Suzlon Energy Stock Analysis 2025: Record Order Wins & Wind Capacity Ramp-Up Driving Turnaround Momentum
Suzlon Energy Limited, a pioneer in India's wind energy sector, is witnessing a remarkable turnaround in 2025, fueled by record order wins exceeding 6 gigawatts (GW) and a significant ramp-up in wi...
Suzlon Energy Stock Analysis 2025: Record Order Wins & Wind Capacity Ramp-Up Driving Turnaround Momentum
What You Can Do Next
- Read the full article for complete insights
- Save for later reference
- Share with others learning about this topic
Image not available
Suzlon Energy Limited, a pioneer in India's wind energy sector, is witnessing a remarkable turnaround in 2025, fueled by record order wins exceeding 6 gigawatts (GW) and a significant ramp-up in wind turbine capacity to 4.5 GW fully operational. As of December 16, 2025, the stock trades at ₹52.67 on the NSE, down 30% from its 52-week high of ₹74.30 but up impressively with 3-year returns of 942.95% and 5-year returns of 1379.53%, reflecting its volatile yet high-growth potential. The Q2 FY26 results were a standout, with revenues surging 84.69% YoY to ₹3,866 crore, net profit skyrocketing 539.08% to ₹1,279 crore, and record delivery of 565 MW wind capacity. This momentum is driven by a robust order book, strategic shift to balanced EPC models, and alignment with India's renewable energy targets under the National Wind-Solar Hybrid Policy and PLI scheme. For Indian retail investors and professionals eyeing the green energy boom, Suzlon presents a compelling case amid SEBI-regulated disclosures and favorable government incentives. However, with high valuation (P/E 22.81) and sector volatility, this analysis dissects fundamentals, technicals, peers, and actionable strategies to navigate the 2025 outlook.
Q2 FY26 Results: Record Execution and Financial Turnaround
Suzlon Energy's Q2 FY26 (ended September 2025) marked a pivotal milestone, with record-breaking delivery of 565 MW wind capacity, up 120.7% YoY from 256 MW, driving revenues to ₹3,866 crore (84.69% YoY growth) and net profit to ₹1,279 crore (539% YoY surge). EBITDA jumped 225.9% to ₹2,350 crore with margins expanding to 21.17% from 12.59%. This performance underscores operational efficiency, a net cash position, and proactive receivable management despite rising financing costs. The order book surpassed 6 GW, with 2 GW wins in H1 FY26, and manufacturing capacity at 4.5 GW fully ramped up, commissioning 270 MW in H1 with 1,865 MW pipeline. Girish Tanti, Vice Chairman, highlighted 11 straight quarters of PAT, revenue, and EBITDA growth, positioning Suzlon as a leader in India's 500 GW renewable target by 2030.
Metric | Q2 FY26 | Q2 FY25 | YoY Growth (%) |
|---|---|---|---|
| Revenue (₹ Cr) | 3,866 | 2,093 | 84.69 |
| EBITDA (₹ Cr) | 2,350 | 721 | 225.9 |
| Net Profit (₹ Cr) | 1,279 | 200 | 539.08 |
| Wind Delivery (MW) | 565 | 256 | 120.7 |
| EBITDA Margin (%) | 21.17 | 12.59 | 68.2 |
*Table 1: Q2 FY26 Key Financials (Source: Company Results, Tickertape)*
This execution de-risks the business, with O&M margins at 20-23% and target overall margins of 10-11%. Compared to peers, Suzlon's profitability turnaround outpaces Inox Wind and KPI Green, aligning with SEBI-mandated disclosures on project pipelines.
Order Book and Execution Pipeline
The order book hit over 6 GW (₹92,870 Cr value), up from ₹83,480 Cr in June 2025, with land development and EPC balance enhancing execution. 270 MW commissioned in H1 FY26, with 1,865 MW in pipeline, supports FY26 guidance. This positions Suzlon favorably under India's RPO mandates and hybrid wind-solar incentives.
Stock Performance and Valuation Metrics
As of December 16, 2025, Suzlon trades at ₹52.67 (NSE), with market cap ~₹86,470 Cr, 52-week range ₹46.15-₹74.30 (30% off highs). P/E at 22.81 reflects high growth premium, ROE at 40.37% signals efficiency, and near-zero debt enhances appeal. YTD returns -19.58%, but 3Y +942.95%, 5Y +1379.53% showcase multibagger status. Recent volume surge (1.14 Cr shares on Dec 12, ₹6,052 lakh value) indicates interest, though delivery dipped 33%, hinting speculation.
Metric | Value | vs Nifty Midcap 50 |
|---|---|---|
| Current Price (₹) | 52.67 | - |
| Market Cap (₹ Cr) | 86,470 | - |
| P/E Ratio | 22.81 | High |
| ROE (%) | 40.37 | Strong |
| Debt/Equity | ~0 | Low |
| 1Y Return (%) | -2.09 | Underperforms (3.27%) |
*Table 2: Key Valuation Metrics (Dec 16, 2025; Source: NSE, Angel One)*
Period | Suzlon Return (%) | Nifty Midcap 50 (%) |
|---|---|---|
| 1M | -6.05 | -1.07 |
| 3M | 10.11 | - |
| 1Y | -2.09 | 3.27 |
| 3Y | 942.95 | - |
*Table 3: Historical Returns (Source: IndMoney)*
Valuation appears stretched vs sector avg P/E ~20, but growth justifies premium.
Technical Indicators
Short-term bullish: +2.87% in 2 days, above 5-day MA, but below 20/50/100/200-day MAs. Watch breakout above ₹58 for uptrend confirmation. Volume spikes signal accumulation amid renewable sector correction (Suzlon down 30% from highs).
Peer Comparison: Suzlon vs Renewable Energy Peers
Suzlon leads in order book and execution vs peers like Inox Wind, KPI Green Energy. Its debt-free status and 40% ROE outshine competitors, though stock lags recent highs amid sector pullback (renewables down up to 57%).
Company | Market Cap (₹ Cr) | P/E | ROE (%) | Order Book (GW) | 1Y Return (%) |
|---|---|---|---|---|---|
| Suzlon Energy | 86,470 | 22.81 | 40.37 | >6 | -2.09 |
| Inox Wind | 25,000 | 45.2 | 12.5 | 2.8 | -15.2 |
| KPI Green | 12,500 | 35.6 | 28.4 | 3.2 | 45.3 |
*Table 4: Peer Comparison (Est. FY26; Sources: Equitymaster, Screener)*
Aspect | Pros | Cons |
|---|---|---|
| Fundamentals | Debt-free, 22.9% 5Y profit CAGR | High receivables risk |
| Growth | 6GW+ order book | Execution delays possible |
| Valuation | Strong ROE | P/E premium to peers |
*Table 5: Pros vs Cons*
Suzlon's scale gives edge in PLI-compliant manufacturing.
Sector Valuation Snapshot
Renewable sector P/E avg 25x, P/B 4.5x, DY 0.5%. Suzlon trades at discount to growth peers but premium to traditional energy. Favorable vs Nifty Energy (P/E 18x).
Risks, Opportunities, and Investment Strategies
Opportunities: India's 2030 renewable push, hybrid policies, local manufacturing incentives. Risks: Payment delays, competition from Chinese imports, volatility (beta 1.8). Net cash buffers risks.
Actionable Strategies for Indian Investors: - Long-term Hold: Allocate 5-10% portfolio if renewable conviction high; target ₹70-80 on order execution. - SIP Approach: Monthly buys on dips below ₹50, leveraging rupee cost averaging. - Stop-loss: 10-15% below current (₹45-47) for position sizing per SEBI risk norms. - Diversify: Pair with NTPC Green, Tata Power for sector exposure.
Strategy | Entry (₹) | Target (₹) | Stop-loss (₹) | Expected Return (%) |
|---|---|---|---|---|
| Buy on Dip | 50-52 | 70 | 45 | 35-40 |
| Momentum Trade | Above 58 | 74 | 55 | 25-30 |
*Table 6: Actionable Strategies (Hypothetical, based on technicals)*
Monitor FII/DII flows; recent bulk deals supportive.
Regulatory and Macro Tailwinds
SEBI-compliant disclosures, PLI scheme (₹24,000 Cr allocation), RPO targets boost demand. Wind capacity auctions to add 5 GW annually, favoring Suzlon's 4.5 GW ramp-up.
2025 Outlook: Turnaround Momentum Ahead
With 6GW+ orders, FY26 revenues eyed at ₹15,000-18,000 Cr (60% growth), PAT ₹2,500 Cr. Capacity utilization at 90%+ supports margins. Stock poised for re-rating to ₹65-75 if execution sustains, trading at 1.5x FY27E sales (peer avg 2x). Positive on renewable policy continuity post-elections.
Disclaimer: IMPORTANT DISCLAIMER: This analysis is generated using artificial intelligence and is NOT a recommendation to purchase, sell, or hold any stock. This analysis is for informational and educational purposes only. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making any investment decisions. The author and platform are not responsible for any investment losses.
Continue Your Investment Journey
Discover more insights that match your interests
Risk Management for Technical Traders: Position Sizing & Stop-Loss Strategies
Master risk management for technical traders with position sizing, stop-loss strategies, and portfolio heat management.
Tata Consumer Products Stock Analysis 2025: Impact of Recent Global Supply Chain Innovations on Earnings Growth
Tata Consumer Products Limited (TCPL), a leading FMCG player and the flagship food and beverage arm of the Tata Group, has been in the spotlight in recent weeks due to a combination of strong analy...
India’s FDI Surge 2025: Capital Inflows, Trade Deals, and Opportunities for Retail Investors
India’s FDI surge in 2025 represents a meaningful inflection point for domestic capital markets and retail investors as policy, trade deals and targeted incentives have combined to lift gross inflo...
Geopolitical Fragmentation & Infrastructure Boom 2025: How Indian Midcap Infrastructure Stocks Are Positioned to Capitalize on Deglobalization & Domestic Capex Acceleration
India’s midcap infrastructure sector is at a pivotal juncture, shaped by two powerful forces: geopolitical fragmentation and a domestic capex boom.
Explore More Insights
Continue your financial education journey