s successful turnaround strategy:

5-Year Price Journey

September 2020: ₹3.45 (pre-recovery phase)
September 2021: ₹8.20 (+137% growth)
September 2022: ₹12.15 (+48% growth)
September 2023: ₹28.50 (+134% growth)
September 2024: ₹65.20 (+129% growth)
September 2025: ₹58.25 (-10.6% consolidation phase)

This phenomenal 1,589% growth over five years represents one of the most spectacular recoveries in Indian equity markets, showcasing the incredible potential of renewable energy investments.

Q1 FY25 Results: Spectacular Financial Performance

Revenue Excellence – Outstanding Growth Metrics

Suzlon delivered impressive Q1 FY25 results with revenue of ₹2,016 crores compared to ₹1,348 crores in the previous year, representing a remarkable 49.6% year-on-year growth. This outstanding performance underscores the company’s exceptional ability to capture market opportunities in India’s expanding renewable energy sector.

Detailed Revenue Analysis

Q1 FY25 Revenue: ₹2,016 crores
Q1 FY24 Revenue: ₹1,348 crores
Growth Rate: +49.6% YoY (industry-leading performance)
Revenue Run Rate: ₹8,064 crores annually
Market Share Impact: Strengthened position in wind energy sector

Revenue Composition Breakdown

Wind Turbine Generator (WTG) Sales: 75% (₹1,512 crores)
Operation & Maintenance Services: 15% (₹302 crores)
Spare Parts & Components: 8% (₹161 crores)
Other Services: 2% (₹41 crores)

Profitability Surge – Exceptional Bottom-Line Performance

The most spectacular aspect of Suzlon’s Q1 performance was its extraordinary profit growth. Net profit jumped an astounding 200% to Rs 302 crores from Rs 101 crores in the previous year, demonstrating the company’s superior operational efficiency and strategic execution excellence.

Profitability Metrics – Q1 FY25

Net Profit: ₹302 crores (+200% YoY)
EBITDA: ₹370 crores vs ₹199 crores YoY
EBITDA Margin: 18.4% vs 14.8% YoY (+360 bps improvement)
Operating Margin: 16.8% (industry-leading performance)
Net Profit Margin: 15.0% (exceptional efficiency)

Margin Expansion Drivers

Operational Efficiency: Streamlined manufacturing processes
Scale Benefits: Higher capacity utilization rates
Product Mix Optimization: Focus on higher-margin turbines
Cost Management: Effective raw material procurement strategies
Technology Upgrades: Advanced manufacturing capabilities

Operational Excellence – Record-Breaking Achievements

Q1 FY25 marked the highest quarterly deliveries in 7 years at 274 MW, showcasing Suzlon’s remarkable operational capabilities and exceptional project execution skills. This outstanding performance reflects the company’s strategic focus on meeting growing market demand.

Key Operational Highlights

Wind Turbine Deliveries: 274 MW (7-year high)
Capacity Utilization: 85% (optimal efficiency levels)
Project Completion Rate: 98% (industry-leading performance)
Quality Standards: Zero major quality issues reported
Customer Satisfaction: 95% client satisfaction rate

Manufacturing Excellence

Production Capacity: 4.5 GW manufacturing capacity with 10 new production lines
Manufacturing Efficiency: 92% overall equipment effectiveness
Quality Certifications: ISO 9001, ISO 14001, OHSAS 45001
Technology Integration: Advanced automation systems
Supply Chain Optimization: 15% reduction in procurement costs

Business Performance Analysis: Comprehensive Growth Metrics

Order Book Strength – Unprecedented Business Visibility

Suzlon boasts the largest-ever order book of 3.8 GW since inception (29 years), providing exceptional business visibility and guaranteed revenue streams for the next 24-30 months. This unprecedented order book strength reflects the tremendous market confidence in Suzlon’s execution capabilities.

Order Book Composition

Total Order Book: 3.8 GW (₹22,800 crores revenue potential)
Firm Orders: 2.8 GW (₹16,800 crores)
Letter of Intent: 1.0 GW (₹6,000 crores)
Average Order Size: 50-100 MW per project
Geographic Distribution: Pan-India presence

Order Book Analysis by State

Gujarat: 25% (950 MW) – Leading renewable energy state
Rajasthan: 20% (760 MW) – High wind potential region
Tamil Nadu: 18% (684 MW) – Established wind market
Karnataka: 15% (570 MW) – Growing renewable focus
Maharashtra: 12% (456 MW) – Industrial demand driver
Others: 10% (380 MW) – Emerging markets

Client Portfolio – Blue-Chip Customer Base

Suzlon’s exceptional client portfolio includes leading corporates, IPPs, and government entities, demonstrating the company’s strong market position and trusted brand reputation.

Key Customer Categories

Independent Power Producers (IPPs): 40% of order book
Corporate Clients: 35% of order book
State Electricity Boards: 15% of order book
International Clients: 10% of order book

Major Client Relationships

Adani Green Energy: Multi-year strategic partnership
ReNew Power: Long-term supply agreements
Tata Power: Comprehensive renewable solutions
NTPC: Government sector collaboration
CLP India: International partnership

Financial Health Analysis: Robust Balance Sheet Fundamentals

Revenue Growth Trajectory – Consistent Excellence

Suzlon’s remarkable revenue growth over the past five years showcases the company’s exceptional ability to capitalize on India’s renewable energy boom:

Annual Revenue Performance (₹ Crores)

FY 2020: ₹4,251 crores (recovery beginning)
FY 2021: ₹5,478 crores (+28.9% growth)
FY 2022: ₹6,234 crores (+13.8% growth)
FY 2023: ₹8,952 crores (+43.6% growth)
FY 2024: ₹12,000 crores (+34.0% growth)
FY 2025E: ₹15,500 crores (+29.2% projected growth)

5-Year Revenue CAGR: 29.8% – Outstanding growth trajectory

Profitability Analysis – Superior Margins

The company’s exceptional profitability metrics reflect world-class operational efficiency and strategic market positioning:

Annual Profit Performance

FY 2024 Net Profit: ₹2,094 crores
Net Profit Margin: 17.5% (industry-leading)
EBITDA Margin: 22.8% (exceptional efficiency)
Return on Equity (ROE): 18.5% (superior returns)
Return on Capital Employed (ROCE): 16.2% (capital efficiency)

Quarterly Profit Trends

Q1 FY25: ₹302 crores (+200% YoY)
Q4 FY24: ₹485 crores (+365% YoY)
Q3 FY24: ₹428 crores (+180% YoY)
Q2 FY24: ₹368 crores (+150% YoY)

Balance Sheet Strength – Financial Stability

Asset Quality

Total Assets: ₹18,500 crores
Fixed Assets: ₹8,200 crores (modern manufacturing facilities)
Current Assets: ₹10,300 crores (healthy working capital)
Cash & Equivalents: ₹2,150 crores (strong liquidity)
Inventory: ₹3,800 crores (optimal levels)

Debt Management

Total Debt: ₹6,500 crores (manageable levels)
Net Debt: ₹4,350 crores (after cash adjustment)
Debt-to-Equity Ratio: 0.68 (conservative leverage)
Interest Coverage Ratio: 4.2x (comfortable coverage)
Debt Maturity: Well-distributed profile

Working Capital Management

Working Capital Days: 95 days (industry benchmark)
Inventory Days: 78 days (efficient management)
Debtor Days: 82 days (healthy collection)
Creditor Days: 65 days (optimal payment terms)

Industry Leadership and Market Position

Market Share Dominance – Leading Position

Suzlon maintains a commanding position in India’s wind energy market, with substantial market share across key segments:

Market Share Analysis

Overall Wind Market Share: 28% (market leader)
New Installation Share: 32% (dominant position)
Service Market Share: 35% (largest service provider)
Export Market Share: 15% (growing international presence)

Competitive Positioning

Suzlon Energy: 28% market share (leader)
Vestas Wind Systems: 22% market share
GE Renewable Energy: 18% market share
Siemens Gamesa: 16% market share
Others: 16% market share

Technology Leadership – Innovation Excellence

Product Portfolio Superiority

S144 Series: Industry-leading 3.0-3.15 MW turbines
Advanced Technology: State-of-the-art aerodynamic design
Efficiency Ratings: 98.5% availability factor
Wind Speed Optimization: Class II and Class III wind sites
Grid Compliance: Latest grid code requirements

R&D Investment Excellence

R&D Expenditure: ₹180 crores annually (1.5% of revenue)
Patent Portfolio: 150+ patents granted
Research Centers: 4 global R&D facilities
Technology Partnerships: Collaboration with leading institutes
Innovation Pipeline: 12 new products under development

Growth Drivers and Strategic Initiatives

Government Policy Support – Massive Opportunity

The unprecedented government support for renewable energy creates extraordinary growth opportunities for Suzlon:

Policy Catalyst Framework

Renewable Energy Target: 500 GW by 2030 (current: 175 GW)
Wind Energy Target: 140 GW by 2030 (current: 70 GW)
Investment Required: $350 billion total sector investment
Annual Addition Target: 25-30 GW renewable capacity
Wind Share: 35-40% of total renewable additions

Supportive Policy Measures

Production Linked Incentive (PLI): ₹4,500 crores for solar PV modules
Renewable Purchase Obligations (RPO): Mandatory 21% by 2030
Green Energy Corridor: ₹12,000 crores transmission investment
Viability Gap Funding: Financial support for projects
Tax Incentives: Accelerated depreciation and tax benefits

Corporate Renewable Demand – Explosive Growth

Fortune 500 companies are increasingly adopting aggressive renewable energy targets, creating unprecedented demand for wind energy solutions:

Corporate Demand Drivers

ESG Compliance: Mandatory sustainability reporting
Carbon Neutrality Goals: Net-zero commitments by 2030-2050
Cost Competitiveness: Wind power cost parity with conventional energy
Energy Security: Reduced dependence on fossil fuels
Brand Value Enhancement: Green energy adoption benefits

Major Corporate Commitments

Reliance Industries: 100 GW renewable capacity by 2030
Tata Group: Carbon neutral by 2045
Adani Group: 500 GW renewable capacity by 2030
Mahindra Group: 100% renewable energy by 2025
ITC Limited: Carbon positive by 2030

Export Opportunities – Global Expansion

International Market Potential

Addressable Global Market: $180 billion by 2030
Key Target Markets: Southeast Asia, Africa, Latin America
Export Revenue Target: 25% of total revenue by FY 2028
Current Export Markets: 15 countries across 4 continents

Global Competitive Advantages

Cost Leadership: 15-20% cost advantage over European competitors
Technology Excellence: Proven technology with local adaptation
Service Capabilities: Comprehensive O&M services
Manufacturing Scale: Large-scale production capabilities
Financial Strength: Strong balance sheet for international expansion

Strategic Initiatives and Expansion Plans

Capacity Expansion Program – Aggressive Growth

Manufacturing Capacity Enhancement

Current Capacity: 4.5 GW manufacturing capacity
Target Capacity: 8.0 GW by FY 2027
Investment Required: ₹2,500 crores over 3 years
New Facilities: 2 additional manufacturing plants
Technology Upgrade: Advanced automation and digitization

Geographic Expansion

New Manufacturing Locations: Gujarat and Tamil Nadu
Service Centers: 25 additional service centers nationwide
Warehouse Network: 15 regional warehouses
Skill Development: Training 5,000+ technicians
Local Employment: Creating 10,000+ direct jobs

Technology Innovation Roadmap

Next-Generation Turbine Development

S155 Series: 4.0-4.5 MW turbines under development
Offshore Wind: Exploring offshore wind opportunities
Energy Storage Integration: Hybrid wind-storage solutions
Digital Twin Technology: Advanced predictive maintenance
AI-Powered Operations: Intelligent turbine management systems

Digitalization Initiative

IoT Integration: Real-time turbine monitoring
Predictive Analytics: AI-driven performance optimization
Blockchain Technology: Renewable energy certificate trading
Mobile Applications: Customer engagement platforms
Data Analytics: Business intelligence capabilities

Risk Analysis and Mitigation Strategies

Business Risk Assessment

Market Risks – Comprehensive Analysis

Policy Changes: Potential modifications in government support
- Mitigation: Diversified revenue streams and export focus
- Impact Assessment: Low to medium risk
Raw Material Price Volatility: Steel and rare earth element prices
- Mitigation: Long-term supplier agreements and hedging
- Impact Assessment: Medium risk
Competition Intensification: Increasing market competition
- Mitigation: Technology leadership and cost optimization
- Impact Assessment: Medium risk
Grid Integration Challenges: Transmission infrastructure constraints
- Mitigation: Collaboration with transmission companies
- Impact Assessment: Low to medium risk

Financial Risk Management

Currency Hedging: 80% of export receivables hedged
Interest Rate Risk: Fixed-rate debt comprising 70% of total debt
Credit Risk: Diversified customer base with strong credit ratings
Liquidity Risk: Strong cash position and credit facilities

Operational Risk Mitigation

Supply Chain Resilience

Vendor Diversification: Multiple suppliers for critical components
Local Sourcing: 75% components sourced domestically
Inventory Management: Strategic stockpiling of key materials
Quality Assurance: Rigorous supplier quality programs
Backward Integration: In-house manufacturing of critical components

Leadership Team and Corporate Governance

Executive Leadership – Proven Track Record

Mr. Tulsi Tanti – Chairman

Experience: 30+ years in wind energy industry
Vision: Pioneer of India’s wind energy revolution
Leadership: Built Suzlon from startup to global leader
Recognition: Multiple industry awards and accolades

Mr. J.P. Chalasani – Chief Executive Officer

Background: Former CEO of GE Energy India
Experience: 25+ years in power and renewable energy
Expertise: Strategic planning and operational excellence
Achievement: Led successful turnaround strategy

Mr. Himanshu Mody – Group Chief Financial Officer (Recently resigned)

Transition: Smooth leadership transition planned
Interim Arrangement: Experienced finance team in place
Succession: Search for new CFO in advanced stages
Continuity: No impact on financial operations expected

Board of Directors – Governance Excellence

Independent Directors

Ms. Naina Lal Kidwai: Former Country Head, HSBC India
Mr. Vinod Kumar Dasari: Former CEO, Ashok Leyland
Dr. Devanathan Ram: Energy industry expert
Mr. Girish Tanti: Co-promoter and strategic advisor

Corporate Governance Standards

Board Independence: 60% independent directors
Committee Structure: Robust committee framework
Transparency: Regular stakeholder communication
Compliance: Zero governance violations
ESG Framework: Comprehensive sustainability reporting

Investment Thesis and Recommendations

Bull Case Scenario – Exceptional Upside Potential

Key Positive Catalysts

Government Policy Support: Unprecedented renewable energy targets
Market Leadership: Dominant position in growing market
Financial Recovery: Complete transformation from distressed to profitable
Order Book Visibility: Record 3.8 GW order book ensuring revenue visibility
Technology Leadership: Advanced turbine technology and innovation
Corporate Demand: Explosive growth in corporate renewable adoption

Bull Case Price Targets

12-Month Target: ₹95 per share (+63% upside)
24-Month Target: ₹125 per share (+115% upside)
Long-term Target (5 years): ₹200 per share (+243% upside)

Base Case Scenario – Steady Growth Expectations

Moderate Growth Assumptions

Revenue CAGR: 25% over next 3 years
Margin Expansion: 100-150 bps annually
Market Share: Maintain leadership position
Debt Reduction: Gradual deleveraging
Dividend Initiation: Potential dividend payment from FY 2027

Base Case Price Target: ₹80 per share (+37% upside)

Bear Case Scenario – Risk Considerations

Potential Challenges

Policy Reversal: Reduction in government support
Raw Material Inflation: Sustained cost pressures
Competition: Market share loss to competitors
Execution Risks: Project delivery challenges
Debt Concerns: Leverage-related issues

Bear Case Price Target: ₹45 per share (-23% downside risk)

Investment Recommendation – STRONG BUY

Overall Assessment

Investment Rating: STRONG BUY with high conviction
Risk-Reward Ratio: Highly favorable (3:1 reward-to-risk)
Investment Horizon: Medium to long-term (2-5 years)
Portfolio Allocation: 3-5% for aggressive growth portfolios

Target Investor Profile

Growth Investors: Seeking exposure to renewable energy boom
Turnaround Story Investors: Attracted to successful transformation
ESG Investors: Sustainable investment focus
Sector Rotation: Shift from traditional to new energy
Export Theme: Beneficiary of global renewable adoption

Comprehensive FAQ Section

1. What is Suzlon Energy known for and what makes it a market leader?

Suzlon Energy is India’s pioneering wind energy company and one of the world’s leading manufacturers of wind turbines. Established in 1995, the company has revolutionized India’s renewable energy landscape by delivering over 19 GW of wind power capacity globally across 17+ countries.

Key Leadership Factors:

Market Position: Holds 28% market share in India’s wind energy market
Technology Excellence: Advanced S144 series turbines with industry-leading efficiency
Manufacturing Scale: 4.5 GW manufacturing capacity with state-of-the-art facilities
Service Network: Largest wind turbine service provider in India with 95% customer satisfaction
Innovation Focus: 150+ patents and continuous R&D investment of 1.5% of revenue

2. How did Suzlon perform in Q1 FY25 and what were the key highlights?

Suzlon delivered spectacular Q1 FY25 results that exceeded all market expectations:

Financial Performance:

Revenue: ₹2,016 crores vs ₹1,348 crores YoY (+49.6% growth)
Net Profit: ₹302 crores vs ₹101 crores YoY (+200% growth)
EBITDA: ₹370 crores vs ₹199 crores YoY (+86% growth)
EBITDA Margin: 18.4% vs 14.8% YoY (+360 bps improvement)

Operational Highlights:

Wind Turbine Deliveries: 274 MW (highest Q1 deliveries in 7 years)
Order Book: Record 3.8 GW order book (largest since inception)
Manufacturing Efficiency: 85% capacity utilization with optimal performance
Quality Standards: Zero major quality issues with 98% project completion rate

3. What is the current Suzlon share price and what are the key technical levels?

Current Market Data (September 15, 2025):

Share Price: ₹58.25 (as of September 2, 2025)
Market Cap: ₹77,647 crores
52-Week Range: ₹46.15 – ₹86.04
Daily Volume: 15-20 million shares average
Price-to-Book Ratio: 12.7 times

Technical Analysis:

Support Levels: ₹55-56 (strong), ₹50-52 (major)
Resistance Levels: ₹65-67 (immediate), ₹75-78 (strong)
Moving Averages: Above 50-day MA, approaching 200-day MA
Momentum Indicators: RSI at 58 (balanced), MACD showing positive divergence
Volume Trends: Above-average institutional participation

4. What are Suzlon’s major growth drivers and future expansion plans?

Key Growth Catalysts:

Government Policy Support:

India’s target of 500 GW renewable capacity by 2030 (currently 175 GW)
140 GW wind energy target creating massive market opportunity
₹4,500 crores PLI scheme and various tax incentives

Market Expansion:

Capacity Enhancement: Expanding from 4.5 GW to 8.0 GW by FY 2027
Geographic Expansion: New facilities in Gujarat and Tamil Nadu
Export Growth: Targeting 25% export revenue by FY 2028
Service Business: Expanding O&M services across India

Technology Innovation:

Next-Gen Turbines: S155 series 4.0-4.5 MW turbines under development
Digital Integration: IoT, AI, and predictive analytics implementation
Hybrid Solutions: Wind-solar-storage integrated offerings
Offshore Wind: Exploring offshore wind opportunities

5. How does Suzlon compare financially with other renewable energy companies?

Financial Performance Comparison:

Suzlon vs Industry Metrics:

Revenue Growth: 29.8% CAGR (vs industry average 18-22%)
EBITDA Margin: 22.8% (vs industry average 15-20%)
ROE: 18.5% (vs industry average 12-15%)
Debt-to-Equity: 0.68x (vs industry average 0.8-1.2x)
Market Share: 28% (largest in India wind market)

Peer Comparison (Market Cap basis):

Adani Green Energy: ₹2,15,000 crores (renewable IPP)
Tata Power: ₹85,000 crores (diversified power)
Suzlon Energy: ₹77,647 crores (wind turbine manufacturer)
Inox Wind: ₹12,500 crores (wind turbine manufacturer)

Competitive Advantages:

Technology Leadership: Advanced turbine efficiency and reliability
Market Position: Dominant market share with brand recognition
Service Network: Largest installed base providing recurring revenue
Financial Recovery: Complete transformation from losses to profitability

6. What are the major risks associated with investing in Suzlon Energy?

Key Risk Factors:

Business Risks:

Policy Dependency: 70% of demand driven by government renewable targets
Raw Material Volatility: Steel prices impacting 40% of turbine costs
Competition: Increasing market competition from global players
Grid Integration: Transmission infrastructure development challenges
Project Execution: Large project delivery and timeline risks

Financial Risks:

Debt Levels: ₹6,500 crores total debt requiring management
Working Capital: High inventory and receivables in project business
Currency Exposure: Export revenue subject to rupee fluctuation
Interest Rate Sensitivity: Debt servicing affected by rate changes

Market Risks:

Cyclical Demand: Renewable sector subject to economic cycles
Technology Disruption: Emerging technologies potentially displacing wind
Regulatory Changes: Modifications in renewable energy policies
Land Acquisition: Project sites availability and approval challenges

Risk Mitigation Strategies:

Diversification: Multiple revenue streams and geographic presence
Technology Innovation: Continuous R&D and product development
Financial Management: Gradual deleveraging and cash generation
Operational Excellence: Focus on efficiency and cost optimization

7. Should retail investors buy Suzlon shares at current levels?

Investment Recommendation for Retail Investors:

STRONG BUY – High Conviction Rating

Why Retail Investors Should Consider Suzlon:

Compelling Investment Thesis:

Sectoral Tailwinds: Massive renewable energy opportunity in India
Market Leadership: Dominant position in growing wind market
Financial Turnaround: Successful transformation to profitability
Reasonable Valuation: Trading at attractive 12.7x P/E ratio

Helpful Resources

Suzlon Energy Q1 results – LiveMint

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